MIRA
INFORM REPORT
|
Report Date : |
02.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
ANSHUL IMPEX PRIVATE LIMITED |
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Registered
Office : |
15-B |
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Country : |
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Financials (as
on) : |
31.03.2009 |
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Date of
Incorporation : |
10.03.1989 |
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Com. Reg. No.: |
050964 |
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CIN No.: [Company Identification
No.] |
U15190MH1989PTC050964 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
NGPA01334E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Non Coking Coal |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 242000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to be
usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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 DECLINED BY
|
Name : |
Mr. Yugpradhan Mehta |
|
Designation : |
Director |
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Contact No.: |
91-9422114876 |
|
Date : |
29.04.2011 |
LOCATIONS
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Registered Office : |
15-B |
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Tel. No.: |
91-712-2444842 |
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Mobile No.: |
91-9422114876 (Mr. Yugpradhan Mehta) |
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Fax No.: |
91-712-2435769 |
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E-Mail : |
DIRECTORS
AS ON 30.09.2009
|
Name : |
Mr. Yugpradhan P Mehta |
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Designation : |
Director |
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Date of Birth/Age : |
01.06.1956 |
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Date of Appointment : |
10.03.1989 |
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|
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Name : |
Mrs. Ramila Y Mehta |
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Designation : |
Director |
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Date of Birth/Age : |
18.06.1963 |
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Date of Appointment : |
10.03.1989 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2009
|
Names of Shareholders |
No. of Shares |
|
Yugpradhan Mehta |
41680 |
|
Ramil Mehta |
50135 |
|
Ansul Mehta |
680 |
|
Anuj Mehta |
480 |
|
Ashok Mehta |
550 |
|
Anita Mehta |
150 |
|
Anjali Mehta |
250 |
|
Arun Mehta |
250 |
|
Ranjan Mehta |
1030 |
|
Falguni Mehta |
380 |
|
Swaraj Mehta |
300 |
|
Renu Nagori |
680 |
|
M K Nagori |
500 |
|
Ranjan Kothari |
1050 |
|
Hitesh Shah |
680 |
|
Manish Shah |
450 |
|
Anit Shah |
900 |
|
Sapna Jain |
870 |
|
Mohit Jain |
780 |
|
Sunita Jain |
430 |
|
Ashwani Kothari |
100 |
|
Sarika Jain |
200 |
|
Deepak Jain |
400 |
|
S R Sharma |
180 |
|
Reshma Shah |
100 |
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Sanguvi Vijaylal |
4150 |
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Subhadra Mehta |
50 |
|
Khagesh Mehta |
50 |
|
Dharmista Mehta |
50 |
|
Manglesh Shah |
50 |
|
Nirmal Shah |
50 |
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Manjula Shah |
50 |
|
Saroj Ganthia |
50 |
|
V L Jain |
96 |
|
Jayeshbhai Patel |
50 |
|
Maganbhai Patel |
50 |
|
Anju Mines Minerals and Chemicals Private Limited, |
45830 |
|
Ranjana Mehta |
1 |
|
Lodda Somaji Com |
1 |
|
Brite Timbers |
1 |
|
Nilesh Jain |
1 |
|
TOTAL |
153735 |
AS ON 30.09.2009
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
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Directors or relatives of directors |
|
92.00 |
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Other top fifty shareholders |
|
8.00 |
|
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Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Non Coking Coal |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged by the Management |
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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 : |
Vinay Bakhle and Associates Chartered Accountant |
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Address : |
701, B Wing, Lokmat Bhawan, |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
AS ON 30.09.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs. 100 each |
Rs.20.000 millions |
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|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
153735 |
Equity Shares |
Rs. 100 each |
Rs.15.373 millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.007 |
2.007 |
2.007 |
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2] Share Application Money |
47.340 |
4.170 |
4.118 |
|
|
3] Reserves & Surplus |
11.242 |
5.259 |
3.036 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
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NETWORTH |
60.589 |
11.436 |
9.161 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
110.549 |
149.045 |
58.162 |
|
|
2] Unsecured Loans |
3.202 |
21.722 |
2.772 |
|
|
TOTAL BORROWING |
113.751 |
170.767 |
60.934 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
174.340 |
182.203 |
70.095 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
22.940 |
17.822 |
13.233 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.006 |
0.006 |
0.007 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
12.470
|
8.452 |
17.063 |
|
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Sundry Debtors |
184.860
|
179.997 |
52.116 |
|
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Cash & Bank Balances |
1.860
|
1.483 |
0.393 |
|
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Other Current Assets |
0.000 |
0.000 |
0.000 |
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|
Loans & Advances |
17.567
|
19.962 |
24.371 |
|
Total
Current Assets |
216.757
|
209.894 |
93.943 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
59.704
|
42.779 |
35.759 |
|
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Other Current Liabilities |
0.000 |
0.000 |
0.000 |
|
|
Provisions |
5.659
|
2.740 |
1.329 |
|
Total
Current Liabilities |
65.363
|
45.519 |
37.088 |
|
|
Net Current Assets |
151.394
|
164.375 |
56.855 |
|
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|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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|
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|
|
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TOTAL |
174.340 |
182.203 |
70.095 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
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|
SALES |
|
|
|
|
|
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Sales |
724.454 |
344.175 |
186.957 |
|
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Other Income |
0.000 |
0.000 |
0.000 |
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|
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TOTAL (A) |
724.454 |
344.175 |
186.957 |
|
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|
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|
|
|
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Less |
EXPENSES |
|
|
|
|
|
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|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
692.790 |
329.021 |
179.311 |
|
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Advertising Expenses |
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TOTAL (B) |
692.790 |
329.021 |
179.311 |
|
|
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|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
31.664 |
15.154 |
7.646 |
|
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|
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Less |
FINANCIAL
EXPENSES (D) |
17.080 |
7.903 |
4.112 |
|
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|
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|
|
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.584 |
7.251 |
3.534 |
|
|
|
|
|
|
|
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.007 |
4.021 |
2.276 |
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|
|
|
|
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|
PROFIT BEFORE
TAX (E-F) (G) |
8.577 |
3.230 |
1.258 |
|
|
|
|
|
|
|
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|
Less |
TAX (H) |
2.595 |
1.007 |
0.431 |
|
|
|
|
|
|
|
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|
PROFIT AFTER TAX
(G-H) (I) |
5.982 |
2.223 |
0.827 |
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|
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|
|
|
Earnings Per
Share (Rs.) |
298.05 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
0.82
|
0.64 |
0.44 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.18
|
0.93 |
0.67 |
|
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|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.57
|
1.41 |
1.17 |
|
|
|
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|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.28 |
0.13 |
|
|
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|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.95
|
18.91 |
10.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.31
|
4.61 |
2.53 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
Rs. In Millions
|
Particulars |
31.03.2009
|
31.03.2008 |
31.03.2007 |
|
|
|
|
|
|
Sundry Creditors |
59.704
|
42.779 |
35.759 |
FINANCIAL
PERFORMANCE:
Time and money
waits for none and as the time passes the company is moving at a greater speed
as compared to the previous year. The company recorded a Net Profit of Rs.
5.982 millions during the year the as against a Net Profit of Rs. 2.223
millions during the previous financial year. In the years to come the company
is looking forward to give its best.
FIXED ASSETS:
- Office
Equipment
- Furniture
- Truck
- Land
- Tata Mobile
Van
- Electronic
Weight
- JCB Loading
Machine
- Plant and
Machinery
- Asoli Plot
FORM 8
|
Corporate
identity number of the company |
U15190MH1989PTC050964 |
|
Name of the
company |
AMSHUL IMPEX PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
15-B |
|
This form is for |
Modification of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Others |
|
Particular of
charge holder |
Union Bank of India, Ravindranath Tagor Road, Green Park, Civil Lines,
Nagpur 440001, Maharashtra, India |
|
Nature of
instrument creating charge |
Composite
Hypothecation Deed |
|
Date of
instrument Creating the charge |
29.09.2010 |
|
Amount secured by
the charge |
Rs. 400.000
millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest 1. CC (Hypo) Rs.
100.000 millions : Base rate + 5.25 % (@ 13.25 % p. a. with monthly rests.) 2. Inland Import
L/C Rs. 300.000 millions : Commission (Usual) Terms of repayment Repayment on
Demand or Subject to renewal or review. Margin Margin : 25 % for
Both Credit Facilities Extent and operation of the charge AT the request of
the Borrower, the Bank has enhanced the Banking limits From Rs. 225.000
millions to Rs. 400.000 millions, to secure due repayment the above Banking
limits along with all costs, interest and other charges thereon, first charge
on the Movable Properties of the Company Hypothecation of Stock of Raw Materials, Work in Process, Finished and Semi-finished Goods, Consumable Stores and Spares and Packaging Materials. All the present
and future Book Debts, Receivables, Outstanding Monies, Claims, Invoices,
Investments, Fixed Deposits, Securities and Contracts. Other Other Terms and
Conditions as per Sanction Letter and all other loaning documents executed
between Borrower and Bank. |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of Stock of Raw Materials, Work in Process, Finished and Semi-finished Goods, Consumable Stores and Spares and Packaging Materials. All the present
and future Book Debts, Receivables, Outstanding Monies, Claims, Invoices,
Investments, Fixed Deposits, Securities and Contracts. |
|
Date of
instrument modifying the charge |
22.01.2008 |
|
Particulars of
the present modification |
By way of present
modification, the charge modified from Rs. 225.000 millions to Rs. 400.000
millions and further secured by the movable assets of the Company described
in above and the Details of Banking Limits are as under : Limit Existing
Revised (Rs. in Millions) CC (H)
75.000 100.000 L/C 150.000 300.000 ---------- ------------ Total 225.000
400.000 ======= ======= The Total Charge
Stands upto Rs. 400.000 millions |
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.44.38 |
|
|
1 |
Rs.73.88 |
|
Euro |
1 |
Rs.65.83 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.