BUSINESS INFORMATION REPORT
1. Summary Information
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Country |
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Company Name |
MANSHYA
MARKETING PRIVATE LIMITED |
Principal Name 1 |
MR. RAVINDRA MADANLAL AGRAWAL |
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Status |
SATISFACTORY |
Principal Name 2 |
MRS. LATA RAVINDRA AGRAWAL |
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Registration # |
11-013924 |
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Street Address |
SURVEY NO.49/ 1A/ 1A/ 1B/ 1, RAJKUMAR LODHA INDUSTRIAL ESTATE, OPPOSITE
SHATRUNJAY MANDIR, KATRAJ, KONDHWA ROAD, PUNE – 411 048, MAHARASHTRA |
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Established Date |
17.08.1999 |
SIC Code |
-- |
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Telephone# |
91-20-24263447 |
Business Style 1 |
IMPORTER |
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Fax # |
91-20-24263447 |
Business Style 2 |
TRADER |
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Homepage |
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Product Name 1 |
ORGANIC MANURE |
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# of employees |
APPROXIMATELY 80 (IN OFFICE) |
Product Name 2 |
FERTILIZERS |
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Paid up capital |
Rs.2,000,000/- |
Product Name 3 |
-- |
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Shareholders |
DIRECTORS OR RELATIVES OF DIRECTORS-100% |
Banking |
BANK
OF |
|
Public Limited Corp. |
NO |
Business Period |
12 YEARS |
|
IPO |
NO |
International Ins. |
-- |
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Public |
NO |
Rating |
Ba (45) |
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Related
Company |
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Relation
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Country
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Company
Name |
CEO |
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-- |
-- |
-- |
-- |
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Note |
--
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2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 (Unaudited) |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
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|
Current Assets |
43,551,000
|
Current Liabilities |
19,172,000 |
|
Inventories |
11,437,000
|
Long-term Liabilities |
14,116,000 |
|
Fixed Assets |
4,813,000 |
Other Liabilities |
4,394,000
|
|
Deferred Assets |
0,000 |
Total Liabilities |
37,682,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
20,119,000 |
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|
|
Net Worth |
22,119,000 |
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Total Assets |
59,801,000 |
Total Liab. & Equity |
59,801,000 |
|
Total Assets (Previous Year-Audited) |
52,038,000 |
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|
|
P/L Statement as of |
31.03.2011 (Unaudited) |
(Unit: Indian Rs.) |
|
|
Sales |
121,363,000 |
Net Profit |
6,636,000 |
|
Sales (Previous yr- Audited) |
114,992,000 |
Net Profit(Prev.yr) |
4,819,000 |
MIRA
INFORM REPORT
|
Report Date : |
05.07.2011 |
IDENTIFICATION DETAILS
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Name : |
MANSHYA MARKETING PRIVATE LIMITED (w.e.f. 2001) |
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Formerly Known
As : |
YASHNITA MARKETING PRIVATE LIMITED |
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Registered
Office : |
Survey No.49/ 1A/ 1A/ 1B/ 1, Rajkumar Lodha Industrial Estate,
Opposite Shatrunjay Mandir, Katraj, Kondhwa Road, Pune – 411 048, Maharashtra
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Country : |
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Financials (as
on) : |
31.03.2011 (Unaudited) |
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Date of Incorporation
: |
17.08.1999 |
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Com. Reg. No.: |
11-013924 |
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Capital
Investment / Paid-up Capital : |
Rs.2.000 Millions |
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CIN No.: [Company Identification
No.] |
U51909PN1999PTC013924 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
PNEM08347D |
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PAN No.: [Permanent Account No.] |
AACCM7782N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Importer and Trader of Agri Inputs such as Organic Manure, Fertilizers
and Bio-Fertilizers, they also do manufacturing of Micro Nutrients. |
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No. of Employees
: |
Approximately 80 (In Office) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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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 88000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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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) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Ravindra Madanlal Agrawal |
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Designation : |
Director |
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Contact No.: |
91-9822026017 |
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Date : |
04.07.2011 |
LOCATIONS
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Registered Office : |
Survey No.49/ 1A/ 1A/ 1B/ 1, Rajkumar Lodha Industrial Estate,
Opposite Shatrunjay Mandir, Katraj, Kondhwa Road, Pune – 411 048,
Maharashtra, India |
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Tel. No.: |
91-20-24263447 |
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Mobile No.: |
91-9822026017 (Mr. Ravindra Agarwal) |
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Fax No.: |
91-20-24263447 |
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E-Mail : |
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Area : |
2000 sq ft |
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Location : |
Owned |
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Admin Office : |
204, Ashoka Arch E–28/29, Gultekdi, Market Yard, Near Nisarg Mangal
Karyalaya, Pune – 411 037, |
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Tel. No.: |
91-20-24264714 |
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Fax No.: |
91-20-24263447 |
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Area : |
3500 sq ft |
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Location : |
Owned |
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Branch Office : |
Located at: v
Ahmedabad v
v
v
Chhattisgarh v
Pune |
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Godown : |
Gat 691, Sabale Vasti, |
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Area : |
1 Acre |
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Location : |
Owned |
DIRECTORS
As on 30.09.2010
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Name : |
Mr. Ravindra Madanlal Agrawal |
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Designation : |
Director |
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Address : |
Flat No.8/12, A Wing Poonam Apartment, Bibwewadi, |
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Date of Birth/Age : |
04.04.1961 |
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Qualification : |
Graduate |
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Date of Appointment : |
17.08.1999 |
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DIN No.: |
00392831 |
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Name : |
Mrs. Lata Ravindra Agrawal |
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Designation : |
Director |
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Address : |
Flat No.8/12, A Wing Poonam Apartment, Bibwewadi, |
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Date of Birth/Age : |
08.01.1966 |
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Qualification : |
Graduate |
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Date of Appointment : |
17.08.1999 |
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DIN No.: |
00392871 |
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Name : |
Mr. Vijay Prabhakar Kunte |
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Designation : |
Director |
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Address : |
Plot No.89, Mahatma Society, Kothrud, Pune – 411 038, |
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Date of Birth/Age : |
20.03.1943 |
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Qualification : |
Graduate |
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Date of Appointment : |
17.08.1999 |
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DIN No.: |
00392898 |
KEY EXECUTIVES
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Name : |
Chirag Chawra and Company |
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Designation : |
Company Secretaries |
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Address : |
Shop No.9, |
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Mobile No.: |
91-9923794174/ 9850109668 |
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E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
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No. of Shares |
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Ravindra Madanlal Agrawal |
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10000 |
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Lata Ravindra Agrawal |
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10000 |
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Total |
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20000 |
As on 30.09.2010
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Importer and Trader of Agri Inputs such as Organic Manure, Fertilizers
and Bio-Fertilizers, they also do manufacturing of Micro Nutrients. |
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Products : |
v
Organic Manure v
Single/ Complex Micronutrient Mixtures v
Bio Fertilizers |
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Imports : |
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Products : |
Fertilizers |
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Countries : |
UAE, |
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Terms : |
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Selling : |
Credit (30/ 60 days) |
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Purchasing : |
L/C, Credit (30/ 60 days) and TT |
GENERAL INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
Approximately 80 (In Office) |
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Bankers : |
v
Bank of Maharashtra, 425/1, Mangaldeep, T.M.V. Colony
Branch, Mukundnagar, Pune – 411 037, v
State Bank of v
Barclays
Bank v
HDFC
Bank Limited v
ICICI
Bank |
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Facilities : |
(Cash Credit + LC = Rs.20.000 millions - Bank of Maharashtra)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
R.J. Lahoti and Company Chartered Accountants |
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Address : |
481/C, Shreepal Chambers, Shaniwar Peth, Pune – 411 030, |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
24000 |
Equity Shares |
Rs.100/- each |
Rs.2.400 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
20000 |
Equity Shares |
Rs.100/- each |
Rs.2.000 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 (Unaudited) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
2.000 |
2.000 |
2.000 |
2.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
20.119 |
13.483 |
8.664 |
6.538 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
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NETWORTH |
22.119 |
15.483 |
10.664 |
8.538 |
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LOAN FUNDS |
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1] Secured Loans |
7.127 |
5.717 |
7.765 |
10.076 |
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2] Unsecured Loans |
6.989 |
6.351 |
6.136 |
6.227 |
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TOTAL BORROWING |
14.116 |
12.068 |
13.901 |
16.303 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
0.000 |
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TOTAL |
36.235 |
27.551 |
24.565 |
24.841 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
4.813 |
4.838 |
1.552 |
1.630 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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 |
11.437
|
10.056
|
10.453
|
16.518 |
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Sundry Debtors |
38.728
|
26.260
|
18.705
|
26.380 |
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Cash & Bank Balances |
0.582
|
3.471
|
4.002
|
3.246 |
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Other Current Assets |
3.794
|
7.399
|
1.758
|
5.100 |
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Loans & Advances |
0.447
|
0.000
|
0.000
|
0.000 |
|
Total
Current Assets |
54.988
|
47.186
|
34.918 |
51.244 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
19.172 |
17.356 |
7.114 |
15.427 |
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Other Current Liabilities |
0.000
|
1.211
|
2.243
|
5.532 |
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Provisions |
4.394
|
5.920
|
2.567
|
7.098 |
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Total
Current Liabilities |
23.566
|
24.487
|
11.924
|
28.057 |
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Net Current Assets |
31.422
|
22.699
|
22.994
|
23.187 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.014 |
0.019 |
0.024 |
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TOTAL |
36.235 |
27.551 |
24.565 |
24.841 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 (Unaudited) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
121.363 |
114.992 |
89.227 |
88.218 |
|
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Other Income |
0.230 |
0.090 |
NA |
NA |
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TOTAL (A) |
121.593 |
115.082 |
NA |
NA |
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Less |
EXPENSES |
|
|
|
|
|
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Cost of Goods Sold |
69.535 |
109.038 |
NA |
NA |
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Freight Inward – Above 1500 |
2.223 |
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Packing Charges |
1.402 |
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Vehicle Expenses |
1.171 |
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Staff Salary |
13.967 |
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Rent and Taxes |
2.496 |
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Administrative Expenses |
4.799 |
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Marketing Expenses |
13.160 |
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Other Expenses |
3.535 |
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|
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TOTAL (B) |
112.288 |
109.038
(including financial expenses) |
NA |
NA |
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|
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|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)
(C) |
9.305 |
|
|
|
|
|
|
|
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Less |
FINANCIAL EXPENSES (D) |
1.817 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.488 |
6.044 |
3.625 |
3.550 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.852 |
0.379 |
0.322 |
0.417 |
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PROFIT BEFORE
TAX (E-F) (G) |
6.636 |
6.424 |
3.303 |
3.133 |
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Less |
TAX (H) |
0.000 |
1.605 |
1.176 |
1.201 |
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PROFIT AFTER TAX
(G-H) (I) |
6.636 |
4.819 |
2.127 |
1.932 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
0.264 |
0.137 |
0.105 |
|
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|
|
|
|
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Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
4.000 |
2.000 |
1.900 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
1.083 |
0.264 |
0.137 |
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Earnings Per
Share (Rs.) |
331.80 |
240.93 |
106.35 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 (Unaudited) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
5.46 |
4.19 |
NA |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
5.47 |
5.59
|
3.70
|
3.55 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
11.10 |
12.35
|
9.06
|
5.93 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.41
|
0.30
|
0.41 |
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Debt Equity Ratio (Total Liability/Networth) |
|
1.70 |
2.36
|
2.42
|
5.19 |
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|
Current Ratio (Current Asset/Current Liability) |
|
2.33 |
1.93
|
2.92
|
1.82 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS: (As on
31.03.2010)
This is the Tenth year of trading operations and the response to their efforts is very encouraging.
During the financial year, the sales have crossed Rs.114.992 Millions and the profit before income tax is Rs.6.424 Millions. Focus on quality; diversity of product range, efficient after sales service and broadening of customer base of the company has resulted in increase in profit.
The sales turnover has been increased more that 25% as compare to last sales turnover as well as the net profit before depreciation and tax has also increased.
In the face of adverse market conditions and rainfall, the company has maintained satisfactory growth in Sales/Total Receipts as well as in net profit before depreciation during the year.
OUTLOOK: (As on
31.03.2010)
Management of the company visualized the needs of the enlightened farmer and decided to enter into marketing of organic inputs like Bio Fertilizers and Humic acid etc. These products do not affect the soil chemistry. Therefore, it is hoped that sales may increase rather more exponentially. So future of the company looks encouraging and progressive. The company will continue to protect its broad base by sale of Organic Manures, Bio fertilizers and single nutrients etc.
FORM 8:
|
Corporate
identity number of the company |
U51909PN1999PTC013924 |
|
Name of the
company |
MANSHYA MARKETING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Sry. No.49/1A/1A/1B/1, Rajkumar Lodha Industrial Estate, Opposite Shatrunjay
Mandir, Katraj, E-Mail: chiragchawra@yahoo.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable Property |
|
Particular of charge
holder |
Bank of Maharashtra, 425/1, Mangaldeep, T.M.V. Colony Branch,
Mukundnagar, Pune – 411 037, E-Mail: bom320@mahabank.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Composite Deed of
Hypothecation for all facilities |
|
Date of
instrument Creating the charge |
25.10.2010 |
|
Amount secured by
the charge |
Rs.2.500 millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest:
As per RBP @ base
rate plus 4.50% i.e. 7.50% p.a. at present with monthly rests. Terms of
Repayment: After 90 days Margin: 25% in Banks
favour Extent and
Operation of the charge: 3 months |
|
Short particulars
of the property charged |
Hypothecation of
stocks and book debts, debtors upto 90 days |
TRADE REFERENCES:
v
R and Z –
v
Anika Int –
v
Tinko Chemical – Mumbai
FIXED ASSETS:
v
v Furniture and Fixtures
v Furniture and Fixture work in progress
v Equipment and Machinery
v Computers
v
Vehicles
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.44.45 |
|
|
1 |
Rs.71.53 |
|
Euro |
1 |
Rs.64.62 |
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 |
NO |
|
--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.