MIRA
INFORM REPORT
|
Report Date : |
10.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
|
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|
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Registered
Office : |
583/B, Market Yard, Gultekadi, Pune-411037, |
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Country : |
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|
|
Financials (as
on) : |
31.03.2010 |
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|
|
Date of
Incorporation : |
08.08.1957 |
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|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.87.112 Millions |
|
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|
Legal Form : |
Government Owned |
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Line of Business
: |
Providing Warehousing Services particularly for agricultural goods. |
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No. of
Employees: |
Not Divulged by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established organization in Maharashtra managed
under the control of State Government of Maharashtra and Central Warehousing
Corporation, The organization can be considered normal for business dealings at
usual trade term 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 DECLINED BY
MANAGEMENT NON CO-OPERATIVE
LOCATIONS
|
Registered Office : |
583/B, Market Yard, Gultekadi, Pune-411037, |
|
Tel. No.: |
91-20-66266800/ 24262951 |
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Fax No.: |
91-20-66266829/ 66266849 |
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E-Mail : |
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Website : |
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Regional Office 1 : |
Regional Head : Shri S. P. Borse, Senior Manager, M.S.Warehousing Corporation, M.I.D.C. Area , Near Railway station
road, |
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Tel. No.: |
91-240-2333811 |
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Fax No.: |
91-240-2333811 |
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E-Mail : |
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Regional Office 2 : |
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Tel. No.: |
91-712-2560891 |
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Fax No.: |
91-712-2560891 |
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E-Mail : |
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Regional Office 3 : |
PUNE |
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Tel. No.: |
91-20-24271592 |
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Fax No.: |
91-20-24271592 |
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E-Mail : |
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Regional Office 4 : |
JALGAON |
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Tel. No.: |
91-257-2210890 |
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Fax No.: |
91-257-2210890 |
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E-Mail : |
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Regional Office 5 : |
PARBHANI Behind Zilla Parishad Bldg., PARBHANI-431402, |
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Tel. No.: |
91-2452-2242488 |
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Fax No.: |
91-2452-2242488 |
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E-Mail : |
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Regional Office 6 : |
SOLAPUR New Shidheshawar Market Yard, Final Plot No.8, Solapur – 413001, |
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Tel. No.: |
91-217-2376106 |
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Fax No.: |
91-217-2376106 |
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E-Mail : |
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Regional Office 7 : |
NAVI MUMBAI Regional Head : Shri D.N.Andre, Manager, M.S.Warehousing Corporation Plot No.37, A.P.M.C. Sector No.18,Vashi, Navi Mumbai-400703, |
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Tel. No.: |
91-22-27631201 |
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Fax No.: |
91-22-27631201 |
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E-Mail : |
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Regional Office 8 : |
DRONAGIRI NODE Regional Head : Shri K.M.Tope, Manager M.S.Warehousing Corporation Plot No.89, Sector No.1, Dornagiri Node, Navi Mumbai-400707, |
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Tel. No.: |
91-22-27631201 |
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Fax No.: |
91-22-27631201 |
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E-Mail : |
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Regional Office 9 : |
NASHIK |
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Tel. No.: |
91-253-2317402 |
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Fax No.: |
91-253-2317402 |
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E-Mail : |
MANAGEMENT
As on 31.03.2010
|
BOARD OF DIRECTORS |
|
|
Name : |
Mr. M M Adtani, IAS |
|
Designation : |
Chairman and Managing Director ( |
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|
Name : |
Mr. G N Nair |
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Designation : |
Director (Finance) (Central Warehousing Corporation) |
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|
Name : |
Dr. Bhagwan Sahai, IAS |
|
Designation : |
Joint Secretary, Ministry of Consumer Affairs, Foods and Public
Distribution, Krishi Bhavan, |
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|
Name : |
Mr. Rakesh Puri |
|
Designation : |
Deputy General Manager, State Bank of India, Gulmohar, 2420 East
Street, Pune-411001, Maharashtra, India |
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|
Name : |
Dr. Rajeev Rai |
|
Designation : |
Director # 8/9, 27th Cross, Opposite Monotype, BSK 2nd
Stage, Bangalore-560070, |
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|
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|
Name : |
Mr. C B Chaudhary |
|
Designation : |
Deputy Secretary (MKT) Government of Maharashtra, Cooperative Marketing and Text Departments,
Mantralaya Annexe, Mumbai-400032, |
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|
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|
Name : |
Major Santokh Singh |
|
Designation : |
Regional Manager, Central Warehousing Corporation, 2nd
Floor, Baldota Bhavan, M K Marg, Churchgate, Mumbai-400020, |
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|
Name : |
Mr. N H Jalkote |
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Designation : |
Chief Engineer, Public Works Departments, |
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EXECUTIVE COMMITTEE |
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Name : |
Mr. M M Adtani, IAS |
|
Designation : |
Chairman and Managing Director, |
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|
Name : |
Dr. Rajiv Rai |
|
Designation : |
Director # 8/9, 27th Cross, Opposite Monotype, BSK 2nd
Stage, Bangalore-560070, |
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|
|
|
Name : |
Major Santokh Singh |
|
Designation : |
Regional Manager, Central Warehousing Corporation, 2nd
Floor, Baldota Bhavan, M K Marg, Churchgate, Mumbai-400020, |
|
|
|
|
Name : |
Mr. N H Jalkote |
|
Designation : |
Chief Engineer, Public Works Departments, |
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BRANCH EXECUTIVE AT HEAD OFFICE AS ON [31.03.2010] |
|
|
Name : |
Mr. S D Mandhare |
|
Designation : |
Joint Managing Director and Secretary |
|
Tel No. |
91-20-66266822 |
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|
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|
Name : |
Mr. S S Pradhan |
|
Designation : |
General Manager (A and A) and F.A. |
|
Tel No. |
91-20-66266860 |
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|
Name : |
Mr. R G Keswani |
|
Designation : |
General Manager (Engg) |
|
Tel No. |
91-20-66266855 |
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|
Name : |
Mr. N K Arora |
|
Designation : |
General Manager (QC and HRD) |
|
Tel No. |
91-20-66266840 |
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|
Name : |
Mr. S V Gandhi |
|
Designation : |
Programmer |
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Tel No. |
91-20-66266838 |
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|
Name : |
Mr. A R Pande |
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Designation : |
Senior Manger (BD) |
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Tel No. |
91-20-66266841 |
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Name : |
Mr. V S Jagtap |
|
Designation : |
Manager (Recovery) |
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Tel No. |
91-20-66266863 |
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|
Name : |
Mr. D M Andhre |
|
Designation : |
Manager (Finance) |
|
Tel No. |
91-20-66266864 |
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|
Name : |
Mr. B A Pachghare |
|
Designation : |
Manager (EST/ ADM) |
|
Tel No. |
91-20-66266870 |
|
LIST OF REGIONAL HEADS (AS ON 31.03.2010) |
|
|
Name : |
Mr. D B Bhosale |
|
Designation : |
Senior Manager, Solapur |
|
Tel No. |
91-217-2376106 |
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|
Name : |
Mr. S P Borse |
|
Designation : |
Senior Manager, |
|
Tel No. |
91-240-2333811 |
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|
|
|
Name : |
Mr. R B Pawar |
|
Designation : |
Senior Manager, Pune |
|
Tel No. |
91-20-66266880 |
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|
Name : |
Mr. M M Ghn |
|
Designation : |
Senior Manager, Jalgaon |
|
Tel No. |
91-257-2210890 |
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|
|
Name : |
Mr. S R Adakmol |
|
Designation : |
Senior Manager, Parbhani |
|
Tel No. |
91-245-27889201/ 27888558 |
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|
|
|
Name : |
Mr. A M Nanaware |
|
Designation : |
Manager, Navi Mumbai, Vashi |
|
Tel No. |
91-22-27889201/ 27888558 |
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|
Name : |
Mr. K M Tope |
|
Designation : |
Manager, JNPT, Dornagiri Node |
|
Tel No. |
91-22-27244300/01/ 64515079 |
|
|
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|
Name : |
Mr. R S Bhise |
|
Designation : |
Manager, Nashik |
|
Tel No. |
91-253-2317402 |
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|
Name : |
Mr. R G Alshi |
|
Designation : |
Manager, |
|
Tel No. |
91-712-2560891/ 2542051 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
Shareholding Pattern is not available
BUSINESS DETAILS
|
Line of Business : |
Providing Warehousing Services particularly for agricultural goods. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged by the management |
|
|
|
|
Bankers : |
Not available |
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|
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|
Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Shah Kandelwal Jain and Associates Chartered Accountants |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,500,000 |
Equity Share |
Rs. 100/- each |
Rs.150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
435,560 |
State Government Shares |
Rs. 100/- each |
Rs. 43.556
Millions |
|
435,560 |
Central Warehousing Corporation Shares |
Rs. 100/- each |
Rs. 43.556
Millions |
|
|
Total |
|
Rs.87.112 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
BALANCE SHEET
|
Particulars |
31.03.2010 |
31.03.2009 |
|
Capital and Liabilities |
|
|
|
|
|
|
|
1. SHARE CAPITAL |
|
|
|
a)
Authorized Capital 1500000 Shares of Rs. 100 each |
150.000 |
150.000 |
|
|
|
|
|
b)
Issued, Subscribed and fully paid up capital |
87.112 |
87.112 |
|
|
|
|
|
2. Reserve Funds |
|
|
|
Balance As per last balance sheet |
1354.572 |
1287.672 |
|
|
|
|
|
Profit and Loss Appropriation Account |
70.000 |
66.900 |
|
|
1424.572 |
1354.572 |
|
3. OTHER FUNDS |
|
|
|
|
|
|
|
1.
Depreciation fund |
460.970 |
413.525 |
|
|
|
|
|
2.
Building Fund As per lat Balance Sheet |
77.900 |
30.600 |
|
|
|
|
|
Add: Transfer form P and L |
76.500 |
47.300 |
|
|
154.400 |
77.900 |
|
|
|
|
|
3.
Fund for |
2.500 |
1.000 |
|
Less: Transfer to Reserve Fund to the Extent of loan granted |
0.000 |
0.000 |
|
Add: Transfer from P and L Appropriation Account |
5.000 |
1.500 |
|
|
7.500 |
2.500 |
|
|
|
|
|
4.
Development Fund |
20.000 |
20.000 |
|
5.
Fund for Establishment |
40.000 |
40.000 |
|
6.
Debt Redemption Fund As per Last Balance Sheet |
40.000 |
30.000 |
|
Less: Transfer to Reserve Fund |
0.000 |
0.000 |
|
Add: Transfer from P and L Account |
20.000 |
10.000 |
|
|
60.000 |
40.000 |
|
|
|
|
|
4. Borrowings
(Long Term) |
|
|
|
|
|
|
|
As per Last balance sheet |
126.903 |
0.000 |
|
Add: Loan taken in the year (New) |
20.146 |
0.000 |
|
Less: Loan refund |
100.530 |
0.000 |
|
|
46.520 |
126.903 |
|
5. PROVISIONS |
|
|
|
|
|
|
|
i)
Income Tax, FBT, Wealth Tax |
120.025 |
71.799 |
|
ii)
For Proposed Dividend |
20.000 |
20.000 |
|
iii)
Provision for Tax on Dividend |
3.399 |
3.399 |
|
iv)
For Gratuity |
30.900 |
8.100 |
|
v)
For Doubtful Debts |
39.472 |
40.305 |
|
vi)
For Leave Salary |
53.766 |
40.305 |
|
vii)
Deferred Tax (Net) |
127.775 |
90.175 |
|
viii)
Provision for P.L.I |
2.757 |
8.912 |
|
ix)
Provision for Arrears against 6th Play |
161.089 |
135.183 |
|
|
559.184 |
390.274 |
|
6. OTHER
LIABILITIES |
|
|
|
|
|
|
|
i)
Liabilities |
216.834 |
179.195 |
|
ii)
Deposits |
90.241 |
69.743 |
|
|
|
|
|
7. Other items |
12.732 |
6.586 |
|
|
|
|
|
8. Profit and
Loss Account |
0.081 |
0.002 |
|
|
|
|
|
GRAND TOTAL |
3180.145 |
2808.313 |
|
|
|
|
|
ASSETS AND
PROPERTY |
|
|
|
|
|
|
|
1. Cash in Hand
Remittance in Transit |
4.185 |
7.200 |
|
|
|
|
|
2. Cash in Banks |
|
|
|
1.
State Bank of |
24.277 |
13.796 |
|
2.
Nationalised Bank |
9.227 |
59.314 |
|
3.
Scheduled Banks and Co-Operative Banks |
2.612 |
0.999 |
|
|
36.116 |
74.110 |
|
4.
Term Deposits with Banks |
475.773 |
272.967 |
|
5.
Deposits with Bank of |
0.000 |
54.101 |
|
|
|
|
|
3. Investments |
|
|
|
|
|
|
|
1.
Share in |
0.005 |
0.005 |
|
2.
Share in Co-Operative Banks |
0.120 |
0.120 |
|
3.
Shares in Housing Society |
0.005 |
0.005 |
|
|
|
|
|
4. Fixed Assets |
1998.769 |
1752.859 |
|
|
|
|
|
5. Other Items |
|
|
|
1.
Interest Accrued on Short Term Deposits and
Advances |
16.832 |
9.864 |
|
2.
Stock in Hand |
7.527 |
7.491 |
|
3.
Warehousing Charges receivables |
248.328 |
282.080 |
|
4.
Handling and Supervision charges receivables |
104.339 |
128.904 |
|
5.
Furnigation charges receivables from Government |
0.806 |
0.656 |
|
6.
Income on DESS Receivables |
0.170 |
0.170 |
|
|
|
|
|
6. Advances |
66.697 |
26.439 |
|
|
|
|
|
7. Other Debit
Balances |
60.196 |
58.495 |
|
|
|
|
|
Advance payment of Income Tax |
118.902 |
62.335 |
|
|
|
|
|
Advance payment of Income Tax (FBT) |
0.000 |
2.001 |
|
|
|
|
|
Income Tax (Refund Due) |
41.375 |
68.509 |
|
|
|
|
|
GRAND TOTAL |
3180.145 |
2808.313 |
WAREHOUSING
PROFIT AND LOSS ACCOUNT
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
|
INCOME |
|
|
|
By Warehousing Charges |
849.711 |
665.432 |
|
By Fumigation Charges |
0.935 |
1.312 |
|
By Handling Charges |
285.054 |
240.097 |
|
By Handling Charges received CFS Dronagiri (Bond Import Export) |
52.453 |
57.791 |
|
By Supervision charges on Handling |
21.432 |
19.379 |
|
By E.D.I.Service Charges received |
2.062 |
1.890 |
|
By Income from Disinfection Extension Service Scheme (Income on Dess) |
0.000 |
0.330 |
|
By Weighbridge Charges |
2.597 |
2.591 |
|
TOTAL INCOME |
1214.244 |
988.822 |
|
|
|
|
|
EXPENDITURE |
|
|
|
To Establishment Expenses (Field Offices) |
240.425 |
226.918 |
|
To Travelling Allowance to the Officers & Staff |
2.799 |
2.276 |
|
To Rent,Rates and Taxes |
79.551 |
15.374 |
|
To Lease Rent |
3.110 |
2.686 |
|
To Depreciation on Assets of Field Offices |
45.481 |
36.439 |
|
To Insurance |
5.830 |
19.975 |
|
To Insecticides for Scientific Treatment |
7.449 |
2.572 |
|
To Property Tax for Buildings |
11.331 |
8.439 |
|
To Repairs to Warehouses |
9.529 |
9.210 |
|
To Repairs to Equipment |
1.685 |
0.918 |
|
To Licence Fees |
0.155 |
0.267 |
|
To Dunnage |
1.527 |
3.213 |
|
To Consumable Stores |
0.618 |
0.695 |
|
To Office & Misc.Expenditure |
3.856 |
2.766 |
|
To Other Items of Expenditure F.O. |
75.074 |
35.126 |
|
To Handling Charges & Other Expenses |
287.760 |
240.773 |
|
To E.D.I.Services paid |
1.447 |
1.187 |
|
To Handling Charges C.F.S.(Bond,Import Export) |
25.550 |
33.003 |
|
TOTAL
EXPENDITURE |
803.177 |
641.837 |
|
|
|
|
|
Gross Profit
Carried down to Profit and loss account |
411.067 |
346.985 |
PROFIT
AND LOSS ACCOUNT
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
|
INCOME |
|
|
|
By Gross Profit from Warehousing Profit
and Loss Account |
411.067 |
346.985 |
|
|
|
|
|
By
Interest |
|
|
|
On Bank Balance & Fixed Deposits |
35.269 |
28.348 |
|
Conveyance Advance |
0.140 |
0.238 |
|
H.B.A. |
0.182 |
0.143 |
|
Interest on Income Tax Refund |
4.335 |
0.974 |
|
|
|
|
|
By Income from Other
Sources |
|
|
|
Forfetuire of EMD (Security) |
0.000 |
0.010 |
|
Forfetuire of S.D. & Bank Guarantee |
1.535 |
0.080 |
|
Misc.Receipt |
0.591 |
1.413 |
|
Receipt from Sale of Tender form |
1.450 |
0.570 |
|
Overtime Allowance Received |
1.588 |
2.337 |
|
Foreiture of S.D. (Security Guard) |
0.006 |
0.000 |
|
Registration Fee for E - Tender |
0.167 |
0.000 |
|
Cenvat Credit (Service Tax) |
0.351 |
1.247 |
|
Scaning Charges |
0.032 |
0.000 |
|
Interest on Handling Adv. [C.F.S.] |
0.006 |
0.000 |
|
TOTAL
INCOME |
456.719 |
382.345 |
|
|
|
|
|
EXPENDITURE
|
|
|
|
To Establishment Expenses H. O. |
41.006 |
122.078 |
|
To Gratuity paid & provided |
27.050 |
7.842 |
|
To Audit Fees to Statutory Auditors |
0.160 |
0.235 |
|
To Traveling Allowance to Board of
Directors |
0.266 |
0.151 |
|
To Traveling Allowance to Statutory
Auditors |
0.000 |
0.019 |
|
To Traveling Allowance to Officers |
0.380 |
0.599 |
|
To Traveling Allowance to Staff |
0.305 |
0.289 |
|
To Rent,Rates & Taxes |
0.063 |
0.021 |
|
To Property Tax H.O.Building |
0.563 |
0.268 |
|
To Stationery and Printing |
0.314 |
0.860 |
|
To Maintainance of H.O.Building |
0.596 |
0.343 |
|
To Repairs to Equipments |
0.271 |
0.386 |
|
To Office & Misc. Expenditure |
1.570 |
2.297 |
|
To Other Items of Exp. H.O. |
3.854 |
4.015 |
|
To Depreciation on Assets of H.O. |
2.056 |
1.915 |
|
To Bad & Doubtful Debts |
27.071 |
0.000 |
|
To Service Tax on Revenue Expenditure |
1.898 |
1.020 |
|
Loss on sale of Asstes |
0.169 |
0.000 |
|
BOT Share for E-Tender |
0.068 |
0.000 |
|
To Interest on Term Loan |
0.000 |
4.249 |
|
TOTAL
EXPENDITURE |
107.660 |
146.587 |
|
|
|
|
|
Net
Profit For the Year |
349.059 |
235.758 |
|
|
|
|
|
Add
: By Excess Provision Written Back |
[0.468] |
25.734 |
|
Add
: By Prior Period Income |
12.828 |
1.550 |
|
Less
: To Prior Period Expenses |
8.816 |
10.741 |
|
Net
Profit carried down to Profit & Loss Appropriation Account |
352.603 |
252.301 |
|
|
|
|
|
Appropriations
|
|
|
|
To Provision for Income Tax |
120000 |
70.000 |
|
To Transfer to Reserve Fund |
70.000 |
66.900 |
|
To Provision for F. B. T. |
0.000 |
1.774 |
|
To Provision for Wealth Tax |
0.024 |
0.025 |
|
To Transfer to Debt Redemption Fund |
20.000 |
10.000 |
|
To Provision for Deferred Tax |
37.600 |
31.500 |
|
To Transfer to Funds for |
5.000 |
1.500 |
|
To Provision for Dividend |
20.000 |
20.000 |
|
To Provision for tax on Dividend |
3.398 |
3.399 |
|
To Building Fund |
76.500 |
47.300 |
|
To
Balance Transferred to Balance Sheet |
0.081 |
0.002 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL RESULTS
The
Corporation has earned the gross profit of Rs. 411.067 Millions compared to Rs.
346.985 Millions of previous year viz. 2008-2009. The gross profit is thus
increased by Rs. 64.082 Millions which is more by 18.47% as compared to
previous year.
The
Net profit for the year (after accounting prior period income and expenditure
and even after making the provisions of Rs. 25.909 Millions towards payment of
arrears on account off VI pay to retired employees and suspended employees and
of 270.71 lakh towards writing off of bad and doubtful debts) is Rs. 352.603
Millions as against Rs. 252.302 Millions for the previous year 2008- 2009
resulting in increse in Net Profit by Rs. 100.301 Millions which is more by
39.75% as compared to previous year.
It
will be observed from the above figures that the Corporation has endeavored
continuously to improve its performance and this year they have reached at the
unprecedented figure of rise in profit as far as the Corporation is concerned.
It
is proposed to declare total dividend of Rs. 20.000 Millions to the
Shareholders for the year 2009-2010 excluding tax.
BUSINESS ASPECTS
The
corporation has made big business achievements in its targeted goals as out of
total average 14.95 lakh MT storage capacity during the year, the Corporation
has done business by making average utilization of 10.99 lakh MT (74%) of the
total utilization.
The
Corporation has made good business of cotton bales of average utilization of
4,97,601 MT (45.2%) in comparision to last years average cotton bales storage
of 2,05,789 MT (22.23%) i.e. more than double the last years. This became
possible by taking prompt decision of hiring private godowns at minimum
possible rates.
As
regards the business of bonded warehouse, the Corporation has made lots of
efforts to increase business but due to economic recession factor the business
of bonded wearhouse for imports decreased from 54,150 MT to 33,927 MT this
year. Similarly the business under industrial custom and general custom and
fertilizer also decreased marginally.
However,
in case of the business of food grains pertaining to Food Corporation of India,
the Corporation has made good efforts to increase this business and the average
capacity utilization of food grains of FCI increased from 1,75,068 MT to
2,16,264 MT.
LIST OF REGIONWISE
WAREHOUSING CENTRES AND THEIR AVERAGE CAPACITY AS ON 31-3-2010
|
Name |
Mr. S P Borse, Senior Manager |
||||||
|
|
|
||||||
|
Address |
M.
S. Warehousing Corporation MIDC Area, Near |
||||||
|
|
|
||||||
|
Tel No. of
Regional Office Head |
91-240-2333811 |
||||||
|
|
|
||||||
|
Total No. of
Warehouse Centers |
19 |
||||||
|
|
|
||||||
|
Total Storage
Capacity in M. Ts. |
|
|
District |
Name of Centre |
Average Capacity (in M.T.) |
|
|
1.
Jadhawadi, 2.
3.
Aurgangabad M. I. D. C. B -23 4.
Kannad 5.
Lasur 6.
Paithan 7.
Vijapur 8.
Viha Mandwa |
16,762 5,871 11,004 13,277 8,154 3,160 4,040 2,000 |
|
Beed |
9.
Beed 10.
Georai 11.
Majalgaon 12.
Parli Vaijanath, Tokwadi 13.
Parli Vaijanath, A.P.M.C. |
19,310 13,102 15,038 14,800 9,367 |
|
Jalna |
14.
Ashti 15.
Jalna, 16.
17.
Partur 18.
Tirthpuri 19.
Wadigodri |
2,350 40,128 7,880 5,840 2,747 3,160 |
|
|
Total |
1,97,990 |
JALGAON REGION
|
Name |
Mr. M M Ghan, Senior Manager |
||||||
|
|
|
||||||
|
Address |
M.
S. Warehousing Corporation Plot No. B-6, MIDC, |
||||||
|
|
|
||||||
|
Tel No. of
Regional Office Head |
91-257-2210890 |
||||||
|
|
|
||||||
|
Total No. of
Warehouse Centers |
23 |
||||||
|
|
|
||||||
|
Total Storage
Capacity in M. Ts. |
|
|
District |
Name of Centre |
Average Capacity (in M.T.) |
|
|
1.
Akot 2.
Murtizapur 3.
Telhara |
8,570 14,145 4,547 |
|
Buldhana |
4.
Chikhali 5.
Deolgaon Raja 6.
7.
Khamgaon, Warkhed 8.
Malkapur 9.
Mehekar 10.
Shegaon |
10,320 7,039 3,620 29,404 6,802 10,280 12,009 |
|
Jalgaon |
11.
Undri 12.
Amalner 13.
Bhusawal 14.
Bodwad 15.
Chalisgaon 16.
Chopda 17.
Dharangaon 18.
Jalgaon B 6 M.I.D.C. 19.
Jalgaon H.-14 M.I.D.C. 20.
Jalgaon Shivajinagar 21.
Kasoda 22.
Pachora 23.
Raver |
2,000 11,517 10,067 4,372 6,936 5,980 4,989 16,469 40,880 3,530 5,644 5,685 1,580 |
|
|
Total |
2,26,385 |
|
Name |
Mr. R G Alshi, Manager |
||||||
|
|
|
||||||
|
Address |
M.
S. Warehousing Corporation Nagpur Sudhar Pranyas Vyapari Sankul, Third floor,
Gokul Peth, |
||||||
|
|
|
||||||
|
Tel No. of Regional Office Head |
91-712-2560891 |
||||||
|
|
|
||||||
|
Total No. of Warehouse Centers |
28 |
||||||
|
|
|
||||||
|
Total Storage Capacity in M. Ts. |
|
|
District |
Name of Centre |
Average Capacity (in M.T.) |
|
Amrawati |
1.
Achalpur 2.
Chandur Bazar 3.
Chandur Rly. 4.
Dhamangaon 5.
Warud |
7,929 7,527 5,146 19,218 6,258 |
|
Bhandara |
7.
Tumsar |
3,430 8,829 |
|
Chandrapur |
8.
Bramhapuri 9.
Chandrapur 10.
Warora |
2,000 19,675 11,107 |
|
Gadchiroli |
11.
Gadchiroli 12.
Wadsa |
3,726 8,860 |
|
Gondia |
13.
Amgaon 14.
Arjuni Morgaon |
3,160 4,774 |
|
|
15.
Butibori |
2,683 |
|
|
16.
Katol 17.
|
7,457 27,755 |
|
Wardha |
18.
Arvi 19.
Hinganghat 20.
Wardha Shivngar 21.
Wardha M. I. D. C. |
10,770 17,679 8,700 16,860 |
|
Yeotmal |
22.
Darwha 23.
Pusad 24.
Umarkhed 25.
Wani (Y) 26.
Nandgaon Khandeshwar 27.
Lohara 28.
|
8,183 11,848 8,365 10,954 1,580 11,590 13,663 |
|
|
Total |
2,69,726 |
PARBHANI REGION
|
Name |
Mr. S R Adakmol, Senior Manager |
||||||
|
|
|
||||||
|
Address |
M.
S. Warehousing Corporation Behind
Z. P. Building PARBHANI - 431 402, |
||||||
|
|
|
||||||
|
Tel No. of
Regional Office Head |
91-2452-242488 |
||||||
|
|
|
||||||
|
Total No. of
Warehouse Centers |
21 |
||||||
|
|
|
||||||
|
Total Storage
Capacity in M. Ts. |
|
|
District |
Name of Centre |
Average Capacity (in M.T.) |
|
Hingoli |
1.
Basmatnagar 2.
Hatta 3.
Hingoli, Malharwadi 4.
Hingoli M. I. D. C. 5.
Jawala Bazar |
7,004 3,400 11,447 10,117 2,107 |
|
Nanded |
6.
Dharmabad 7.
Deglur 8.
Loha 9.
Nanded, City 10.
Nanded M. I. D. C. |
7,031 3,696 6,687 4,598 44,107 |
|
Parbhani |
11.
Gangakhed 12.
Jintur 13.
Manwat 14.
15.
Parbhani M. I. D. C. 16.
Purna 17.
Sailu |
9,495 4,732 9,025 6,887 41,280 4,000 8,556 |
|
Washim |
18.
Mangrulpir 19.
20.
Risod 21.
Washim |
9,547 4,720 3,419 9,790 |
|
|
Total |
2,11,645 |
PUNE REGION
|
Name |
Mr. R B Pawar |
||||||
|
|
|
||||||
|
Address |
M.
S. Warehousing Corporation 583/B,
Market Yard, Gultekadi,PUNE - 411 037, |
||||||
|
|
|
||||||
|
Tel No. of Regional
Office Head |
91-20-66266889 |
||||||
|
|
|
||||||
|
Total No. of
Warehouse Centers |
18 |
||||||
|
|
|
||||||
|
Total Storage
Capacity in M. Ts. |
|
|
District |
Name
of Centre |
Average
Capacity (in M.T.) |
|
|
1.
Ichalkaranji 2.
Jaisingpur |
2,680 3,160 |
|
Pune |
3.
Baramati 4.
Indapur 5.
Nira 6.
Pune, Bhosari 7.
Pune, Chinchwad 8.
Pune, Gultekadi 9.
Ranjangaon |
16,960 132 3,280 13,480 4,480 9,095 9,000 |
|
Sangli |
10.
Miraj 11.
Takari 12.
Tasgaon 13.
Karad |
9,480 5,938 3,030 18,768 |
|
Satara |
14.
Lonand 15.
Phaltan 16.
Satara D-5 MIDC 17.
Satara K-4 MIDC 18.
Wai |
10320 6,060 8,260 15,800 2,860 |
|
|
Total |
1,42,783 |
SOLAPUR
REGION
|
Name |
Mr. D N Bhosale, Senior Manager |
||||||
|
|
|
||||||
|
Address |
M.
S. Warehousing Corporation Plot
No. 8, New Sidheshwar, Market Yard, SOLAPUR - 413 001, |
||||||
|
|
|
||||||
|
Tel No. of
Regional Office Head |
91-217-2376106 |
||||||
|
|
|
||||||
|
Total No. of
Warehouse Centers |
19 |
||||||
|
|
|
||||||
|
Total Storage
Capacity in M. Ts. |
|
|
District |
Name
of Centre |
Average
Capacity (in M.T.) |
|
Latur |
1.
Latur (MIDC) 2.
Latur -P2 3.
Udgir 4.
Ahmedpur |
20,947 16,938 11,536 1,580 |
|
Osmanabad |
5.
Kalamb 6.
Murum 7.
Osmanabad |
5,154 3,160 4,160 |
|
Solapur |
8.
Akkalkot 9.
Akluj 10.
Barshi 11.
Chincholi 12.
Karmala 13.
Kurduwadi 14.
Mangalvedha 15.
Mohol 16.
Pandharpur 17.
Solapur (City) 18.
Virag 19.
Sangola |
10,626 8,267 9,761 7,620 3,160 24,755 2,875 3,728 16,240 4,740 5,056 5,233 |
|
|
Total |
1,65,536 |
|
Name |
Mr. R S Bhise, Manager |
||||||
|
|
|
||||||
|
Address |
M.
S. Warehousing Corporation Gala No. 4, Vyapari Sankul,
Opp. Gruhnirman, Vitta Mahamandal Sharanpur Road, NASIK-CITY – 422005,
Maharashtra, India |
||||||
|
|
|
||||||
|
Tel No. of
Regional Office Head |
91-253-2317402 |
||||||
|
|
|
||||||
|
Total No. of
Warehouse Centers |
27 |
||||||
|
|
|
||||||
|
Total Storage
Capacity in M. Ts. |
|
|
District |
Name
of Centre |
Average
Capacity (in M.T.) |
|
Ahmednagar |
1.
2.
Ahmednagar Kedgaon 3.
Ahmednagar Nagapur 4.
Kopergaon 5.
Newasa 6.
Sangamner 7.
Shrirampur 8.
Wambori |
4,740 17,386 11,754 16,584 4,000 3,160 16,563 2,000 |
|
Dhule |
9.
Dhule, A. P. M. C. 10.
Dhule, M. I. D. C. 11.
Dondaiche, A. P. M. C. 12.
13.
Shirpur |
12,822 10,900 5,621 11,100 4,610 |
|
Nandurbar |
14.
Nandurbar 15.
Navapur 16. Shahada |
10,810 7,026 8,464 |
|
|
17.
Kalwan 18.
Lasalgaon 19.
20.
Manmad 21. Nampur 22.
Ozar 23.
Satana 24.
Wani (N) 25. Sinner 26.
Ambad 27.
Nandgaon (Nashik) |
3,500 11,765 8,420 11,500 2,000 7,323 5,200 2,000 2,370 1,955 1,580 |
|
|
Total |
2,05,153 |
NAVI
MUMBAI REGION
|
Name |
Mr. a n Nanaware, Manager |
||||||
|
Address |
M.S.
Warehousing Corporation Plot
No.,37, Sector No. 18, APMC Yard, NAVI MUMBAI VASHI - 400 703, |
||||||
|
Tel No. of Regional
Office Head |
91-22-27889201/ 27888558 |
||||||
|
Total No. of
Warehouse Centers |
10 |
||||||
|
Total Storage
Capacity in M. Ts. |
|
|
District |
Name
of Centre |
Average
Capacity (in M.T.) |
|
Raigad |
1.
Kalamboli B. W. 2.
Karjat 3.
Panvel Gen. Panvel
Open B.W. 4.
Taloja BW Taloja-Gen Taloja
Open B.W. 5. Vashi B. W. Vashi
Hired B. W. Vashi
Open B.W. |
7,029 1,450 6,080 1,228 22,999 350 10,020 4,480 4,300 486 |
|
Ratnagiri |
6.
Lote Parshuram 7.
Ratnagiri |
1,580 9,260 |
|
Sindhudurg |
8.
Kudal |
3,160 |
|
Thane |
9.
Palghar 10.
Manpada BW Manpada
Gen. |
2,000 1327 332 |
|
|
Total |
76,081 |
CFS
DRONAGIRI NODE
|
Name |
Mr. K M Tope, Manager |
|
|
|
|
Address |
M.S.
Warehousing Corporation Plot
No.,89, Sector No. 1, Dronagiri Node Sheva NAVI MUMBAI - 400 707, |
|
|
|
|
Tel No. of
Regional Office Head |
91-22-27244300/ 27242580 |
|
|
|
|
Custom Bonded
Area |
3087 in sq. mtrs |
|
Export Shed Area |
3013 in Sq. mtrs |
|
Import Shed Area |
2111 in sq. mtrs |
|
Container Yard
Area |
26600 in sq. mtrs |
|
Total |
34811 in sq. mtrs. |
REGIONWISE SUMMARY
|
Region name |
No. of Centres |
Average Capacity (In M.T.) |
|
1.
|
19 |
197990 |
|
2.
JALGAON |
23 |
226385 |
|
3.
|
28 |
269726 |
|
PARBHANI 5.
PUNE |
21 18 |
211645 142783 |
|
6.
SOLAPUR |
19 |
165536 |
|
7.
NASHIK |
27 |
205153 |
|
8.
NAVI-MUMBAI |
10 |
76081 |
|
TOTAL |
165 |
1495299 |
|
|
|
|
|
9.
CFS DRONAGIRI NODE |
1 |
34811
sq. Mtr. |
As per Website
Profile:
Subject was
established on 8th August,1957, under the Agriculture Produce (Development and
Warehousing) Act,1956, which was subsequently replaced by the Warehousing Corporations
Act,1962. The functioning of the State Warehousing Corporation is done on
the basis of said Act and the detailed procedure formultated under Bombay
Warehouses Act,1959 and Bombay Warehouses Rules,1960 duly amended from time to
time.
As per the Act, MSWC
has two Shareholders, one is Government of Maharashtra and another is Central
Warehousing Corporation with 50% Shares each. The Board of Directors
consists of 5 Directors nominated by Government of Maharashtra and 5 by CWC and
Chairman and MD appointed by Government of Maharashtra.
Maharashtra State
Warehousing Corporation (MSWC) is one of the oldest State Warehousing
Corporation in the country, . It was started with 3 Warehousing Centers
and has now grown up to the extent of 165 Centers as at present with a total
capacity of 12.12 Lakhs M.Ts.
Maharashtra State
Warehousing Corporation has introduced measures for providing economical
services to the farmers. to store their primary produce. M.S.W.C.
encourages to avail the facilities of scientific storage by giving rebate up to
50% to them. Besides rebate up to 50% is also given to the farmers from
S.C./S.T. categories and notified tribal areas.
Warehousing
activities of MSWC include scientific storage of food grains, fertilizers,
industrial goods , cotton bales, cement, and at some places it runs custom
bonded warehouses and container freight stations.
Depositors can avail
Credit from Banks by pledging Warehouse Receipt Issued by us.
Awards:
|
Tital |
Awards |
|
Runnerup of National Productivity Award |
1991-92 |
|
Winner of National Productivity Award |
1992-93 |
|
Winner of National Productivity Award |
1993-94 |
|
Winner of National Productivity Award |
1994-95 |
|
Winner of National Productivity Award |
1995-96 |
|
Winner of IMM TMC Award |
1995-96 |
|
Winner of National Productivity Award |
1996-97 |
|
Winner of National Productivity Award |
1997-98 |
|
Winner of National Productivity Award |
1999-2000 |
SERVICES:
·
They
Scientifically Store Agricultural
Produce and inputs such as Food grains, Pulses, Seeds,
Chilly, Turmeric, Onions, Pickles, Jaggery, Sugar, Milk Powder,
Cotton bales etc; and Industrial
Materials such as Cement, Fertilizers, Chemicals, Plastic Granules and
Other Notified Commodities etc.
·
All
warehouses have Insurance Cover
against Fire, Riot ,Strike and Malacious Damages
(RSMD) ,
Storm, Tempest, Flood and Inundation (STFI).
·
They
provide Handling and Transportation
to Depositors if requested, through the Approved contractors.
·
They
provide Handling and Transportation
to Depositors if requested, through the Approved contractors.
·
They
provide Custom Bonded Warehouses at
important Trading centres of
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 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.49.78 |
|
|
1 |
Rs.80.10 |
|
Euro |
1 |
Rs.68.81 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
62 |
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.