Date:
24th June,2006
Given NAME
west bengal essential commodities
corporation limited
correct NAME
west bengal essential commodities
supply corporation limited
REGISTERED OFFICE
“Khadya Bhavan”, 11-A,
Mirza Ghalib Street, Kolkata – 700 087, West Bengal, India
Tel. No.: 91-33-2449799/2444879/0519/1659/2443849
Fax No.: 91-33-2443849
Email : camellia@xpsonline.com
FACTORY
Kasipore, Kolkata - 700002
HISTORY
Subject was incorporated on 15th March, 1974 at Kolkata in West Bengal having Company Registration Number 21-29308.
IEC No. 0201018667
IEC Allotment Date. 26.03.2002
CIN No. [Company Identification No.]: U99999WB1974PLC029308
LEGAL FORM
Subject is a closely held public limited liability company.
DIRECTORS
|
Mr. Narayan Swami Ramj |
Director |
|
Mr. Gopalan Bala Chandran |
Managing Director |
|
Dr. Jyotirmay Maiti |
Director |
|
Mr. B Pradhan |
Director |
|
Mr. N. K. S. Jhata |
Director |
|
|
|
particulars of chief executives
|
Mr. Gopalan Bala Chandran |
Managing Director |
|
Address |
F-1, 44, Ironside Road, Kolkata – 700 019, West Bengal |
|
Date of Birth |
2.01.1952 |
major shareholders
|
Names
of Shareholders |
|
Government of West Bengal |
BUSINESS
Subject is engaged in the business as traders of Essential Commodities such as Sugar, Wheat, Rice, Mustard Oil, Vegetable Oils and Fats (Excluding Corn Oil).
The company's capacity and production during the year 2003-2004 were as under :
|
Class of Goods |
|
|
|
Installed
Capacity |
|
Edible Oil |
|
|
|
94592 |
|
Coconut Oil |
|
|
|
187326.470 |
|
Rice, Sugar, Wheat and Atta |
|
|
|
|
Generic Names of Principal Products/Services of the company are :-
· Palmolein Oil
· Cement
· Sugar
· Coconut oil
· Wheat
· Edible Oil
It is proposed to export to UK, Germany and France.
It purchases against L/C or Credit (30 days) terms.
It sells against L/C or Credit (30 days) terms.
Its’ major customers include retailers and government bodies.
Its’ major customers are mainly selling to Ration Shops in West Bengal State.
Its’ major suppliers are mainly buying from Local Markets.
Subject operates from caption leased office premises of area admeasuring 1800 sq.ft. which is situated in commercial area.
Caption factory premises of area admeasuring 30000 sq. fts. is leased.
The
company employs around 62 persons in its set up comprising of 12 persons as
office staff and 50 persons as factory workers.
parent company
A West Bengal Government Company
BANKERS
v State bank of India
Park Street, Kolkata – 700017
v Punjab National Bank
New Market branch, Kolkata – 700016
v Oriental Bank of commerce
Park Street, Kolkata – 700017
v United bank India
Park Street, Kolkata – 700016
AUDITORS
Saks & Company
Chartered Accountants
5, Lalin, Sarani, 2nd Floor, Kolkata – 700013, West Bengal
Tel No.: 91-33-22286586 / 8740
FINANCIAL INFORMATION
The company's last available financial information for the period ended 31st March, 2004 is enclosed herewith.
CAPITAL STRUCTURE
|
Authorised Capital : |
||
|
2,00,000 |
Equity Shares of Rs. 100/- each |
Rs. 20.000 millions |
|
|
|
|
|
Issued, Subscribed &
Paid-up Capital : |
||
|
1,08,000 |
Equity Shares of Rs. 100/- each |
Rs. 10.800 millions |
COMMENTS
Subject is a well established and reputed company having satisfactory track. Trade relations are fair. Financial position is satisfactory. Payments are correct and as per commitments.
The company can be considered good for normal business dealings.
ABRIDGED BALANCE SHEET AS ON 31ST March, 2004
[figures are in Rupees Millions]
|
SOURCES OF FUNDS |
31.03.2004 |
31.03.2003 |
31.03.2002 |
|
SHAREHOLDERS FUNDS |
|
|
|
|
1] Share Capital |
10.800 |
10.800 |
10.800 |
|
2] Reserves & Surplus |
249.425 |
237.767 |
249.425 |
|
Total |
260.225 |
248.567 |
260.225 |
|
|
|
|
|
|
LOAN FUNDS |
|
|
|
|
1] Secured Loans |
2.935 |
250.000 |
2.936 |
|
2] Unsecured Loans |
410.000 |
0.000 |
410.000 |
|
|
|
|
|
GRAND TOTAL
|
673.160 |
498.567 |
673.161 |
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4.652 |
3.978 |
4.652 |
|
Capital work-in-progress |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
70.000 |
70.000 |
70.000 |
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
Inventories |
274.090 |
125.972 |
262.505 |
|
Sundry Debtors |
118.118 |
81.111 |
118.119 |
|
Cash & Bank Balances |
444.553 |
531.677 |
444.555 |
|
Other Current Assets |
0.000 |
0.00 |
11.584 |
|
Loans & Advances |
346.412 |
135.838 |
346.412 |
|
Total Current Assets |
1183.173 |
874.598 |
1183.175 |
|
Less : |
|
|
|
|
Current Liabilities |
515.863 |
389.809 |
515.864 |
Provisions |
68.802 |
60.200 |
68.802 |
|
Net Current Assets |
598.508 |
424.589 |
598.509 |
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
GRAND TOTAL
|
673.160 |
498.567 |
673.161 |
IMPORTANT FINANCIAL INFORMATION FOR LAST Three PERIODS
[figures are in Rupees Millions]
|
PARTICULARS |
31.03.2004 |
31.03.2003 |
31.03.2002 |
|
Sales Turnover |
3940.353 |
1074.487 |
3763.188 |
|
[including other income] |
|
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
23.096 |
14.212 |
23.054 |
|
Provision for Taxation |
2.305 |
0.000 |
2.258 |
|
Profit/(Loss) After Tax |
20.791 |
14.212 |
20.796 |
|
|
|
|
|