|
|
|
MIRA INFORM REPORT
|
Report No. : |
515092 |
|
Report Date : |
27.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
SANTOSH FINLEASE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-6, Padma Tower-II, Rajendra Place, New Delhi - 110008 |
|
Tel. No.: |
91-11-45083378 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.05.2018 [Provisional] |
|
|
|
|
Date of
Incorporation : |
17.02.1997 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1997PTC084995 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 4.000 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable [As informed by the management that firm does
not have export and import] |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS0612D |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AACCS0612D1Z4 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is working as Corporate Business Correspondent to PNB, BOB and
SUPGB (Regional Rural Bank). They provide banking facilities to bank customer
through our agents working in the filed on behalf of bank on real time basis
i.e. on line. Technology is provided by bank (Kiosk Banking). [Confirmed by
Management] |
|
|
|
|
No. of Employees
: |
60 [Approximately] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1997 and it is having satisfactory track records. For the financial year 2017, the company has registered decrease in its revenue from operations as compared to previous year but maintained average profitability margin of 1.29%. Rating takes into consideration sound financial risk profile of the company marked by adequate networth base and average debt balance sheet. As per available provisional financials for the year 2018, the company has shown marginal increment in its revenue as compared to previous year and maintained average profitability margin of 3.73%. Further, rating also reflects from long standing track records of business operation along with experience of promoters and capable liquidity profile. However, rating strength is partially offset by marginal declined in the revenue as well as profitability profile during the year FY 2017. Trade relations are reported as fair. Business is active. Payments are seems to be usually correct. In view of the aforesaid, the company can be considered for business dealings at usual trade terms and conditions. (Note 1: Available provisional financials of 2018 are provided for mere reference.) Note 2: Site visit was conducted at the address which you have provided. Our executive has successfully traced the company on the given address. At the premises our executive met to Mr. Nikhil Rastogi (Accountant) of the company and he confirmed the existence at the given address. As per our executive observation, location of the company is easy to find. Landmark was near Punjab & Sindh Bank. It is a 5 storey building and company is situated on 5th floor. Locality appears to be commercial. Area seems to be upmarket. Area of the premises was 600 approx. (SQ.FT) and 10 employees were sighted into premises. Name board of the company was sighted at the given address. Further, our executive enquired from neighboring entity i.e. Mr. Mukesh Kumar (Reliable Software Systems Pvt Ltd) and Mr. Ramesh Chand (Modex International Securities Ltd) and they were also confirmed that company exists on given address. |
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 (31.12.2017) |
Current Rating (01.04.2018) |
|
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
31-03-2018.
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 27.06.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY
|
Name : |
Mr. Sanjay Rastogi |
|
Designation : |
Director |
|
Contact No.: |
91-9319090006 |
|
Date : |
25.06.2018 |
LOCATIONS
|
Registered Office : |
B-6, Padma Tower-II, Rajendra Place, New Delhi – 110008, India |
|
Tel. No.: |
91-11-45083378/ 45637110/ 45577360 |
|
Mobile No.: |
91-9319090006 [Mr. Sanjay Rastogi] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
600 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Admin Office: |
509, Padma Tower-II, Rajendra Place, New Delhi – 110008, India |
|
Area : |
600 Sq. Ft. [As per site visit] |
|
Locality : |
Commercial [As per site visit] |
|
|
|
|
Branch Office: |
371, Ashirwad, Near Saint Thomas School, New City Light, Surat –
395007, Gujarat, India |
|
Location: |
Rented |
DIRECTORS
AS ON: 31.03.2018
|
Name : |
Mr. Sanjay Rastogi |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
213, Nandan Kunj, W. K. Road, Meerut - 250001, Uttar
Pradesh, India |
||||||||||||||||||||
|
Date of Birth/Age : |
07.08.1966 |
||||||||||||||||||||
|
Date of Appointment : |
06.06.2016 |
||||||||||||||||||||
|
Aadhar No.: |
8517 4248 1480 |
||||||||||||||||||||
|
DIN No.: |
00098466 |
||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mrs. Shashi Bala Rastogi |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
213, Nandan Kunj W.K. Road, Meerut - 250001, Uttar
Pradesh, India |
||||||||||||||||||||
|
Date of Birth/Age : |
06.07.1940 |
||||||||||||||||||||
|
Date of Appointment : |
05.04.2004 |
||||||||||||||||||||
|
Aadhar No.: |
4801 4230 6009 |
||||||||||||||||||||
|
DIN No.: |
00993707 |
||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Mukul Rastogi |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
10-A, Kucheser House, Begum Bagh, Meerut - 250002, Uttar
Pradesh, India |
||||||||||||||||||||
|
Date of Birth/Age : |
31.08.1970 |
||||||||||||||||||||
|
Date of Appointment : |
05.04.2004 |
||||||||||||||||||||
|
Aadhar No.: |
3229 1254 1944 |
||||||||||||||||||||
|
DIN No.: |
01026893 |
||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Shalabh Kumar Rastogi |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
92/18, Ward 10, Friends Colony, Gurgaon – 122001, Haryana, India |
||||||||||||||||||||
|
Date of Birth/Age : |
12.12.1972 |
||||||||||||||||||||
|
Date of Appointment : |
15.03.2014 |
||||||||||||||||||||
|
Aadhar No.: |
4711 8793 5021 |
||||||||||||||||||||
|
DIN No.: |
03441430 |
||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Piyush Kumar Rastogi |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
86b, Gali No.3, Krishna Nagar, Delhi - 110029, India |
||||||||||||||||||||
|
Date of Birth/Age : |
1969 |
||||||||||||||||||||
|
Date of Appointment : |
15.03.2014 |
||||||||||||||||||||
|
Aadhar No.: |
4765 9584 2413 |
||||||||||||||||||||
|
DIN No.: |
06582992 |
||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Amita
Rastogi |
|
3250 |
|
Ankit
Rastogi |
|
4100 |
|
Arvind
Rastogi |
|
3750 |
|
Chirag Rastogi |
|
77650 |
|
Harsh Vardhan
Vishnoi |
|
4250 |
|
lndresh Kumar |
|
4100 |
|
Mohit Bishnoi |
|
4050 |
|
Krishan Avtar
Rastogi |
|
54150 |
|
Mamta Vishnoi |
|
3850 |
|
Monika Rastogi |
|
4350 |
|
Mukul Rastogi |
|
57250 |
|
Neha Rastogi |
|
4200 |
|
Priti Rastogi |
|
4000 |
|
Rajbala Vishnoi |
|
3770 |
|
Rajpal Singh |
|
4000 |
|
Rajvardhan Vishnoi |
|
3950 |
|
Rakesh Vishnoi |
|
3800 |
|
Ravi Vishnoi |
|
4100 |
|
Rita Vishnoi |
|
4050 |
|
Sabrina Singh |
|
3900 |
|
Samta Rastogi |
|
61200 |
|
Sanjay Rastogi |
|
23100 |
|
Sharad Rastogi |
|
4350 |
|
Shashi Bala Rastogi |
|
50930 |
|
Shweta Rastogi |
|
3900 |
|
|
|
|
|
Total |
|
400000 |
AS ON: 28.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
32.82 |
|
Public/Other than promoters (Individual/Hindu Undivided Family - Indian) |
67.18 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is working as Corporate Business Correspondent to PNB, BOB and
SUPGB (Regional Rural Bank). They provide banking facilities to bank customer
through our agents working in the filed on behalf of bank on real time basis
i.e. on line. Technology is provided by bank (Kiosk Banking). [Confirmed by
Management] |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
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Agencies Held : |
Not Available |
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||||
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Exports : |
Not Available |
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|
||||
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Imports : |
Not Available |
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|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Online |
||||
|
|
|
||||
|
Purchasing : |
Online |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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|
No. of Employees : |
60 [Approximately] |
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|
|
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|
Bankers : |
|
|||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Udit Rastogi and Company Chartered Accountants |
|
Address : |
885, Moh. Heera Lal, Behind Post Office, Tehsil Road, Mawana, Meerut –
250401, Uttar Pradesh, India |
|
Mobile No.: |
91-9997737737 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
ATPPR9043Q |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.05.2018
[Provisional]
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
INR 10/- each |
INR 4.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
INR 10/- each |
INR 4.000 Million |
|
|
|
|
|
AS ON 31.03.2018
[Provisional]
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
INR 10/- each |
INR 4.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
INR 10/- each |
INR 4.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.05.2018 [2 Months] [Provisional] |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
|
(a) Share Capital |
4.000 |
4.000 |
4.000 |
4.000 |
|
(b) Reserves & Surplus |
31.293 |
29.861 |
23.580 |
21.455 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
35.293 |
33.861 |
27.580 |
25.455 |
|
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
|
(a) Long-term borrowings |
24.770 |
27.675 |
30.900 |
31.239 |
|
(b) Deferred tax liabilities (Net) |
0.020 |
0.021 |
0.020 |
0.112 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
24.790 |
27.696 |
30.920 |
31.351 |
|
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
|
(a)
Short term borrowings |
2.862 |
1.335 |
14.604 |
15.887 |
|
(b)
Trade payables |
0.000 |
0.000 |
0.000 |
0.000 |
|
(c)
Other current liabilities |
3.183 |
5.577 |
2.668 |
0.304 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
1.010 |
1.728 |
|
Total
Current Liabilities (4) |
6.045 |
6.912 |
18.282 |
17.919 |
|
|
|
|
|
|
|
TOTAL |
66.128 |
68.469 |
76.782 |
74.725 |
|
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
|
(1) Non-current assets |
|
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
|
(i)
Tangible assets |
3.052 |
3.094 |
3.499 |
4.620 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
2.123 |
23.922 |
10.159 |
2.522 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
5.175 |
27.016 |
13.658 |
7.142 |
|
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
|
(a)
Current investments |
50.087 |
32.786 |
39.540 |
35.925 |
|
(b)
Inventories |
0.000 |
0.000 |
2.500 |
2.500 |
|
(c)
Trade receivables |
0.853 |
0.612 |
1.933 |
4.854 |
|
(d)
Cash and cash equivalents |
1.697 |
1.208 |
11.157 |
11.697 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
0.000 |
|
(f)
Other current assets |
8.316 |
6.847 |
7.994 |
12.607 |
|
Total
Current Assets |
60.953 |
41.453 |
63.124 |
67.583 |
|
|
|
|
|
|
|
TOTAL |
66.128 |
68.469 |
76.782 |
74.725 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.05.2018 [2 Months] [Provisional] |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
Revenue from Operations |
37.708 |
168.197 |
164.665 |
222.453 |
|
|
|
Other Income |
0.089 |
5.211 |
3.593 |
2.226 |
|
|
|
TOTAL |
37.797 |
173.408 |
168.258 |
224.679 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
2.042 |
|
|
|
Employees benefits expense |
4.679 |
16.142 |
18.734 |
42.596 |
|
|
|
Other expenses |
3.850 |
0.658 |
2.661 |
2.971 |
|
|
|
Commission to Business Correspondent Agent |
145.294
|
31.237 |
141.389 |
168.535 |
|
|
|
Exceptional Items |
0.023 |
0.009 |
0.002 |
0.009 |
|
|
|
TOTAL |
36.583 |
165.309 |
162.786 |
216.153 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1.214 |
8.099 |
5.472 |
8.526 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
(0.259) |
1.292 |
1.117 |
0.507 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.473 |
6.807 |
4.355 |
8.019 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.041 |
0.526 |
1.312 |
3.194 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1.432 |
6.281 |
3.043 |
4.825 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.918 |
1.471 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1.432 |
6.281 |
2.125 |
3.354 |
|
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
3.58 |
15.70 |
5.31 |
8.38 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.05.2018 [2 Months] [Provisional] |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
NA |
|
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
11.299 |
6.172 |
|
|
|
|
|
|
|
Net Cash flow from/ (used in) Operating Activities |
NA |
NA |
10.381 |
4.692 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.05.2018 [2 Months] [Provisional] |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
8.26 |
1.33 |
4.28 |
7.96 |
|
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
44.21 |
274.83 |
85.19 |
45.83 |
|
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
2.19 |
3.41 |
|
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.40 |
2.62 |
1.56 |
1.85 |
LEVERAGE RATIOS
|
PARTICULARS |
31.05.2018 [2 Months] [Provisional] |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.47 |
0.51 |
0.64 |
0.66 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.78 |
0.86 |
1.65 |
1.85 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.17 |
0.20 |
0.66 |
0.70 |
|
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.09 |
0.09 |
0.13 |
0.18 |
|
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(4.69) |
6.27 |
4.90 |
16.82 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.05.2018 [2 Months] [Provisional] |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.80 |
3.73 |
1.29 |
1.51 |
|
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.17 |
9.17 |
2.77 |
4.49 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
4.06 |
18.55 |
7.70 |
13.18 |
SOLVENCY RATIOS
|
PARTICULARS |
31.05.2018 [2 Months] [Provisional] |
31.03.2018 [Provisional] |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
10.08 |
6.00 |
3.45 |
3.77 |
|
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
10.08 |
6.00 |
3.32 |
3.63 |
|
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.53 |
0.49 |
0.36 |
0.34 |
|
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
6.91 |
7.25 |
11.38 |
11.78 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
10.08 |
6.00 |
3.45 |
3.77 |
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 |
31.03.2016 |
31.03.2017 |
31.03.2018
[Provisional] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
4.000 |
4.000 |
4.000 |
|
Reserves & Surplus |
21.455 |
23.580 |
29.861 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
25.455 |
27.580 |
33.861 |
|
|
|
|
|
|
long-term borrowings |
31.239 |
30.900 |
27.675 |
|
Short term borrowings |
15.887 |
14.604 |
1.335 |
|
Total
borrowings |
47.126 |
45.504 |
29.010 |
|
Debt/Equity
ratio |
1.851 |
1.650 |
0.857 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018
[Provisional] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
222.453 |
164.665 |
168.197 |
|
|
|
-25.978 |
2.145 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
31.03.2018
[Provisional] |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
222.453 |
164.665 |
168.197 |
|
Profit |
3.354 |
2.125 |
6.281 |
|
|
1.51% |
1.29% |
3.73% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
Yes |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
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 and
two months |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years and two
months |
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 |
OBSERVATION POINTS
|
Name of Company : |
SANTOSH FINLEASE PRIVATE LIMITED |
|
|
|
|
Address : |
509, Padma Tower-II, Rajendra Place, New Delhi – 110008, India |
|
Contact No.: |
91-11-45083378 |
|
|
|
|
Person to whom we met: |
Mr. Nikhil Rastogi [Accountant) |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Near Punjab and Sindh Bank |
|
|
|
|
Total Floors of the Building : |
Ground + 5 Floors |
|
|
|
|
Subject situated on: |
5th Floor |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area of Premises : |
600 Sq. Ft. |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
No. of employees seen at premises: |
10+ [Approx.] |
|
|
|
|
Visibility of
Items: |
·
Telephone ·
Fax Machine ·
Telex ·
Computers ·
Air Conditioner ·
Office Equipment ·
Xerox Machine |
|
|
|
|
Neighbours Interview : |
Our executive enquired from neighboring entity i.e. Mr.
Mukesh Kumar (Reliable Software Systems Private Limited) and Mr. Ramesh Chand
(Modex International Securities Limited) and they were also confirmed that
company exists on given address |
|
|
|
|
Proof of visit: |
Photos |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE
SHEET
(INR IN MILLION)
|
SOURCES OF FUNDS |
|
31.03.2020 |
31.03.2019 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
4.000 |
4.000 |
|
(b) Reserves & Surplus |
|
45.596 |
36.907 |
|
(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) |
|
49.596 |
40.907 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
18.839 |
25.839 |
|
(b) Deferred tax liabilities (Net) |
|
0.020 |
0.020 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
18.859 |
25.859 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
7.446 |
3.446 |
|
(b)
Trade payables |
|
0.000 |
0.000 |
|
(c)
Other current liabilities |
|
5.336 |
8.336 |
|
(d)
Short-term provisions |
|
2.200 |
1.983 |
|
Total
Current Liabilities (4) |
|
14.982 |
13.765 |
|
|
|
|
|
|
TOTAL |
|
83.437 |
80.531 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
2.919 |
3.119 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
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) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
1.500 |
2.933 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
4.419 |
6.052 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
59.649 |
53.149 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c)
Trade receivables |
|
2.602 |
1.102 |
|
(d)
Cash and cash equivalents |
|
2.574 |
1.252 |
|
(e)
Short-term loans and advances |
|
0.000 |
0.000 |
|
(f)
Other current assets |
|
14.193 |
18.976 |
|
Total
Current Assets |
|
79.018 |
74.479 |
|
|
|
|
|
|
TOTAL |
|
83.437 |
80.531 |
------------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
INTRODUCTION
They are pleased to introduce ourselves as a company in the name of Santosh Finlease Private Limited with professional repute and vast experience in successful implementation of financial inclusion programme for different banks. Currently they have been working as corporate BC for Punjab National Bank of Baroda and Sarv UP Gramin Bank, Merrut (RRB Sponsored by (PNB) and acting as BCO for Industrial Development Bank of India (IDBI).
The company is having its presence at PAN-India with registered office in Delhi and representative offices in Ahmedabad, Mumbai, Nagpur, Pune, Surat, Meerut, Muzaffarnagar, Dehradun, Haridwar, Kashipur, Agra, Bareilly, Bulandshahr, Jhansi, Moradabad managing more than 1500 widespread outlets (BCAs) across India in the states of UP, Uttaranchal, Maharashtra, Gujarat and Delhi. They also have the capability of expanding their network t the requirements of the esteemed organization.
For operational control, a well-knit structure of field officials is in
place consisting of Vice Presidents, 15 Operational Heads and more than 70 Field
Supervisors spread all over India to monitor and support the BCAs. Every set of
20 BCAs is being monitored by one Field Supervisor who in turn report to
Operational Heads at district level.
For keeping a track on day to day working of BCAs and field staff, the
company has developed its own web-site on working of each unit (BCA) is
reflected and same is updated on daily basis importing data from concerned
Bank’s gateway.
The other details/ financials of the company viz. latest IT Return,
information on Directors, Article of Association, Memorandum of Association,
BOB empanelment letter, Copies of agreement with TCS and IDBI Annual Balance
Sheet etc and other documents shall be furnished in due course.
COMPANY ORGANOGRAM
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G60001930 |
10598158 |
Punjab National
Bank |
09/10/2015 |
03/07/2017 |
- |
25000000.0 |
E.K. Road
MeerutMeerutUP250001IN |
------------------------------------------------------------------------------------------------------------------------------
COMPANY OVERVIEW
The company is a private limited company incorporated in India and has its
registered office at B-6, Padma Tower II, Rajendra Place, New Delhi, India. The
company has dealt in service of business correspondent agents. The CIN of the
company is U74899DL1997PTC084995.
FIXED ASSETS:
· Shop at Ganga Plaza
· Air Conditioner
· Furniture and Fixtures
· Inverter
· Computer and Accessories
· Water Cooler
· Rajendar Nagar-Delhi
------------------------------------------------------------------------------------------------------------------------------
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 68.17 |
|
UK Pound |
1 |
INR 90.47 |
|
Euro |
1 |
INR 79.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low risk
of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.