MIRA
INFORM REPORT
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Report Date : |
01.09.2007 |
IDENTIFICATION
DETAILS
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Name : |
RADHA EXIM PRIVATE LIMITED |
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Registered Office : |
Radha Kunj, 455, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
01.04.1999 |
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Com. Reg. No.: |
21-089146 |
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CIN No.: [Company
Identification No.] |
U51109WB1999PTC089146 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CALR06341G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of Rice, Agro Products and Chemicals |
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. |
Small |
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Maximum Credit Limit : |
USD 1000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having satisfactory
track. Directors are reported as experienced
and respectable businessman. Trade
relations are reported as fair.
Business is active. Payments
are usually correct and as per commitments. The concern can be considered normal for business dealing at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
Radha Kunj, 455, |
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Tel. No.: |
91-33-25116656 / 7416 / 25111420 / 1421 |
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Fax No.: |
91-33-25117103 |
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Mobile No. : |
91-9830057953 |
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E-mail : |
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DIRECTORS
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Name : |
Mr. Gobinda Chandra Ghosh |
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Designation : |
Director |
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Address : |
455, |
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Date of Birth/Age : |
02.07.1957 |
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Date of Appointment : |
01.041999 |
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Name : |
Shafali Ghosh |
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Designation : |
Director |
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Mobile No. : |
91-9830057953 |
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Address : |
455, |
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Date of Birth/Age : |
05.03.1968 |
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Date of Appointment : |
01.04.1999 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Gobinda Chandra Ghosh |
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4100 |
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Shafali Ghosh |
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6000 |
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Total |
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10100 |
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Equity Share
Breakup |
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Percentage of
Holding |
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Directors or relatives of Directors |
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100.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Trading of Rice, Agro Products and Chemicals |
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Products : |
Agro Products : ·
Rice ·
Wheat ·
Sugar ·
Pulses ·
Soyabean Extraction ·
Maize ·
Poultry Feed ·
Turmeric ·
Chilies ·
Garlic ·
Onion ·
Cumin Seeds ·
Dry Borzoi Chemicals : ·
Bleaching Powder ·
Caustic Soda ·
Soda Ash ·
Hydrochloric Acid ·
Sulphuric Acid Minerals :
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Exports : |
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Countries : |
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GENERAL
INFORMATION
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Bankers : |
Allahabad Bank |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
M. Ghuwalewala & Company Chartered Accountant |
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Address : |
42, |
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Associates/Subsidiaries : |
--- |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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300000 |
Equity Shares |
Rs. 10/- each |
Rs. 3.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10100 |
Equity Shares |
Rs. 10/- each |
Rs. 0.101
Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.101 |
0.101 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.170 |
[0.031] |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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0.271 |
0.070 |
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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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TOTAL BORROWING |
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0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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0.271 |
0.070 |
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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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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Cash & Bank Balances |
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0.622 |
0.110 |
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Loans & Advances |
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0.270 |
-- |
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Total
Current Assets |
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0.892 |
0.110 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.525 |
0.057 |
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Provisions |
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0.110 |
- |
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Total
Current Liabilities |
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0.635 |
0.057 |
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Net Current Assets |
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0.257 |
0.053 |
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MISCELLANEOUS EXPENSES |
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0.014 |
0.017 |
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TOTAL |
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0.271 |
0.070 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Sales Turnover (including other income) |
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6.191 |
-- |
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Total Income |
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6.191 |
-- |
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Profit/(Loss) Before Tax |
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0.311 |
[0.011] |
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Provision for Taxation |
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0.110 |
- |
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Profit/(Loss) After Tax |
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0.201 |
[0.011] |
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Expenditures : |
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Purchase |
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5.738 |
0.000 |
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Selling & Administrative Expenses |
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0.076 |
0.011 |
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Financial charges |
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0.063 |
0.000 |
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Preliminary Expenses |
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0.003 |
0.000 |
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Total Expenditure |
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5.880 |
0.011 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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3.24 |
-- |
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Net Profit Margin (PBT/Sales) |
(%) |
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5.02 |
-- |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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34.86 |
0.10 |
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Return on Investment (ROI) (PBT/Networth) |
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1.14 |
0.15 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.34
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0.55 |
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Current Ratio (Current Asset/Current Liability) |
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1.40
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1.94 |
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE
DETAILS:
Subject is
one of the leading manufacturers and exporters of Agro Products, Chemicals
& Minerals that are supplied to various parts of the world. They
promise to offer fine quality Agro Products, Chemicals & Minerals at
competitive price that are on scheduled time. For the past few years, they have
achieved immense exposure in providing best quality products to their
customers. They have a dedicated R&D department for the farmers &
millers that look after the enhancement of nutritious values, taste &
quality of their products.
Infrastructure
Subject has installed all the
latest equipment and state-of-the-art techniques to maintain the quality of the
products. They have the finest grading and sorting machines and highly
sophisticated technique that cater to the demands of their global clients.
Their trained professionals carry out their each work with complete proficiency
and perfection.
Quality
They take utmost care in performing all the activities like
sorting, grading, packing, shifting of the cargo to port and onward shipment.
Right from the selection of seeds to the dispatch of final products, they take
great care so that only the best quality reaches the market. At various stages
like unloading the procured cargo, processing stage, bagging the cargo from the
initial stage to the pre-shipment analysis, they ensure that hygiene and
quality of their product is maintained at the maximum. They also lay great
emphasis on packaging so that no chances are taken to compromise with the
quality. They have a dedicated and committed quality control team that
constantly monitor each process at every stage of operation.
Bankers Charges
Report as per Registry
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Corporation identity number or foreign company registrations number of the company |
U51109WB1999PTC089146 |
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Name of the company |
RADHA EXIM PRIVATE LIMITED |
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Address |
455, |
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This Form is for |
Creation of Charge |
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Type of charge |
Hypothecation |
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Particular of
charge holder |
Allahabad Bank 57, |
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Nature of
description of the instrument creating or modifying the charge |
General letter of
hypothecation dated 06.02.2006 |
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Date of
instrument Creating the charge |
06.02.2006 |
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Amount secured by
the charge |
Rs. 13.100
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
As per statement |
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Short particulars
of the property charged |
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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
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Indian Rupees |
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US Dollar |
1 |
Rs. 40.88 |
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1 |
Rs. 82.58 |
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Euro |
1 |
Rs. 35.22 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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 |
YES |
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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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36 |
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. |
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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