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|
|
%20PRIVATE%20LIMITED%20-%20492305%2017-Feb-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20492305%2017-Feb-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20492305%2017-Feb-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
492305 |
|
Report Date : |
17.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
HOME STUDIO (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.1, SJR Primus, 7th & 8th Floor, Industrial Layout, Koramangala, 7th Block, Bangalore – 560095, Karnataka |
|
Tel. No.: |
91-80-40208208 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
22.11.2004 |
|
|
|
|
Com. Reg. No.: |
08-035065 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74994KA2004PTC035065 |
|
|
|
|
IEC No.: |
0706002989 |
|
|
|
|
GSTIN No.: |
29AABCH6832R1ZV |
|
|
|
|
TIN No.: |
29860496179 |
|
|
|
|
Service Tax No.: |
AABH6832R5D00 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCH6832R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
|
|
|
|
|
No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 25000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2004 and it is having satisfactory track records. It is engaged as manufacturer and seller of furniture’s. For the financial year 2017, the company has increased its revenue from operation by 16.90% as compared to previous year and maintained average profitability margin of 3.38%. General financial position of the company seems to sound and acceptable along with comfortable liquidity position. Further, rating also reflects from its long standing track records of business operation with market position, improvement in the revenue profile during the year and achieved fair profit which has wiped out some part of its accumulated losses. However, rating strength is partially offset by excess of borrowing recorded and intense competition from industry. Trade relations are reported as fair. Business is active. Payments are seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. NOTE: Site visit was conducted at the address which you have provided. Our executive has successfully traced the company on the given address. At the premises our executive met to Ms. Nashima (Office Executive) and she provided contact details i.e. 022-24932305. As per our executive observation, location of the company is easy to find. It is 9 storey building and company is situated on ground floor. Locality appears to be commercial. Area seems to be upmarket. Area of the premises was 2300 (sq. ft. approximately) and 04 employees were sighted into premises. Our executive has sighted name board of “Nolte” which is a brand name of the company. |
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
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 17.02.2018.
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 PARTED BY
|
Name : |
Mr. Shahid Shaikh |
|
Designation : |
Project Head – India |
|
Contact No.: |
91-9819185745 |
|
Date : |
16.02.2018 |
LOCATIONS
|
Registered Office: |
No.1, SJR Primus, 7th & 8th Floor, Industrial Layout, Koramangala, 7th Block, Bangalore – 560095, Karnataka, India |
|
Tel. No.: |
91-80-40208208 |
|
Mobile No.: |
91-9819185745 [Mr. Shahid Shaikh] |
|
Fax No.: |
91-80-40280210 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000 Sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Branch Showroom : |
#5, Ground Floor, Raghuvanshi Mansion, Raghuvanshi Mill Compound,
Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Maharashtra,
India |
|
Area : |
2300 Sq. Ft. |
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office : |
#61, 5th A Block, SJR Balavana, Koramangala, Bangalore
- 560034, Karnataka, India |
|
E-Mail : |
|
|
|
|
|
Factory: |
Located at:
|
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Jayarama Reddy Boopesh Reddy |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
No. 13/6, 37th Cross, 8th Block Jayanagar, Bangalore – 560082, Karnataka, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.08.1972 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.11.2004 |
||||||||||||||||||||||||||||||||||||
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DIN No.: |
00455935 |
||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Deepa Boopesh |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
#13, 37th Cross, 8th Block, Jayanagar, Bangalore – 560082, Karnataka, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.06.1978 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.09.2012 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01385097 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Shahid Shaikh |
|
Designation : |
Project Head – India |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Jayarama Reddy Boopesh Reddy |
50000 |
50.00 |
|
Deepa Boopesh |
50000 |
50.00 |
|
Total |
100000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20492305%2017-Feb-2018_files/image019.gif)
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
|
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
NOLTE |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
|||||
|
Products : |
Furniture |
||||
|
Countries : |
Germany |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C, Advance Payment, Cheque and Credit [30,60 90 Days] |
||||
|
|
|
||||
|
Purchasing : |
L/C, Advance Payment, Cheque and Credit [30,60 90 Days] |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers and End Users
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
No. of Employees : |
120 (Approximately) |
||||||||||||||||||||||
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|
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Dinesh and Associates Chartered Accountants |
|
Address : |
Mr.Dinesh B S, No 1371,31st B Cross, Jayanagar, 4th Block, Bangalore – 560041, Karnataka, India |
|
PAN No.: |
AAKPB8558L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 100/- each |
INR 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 100/- each |
INR 10.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
10.000 |
10.000 |
10.000 |
|
(b) Reserves &
Surplus |
(1.303) |
(13.376) |
(25.964) |
|
(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) |
8.697 |
(3.376) |
(15.964) |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
5.701 |
|
(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 |
5.701 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
45.929 |
29.323 |
27.029 |
|
(b) Trade payables |
77.232 |
20.071 |
13.699 |
|
(c) Other current
liabilities |
161.039 |
155.803 |
167.089 |
|
(d) Short-term provisions |
5.239 |
5.088 |
4.675 |
|
Total Current Liabilities
(4) |
289.439 |
210.285 |
212.492 |
|
|
|
|
|
|
TOTAL |
298.136 |
206.909 |
202.229 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
45.212 |
13.157 |
21.638 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
45.212 |
13.157 |
21.638 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
188.516 |
142.515 |
134.528 |
|
(c) Trade receivables |
39.998 |
18.771 |
17.436 |
|
(d) Cash and cash
equivalents |
17.961 |
9.281 |
4.250 |
|
(e) Short-term loans and
advances |
0.000 |
1.817 |
3.730 |
|
(f) Other current assets |
6.449 |
21.368 |
20.647 |
|
Total Current Assets |
252.924 |
193.752 |
180.591 |
|
|
|
|
|
|
TOTAL |
298.136 |
206.909 |
202.229 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
356.798 |
305.192 |
268.895 |
|
|
Other Income |
4.511 |
0.391 |
22.962 |
|
|
TOTAL |
361.309 |
305.583 |
291.857 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases and Direct
Expenses |
255.334 |
174.711 |
180.664 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(46.001) |
(7.987) |
(9.779) |
|
|
Employees benefits
expense |
52.178 |
43.075 |
35.520 |
|
|
Selling and Distribution
Expenses |
18.973 |
28.984 |
33.695 |
|
|
Other expenses |
41.149 |
37.037 |
30.837 |
|
|
TOTAL |
321.633 |
275.820 |
270.937 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
39.676 |
29.763 |
20.920 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
6.491 |
4.559 |
3.430 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
33.185 |
25.204 |
17.490 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
17.566 |
8.580 |
5.145 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
15.619 |
16.624 |
12.345 |
|
|
|
|
|
|
|
Less |
TAX |
3.546 |
3.389 |
2.561 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
12.073 |
13.235 |
9.784 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
225.957 |
142.893 |
NA |
|
|
TOTAL IMPORTS |
225.957 |
142.893 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
121.00 |
132.000 |
98.00 |
Expected Sales (2017-2018): INR 360.000 Million
The above information has been parted by Mr. Shahid Shaikh [Project Head
– India]
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow operations |
66.637 |
7.271 |
(23.515) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
40.92 |
22.45 |
23.67 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
8.92 |
16.26 |
15.42 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
110.40 |
41.93 |
27.68 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.21 |
0.21 |
0.16 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.88 |
2.26 |
0.97 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.97 |
1.02 |
1.08 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
5.28 |
(8.69) |
(2.05) |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
33.28 |
(62.29) |
(13.31) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
5.20 |
(3.90) |
(1.36) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
6.11 |
6.53 |
6.10 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
3.38 |
4.34 |
3.64 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.05 |
6.40 |
4.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
138.82 |
(392.03) |
(61.29) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.87 |
0.92 |
0.85 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.22 |
0.24 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.03 |
(0.02) |
(0.08) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
4.59 |
2.93 |
3.27 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.87 |
0.92 |
0.85 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
(25.964) |
(13.376) |
(1.303) |
|
Net
worth |
(15.964) |
(3.376) |
8.697 |
|
|
|
|
|
|
Long Term borrowings |
5.701 |
0.000 |
0.000 |
|
Short Term borrowings |
27.029 |
29.323 |
45.929 |
|
Total
borrowings |
32.730 |
29.323 |
45.929 |
|
Debt/Equity
ratio |
(2.050) |
(8.686) |
5.281 |
%20PRIVATE%20LIMITED%20-%20492305%2017-Feb-2018_files/image020.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
268.895 |
305.192 |
356.798 |
|
|
|
13.499 |
16.909 |
%20PRIVATE%20LIMITED%20-%20492305%2017-Feb-2018_files/image021.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
268.895 |
305.192 |
356.798 |
|
Profit |
9.784 |
13.235 |
12.073 |
|
|
3.64% |
4.34% |
3.38% |
%20PRIVATE%20LIMITED%20-%20492305%2017-Feb-2018_files/image022.gif)
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
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 |
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 |
Note: The registered address of the company has been shifted from “No.93/3, 29th Main, 1st Stage, BTM Layout, Bangalore – 560068, Karnataka, India” to the present registered address w.e.f. 03.12.2008.
|
OBSERVATION POINTS |
|
Name of Company : |
HOME STUDIO (INDIA) PRIVATE LIMITED |
|
|
|
|
Address : |
#5, Ground Floor, Raghuvanshi Mansion, Raghuvanshi Mill Compound,
Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Maharashtra |
|
|
|
|
Contact No.: |
91-22-24932305 |
|
|
|
|
Person to whom we met: |
Ms. Nashima |
|
|
|
|
Designation : |
Office Executive |
|
|
|
|
Name Board : |
Sighted [Sighted name board of “Nolte” which is a brand name of
the company.] |
|
|
|
|
Location: |
Easy |
|
|
|
|
Total Floors of the building: |
9 Floors |
|
|
|
|
Subject situated on: |
Ground Floor |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area of premises : |
2300 Sq. Ft. |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
No. of employees seen at premises: |
4 (Approximately) |
|
|
|
|
Visibility of Items: |
·
Telephone ·
Computers ·
Air Conditioner ·
Office Equipment |
|
|
|
|
Furniture Item
Sighted: |
Yes |
|
|
|
|
Proof of visit: |
Photograph |
PERFORMANCE REVIEW:
Operational results for the year have shown a reasonable increase in turnover. During the financial year, the Company has recorded turnover of INR 356.798 million as against the previous year turnover of INR 305.192. There is an increase in turnover by 16.91% as compared to previous year and the Company has recorded the Net profit after tax is INR 12.073 million, Directors are making all efforts to ensure optimal operational results in coming years and achieving higher margins. Directors are putting effort to control the cost and there by improve the profitability in line with the increase in the revenue.
STATEMENT OF
INCOME
A.Y. 2016-2017
[PREVIOUS YEAR 2015-2016]
[INR
in Million]
|
Particulars |
Amount |
Amount |
Amount |
|
Profits and gains of business or profession |
|
|
|
|
Business 1 |
|
|
|
|
Net Profit Before Tax as per P & L a/c |
|
16.624 |
|
|
Add: Inadmissible expenses and Income not included |
|
|
|
|
Depreciation debited to P & L a/c |
8.580 |
|
|
|
43B Disallowance |
0.165 |
8.745 |
|
|
|
|
25.369 |
|
|
|
|
|
|
|
Less: Deductible expenditure ad Income to be excluded Incomes considered separately |
|
0.109 |
|
|
Adjusted Profit from Business 1 |
|
25.260 |
|
|
Total income from Business and Profession |
|
25.260 |
|
|
Less: Depreciation as per IT Act |
|
3.464 |
|
|
Income chargeable under the head “Business” |
|
|
21.796 |
|
|
|
|
|
|
Income from other sources |
|
|
|
|
Bank Interest |
|
0.109 |
|
|
Income chargeable under the head “Other sources” |
|
|
0.109 |
|
|
|
|
|
|
Total |
|
|
21.905 |
|
Less – Brought forward losses set off |
|
|
14.729 |
|
Total Income |
|
|
7.176 |
|
Total income rounded off u/s 288A |
|
|
7.176 |
|
|
|
|
|
|
Tax on total income |
|
|
2.153 |
|
Add: Education cess |
|
|
0.064 |
|
Tax with cess |
|
|
2.217 |
|
Minimum Alternative Tax |
|
3.390 |
|
|
Tax credit C/F u/s 115JAA |
4.639 |
0.000 |
|
|
Tax payable u/sJB |
|
|
3.390 |
|
Net Tax |
|
|
3.390 |
|
|
|
|
|
|
TDS |
|
0.259 |
|
|
Advance Tax |
|
1.500 |
|
|
Total prepaid taxes |
|
|
1.759 |
|
Balance Tax |
|
|
1.631 |
|
Interest u/s 234B |
|
0.114 |
|
|
Interest u/s 234C |
|
0.143 |
0.257 |
|
Net tax Payable |
|
|
1.888 |
|
Self-assessment tax paid |
|
|
1.888 |
|
Balance tax payable |
|
|
0.000 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C22082283 |
10521600 |
ING VYSYA BANK LIMITED |
18/08/2014 |
- |
40000000.0 |
233,9TH MAIN ROAD,III BLOCK, JAYANAGAR, BANGALORE – 560011, KARNATAKA, INDIA |
|
2 |
B27550581 |
10133450 |
ING VYSYA BANK LIMITED |
10/12/2008 |
08/12/2011 |
35000000.0 |
JAYANAGAR BR, 233, 9TH MAIN ROAD, III BLOCK, JAYANAGAR, BANGALORE – 560011, KARNATAKA, INDIA |
FIXED ASSETS:
Tangible Assets
·
Computer and Accessories
·
Vehicles
·
Office Equipment
·
Motor Car
·
Electrical Installment
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 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 63.91 |
|
|
1 |
INR 80.17 |
|
Euro |
1 |
INR 90.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVT |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
GEET |
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.