MIRA
INFORM REPORT
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Report Date : |
09.05.2011 |
Note:
The registered office of the company has been shifted from Flat No.8+12, A Wing Poonam Apartment, Bibwewadi Kondawa Road, Pune – 411037, Maharashtra to the present address.
IDENTIFICATION DETAILS
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Name : |
MANSHYA MARKETING PRIVATE LIMITED (w.e.f. 2001) |
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Formerly Known
As : |
YASHNITA MARKETING PRIVATE LIMITED |
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Registered
Office : |
Sry. No.49/1A/1A/1B/1, Rajkumar Lodha Industrial Estate, Opposite
Shatrunjay Mandir, Katraj, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
17.08.1999 |
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Com. Reg. No.: |
11-013924 |
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Capital
Investment / Paid-up Capital : |
Rs.2.000 Millions |
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CIN No.: [Company Identification
No.] |
U51909PN1999PTC013924 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEM08347D |
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PAN No.: [Permanent Account No.] |
AACCM7782N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Agri Inputs such as Organic Manure, Fertilizers and
Bio-Fertilizers etc. |
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No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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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 62000 |
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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.
INFORMATION PARTED BY
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Name : |
Mr. Ravindra Agarwal |
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Designation : |
Director |
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Contact No.: |
91-20-24263447 |
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Date : |
07.05.2011 |
LOCATIONS
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Registered Office : |
Sry. No.49/1A/1A/1B/1, Rajkumar Lodha Industrial Estate, Opposite
Shatrunjay Mandir, Katraj, Kondhwa Road, Pune – 411 048, Maharashtra, India |
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E-Mail : |
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Area : |
2000 sq ft |
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Location : |
Owned |
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Admin Office : |
204, Ashoka Arch E–28/29, Gultekdi, Market Yard, Near Nisarg Mangal
Karyalaya, Pune – 411 037, |
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Tel. No.: |
91-20-24264714 |
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Fax No.: |
91-20-24263447 |
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Area : |
3500 sq ft |
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Location : |
Owned |
DIRECTORS
As on 30.09.2010
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Name : |
Mr. Ravindra Madanlal Agrawal |
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Designation : |
Director |
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Address : |
Flat No.8/12, A Wing Poonam Apartment, Bibwewadi, |
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Date of Birth/Age : |
04.04.1961 |
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Qualification : |
Graduate |
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Date of Appointment : |
17.08.1999 |
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DIN No.: |
00392831 |
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Name : |
Mrs. Lata Ravindra Agrawal |
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Designation : |
Director |
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Address : |
Flat No.8/12, A Wing Poonam Apartment, Bibwewadi, |
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Date of Birth/Age : |
08.01.1966 |
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Qualification : |
Graduate |
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Date of Appointment : |
17.08.1999 |
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DIN No.: |
00392871 |
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Name : |
Mr. Vijay Prabhakar Kunte |
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Designation : |
Director |
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Address : |
Plot No.89, Mahatma Society, Kothrud, Pune – 411 038, |
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Date of Birth/Age : |
20.03.1943 |
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Qualification : |
Graduate |
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Date of Appointment : |
17.08.1999 |
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DIN No.: |
00392898 |
KEY EXECUTIVES
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Name : |
Chirag Chawra and Company |
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Designation : |
Company Secretaries |
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Address : |
Shop No.9, |
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Mobile No.: |
91-9923794174/ 9850109668 |
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E-Mail : |
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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Ravindra Madanlal Agrawal |
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10000 |
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Lata Ravindra Agrawal |
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10000 |
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Total |
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20000 |
As on 30.09.2010
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader of Agri Inputs such as Organic Manure, Fertilizers and
Bio-Fertilizers etc. |
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Products : |
v
Organic Manure v
Single/ Complex Micronutrient Mixtures v
Bio Fertilizers |
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Imports : |
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Products : |
Fertilizers |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit (30/ 60/ 90 days) |
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Purchasing : |
L/C, Cash and Credit (30/ 60/ 90 days) |
GENERAL INFORMATION
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Customers : |
Wholesalers, Retailers End Users and OEM’s |
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No. of Employees : |
15 (Approximately) |
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Bankers : |
v
Bank of Maharashtra, 425/1, Mangaldeep, T.M.V.
Colony Branch, Mukundnagar, Pune – 411 037, v
State Bank of v
Barclays
Bank v
HDFC
Bank Limited v
ICICI
Bank |
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Facilities : |
Cash Credit – Rs.2.500 millions
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
R.J. Lahoti and Company Chartered Accountants |
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Address : |
481/C, Shreepal Chambers, Shaniwar Peth, Pune – 411 030, |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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24000 |
Equity Shares |
Rs.100/- each |
Rs.2.400 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
20000 |
Equity Shares |
Rs.100/- each |
Rs.2.000 Millions |
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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 |
2.000 |
2.000 |
2.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
13.483 |
8.664 |
6.538 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
15.483 |
10.664 |
8.538 |
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LOAN FUNDS |
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1] Secured Loans |
5.717 |
7.765 |
10.076 |
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2] Unsecured Loans |
6.351 |
6.136 |
6.227 |
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TOTAL BORROWING |
12.068 |
13.901 |
16.303 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
27.551 |
24.565 |
24.841 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
4.838 |
1.552 |
1.630 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
10.056
|
10.453
|
16.518 |
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Sundry Debtors |
26.260
|
18.705
|
26.380 |
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Cash & Bank Balances |
3.471
|
4.002
|
3.246 |
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Other Current Assets |
7.399
|
1.758
|
5.100 |
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Loans & Advances |
0.000
|
0.000
|
0.000 |
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Total
Current Assets |
47.186
|
34.918 |
51.244 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
17.356 |
7.114 |
15.427 |
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Other Current Liabilities |
1.211
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2.243
|
5.532 |
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Provisions |
5.920
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2.567
|
7.098 |
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Total
Current Liabilities |
24.487
|
11.924
|
28.057 |
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Net Current Assets |
22.699
|
22.994
|
23.187 |
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MISCELLANEOUS EXPENSES |
0.014 |
0.019 |
0.024 |
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TOTAL |
27.551 |
24.565 |
24.841 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
114.992 |
89.227 |
88.218 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
6.044 |
3.625 |
3.550 |
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DEPRECIATION/
AMORTISATION |
0.379 |
0.322 |
0.417 |
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PROFIT BEFORE
TAX |
6.424 |
3.303 |
3.133 |
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Less |
TAX |
1.605 |
1.176 |
1.201 |
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PROFIT AFTER TAX
|
4.819 |
2.127 |
1.932 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.264 |
0.137 |
0.105 |
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Less |
APPROPRIATIONS |
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Transfer to General Reserve |
4.000 |
2.000 |
1.900 |
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BALANCE CARRIED
TO THE B/S |
1.083 |
0.264 |
0.137 |
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Earnings Per
Share (Rs.) |
240.93 |
106.35 |
NA |
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Particulars |
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31.03.2011 (Approximately) |
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Sales Turnover |
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|
140.000 |
Expected Sales (2011-2012): Rs.200.000 millions
The above information has been parted by Mr. Ravindra Agarwal (Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
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Net Profit Margin (PBT/Sales) |
(%) |
5.59
|
3.70
|
3.55 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
12.35
|
9.06
|
5.93 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.41
|
0.30
|
0.41 |
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Debt Equity Ratio (Total Liability/Networth) |
|
2.36
|
2.42
|
5.19 |
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Current Ratio (Current Asset/Current Liability) |
|
1.93
|
2.92
|
1.82 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
31.03.2008 (Rs. in millions) |
|
Sundry Creditors |
17.356 |
7.114 |
15.427 |
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OPERATIONS:
This is the Tenth year of trading operations and the response to their efforts is very encouraging.
During the financial year, the sales have crossed Rs.114.992 Millions and the profit before income tax is Rs.6.424 Millions. Focus on quality; diversity of product range, efficient after sales service and broadening of customer base of the company has resulted in increase in profit.
The sales turnover has been increased more that 25% as compare to last sales turnover as well as the net profit before depreciation and tax has also increased.
In the face of adverse market conditions and rainfall, the company has maintained satisfactory growth in Sales/Total Receipts as well as in net profit before depreciation during the year.
OUTLOOK:
Management of the company visualized the needs of the enlightened farmer and decided to enter into marketing of organic inputs like Bio Fertilizers and Humic acid etc. These products do not affect the soil chemistry. Therefore, it is hoped that sales may increase rather more exponentially. So future of the company looks encouraging and progressive. The company will continue to protect its broad base by sale of Organic Manures, Bio fertilizers and single nutrients etc.
FORM 8:
|
Corporate
identity number of the company |
U51909PN1999PTC013924 |
|
Name of the
company |
MANSHYA MARKETING PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
Sry. No.49/1A/1A/1B/1, Rajkumar Lodha Industrial Estate, Opposite
Shatrunjay Mandir, Katraj, E-Mail: chiragchawra@yahoo.com |
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This form is for |
Creation of
charge |
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Type of charge |
Movable Property |
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Particular of
charge holder |
Bank of Maharashtra, 425/1, Mangaldeep, T.M.V. Colony Branch,
Mukundnagar, Pune – 411 037, E-Mail: bom320@mahabank.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Composite Deed of
Hypothecation for all facilities |
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Date of
instrument Creating the charge |
25.10.2010 |
|
Amount secured by
the charge |
Rs.2.500 millions
|
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest:
As per RBP @ base
rate plus 4.50% i.e. 7.50% p.a. at present with monthly rests. Terms of
Repayment: After 90 days Margin: 25% in Banks
favour Extent and
Operation of the charge: 3 months |
|
Short particulars
of the property charged |
Hypothecation of
stocks and book debts, debtors upto 90 days |
FIXED ASSETS:
v
v Furniture and Fixtures
v Furniture and Fixture work in progress
v Equipment and Machinery
v Computers
v
Vehicles
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.44.78 |
|
|
1 |
Rs.73.43 |
|
Euro |
1 |
Rs.65.27 |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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.