BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
SATYENDRA
TRADERS PRIVATE LIMITED |
Principal Name 1 |
MR. SATYENDRA ACHARATLAL SHAH |
|
Status |
SATISFACTORY |
Principal Name 2 |
MRS. RITABEN SATYENDRAKUMAR SHAH |
|
|
|
Registration # |
04-045013 |
|
Street Address |
SURVEY NO.111/4, OPPOSITE HOTEL 2000, N.H. NO.8, GOPALPURA, ANAND –
388 001, |
||
|
Established Date |
10.11.2004 |
SIC Code |
-- |
|
Telephone# |
91-2692-250201/ 02/ 03/ 04 |
Business Style 1 |
MANUFACTURING |
|
Fax # |
91-2692-250144/ 145 |
Business Style 2 |
TRADING |
|
Homepage |
-- |
Product Name 1 |
PACKING MATERIAL |
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
-- |
|
Paid up capital |
RS.59,729,500/- |
Product Name 3 |
-- |
|
Shareholders |
DIRECTORS OR RELATIVES OF DIRECTORS-91.82% OTHER TOP FIFTY SHAREHOLDERS-8.18% |
Banking |
HDFC BANK
LIMITED |
|
Public Limited Corp. |
NO |
Business Period |
7 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
145,818,000
|
Current Liabilities |
31,224,000
|
|
Inventories |
43,916,000
|
Long-term Liabilities |
71,587,000 |
|
Fixed Assets |
118,585,000 |
Other Liabilities |
23,251,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
126,062,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
122,527,000 |
|
|
|
Net Worth |
182,257,000 |
|
Total Assets |
308,319,000 |
Total Liab. & Equity |
308,319,000 |
|
Total Assets (Previous Year) |
205,732,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
862,844,000 |
Net Profit |
33,224,000 |
|
Sales(Previous yr) |
819,405,000 |
Net Profit(Prev.yr) |
16,407,000 |
MIRA
INFORM REPORT
|
Report Date : |
04.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
SATYENDRA TRADERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No.111/4, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
10.11.2004 |
|
|
|
|
Com. Reg. No.: |
04-045013 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.59.730
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51100GJ2004PTC045013 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDS08119G AHMS09923E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS5703P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of Packing Material. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 729000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to be
usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Survey No.111/4, |
|
Tel. No.: |
91-2692-250201/ 02/ 03/ 04 |
|
Fax No.: |
91-2692-250144/ 145 |
|
E-Mail : |
DIRECTORS
As on 29.09.2010
|
Name : |
Mr. Satyendra Acharatlal Shah |
|
Designation : |
Director |
|
Address : |
Ronak Bunglow, Near Ekta Pariwar, Anand V.V. Nagar Road, Anand,
Gujarat, India |
|
Date of Birth/Age : |
30.07.1966 |
|
Date of Appointment : |
10.11.2004 |
|
DIN No.: |
00585301 |
|
|
|
|
Name : |
Mrs. Ritaben Satyendrakumar Shah |
|
Designation : |
Director |
|
Address : |
Ronak Bunglow, Near Ekta Pariwar, Anand V.V. Nagar Road, Anand,
Gujarat, India |
|
Date of Birth/Age : |
30.08.1973 |
|
Date of Appointment : |
10.11.2004 |
|
DIN No.: |
00585323 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Satyendra A. Shah |
|
3560200 |
|
Ritaben S. Shah |
|
1439000 |
|
Maradona Holdings Private Limited, |
|
80000 |
|
Vikas Viniyog Private Limited, |
|
80000 |
|
S.K. Fintex Private Limited, |
|
20000 |
|
Shivpriya Finvest Limited, |
|
146250 |
|
Fateh Leasing and Finance Private Limited, |
|
56250 |
|
Hitebhai Bhupendrabhai Patel |
|
50000 |
|
Suashish Capital Private Limited, |
|
45000 |
|
Devshree Saving and Investment Company Private Limited, |
|
11250 |
|
Satyendrakumar A. Shah HUF |
|
485000 |
|
Total |
|
5972950 |
As on 29.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
91.82 |
|
Other
top fifty shareholders |
|
8.18 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Packing Material. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Unit |
|
Installed
Capacity |
Actual
Production |
|
PP Woven Sacks and Liner |
M.T. |
|
5400 M.T. per
annum |
5945.475 M.T. |
|
|
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai – 400 013, Maharashtra, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Pushpendra Gupta Chartered Accountants |
|
Address : |
407, |
|
Tel. No.: |
91-79-26461011 |
|
Mobile No.: |
91-9824066706 |
|
Income-tax
PAN of auditor or auditor's firm : |
AEHPG2833G |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5972950 |
Equity Shares |
Rs.10/- each |
Rs.59.730
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
59.730 |
59.730 |
59.730 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
122.527 |
89.303 |
72.896 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
182.257 |
149.033 |
132.626 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
51.437 |
16.366 |
0.417 |
|
|
2] Unsecured Loans |
20.150 |
0.000 |
14.952 |
|
|
TOTAL BORROWING |
71.587 |
16.366 |
15.369 |
|
|
DEFERRED TAX LIABILITIES |
5.751 |
3.550 |
3.908 |
|
|
|
|
|
|
|
|
TOTAL |
259.595 |
168.949 |
151.903 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
118.585 |
69.571 |
60.980 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
43.916
|
23.700 |
28.549 |
|
|
Sundry Debtors |
87.815
|
76.336 |
58.974 |
|
|
Cash & Bank Balances |
2.044
|
2.507 |
4.222 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
55.959
|
33.618 |
35.237 |
|
Total
Current Assets |
189.734
|
136.161 |
126.982 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
20.295
|
22.523 |
25.877 |
|
|
Other Current Liabilities |
10.929
|
7.570 |
8.870 |
|
|
Provisions |
17.500
|
6.690 |
1.375 |
|
Total
Current Liabilities |
48.724
|
36.783 |
36.122 |
|
|
Net Current Assets |
141.010
|
99.378 |
90.860 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.063 |
|
|
|
|
|
|
|
|
TOTAL |
259.595 |
168.949 |
151.903 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
862.844 |
819.405 |
279.791 |
|
|
|
Other Income |
8.001 |
7.018 |
4.991 |
|
|
|
TOTAL |
870.845 |
826.423 |
284.782 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
805.331 |
|
267.825 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
805.331 |
795.482 |
267.825 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
65.514 |
30.941 |
16.957 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
12.021 |
8.192 |
5.601 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
53.493 |
22.749 |
11.356 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
20.269 |
6.342 |
5.170 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
33.224 |
16.407 |
6.186 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
25.003 |
8.596 |
2.410 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
58.227 |
25.003 |
8.596 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of Exports |
6.290 |
9.448 |
0.000 |
|
|
TOTAL EARNINGS |
6.290 |
9.448 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials |
199.332 |
87.524 |
1.855 |
|
|
|
Stores & Spares |
|
|
0.000 |
|
|
|
Finished Goods |
|
|
62.807 |
|
|
|
Capital Goods |
|
|
5.852 |
|
|
TOTAL IMPORTS |
199.332 |
87.524 |
70.514 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.56 |
2.75 |
1.04 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
3.82
|
1.99 |
2.17 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.20
|
2.78 |
4.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.35
|
11.06 |
6.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.15 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.66
|
0.36 |
0.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.89
|
3.70 |
3.52 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The registered office of the company has been shifted from 1/2, Kabootarkhana, Kalupur, Ahmedabad – 380 001 to the present address w.e.f. 21.12.2009.
OPERATIONAL
REVIEW:
The company performance was very good and plans for expansion are being
drawn.
FORM 8:
|
Corporate
identity number of the company |
U51100GJ2004PTC045013 |
|
Name of the
company |
SATYENDRA TRADERS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Survey No.111/4, E-Mail: satyendra.traders@gmail.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10113710 |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
CIN No.: L65920MH1994PLC080618 HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai – 400 013, Maharashtra, India E-Mail: RBBform8@hdfcbank.com |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
Memorandum relating to Hypothecation of Stocks, Book-Debts and Machinery. |
|
Date of
instrument Creating the charge |
21.11.2009 |
|
Amount secured by
the charge |
Rs.99.500
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest at the
rate as may be communicated by the Bank from time to time. Terms of
Repayment: Working Capital
facility shall be repayable On Demand. Term Loan shall
be repayable in suitable installments. Margin: As may be
stipulated by the Bank from time to time. Extent and
Operation of the charge: Hypothecation by
way of First Charge on Company's Stocks, Book Debts, Machinery etc., to
secure as a continuing security for the repayment of Rs.99.500 millions
together with interest, costs, charges, expenses and other moneys due and
payable by the Company to the Bank. |
|
Short particulars
of the property charged |
Hypothecation of
First charge over the Stocks, Book Debts and Machinery of the Company. |
|
Date of latest
modification prior to the present modification |
19.11.2009 |
|
Particulars of
the present modification |
The charge shall
stand increased from Rs.50.000 millions to Rs.99.500 millions (Comprising
: Cash Credit of Rs.70.000 millions,
Term Loan of Rs.29.500 millions), against the security of Stocks, Book Debts
and Machinery |
FIXED ASSETS:
v
Land
v
v
v
Plant and Machineries
v
Office Equipments
v
Furniture
v
Vehicles
v
Computer and Printers
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.37 |
|
|
1 |
Rs.72.20 |
|
Euro |
1 |
Rs.62.87 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.