MIRA
INFORM REPORT
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Report Date : |
05.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
TRIMURTI AGRI PRODUCTS PRIVATE LIMITED |
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Registered Office : |
Plot No. 88, Sector No. 19/C, Opposite – APMC Market – II, Phase – II,
Vashi, New Mumbai – 400703 |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
05.03.2004 |
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Com. Reg. No.: |
11-144871 |
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CIN No.: [Company
Identification No.] |
U01110MH2004PTC144871 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMT12103A |
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PAN No.: [Permanent
Account No.] |
AABCT9947P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
To carry on business of Manufacturer, Growers, Markers, Processors,
Importers, Exporters, Buyers, Sellers, Suppliers, Stockiest, Agent, Merchant,
Distributors, and Dealers in Corp, Seeds, Processed Seeds, Spices, Pulses,
all types of Rice and Paddies, Fresh and Dehydrated Vegetables and Fruit,
Pulps and all kinds of Food Grains and Agricultural Produce |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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Maximum Credit Limit : |
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Status : |
Small Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small company having satisfactory track
records. Directors are reported as experienced and respectable businessmen.
Trade relations are reported as fair. Business is active. Payments are
however reported as usually correct and as per commitments. The company can be considered for small business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office/Factory : |
Plot No. 88, Sector No. 19/C, Opposite – APMC Market – II, Phase – II,
Vashi, New Mumbai – 400703 |
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Tel. No.: |
91-22-27664837/4154/27652749/1293 |
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Fax No.: |
91-22-55903272 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. Jayesh Purshottam Ganatra |
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Designation : |
Director |
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Address : |
D – 701/2/3, Redwood Vasant Gardens, Off Swapna Nagari, Mulund –
400080 |
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Date of Appointment : |
05.03.2004 |
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Name : |
Mr. Himmat Jamnadas Bhanushali |
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Designation : |
Director |
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Address : |
B – 306, Aarti Apartments, S N Road, Tambe Nagar, Mulund – 400080 |
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Date of Appointment : |
05.03.2004 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
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Mr. Jayesh Purshottam Ganatra |
5000 |
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Mr. Himmat Jamnadas Bhanushali |
5000 |
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Total |
10000 |
BUSINESS DETAILS
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Line of Business : |
To carry on business of Manufacturer, Growers, Markers, Processors,
Importers, Exporters, Buyers, Sellers, Suppliers, Stockiest, Agent, Merchant,
Distributors, and Dealers in Corp, Seeds, Processed Seeds, Spices, Pulses,
all types of Rice and Paddies, Fresh and Dehydrated Vegetables and Fruit,
Pulps and all kinds of Food Grains and Agricultural Produce |
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Products : |
v
Lentils
v
Chick Peas
v
Pigeon Peas
v
Channa
v
Mung Beans v Urd
Beans |
GENERAL
INFORMATION
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Bankers : |
Not Available |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Nimesh K Chotani Chartered Accountant |
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Address : |
B-9/10, Chandra Darshan, Panch Rasta, CHS P K Road, Mulund (West),
Mumbai – 400080 |
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Memberships : |
Nil |
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Collaborators : |
Nil |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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2,000,000 |
Equity Shares |
Rs. 10/- Each |
Rs. 20.000
Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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500,000 |
Equity Shares |
Rs. 10/- Each |
Rs. 5.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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5.000 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.735 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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5.735 |
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LOAN FUNDS |
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1] Secured Loans |
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0.424 |
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2] Unsecured Loans |
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7.762 |
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TOTAL BORROWING |
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8.186 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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13.921 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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1.241 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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2.268 |
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Sundry Debtors |
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6.240 |
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Cash & Bank Balances |
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1.613 |
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Other Current Assets |
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6.326 |
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Loans & Advances |
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0.536 |
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Total
Current Assets |
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16.983 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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4.396 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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4.396 |
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Net Current Assets |
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12.587 |
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MISCELLANEOUS EXPENSES |
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0.093 |
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TOTAL |
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13.921 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2005 |
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Sales Turnover |
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0.642 |
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Other Income |
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4.599 |
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Total Income |
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5.241 |
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Profit/(Loss) Before Tax |
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1.114 |
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Provision for Taxation |
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0.000 |
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Profit/(Loss) After Tax |
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1.114 |
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Expenditures : |
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Payment to Auditors |
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0.020 |
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Interest |
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0.022 |
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Other Expenditure |
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4.084 |
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Total Expenditure |
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4.126 |
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KEY RATIOS
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PARTICULARS |
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31.03.2005 |
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PAT / Total
Income |
(%) |
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21.25 |
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Net Profit Margin (PBT/Sales) |
(%) |
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21.25 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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6.11 |
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Return on Investment (ROI) (PBT/Networth) |
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0.19 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.19 |
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Current Ratio (Current Asset/Current Liability) |
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3.86 |
LOCAL AGENCY
FURTHER INFORMATION
As per website
details
Profile
'Trimurti International', as the name suggests, they are core service people who are indenting agents in grains, rice and pulses.
Started almost a decade ago in the year 1989 by Mr Jayesh P. Ganatra and
Himmat J. Bhanushali, they are the trendsetters in the business and since
then, they haven't looked back.
Jayesh, started as a small broker who dealt mainly in the foodgrains and
pulses. Now, after 23 years of his vast experience has seen him through in the
rise of Trimurti International.
Himmat, another epitome in the company has been working for the past 22 years
in which he once worked with a trading company in Dana Bunder.
In 1989, Himmat and Jayesh established this company and since then they have specialised in Red Lentils (Masoor Dal), Chick Peas (Chana) and all types of Rice & Wheat.
With the hard work and toil all the way through, 'Trimurti
International' today holds a market share of around 80% to 85% of exports of
Masoor Dal, and are among the leading indenting agents for both exports as
well as imports of masoor and masoor dal.
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] 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.56 |
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UK Pound |
1 |
Rs.85.79 |
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Euro |
1 |
Rs.58.40 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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29 |
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
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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. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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