MIRA
INFORM REPORT
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Report Date : |
28.06.2007 |
IDENTIFICATION DETAILS
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Name : |
P R AGRO NUTRI
PRIVATE LIMITED |
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Registered Office : |
Plot No. 1320, House No. 8-3-319/8/9, Yellareddyguda, |
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Country : |
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Financials (as on) : |
31.03.2007
(Provisional) |
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Date of Incorporation : |
29.05.2002 |
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Com. Reg. No.: |
01-39042 |
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CIN No.: [Company
Identification No.] |
U24299AP2002PTC039042 |
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IEC No.: |
0902003020 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDP01315G |
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PAN No.: [Permanent
Account No.] |
AACCP5170D |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Importer, Distributor
and marketer of water soluble fertilizers. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 76000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well
– established company having moderate track records. Profit margin is very
low. Trade relations are fair. Payments are slow but correct. The company can
be considered normal for business dealings at usual trade terms and
conditions. |
LOCATIONS
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Registered Office : |
Plot No. 1320, House No. 8-3-319/8/9, Yellareddyguda, |
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Tel. No.: |
91-40-23743192/ 23801288 |
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Fax No.: |
91-40-23743192/ 23801299 |
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E-Mail : |
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Website : |
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Area : |
2300 Sq. ft |
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Location : |
Leased |
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Administrative Office |
G –1, |
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Tel. No.: |
91-40-23801288 |
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Fax No.: |
91-40-23801299 |
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Area : |
1550 Sq. fts. |
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Location : |
Leased |
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Branches : |
PUNE : Flat No: 6, Grafikon Paradise, Plot No :
54/55, Survey No : 19/2&20/1, |
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Tel. No.: |
91-20-26853803, |
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Mobile No.: |
9422003602 |
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Area : |
1200 Sq. fts. |
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Location : |
Leased |
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Branches : |
AHMEDABAD: C – 31, Takshila, |
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Tel. No.: |
91-79-6751470 |
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Area : |
500 Sq. fts |
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Location : |
Leased |
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Branches : |
15 – G, Opposite Police Station, BRS Nagar,
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Tel. No.: |
91-172-221431 |
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Area : |
400 Sq. fts. |
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Location : |
Leased |
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Branches : |
TIRUCHIRAPALLY : 56-B, |
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Tel. No.: |
0091-431-2713843/2780371 |
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Mobile No.: |
91-9443133784 |
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Area : |
600 Sq. fts. |
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Location : |
Leased |
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Branches : |
Door No. 75/C, Ward No. 10, Basha Ginning
Complex, Near Kanekal Bus Stand, Bellary – 583 101 |
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Tel. No.: |
91-839-279487 |
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Area : |
500 sq. fts. |
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Location : |
Leased |
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Branches : |
2/9, Trinetra Market,3rd Main,
New Taragupet, |
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Tel. No.: |
91-80-6700589 / 56978764 |
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Area : |
500 Sq. fts. |
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Location : |
Leased |
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Branches : |
IDUKKI: |
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Area : |
500 Sq. fts. |
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Location : |
Leased |
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Branches : |
KHARGONE:
Opposite circuit House, |
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Tel. No.: |
91-7282-236145 |
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Area : |
1000 Sq. fts. |
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Location : |
Leased |
DIRECTORS
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Name : |
Mrs. D. Parvathi
Devi |
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Designation : |
Whole Time
Director |
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Address : |
Plot No. 1320, H-
No. 8-3-319/8/9, Yellaredyguda, |
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Date of Birth/Age : |
06.08.1967 |
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Qualification : |
B. Com |
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Experience : |
10 years |
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Date of Appointment : |
29.05.2002 |
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Name : |
Mrs. K. Sri
Lakshmi |
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Designation : |
Whole Time
Director |
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Address : |
303, Venkata Rama
Apartment, |
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Date of Birth/Age : |
30.08.1967 |
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Qualification : |
B.Com |
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Experience : |
7 years |
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Date of Appointment : |
11.11.2002 |
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Name : |
Mr. D. V. Rama Raju |
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Designation : |
Managing Director |
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Address : |
Plot No. 1320, H- No. 8-3-319/8/9, Yellaredyguda, |
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Date of Birth/Age : |
02.08.1963 |
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Qualification : |
M.Sc. (Ag.) |
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Experience : |
17 years |
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Date of Appointment : |
11.11.2002 |
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Name : |
Mr. K. Praveen Kumar |
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Designation : |
Executive Director |
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Address : |
303, Venkata Rama Apartment, |
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Date of Birth/Age : |
16.07.1960 |
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Qualification : |
B. Sc. (Ag.) |
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Experience : |
20 years |
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Date of Appointment : |
11.11.2002 |
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Name : |
Mr. S. S. N. Raju |
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Designation : |
Director |
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Address : |
HIG – 78, Housing
Board Colony, Bhimavaram, West Godavari District |
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Date of Birth/Age : |
15.06.1938 |
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Qualification : |
Inter |
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Experience : |
29.05.2002 |
KEY EXECUTIVES
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Name : |
Mr. M Suneel Kumar |
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Designation : |
Company Secretary |
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Tel No.: |
91-40-23411167 |
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Mobile No.: |
91-9849821512 |
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E-Mail: |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. D. V. Rama
Raju |
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183000 |
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Mr. K. Praveen
Kumar |
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169500 |
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Mr. S. S. N. Raju |
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11000 |
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Mrs. D. Parvathi
Devi |
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11000 |
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Mrs. K.
Srilakshmi |
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65500 |
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Mr. N. V. S. S.
Ravi Prasad |
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20000 |
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Mr. Munmun Raut |
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5000 |
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Mr. Ravinderjit
Singh |
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10000 |
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Mr. Battini
Lakshmi |
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10000 |
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Mr. Ganesh S.
Mapari |
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10000 |
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Mr. Anup Kaumar
Raut |
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35000 |
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Mr. B. Vinay
Kumar |
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20000 |
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Mr. Sachin
Kulkarni |
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5000 |
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Ms. Sonali
Kulkarni |
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5000 |
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Mr. D V Krishna
Varma |
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10000 |
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Mr. Saman Preet
Kaur |
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10000 |
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Mr. Manoj Pal |
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10000 |
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Mr. V V
Satyavathi Dantuluri |
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10000 |
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Ms. Radhika Raju
Dantuluri |
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10000 |
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Mr. Shanmukha
Saravanan |
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20000 |
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Mr. D
Venkatapathi Raju |
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10000 |
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Mr. NVSS Ravi
Prased |
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52500 |
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Mr. Cheruuvu
Karuna |
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7500 |
BUSINESS DETAILS
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Line of Business : |
Importer,
Distributor and marketer of water soluble fertilizers. |
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Products : |
v
KNO3
:
13-00-45 - AgriPLUS v
M.A.P
:
12-61-00 - AgriPLUS v
M.K.P.
:
00-52-34 – AgriPLUS v
N-P-K’S
: 19-19-19, 20-20-20,
13-40-13- AgriPLUS v
S.O.P.
:
00-00-50 - SoluPotasse v
CaNO3 : 15.5-00-00-18.8
Ca - CaNsol v
Fe-EDTA
– Rexoline ® v
Fe-DTPA - Rexoline ® v
Fe-EDDHA
– Rexoline ® v
Zn-EDTA
– Rexoline ® v
Ca-EDTA
– Rexoline ® v EDTA Mix – Rexoline ® |
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Agencies Held : |
v
Haifa
Chemicals Limited, v
Tessenderlo
Chemie N.V / v
Poni
France Limited, v
Yara
International ASA, v
Akzo
Nobel Functional Chemicals B V, The |
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Imports from: |
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Terms : |
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Selling : |
Cash and Credit
(60/90 days – depends upon customers) terms |
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Purchasing : |
Draft [+ 90/120
days], CAD or L/C (90/120 days) terms |
GENERAL INFORMATION
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Customers : |
Wholesalers, Retailers and End Users. |
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No. of Employees : |
24 |
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Bankers : |
˜
State
Bank of ˜
UTI Bank
Limited, Jubilee Hills Branch, Commercial Complex, Ground Floor, Plot No. 11,
Road No. 1, Film Nagar, Jubilee Hills, Hyderabad – 500 034, Andhra Pradesh ˜
ING Vysys Bank Limited, |
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Facilities : |
State Bank of FLC Limits: Rs. 9.500 millions CC Limits: Rs. 15.000 millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
P. R. Datla &
Company Chartered
Accountants |
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Address : |
Lakshmi Prasanna Nilayam,
Durganagar Colony, Ameerpet, |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1500000 |
Equity Shares |
Rs.10/-
each |
Rs. 15.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
700000 |
Equity Shares |
Rs.10/-
each |
Rs. 7.000 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 (Provisional) |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
7.000 |
7.000 |
7.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
12.046 |
5.752 |
2.251 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
19.046 |
12.752 |
9.251 |
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LOAN FUNDS |
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1] Secured Loans |
12.861 |
5.356 |
0.000 |
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2] Unsecured Loans |
2.490 |
1.767 |
5.321 |
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TOTAL BORROWING |
15.351 |
7.123 |
5.321 |
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DEFERRED TAX LIABILITIES |
0.188 |
0.188 |
0.153 |
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TOTAL |
34.585 |
20.062 |
14.725 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.858 |
2.032 |
1.998 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000
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Sundry Debtors |
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|
0.000
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Cash & Bank Balances |
51.956
|
33.004 |
1.700
|
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Other Current Assets |
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|
21.050
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Loans & Advances |
|
|
0.733
|
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Total
Current Assets |
51.956
|
33.004 |
23.483 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
19.257
|
15.002 |
10.293
|
|
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Provisions |
|
|
0.514
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Total
Current Liabilities |
19.257
|
15.002 |
10.807
|
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Net Current Assets |
32.699
|
18.002 |
12.676
|
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MISCELLANEOUS EXPENSES |
0.028 |
0.028 |
0.051 |
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TOTAL |
34.585 |
20.062 |
14.725 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 (Provisional) |
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
139.864 |
106.078 |
80.376 |
|
|
Closing Stock |
23.269 |
15.387 |
0.000 |
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Other Income |
0.100 |
0.092 |
0.000 |
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Total Income |
163.233 |
121.556 |
80.376 |
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Profit/(Loss) Before Tax |
9.829 |
6.174 |
2.162 |
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Provision for Taxation |
3.535 |
2.674 |
0.791 |
|
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Profit/(Loss) After Tax |
6.294 |
3.500 |
1.370 |
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Expenditures : |
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Opening Stock |
15.387 |
16.356 |
0.000 |
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Purchases |
109.829 |
72.199 |
0.000 |
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Administrative Costs |
16.386 |
13.099 |
0.000 |
|
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Selling and distribution Expenses |
9.342 |
12.048 |
0.000 |
|
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Depreciation |
0.262 |
0.247 |
0.000 |
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Directors Remuneration |
2.100 |
1.407 |
0.000 |
|
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Miscellaneous Expenses to be Written off |
0.000 |
0.028 |
0.000 |
|
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Other Expenditure |
0.000 |
0.000 |
78.213 |
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Total Expenditure |
153.404 |
115.382 |
78.213 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
3.86
|
2.88 |
1.70
|
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Net Profit Margin (PBT/Sales) |
(%) |
7.03
|
5.82 |
2.68
|
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Return on Total Assets (PBT/Total Assets} |
(%) |
18.26
|
17.62 |
8.48
|
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Return on Investment (ROI) (PBT/Networth) |
|
0.52
|
0.48 |
0.23
|
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Debt Equity Ratio (Total Liability/Networth) |
|
1.82
|
1.74 |
1.74
|
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Current Ratio (Current Asset/Current Liability) |
|
2.70
|
2.20 |
2.17
|
LOCAL AGENCY FURTHER INFORMATION
Trade References
v
Simky Bar – Sinai, Regional Manager –
v
Nicolas WHITE, General Manager – Fertilizers,
Tessenderio Chemie N V / S A, Rue du trone 130, Brussels – 1050, Belgium Tel
No.: 00 322 639 1739
v
The Kim Sing, Director, Yara Asia Private Limited.,
238B, Thomson Road, #10-01/04 and #10-07/08, Novena Square Tower B, Singapore –
307 685 Tel No.: 65 -6309 5600 Fax No.: 65 6297 0025
v
Sumitro Wijaya, Marketing Manager, South Asia
Pacific, Akzo Nobel Functional Chemicals Private Limited., 41, Science Park
Road, #03 -04, The Gemini Singapore Science Park – II, Singapore – 117 610
Tel No.: 00 65 6773
8488, Fax No.: 00 65 6358 0659
Credit
Facility from State Bank of
M/s. State Bank of
India, yellareddyguda Branch had vide their letter dated 01.03.2004 sanrtioned
the company cash credit limits of Rs. 2.500 millions and foreign letters of
credit limits of Rs. 9.500 millions all the formalities relating to the said CC
and FLC limits had been completed and the company had been availing the
aforesaid limits from M/s. State Bank of India
Fixed Assets
v
Furniture
& Fixture
v
Computer
v
Plant
& Machinery
v
Cars
|
Name of the company |
P R
AGRO NUTRI PRIVATE LIMITED |
|
Presented By |
Mr. D V Rama Raju |
|
1) Date and description of instrument creating the change |
Dated 25.03.2003 Agreement for hypothecation of stock in trade, machinery, book debts, bills and all other movables |
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2) Amount secured by the charge/amount owing on the securities of charge |
Cash credit limit – Rs. 1.000 Millions Import LC (90 days) Rs. 5.000 Millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of stocks hypothecation of receivable book debts aged not more than 90 days will be considered for arriving at DP though entire book debts imported document received under LC |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Book the limit are valid up to 03.01.2004 and the limit should got renewed before the validity period Rate of Interest Cash Credit – PLR + 3.50% - Present PLR 11.50% Import LC – as per FEDAI rules and CO cir issued Margin Cash Credit – 25% on stocks and 50% on receivable Import LC – 15% in term Deposits |
|
5) Name and Address and description of the person entitled to the charge. |
ING Vysys Bank Limited, |
|
6) Date and brief description of instrument modifying the charge |
Not Applicable |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Not Applicable |
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Name of the company |
P R AGRO
NUTRI PRIVATE LIMITED |
|
Presented By |
D Venkata Rama Raju |
|
1) Date and description of instrument creating the change |
07.05.2004 Form C1 – Agreement of loan for overall limit for Rs. 12.000 Millions Form C2 – Agreement of hypothecation of goods and assets for Rs. 12.000 Millions Form C3 – Form C4 and Form C5 – Letter regarding grant of individual limits within the overall limit (Cash credit limit of Rs. 2.500 Millions and foreign letters of credit limit of Rs. 9.500 Millions ) |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 12.000 millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of stocks, receivable, book debts and other assets including packing material |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Terms and conditions Security – Primary – Hypothecation of stocks of goods and receivable, book debts Collateral security and Guarantees Equitable mortgage of the properties detailed in the
annexure and personal guarantee of Sarvashri D Venkataramaraju, MD, K Praveen
Kumar D, Rate of Inertest – 2.50% above SBAR minimum 12.75% with monthly rests as applicable to credit rating SB – 4 Margin – 25% on stocks, 40% on receivables and a cash margin of 25% on letter of credit |
|
5) Name and Address and description of the person entitled to the charge. |
State Bank of |
|
6) Date and brief description of instrument modifying the charge |
24.01.2006 Form C1A, Supplemental of loan for increase in overall limit) for Rs. 17.000 Form C2A – (Supplemental agreement of hypothecation of goods and assets for increased in overall limit) for Rs. 17.000 Form C4A – (Supplemental deed of guarantee for increased in overall limit) Rs. 17.000 SME – 7, (Memorandum for recording extension of mortgage by deposit of title deeds covering enhanced limits) Rs. 17.000 |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Cash Credit – Rs. 2.500 (Original Limit) – Rs. 7.500 (Enhanced Limit) Foreign Letter of Credit - Rs. 9.500 (Original Limit) – Rs. 9.500 (Enhanced Limit) Terms and conditions Security – Primary – Hypothecation of stocks of goods and receivable, book debts Collateral security and Guarantees Equitable mortgage of the properties detailed in the
annexure and personal guarantee of Sarvashri D Venkataramaraju, MD, K Praveen
Kumar D, Rate of Inertest – 1.50% above SBAR minimum 11.75% with monthly rests as applicable to credit rating SB – 2 Margin – 25% on stocks, 40% on receivables and a cash margin of 25% on letter of credit |
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|
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Name of the company |
P R
AGRO NUTRI PRIVATE LIMITED |
|
Presented By |
D Venkata Rama Raju |
|
1) Date and description of instrument creating the change |
07.05.2004 Form C1 – Agreement of loan for overall limit for Rs. 12.000 Millions Form C2 – Agreement of hypothecation of goods and assets for Rs. 12.000 Millions Form C3 – Form C4 and Form C5 – Letter regarding grant of individual limits within the overall limit (Cash credit limit of Rs. 2.500 Millions and foreign letters of credit limit of Rs. 9.500 Millions ) |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 12.000 millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of stocks, receivable, book debts and other assets including packing material |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Terms and conditions Security – Primary – Hypothecation of stocks of goods and receivable, book debts Collateral security and Guarantees Equitable mortgage of the properties detailed in the
annexure and personal guarantee of Sarvashri D Venkataramaraju, MD, K Praveen
Kumar D, Rate of Inertest – 2.50% above SBAR minimum 12.75% with monthly rests as applicable to credit rating SB – 4 Margin – 25% on stocks, 40% on receivables and a cash margin of 25% on letter of credit |
|
5) Name and Address and description of the person entitled to the charge. |
State Bank of |
|
6) Date and brief description of instrument modifying the charge |
Not Applicable |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Not Applicable |
As per Website
Details:
M/s PR Agro Nutri (Pvt.) Limited,
The main sources of our imports:
M/s Haifa Chemicals Ltd., Haifa, Israel for products like KNO3, MAP, MKP
and Soluble NPK’s.
M/s Tessenderlo Chemie NV/SA, Brussels, Belgium for Soluble S.O.P.,
M/s Yara International, Norway for Calcium Nitrate Solution Grade.
They market their products in 11 States supported by 9 Branch Offices (List enclosed) and 16 ware houses to cater
to the needs of dealers and farmers of different regions in different states of
The products imported by us are tested and approved by various Central and
State Government Research Institutes, Universities etc..
About Us
M/s PR Agro Nutri (Pvt.) Limited,
M/s Haifa Chemicals Ltd., Haifa, Israel for products like KNO3, MAP, MKP
and Soluble NPK’s.
M/s Tessenderlo Chemie NV/SA, Brussels, Belgium for Soluble S.O.P.,
M/s Yara International, Norway for Calcium Nitrate Solution Grade.
PR
Agro is currently marketing these products in 11 States supported by 9 Branch
Offices ( List enclosed ) and 16 ware houses to
cater to the needs of dealers and farmers of different regions in different states
of
The products imported by us are tested
and approved by various Central and State Government Research Institutes,
Universities etc..
Their clientele ranges from progressive leading farmers to corporate companies
which are into processed agri-output business, seed production, floriculture
etc., etc...
Products
They import the following products and their
application is briefly narrated as under:
AgriPLUSTM KNO3 (13-0-45):
It
is the only fertilizer which has 100% nutrients and in the readily available
form, hence taken up by the plants immediately. In addition to its usage for
nutrition, AgriPLUS KNO3 is also used as a flower inducer in Mango, as a
dormancy breaking agent in deciduous fruit crops like Grapes, Apple etc., and
as a Pesticide in Citrus to keep mite and scale insects population under check
when sprayed at high concentrations. It is compatible with most of the commonly
used pesticides and fungicides, and hence
low application costs.
AgriPLUSTM
NPKs (19-19-19+, 20-20-20+, 13-40-13+):
A
family of NPK Chlorine free complex fertilizers, fully soluble in water
(available with or without Magnesium (Mg) and other micro nutrients). Available
in dry, crystalline form, containing N-P-K in various ratios to meet the
nutritive requirements of any particular crop at different growth stages. PR
Agro Nutri Private Limited.
AgriPLUSTM MAP (12-61-0):
Mono-ammonium phosphate, a fully water-soluble and a very efficient N-P
fertilizer. Recommended for fertigation and foliar applications, when ever
phosphorous requirement of a crop is high.
AgriPLUSTM MKP (0-52-34):
Mono-potassium phosphate, a new high concentration P & K fertilizer.
Recommended for fertigation, at crop stages when Nitrogen requirement is at
low. It can also be used for foliar application in flowers, fruits and
vegetables, particularly at pre-flowering and fruiting stages to induce more
number of flowers and fruits.
SoluPotasse/Sol K® - Soluble S.O.P (0-0-50):
Soluble S.O.P is a fully water soluble Potassic fertilizer. Recommended for
fertigation in fruit crops during maturity and ripening stages as a source of
Potassium.
CaNsol® - Calcium Nitrate solution
grade(15.5-0-0-18.8):
Calcium Nitrate solution grade is a fully water soluble fertilizer. Recommended
for fertigation in Horticulture and Floriculture and for foliar nutrition in
crops such as Tomato, Potato, Groundnut etc., where ever calcium requirement of
a crop is high and nitrate nitrogen is essentially required.
Rexolin® Chelated Micro Nutrients and their Mixtures :
Fully Chelated Micronutrients (EDTA, EDDHA, DTPA compounds) due to their
availability at all ranges of soil and water pH are recommended for fertigation
and foliar nutrition in all the crops.
Water Soluble
Fertilizers
WHY 100% WATER SOLUBLE FERTILIZERS
Water
is the main and scarce input for agriculture and the need to ensure maximum utilization
of the same needs hardly over emphasized. The best and possible way of
efficiently managing both Water and Nutrients is the adoption of Micro
Irrigation technique.
The Micro Irrigation Systems (Drip/Sprinklers) acts as a vehicle not only for carrying
and delivering small quantities of Water at frequent intervals at the root
zone, but also in delivering the Nutrients. This technique
(Fertigation) will help in minimizing the
losses of water and applied nutrients, which are estimated to be more than 60%
under traditional methods of application.
The concept of Fertigation further made it possible to apply the exact
quantities of different nutrients in right proportions for a crop, according to
its needs at different growth stages. For this method of application, 100%
water - soluble fertilizers is required to ensure that the nutrients do not
clog the micro irrigation system.
The
need for use of a new class of complete water soluble fertilizers which are
free from harmful elements has been felt in order to ensure maximum usage of
the nutrients. Considering the importance of Water Soluble Fertilizers for
different nutrients in
LIST & SOURCES
OF 100% WATER SOLUBLE FERTILIZERS IMPORTED AND MARKETED IN
|
Sl.No. |
Name of
Fertilizer |
TradeMark/Brand
Name |
Available
Packings |
Sources |
|
1. |
Potassium Nitrate |
AgriPLUSTM KNO3 |
25 Kg. |
Haifa Chemicals
Ltd., |
|
2. |
Mono Potassium Phosphate |
AgriPLUSTM M.K.P |
25 Kg. |
-DO- |
|
3. |
Mono Ammonium Phosphate |
AgriPLUSTM M.A.P |
25 Kg. |
-DO- |
|
4. |
NPK 20-20-20+ |
AgriPLUSTM NPK |
25 Kg. |
-DO- |
|
5. |
NPK 19-19-19+ (100% Water Soluble) |
AgriPLUSTM NPK |
25 Kg. |
-DO- |
|
6. |
NPK 13-40-13+ |
AgriPLUSTM NPK |
25 Kg. |
-DO- |
|
7. |
Calcium Nitrate |
CaNsol® |
25 Kg. |
YARA
International Inc, |
|
8. |
Sulfate of Potash |
Solu Potasse/ Sol
– K® |
25 Kg. |
Tessenderlo
ChemieNV/SA, |
|
9. |
Fe – EDTA (13%) |
Rexolin® E-Fe-13 |
0.500 Kg |
Akzo Nobel
Functional Chemicals B.V, TheNetherlands |
|
10. |
Fe – DTPA (12%) |
Rexolin® –D-12 |
25 Kg. |
-DO- |
|
11. |
Fe – EDDHA (6%) |
Rexolin® Q |
1Kg |
-DO- |
|
12. |
Zn – EDTA (15%) |
Rexolin® E-Zn-15 |
0.500 Kg |
-DO- |
|
13. |
Ca-EDTA (9.7%) |
Rexolin® Ca |
0.500 Kg |
-DO- |
|
14. |
EDTA MIX |
Rexolin® CXK |
0.500 Kg |
-DO- |
Fertigation
AGRONOMIC
& ECONOMIC EFFICIENCY:
In
the Fertigation and Foliar Nutrition studies taken up on a vide range of crops
at different Agricultural Universities/Research Institutes as well as Progressive
Farmers fields, Specialty Fertilizers are found to be very effective, not only
in increasing the yields and improving the quality of produce but also the
economic efficiency.
Fertigation Trials:
Fertigation with Specialty Fertilizers has helped in increasing the
yields of different crops ranging from 12% to 76%. In addition to the increase
in yields improvement in quality parameters are noted in different crops like
brix of Grape, size and color of Pomegranate, Oleoresin content in Paprika, Tuber
size – specific gravity and TSS in Potato, Oil percentage in Oil palm, and
color, luxor and shelf life of cut flowers. There is also a tremendous
improvement in farmer returns and the highest noted so far is in Sugarcane crop
(150%). Marginal Cost Benefit Ratios (MCBR – Ratio between the Additional
Investment on Soluble Fertilizers Vs Market Value of Additional Yield) worked
out in different crops are very encouraging.
Summary of Fertigation Trials with productivity improvement and Marginal
Cost Benefit Ratio (MCBR):
|
CROP |
% Yield Increase |
MCBR |
|
Grape |
40.0 |
8.0 |
|
Banana |
35.0 |
15.0 |
|
Pomegranate |
24.0 |
15.0 |
|
Chickoo |
12.0 |
NA |
|
Guava |
27.2 |
2.0 |
|
Sugarcane |
70.0 |
12.0 |
|
Maize |
12.0 |
NA |
|
Oil Palm |
83.0 |
NA |
|
Coconut |
12.0 |
NA |
|
Capsicum |
25.0 |
NA |
|
Paprika |
36.3 |
3.2 |
|
Chilly |
15.0 |
1.8 |
|
Tomato |
31.0 |
NA |
|
Potato |
76.0 |
NA |
|
Gherkins |
21.7 |
4.0 |
|
French Beans |
28.0 |
3.0 |
Foliar
AGRONOMIC
& ECONOMIC EFFICIENCY:
In
the Fertigation and Foliar Nutrition studies taken up on a vide range of crops
at different Agricultural Universities/Research Institutes as well as
Progressive Farmers fields, Specialty Fertilizers are found to be very
effective, not only in increasing the yields and improving the quality of
produce but also the economic efficiency.
Foliar Nutrition
Trials:
Foliar nutrition with Specialty fertilizers has helped in increasing the
yields ranging from 6.7% in Okra to 60% in Plums. Cost Benefit Ratios/Marginal
Cost Benefit Ratios worked out in different crops are encouraging the farmers
to adopt foliar nutrition as a practice but not as a medicine to correct the
deficiencies.
Summary of Foliar Nutrition Trials with productivity improvement and Marginal
Cost Benefit Ratio (MCBR):
|
CROP |
% Yield Increase |
MCBR |
|
Rice |
24.0 |
4.0 |
|
Maize |
17.3 |
3.2 |
|
Cotton |
49.3 |
7.9 |
|
Chilly |
15.0 |
4.9 |
|
Sunflower |
12.4 |
2.7 |
|
Soybean |
12.1 |
2.4 |
|
Groundnut |
19.1 |
3.3 |
|
Mango |
76.7 |
17.0 |
|
Kinnow |
28.0 |
3.2 |
|
Litchi |
23.0 |
8.5 |
|
Peach |
30.5 |
10.2 |
|
Plums |
60.0 |
8.6 |
|
Apple |
25.2 |
3.2 |
|
Brinjal |
24.0 |
5.2 |
|
Okra |
6.7 |
1.8 |
|
Cabbage |
33.0 |
8.8 |
|
Cauliflower |
18.2 |
12.9 |
|
Tomato |
18.7 |
8.6 |
|
Gherkins |
26.7 |
14.6 |
|
Baby Corn |
20.1 |
13.3 |
|
Carrot |
30.0 |
3.3 |
|
Potato |
44.0 |
11.8 |
|
Turmeric |
27.7 |
14.9 |
|
Cashew |
30.0 |
6.0 |
|
Tea |
13.0 |
18.5 |
|
Coffee |
81.0 |
22.0 |
|
Black Pepper |
47.0 |
28.0 |
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 41.01 |
|
|
1 |
Rs. 81.74 |
|
Euro |
1 |
Rs. 55.04 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
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 |
|
TOTAL |
|
44 |
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history (10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|