MIRA INFORM REPORT

 

 

Report No. :

345468

Report Date :

20.10.2015

 

IDENTIFICATION DETAILS

 

Name :

ANE BOOKS PRIVATE LIMITED

 

 

Registered Office :

4821, Ist Floor, Parwana Bhawan, 24, Ansari Road, Darya Ganj, New Delhi - 110002

Tel. No.:

91-11-23276843

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

18.07.2008

 

 

Com. Reg. No.:

55-181037

 

 

Capital Investment / Paid-up Capital :

Rs.4.700 Million

 

 

CIN No.:

[Company Identification No.]

U22212DL2008PTC181037

 

 

IEC No.:

0508082790

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELA23405E

 

 

PAN No.:

[Permanent Account No.]

AAHCA2093F

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged into book publisher.

 

 

No. of Employees :

45  (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (44)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 63000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track. It was incorporated in the year 2008 and it provides service of book publishing.

 

For the financial year ended 2014, company has reported decline in sales revenue profile by 15% which further led to dip in profit of the company by 20% during a year under a review.

 

However, rating takes into account of company's decent financial risk profile supported by its adequate net worth base, favourable gap between trade payables to its receivables and low debt balance sheet profile of the company.

 

Trade relations are reported as fair. Business is active. . Payments are reported to be usually correct.

 

In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

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

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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.

 

INFORMATION PARTED BY

 

Name :

Mr. Danial

Designation :

Accounts Manager

Contact No.:

91-11-23276844

Date :

19.10.2015

 

 

LOCATIONS

 

Registered Office / Head Office:

4821, 1st Floor, Parwana Bhawan, 24, Ansari Road, Darya Ganj, New Delhi, Delhi – 110002, India

Tel. No.:

91-11-23276843/23276844

Fax No.:

91-11-23276863

E-Mail :

cakalra@hsaco.in

anebookschennai@gmail.com

Website :

www.anebooks.com

 

 

Branches :

Avantika Niwas, 19, Doraiswamy Road, T.Nagar, Chennai, Tamilnadu – 600017, India

Tel. No.:

91-44-28141554

Fax No.:

91-44-28141209

 

 

Resident Representatives:

Located at

 

  • Thiruvananthapuram
  • Patna
  • Bengaluru
  • Mumbai
  • Kolkata

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Anju Saxena

Designation :

Director

Address :

B-16, Subhavana Niketan, Pitampura, Saraswati Vihar, Delhi - 110034, India

Date of Birth/Age :

27.05.1963

Date of Appointment :

18.07.2008

DIN No.:

02209471

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74999DL1997PTC089636

QUARTETTE BOOK HOUSE PRIVATE LIMITED

Director

12/9/1997

12/9/1997

-

Strike off

NO

2

U22212DL2008PTC181037

ANE BOOKS PRIVATE LIMITED

Director

18/07/2008

18/07/2008

-

Active

NO

3

U63020MH1993PTC071604

ACCESS STORAGE PVT LTD

Director

29/08/2008

29/08/2008

-

Active

NO

4

U45400DL2013PTC255904

OXYGREEN PACKAGING PRIVATE LIMITED

Director

25/07/2013

25/07/2013

9/6/2014

Active

NO

 

 

Name :

Mr. Sunil Saxena

Designation :

Director

Address :

B-16, Subhavana Niketan, Pitampura, Saraswati Vihar, Delhi - 110034, India

Date of Birth/Age :

16.03.1958

Date of Appointment :

18.07.2008

DIN No.:

02209447

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74999DL1997PTC089636

QUARTETTE BOOK HOUSE PRIVATE LIMITED

Director

12/9/1997

12/9/1997

-

Strike off

NO

2

U52331DL2000PTC106928

OZONE TRADING PRIVATE LIMITED

Director

21/12/2000

21/12/2000

-

Active

NO

3

U22212DL2008PTC181037

ANE BOOKS PRIVATE LIMITED

Director

18/07/2008

18/07/2008

-

Active

NO

4

U63020MH1993PTC071604

ACCESS STORAGE PVT LTD

Director

29/08/2008

29/08/2008

-

Active

NO

5

U45400DL2013PTC255904

OXYGREEN PACKAGING PRIVATE LIMITED

Director

25/07/2013

25/07/2013

9/6/2014

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Danial

Designation :

Accounts Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

No. of Shares

%age holding

Sunil Saxena

468000

99.57

Anju Saxena

2000

0.43

Total

470000

100.00

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2014

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged into book publisher.

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :
  • UK
  • USA

 

 

Imports :

 

Products :

Raw Material

Countries :
  • UK
  • Germany
  • Singapore

 

 

Terms :

 

Selling :

L/C, Cash and Credit

 

 

Purchasing :

L/C, Cash and Credit

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Wholesalers, Retailers and End users

 

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

45  (Approximately)

 

 

Bankers :

Syndicate Bank, 16 - B/6, Desh Bandhu Gupta Road, Dev Nagar, Delhi - 110006, India

 

Banker Name

Axis Bank Limited

Branch Address

Daryaganj, New Delhi - 110002, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Overdraft : Rs. 10.000 Million

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

 

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

From financial institutions

0.000

4.697

SHORT TERM BORROWING

 

 

From banks

11.467

0.000

Total

11.467

4.697

 

Auditors :

 

Name :

H. S. Ahuja and Company

Chartered Accountants

Address :

H-61, Gobind Mansion Connaught Circus, New Delhi – 110001, India

PAN N Income-tax PAN of auditor or auditor's firm :

AAAFH1929B

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

--

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

500000

Equity Shares

Rs.10/- each

Rs. 5.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

470000

Equity Shares

Rs.10/- each

Rs. 4.700 Million

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

4.700

4.700

4.700

(b) Reserves & Surplus

17.522

15.116

12.082

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

22.222

19.816

16.782

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

9.250

16.072

15.504

(b) Deferred tax liabilities (Net)

0.032

0.009

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

9.282

16.081

15.504

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

11.467

0.000

0.000

(b) Trade payables

43.166

66.958

79.218

(c) Other current liabilities

6.700

6.096

11.448

(d) Short-term provisions

1.475

1.669

2.282

(e) Current Maturities of Long term debt

3.123

6.606

5.351

Total Current Liabilities (4)

65.931

81.329

98.299

 

 

 

 

TOTAL

97.435

117.226

130.585

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

6.321

6.743

8.325

(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)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.983

1.093

1.380

(e) Other Non-current assets

0.057

0.071

0.085

Total Non-Current Assets

7.361

7.907

9.790

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

27.122

32.867

31.266

(c) Trade receivables

58.614

70.137

77.600

(d) Cash and cash equivalents

1.221

3.845

9.067

(e) Short-term loans and advances

3.117

2.470

2.862

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

90.074

109.319

120.795

 

 

 

 

TOTAL

97.435

117.226

130.585

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Turnover

101.575

119.995

187.099

 

Other Income

NA

NA

NA

 

TOTAL

NA

NA

NA

 

 

 

 

 

 

EXPENSES

NA

NA

NA

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

3.669

4.475

6.406

 

 

 

 

 

 

TAX

1.262

1.441

2.018

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

2.407

3.033

4.388

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

5.12

NA

NA

 

 

Particulars

 

 

 

31.03.2015

Sales Turnover (Approximately)

 

 

80.000

 

The above information has been parted by Mr. Danial

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

 

 

 

Secured

Term loans

From financial Institutions

3.123

6.173

3.792

Unsecured

From banks

0.000

0.433

1.559

Total

3.123

6.606

5.351

 

 

 

 

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

NA

NA

NA

 

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Return on Total Assets

(PBT/Total Assets}

(%)

3.77

3.82

4.91

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.17

0.23

0.38

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.07

1.14

1.24

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.37

1.34

1.23

 

 

 

 

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

4.700

4.700

4.700

Reserves & Surplus

12.082

15.116

17.522

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

16.782

19.816

22.222

 

 

 

 

long-term borrowings

15.504

16.072

9.250

Short term borrowings

0.000

0.000

11.467

Current maturities of long-term debts

5.351

6.606

3.123

Total borrowings

20.855

22.678

23.840

Debt/Equity ratio

1.243

1.144

1.073

 

 

 

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)

Turnover

187.099

119.995

101.575

 

 

(35.866)

(15.351)

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Turnover

187.099

119.995

101.575

Profit

4.388

3.033

2.407

 

2.35%

2.53%

2.37%

 

 

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

Yes

8

Designation of contact person

Yes

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)

Yes

16

No. of employees

Yes

17

Details of sister concerns

No

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

FINANCIAL RESULTS

 

During the year turnover of the company has been to the tune of Rs.101.575 Million as against previous year's of Rs. 119.995 Million. It is hoped that the company would show better results during the current year.

 

UNSECURED LOAN

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Loans and Advance from related parties

9.250

11.375

Total

9.250

11.375

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10463998

23/11/2013

12,500,000.00

AXIS BANK LIMITED

2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD,
NEW DELHI, DELHI - 110001, INDIA

B91044370

 

FIXED ASSETS

 

·         Air Conditioner

·         Computer

·         EPBAX System

·         Car

·         Fax machine

·         Furniture and Fixture

·         Generator

·         Motor Cycle

·         Office Equipment

·         Photocopier Machine

·         Television

·         Refrigerator

·         Strapping Machine

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.64.82

UK Pound

1

Rs.100.12

Euro

1

Rs.73.75

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

HNA

 

 

Report Prepared by :

KVT

 

 

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

4

--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

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

YES

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

44

 

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

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NB

                                       New Business

 

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PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.