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|
MIRA INFORM REPORT
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Report No. : |
486472 |
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Report Date : |
16.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
CLOUDTAIL INDIA PRIVATE LIMITED [w.e.f. 22.08.2012] |
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Formerly Known
As : |
SPARROWHAWK SALES AND MARKETING PRIVATE LIMITED |
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Registered
Office : |
Ground Floor, Rear Portion, H-9, Block B- 1, Mohan Cooperative Industrial Area, Mathura Road, New Delhi - 110044 |
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Tel. No.: |
91-80-67729700 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
04.10.2011 |
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Com. Reg. No.: |
55-225840 |
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Capital
Investment / Paid-up Capital : |
INR 5000.000 Million |
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CIN No.: [Company Identification
No.] |
U51909DL2011PTC225840 |
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IEC No.: |
Not Available |
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GSTIN/UIN: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAQCS4259Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Company is primarily engaged in the business of trading in
goods on the e-commerce marketplace platform. [Registered Activity] |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Maximum Credit Limit : |
USD 1252000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a wholly owned subsidiary of “Prione Business Services Private
Limited” and was incorporated in the year 2011. As per the financial record of 2016, there has been massive growth in
its revenue but has incurred operational losses. The moderate financial profile of the company is marked by negative
reserve base due to huge accumulated losses along with negligible debt level.
However, rating takes into consideration equity infused by its
promoters. Rating also takes into consideration strong financial and managerial
support that company receives from its holding entity backed by its well
experience management team. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with some caution. Note: As per the Registrar of Companies date of balance sheet (i.e.
financial filed) is shown as 31.03.2017 but documents related to financial
for the year 31.03.2017 are not available from any sources. |
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 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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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 16.01.2018.
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.
LOCATIONS
|
Registered Office : |
Ground Floor Rear Portion, H-9, Block B- 1, Mohan Cooperative Industrial Area, Mathura Road, New Delhi – 110044, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Head Office: |
No. 2201, Bangalore World Trade Center, 22nd Floor, Brigade
Gateway Complex, Dr. Rajkumar Road, Malleshwaram (West) Bangalore – 560055,
Karnataka, India |
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Corporate Office : |
Divyashree Chambers, ‘B’ Wing, 6th & 7th Floor, #11 O’
Shaugnessy Road, Langford Town, Bangalore-560025, Karnataka, India |
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Tel. No.: |
91-80-67729700 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Abishek Laxminarayan |
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Designation : |
Director |
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Address : |
10, I St Main, Versova Layout C.V. Raman Nagar, Bangalore – 560093, Karnataka, India |
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Date of Birth/Age : |
06.09.1980 |
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Qualification: |
Computer Science and Economics, Cornell University (Ny, Usa) |
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Date of Appointment : |
22.09.2015 |
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DIN No.: |
00971669 |
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Other Directorship:
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Name : |
Mr. Nithyanandan Radhakrishnan |
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Designation : |
Director |
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Address : |
#716, 15th Main, Sector - 3 HSR, Layout, Bangalore – 560102, Karnataka, India |
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Date of Birth/Age : |
05.11.1975 |
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Qualification: |
BA LLB (Hons). |
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Date of Appointment : |
29.07.2014 |
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DIN No.: |
01965046 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Sumit Sahay |
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Designation : |
Chief Executive Officer |
|
Address : |
D- 704, Brigade Gateway, Dr. Rajkumar Road, Malleshwaram, Bangalore – 560055, Karnataka, India |
|
Date of Appointment : |
01.04.2017 |
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PAN No.: |
AGQPS1427F |
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Name : |
Ms. Sreenidhi Suresh Kumar |
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Designation : |
Company Secretary |
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Address : |
62/ C Viswas Flats Jayam, Jayalakshmi Street, Venkatesh Nagar Virugambakkam, Chennai – 600092, Tamilnadu, India |
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Date of Birth/Age : |
29.03.1989 |
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Qualification: |
Cs, Llb |
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Date of Appointment : |
21.01.2016 |
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PAN No.: |
CRZPS2181J |
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Name : |
Mr. Kapil Vinod Hathi |
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Designation : |
Chief Financial Officer |
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Address : |
1708/09, Jeevan Sapna Building, Behind Patel Nagar, M.G. Road, Extension-4, Kandivali (West), Mumbai – 400067, Maharashtra, India |
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Date of Birth/Age : |
11.09.1982 |
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Date of Appointment : |
21.01.2016 |
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PAN No.: |
ABNPH4414K |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Prione Business Services Private Limited, India |
499950000 |
99.90 |
|
Arjun R Narayanaswamy |
50000 |
0.10 |
|
Total |
500000000 |
100.00 |
AS ON 29.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Bodies corporate] |
99.99 |
|
Public/Other than promoters - [Individual/Hindu Undivided Family – Indian] |
0.01 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Company is primarily engaged in the business of trading in
goods on the e-commerce marketplace platform. [Registered Activity] |
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Products / Services
: |
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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 : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
S.R. Batliboi And Associates LLP Chartered Accountants |
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Address : |
12th & 13th Floor , "Ub City" Canberra Block, No.24 Vittal Mallya Road, Bangalore – 560001 , Karnataka, India |
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PAN No.: |
ACHFS9118A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
Prione Business Services Private Limited, India [CIN NO.: U74999DL2012PTC243682] |
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Ultimate holding
company: [As On 31.03.2016] |
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Other Related
Parties: [As On 31.03.2016] |
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CAPITAL STRUCTURE
AS ON 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000000 |
Equity Shares |
INR 10/- each |
INR 5000.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000000 |
Equity Shares |
INR 10/- each |
INR 5000.000 Million |
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FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
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|
I.
EQUITY AND LIABILITIES |
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|
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|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
5000.000 |
2930.000 |
0.100 |
|
(b) Reserves &
Surplus |
(619.550) |
(317.075) |
(0.091) |
|
(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) |
4380.450 |
2612.925 |
0.009 |
|
|
|
|
|
|
(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 |
0.003 |
|
(d) long-term provisions |
2.048 |
0.354 |
0.000 |
|
Total Non-current
Liabilities (3) |
2.048 |
0.354 |
0.003 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1500.000 |
0.000 |
0.000 |
|
(b) Trade payables |
5112.964 |
2130.649 |
0.222 |
|
(c) Other current
liabilities |
447.439 |
79.938 |
0.000 |
|
(d) Short-term provisions |
7.406 |
1.463 |
0.004 |
|
Total Current Liabilities
(4) |
7067.809 |
2212.050 |
0.226 |
|
|
|
|
|
|
TOTAL |
11450.307 |
4825.329 |
0.238 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
6.779 |
3.715 |
0.000 |
|
(ii) Intangible Assets |
24.216 |
7.441 |
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 |
1.030 |
0.030 |
0.030 |
|
(e) Other Non-current
assets |
0.180 |
0.180 |
0.206 |
|
Total Non-Current Assets |
32.205 |
11.366 |
0.236 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
9347.027 |
3019.148 |
0.000 |
|
(c) Trade receivables |
0.000 |
8.298 |
0.000 |
|
(d) Cash and cash
equivalents |
1200.185 |
1101.405 |
0.000 |
|
(e) Short-term loans and
advances |
285.130 |
246.559 |
0.002 |
|
(f) Other current assets |
585.760 |
438.553 |
0.000 |
|
Total Current Assets |
11418.102 |
4813.963 |
0.002 |
|
|
|
|
|
|
TOTAL |
11450.307 |
4825.329 |
0.238 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
45869.624 |
11390.517 |
0.000 |
|
|
Other Income |
42.713 |
63.887 |
0.015 |
|
|
TOTAL |
45912.337 |
11454.404 |
0.015 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
47546.139 |
13875.322 |
0.000 |
|
|
Changes in inventories of
finished goods work-in-progress and Stock-in-Trade |
(6327.879) |
(3019.148) |
0.000 |
|
|
Employees benefits
expense |
182.038 |
34.658 |
0.000 |
|
|
Other expenses |
4751.044 |
871.365 |
0.024 |
|
|
TOTAL |
46151.342 |
11762.197 |
0.024 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST TAX DEPRECIATION AND AMORTISATION
|
(239.005) |
(307.793) |
(0.009) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
49.561 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX DEPRECIATION AND AMORTISATION |
(288.566) |
(307.793) |
(0.009) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
13.909 |
2.736 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(302.475) |
(310.529) |
(0.009) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
6.455 |
0.005 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(302.475) |
(316.984) |
(0.014) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(0.76) |
(2.61) |
(1.40) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
(3336.043) |
(1790.608) |
(0.188) |
|
Net cash flows from (used in) operating activities |
(3439.475) |
(1873.577) |
(0.015) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
0.00 |
0.27 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
0.00 |
1372.68 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
39.25 |
56.05 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
(0.03) |
(0.10) |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
(7.71) |
(27.59) |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.62 |
0.46 |
0.95 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.34 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.61 |
0.85 |
25.11 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.01 |
0.00 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
(4.82) |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
(0.66) |
(2.78) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(2.64) |
(6.57) |
(5.88) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(6.91) |
(12.13) |
(155.56) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.62 |
2.18 |
0.01 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.29 |
0.81 |
0.01 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.38 |
0.54 |
0.04 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.30 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.62 |
2.18 |
0.01 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
0.100 |
2930.000 |
5000.000 |
|
Reserves & Surplus |
(0.091) |
(317.075) |
(619.550) |
|
Net
worth |
0.009 |
2612.925 |
4380.450 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
0.000 |
0.000 |
1500.000 |
|
Total
borrowings |
0.000 |
0.000 |
1500.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.342 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
|
Sales
|
11390.517 |
45869.624 |
|
|
|
302.700 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
|
Sales
|
11390.517 |
45869.624 |
|
Profit/
(Loss) |
(316.984) |
(302.475) |
|
|
(2.78%) |
(0.66%) |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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 |
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 |
Note: The registrar address
of the company has been shifted from “S - 405 (LGF), Greater Kailash – II, New
Delhi – 110048, India”
CORPORATE INFORMATION
Subject was incorporated on October 4, 2011 as a private limited company under the Companies Act, 1956 as Sparrowhawk Sales and Marketing Private Limited. The name of the Company was changed to Cloudtail India Private Limited on August 22, 2012. The registered office of the Company is located in New Delhi. The Company is primarily engaged in trading activities on e-commerce website.
STATE OF COMPANYS
AFFAIRS
The Company is primarily engaged in the business of trading in goods on the e-commerce marketplace platform. During the Financial Year ended 31st March, 2016, the Company had total revenue of INR 45912.337 Million (291.53% growth over previous year) and suffered a loss of INR 302.475 Million (reduction of 1.47% over previous year). The company is focused on building sustainable and repeatable processes with a continuous focus on bringing quality products at affordable pricing for its customers.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G04567269 |
10531578 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
19/11/2014 |
30/05/2016 |
7500000000.0 |
NO. 7, MAHATMA GANDHI ROAD, BANGALORE – 560001, KARNATAKA, INDIA |
FIXED ASSETS:
Tangible Assets
·
Furniture and Fixture
·
Office equipment
· Computer 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 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 63.41 |
|
|
1 |
INR 87.18 |
|
Euro |
1 |
INR 77.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
VRS |
|
|
|
|
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 |
YES |
|
--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.