|
|
|
MIRA
INFORM REPORT
|
Report No. : |
489758 |
|
Report Date : |
06.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
GLOBE TROTTERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
501, Jaisingh Business Centre, 119 Sahar Road, Andheri (East),
Mumbai-400099, Maharashtra |
|
Tel. No.: |
91-22-42418888 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
16.05.1983 |
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|
|
|
Com. Reg. No.: |
11-029991 |
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|
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Capital
Investment / Paid-up Capital : |
INR 4.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63040MH1983PTC029991 |
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|
|
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IEC No.: |
Not Divulged |
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|
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GSTIN : |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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|
|
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PAN No.: [Permanent Account No.] |
Not Divulged |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
· The company is engaged in the business of pharmaceutical and related activities (Registered Activity) · Service Provider of Travel Agent, tour package, domestic and international services. (As per Memorandum of Association) |
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|
|
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No. of Employees
: |
7 (Approximately) (As per site visit) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 1983 and it is engaged in the business of pharmaceuticals and related activities. Management has failed to file its financials after FY 2013 with Government Registry. As per financials of March 2013, the company has registered decent growth in its revenue as compared to its previous year’s revenue and has reported minimal profit margin of 0.45%. Rating is constrained on account of company’s absence of financials information to evaluate risk associated with company. Payments seem to be unknown. In view of aforesaid, the company can be considered for business dealings at safe and secured trade terms and conditions. Note: Site visit was conducted at the given address which you have provided. Our executive has successfully traced the subject at the given address. At the premises, our executive had met Ms. Samrudhi (Admin Executive) and she provided contact details (022-42418888) and she claimed that the subject exists on the given address As per our executive’s observation, it is a 6 storey building and subject is situated at the 5th floor. Location was easy to find and locality seems to be commercial. Area seems to be down market and 7 employees were sighted at the premises. Name board of the company was not sighted at the premises but our executive sighted the name board of its group company i.e. “Concept Group”. Note: Due to lack of requisite details rating has been downgraded and hence, we do not recommend any credit limit to the subject. |
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 06.02.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Ms. Samruddhi |
|
Designation : |
Admin Executive |
|
Contact No.: |
91-22-42418888 |
|
Date : |
03.02.2018 |
LOCATIONS
|
Registered Office : |
501, Jaisingh Business Centre, 119 Sahar Road, Andheri (East),
Mumbai-400099, Maharashtra, India |
|
Tel. No.: |
91-22-42418888 |
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Fax No.: |
91-22-42418890 |
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E-Mail : |
|
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Website : |
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|
Location : |
Commercial (As per site visit) |
|
|
|
|
Factory : |
Survey No.101, Gut No.218, Village Chttegaon, Morondi, Taluka Paithan, Aurangabad, Maharashtra, India |
DIRECTORS
As on 2017
|
Name : |
Mr. Satish Chand Gupta |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
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Address : |
164 A, New Agra Nehru Nagar, Agra 282002, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
28.07.1929 |
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Date of Appointment : |
20.12.1991 |
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DIN No.: |
00807997 |
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Other
Directorship:
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|
||||||||||||||||||||||||||||||||
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Name : |
Ms. Rekha Adhyatma Gupta |
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Designation : |
Director |
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Address : |
69, Hatkesh Society 8th Road, JVPD Scheme, Mumbai-400049, Maharashtra,
India |
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Date of Birth/Age : |
16.06.1954 |
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Date of Appointment : |
01.11.2012 |
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DIN No.: |
01959860 |
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Other
Directorship:
|
|||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||
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Name : |
Ms. Yugita Adhyatma Gupta |
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Designation : |
Director |
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Address : |
69, Hatkesh Society 8th Road, JVPD Scheme, Mumbai-400049, Maharashtra,
India |
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Date of Birth/Age : |
14.08.1981 |
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Date of Appointment : |
16.08.2001 |
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DIN No.: |
03095407 |
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Other
Directorship:
|
|||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Samruddhi |
|
Designation : |
Admin Executive |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Sanjana Holdings Private Limited, India |
|
500 |
|
Dynamic Machines Private Limited, India |
|
500 |
|
Karla Investment and Trading Company Private Limited, India |
|
500 |
|
Adhyatma Investments Private Limited, India |
|
500 |
|
Yugin A. Gupta |
|
4000 |
|
Yugita A. Gupta |
|
4000 |
|
Total |
|
10000 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Sanjana Holdings Private Limited, India |
|
105500 |
|
Dynamic Machines Private Limited, India |
|
94500 |
|
Karla Investment and Trading Company Private Limited, India |
|
77250 |
|
Adhyatma Investments Private Limited, India |
|
122750 |
|
Total |
|
400000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
20.00 |
|
Directors or relatives of Directors |
80.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· The company is engaged in the business of pharmaceutical and related activities (Registered Activity) · Service Provider of Travel Agent, tour package, domestic and international services. (As per Memorandum of Association) |
|
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|
Products / Services
: |
Pharmaceutical
|
|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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|
|
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Imports : |
Not Divulged |
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|
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
7 (Approximately) (As per site visit) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Sanjay P Muthe and Company Chartered Accountants |
|
Address : |
011, A-Wing, Sai Jyote, Lallubhai Park, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADPM2432R |
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|
|
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
|
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Group Company (As confirmed by management) : |
Concept Group |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 10/- each |
INR 0.500 Million |
|
400000 |
Preference Shares |
INR 10/- each |
INR 4.000 Million |
|
|
Total
|
|
INR 4.500
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 10/- each |
INR 0.100 Million |
|
400000 |
Preference Shares |
INR 10/- each |
INR 4.000 Million |
|
|
Total
|
|
INR 4.100
Million |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.100 |
4.100 |
4.100 |
|
(b) Reserves & Surplus |
39.337 |
38.184 |
37.690 |
|
(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) |
43.437 |
42.284 |
41.790 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.528 |
1.040 |
1.151 |
|
(c) Other long term
liabilities |
20.000 |
20.000 |
20.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
20.528 |
21.040 |
21.151 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
14.820 |
13.473 |
13.724 |
|
(b) Trade payables |
37.948 |
35.221 |
21.307 |
|
(c) Other current liabilities |
27.552 |
27.172 |
37.645 |
|
(d) Short-term provisions |
3.992 |
3.264 |
2.929 |
|
Total
Current Liabilities (4) |
84.312 |
79.130 |
75.605 |
|
|
|
|
|
|
TOTAL |
148.277 |
142.454 |
138.546 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4.460 |
5.161 |
5.370 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
9.110 |
9.056 |
9.082 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
9.898 |
9.898 |
9.898 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.446 |
2.791 |
2.228 |
|
(e) Other Non-current assets |
0.000 |
0.867 |
0.867 |
|
Total
Non-Current Assets |
25.914 |
27.773 |
27.445 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
13.321 |
13.377 |
13.352 |
|
(b) Inventories |
39.109 |
43.299 |
36.992 |
|
(c) Trade receivables |
48.188 |
38.683 |
40.353 |
|
(d) Cash and cash equivalents |
2.566 |
4.345 |
7.003 |
|
(e) Short-term loans and
advances |
19.179 |
14.977 |
13.401 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
122.363 |
114.681 |
111.101 |
|
|
|
|
|
|
TOTAL |
148.277 |
142.454 |
138.546 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
257.920 |
216.968 |
211.002 |
|
|
Other Income |
0.511 |
0.494 |
0.378 |
|
|
TOTAL
|
258.431 |
217.462 |
211.380 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
137.024 |
104.622 |
97.848 |
|
|
Purchases of Stock-in-Trade |
100.823 |
100.868 |
101.975 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1.073 |
(5.561) |
(7.577) |
|
|
Employees benefits expense |
4.062 |
4.021 |
4.074 |
|
|
Other expenses |
10.991 |
9.524 |
11.727 |
|
|
TOTAL |
253.973 |
213.474 |
208.047 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
4.458 |
3.988 |
3.333 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.445 |
2.373 |
2.103 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.013 |
1.615 |
1.230 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.799 |
0.857 |
0.758 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
1.214 |
0.758 |
0.472 |
|
|
|
|
|
|
|
Less |
TAX |
0.061 |
0.265 |
0.320 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
1.153 |
0.493 |
0.152 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
32.183 |
31.690 |
31.538 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
33.336 |
32.183 |
31.690 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1.562 |
0.000 |
0.629 |
|
|
TOTAL
IMPORTS |
1.562 |
0.000 |
0.629 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
59.07 |
1.20 |
0.37 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
68.19 |
65.08 |
69.80 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.35 |
5.61 |
5.23 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
58.23 |
62.56 |
38.92 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.11 |
0.09 |
0.09 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.33 |
0.28 |
0.23 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.57 |
0.56 |
0.55 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.34 |
0.32 |
0.33 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.94 |
1.87 |
1.81 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.31 |
0.34 |
0.35 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.82 |
1.68 |
1.58 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.45 |
0.23 |
0.07 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.78 |
0.35 |
0.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
2.65 |
1.17 |
0.36 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.45 |
1.45 |
1.47 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.99 |
0.90 |
0.98 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.29 |
0.30 |
0.30 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.61 |
3.29 |
3.35 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.45 |
1.45 |
1.47 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
4.100 |
4.100 |
4.100 |
|
Reserves & Surplus |
37.690 |
38.184 |
39.337 |
|
Net
worth |
41.790 |
42.284 |
43.437 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
13.724 |
13.473 |
14.820 |
|
Total
borrowings |
13.724 |
13.473 |
14.820 |
|
Debt/Equity
ratio |
0.328 |
0.319 |
0.341 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
211.002 |
216.968 |
257.920 |
|
|
|
2.827 |
18.875 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
211.002 |
216.968 |
257.920 |
|
Profit |
0.152 |
0.493 |
1.153 |
|
|
0.07% |
0.23% |
0.45% |
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 |
Yes |
|
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 (As per site visit) |
Yes |
|
17] |
Details of sister concerns |
Yes |
|
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 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 |
|
OBSERVATION
POINTS |
|
Name of Company : |
GLOBE TROTTERS PRIVATE LIMITED |
|
|
|
|
Address : |
501, Jaisingh Business Centre, 119 Sahar Road, Andheri (East), Mumbai-400099, Maharashtra, India |
|
|
|
|
Person to whom we met: |
Ms. Samruddhi |
|
|
|
|
Designation : |
Admin Executive |
|
|
|
|
Name Board : |
Not Sighted (Sighted name board group company i.e. “Concept Group”) |
|
|
|
|
Location: |
Easy |
|
|
|
|
Total Floors of the building: |
6 |
|
|
|
|
Subject situated at : |
5 Floor |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area : |
Downmarket |
|
|
|
|
No. of Employees
seen at Premises : |
7 |
|
|
|
|
Visibility of
Items: |
· Telephone · Computers · Air Conditioner · Office Equipment · Xerox Machine |
|
|
|
|
Proof of visit: |
Photographs |
GENERAL INFORMATION: (As
on 31.03.2013)
The company was established in the year 1983 by Muttreja Group which was taken over by the present management in the year 1991. The company currently operates through its facilities at Chitegaon, Aurangabad. The company is engaged in the business of pharmaceuticals and related activities
OPERATIONS (As on
31.03.2013)
The Company has achieved a sales turnover of INR 257.920 million as against INR 216.968 million in the previous year.
INDEX OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B71440416 |
10390260 |
Dena Bank |
12/10/2012 |
01/02/2013 |
- |
34000000.0 |
CORPORATE BUSINESS BRANCH, C-10, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST) MUMBAI MH 400051 IN |
|
2 |
Y10325115 |
90222324 |
THE LAKSHMI VILAS BANK LIMITED |
29/04/1994 |
- |
- |
23000000.0 |
64. V. B. GANDHI MARG KALAGHODA FORT MUMBAI MH 40000 1IN |
|
3 |
Y10325052 |
90222261 |
THE LAKSHMI VILAS BANK LIMITED |
04/12/1993 |
05/12/1996 |
- |
16500000.0 |
64. V. B. GANDHI MARG KALAGHODA FORT MUMBAI MH 40000 1IN |
|
4 |
Y10325027 |
90222236 |
THE NORTH KANARA G. S. B. CO-OP BANK LIMITED |
11/10/1993 |
- |
- |
6500000.0 |
BOMBAY BOMBAY MH 400004 IN |
|
5 |
Y10325023 |
90222232 |
THE M. S. F. C. LTD |
28/09/1993 |
- |
- |
7300000.0 |
NEW EXCELSIOR BUILDING A. K. NAYAK MARG BOMBAY MH 400001 IN |
|
6 |
Y10324955 |
90222164 |
THE NORTH KANARA G. S. B. CO-OP BANK LIMITED |
20/03/1993 |
- |
- |
900000.0 |
BOMBAY BOMBAY MH 400004 IN |
|
7 |
Y10324944 |
90222153 |
THE M. S. F. C. |
22/02/1993 |
- |
- |
5000000.0 |
NEW EXCELSIOR BUILDING A. K. NAYAK MARG BOMBAY MH 400001 IN |
|
8 |
Y10324906 |
90222115 |
BANK OF INDIA |
20/11/1992 |
- |
- |
2500000.0 |
KALINA BRANCH; ARVIRD NEARKALINA KURLA ROADBOMBAYMH400029IN |
|
9 |
Y10324858 |
90222067 |
OMAN INTERNATIONAL BANK |
19/06/1992 |
10/12/1994 |
- |
15000000.0 |
SAOG; MITTAL CURTNARIMAN POINTBOMBAYMH400021IN |
|
10 |
A01679513 |
90221735 |
UNION BANK OF INDIA |
14/03/1990 |
- |
09/06/2006 |
0.0 |
LA-AVANTI JN. S. V. ROADMAIN AVENUE; SANTACRUZ (W)BOMBAYMH400054IN |
CONTINGENT
LIABILITIES: (As on 31.03.2013)
Guarantees given are INR 353.140 Million (Rs. 340.180 Million)
For letter of credits INR 16.156 (INR Nil)
The disputed liability under the Income Tax Act is INR 1.848
Million (INR 0.350 Million)
The disputed liability with Octroi department is INR 0.042 Million (INR 0.042 Million), paid under protest INR 0.042 Million (INR 0.042 Million) shown under Loans and Advances.
FIXED ASSETS
- Factory Land
- Factory Building
- Furniture and
Fixture and Fittings
- Plant and
Machinery and Equipment’s
- Electrical
Installation
- Vehicles
- 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, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records 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
|
INR |
|
US Dollar |
1 |
INR 64.03 |
|
UK Pound |
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.73 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·