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|
MIRA INFORM REPORT
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Report No. : |
511317 |
|
Report Date : |
25.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
KETTO ONLINE VENTURES PRIVATE LIMITED |
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|
Registered
Office : |
GB-4 Virwani Industrial Estate, Off. Western Express, Western express
Highway, Goregoan (East), Mumbai-400063, Maharashtra |
|
Tel. No.: |
Not Available |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
12.12.2012 |
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Com. Reg. No.: |
11-238738 |
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Capital
Investment / Paid-up Capital : |
INR 0.205 Million |
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CIN No.: [Company Identification
No.] |
U74900MH2012PTC238738 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAFCK0317C |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is into creating e-commerce marketplace and crowd funding platform to raise funds for multiple projects from different fields. (Registered Activity) |
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No. of Employees
: |
Information denied 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 : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2012 having a satisfactory track record. it is involved in the business of creating e-commerce marketplace and crowd funding platform to raise funds for multiple projects from different fields. For the financial year 2017, the company has achieved top line growth in its revenue as compared to its previous year but has incurred loss during the year. The company possesses satisfactory financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its established track record of its business operation backed by its well experienced management team. However, these rating strength gets partially offset by its continuous operational losses due to trending business of crowdfunding and intense competition in e-commerce industry. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business dealing at usual trade terms and conditions. |
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
31-03-2018.
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 25.05.2018
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 (Mobile No.: 91-9819871081/
7350013971/9820951923)
(Tel No.: 91-22-33578152/ 65702567 – Not Working)
LOCATIONS
|
Registered Office : |
GB-4 Virwani Industrial Estate, Off. Western Express, Western Express
Highway, Goregoan (East), Mumbai-400063, Maharashtra, India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Palepu Sudhir Rao |
|
Designation : |
Director |
|
Address : |
A-10, Epsilon Yemalur Road, Off Hal Airport Road, Bangalore South, Bangalore -560037, Karnataka, India |
|
Date of Appointment : |
17.08.2015 |
|
DIN No.: |
00018213 |
|
|
|
|
Name : |
Mr. Pradyumna Dalmia |
|
Designation : |
Director |
|
Address : |
Promenade, Flat-4B, 4th Floor, 25/1, Rowland Road, Kolkata-700020, West Bengal, India |
|
Date of Appointment : |
01.10.2014 |
|
DIN No.: |
00022561 |
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|
|
|
Name : |
Mr. Varun Sameer Sheth |
|
Designation : |
Director |
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Address : |
705, Kings Apartments Juhu Tara Road, Juhu, Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
23.06.1987 |
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Date of Appointment : |
12.12.2012 |
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DIN No.: |
03622751 |
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|
|
|
Name : |
Mr. Kunal Kishore Kapoor |
|
Designation : |
Director |
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Address : |
A-61, Kalumal Estate Chs Limited, Opposite Juhu Post Office, Juhu, Mumbai 400049, Maharashtra, India |
|
Date of Birth/Age : |
18.10.1975 |
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Date of Appointment : |
12.12.2012 |
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DIN No.: |
06413935 |
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|
Name : |
Mr. Zaheer Zoeb Adenwala |
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Designation : |
Director |
|
Address : |
B 101, Windswept Apartments, NS 9th Road, Juhu Scheme, Mumbai-400049, Maharashtra, India |
|
Date of Appointment : |
17.08.2015 |
|
DIN No.: |
07239888 |
MAJOR SHAREHOLDERS
As on 31.03.2017
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
95.82 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
2.87 |
|
Public/Other than promoters (Body corporate) |
1.22 |
|
Public/Other than promoters (Others - Partners for Partnership firm) |
0.09 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is into creating e-commerce marketplace and crowd funding platform to raise funds for multiple projects from different fields. (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 – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
RBL Bank Limited |
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Auditors : |
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Name : |
A. B. Mehta and Company Chartered Accountants |
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Address : |
202, Alap Society, 2nd Floor, Shantilal Modi Road, Kandivali (West),
Mumbai – 400067, Maharashtra, India |
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Tel No.: |
91-22-28070610/ 28077720 |
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Fax No.: |
91-9320016104 |
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Email : |
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Income-tax
PAN of auditor or auditor's firm : |
AABPM1405A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Wholly owned
subsidiary : |
Ketto Online Ventures Inc. United States of America |
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000 |
Equity Shares |
INR 10/- each |
INR 0.600 Million |
|
15000 |
Preference Shares |
INR 10/- each |
INR 0.150 Million |
|
|
Total |
|
INR 0.750 Million
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11502 |
Equity Shares |
INR 10/- each |
INR 0.115 Million |
|
9048 |
Preference Shares |
INR 10/- each |
INR 0.090 Million |
|
|
Total |
|
INR 0.205
Million |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES
OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.205 |
0.205 |
0.235 |
|
(b) Reserves & Surplus |
22.351 |
36.800 |
2.229 |
|
(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) |
22.556 |
37.005 |
2.464 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.241 |
0.241 |
0.228 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
0.241 |
0.241 |
0.228 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
16.050 |
18.509 |
2.836 |
|
(c) Other current liabilities |
0.972 |
1.625 |
0.590 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
17.022 |
20.134 |
3.426 |
|
|
|
|
|
|
TOTAL |
39.819 |
57.380 |
6.118 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.211 |
0.087 |
0.055 |
|
(ii) Intangible Assets |
4.484 |
6.077 |
0.273 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.300 |
0.300 |
0.000 |
|
Total
Non-Current Assets |
4.995 |
6.464 |
0.328 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
10.378 |
28.994 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
1.002 |
0.572 |
1.431 |
|
(d) Cash and cash equivalents |
14.872 |
20.913 |
4.099 |
|
(e) Short-term loans and
advances |
0.060 |
0.060 |
0.060 |
|
(f) Other current assets |
8.512 |
0.377 |
0.200 |
|
Total
Current Assets |
34.824 |
50.916 |
5.790 |
|
|
|
|
|
|
TOTAL |
39.819 |
57.380 |
6.118 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
11.755 |
5.860 |
0.876 |
|
|
Other Income |
2.109 |
1.173 |
0.074 |
|
|
TOTAL
|
13.864 |
7.033 |
0.950 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
12.176 |
7.157 |
0.219 |
|
|
Other expenses |
14.473 |
12.993 |
5.524 |
|
|
TOTAL |
26.649 |
20.150 |
5.743 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(12.785) |
(13.117) |
(4.793) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(12.785) |
(13.117) |
(4.793) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
1.664 |
1.587 |
0.155 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(14.449) |
(14.704) |
(4.948) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(14.449) |
(14.704) |
(4.948) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
(703.11) |
(715.52) |
(368.95) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
(25.818) |
(3.005) |
(2.846) |
|
Net cash flows from (used in) operating activities |
(25.824) |
(2.878) |
(2.879) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
31.11 |
35.63 |
596.25 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
11.73 |
10.24 |
0.61 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
(2.72) |
(2.13) |
(14.61) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.43 |
0.36 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.01 |
0.01 |
0.09 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.75 |
0.54 |
1.39 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.21 |
0.17 |
0.13 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(122.92) |
(250.92) |
(564.84) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(36.29) |
(25.63) |
(80.88) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(64.06) |
(39.74) |
(200.81) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.05 |
2.53 |
1.69 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
2.05 |
2.53 |
1.69 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.57 |
0.64 |
0.40 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.18 |
1.18 |
0.97 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.05 |
2.53 |
1.69 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
0.235 |
0.205 |
0.205 |
|
Reserves & Surplus |
2.229 |
36.800 |
22.351 |
|
Net
worth |
2.464 |
37.005 |
22.556 |
|
|
|
|
|
|
long-term borrowings |
0.228 |
0.241 |
0.241 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.228 |
0.241 |
0.241 |
|
Debt/Equity
ratio |
0.093 |
0.007 |
0.011 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
0.876 |
5.860 |
11.755 |
|
|
|
568.950 |
100.597 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
0.876 |
5.860 |
11.755 |
|
Profit/ (Loss) |
(4.948) |
(14.704) |
(14.449) |
|
|
(564.84%0 |
(250.92%) |
(122.92%) |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.205 |
0.205 |
|
(b) Reserves & Surplus |
|
17.282 |
37.289 |
|
(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) |
|
17.487 |
37.494 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.241 |
0.241 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
0.241 |
0.241 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
33.493 |
29.307 |
|
(c) Other current liabilities |
|
0.972 |
1.625 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
|
34.465 |
30.932 |
|
|
|
|
|
|
TOTAL |
|
52.193 |
68.667 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
0.210 |
0.087 |
|
(ii) Intangible Assets |
|
4.484 |
6.077 |
|
(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 |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.300 |
0.300 |
|
Total
Non-Current Assets |
|
4.994 |
6.464 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
10.378 |
28.994 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
2.056 |
0.839 |
|
(d) Cash and cash equivalents |
|
34.434 |
31.996 |
|
(e) Short-term loans and
advances |
|
0.060 |
0.060 |
|
(f) Other current assets |
|
0.271 |
0.314 |
|
Total
Current Assets |
|
47.199 |
62.203 |
|
|
|
|
|
|
TOTAL |
|
52.193 |
68.667 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
16.952 |
7.879 |
|
|
Other Income |
|
2.977 |
1.173 |
|
|
TOTAL
|
|
19.929 |
9.052 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
|
17.377 |
7.158 |
|
|
Other expenses |
|
20.896 |
14.322 |
|
|
TOTAL |
|
38.273 |
21.480 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
(18.344) |
(12.428) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(18.344) |
(12.428) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
1.664 |
1.587 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
(20.008) |
(14.015) |
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
(20.008) |
(14.015) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
(973.63) |
(682.00) |
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 |
Yes |
|
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 |
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 |
CORPORATE INFORMATION
The Company was incorporated on 12th December 2012. The Company is into creating e-commerce marketplace and crowd funding platform to raise funds for multiple projects from different fields.
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS
The business of the Company has increased during the year as a result of effective marketing, use of latest technology and providing timely support to the customers.
The Company has reported income of INR 13.864 million for the current year as compared to INR 7.033 million in the previous year. The Net loss for the year amounted to INR 14.449 million in the current year as compared to INR 14.704 Million in the previous year.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Varun Sheth |
0.057 |
0.057 |
|
Kunal Kapoor |
0.184 |
0.184 |
|
Total |
0.241 |
0.241 |
INDEX
OF CHARGES: NO CHARGES EXISTS FOR COMPANY
FIXED ASSETS
- Website
- Domain
- Easy Auto Software
- Tally ERP9
- Computer (Old)
- Computer (New)
- Office Equipments
- Furniture & Fixtures
- Technical Know how
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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 68.39 |
|
|
1 |
INR 91.44 |
|
Euro |
1 |
INR 80.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
JYTK |
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.