MIRA
INFORM REPORT
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Report Date : |
08.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
KAILASH RICE AND GENERAL MILLS PRIVATE LIMITED |
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Registered Office : |
V.P.O. Aryanwal, Kapurthala, Kapurthala, Jalandhar 144 601, Punjab |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
13.07.2000 |
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Com. Reg. No.: |
16-23828 |
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CIN No.: [Company
Identification No.] |
U15312PB2000PTC023828 |
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IEC No.: |
3003003577 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
JLDK00081E |
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PAN No.: [Permanent
Account No.] |
AABCK8419K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Rice. |
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 134000 |
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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 satisfactory track
records. Payments are reported as slow but correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Hemant Gupta |
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Designation : |
Director |
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Contact No.: |
Mobile no.91-9814851818 |
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Date : |
24.10.2008 |
LOCATIONS
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Registered Office/ Factory : |
V.P.O. Aryanwala, Kapurthala, Kapurthala, Jalandhar – 144 601, Punjab,
India |
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Tel. No.: |
91-1822-232971/ 237759 |
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Mobile No.: |
91-981451818 |
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Fax No.: |
91-1822-232971 / 237759 |
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E-Mail : |
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Website : |
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Area : |
10 acre |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Vipan Kumar Gupta |
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Designation : |
Managing Director |
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Address : |
Peer Chowdhary Road, Green Park, Lane No.6, Kapurthala – 144 601,
Punjab. |
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Date of Birth/Age : |
17.10.1956 |
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Qualification : |
Metrics |
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Date of Appointment : |
13.07.2000 |
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Tel. No. : |
91-1822-237856 |
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Name : |
Mr. Gulshan Kumar Gupta |
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Designation : |
Whole Time Director |
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Address : |
Peer Chowdhary Road, Green Park, Lane No.6, Kapurthala – 144 601,
Punjab. |
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Date of Birth/Age : |
17.06.1955 |
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Qualification : |
B.Com |
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Date of Appointment : |
13.07.2000 |
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Tel. No. : |
91-1822-237856 |
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Name : |
Mr. Hemant Gupta |
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Designation : |
Director |
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Address : |
Peer Chowdhary Road, Green Park, Lane No.6, Kapurthala – 144 601,
Punjab. |
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Date of Birth/Age : |
25 Years |
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Qualification : |
MBA |
KEY EXECUTIVES
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Name : |
Anuj Bansa and Associates |
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Designation : |
Company Secretary |
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Address : |
464-A, J. P. Nagar, Jalandhar 144002 |
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Tel. No.: |
91-181-4617469 |
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Mobile No.: |
91-9814032331 |
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E-mail: |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 30.09.2006
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Names of Shareholders (Equity Shares) |
No. of Shares |
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Vipan Kumar |
200 |
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Gulshan Kumar |
200 |
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Sarwan Kumar Jointly Meera Rani |
10 |
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Jugal Kishore Jointly Amita Rani |
10 |
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Madan Mohan Jointly Amita Rani |
10 |
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Parveen Kumar Jointly Amita Rani |
10 |
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Indu Rani Jointly Amita Rani |
10 |
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Tek Chand Jointly Meera Rani |
10 |
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Meera Rani Jointly Vipan Kumar |
500 |
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Amita Rani Jointly Gulshan Kumar |
500 |
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Gulshan Kumar Jointly Amita Rani |
4170 |
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Vipan Kumar Jointly Meera Rani |
4170 |
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Total |
9800 |
As on 30.09.2006
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Names
of Shareholders (Preference Shares) |
No.
of Shares |
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Gulshan Kumar HUF through Karta Gulshan
Kumar |
2500 |
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Sarwan Kumar Jointly Meera Rani |
20 |
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Jugal Kishore Jointly Amita Rani |
30 |
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Madan Mohan Jointly Amita Rani |
20 |
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Parveen Kumar Jointly Amita Rani |
1140 |
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Indu Rani Jointly Amita Rani |
40 |
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Tek Chand Jointly Meera Rani |
1340 |
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Gulshan Kumar Jointly Amita Rani |
3705 |
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Vipan Kumar Jointly Meera Rani |
3705 |
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Vipan Kumar HUF through Karta Vipan Kumar |
2500 |
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Multiple Merchant (P) Limited |
20000 |
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Total |
35000 |
As on 30.09.2006
Equity share breakup (percentage of total equity)
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Category |
Percentage |
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Directors or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Rice. |
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Products : |
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Exports : |
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Products : |
Rice |
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Countries : |
Dubai |
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Imports : |
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Products : |
Rice |
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Countries : |
Japan |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C |
GENERAL
INFORMATION
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Customers : |
Wholesalers and Brokers |
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No. of Employees : |
550 (In office – 50, In factory -500) |
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Bankers : |
·
State Bank of India, Kapurthala – 146 001, Punjab, India ·
State Bank of Patiala |
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Facilities : |
CC – Rs.100.000 Millions
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Ashwani Gupta and Associates Chartered Accountants |
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Address : |
Opposite Friends Cinema, Jalandhar City 144 001, Punjab, India |
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Associates/Subsidiaries : |
Kailash Rice Mills Address: Pire Chaudhari Road, Kapurthala, Punjab Line of Business: Manufacturer of Rice |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.100/- Each |
Rs.1.000 Million |
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40000 |
Preference Shares |
Rs.100/- Each |
Rs.4.000 Millions |
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Total |
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Rs.5.000
Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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9800 |
Equity Shares |
Rs.100/- Each |
Rs.0.980 Million |
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35000 |
Preference Shares |
Rs.100/- Each |
Rs.3.500
Millions |
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Rs.4.480 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover (Estimated) |
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600.000 |
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Expected Sales (2008-09) : Rs.750.000 Millions
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
4.480 |
4.480 |
4.480 |
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2] Share Application Money |
0.926 |
0.926 |
2.326 |
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3] Reserves & Surplus |
21.409 |
17.593 |
12.579 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
26.815 |
22.999 |
19.385 |
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LOAN FUNDS |
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1] Secured Loans |
66.109 |
55.517 |
37.297 |
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2] Unsecured Loans |
15.428 |
13.656 |
9.650 |
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TOTAL BORROWING |
81.537 |
69.173 |
46.947 |
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DEFERRED TAX LIABILITIES |
2.255 |
1.822 |
1.513 |
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TOTAL |
110.607 |
93.994 |
67.845 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
37.114 |
34.758 |
25.712 |
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Capital work-in-progress |
2.829 |
0.000 |
1.664 |
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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 |
84.927
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74.273 |
68.766 |
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Sundry Debtors |
22.148
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8.529 |
15.198 |
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Cash & Bank Balances |
0.974
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2.286 |
1.959 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
8.417
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8.940 |
2.211 |
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Total
Current Assets |
116.466
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94.028 |
88.134 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
42.445
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32.514 |
46.712 |
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Provisions |
3.367
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2.312 |
1.010 |
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Total
Current Liabilities |
45.812
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34.826 |
47.722 |
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Net Current Assets |
70.654
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59.202 |
40.412 |
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MISCELLANEOUS EXPENSES |
0.010 |
0.034 |
0.057 |
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TOTAL |
110.607 |
93.994 |
67.845 |
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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 & Other Income |
249.264 |
236.395 |
261.144 |
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Total Income |
249.264 |
236.395 |
261.144 |
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Profit/(Loss) Before Tax |
4.409 |
7.657 |
4.572 |
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Provision for Taxation |
0.593 |
2.643 |
-- |
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Profit/(Loss) After Tax |
3.816 |
5.014 |
4.572 |
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Expenditures : |
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Depreciation & Interest |
244.855 |
228.738 |
256.572 |
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Total Expenditure |
244.855 |
228.738 |
256.572 |
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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 |
(%) |
1.53
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2.12 |
1.75 |
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Net Profit Margin (PBT/Sales) |
(%) |
1.77
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3.24 |
1.75 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
2.82
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5.95 |
3.98 |
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Return on Investment (ROI) (PBT/Networth) |
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0.16
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0.33 |
0.24 |
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Debt Equity Ratio (Total Liability/Networth) |
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4.75
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4.52 |
4.88 |
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Current Ratio (Current Asset/Current Liability) |
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2.54
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2.70 |
1.85 |
LOCAL AGENCY
FURTHER INFORMATION
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Additional
Requirement of Indiamart for Trust-Seal |
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VAT / TIN : 03211035461 |
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IEC Code : 3003003577 |
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PAN / TAN : AABCK8419K |
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Bank Name : State Bank of India |
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Bank Address : Kapurthala, Punjab |
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Bank A/c. No.: 10562043406 |
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Account Since : 8
Years |
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TRADE REFERENCES:
- Best Food International, Karnal, Haryana
- S.S.A International, Samalkha, Haryana
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This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U15312PB2000PTC023828 |
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Name of the
company |
KAILASH RICE AND GENERAL MILLS PRIVATE LIMITED |
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Address of the registered
office or of the principal place of
business in India of the company |
V.P.O. Aryanwal, Kapurthala, Kapurthala – 144 601, Punjab, India |
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Type of charge |
Immovable
Property Movable Property Others (Fixed
Assets) |
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Particular of charge
holder |
State Bank of India, Kapurthala – 146 001, Punjab, India E-Mail: sbi.01795@sbi.co.in |
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Nature of
description of the instrument creating or modifying the charge |
Letter of arrangement
dated 02.06.2007 and Agreement of Loan cum Hypothecation dated 02.06.2007. |
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Date of
instrument Creating the charge |
02.06.2007 |
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Amount secured by
the charge |
Rs.4.900 Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest:
12.75% p.a. charged with monthly rests. Terms of
Repayment: Repayment in 20 quarterly installments of Rs.0.250 Million +
Interests. Margin: 25% Extent and Operation
of the charge: 100% |
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Short particulars
of the property charged |
First Charge on P/MN And other Fixed Assets and E.M. of Factory Land and Building measuring
33 Kanal and 15 Marlas, 16K 17M, 8K-1M. |
FIXED ASSETS:
- Land Freehold
- Building
- Plant and Machinery
- Weighing Scales
- Scooter
- Line Charges PSEB
- Tractor and Trolly
- Computer
- Car
- Mobile Set
- Water Cooler
- Tarpal
- Furniture and Fixture
- Air Conditioner
- Motor Cycle
- Television
- Lab Equipment
WEBSITE DETAILS:
HISTORY
In 1983, Shri Vipin Gupta and Gulshan Gupta,
has started a small business “KAILASH RICE MILLS”, engaged in manufacture,
export and supply of variety of Indian rice. He further carried this business
to new horizons. All these years of continuous committed service has resulted a
new set up “KAILASH RICE and GEN. MILLS PRIVATE LIMITED”. They have more than
25 years of experience in the food industry and they are pioneer in KAPURTHALA
rice industry.
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 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. 49.69 |
|
UK Pound |
1 |
Rs. 72.96 |
|
Euro |
1 |
Rs.63.46 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
NO |
|
--Public Limited Liability Company. Company's Shares are Listed on the
Stocks Exchange |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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. |
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 |
|