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MIRA INFORM REPORT
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Report No. : |
487879 |
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Report Date : |
27.01.2018 |
IDENTIFICATION DETAILS
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Name : |
PROLOGUE RETAIL SOLUTIONS PRIVATE LIMITED |
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Registered
Office : |
C-310, Sunrise CHS. Limited, Raheja Vihar, Chandivali Farm Road, Tunga
Powai, Mumbai – 400072, Maharashtra |
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Tel. No.: |
Not Available |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
25.01.2010 |
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Com. Reg. No.: |
11-248386 |
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Capital
Investment / Paid-up Capital : |
INR 1.800 Million |
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CIN No.: [Company Identification
No.] |
U52100MH2010PTC248386 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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TIN No.: |
Not Divulged |
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PAN No.: [Permanent Account No.] |
Not Divulged |
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GST No.: |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Retail Trading and Retail Solutions for Various Goods, Merchandise, National and International Brands as Retail Identity consultants, Branding consultants, Hard & Soft Merchandising Marketing consultants, BTL process management consultants, Event & Promotion Management services, Retail Makeovers and IT enabled retail services consultants. [As per Memorandum of Association] |
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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 : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Exist |
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Comments : |
Subject was incorporated in the year 2010. The company is engaged in the business of marketing-at-retail industry. Management has failed to file its financials after the financial year 2013 with Registrar Of Companies and same is not available from any other sources. However, as per the available financial of 2014, the company possesses satisfactory financial profile. Rating is constrained on account of absence of latest financial records. Payments are reported to be unknown. In view of aforesaid, the company can be considered for business dealings on fully safe and secured trade terms and condition. NOTE 1: Site visit was conducted at the registered address but our executive has not found the subject on the registered address. At the premises our executive inquired the Security Guard but he was not aware about the subject and also he did not allow our executive to enter the premises. As per our executive’s observation, it is 7 storey building. Location was difficult to find. Area seems to be neutral. Locality appears to be residential. Name board of the subject was not sighted at the registered address. NOTE 2: Site visit was conducted at the corporate office address but executive has not found the subject on the corporate office address. Instead we have found Revolux Solutions Private Limited on the corporate office address. Our executive inquired with the Security Guard and he claimed that the subject has been closed from last 1 year. As per our executive’s observation, it is 6 storey building. Location was difficult to find. Locality appears to be commercial. Area seems to be neutral. Name board of the subject was not sighted. |
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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
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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 27.01.2018
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
UNABLE TO CONTACT THE COMPANY
LOCATIONS
|
Registered Office : |
C-310, Sunrise CHS. Limited, Raheja Vihar, Chandivali Farm Road, Tunga
Powai, Mumbai – 400072, Maharashtra, India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
Corporate Office “403/A, Solaris Park 1, Opposite L & T, Gate no. 6,
Saki Vihar Raod, Andheri [East], Mumbai-400072, Maharashtra, India” has been
closed.
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Rajesh Mimani |
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Designation : |
Managing Director |
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Address : |
A-302, Rainbow CHS, Raheja Vihar, Chandivali, Powai, Mumbai – 400076,
Maharashtra, India |
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Date of Birth/Age : |
23.06.1965 |
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Date of Appointment : |
25.01.2010 |
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DIN No.: |
02852105 |
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Name : |
Mr. Deepak Vijaykumar Bagra |
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Designation : |
Director |
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Address : |
Wing-1, Flat No. 534, Rock Enclave, Sahayadri NG Next Hidustan Naka, Kandivali
(West), Mumbai – 400067, Maharashtra, India |
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Date of Birth/Age : |
30.07.1973 |
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Date of Appointment : |
09.04.2011 |
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DIN No.: |
03462727 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Rajesh Mimani |
93000 |
51.67 |
|
Alka Mimani |
10950 |
6.08 |
|
Sai Jyoti Mimani |
14950 |
8.31 |
|
Sai Kiran Mimani |
7100 |
3.94 |
|
Deepak Bagra |
54000 |
30.00 |
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Total |
180000 |
100.00 |
AS ON: 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Retail Trading and Retail Solutions for Various Goods, Merchandise, National and International Brands as Retail Identity consultants, Branding consultants, Hard & Soft Merchandising Marketing consultants, BTL process management consultants, Event & Promotion Management services, Retail Makeovers and IT enabled retail services consultants. [As per Memorandum of Association] |
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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 : |
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Selling : |
Not Available |
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Purchasing : |
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 : |
· Bank of Maharashtra Charkhop Branch, Mahamangal Building, Opposite Sahyadri Nagar, Ambedkar Road, Sector I, Mumbai - 400067, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
JSA and Associates Chartered Accountants |
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Address : |
Mercantile Building, 9/12 Lal Bazar, Block-D, 2nd Floor, Kolkata – 700001, West Bengal, India |
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Tel. No. : |
91-33-30082298 |
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Fax No. : |
91-33-22304811 |
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E-Mail : |
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PAN No.: |
AAEFJ2732Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
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|
200000 |
Equity Shares |
INR 10/- each |
INR 2.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
180000 |
Equity Shares |
INR 10/- each |
INR 1.800
Million |
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
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|
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|
(1)Shareholders' Funds |
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(a) Share Capital |
1.800 |
1.800 |
1.000 |
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(b) Reserves & Surplus |
14.071 |
8.332 |
1.980 |
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(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share
Application money pending allotment |
0.000 |
0.000 |
2.300 |
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Total
Shareholders’ Funds (1) + (2) |
15.871 |
10.132 |
5.280 |
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(3)
Non-Current Liabilities |
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(a) Long-term borrowings |
4.636 |
1.495 |
1.409 |
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(b) Deferred tax liabilities (Net) |
0.320 |
0.323 |
0.133 |
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(c)
Other long term liabilities |
7.479 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.534 |
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
12.969 |
1.818 |
1.542 |
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(4) Current Liabilities |
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(a)
Short term borrowings |
43.925 |
21.925 |
0.000 |
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(b)
Trade payables |
12.071 |
12.485 |
16.543 |
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(c)
Other current liabilities |
22.663 |
6.510 |
3.319 |
|
(d)
Short-term provisions |
2.065 |
1.592 |
0.873 |
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Total
Current Liabilities (4) |
80.724 |
42.512 |
20.735 |
|
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|
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TOTAL |
109.564 |
54.462 |
27.557 |
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II.
ASSETS |
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|
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(1) Non-current assets |
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(a)
Fixed Assets |
|
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|
(i)
Tangible assets |
7.316 |
4.498 |
1.908 |
|
(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 |
0.154 |
0.009 |
0.653 |
|
(e)
Other Non-current assets |
3.038 |
2.948 |
0.000 |
|
Total
Non-Current Assets |
10.508 |
7.455 |
2.561 |
|
|
|
|
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(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
7.320 |
3.094 |
1.181 |
|
(c)
Trade receivables |
68.756 |
33.542 |
21.959 |
|
(d)
Cash and cash equivalents |
7.858 |
6.018 |
0.539 |
|
(e)
Short-term loans and advances |
15.122 |
4.353 |
1.317 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
99.056 |
47.007 |
24.996 |
|
|
|
|
|
|
TOTAL |
109.564 |
54.462 |
27.557 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
184.990 |
112.852 |
55.110 |
|
|
|
Other Income |
0.506 |
0.488 |
1.042 |
|
|
|
TOTAL |
185.496 |
113.340 |
56.152 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
68.174 |
34.711 |
34.423 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(4.226) |
(1.913) |
(0.365) |
|
|
|
Employees benefits expense |
26.534 |
11.811 |
7.731 |
|
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|
Other expenses |
79.137 |
60.854 |
11.308 |
|
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|
TOTAL |
169.619 |
105.463 |
53.097 |
|
|
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|
|
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PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
15.877 |
7.877 |
3.055 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5.66 |
2.096 |
0.035 |
|
|
|
|
|
|
|
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|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
10.217 |
5.781 |
3.020 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.535 |
0.847 |
0.561 |
|
|
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|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
8.682 |
4.934 |
2.459 |
|
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|
|
|
|
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|
Less |
TAX |
2.943 |
1.782 |
0.805 |
|
|
|
|
|
|
|
|
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|
PROFIT/ (LOSS)
AFTER TAX |
5.739 |
3.152 |
1.654 |
|
|
|
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|
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|
IMPORTS |
14.675 |
7.660 |
0.044 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
31.89 |
25.18 |
16.54 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
135.66 |
108.49 |
145.44 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.69 |
3.36 |
2.51 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
64.63 |
131.28 |
175.41 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.17 |
2.55 |
2.59 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.17 |
1.75 |
1.60 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.78 |
0.81 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.06 |
2.31 |
0.27 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
5.09 |
4.20 |
3.93 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.46 |
0.44 |
0.36 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.81 |
3.76 |
87.29 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.10 |
2.79 |
3.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.24 |
5.79 |
6.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
36.16 |
31.11 |
31.33 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.23 |
1.11 |
1.21 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.14 |
1.03 |
1.15 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.14 |
0.19 |
0.19 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
26.98 |
13.01 |
1.41 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.23 |
1.11 |
1.21 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
1.000 |
1.800 |
1.800 |
|
Reserves & Surplus |
1.980 |
8.332 |
14.071 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
2.300 |
0.000 |
0.000 |
|
Net
worth |
5.280 |
10.132 |
15.871 |
|
|
|
|
|
|
long-term borrowings |
1.409 |
1.495 |
4.636 |
|
Short term borrowings |
0.000 |
21.925 |
43.925 |
|
Total
borrowings |
1.409 |
23.420 |
48.561 |
|
Debt/Equity
ratio |
0.267 |
2.311 |
3.060 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
55.110 |
112.852 |
184.990 |
|
|
|
104.776 |
63.923 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
55.110 |
112.852 |
184.990 |
|
Profit/ (Loss) |
1.654 |
3.152 |
5.739 |
|
|
3.00% |
2.79% |
3.10% |
LEGAL CASES
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
PRESENTATION
DATE:- 01.06.2017 |
|
LODGING NO: EXAL/ 1064/ 2017
FILING DATE: 01.06.2017 REG. NO: EXA/1044/2017
REG. DATE: 11.08.2017 |
|
PETITIONER:
UNITED PETRO FINANCE LIMITED RESPONDENT: PROLOGUE RETAIL
SOLUTIONS PRIVATE LIMITED RESP. ADV.: ASHWIN VINAYAK RANJANE [I8422]
DISTRICT: MUMBAI |
|
BENCH: SINGLE STATUS: PRE-ADMISSION CATEGORY:
EXECTUIVE APPLICATIONS |
|
ACT: CODE OF CIVIL PROCEDURE
1908 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
Yes |
|
6 |
Contact numbers |
No |
|
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 |
No |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
|||