MIRA
INFORM REPORT
|
Report Date : |
05.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
GUPTA AGRI CARE PRIVATE LIMITED |
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Registered
Office : |
B-13-14, Industrial Focal Point, Sangrur – 148 001, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
15.10.2007 |
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Com. Reg. No.: |
16-031419 |
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Capital
Investment / Paid-up Capital : |
Rs.8.450
millions |
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CIN No.: [Company Identification
No.] |
U24120PB2007PTC031419 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is
engaged in the business of Manufacturing Zinc Sulphate fertilizer grade. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
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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 111000 |
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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. Trade relations
are reported as fair. Business is active. Payments are reported to be slow
but correct. The company can be considered for business dealings with some caution.
Profit and loss account for the current year is not available. |
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 : |
B-13-14, Industrial Focal Point, Sangrur – 148 001, |
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Tel. No.: |
91-1672-230729 |
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Fax No.: |
91-1672-236029 |
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E-Mail : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Ved Prakash Nohar Chand Gupta |
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Designation : |
Director |
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Address : |
Shanti Kunj, Agar Nagar, St No.3, Sangrur – 148 001, |
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Date of Birth/Age : |
08.09.1961 |
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Date of Appointment : |
15.10.2007 |
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DIN No.: |
00021360 |
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Name : |
Madhu Gupta |
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Designation : |
Director |
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Address : |
Shanti Kunj, Agar Nagar, St No.3, Sangrur – 148 001, |
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Date of Birth/Age : |
05.11.1962 |
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Date of Appointment : |
07.08.2010 |
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DIN No.: |
01771084 |
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Name : |
Mr. Vijay Kumar Nohar Chand Gupta |
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Designation : |
Director |
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Address : |
Amrit Kunj, Agar Nagar, |
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Date of Birth/Age : |
02.01.1958 |
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Date of Appointment : |
15.10.2007 |
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Date of Ceasing : |
24.12.2010 |
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DIN No.: |
00021378 |
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Name : |
Mr. Raj Kumar Garg |
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Designation : |
Director |
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Address : |
139, Ward No.19, Nagar Palika, Barnala – 148 105, |
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Date of Birth/Age : |
15.07.1950 |
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Date of Appointment : |
15.07.2008 |
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Date of Ceasing : |
07.08.2010 |
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DIN No.: |
02213120 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2010
|
Names of Shareholders |
|
No. of Shares |
|
Vijay Gupta and Sons HUF |
|
20000 |
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Ved Parkash Gupta and Sons HUF |
|
20000 |
|
Sukhdarshan Singh |
|
9000 |
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Vijay Kumar Gupta |
|
286000 |
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Ved prakash Gupta |
|
430000 |
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Vijay Gupta and Sons (HUF) |
|
40000 |
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Ved Prakash Gupta and Sons (HUF) |
|
40000 |
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Total |
|
845000 |
As on 30.09.2010
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Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is
engaged in the business of Manufacturing Zinc Sulphate fertilizer grade. |
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PRODUCTION STATUS (AS ON 31.03.2010)
(All Quantity figures are rounded of to
Metric Ton)
|
Particulars |
Unit |
Licensed
Capacity/ Installed Capacity* |
Actual
Production |
|
Zinc Sulphate 21 % |
|
4800 |
4237.440 |
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Zinc Sulphate 33% |
|
1500 |
1272.792 |
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Zinc Ingots |
|
1500 |
865.093 |
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Manganese Sulphate |
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N.A. |
91.680 |
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GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
v
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India v
Axis Bank, Sangrur |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Vibhor Garg and Company Chartered Accountants |
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Address : |
H.No.1/2, |
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Income-tax
PAN of auditor or auditor's firm : |
AAQPG6622A |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
845000 |
Equity Shares |
Rs.10/- each |
Rs.8.450
millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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|
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1] Share Capital |
8.450 |
7.960 |
5.960 |
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2] Share Application Money |
3.030 |
0.000 |
0.000 |
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3] Share Premium |
13.750 |
11.790 |
8.790 |
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4] Reserves & Surplus |
2.457 |
1.000 |
0.000 |
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5] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
27.687 |
20.750 |
14.750 |
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LOAN FUNDS |
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|
1] Secured Loans |
34.734 |
2.115 |
31.451 |
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2] Unsecured Loans |
25.753 |
13.581 |
28.326 |
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TOTAL BORROWING |
60.487 |
15.696 |
59.777 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
88.174 |
36.446 |
74.527 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
8.567 |
9.275 |
6.921 |
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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 |
79.607
|
29.805 |
40.122 |
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Sundry Debtors |
10.001
|
3.463 |
15.498 |
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Cash & Bank Balances |
0.451
|
1.689 |
5.474 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
23.550
|
14.422 |
35.965 |
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Total
Current Assets |
113.609
|
49.379 |
97.059 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
7.383
|
3.372 |
6.605 |
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Other Current Liabilities |
25.274
|
17.902 |
22.237 |
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Provisions |
1.495
|
1.133 |
0.859 |
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Total
Current Liabilities |
34.152
|
22.407 |
29.701 |
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Net Current Assets |
79.457
|
26.972 |
67.358 |
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MISCELLANEOUS EXPENSES |
0.150 |
0.199 |
0.248 |
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TOTAL |
88.174 |
36.446 |
74.527 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Gross Sales / Other Receipts |
NA |
143.062 |
0.000 |
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Other Income |
NA |
0.501 |
0.000 |
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TOTAL |
NA |
143.563 |
0.000 |
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NET PROFIT |
NA |
1.975 |
0.000 |
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IMPORTS |
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Raw Materials |
63.564 |
167.435 |
0.000 |
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TOTAL IMPORTS |
63.564 |
167.435 |
0.000 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.42
|
1.84 |
6.07 |
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Current Ratio (Current Asset/Current Liability) |
|
3.33
|
2.20 |
3.27 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
Corporate
identity number of the company |
U24120PB2007PTC031419 |
|
Name of the
company |
GUPTA AGRI CARE PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
B-13-14, Industrial Focal Point, Sangrur – 148 001, E-Mail: cavibhorgarg@gmail.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
CIN No.: L65920MH1994PLC080618 HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai – 400 013, Maharashtra, India E-Mail: RBBform8@hdfcbank.com |
|
Nature of
description of the instrument creating or modifying the charge |
Letter of
Hypothecation. |
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Date of
instrument Creating the charge |
17.12.2010 |
|
Amount secured by
the charge |
Rs.60.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest at the
rate as may be communicated by the Bank from time to time. Terms of
Repayment: On Demand. Margin: Company shall at all
times during the continuance of this security maintain the said debts of a
sufficient amount to provide the margin of security as may from time to time
advised by the Bank. Extent and
Operation of the charge: Hypothecation by
way of First Charge on Company's Stocks and Book Debts, etc., to secure as a
continuing security for the repayment of Rs.60.000 millions, together with
interest, costs, charges, expenses and other moneys due and payable by the
Company to the Bank. |
|
Short particulars
of the property charged |
Stock in Trade,
consisting of raw materials, goods in process of manufacturing finished
goods, and other merchandise whatsoever being movable properties, now stored
at All the debts,
that is, all the book debts, outstandings, monies receivables, claims, bills, invoice documents, contracts,
guarantees |
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.45.90 |
|
|
1 |
Rs.74.31 |
|
Euro |
1 |
Rs.65.41 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
29 |
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.