MIRA INFORM REPORT
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Report No. : |
338695 |
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Report Date : |
02.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
NASA MARKETING SOLUTIONS PRIVATE LIMITED |
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|
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Registered
Office : |
Unit No. 1508, Plot No. B - 7, RG Trade Tower, Netaji Subhash Place, Pitampura, Delhi - 110034 |
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Tel. No.: |
91-120-2867017 / 2866502 |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
24.02.2010 |
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Com. Reg. No.: |
55-199496 |
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Capital Investment
/ Paid-up Capital : |
Rs. 0.996 Million |
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CIN No.: [Company Identification
No.] |
U51909DL2010PTC199496 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELN10544C |
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PAN No.: [Permanent Account No.] |
AADCN2159H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject dealing in watches, industrial adhesives and liquids of various nature, variety and sizes. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 33000 |
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Status : |
Satisfactory |
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Payment Behavior : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. As management failed to file the financials documents for the year
ended 31.03.2014 to statutory authorities. And the documents are not been
available from any sources. The assigned rating derives comfort from the sound record of promoters
in its business, established relations with a diversified client base and
decent growth in sales and profitability in last fiscal 2013. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered for business 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
31-03-2013.
INFORMATION DENIED
Management non-cooperative (91-120-2867017)
LOCATIONS
|
Registered Office : |
Unit No. 1508, Plot No. B - 7, RG Trade Tower, Netaji Subhash Place, Pitampura, Delhi - 110034, India |
|
Tel. No.: |
91-120-2867017 / 2866502 |
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Mobile No.: |
91-9310366679 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office: |
2-D, MIG DDA Flats, Gulabi Bagh, Delhi -110007, India |
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Head Office : |
1557/2, South Side, G. T. Road, Amrit Nagar, Ghaziabad – 201001, Uttar
Pradesh, India |
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Roorkee Office : |
D.K. Cold Storage Compound, Idgah Chowk, Senehra Road, Kashipuri, Roorkee - 247667 |
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Dehradun Office : |
Khasra No. 86 Kha , Mauza Kuanwala, Post Office Harrawala (N-72, Haridwar Road), Dehradun |
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Tel. No.: |
91-135-2685995 / 9695 |
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Fax No.: |
Not Available |
DIRECTORS
As on 29.09.2013
|
Name : |
Mr. Nitin Aggarwal |
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Designation : |
Director |
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Address : |
3rd B-8, Nehru Nagar, Ghaziabad - 201001, Uttar Pradesh, India |
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Date of Birth/Age : |
18.02.1980 |
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Date of Appointment : |
24.02.2010 |
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DIN No.: |
02489803 |
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Other Directorship:
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Name : |
Mr. Sachin Agarwal |
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Designation : |
Director |
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Address : |
3rd B-8, Nehru Nagar, Ghaziabad - 201001, Uttar Pradesh, India |
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Date of Birth/Age : |
28.08.1984 |
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Date of Appointment : |
24.02.2010 |
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DIN No.: |
02489837 |
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Other Directorship:
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Name : |
Mr. Mahesh Chand Gupta |
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Designation : |
Director |
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Address : |
III-B-8, Nehru Nagar, Ghaziabad - 201001, Uttar Pradesh, India |
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Date of Birth/Age : |
15.10.1956 |
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Date of Appointment : |
24.02.2010 |
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DIN No.: |
01246147 |
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Other Directorship:
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MAJOR SHAREHOLDERS
As on 29.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Tanu Aggarwal |
|
5716 |
|
Sachin Aggarwal |
|
2000 |
|
Mahesh Chand |
|
4858 |
|
Nitin Aggarwal |
|
12000 |
|
Sanjay Garg and Sons HUF |
|
8430 |
|
Manish Kumar Sharma and Sons HUF |
|
5000 |
|
Saurabh Gupta and Sons HUF |
|
8716 |
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Priyanshu Aggarwal |
|
5418 |
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Komal Aggarwal |
|
9000 |
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Sanjay Garg |
|
4000 |
|
Rekha Kansal |
|
11886 |
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Preeti Aggarwal |
|
8000 |
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Sachin Aggarwal and Sons HUF |
|
5716 |
|
Alka Rani Garg |
|
2858 |
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Mahesh Chand Gupta HUF |
|
2286 |
|
Nitin and Sons HUF |
|
3430 |
|
Saurabh Gupta |
|
286 |
|
Total |
|
99600 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject dealing in watches, industrial adhesives and liquids of various nature, variety and sizes. |
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Products / Services : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Sheetal Jain and Associates Chartered Accountants |
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Address : |
118, Aravali Kunj, Sector 13, Rohini, Delhi – 110085, India |
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Phone: |
91-9811466574 / 9873339491 |
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Tel No: |
91-11-27562798 |
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Income-tax PAN of auditor or auditor's firm. |
ABPFS4827F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99600 |
Equity Shares |
Rs.10/- each |
Rs. 0.996 Million |
FINANCIAL DATA
[All figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY AND LIABILITIES |
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|
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(1)Shareholders' Funds |
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(a) Share Capital |
0.996 |
0.996 |
0.596 |
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(b) Reserves &
Surplus |
10.637 |
9.711 |
2.450 |
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(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) |
11.633 |
10.707 |
3.046 |
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(3) Non-Current
Liabilities |
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|
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(a) long-term borrowings |
0.750 |
0.350 |
0.850 |
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(b) Deferred tax
liabilities (Net) |
0.033 |
0.021 |
0.009 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.191 |
0.191 |
0.000 |
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Total Non-current
Liabilities (3) |
0.974 |
0.562 |
0.859 |
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(4) Current Liabilities |
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(a) Short term borrowings |
13.412 |
4.848 |
6.117 |
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(b) Trade payables |
13.141 |
24.236 |
5.896 |
|
(c) Other current
liabilities |
2.193 |
2.361 |
4.330 |
|
(d) Short-term provisions |
0.845 |
0.395 |
0.208 |
|
Total Current Liabilities
(4) |
29.591 |
31.840 |
16.551 |
|
|
|
|
|
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TOTAL |
42.198 |
43.109 |
20.456 |
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II.
ASSETS |
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|
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(1) Non-current assets |
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|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.389 |
0.195 |
0.150 |
|
(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 |
1.405 |
0.951 |
1.388 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1.794 |
1.146 |
1.538 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
22.615 |
24.590 |
13.000 |
|
(c) Trade receivables |
14.170 |
11.646 |
5.437 |
|
(d) Cash and cash
equivalents |
3.575 |
1.627 |
0.481 |
|
(e) Short-term loans and
advances |
0.044 |
4.100 |
0.000 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
40.404 |
41.963 |
18.918 |
|
|
|
|
|
|
TOTAL |
42.198 |
43.109 |
20.456 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
146.924 |
118.048 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
145.522 |
116.915 |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1.402 |
1.133 |
NA |
|
|
|
|
|
|
|
Less |
TAX |
0.475 |
0.472 |
NA |
|
|
|
|
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|
|
|
PROFIT/ (LOSS) AFTER TAX
|
0.927 |
0.661 |
0.466 |
|
|
|
|
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|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
1.127 |
0.466 |
0.000 |
|
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|
|
|
|
|
Balance Carried to the
B/S |
2.054 |
1.127 |
0.466 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
9.30 |
6.63 |
4.67 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term borrowings |
0.558 |
0.660 |
3.429 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.32 |
2.63 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.11 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.27 |
0.55 |
3.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37 |
1.32 |
1.14 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.596 |
0.996 |
0.996 |
|
Reserves & Surplus |
2.450 |
9.711 |
10.637 |
|
Net worth |
3.046 |
10.707 |
11.633 |
|
|
|
|
|
|
long-term borrowings |
0.850 |
0.350 |
0.750 |
|
Short term borrowings |
6.117 |
4.848 |
13.412 |
|
Current maturities of
long-term debts |
3.429 |
0.660 |
0.558 |
|
Total borrowings |
10.396 |
5.858 |
14.720 |
|
Debt/Equity ratio |
3.413 |
0.547 |
1.265 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
118.048 |
146.924 |
|
|
24.461 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
118.048 |
146.924 |
|
Profit |
0.661 |
0.927 |
|
|
0.56% |
0.63% |
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) |
No |
|
16 |
No. of employees |
No |
|
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 |
No |
|
26 |
Turnover of firm for last two 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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
Long-term
borrowing |
|
|
|
Other Loans and
Advances |
|
|
|
From Shareholders |
0.750 |
0.350 |
|
Total |
0.750 |
0.350 |
INDEX OF CHARGES:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER
(SRN) |
|
1 |
10225665 |
08/12/2012 * |
19,900,000.00 |
BANK OF BARODA |
R-2/240, RAJ NAGAR,
GHAZIABAD - 201001, UTTAR PRADESH,
INDIA |
B76932359 |
* Date of charge modification
OPERATIONAL REVIEW
During the year the company has achieved a turnover of Rs. 146.924 Million (Previous year Rs. 118.048 Million) and earned Rs.0.926 Million (Previous year Rs. 0.661 Million). The company is trying for better options in FMCG Sector.
BACK GROUND
Company has diverted its efforts towards starting new venture and started Super stockist operations for dealing in watches, industrial adhesives and liquids of various nature, variety & sizes.
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. 66.26 |
|
|
1 |
Rs. 101.99 |
|
Euro |
1 |
Rs. 74.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
41 |
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
unfavorable 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.