1. Summary Information
|
|
|
Country |
India |
|
Company Name |
SUPERFINE VANIJYA PRIVATE LIMITED |
Principal Name 1 |
Mr. Kedarnath Agarwal |
|
Status |
Moderate |
Principal Name 2 |
Mr. Anurag Tantia |
|
|
|
Registration # |
21-108994 |
|
Street Address |
Sikkim Commerce House, 4/1, Middleton ST, Kolkata-700071, West Bengal,
India |
||
|
Established Date |
18.04.2006 |
SIC Code |
-- |
|
Telephone# |
-- |
Business Style 1 |
Supplier |
|
Fax # |
-- |
Business Style 2 |
Trader |
|
Homepage |
|
Product Name 1 |
-- |
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
2,474,000/- |
Product Name 3 |
-- |
|
Shareholders |
|
Banking |
The Hongkong and
Shanghai Banking Corporation Limited |
|
Public Limited Corp. |
No |
Business Period |
5 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (28) |
|
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 |
8,281,000 |
Current Liabilities |
1,950,000 |
|
Inventories |
0 |
Long-term Liabilities |
550,000 |
|
Fixed Assets |
7,236,000 |
Other Liabilities |
0 |
|
Deferred Assets |
0 |
Total Liabilities |
2,500,000 |
|
Invest& other Assets |
442,000 |
Retained Earnings |
10,985,000 |
|
|
|
Net Worth |
13,459,000 |
|
Total Assets |
15,959,000 |
Total Liab. & Equity |
15,959,000 |
|
Total Assets (Previous Year) |
13,602,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
833,000 |
Net Profit |
28,000 |
|
Sales(Previous yr) |
576,000 |
Net Profit(Prev.yr) |
26,000 |
MIRA
INFORM REPORT
|
Report Date : |
13.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
SUPERFINE VANIJYA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Sikkim Commerce House, 4/1, Middleton ST, Kolkata-700071, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
18.04.2006 |
|
|
|
|
Com. Reg. No.: |
21-108994 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.474 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209WB2006PTC108994 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Supplier and Trader of all kinds of machinery items and manmade
fibres, textiles of all kinds all types of yarn, cloths, oil and oilseeds
etc. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 54000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However, trade relations are reported as
fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some
cautions. |
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 : |
Sikkim Commerce House, 4/1, Middleton ST, Kolkata-700071, West Bengal,
India |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Kedarnath Agarwal |
|
Designation : |
Director |
|
Address : |
92/93, Nalini Ranjan Avenue, Block-B, New Alipur, Kolkata-700053, West
Bengal, India |
|
Date of Birth/Age : |
10.05.1943 |
|
Date of Appointment : |
27.06.2006 |
|
DIN No : |
00311101 |
|
|
|
|
Name : |
Mr. Anurag Tantia |
|
Designation : |
Director |
|
Address : |
CL-80, Sector-II, Saltlake City, Kolkata-700091, West Bengal, India |
|
Date of Birth/Age : |
02.11.1987 |
|
Date of Appointment : |
28.06.2010 |
|
DIN No : |
03118844 |
|
|
|
|
Name : |
Mr. Shree Gopal Tantia |
|
Designation : |
Director |
|
Address : |
Govardhan, 5B, 13, Mandeville Gardens, Kolkata-700019, West Bengal,
India |
|
Date of Birth/Age : |
14.10.1964 |
|
Date of Appointment : |
30.08.2010 |
|
DIN No : |
00001346 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
GPT Infra Projects Limited, India |
247390 |
|
Raghunath Mishra |
10 |
|
|
|
|
Total |
247400 |
AS ON 30.03.2011
|
Names of Allottee Shareholders |
No. of Shares |
|
GPT Infra Projects Limited, India |
238520 |
|
Total |
238520 |
AS ON 30.09.2010
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Supplier and Trader of all kinds of machinery items and manmade
fibres, textiles of all kinds all types of yarn, cloths, oil and oilseeds
etc. |
GENERAL INFORMATION
|
Bankers : |
·
The Hongkong and Shanghai Banking Corporation
Limited, Hongkong House, 31, B B D Bag, Kolkata-700001, West Bengal, India ·
Bank of Baroda, Burra Bazar Branch |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Agarwal Raj and Company Chartered Accountant |
|
Address : |
26/4 A, Armenian Street, Kolkata-700001, West Bengal, India |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
247400 |
Equity Shares |
Rs.10/- each |
Rs. 2.474
Millions |
|
|
|
|
|
AS ON 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
485920 |
Equity Shares |
Rs.10/- each |
Rs. 4.859
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 |
2.474 |
2.474 |
2.074 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
10.985 |
10.957 |
7.331 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
13.459 |
13.431 |
9.405 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.550 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.550 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
14.009 |
13.431 |
9.405 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
7.236 |
4.693 |
0.851 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.440 |
0.160 |
0.160 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
0.396
|
0.129 |
0.776 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
7.885
|
8.532 |
7.634 |
|
Total
Current Assets |
8.281
|
8.661 |
8.410 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.900
|
0.035 |
0.007 |
|
|
Other Current Liabilities |
0.011
|
0.027 |
0.000 |
|
|
Provisions |
0.039
|
0.026 |
0.016 |
|
Total
Current Liabilities |
1.950
|
0.088 |
0.023 |
|
|
Net Current Assets |
6.331
|
8.573 |
8.387 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.002 |
0.005 |
0.007 |
|
|
|
|
|
|
|
|
TOTAL |
14.009 |
13.431 |
9.405 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
0.000 |
0.000 |
0.000 |
|
|
|
Other Income |
0.833 |
0.576 |
0.337 |
|
|
|
TOTAL (A) |
0.833 |
0.576 |
0.337 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Audit Fees |
0.004 |
0.003 |
0.003 |
|
|
|
Preliminary Expenses W/Off |
0.002 |
0.002 |
0.002 |
|
|
|
Fitting Fees |
0.001 |
0.003 |
0.004 |
|
|
|
Director Remuneration |
0.360 |
0.360 |
0.240 |
|
|
|
Office Expenses and Security Expenses |
0.025 |
0.039 |
0.000 |
|
|
|
Other Expenses |
0.346 |
0.127 |
0.044 |
|
|
|
TOTAL (B) |
0.738 |
0.534 |
0.293 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.095 |
0.042 |
0.044 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.001 |
0.003 |
0.003 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.094 |
0.039 |
0.041 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.053 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.041 |
0.039 |
0.041 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.013 |
0.013 |
0.014 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
0.028 |
0.026 |
0.027 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.061 |
0.035 |
0.008 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.089 |
0.061 |
0.035 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
-- |
0.11 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
3.36
|
4.51 |
8.01 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.26
|
0.29 |
0.44 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.19
|
0.01 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.25
|
98.42 |
365.65 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8
|
Corporate
identity number of the company |
U25209WB2006PTC108994 |
|
Name of the
company |
SUPERFINE VANIJYA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Sikkim Commerce House, 4/1, Middleton ST, Kolkata-700071, West Bengal,
India |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) Others |
|
Particular of
charge holder |
The Hongkong and Shanghai Banking Corporation Limited, Hongkong House,
31, B B D Bag, Kolkata-700001, West Bengal, India |
|
Nature of
instrument creating charge |
By
this Deed of Hypothecation for Stocks and receivables and Plant and Machinery
dated 16Mar2011 executed by the Company in favour of the Bank, the Company
has hypothecated the entire stocks and Book Debts and the whole of the
moveable properties including moveable plant and machinery, machinery spares,
tools and other moveable, both present and future by way of pari passu 1st
charge with other banks to secure the various credit facilities sanctioned/to
be sanctioned
by the Bank from time to time. |
|
Date of
instrument Creating the charge |
16.03.2011 |
|
Amount secured by
the charge |
Rs. 27.500 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As per agreed rate. Terms of
repayment Repayable on demand Margin As per
Deed Hypothecation for Stocks and receivable and Plant and Machinery dated 16
March 2011. Extent and
operation of the charge The
entire stocks of raw materials, semi finished and finished goods and book
debts and the entire movable plant and machinery, tools and accessories and
other movable fixed assets both present and future by way of pari passu 1st
charge with other banks to secure the due payment of all moneys due or to
become due by the Company under the various credit facilities granted by the
Bank to the extent of Rs.27.500 millions. |
|
Short particulars
of the property charged (Including location of the property) |
1.
The Borrower's present and future stocks of raw materials, stock-in-process,
stores, semi-finished and finished goods and tools, whether installed or not
and whether now lying loose or in chases, or being on or upon or at any time
hereafter during the continuance of this security be brought into or upon or
be stored or be in or about the Borrower s premises and godowns at Plot No.PPF6,
Poly Park, Mouza-Kandua, Sankrail, WB (more particularly described in
Schedule VI) where so ever situated in the Republic of India and/or in
transit whether now belonging to or that may at any time during the
continuance of this security belong to the Borrower or that may be held by
any party anywhere else to the order or disposition of the Borrower 2.
All the Borrower's present and future book debts, outstanding monies,
receivables, claims due and owing or which may at any time become due and
owing to the Borrower in the course of its business by any person, firm,
Company or body corporate or by the Government of India or any State
Government or Indian Railways or any Government Department or office or any
Municipal or local or Semi Governmental body or authority or any undertaking
or project in the Public Sector 3.
The entire plant and machinery, machinery spares, tools and accessories both
present and future, whether installed or not and whether now lying loose or
in cases or which are now lying or stored in or about or shall hereafter from
time to time during the continuance of the security of these presents be
brought into or upon or be stored or be in or about all the Borrowers
factories, premises and godowns situate at Plot No. PPF 6, Poly Park,
Mouza-Kandua, P.S. Sankrail, West Bengal |
FIXED ASSETS
·
Land
·
Office Room
·
Land Development
·
Motor Car
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.44.72 |
|
|
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.72 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
28 |
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.