|
|
|
MIRA INFORM REPORT
|
Report No. : |
486554 |
|
Report Date : |
17.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
MXC SOLUTIONS INDIA PRIVATE LIMITED [w.e.f.12.08.2009] |
|
|
|
|
Formerly Known
As : |
KAYMO FASTENER COMPANY PRIVATE LIMITED |
|
|
|
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Registered
Office : |
C/O Suraj Sanghi Service Centre, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra |
|
Tel. No.: |
91-22-61291700 |
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|
|
|
Country : |
India |
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|
|
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Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of Incorporation
: |
28.04.2000 |
|
|
|
|
Com. Reg. No.: |
11-126237 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 338.801 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900MH2000PTC126237 |
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|
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IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK6981G |
|
|
|
|
GST No.: |
27AABCK6981G1Z9 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject Runs CarTrade.com an Online Auto Classifieds and Content Site and Car Trade Exchange, which helps New and Used Car Dealers to run their Business. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 28058111 |
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|
|
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Status : |
Satisfactory |
|
|
|
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Payment Behaviour : |
Usually Correct |
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|
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2000 and it is having satisfactory track. It operates an online auctions platform to buy and sell new and used vehicles and brand of “CarTrade.com”. The company platform also provides listings and enquiries of customers wanting to purchase new and used vehicles. As per Registrar Of Companies the date of balance sheet (i.e. financial filed) is shown as 31-03-2017 but the documents related to the financial for the year 2017 are not available from any sources. The company has strong financial base along with healthy networth base and debt free balance sheet. The company also derives strength from its experienced and resourceful promoters, well-established track record of business operations and market position. Further, the company has injected regular funding and capital that will be used to support CarTrade's growth plans through acquisitions, expansion into new areas such as auto finance and to further sharpen CarTrade's services to consumers, dealers and OEMs. However, rating strength is partially offset due to losses incurred by the company from last 2 years of its business operations. Trade relations are reported as fair. Business is active. Payments are usually correct. The company can be considered for business dealings at usual trade terms and condition. |
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 17.01.2018
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.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE [91-22-61291700]
LOCATIONS
|
Registered Office : |
C/O Suraj Sanghi Service Centre, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India |
|
Tel. No.: |
91-22-61291700 |
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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 : |
Lloyds Centre Point, 1st Floor, Above Tata Motors Showroom, Unit No. 11 & 12, 1096A, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025,Maharashtra, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Hemant Hans Raj Luthra |
||||||||||||||||||||||||||||||||||
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Designation : |
Nominee Director |
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Address : |
D-10, 4th Floor, Sea Face Park, 50, B Desai Road, Mumbai-400026, Maharashtra, India |
||||||||||||||||||||||||||||||||||
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Date of Appointment : |
16.12.2016 |
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DIN No.: |
00231420 |
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||||||||||||||||||||||||||||||||||
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Name : |
Mr. Vinay Vinod Sanghi |
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Designation : |
Wholetime Director |
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Address : |
20 Mistry Court, Dinshaw Vacha Road, Churchgate, Mumbai-400020, Maharashtra, India |
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Date of Appointment : |
06.07.2009 |
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DIN No.: |
00309085 |
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||||||||||||||||||||||||||||||||||
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Name : |
Mr. Rajan Jitendra Mehra |
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Designation : |
Director |
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Address : |
5-A, Premkutir, 177 Marine Drive, Mumbai-400020, Maharashtra, India |
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Date of Birth/Age : |
19.02.1969 |
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Qualification : |
MBA |
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Date of Appointment : |
06.07.2009 |
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DIN No.: |
00504892 |
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||||||||||||||||||||||||||||||||||
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Name : |
Mr. Sumant Mandal |
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|
Designation : |
Nominee Director |
||||||||||||||||||||||||||||||||||
|
Address : |
2215 California Avenue, Santa Monica Ca90403 US |
||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
31.07.1969 |
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|
Qualification : |
MBA |
||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
04.08.2015 |
||||||||||||||||||||||||||||||||||
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DIN No.: |
01298049 |
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|
||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Avneet Singh Kochar |
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|
Designation : |
Nominee Director |
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|
Address : |
234 Awho Piru Puram, Ambabari, Jaipur-302012, Rajasthan, India |
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Date of Birth/Age : |
16.12.1975 |
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Qualification : |
MBA |
||||||||||||||||||||||||||||||||||
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Date of Appointment : |
04.08.2015 |
||||||||||||||||||||||||||||||||||
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DIN No.: |
02415196 |
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|
||||||||||||||||||||||||||||||||||
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Name : |
Mr. Victor Anthony Perry III |
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Designation : |
Director |
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Address : |
3633 Tuxedo Road, Nw Atlanta Georgia 303051015 US |
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Date of Birth/Age : |
14.08.1953 |
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Qualification : |
MBA |
||||||||||||||||||||||||||||||||||
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Date of Appointment : |
22.10.2014 |
||||||||||||||||||||||||||||||||||
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DIN No.: |
06992828 |
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|
||||||||||||||||||||||||||||||||||
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Name : |
Mr. Siddharth Narayan |
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Designation : |
Nominee Director |
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|
Address : |
Flat No 81, Mehr-Dad Cuffe Parade, Mumbai-400005, Maharashtra, India |
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Date of Appointment : |
21.12.2017 |
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DIN No.: |
08015923 |
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KEY EXECUTIVES
|
Name : |
Mr. Lalbahadur Deepnarayan Pal |
|
Designation : |
Company Secretary |
|
Address : |
Room No. 4, Ashtavinayak CHL, Near Pooja Medical, Bundar Pakhadi Road, Dhanukarwadi, Kandivali [West], Mumbai 400067, Maharashtra, India |
|
Date of Birth/Age : |
10.01.1991 |
|
Qualification : |
M Com, CS |
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Date of Appointment : |
26.10.2015 |
|
PAN No.: |
BAEPP1259B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Public/Other than promoters – Individual/ Hindu Undivided Family – Indian |
5.08 |
|
Public/Other than promoters – Individual/ Hindu Undivided Family – Foreign national (other than NRI) |
7.77 |
|
Public/Other than promoters – Foreign institutional investors |
34.93 |
|
Public/Other than promoters – Body Corporate |
20.30 |
|
Public/Other than promoters – Others [Director and Relative] |
31.92 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject Runs CarTrade.com an Online Auto Classifieds and Content Site and Car Trade Exchange, which helps New and Used Car Dealers to run their Business. [Registered Activity] |
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Products : |
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||||
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||||
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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||||
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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 : |
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||||
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Selling : |
Not Divulged |
||||
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|
|
||||
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: [NOT AVAILABLE]
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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||||||||||||||||||||||
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
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Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins & Sells LLP Chartered Accountants |
|
Address : |
Tower 3, 27th -32nd Floor, Indiabulls Finance Centre, Senapati Bapat Marg, Elphinstone (West), Mumbai - 400013, Maharashtra, India |
|
PAN No.: |
AACFD4815A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Company : |
Automotive Exchange Private Limited
[U72200MH2003PTC244158] |
CAPITAL STRUCTURE
AS ON: 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8500000 |
Equity Shares |
INR 10/- each |
INR 85.000 Million |
|
36700000 |
Preference Shares |
INR 10/- each |
INR 367.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 452.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3449303 |
Equity Shares |
INR 10/- each |
INR 34.493
Million |
|
34903315 |
Preference Shares |
INR 10/- each |
INR 349.033
Million |
|
|
|
|
|
|
|
Total |
|
INR 383.526
Million |
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
INR 10/- each |
INR 70.000 Million |
|
32700000 |
Preference Shares |
INR 10/- each |
INR 327.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 397.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3156753 |
Equity Shares |
INR 10/- each |
INR 31.567
Million |
|
30723379 |
Preference Shares |
INR 10/- each |
INR 307.234
Million |
|
|
|
|
|
|
|
Total |
|
INR 338.801
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
338.801 |
174.806 |
114.151 |
|
(b) Reserves & Surplus |
9481.138 |
1485.094 |
395.926 |
|
(c) Money received against share warrants |
0.400 |
0.400 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
9820.339 |
1660.300 |
510.077 |
|
|
|
|
|
|
(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 |
62.762 |
40.575 |
29.057 |
|
(d)
long-term provisions |
14.559 |
9.708 |
3.557 |
|
Total
Non-current Liabilities (3) |
77.321 |
50.283 |
32.614 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
83.766 |
86.808 |
20.707 |
|
(c)
Other current liabilities |
24.786 |
21.389 |
6.016 |
|
(d)
Short-term provisions |
2.961 |
0.514 |
0.152 |
|
Total
Current Liabilities (4) |
111.513 |
108.711 |
26.875 |
|
|
|
|
|
|
TOTAL |
10009.173 |
1819.294 |
569.566 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
8.796 |
5.549 |
3.927 |
|
(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 |
6720.051 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
29.289 |
17.065 |
7.501 |
|
(e)
Other Non-current assets |
0.389 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
6758.525 |
22.614 |
11.428 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
1547.123 |
1404.805 |
507.054 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
82.558 |
35.126 |
22.642 |
|
(d)
Cash and cash equivalents |
53.587 |
276.655 |
11.776 |
|
(e)
Short-term loans and advances |
1549.140 |
80.094 |
16.666 |
|
(f)
Other current assets |
18.240 |
0.000 |
0.000 |
|
Total
Current Assets |
3250.648 |
1796.680 |
558.138 |
|
|
|
|
|
|
TOTAL |
10009.173 |
1819.294 |
569.566 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
230.146 |
145.172 |
111.295 |
|
|
|
Other Income |
159.347 |
82.182 |
53.449 |
|
|
|
TOTAL |
389.493 |
227.354 |
164.744 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
428.293 |
220.406 |
103.725 |
|
|
|
Other expenses |
1327.580 |
681.452 |
173.195 |
|
|
|
TOTAL |
1755.873 |
901.858 |
276.920 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(1366.380) |
(674.504) |
(112.176) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
1.279 |
0.139 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(1366.380) |
(675.783) |
(112.315) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.519 |
4.372 |
1.243 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(1372.899) |
(680.155) |
(113.558) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.182 |
(0.088) |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(1373.081) |
(680.067) |
(113.558) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Other income |
4.034 |
5.747 |
0.000 |
|
|
TOTAL EARNINGS |
4.034 |
5.747 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
(343.98) |
(219.37) |
(37.17) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
(1654.863) |
(734.680) |
(162.622) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(1667.758) |
(740.705) |
(165.323) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
130.93 |
88.32 |
74.26 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.79 |
4.13 |
4.92 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(155.34) |
(121.55) |
(28.57) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.01 |
0.06 |
0.05 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.01 |
0.07 |
0.05 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.00 |
0.00 |
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
(527.37) |
(807.02) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(596.61) |
(468.46) |
(102.03) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(13.72) |
(37.38) |
(19.94) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(13.98) |
(40.96) |
(22.26) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
29.15 |
16.53 |
20.77 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
29.15 |
16.53 |
20.77 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.98 |
0.91 |
0.90 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
29.15 |
16.53 |
20.77 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
114.151 |
174.806 |
338.801 |
|
Reserves & Surplus |
395.926 |
1485.094 |
9481.138 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
510.077 |
1659.900 |
9819.939 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
111.295 |
145.172 |
230.146 |
|
|
|
30.439 |
58.533 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
111.295 |
145.172 |
230.146 |
|
Profit/ (Loss) |
(113.558) |
(680.067) |
(1373.081) |
|
|
(102.03%) |
(468.46%) |
(596.61%) |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
|
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
338.801 |
|
(b) Reserves & Surplus |
|
|
9377.464 |
|
(c) Money received against share warrants |
|
|
0.400 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
9716.665 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c)
Other long term liabilities |
|
|
62.762 |
|
(d)
long-term provisions |
|
|
27.153 |
|
Total
Non-current Liabilities (3) |
|
|
89.915 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
|
71.082 |
|
(b)
Trade payables |
|
|
155.449 |
|
(c)
Other current liabilities |
|
|
66.531 |
|
(d)
Short-term provisions |
|
|
4.944 |
|
Total
Current Liabilities (4) |
|
|
298.006 |
|
|
|
|
|
|
TOTAL |
|
|
10104.586 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
57.566 |
|
(ii)
Intangible Assets |
|
|
7864.906 |
|
(iii)
Capital work-in-progress |
|
|
0.471 |
|
(iv) Intangible assets under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
0.000 |
|
(c) Deferred tax assets
(net) |
|
|
0.000 |
|
(d) Long-term Loan
and Advances |
|
|
80.152 |
|
(e)
Other Non-current assets |
|
|
0.101 |
|
Total
Non-Current Assets |
|
|
8003.196 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
|
1547.223 |
|
(b)
Inventories |
|
|
0.000 |
|
(c)
Trade receivables |
|
|
173.748 |
|
(d)
Cash and cash equivalents |
|
|
70.592 |
|
(e)
Short-term loans and advances |
|
|
275.005 |
|
(f)
Other current assets |
|
|
34.822 |
|
Total
Current Assets |
|
|
2101.390 |
|
|
|
|
|
|
TOTAL |
|
|
10104.586 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
|
322.778 |
|
|
|
Other Income |
|
|
139.174 |
|
|
|
TOTAL |
|
|
461.952 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
|
|
500.159 |
|
|
|
Other expenses |
|
|
1424.515 |
|
|
|
TOTAL |
|
|
1924.674 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
|
(1462.722) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
0.288 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
(1463.010) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
13.562 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
|
(1476.572) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.183 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
|
(1476.755) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
|
|
(467.82) |
|
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 |
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 |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
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 |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
CHANGE OF ADDRESS:
The Registered address of the company has been shifted from 2nd floor,
Landmark Building, 554, Dr. G.M. Bhosale Marg, Worli, Mumbai-400018,
Maharashtra, India to the present address w.e.f 16.03.2012
CORPORATE
INFORMATION
Subject commenced operations in August 2009. The Company runs CarTrade.com an online auto classifieds and content site and Car Trade Exchange, which helps new and used car dealers to run their business.
FIXED ASSETS:
· Furniture and fixtures
· Office equipment
· Computer equipments
PRESS RELEASE
AUTO CLASSIFIEDS
PORTAL CARTRADE ACQUIRES VEHICLE INSPECTION FIRM
04.05.2017
Mumbai-based MXC Solutions India Pvt. Ltd, which operates online automobile classifieds platform CarTrade.com, has acquired vehicle inspection firm Adroit Technical Private Services Pvt. Ltd, a top executive told VCCircle.
Adroit will continue to operate as a separate entity, said Car Trade CEO Vinay Sanghi. He refused to divulge the deal value.
The acquisition comes three months after Car Trade raised INR 3700.000 million ($55 million) led by existing investor Temasek Holdings, the Singapore government’s investment arm, and a US family office.
“Car Trade has a significant used-car certification business and Adroit makes for a very synergistic fit. In the journey of ownership of a car, there arises multiple needs for a consumer and this solves one piece of the puzzle,” said Sanghi.
Car Trade is also evaluating two-three companies for potential acquisitions and may strike a deal in three to six months’ time. Sanghi refused to disclose the identity of the companies and the segments they operate in.
“We always look for acquisitions in areas where we think we can add value to the customer,” he said.
Ghaziabad, Uttar Pradesh-based Adroit was founded in 2015 by Himanshu Lohiya, Mukesh K Gupta and Puneet Tyagi. It has 300 inspectors and is likely to inspect 1 million vehicles this year, according to a company statement.
Adroit offers inspection services for vehicles, and valuation services for vehicles, real estate as well as plant and machinery. Besides, it provides project management and consulting services, its website shows.
Car Trade was founded in 2009 by Sanghi, former chief executive of Mahindra First Choice. Rajan Mehra, managing director at Nirvana Venture Advisors and former country head of eBay India, is also a founder-director at the company. Car Trade originally started off as an online marketplace for used cars. In 2015, it acquired Car wale for an undisclosed sum, after which the platform began to list and facilitate the sale of both new and used cars.
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 63.76 |
|
UK Pound |
1 |
INR 87.91 |
|
Euro |
1 |
INR 78.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
RUP |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.