Attachment 1
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Report
Update On |
8th September, 2000 |
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Report on |
AGRIM SAMPADA PRIVATE LIMITED |
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Registered Office |
203, 2nd
Floor, Agarwal Chamber - 1, Plot No. 7-A, Sector 19-C, Vashi, Navi Mumbai -
400 705, Maharashtra, INDIA |
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Tel. No. |
91-22-7655813 |
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Fax No. |
91-22-7655834 |
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E-Mail |
-- |
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Telex |
-- |
Attachment 2
SUMMARY
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Incorporated |
1989 |
Status |
Moderate |
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Registration No. |
31699 |
Chief Executive |
Mr. M. R. Bhatla |
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Capital (Rs.) |
5.750 million |
Payments |
Unknown |
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Sales (Rs.) |
-- |
Litigation |
-- |
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Net Worth (Rs.) |
9.527 millions |
Banking Reputation |
Moderate |
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No. of Employees |
-- |
Auditors |
Suresh Anchalia |
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Credit Rating |
Ca (See attachment 3) |
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INDUSTRY
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FACTORY
Not applicable
BRANCH
Nil
HISTORY
The company was incorporated on 29th December, 1989 at Mumbai in Maharashtra having Company Registration Number 31699.
LEGAL FORM
It is a Private Limited Liability company.
DIRECTORS
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Mr. M. R. Bhatla |
Director |
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Mr. Anilkumar Malhotra |
Director |
BUSINESS
The company was incorporated with the main object to acquire, by any mode or arrangement of land & building or part thereof whether residential, commercial, industrial or otherwise with furniture & fixtures, plant & machinery or such other real estates & to sell & or let it out on leased rent, contract or any mode, agreement, arrangement & to deal in such assets & to buy land &/or building & contract, maintain houses, apartments, factories, industrial sheds, holiday homes & other building.
The company is also engaged in imports & trading of Ferrous and Non-ferrous Metals.
No details regarding the company’s performance could be available from any of the sources.
The company operates from a caption rented office premises.
No person is reported to be employed by the company.
SISTER CONCERNS
Nil
BANKERS
K Bank of Baroda, Bombay Samachar Marg, Fort, Mumbai – 400 023
K Bank of Maharashtra, Main Branch, Mumbai – 400 023
AUDITORS
K Suresh Anchalia
Chartered Accountant
FINANCIAL INFORMATION
The company is said to be irregular in preparing and maintaining proper books of accounts.
Management of the company remained non-cooperative during current investigations.
The company last obtained financial information for the period ended 31st March, 1998 from indirect sources is enclosed herewith.
CAPITAL STRUCTURE
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Authorised Capital : |
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100,000 |
Equity Shares of Rs.100/- each |
Rs.10.000 millions |
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Issued, Subscribed &
Paid-up Capital : |
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57,500 |
Equity Shares of Rs.100/- each |
Rs.5.750 million |
COMMENTS
Subject is a small trading company. Scale of operation is very small. No latest financials are available. The company is irregular in preparing and maintaining proper books of accounts.
Subject can be considered for small business dealings on safe and secured trade terms and conditions.
ABRIDGED BALANCE SHEET AS ON 31ST March, 1998
[figures are in Rupees Millions]
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SOURCES OF FUNDS |
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31.03.1998 |
31.03.1997 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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5.750 |
0.100 |
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2] Share Application Money (pending allotment) |
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3.600 |
0.000 |
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2] Reserves & Surplus |
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0.177 |
0.084 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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GRAND TOTAL
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9.527 |
0.184 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.000 |
0.000 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENTS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
0.000 |
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Sundry Debtors |
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24.292 |
137.351 |
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Cash & Bank Balances |
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0.896 |
1.205 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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0.034 |
0.022 |
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Total Current Assets |
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25.222 |
138.578 |
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Less : |
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Current Liabilities |
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15.651 |
138.294 |
Provisions |
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0.044 |
0.100 |
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Net Current Assets |
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9.527 |
0.184 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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GRAND TOTAL
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9.527 |
0.184 |
Attachment 3
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SCORE SHEET |
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SCORE |
CREDIT RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an
extremely sound financial base with the strongest capability for timely
payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working
capital. No caution needed for credit transaction. It has above average
(strong) capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial &
operational base are regarded healthy. General unfavourable factors will not
cause fatal effect. Satisfactory capability for payment of interest and
principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. Maybe drawn to slightly
difficult position as unfavourable conditions arise. Minimal assurance for
timely payment on interest and principal sums |
Moderate |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively limited or considered
not known. Capability to pay both interest and principal sums is doubtful |
Small |
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11-25 |
Ca |
Adverse factors are apparent.
Repayment of interest and principal sums in default or expected to be in
default upon maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |
Attachment 4
INDIA
INDIA, a Union of States, is a Sovereign Socialist Secular Democratic Republic with a Parliamentary System of government. It covers an area of 32872631 sq. km. Population, as on 1st March, 1991 (last counted) stood at 846.30 millions.
The value of total foreign trade increased to Rs.2,778,392.8 millions in 1997-98. During 1997-98, it’s total exports amounted to Rs.1,262,857.6 millions and imports increased to Rs.1,515,535.2 millions.
As on 20th April, 1999, Standard and Poor’s affirmed its ratings for India and said the country’s outlook was stable despite weak coalition governments. S&P affirmed its BB foreign currency and the BBB local currency ratings for India. The B foreign currency and A3 local currency short-term issuer credit ratings were also affirmed. The outlook is stable. Official foreign exchange reserves cover about 165 percent of total government, public sector and private sector external principal-repayment obligations due within the next 12 months. At $32.6 billion as on April 7, 1999, they mitigate the risk of a sudden loss of external confidence even as exports decelerate and the trade gap widens, the agency said.
LEADING EONOMIC INDICATORS
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Outstanding As On |
% Variation Over |
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Banking, M3 & Forex (Rs. mlns.) |
Feb. 26, 1999 |
End-March 1998 |
Financial Year So Far |
Year Ago |
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1997-98 |
1998-99 |
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Aggregate Deposits |
6,983,380 |
6,054,100 |
15.3 |
15.3 |
19.8 |
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Demand Deposits |
1,029,500 |
1,025,130 |
0.2 |
0.4 |
13.4 |
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Time Deposits |
5,953,880 |
5,028,970 |
18.7 |
18.4 |
20.9 |
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Investments |
2,519,660 |
2,187,050 |
12.3 |
15.2 |
17.7 |
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Government Securities |
2,203,170 |
1,869,570 |
14.2 |
17.8 |
21.4 |
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Other Approved Securities |
316,490 |
317,480 |
2.7 |
-0.3 |
-2.3 |
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Bank Credit |
3,547,420 |
3,240,790 |
12.4 |
9.5 |
13.3 |
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Food Credit |
167,320 |
124,850 |
62.4 |
34.0 |
35.6 |
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Non-food Credit |
3,380,110 |
3,115,940 |
11.0 |
8.5 |
12.4 |
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Money Supply M3 (Feb. 26, 1999) |
9,455,060 |
8,253,890 |
13.4 |
14.6 |
18.8 |
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Net Bank Credit to Government |
3,868,200 |
3,306,190 |
11.4 |
17.0 |
20.3 |
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Reserve Bank Credit to
Government |
1,543,690 |
1,351,600 |
5.1 |
14.2 |
18.3 |
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Bank Credit to Commercial
Sector |
4,651,290 |
4,321,900 |
11.8 |
7.6 |
10.6 |
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FOREX (US$ mln.) March 19, 1999 |
312,350 |
293,670 |
7.0 |
6.4 |
10.5 |
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Foreign Currency Assets |
282,560 |
259,750 |
11.1 |
8.8 |
13.7 |
FOREIGN INSTITUTIONAL INVESTMENT IN INDIA
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Financial Year |
Gross Purchases (Rs. mlns.) |
Gross Sales (Rs. mlns.) |
Net Investment (Rs. mlns.) |
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1992-93 |
175 |
40 |
135 |
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1993-94 |
55,927 |
4,665 |
51,262 |
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1994-95 |
76,310 |
28,354 |
47,966 |
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1995-96 |
96,930 |
27,520 |
69,420 |
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1996-97 |
155,540 |
69,804 |
85,746 |
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1997-98 |
186,948 |
127,373 |
59,577 |
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1998-99 |
161,150 |
176,993 |
-15,844 |
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Total |
732,980 |
434,749 |
298,262 |
FOREIGN EXCHANGE RATES
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Currency |
Unit |
Indian
Rupees |
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US Dollar |
1 |
Rs.43.35 |
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UK Pound |
1 |
Rs.68.08 |
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Euro |
1 |
Rs.40.52 |
Attachment 5
ACKNOWLEDGEMENT
Dear Sir/Madam,
As part of our control
system, please fax/email us this note
upon receipt of this report. If we do not receive the acknowledgement within 24
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Thank you.
______________________________________________________________________________
To : MIRA INFORM PRIVATE
LIMITED
From :
To :
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the appropriate box.
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GOOD |
FAIR |
POOR |
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Further Comments/Suggestion :
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Company’s Stamp &
Signature