MIRA INFORM REPORT
|
Report No. : |
343585 |
|
Report Date : |
03.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
IJ KAKEHASHI SERVICES PRIVATE LIMITED |
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Registered
Office : |
Flat No.1101, 11th Floor, Chiranjiv Tower, 43, Nehru Place, New Delhi - 110019 |
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Tel. No.: |
91-11-65028600 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
06.05.2010 |
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Com. Reg. No.: |
55-202325 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U74140DL2010PTC202325 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELI08158D |
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PAN No.: [Permanent Account No.] |
AACCI2891Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is mainly engaged into Japanese language interpretation, manpower
recruitment and commercial training etc. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 14700 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2010 having
satisfactory track. Available financial indicates company’s acceptable financial base
marked by satisfactory networth position and decent profitability of the
company. Further, the rating also takes into consideration debt free balance
sheet of the company. Trade relations are reported as fair. Business is active. Payments are
reported as usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and condition. |
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
LOCATIONS
|
Registered Office / Head Office : |
Flat No.1101, 11th Floor, Chiranjiv Tower, 43, Nehru Place, New Delhi – 110019, India |
|
Tel. No.: |
91-11-65028600/ 64648590/ 64648591 / 46011513 / 46014513 / 46321010 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Branch Office 1 : |
Level 1, Tower B, Millenia Tower, Murphy Road 1 and 2,
Ulsoor |
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Tel. No.: |
91-80-67654193 |
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Fax No.: |
91-80-67654033 |
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Branch Office 2 : |
Citi Centre Level 6, Chennai Citi Centre, 10/11, Dr.
Radhakrishnan Salai, |
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Tel. No.: |
91-44-42218216 |
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Fax No.: |
91-44-42218222 |
DIRECTORS
AS ON 18.09.2014
|
Name : |
Mr. Sanjay Kumar Panda |
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Designation : |
Director |
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Address : |
No-4-A, Ground Floor, Dda Flats, BF Lane, Munirka Dda Flats, New Delhi - 110067, India |
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Date of Birth/Age : |
13.12.1973 |
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Date of Appointment : |
06.05.2010 |
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DIN No.: |
03014671 |
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Other Directorship
:
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Name : |
Mr. Om Prakash Bajpai |
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Designation : |
Director |
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Address : |
D-49, Sector-55, P.S. Sector - 58, Noida, G B Nagar, Noida – 201302, Uttar Pradesh, India |
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Date of Birth/Age : |
31.03.1943 |
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Date of Appointment : |
06.05.2010 |
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DIN No.: |
03014675 |
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Other Directorship
:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 18.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Sanjay Kumar Panda |
9500 |
95.00 |
|
Om Prakash Bajpai |
300 |
3.00 |
|
Mala Dhar |
200 |
2.00 |
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Total |
10000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 18.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
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|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is mainly engaged into Japanese language interpretation,
manpower recruitment and commercial training etc. |
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|
|
Services : |
Japanese language interpretation, manpower recruitment and commercial training
etc. |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS - NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Auditors : |
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Name : |
Sicky Bansal and Associates Chartered Accountants |
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Address : |
51, Madhav Kunj Appartment, Sector 9, Rohini, New Delhi – 110085,
India |
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Mobile No.: |
91-9868656488/ 8130607792 |
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E-Mail : |
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PAN No.: |
ALFPB4469A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Group Companies (as per indirect source) : |
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CAPITAL STRUCTURE
AS ON 18.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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|
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|
(1)Shareholders' Funds |
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|
|
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(a) Share Capital |
0.100 |
0.100 |
0.100 |
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(b) Reserves &
Surplus |
5.048 |
3.379 |
2.046 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
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(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
5.148 |
3.479 |
2.146 |
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|
|
|
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.339 |
0.339 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
2.010 |
1.150 |
0.500 |
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Total Non-current
Liabilities (3) |
2.010 |
1.489 |
0.839 |
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(4) Current Liabilities |
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|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
1.368 |
0.645 |
0.545 |
|
(c) Other current
liabilities |
0.343 |
0.152 |
0.141 |
|
(d) Short-term provisions |
1.350 |
1.444 |
0.641 |
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Total Current Liabilities
(4) |
3.061 |
2.241 |
1.327 |
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|
|
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TOTAL |
10.219 |
7.209 |
4.312 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.727 |
0.858 |
0.300 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.052 |
0.029 |
0.019 |
|
(d) Long-term Loan and Advances |
3.891 |
1.489 |
0.475 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
4.670 |
2.376 |
0.794 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
0.574 |
1.319 |
0.615 |
|
(d) Cash and cash
equivalents |
4.744 |
3.204 |
2.731 |
|
(e) Short-term loans and
advances |
0.002 |
0.100 |
0.000 |
|
(f) Other current assets |
0.229 |
0.210 |
0.172 |
|
Total Current Assets |
5.549 |
4.833 |
3.518 |
|
|
|
|
|
|
TOTAL |
10.219 |
7.209 |
4.312 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
10.703 |
9.199 |
7.356 |
|
|
Other Income |
1.087 |
1.824 |
1.145 |
|
|
TOTAL |
11.790 |
11.023 |
8.501 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits
expense |
3.037 |
2.583 |
2.547 |
|
|
Other expenses |
5.955 |
6.259 |
4.224 |
|
|
TOTAL |
8.992 |
8.842 |
6.771 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
2.798 |
2.181 |
1.730 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.013 |
0.023 |
0.018 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
2.785 |
2.158 |
1.712 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.279 |
0.185 |
0.138 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2.506 |
1.973 |
1.574 |
|
|
|
|
|
|
|
Less |
TAX |
0.837 |
0.640 |
0.486 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1.669 |
1.333 |
1.088 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Professional Fees |
6.497 |
0.708 |
1.304 |
|
|
TOTAL EARNINGS |
6.497 |
0.708 |
1.304 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
166.94 |
133.30 |
108.77 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
15.59 |
14.49 |
14.79 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
26.14 |
23.71 |
23.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
24.65 |
27.48 |
36.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.49 |
0.57 |
0.73 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.10 |
0.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.81 |
2.16 |
2.65 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
2.046 |
3.379 |
5.048 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
2.146 |
3.479 |
5.148 |
|
|
|
|
|
|
long-term borrowings |
0.339 |
0.339 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.339 |
0.339 |
0.000 |
|
Debt/Equity ratio |
0.158 |
0.097 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
7.356 |
9.199 |
10.703 |
|
|
|
25.054 |
16.350 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
7.356 |
9.199 |
10.703 |
|
Profit |
1.088 |
1.333 |
1.669 |
|
|
14.79% |
14.49% |
15.59% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
--- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES : NO
CHARGES EXIST FOR COMPANY
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long term
Borrowings |
|
|
|
Loans and Advances from Related Parties |
|
|
|
From Directors |
0.000 |
0.339 |
|
|
|
|
|
Total |
0.000 |
0.339 |
NOTE:
The Registered Office of the company has been shifted from S-6,8, Second
Floor, Adarshini Plaza, 93, Adhchini,
Sri Aurobindo Marg, New Delhi-110017, India to the present address.
BACKGROUND
Subject is incorporated in India on 6th May, 2010. The
company is mainly engaged in Japanese language interpretation, manpower
recruitment and commercial training etc.
ACCOUNTS AND
FINANCE
The company has achieved a Gross Turnover of Rs.11.791 Million (Previous
year Rs.11.024 Million) for the year ended on 31st March, 2014. The
directors expected that the turnover of the company will increase in future.
The company has achieved a profit of Rs.2.506 Million (Previous year Rs.1.973
Million) before taxation and prior period adjustments but after depreciation to
the tune of Rs.0.279 Million (Previous year Rs.0.185 Million).
FIXED ASSETS
Tangible Assets
- Furniture and Fixture
- Office Equipment
- Vehicles
- Computer
Intangible Assets
- Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.55 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
---- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.