MIRA
INFORM REPORT
|
Report Date : |
27.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
YOG INTERNATIONAL PRIVATE LIMITED (w.e.f. 04.06.2002) |
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Formerly Known
As : |
YOG PETRO PRIVATE LIMITED |
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
17.04.1997 |
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Com. Reg. No.: |
20-021784 |
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Capital
Investment / Paid-up Capital : |
Rs.16.470
Millions |
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CIN No.: [Company Identification
No.] |
U65910UP1997PTC021784 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
KNPY00215F / KNPY01013F |
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PAN No.: [Permanent Account No.] |
AAACY0486D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Exporter, Importer, Trader and
Supplier of Solvent and Organic / Inorganic products, Chemical and Petro
Chemical. |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (49) |
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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 380000 |
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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 a well 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
|
Name : |
Ms. Neetu |
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Designation : |
Accountant |
LOCATIONS
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Registered / Head Office : |
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Tel. No.: |
91-512-2543487 / 2543488 |
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Fax No.: |
91-512-2543486 |
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E-Mail : |
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Website : |
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Area ; |
1000sq.fts |
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Location : |
Owned |
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Corporate Office : |
38 Jay Laxmi Prompters Society, |
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Tel. No.: |
91-22-6312097 / 98 / 30276000 |
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Fax No.: |
91-22-6312097 |
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Subsidiary Office: |
Yog Trading Pte.
Limited
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Tel. No.: |
+(65)-62887908 |
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Fax No.: |
+(65)-62602706 |
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Email : |
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Branches : |
Located at :
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DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Amit Agarwal |
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Designation : |
Director |
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Address : |
A-3, Delhi Rajdhani Society, IP Extension 80, Patpartanj,
delhi-110092, |
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Date of Birth : |
07.07.1974 |
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Date of Appointment : |
30.04.1997 |
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Name : |
Mr. Amar Nath Gupta |
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Designation : |
Director |
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Address : |
123/1-F, Anapurna Bhawan, |
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Date of Birth : |
15.02.1952 |
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Date of Appointment : |
17.04.1997 |
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Name : |
Mr. Amit Bansal |
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Designation : |
Director |
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Address : |
Flat No. 202, Sai Siddhi
Apartment, |
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Date of Birth : |
06.10.1973 |
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Date of Appointment : |
12.11.2001 |
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Name : |
Mr. Nishant Vaish |
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Designation : |
Director |
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Address : |
Flat No. 103, C Wing, |
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Date of Birth : |
17.12.1976 |
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Date of Appointment : |
12.11.2001 |
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Name : |
Mr. Vijay Kumar Singla |
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Designation : |
Director |
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Address : |
113/104 A, Swaroop Nagar, |
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Date of Birth : |
12.07.1944 |
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Date of Appointment : |
31.12.2003 |
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Name : |
Mr. Mayur Saraf |
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Designation : |
Director |
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Address : |
46/46, Rajgaddi, Hatia, Kanpur-208001, |
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Date of Birth/Age : |
08.03.1981 |
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Date of Appointment : |
07.04.2005 |
KEY EXECUTIVES
|
Name : |
Ms. Neetu |
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Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Amar Nath Gupta |
|
272010 |
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Amar Nath Gupta (HUF) |
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20 |
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Amit Agarwal |
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25800 |
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Amit Agarwal (HUF) |
|
200 |
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Amit Bansal |
|
80000 |
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Archana Agarwal |
|
8200 |
|
Ashok Agarwal |
|
178000 |
|
Keshav Fincon Limited, |
|
61000 |
|
Kishore Capital Services Private Limited, |
|
20000 |
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Kusum Lata Bangla |
|
2000 |
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Madhuur Gupta |
|
32000 |
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Mayur Saraf HUF |
|
6000 |
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Mayur Saraf |
|
38660 |
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Nidhi Bangal |
|
8000 |
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Nimisha Saraf |
|
6000 |
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Nishant Vaish |
|
156000 |
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Raghav Agarwal Beneficiary Trust, |
|
60 |
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Ratan Devi Agarwal |
|
107500 |
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Rekha Saraf |
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12000 |
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Sharda Agarwal |
|
20200 |
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Nidhi Agarwal |
|
19800 |
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Sneha Lata Gupta |
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40 |
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Kishan Kureel |
|
100000 |
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Surbhi Agarwal |
|
125510 |
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Suyash Agarwal Beneficiary Trust, |
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80 |
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Swati Saraf |
|
8000 |
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Vijay Kumar Singla |
|
60000 |
|
Yug Software Private Limited, |
|
300000 |
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|
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|
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Total |
|
1647080 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
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Bodies
corporate |
|
23.13 |
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Directors
or relatives of directors |
|
50.68 |
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Other
top fifty shareholders |
|
26.19 |
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Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Exporter, Importer, Trader and
Supplier of Solvent and Organic / Inorganic products, Chemical and
Petro Chemical. |
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|
|
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Products : |
·
Polyene ·
Methanol ·
Phenol ·
Vinyl Acetate
Monomer ·
Ethyl Acetate ·
Butyl Acetate ·
Butanol ·
Butyl Acrylate |
GENERAL INFORMATION
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Facilities : |
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Banking Relations
: |
-- |
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Financial Institution: |
Reliance Capital
Limited, H Block, 1st Floor, |
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Auditors : |
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Name : |
Hiren and Jain Chartered Accountants |
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Address : |
26/70, |
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Tel. No.: |
91-512-2317785 / 3014685 (Office)
91-512-2355165 / 2310453 (Residential) |
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E-Mail : |
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Associates/Subsidiaries : |
Yog Trading PTE Limited, |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1647080 |
Equity Shares |
Rs.10/- each |
Rs.16.470
Millions |
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1796580 |
Equity Shares |
Rs.10/- each |
Rs.17.965
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 |
|
|
|
|
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1] Share Capital |
16.470 |
15.671 |
11.877 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
79.024 |
63.230 |
55.861 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
95.494 |
78.901 |
67.738 |
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LOAN FUNDS |
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1] Secured Loans |
91.875 |
91.933 |
83.348 |
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2] Unsecured Loans |
23.334 |
8.859 |
2.500 |
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TOTAL BORROWING |
115.209 |
100.792 |
85.848 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
210.703 |
179.693 |
153.586 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
18.893 |
19.327 |
20.268 |
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Capital work-in-progress |
2.426 |
2.426 |
8.791 |
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INVESTMENT |
5.067 |
5.068 |
5.067 |
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DEFERREX TAX ASSETS |
0.184 |
0.108 |
0.049 |
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CURRENT ASSETS, LOANS & ADVANCES |
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|
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Inventories |
121.475
|
143.714
|
119.486
|
|
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Sundry Debtors |
646.846
|
352.550
|
253.961
|
|
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Cash & Bank Balances |
8.654
|
19.401
|
16.754
|
|
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Other Current Assets |
0.119
|
1.771
|
1.610
|
|
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Loans & Advances |
42.423
|
21.789
|
22.371
|
|
Total
Current Assets |
819.517
|
539.225
|
414.182
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
622.124
|
382.799
|
283.590
|
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000
|
|
|
Provisions |
13.260
|
3.662
|
11.185
|
|
Total
Current Liabilities |
635.384
|
386.461
|
294.775
|
|
|
Net Current Assets |
184.133
|
152.764
|
119.407
|
|
|
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|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.004 |
|
|
|
|
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|
|
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TOTAL |
210.703 |
179.693 |
153.586 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
|
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Other Income |
|
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|
|
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TOTAL |
2861.040 |
2059.926 |
1507.810 |
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|
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|
|
Less |
EXPENSES |
|
|
|
|
|
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|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
2832.436 |
2048.009 |
1496.432 |
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Advertising Expenses |
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Financial Expenses |
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|
|
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TOTAL |
2832.436 |
2048.009 |
1496.432 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
28.604 |
11.917 |
11.378 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
2.559 |
2.378 |
2.054 |
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|
PROFIT BEFORE
TAX |
26.045 |
9.539 |
9.324 |
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Less |
TAX |
10.010 |
3.351 |
3.399 |
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PROFIT AFTER TAX
|
16.035 |
6.188 |
5.925 |
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EARNINGS IN
FOREIGN CURRENCY |
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Export Earnings |
12.422 |
NA |
NA |
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|
Earnings Per
Share (Rs.) |
9.74 |
3.95 |
5.14 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.56
|
0.30 |
0.39 |
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.11
|
1.71 |
2.15 |
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.12 |
0.14 |
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|
Debt Equity Ratio (Total Liability/Networth) |
|
7.86
|
6.18 |
5.62 |
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|
Current Ratio (Current Asset/Current Liability) |
|
1.29
|
1.40 |
1.40 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
The company has been marketing of petro chemicals all over country and also
in International Market. There are bright possibilities of development. The
company has been exploring possibilities trade chemicals in international
markets at very vast level.
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U65910UP1997PTC021784 |
|
Name of the
company |
YOG INTERNATIONAL
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
|
|
Type of charge |
Book Debts Movable Property
(not being pledge) Floating Charge |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West),
Mumbai-400013, Maharashtra, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Letter of
Hypothecation. |
|
Date of instrument
Creating the charge |
26.05.2011 |
|
Amount secured by
the charge |
Rs.125.390
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 On Demand. Margin Company shall at
all times during the continuance of this security maintain the said debts of
a sufficient amount to provide the margin of security as may from time to time
advised by the Bank. Extent and
Operation of the charge Hypothecation by
way of First Charge on Company's Stocks and Book Debts, etc., to secure as a
continuing security for the repayment of Rs.125.390 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 |
I)
Stock
in Trade, consisting of raw materials, goods in process of manufacturing
finished goods, and other merchandise whatsoever being movable properties,
now stored at or II)
All
the debts, that is, all the book debts, outstandings, monies receivables,
claims, bills, invoice documents,
contracts, guarantees, and rights which are now due |
Fixed Assets:
- Building
- Office
- Drum
- Computer
- Cycle
- Furniture And
Fixtures
- Generator
- Motor Cycle
- Scooter
- Telephone
- Cellur Phone
- Water
Purifier
- Motor
- Water cooler
- Inverter
- Fan
- Lorry
- Tea Cofee
Machine
- Refridgerator
AS PER
WEBSITE
PROFILE
A first generation entrepreneur Mr. Amar Nath Gupta is the
chairman of Yog Group under his
leadership the company has grown from a small trading house to one of the
leading distributors of chemicals in
They have been actively distributing chemicals in India
through their offices which are located in all major business centers viz
Mumbai, Delhi, Ahmedabad, Hyderabad and Kanpur in addition to this they have
inland storage of more than 750 MT available for storage of products in their
warehouses which are equipped with all the regulatory government licenses
applicable for handling and storage of hazardous chemicals.
At present they have a sales of more than US$ 25 million of
which Aromatics accounts for almost 25% of their sales. The products
distributed by them are mostly imported at
They have recently started a refilling unit at Kandla SEZ
for export of their products into markets in East Africa, South East Asia and
They have a overseas office at
Subject is the
exporter and importer of Chemicals
like Polyene, Methanol, Phenol, Vinyl, Acetate, Monomer, Ethyl Acetate, Butyl
Acetate, Normal Butanol and Butyl Acrylate. They are committed
to ensure quality services in the most transparent and competitive form, to
provide total customer satisfaction. They have gained high reputation in the
chemical market and are proud to offer almost all variety of chemical products.
They are the supplier of premium quality of Solvent and
Organic/Inorganic products in the Industrial and Pharmaceutical
market. Over the years, they have been serving the industries from the field of
paint, coating, ink, perfumery, cosmetic, detergent and pharmaceutical.
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.44.29 |
|
|
1 |
Rs.72.37 |
|
Euro |
1 |
Rs.64.17 |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.