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|
MIRA INFORM REPORT
|
Report No. : |
486817 |
|
Report Date : |
19.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ROOMSXML SOLUTIONS LIMITED |
|
|
|
|
Registered
Office : |
Nirankar, 1133/5, Fergusson College Road, Opposite Police Grounds,
Pune-411016, Maharashtra |
|
Tel. No.: |
91-20-65004942 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
08.01.2010 |
|
|
|
|
Com. Reg. No.: |
11-135291 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900PN2010PLC135291 |
|
|
|
|
IEC No.: |
Not Divulged |
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GSTIN: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNER11724G |
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|
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PAN No.: [Permanent Account No.] |
AAECR6349E |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Providing
of offline and online e-commerce
solutions for room bookings in all types of hotels, resorts, service
apartments, villas, homes etc. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
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 |
|
Status : |
Satisfactory |
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|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2010 and it is having
satisfactory track. 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
financials for the year 2017 are not available from any sources. As per available financials of 2016, the company has registered
decrease in its revenue from operation and maintained average profitability
margin of 2.60%. Rating takes into consideration sound financial profile of the company
marked by adequate networth base and debt free balance sheet. Further, rating also reflects company’s long standing track records of
business operation along with marginal improvement in the profitability
profile during the year. Trade relations are reported as fair. Business is active. Payments are
reported to be 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.
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 19.01.2018
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 DENIED
Management non co-operative (91-20-65004942)
LOCATIONS
|
Registered Office : |
Nirankar, 1133/5, Fergusson College Road, Opposite Police Grounds,
Pune-411016, Maharashtra, India |
|
Tel. No.: |
91-20-65004942/ 25662124 |
|
Fax No.: |
91-20-25662021 |
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E-Mail : |
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Website : |
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Overseas Offices
: |
Located at:
|
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Prakash Ramchandra Bang |
|
Designation : |
Managing Director |
|
Address : |
459, Sindh Housing Society, Aundh, Pune-411007, Maharashtra, India |
|
Date of Birth/Age : |
02.10.1956 |
|
Qualification : |
Degree
in Business Administration |
|
Date of Appointment : |
08.01.2010 |
|
DIN No.: |
00088837 |
|
PAN No.: |
AARPB9078N |
|
|
|
|
Name : |
Mr. Ruchir Prakash Bang |
|
Designation : |
Wholetime Director |
|
Address : |
459, Sindh Housing Society, Aundh, Pune-411007, Maharashtra, India |
|
Date of Birth/Age : |
27.08.1981 |
|
Qualification : |
Bachelor
of Commerce |
|
Date of Appointment : |
08.01.2010 |
|
DIN No.: |
00088900 |
|
PAN No.: |
AFAPB6829F |
|
|
|
|
Name : |
Mr. Anuj Prakash Bang |
|
Designation : |
Wholetime Director |
|
Address : |
459, Sindh Housing Society, Aundh, Pune-411007, Maharashtra, India |
|
Date of Birth/Age : |
02.09.1988 |
|
Qualification : |
Bachelor
of Commerce, PGDMM |
|
Date of Appointment : |
08.01.2010 |
|
DIN No.: |
02868129 |
|
PAN No.: |
ANWPB5792M |
KEY EXECUTIVES
|
Name : |
MRM Associate |
|
Designation : |
Company Secretary |
|
Address : |
1st Floor, Dnyan Sudha Apartments, 77, Vijaynagar Colony,
2147, Sadashiv Peth, Pune- 411030, Maharashtra, India |
|
Tel. No: |
91-20-24325075/ 24320368/ 24324288 |
|
Email: |
|
|
Website: |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Prakash Ramchandra Bang |
|
20300 |
|
Ruchir Prakash Bang |
|
10000 |
|
Anuj Prakash Bang |
|
10000 |
|
Vrunda Prakash Bang |
|
2400 |
|
Nupur Ruchir Bang |
|
2400 |
|
Rajesh Chandrakant Vaishnav |
|
2500 |
|
Malti Ramchandra Bang |
|
100 |
|
Mansi Anuj Bang |
|
2300 |
|
Total |
|
50000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
95.00 |
|
Public/Other than promoters
[Individual/Hindu Undivided Family (Indian)] |
5.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing
of offline and online e-commerce
solutions for room bookings in all types of hotels, resorts, service apartments,
villas, homes etc. [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 Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Auditors : |
|
|
Name : |
V. L. Jain and Company Chartered Accountants |
|
Address : |
4th Floor, Indradhnushya Apartments, Opposite Firodiya Hostels, BMCC Road, Pune – 411004, Maharashtra, India |
|
PAN No.: |
AAFFV9791A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries : |
·
ROOMSXML DMCC, United Arab Emirates |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives (As on 31.03.2016): |
·
Quiksel Communication, India ·
Websource Europe Limited, United Kingdom · Websource Technologies Limited, India |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 10/- each |
INR 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 10/- each |
INR 0.500 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 |
0.500 |
0.500 |
0.500 |
|
(b) Reserves and Surplus |
46.630 |
26.206 |
7.448 |
|
(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) |
47.130 |
26.706 |
7.948 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.588 |
1.446 |
|
(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 |
0.588 |
1.446 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
58.337 |
72.782 |
101.534 |
|
(c) Other
current liabilities |
17.890 |
49.636 |
51.411 |
|
(d) Short-term
provisions |
20.384 |
24.360 |
2.432 |
|
Total Current
Liabilities (4) |
96.611 |
146.778 |
155.377 |
|
|
|
|
|
|
TOTAL |
143.741 |
174.072 |
164.771 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
9.028 |
4.302 |
5.681 |
|
(ii)
Intangible Assets |
10.358 |
13.421 |
16.106 |
|
(iii) Tangible assets
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) |
0.086 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
8.391 |
6.968 |
3.823 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
27.863 |
24.691 |
25.610 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
14.801 |
0.854 |
0.854 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
31.384 |
23.202 |
21.306 |
|
(d) Cash and
bank balances |
56.552 |
85.054 |
95.799 |
|
(e)
Short-term loans and advances |
13.017 |
40.168 |
21.084 |
|
(f) Other
current assets |
0.124 |
0.103 |
0.118 |
|
Total
Current Assets |
115.878 |
149.381 |
139.161 |
|
|
|
|
|
|
TOTAL |
143.741 |
174.072 |
164.771 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
787.174 |
1323.077 |
1573.471 |
|
|
Other Income |
5.378 |
11.694 |
12.027 |
|
|
TOTAL |
792.552 |
1334.771 |
1585.498 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
47.276 |
38.993 |
21.448 |
|
|
Other expenses |
707.912 |
1260.518 |
1556.235 |
|
|
Prior period items |
0.054 |
0.000 |
0.000 |
|
|
TOTAL |
755.242 |
1299.511 |
1577.683 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
37.310 |
35.260 |
7.815 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
37.310 |
35.260 |
7.815 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.399 |
6.738 |
3.553 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
30.911 |
28.522 |
4.262 |
|
|
|
|
|
|
|
Less |
TAX |
10.305 |
10.150 |
0.704 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
20.606 |
18.372 |
3.558 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
412.13 |
367.43 |
71.15 |
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 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
3.289 |
(9.271) |
60.388 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(4.887) |
(9.849) |
59.457 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
14.55 |
6.40 |
4.94 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
25.08 |
57.02 |
73.85 |
|
|
|
|
|
|
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) |
1.92 |
1.99 |
0.36 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.67 |
0.84 |
0.94 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.05 |
5.50 |
19.55 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.41 |
0.66 |
2.74 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
2.62 |
1.39 |
0.23 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
14.34 |
10.55 |
2.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
43.72 |
68.79 |
44.77 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.20 |
1.02 |
0.90 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.20 |
1.02 |
0.90 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.33 |
0.15 |
0.05 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets
/ Total Current Liabilities) |
1.20 |
1.02 |
0.90 |
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 |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
7.448 |
26.206 |
46.630 |
|
Net worth |
7.948 |
26.706 |
47.130 |
|
|
|
|
|
|
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 |
1573.471 |
1323.077 |
787.174 |
|
|
|
(15.913) |
(40.504) |
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 |
1573.471 |
1323.077 |
787.174 |
|
Profit/ (Loss) |
3.558 |
18.372 |
20.606 |
|
|
0.23% |
1.39% |
2.62% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
(1)Shareholders' Funds |
|
|
|
(a) Share Capital |
0.500 |
0.500 |
|
(b) Reserves and Surplus |
53.184 |
29.203 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
53.684 |
29.703 |
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.588 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
0.000 |
0.588 |
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
|
(b) Trade
payables |
244.567 |
156.446 |
|
(c) Other
current liabilities |
95.407 |
124.899 |
|
(d) Short-term
provisions |
20.536 |
24.432 |
|
Total Current
Liabilities (4) |
360.510 |
305.777 |
|
|
|
|
|
TOTAL |
414.194 |
336.068 |
|
|
|
|
|
II.
ASSETS |
|
|
|
(1)
Non-current assets |
|
|
|
(a) Fixed
Assets |
|
|
|
(i)
Tangible assets |
9.028 |
4.302 |
|
(ii)
Intangible Assets |
10.358 |
13.421 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.086 |
0.000 |
|
(d)
Long-term loans and advances |
8.391 |
6.968 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
|
Total Non-Current
Assets |
27.863 |
24.691 |
|
|
|
|
|
(2)
Current assets |
|
|
|
(a)
Current investments |
13.947 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
|
(c) Trade
receivables |
42.134 |
33.238 |
|
(d) Cash and
bank balances |
247.922 |
188.356 |
|
(e)
Short-term loans and advances |
76.815 |
89.680 |
|
(f) Other
current assets |
5.513 |
0.103 |
|
Total
Current Assets |
386.331 |
311.377 |
|
|
|
|
|
TOTAL |
414.194 |
336.068 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
Total
Revenue from operations |
2946.911 |
2291.589 |
|
|
Other Income |
14.746 |
12.401 |
|
|
TOTAL |
2961.657 |
2303.990 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Purchases of
Stock-in-Trade |
2797.359 |
2174.318 |
|
|
Employee benefit expense |
52.492 |
39.575 |
|
|
Other expenses |
71.327 |
49.814 |
|
|
TOTAL |
2921.178 |
2263.707 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
40.479 |
40.283 |
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
40.479 |
40.283 |
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.399 |
6.738 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
34.080 |
33.545 |
|
|
|
|
|
|
Less |
TAX |
10.304 |
10.150 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
23.776 |
23.395 |
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
475.52 |
467.90 |
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 |
No |
|
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 |
Yes |
|
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 |
OPERATIONS AND FUTURE
PROSPECTS:
STANDALONE REVENUE
AND PROFIT:
During the year, the Company has recorded Standalone Total Revenue of INR 792.552 Million as compared to INR 1334.771 Million in Previous year and has earned Net Profit after Tax of INR 20.606 Million as compared to INR 18.372 Million in the previous year. The company expects better results and business in future.
INDEX OF CAHREGS:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G43531110 |
100022297 |
Standard Chartered Bank |
18/04/2016 |
- |
08.05.2017 |
40000000.0 |
SME Credit, Crescenzo, 3A/F, Plot No. C-38 and 39G Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India |
FIXED ASSETS:
Tangible assets
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipment’s
· Leasehold improvements
Intangible assets
· Computer software
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 63.84 |
|
UK Pound |
1 |
INR 88.28 |
|
Euro |
1 |
INR 77.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPY |
|
|
|
|
Analysis Done by
: |
JAY |
|
|
|
|
Report Prepared
by : |
MTN |
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.