MIRA
INFORM REPORT
|
Report Date : |
05.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
TRIMULA G BASMATI PRIVATE LIMITED (w.e.f.
13.03.2009) |
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Formerly Known
As : |
TRIMULA BASMATI PRIVATE LIMITED D. V. S. METAL PRIVATE LIMITED |
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Registered
Office : |
C-5/41, Safdarjang Development Area, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
12.04.2007 |
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Com. Reg. No.: |
55-161953 |
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Capital
Investment / Paid-up Capital : |
Rs.10.000 Millions |
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CIN No.: [Company Identification
No.] |
U13209DL2007PTC161953 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELT08373B |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Manufacturer and Exporter of Basmati Rice. |
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No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 40000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a company having moderate track. Profitability of the
company appears to be low. However, trade relations are reported as fair.
Business is active. Payments arte reported to be slow. The company can be considered for business dealings with some caution.
|
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
|
Name : |
Mr. Ankur Kumar |
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Designation : |
Director |
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Contact No.: |
91-9350258614 |
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Date : |
04.06.2011 |
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Name : |
Mr. Anurag Tyagi |
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Designation : |
Key Executive |
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Contact No.: |
91-8800355005 |
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Date : |
04.06.2011 |
LOCATIONS
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Registered Office : |
C-5/41, Safdarjang Development Area, |
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Tel No.: |
91-11-65659445 |
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Mobile No.: |
91-9350258614 (Mr. Ankur Kumar) 91-8800355005 (Mr. Anurag Tyagi) 91-9719014000 (Mr. Shilpi Kumar) |
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E-Mail : |
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Website : |
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Area : |
850 sq. ft. |
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Location : |
Owned |
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Factory : |
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Tel. No.: |
91-1344-262771 |
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Fax No.: |
91-1344-262771 |
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Area : |
2500 sq. ft. |
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Location : |
Owned |
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Dubai Office : |
Office No.304, 3rd Floor, Sheikh Hasher Maktoum Building,
AI-Ras, Deira, Dubai – UAE |
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Tel No.: |
00971 503507285 |
DIRECTORS
(AS ON 30.09.2010)
|
Name : |
Mr. Shilpi Kumar Agarwal |
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Designation : |
Director |
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Address : |
C-5/41, Safdarjang Development Area, |
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Date of Birth/Age : |
01.04.1974 |
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Date of Appointment : |
12.04.2007 |
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Name : |
Mr. Sudhir Kumar Agarwal |
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Designation : |
Director |
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Address : |
Nihtaur, Bijnore – 246701, |
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Date of Birth/Age : |
12.07.1949 |
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Date of Appointment : |
12.03.2009 |
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Name : |
Mr. Ankur Kumar |
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Designation : |
Director |
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Address : |
C-5/41, Safdarjang Development Area, |
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Date of Birth/Age : |
21.05.1975 |
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Date of Appointment : |
11.05.2010 |
KEY EXECUTIVES
|
Name : |
Mr. Anurag |
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Designation : |
Key Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2010)
|
Names of Shareholders |
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No. of Shares |
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Ankur Kumar Aggarwal |
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40000 |
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Shilpi Kumar Aggarwal |
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85500 |
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Shilpi Kumar Aggarwal (HUF) |
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50000 |
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Sudhir Kumar Aggarwal |
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140000 |
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Sudhir Kumar Aggarwal (HUF) |
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47000 |
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Amit Kumar Maheshwari |
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100000 |
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Dinesh Chand Maheshwari |
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70000 |
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Santosh Kumar Aggarwal |
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20000 |
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Sudhir Kumar Tyagi |
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70000 |
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Sushil Tyagi |
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53000 |
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Vishnu Avtar Aggarwal |
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100000 |
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Bharti Aggarwal |
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40000 |
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Sarita Aggarwal |
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85000 |
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Veena Aggarwal |
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60000 |
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Vijay Kumar |
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39500 |
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Total |
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1000000 |
(AS ON 30.09.2010)
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Category |
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Percentage |
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Directors or relatives of directors |
|
100.00 |
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Total
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|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Basmati Rice. |
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Exports : |
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Products : |
Basmati Rice |
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Countries : |
Dubai |
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Terms : |
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Selling : |
L/C, Cash and Credit (30 days) |
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Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
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Customers : |
Wholesalers, Retailers and OEM’s |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
·
Punjab National Bank Regional Office, Morabadab – 244001, ·
Punjab National Bank Nehtaur – 246733, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Rishi Kapoor and Company Chartered Accountant |
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Address : |
9 and 10, Advocate Chambers, Opposite telephone Exchange, Rajnagar,
Ghaziabad – 201002, Uttar Pradesh, India |
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Memberships : |
· Agricultural and Processed food Products Export Development Authority (APEDA) · HACCP |
CAPITAL STRUCTURE
(AS ON 30.09.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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2000000 |
Equity Share |
Rs.10/- each |
Rs.20.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
1000000 |
Equity Share |
Rs.10/- each |
Rs.10.000
Millions |
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(AS ON 31.03.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
1000000 |
Equity Share |
Rs.10/- each |
Rs.10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
1000000 |
Equity Share |
Rs.10/- each |
Rs.10.000 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
10.000 |
0.100 |
0.100 |
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2] Share Application Money |
0.375 |
0.005 |
0.000 |
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3] Reserves & Surplus |
0.116 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
(0.006) |
0.000 |
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NETWORTH |
10.491 |
0.099 |
0.100 |
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LOAN FUNDS |
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1] Secured Loans |
81.655 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
81.655 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.354 |
0.000 |
0.000 |
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TOTAL |
92.500 |
0.099 |
0.100 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
45.310 |
0.000 |
0.000 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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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 |
41.997
|
0.000 |
0.000 |
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Sundry Debtors |
2.966
|
0.000 |
0.000 |
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Cash & Bank Balances |
7.521
|
0.094 |
0.090 |
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Other Current Assets |
1.284
|
0.000 |
0.000 |
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Loans & Advances |
3.990
|
0.000 |
0.000 |
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Total
Current Assets |
57.758
|
0.094 |
0.090 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditor |
10.154
|
0.000 |
0.000 |
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Other Current Liabilities |
0.454
|
0.003 |
0.000 |
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Provisions |
0.100
|
0.000 |
0.000 |
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Total
Current Liabilities |
10.708
|
0.003 |
0.000 |
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Net Current Assets |
47.050
|
0.091 |
0.090 |
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MISCELLANEOUS EXPENSES |
0.140 |
0.008 |
0.010 |
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TOTAL |
92.500 |
0.099 |
0.100 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2010 |
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SALES |
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TOTAL INCOME |
|
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40.966 |
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Less |
EXPENSES |
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TOTAL |
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38.528 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
2.438 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
1.861 |
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PROFIT BEFORE
TAX |
|
|
0.577 |
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Less |
TAX |
|
|
0.454 |
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PROFIT AFTER TAX
|
|
|
0.123 |
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Earnings Per
Share (Rs.) |
|
|
1.23 |
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Particulars |
|
|
31.03.2011 |
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Sales Turnover |
|
|
60.000 |
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Expected Sales (2011-12): Rs.100.000 Millions
The above information has been parted by Mr. Ankur Kumar and Mr. Anurag
Tyagi
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.30
|
NA |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
0.56
|
NA |
NA |
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Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
NA |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
|
8.80
|
0.03 |
0.00 |
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|
Current Ratio (Current Asset/Current Liability) |
|
5.39
|
31.33 |
0.00 |
LOCAL AGENCY FURTHER INFORMATION
FORM
8:
|
Corporate identity
number of the company |
U13209DL2007PTC161953 |
|
Name of the
company |
TRIMULA G BASMATI
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
C-5/41 Safdarjang
Development Area, New Delhi – 110016, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Others – Stock and FLC (DA) |
|
Particular of charge
holder |
·
Punjab National Bank Nehtaur – 246733, |
|
Nature of
instrument creating charge |
Sanction Letter Hypothecation of Goods
and Book Debts to Secure Credit Facility dated 31.03.2011 fort Rs.75.000
Millions and Sub Limit of Rs.1.526 Millions FLC (DA) within Cash Credit Limit
|
|
Date of
instrument Creating the charge |
31.03.2011 |
|
Amount secured by
the charge |
Rs.75.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of
Interests: Cash Credit – BR
+3.00% i.e. 12.50% at Present FLC (DA) as per
Bank Norms Terms of
Repayment: Cash Credit Limit
– Yearly Renewal FCL (DA) One time
sanction Margin: Stock – 25% Book Debts /
Receivable 35% Margin25% (Cash
in the Shape of FDR) Extent and
Operation of the charge: 100% in Favour of
Bank |
|
Particulars of
the Property |
Hypothecation of stock
of Raw materials (Paddy), Stock in Process, finished Goods, Stores and
Spares, Book Debts, Bills receivable and all other Current of the company. Personal
Guarantee of Director of the company Ankur Kumar, Shilpi Kumar and Sudhir
Kumar Aggarwal |
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.44.46 |
|
|
1 |
Rs.71.53 |
|
Euro |
1 |
Rs.64.63 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.