MIRA
INFORM REPORT
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Report Date : |
11.03.2011 |
IDENTIFICATION DETAILS
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Name : |
RAJDEEP AGRI PRODUCTS PRIVATE LIMITED |
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Registered
Office : |
3229/1, Ranjeet Nagar, New Delhi-110008 |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
02.04.1998 |
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Com. Reg. No.: |
55-93099 |
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CIN No.: [Company Identification
No.] |
U51433DL1998PTC093099 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELR04720C |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Specialist in Environment Controlled Green Houses. |
RATING & COMMENTS
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MIRA’s Rating : |
B (30) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 27000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Profit margin
is low. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. 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 |
LOCATIONS
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Registered Office : |
3229/1, Ranjeet Nagar, New Delhi-110008, |
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Tel. No.: |
91-11-25847771/ 2584772 |
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Fax No.: |
91-11-25847773 |
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E-Mail : |
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Website : |
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Factory : |
Khasra No. 1126, Rithala, Delhi-110085, |
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Tel. No.: |
91-11-27931888 |
DIRECTORS
As on 30.09.2010
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Name : |
Mr. Gian Aggarwal |
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Designation : |
Managing Director |
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Address : |
B-159, Prashant Vihar New Delhi-110085, |
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Date of Birth/Age : |
05.03.1954 |
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Date of Appointment : |
02.04.1998 |
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DIN No.: |
01926062 |
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E-mail: |
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Name : |
Mr. Shekhar Aggarwal |
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Designation : |
Director |
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Address : |
B-159, Prashant Vihar New Delhi-110085, |
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Date of Birth/Age : |
07.10.1985 |
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Date of Appointment : |
01.04.2004 |
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DIN No.: |
01926123 |
KEY EXECUTIVES
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Name : |
Mr. Vindo Gupta |
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Designation : |
Works Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
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Names of Shareholders |
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No. of Shares |
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G C Agarwal |
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15000 |
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Nirmal Agarwal |
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9000 |
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Satya Gupta |
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5000 |
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Manoj Gupta |
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500 |
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Anju Gupta |
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200 |
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Sumeet Gupta |
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500 |
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Ram Avtar Gupta |
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400 |
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Usha Gupta |
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400 |
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Shekhar Agarwal |
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300 |
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Marathan Systems (Private) Limited, |
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50 |
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Maruti Software (Private) Limited, |
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50 |
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Sumita Gupta |
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50 |
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Pankaj Gupta |
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50 |
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Shakuntala Devi |
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50 |
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Rajesh Gupta |
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40 |
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Poonam Agarwal |
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40 |
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Kohli Leasing and |
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10 |
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Vinod Kumar Goel HUF |
|
100 |
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Amit Kumar |
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100 |
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Cube Export (Private) Limited, |
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15000 |
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Ramesh Chandra Upadhaya |
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12000 |
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Sigma Bio Services (Private) Limited, |
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15000 |
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Vijya Foils (Private) Limited, |
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14000 |
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Gian Chand Agarwal HUF |
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10 |
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Total |
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87850 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2010
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Category |
Percentage |
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Directors or relatives of Directors |
35.00 |
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Other top fifty shareholders |
65.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Specialist in Environment Controlled Green Houses. |
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Products : |
·
Plastic Pots ·
Root Trainers ·
Protrays ·
Fancy Pots ·
Nursery Bags ·
Seed Displayers ·
Labet For Fields ·
Acrylic/ Eyeletted/ Aluminium ·
Breeding Material ·
UV Stabilized FRP sheets ·
Vermiculite ·
Perlite/ Cocopeat ·
Temperature Controller ·
Allied Products for Agri. Res. ·
Tissue Culture Castor Rack |
GENERAL INFORMATION
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Customers : |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Ashok Kumar and Associates Chartered Accountant |
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Address : |
119/120, Model Basti, New Delhi-110005, |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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87850 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.879
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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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 |
0.879 |
0.879 |
0.279 |
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2] Share Application Money |
2.092 |
1.592 |
4.591 |
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3] Reserves & Surplus |
3.773 |
3.443 |
1.014 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
6.744 |
5.914 |
5.884 |
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LOAN FUNDS |
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1] Secured Loans |
6.699 |
6.179 |
2.331 |
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2] Unsecured Loans |
6.830 |
5.088 |
4.320 |
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TOTAL BORROWING |
13.529 |
11.267 |
6.651 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
20.273 |
17.181 |
12.535 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.094 |
1.300 |
0.785 |
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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 |
0.140 |
0.095 |
0.048 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
4.357
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6.915 |
8.741 |
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Sundry Debtors |
27.379
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20.480 |
30.704 |
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Cash & Bank Balances |
0.158
|
0.060 |
0.036 |
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Other Current Assets |
11.983
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8.884 |
5.836 |
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Loans & Advances |
0.000
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0.000 |
0.343 |
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Total
Current Assets |
43.877
|
36.339 |
45.660 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
21.294
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18.525 |
25.189 |
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Other Current Liabilities |
3.370
|
1.074 |
7.989 |
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Provisions |
1.174
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0.954 |
0.780 |
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Total
Current Liabilities |
25.838
|
20.553 |
33.958 |
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Net Current Assets |
18.039
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15.786 |
11.702 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
20.273 |
17.181 |
12.535 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2010 |
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SALES |
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Income |
85.560 |
83.945 |
77.329 |
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Other Income |
0.394 |
0.665 |
0.153 |
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TOTAL |
85.954 |
84.610 |
77.482 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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83.604 |
76.664 |
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Advertising Expenses |
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TOTAL |
84.780 |
83.604 |
76.664 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.174 |
1.006 |
0.818 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.668 |
0.474 |
0.209 |
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PROFIT BEFORE
TAX |
0.506 |
0.532 |
0.609 |
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Less |
TAX |
0.176 |
0.503 |
0.316 |
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PROFIT AFTER TAX
|
0.330 |
0.029 |
0.293 |
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Earnings Per
Share (Rs.) |
3.76 |
3.44 |
21.87 |
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KEY RATIOS
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PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2010 |
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PAT / Total Income |
(%) |
0.38
|
0.03 |
0.38 |
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Net Profit Margin (PBT/Sales) |
(%) |
0.59
|
0.64 |
0.79 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.10
|
1.41 |
1.31 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.09 |
0.10 |
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Debt Equity Ratio (Total Liability/Networth) |
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5.84
|
5.38 |
6.90 |
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Current Ratio (Current Asset/Current Liability) |
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1.70
|
1.77 |
1.34 |
LOCAL AGENCY FURTHER INFORMATION
Accounts:
The turnover of the company during the year ended 31.03.2010 is Rs. 85.560
Millions as compared to Rs. 83.946 Millions. The working of the Company has
resulted in a net profit (Before Taxation) of Rs. 0.505 Million after
depreciation of Rs. 0.668 Million whereas during the last year the Net Profit
(before taxation) of the company was Rs. 0.532 Million after depreciation of
Rs. 0.474 Million.
Fixed Assets:
·
Welding Machine
·
Fax Machine
·
Air Machine
·
Type Machine
·
Cars
·
Scooter
·
Furniture and Fixture
·
Computer
·
Air Conditioner
·
Printer
·
Television
·
Generator
·
Dies
·
EPBAX
·
Camera
·
Refrigerator
·
Mobile Phones
·
Aquaguard Water Filter
·
Fire Extinguisher
·
Cycle
AS PER WEBSITE
Profile:
Since time immemorial life is dependent on agriculture produce. In
In order to give a thrust to the Green House Technology evolved by
scientist years ago and also to improve the standards of Indian farmers, the Rajdeep Agri. Products Private Limited (Rajdeep)
adopted this technology when it was at the infancy stage. They aspired that the
Indian farmers not only survive but also thrive like their western counterparts
by using modern techniques of farming under controlled climatic conditions by
use of Green House technology.
Rajdeep remains a pioneer establishment in
The Green houses are now based on nearly three decades of on the job
experience and extensive know–how of the technicians who work closely with
farmers, agricultural research scientists and agricultural
universities/institutions of repute. They also specialize in Turnkey projects.
It is due to the dedicated efforts of the workforce and vast experience in this
field, that they were awarded ISO 9001-2000 certification. Perhaps none other
company in this field in
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.45.11 |
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|
1 |
Rs.72.91 |
|
Euro |
1 |
Rs.62.56 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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.