MIRA INFORM REPORT
|
Report No. : |
346847 |
|
Report Date : |
26.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
POLO ENTERPRISES
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3007, Bahadurgarh Road, Saini Market, Delhi – 110006 |
|
Tel. No.: |
91-120-4373397 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
29.03.1996 |
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|
|
|
Com. Reg. No.: |
55-077689 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs.9.984 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210DL1996PTC077689 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELP05088G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP8042L |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Importer and Trader of Plastic Granules. |
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|
|
|
No. of Employees
: |
17 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Unknown |
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|
|
Litigation : |
Clear |
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Comments : |
Even though, the company was incorporated on 29th March,
1996. But the company has started its business activities from October 2014.
It has moderate track record. Mr. Tarachand Agarwal (Chartered Accountant) has provided us with all
information. Further, he claimed that company has started its activity from
October 2014 and it has achieved turnover of Rs. 250 Million for 6 Months
(October 2014-March 2015) which is not verified. Business is active. Payment are unknown. The company can be considered for business dealings with some
cautions. |
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
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. Tarachand |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-8527797554 |
|
Date : |
24.10.2015 |
LOCATIONS
|
Registered Office : |
3007, Bahadurgarh Road, Saini Market, Delhi – 110006 |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8527797554 (Mr. Tarachand) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Branch Office : |
62, 1st Floor, Navyug Market, Ghaziabad – 201001, Uttar
Pradesh, India |
|
Tel. No.: |
91-120-4373397 |
|
Fax No.: |
91-120-4554170 |
DIRECTORS
As on 22.09.2014
|
Name : |
Mr. Ritesh Bohra |
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|
Designation : |
Director |
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|
Address : |
1743, Ajij Ganj, Hathi Khana,, Bahadur Garh Road, Sadar Bazar, New Delhi - 110006, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
05.07.1974 |
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Date of Appointment : |
29.03.1996 |
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DIN No.: |
01537266 |
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Other Directorship :
|
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|
Name : |
Mr. Gayatri Devi |
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Designation : |
Director |
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Address : |
A-30, Second Floor, Ramprastha, Ghaziabad - 201011, Uttar Pradesh, India |
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Date of Birth/Age : |
20.06.1956 |
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Date of Appointment : |
15.09.2014 |
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DIN No.: |
06794183 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Tarachand |
|
Designation : |
Chartered Accountant |
|
|
|
|
Name : |
Mr. Dinesh |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
As on 22.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Ritesh Agarwal |
11410 |
1.14 |
|
Subhash Bhartia |
3010 |
0.30 |
|
Sumitra Devi Bhartia |
1000 |
0.10 |
|
Bijay Laxmi Agarwal |
3000 |
0.30 |
|
Silver Fibres (Private) Limited, India |
250000 |
25.04 |
|
Puspahas Agrawal |
4000 |
0.40 |
|
Santosh Tola (HUF) |
31000 |
3.10 |
|
Vinod Tola |
25000 |
2.50 |
|
Manoj Mishra |
50000 |
5.01 |
|
Lalita Devi Tola |
140000 |
14.02 |
|
Kailashpati Developersd Private Limited, India |
150000 |
15.02 |
|
Shree Basudev Exports Private Limited, India |
180000 |
18.03 |
|
Narayani Builders Private Limited, India |
150000 |
15.02 |
|
Total |
998420 |
100.00 |
As on 31.03.2015
|
Names of Allottees |
|
No. of Shares
Allotted |
|
Ritesh Bohra |
|
50000 |
|
Shree Basudev Exports Private Limited, India |
|
58181 |
|
Puspa Devi Bhimsisaria |
|
45454 |
|
Kishorilal Bimsisaria |
|
45454 |
|
Ramawatar Bhartia |
|
7272 |
|
Chanda Devi Bhartia |
|
15454 |
|
Sandeep Kumar Bhartia |
|
16818 |
|
Ashish Bhartia |
|
227272 |
|
Manoj Kumar Mishra |
|
43181 |
|
Sarla Devi Bhartia |
|
18181 |
|
Gurukul Properties Private Limited, India |
|
381000 |
|
Total |
|
908267 |
As on 22.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
73.00 |
|
Directors or relatives of Directors |
01.14 |
|
Other top fifty shareholders |
25.86 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer and Trader of Plastic Granules. |
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|
|
|
Products : |
Plastic Granules |
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|
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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 : |
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Products : |
Plastic Granules |
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Countries : |
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Terms : |
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Selling : |
Cheque |
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Purchasing : |
Cheque |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Retailers and End Users
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No. of Employees : |
17 (Approximately) |
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Bankers : |
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Auditors : |
|
|
Name : |
Lochan and Company Chartered Accountants |
|
Address : |
415, Krishna Apra Plaza, Sector-18, Noida – 201301, Uttar Pradesh,
India |
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PAN No.: |
AACFL4183D |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
After 22.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1906687 |
Equity Shares |
Rs.10/- each |
Rs.19.067
Million |
As on 22.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
998420 |
Equity Shares |
Rs.10/- each |
Rs.9.984
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 |
9.984 |
9.984 |
9.984 |
|
(b) Reserves &
Surplus |
0.738 |
0.796 |
0.855 |
|
(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) |
10.722 |
10.780 |
10.839 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
0.031 |
0.031 |
0.031 |
|
(c) Other current
liabilities |
0.011 |
0.022 |
0.018 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
0.042 |
0.053 |
0.049 |
|
|
|
|
|
|
TOTAL |
10.764 |
10.833 |
10.888 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.110 |
0.138 |
0.174 |
|
(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 |
5.915 |
5.915 |
5.915 |
|
(c) Deferred tax assets
(net) |
0.302 |
0.307 |
0.312 |
|
(d) Long-term Loan and Advances |
3.907 |
4.047 |
4.047 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
10.234 |
10.407 |
10.448 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and cash
equivalents |
0.226 |
0.262 |
0.276 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
0.304 |
0.164 |
0.164 |
|
Total Current Assets |
0.530 |
0.426 |
0.440 |
|
|
|
|
|
|
TOTAL |
10.764 |
10.833 |
10.888 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|||
|
|
TOTAL |
0.000 |
0.002 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Other expenses |
0.025 |
0.020 |
0.017 |
|
|
TOTAL |
0.025 |
0.020 |
0.017 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(0.025) |
(0.018) |
(0.017) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.028 |
0.036 |
0.047 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(0.053) |
(0.054) |
(0.064) |
|
|
|
|
|
|
|
Less |
TAX |
0.005 |
0.005 |
0.005 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(0.058) |
(0.059) |
(0.069) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(0.05) |
(0.05) |
(0.06) |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
250.000 |
Expected Sales (2015-2016): Rs.1250.000 Million
The above information has been parted by Mr. Tarachand Agarwal
(Chartered Accountant).
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) |
(%) |
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.17) |
(1.17) |
(1.37) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
(0.01) |
(0.01) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
12.62 |
8.04 |
8.98 |
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 |
9.984 |
9.984 |
9.984 |
|
Reserves & Surplus |
0.855 |
0.796 |
0.738 |
|
Net worth |
10.839 |
10.780 |
10.722 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
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 |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
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 |
Yes |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
90038289 |
04/08/2003 |
10,000,000.00 |
THE JAMMU AND KASHMIR BANK LIMITED |
SADAR BAZAR BRANCH, DELHI - 110006, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Vehicle
- Computers
- Furniture and Fixtures
- Office Equipments
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 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.64.88 |
|
|
1 |
Rs.99.88 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
GAY |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PNM / SANS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.