MIRA
INFORM REPORT
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Report Date : |
29.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
AGYA HOLDINGS PRIVATE LIMITED |
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Registered Office : |
F 11/C, Okhla Industrial Area, Phase I, New Delhi 110020 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
16.06.2004 |
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Com. Reg. No.: |
55 - 127634 |
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CIN No.: [Company
Identification No.] |
U67110DL2004PTC127634 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is engaged in the business of Leasing of Property. |
RATING &
COMMENTS
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MIRAs 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 816796 |
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Status : |
Holding Company |
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Payment Behaviour : |
Un Known |
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Litigation : |
Clear |
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Comments : |
Subject is the holding Company of Agya Group, a small sized group in
North India and does not have any purchasing or Selling activities as such.
The group however seems to be fairing well. General Financial position is
satisfactory. No Payment are available due to the nature of its activity. The Group can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Abhishek Agarwal |
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Designation : |
Director |
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Contact No.: |
91-9818265903 |
LOCATIONS
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Registered Office : |
F 11/C, Okhla Industrial Area, Phase I, New Delhi 110020, India |
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Mobile No.: |
91-9818265903 |
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E-Mail : |
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Area : |
Approx 2000 Sq.ft. |
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Location : |
Leased |
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Head Office : |
B 49, Sector 51, Noida, Uttar Pradesh |
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Tel. No.: |
91-120-4358521 |
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Area : |
Approx 1500 Sq. mtrs. |
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Location : |
Leased |
DIRECTORS
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Name : |
Mr. Basu Deo Prasad Agarwal |
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Designation : |
Director |
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Address : |
B 13, Greater Kailash Enclave Part II, New Delhi 110048, India |
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Date of Birth : |
15.10.1937 |
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Qualification : |
Post Graduate |
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Date of Appointment : |
16.07.2004 |
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Name : |
Mr. Abhishek Agarwal |
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Designation : |
Director |
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Address : |
B 13, Greater Kailash Enclave Part II, New Delhi 110048, India |
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Date of Birth : |
21.09.1967 |
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Qualification : |
Post Graduate |
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Date of Appointment : |
16.07.2004 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 29.09.2007
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Names of Shareholders |
No. of Shares |
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Mr. Basu Deo Prasad Agarwal |
5000 |
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Mr. Abhishek Agarwal |
5000 |
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Total |
10000 |
Equity Share breakup (Percentage of Total Equity)
As On 31.03.2008
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Sr. No. |
Category |
Percentage |
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1. |
Directors or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the business of Leasing of Property |
GENERAL
INFORMATION
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No. of Employees : |
Around 1200 |
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Bankers : |
v Bank of India,
Overseas Branch, New Delhi v State Bank of
India, Surya Kiran Building, Connouged Place, New Delhi |
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Auditors : |
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Name : |
Dinesh Gupta and Company, Chartered Accountants |
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Address : |
403, Pratap Chambers, Gurudwara Road, Karol Bagh, New Delhi 110005,
India |
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Associates: |
Agya Imports
Limited Company Registration No.: 021544 Date of Incorporation : 23.7.1985 Registered Office Address: F 11/c Okhla Industrial
Area, Phase I, New Delhi 110020, India. v
Agya Foils and
Closures Private Limited Company Registration No.: 124092 Date of Incorporation : 15.01.2004 Registered Office Address: F 11/c Okhla
Industrial Area, Phase I, New Delhi 110020, India. v
Agya Crowns and
Tops Private Limited Company Registration No.: 127633 Date of Incorporation : 16.07.2004 Registered Office Address: F 11/c Okhla
Industrial Area, Phase I, New Delhi 110020, India. v
Agya Estates
Private Limited Company Registration No.: 127954 Date of Incorporation : 29.07.2004 Registered Office Address: F 11/c Okhla
Industrial Area, Phase I, New Delhi 110020, India. |
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100,000 |
Equity Shares |
Rs. 10/- Each |
Rs. 1.000 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
10,000 |
Equity Shares |
Rs. 10/- Each |
Rs. 0.100
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
198.751 |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
5.348 |
0.000 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
(0.235) |
(0.155) |
(0.058) |
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NETWORTH |
204.199 |
(0.135) |
(0.055) |
0.042 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
0.000 |
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TOTAL |
204.199 |
(0.135) |
(0.055) |
0.042 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
3.404 |
3.404 |
3.481 |
3.566 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
198.463 |
1.525 |
1.525 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.050
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0.000 |
0.000 |
0.000 |
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Sundry Debtors |
0.000
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0.000 |
0.000 |
0.000 |
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Cash & Bank Balances |
0.354
|
0.372 |
3.006 |
0.335 |
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Other Current Assets |
7.411
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0.000 |
0.000 |
0.000 |
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Loans & Advances |
0.500
|
3.051 |
3.062 |
4.602 |
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Total
Current Assets |
8.315
|
3.423 |
6.068 |
4.937 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
6.000
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8.504 |
11.154 |
8.494 |
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Provisions |
0.000
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0.000 |
0.000 |
0.000 |
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Total
Current Liabilities |
6.000
|
8.504 |
11.154 |
8.494 |
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Net Current Assets |
2.315
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(5.081) |
(5.086) |
(3.557) |
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MISCELLANEOUS EXPENSES |
0.016 |
0.016 |
0.024 |
0.032 |
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TOTAL |
204.198 |
(0.135) |
(0.055) |
0.042 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover (Including Other Income) |
0.025 |
0.015 |
0.007 |
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Total Income |
0.025 |
0.015 |
0.007 |
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Profit/(Loss) Before Tax |
(0.080) |
(0.097) |
(0.058) |
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Provision for Taxation |
0.000 |
0.000 |
0.000 |
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Profit/(Loss) After Tax |
(0.080) |
(0.097) |
(0.058) |
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Expenditures : |
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Depreciation & Amortization |
0.076 |
0.085 |
0.038 |
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Other Expenditure |
0.029 |
0.027 |
0.027 |
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Total Expenditure |
0.105 |
0.112 |
0.065 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
(320.00)
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(646.67) |
(828.57) |
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Net Profit Margin (PBT/Sales) |
(%) |
(320.00)
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(646.67) |
(828.57) |
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Return on Total Assets (PBT/Total Assets} |
(%) |
(320.00)
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(646.67) |
(828.57) |
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Return on Investment (ROI) (PBT/Networth) |
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(0.01)
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(0.72) |
(1.05) |
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Debt Equity Ratio (Total Liability/Networth) |
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0.02
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62.99 |
202.80 |
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Current Ratio (Current Asset/Current Liability) |
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1.39
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0.40 |
0.54 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8
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Name of the company |
AGYA HOLDINGS PRIVATE LIMITED |
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Presented By |
AGYA HOLDINGS PRIVATE LIMITED |
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1) Date and description of instrument creating the change |
No Instrument Equitable Mortgage dated 24.11.2004Reqd. on 01.12.2004 |
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2) Amount secured by the charge/amount owing on the securities of charge |
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 |
Equitable Mortgage of all that piece and parcel of Land and Building situated under Khasra No. 838, Mauza Chabra Pargana, Pachua, Tehsil Vikas Marg, Link Road, Dehradun together with easemantry and apartments there to including all structures and machinery items standing/ installed thereon and to be put up in future to secure.
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4) Gist of the terms and conditions and extent and Operation of the charge. |
The above is to secure working capital facilities of Rs. 5.000 millions sanctioned to M/s. Agya Crowns and Tops Private Limited. |
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5) Name and Address and description of the person entitled to the charge. |
Bank of India, Overseas Branch, 17, Barakhamba Road, New Delhi, India. |
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6) Date and brief description of instrument modifying the charge |
Letter from Bank dated 17.10.2003 |
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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. |
The Bank has received the credit limits of M/s. Agya Crown and Tops Private Limited which is secured by the Equitable Mortgage of Property mentioned in column No. 3 as follows : (Rs. in million) 1) Cash Credit (Stocks) Rs. 4.000 millions 2) Term Loan I Rs. 6.750 millions 3) Term Loan II Rs. 4.000 millions Total Rs. 14.750 millions |
Note:
The Registered Office of the Company is
situated at F 11/C, Okhla Industrial Area, Phase I, New Delhi 110020, India
effect from since incorporation.
Provisional
Balance Sheet as at 30.04.2008
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SOURCES OF FUNDS |
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30.04.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
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2] Share Application Money |
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|
398.751 |
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3] Reserves & Surplus |
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5.348 |
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4] (Accumulated Losses) |
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|
0.000 |
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NETWORTH |
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404.199 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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0.000 |
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DEFERRED TAX LIABILITIES |
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|
0.000 |
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TOTAL |
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404.199 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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3.404 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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|
398.463 |
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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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|
0.050
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Sundry Debtors |
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|
0.354
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Cash & Bank Balances |
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|
7.411 |
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Other Current Assets |
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|
0.000 |
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Loans & Advances |
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|
0.500 |
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Total
Current Assets |
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8.315 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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|
6.000 |
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Provisions |
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|
0.000 |
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Total
Current Liabilities |
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6.000 |
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Net Current Assets |
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2.315 |
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MISCELLANEOUS EXPENSES |
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0.016 |
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TOTAL |
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404.199 |
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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, 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] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Intl
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 :
The 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.
The Governance Assessment focuses principally on the interactions
between a companys 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. 40.14 |
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UK Pound |
1 |
Rs. 79.66 |
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Euro |
1 |
Rs. 62.92 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
7 |
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PAID-UP CAPITAL |
1~10 |
7 |
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OPERATING SCALE |
1~10 |
-- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
-- |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
7 |
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--LEVERAGE |
1~10 |
7 |
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--RESERVES |
1~10 |
7 |
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--CREDIT LINES |
1~10 |
7 |
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--MARGINS |
-5~5 |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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 |
YES |
|
--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
42 |
This score serves as a reference to assess SCs 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. |
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, they have no basis upon which to
recommend credit dealings |
No Rating |
|