MIRA
INFORM REPORT
|
Report Date : |
16.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
R PIYARELALL IMPORT AND EXPORT LIMITED |
|
|
|
|
Registered
Office : |
12 Government Place East, Kolkata 700069, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
28.10.1981 |
|
|
|
|
Com. Reg. No.: |
034241 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.103.942 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109WB1981PLC034241 |
|
|
|
|
Legal Form : |
Public Limited Liability Company, Company's Shares are Listed on Stock
Exchange |
|
|
|
|
Line of Business
: |
Importing and Trading of Agri Produce Particularly Wheat, Sugar,
Pulses, R B D, Palm Oil, etc. |
|
|
|
|
No. of Employees
: |
25 Approximately |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1610996 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
12 Government Place East, Kolkata 700069, West Bengal, India |
|
Tel. No.: |
91-33-22305907 |
|
Fax No.: |
91-33-22309939 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Mumbai Office : |
1102, Embassy Centre, 11th Floor, Nariman Point, Mumbai |
|
Tel. No.: |
91-22-5630 8597/ 98/ 99 / 2284 |
|
Fax No.: |
91-22-2282 2275 |
|
E-Mail : |
|
|
|
|
|
|
12, |
|
Tel. No.: |
91-11-2336 4195 |
|
Fax No.: |
91-11-2374 6455 |
|
E-Mail : |
|
|
|
|
|
Tuticorin
Office: |
5, |
|
Tel. No.: |
9843232185 |
|
|
|
|
Export House : |
3B and C, Everest House, 46-C, Jawaharlal Nehru Road, Kolkata –
700071, West Bengal, India |
|
Tel. No.: |
91-33 2288 6140/7597/7014/8886 |
|
Fax No.: |
91-33 2288 8215 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Ramesh Kumar Agarwal |
|
Designation : |
Director |
|
Date of Birth/Age : |
14.04.1955 |
|
Date of Appointment : |
01.09.2009 |
|
DIN No.: |
00120912 |
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company Status |
Defaulting
status |
|
1 |
U27209WB1976PTC030802
|
Ramesh Kumar and
Company Private Limited |
Managing director |
08/12/1976 |
08/12/1976 |
- |
Active |
NO |
|
2 |
U51109WB1981PLC034241
|
R Piyarelall Import
and Export Limited |
Director |
28/10/1981 |
28/10/1981 |
- |
Active |
NO |
|
3 |
U01409WB1988PTC045536
|
R Piyarelall
International (P) Limited |
Whole-time director
|
01/10/2010 |
10/11/1988 |
- |
Active |
NO |
|
4 |
U65990MH1994PLC081134
|
R. Piyarelall Finance
and Investment Limited |
Director |
22/09/1994 |
22/09/1994 |
29/02/2008 |
Active |
NO |
|
5 |
U74120MH1977PTC019469
|
Chemicon
Engineering Consultants Private Limited |
Director |
03/11/1995 |
03/11/1995 |
29/02/2008 |
Active |
NO |
|
6 |
U65900WB1996PLC131118
|
Rsn Financial
Services Limited |
Director |
06/05/1996 |
06/05/1996 |
- |
Active |
NO |
|
7 |
U51900WB1995PTC131121
|
Suhag Overseas
Trading Private Limited |
Director |
15/06/1998 |
15/06/1998 |
- |
Active |
NO |
|
8 |
U70101WB2002PTC095479
|
Glacier Properties
Private Limited |
Director |
12/05/2003 |
12/05/2003 |
- |
Active |
NO |
|
9 |
U51109WB2007PTC115577
|
Harmony Vayapaar
Private Limited |
Additional director
|
01/09/2007 |
01/09/2007 |
- |
Amalgamated |
NO |
|
10 |
U45400WB2007PTC115559
|
Pnr Nirman Private
Limited |
Additional director
|
01/09/2007 |
01/09/2007 |
11/10/2007 |
Amalgamated |
NO |
|
11 |
U45400WB2007PTC115775
|
Ever Youth High
Rise Private Limited |
Director |
02/11/2007 |
02/11/2007 |
- |
Amalgamated |
NO |
|
12 |
U70101WB2006PTC110161
|
Broadway Projects
Private Limited |
Director |
22/02/2008 |
22/02/2008 |
- |
Active |
NO |
|
13 |
U65990WB2009PLC139632
|
Vsr Finvest Limited
|
Director |
20/11/2009 |
20/11/2009 |
- |
Active |
NO |
|
14 |
U63090WB2003PTC096942
|
Blink Logistics
Private Limited |
Additional director
|
11/01/2010 |
11/01/2010 |
29/09/2010 |
Active |
NO |
|
15 |
U70101WB2007PTC120282
|
Xtra Property Management
Private Limited |
Additional director
|
15/01/2010 |
15/01/2010 |
- |
Active |
NO |
|
16 |
U70101WB2007PTC120284
|
Xtra Developers
Private Limited |
Additional director
|
15/01/2010 |
15/01/2010 |
- |
Active |
NO |
|
17 |
U70101WB2007PTC120259
|
Xtra Builders
Private Limited |
Additional director
|
15/01/2010 |
15/01/2010 |
- |
Active |
NO |
|
18 |
U70101WB2007PTC120279
|
Xtra Real Estate
Private Limited |
Additional director
|
15/01/2010 |
15/01/2010 |
- |
Active |
NO |
|
19 |
U52100WB2010PTC141758
|
Jiwan Jyoti
Commercial Private Limited |
Director |
10/03/2011 |
10/03/2011 |
- |
Active |
NO |
|
20 |
U63090WB2011PTC164355
|
Greenvalley
Logistics Private Limited |
Director |
29/06/2011 |
29/06/2011 |
- |
Active |
NO |
|
Name : |
Mr. Siddartha Agarwal |
|
Designation : |
Director |
|
Date of Birth/Age : |
01.11.1977 |
|
Date of Appointment : |
01.09.2009 |
|
DIN No.: |
00121045 |
|
S.No. |
CIN |
Name of the
Company |
Current designation
of the director |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company Status |
Defaulting
status |
|
1 |
U74120MH1977PTC019469
|
Chemicon
Engineering Consultants Private Limited |
Director |
03/11/1995 |
03/11/1995 |
29/02/2008 |
Active |
NO |
|
2 |
U27209WB1976PTC030802
|
Ramesh Kumar and
Co.Private Limited |
Director |
17/05/2002 |
17/05/2002 |
- |
Active |
NO |
|
3 |
U51109WB1981PLC034241
|
R Piyarelall Import
and Export Limited |
Managing director |
01/10/2010 |
28/09/2002 |
- |
Active |
NO |
|
4 |
U63090WB2003PTC096942
|
Blink Logistics
Private Limited |
Director |
09/09/2003 |
09/09/2003 |
30/03/2010 |
Active |
NO |
|
5 |
U70101WB2004PTC100192
|
White Swan Land and
Infrastructure Private Limited |
Director |
25/04/2005 |
25/04/2005 |
- |
Active |
NO |
|
6 |
U70101WB2004PTC100193
|
Drishti Land and
Infrastructure Private Limited |
Director |
25/04/2005 |
25/04/2005 |
29/02/2008 |
Active |
NO |
|
7 |
U51100WB1992PTC131120
|
Dinodiya Overseas
Private Limited |
Director |
19/06/2006 |
19/06/2006 |
- |
Amalgamated |
NO |
|
8 |
U65900WB1996PLC131118
|
Rsn Financial
Services Limited |
Director |
24/07/2006 |
24/07/2006 |
- |
Active |
NO |
|
9 |
U65990MH1994PLC081134
|
R. Piyarelall
Finance and Investment Limited |
Director |
24/07/2006 |
24/07/2006 |
29/02/2008 |
Active |
NO |
|
10 |
U27109WB2005PTC102921
|
R. Piyarelall Iron
and Steel Private Limited |
Director |
21/04/2007 |
21/04/2007 |
- |
Active |
NO |
|
11 |
U15144WB2007PTC115783
|
R. Piyarelall Foods
Private Limited |
Director |
15/05/2007 |
15/05/2007 |
- |
Amalgamated |
NO |
|
12 |
U61100WB2007PTC115765
|
R.Piyarelall Shipping
Private Limited |
Director |
15/05/2007 |
15/05/2007 |
- |
Amalgamated |
NO |
|
13 |
U61100WB2007PTC115778
|
Azzura Marine
Liners Private Limited |
Director |
15/05/2007 |
15/05/2007 |
23/07/2011 |
Active |
NO |
|
14 |
U63032WB2007PTC116409
|
Aqua Transliners
Private Limited |
Director |
11/06/2007 |
11/06/2007 |
23/07/2011 |
Active |
NO |
|
15 |
U51109WB2007PTC115577
|
Harmony Vayapaar
Private Limited |
Additional director
|
01/09/2007 |
01/09/2007 |
- |
Amalgamated |
NO |
|
16 |
U51109WB2007PTC115953
|
Beautiful Dealcom
Private Limited |
Additional director
|
01/09/2007 |
01/09/2007 |
- |
Amalgamated |
NO |
|
17 |
U51109WB2007PTC115558
|
Nkp Commercial
Private Limited |
Additional director
|
01/09/2007 |
01/09/2007 |
- |
Amalgamated |
NO |
|
18 |
U45400WB2007PTC115775
|
Ever Youth High
Rise Private Limited |
Additional director
|
01/09/2007 |
01/09/2007 |
- |
Amalgamated |
NO |
|
19 |
U67120WB1994PTC064436
|
Siddhartha Finovest
Private Limited |
Director |
30/09/2008 |
01/09/2007 |
- |
Active |
NO |
|
20 |
U70101WB2005PTC102392
|
Sanayana Properties
Private Limited |
Director |
30/09/2008 |
01/09/2007 |
- |
Amalgamated |
NO |
|
21 |
U45400WB2007PTC115559
|
Pnr Nirman Private
Limited |
Director |
30/09/2008 |
01/09/2007 |
- |
Amalgamated |
NO |
|
22 |
U51109WB2007PTC115583
|
Pnr Vinimay Private
Limited |
Director |
30/09/2008 |
01/09/2007 |
- |
Amalgamated |
NO |
|
23 |
U51109WB2007PTC116030
|
Allied Vincom
Private Limited |
Director |
31/10/2008 |
03/09/2007 |
23/07/2011 |
Active |
NO |
|
24 |
U51109WB2007PTC116165
|
Kay Pee Vincom
Private Limited |
Director |
31/10/2008 |
03/09/2007 |
23/07/2011 |
Active |
NO |
|
25 |
U70101WB2007PTC120202
|
Ridhi Builders
Private Limited |
Director |
05/11/2007 |
05/11/2007 |
- |
Active |
NO |
|
26 |
U70101WB2007PTC120259
|
Xtra Builders
Private Limited |
Director |
06/11/2007 |
06/11/2007 |
- |
Active |
NO |
|
27 |
U70101WB2007PTC120260
|
Hooghly Real Estate
Private Limited |
Director |
06/11/2007 |
06/11/2007 |
- |
Active |
NO |
|
28 |
U70101WB2007PTC120278
|
Lakshya Real Estate
Private Limited |
Director |
06/11/2007 |
06/11/2007 |
- |
Amalgamated |
NO |
|
29 |
U70101WB2007PTC120279
|
Xtra Real Estate
Private Limited |
Director |
06/11/2007 |
06/11/2007 |
- |
Active |
NO |
|
30 |
U70101WB2007PTC120281
|
Ridhi Properties
Private Limited |
Director |
06/11/2007 |
06/11/2007 |
- |
Amalgamated |
NO |
|
31 |
U70101WB2007PTC120282
|
Xtra Property
Management Private Limited |
Director |
06/11/2007 |
06/11/2007 |
- |
Active |
NO |
|
32 |
U70101WB2007PTC120283
|
Subh Labh Real
Estate Private Limited |
Director |
06/11/2007 |
06/11/2007 |
- |
Amalgamated |
NO |
|
33 |
U70101WB2007PTC120284
|
Xtra Developers
Private Limited |
Director |
06/11/2007 |
06/11/2007 |
- |
Active |
NO |
|
34 |
U51900WB1995PTC131121
|
Suhag Overseas
Trading Private Limited |
Additional director
|
16/02/2008 |
16/02/2008 |
- |
Active |
NO |
|
35 |
U45200WB1995PTC131119
|
Agrasen Builders
Private Limited |
Additional director
|
16/02/2008 |
16/02/2008 |
- |
Amalgamated |
NO |
|
36 |
U65990WB2009PLC139632
|
Vsr Finvest Limited
|
Director |
20/11/2009 |
20/11/2009 |
- |
Active |
NO |
|
37 |
U52100WB2010PTC141758
|
Jiwan Jyoti
Commercial Private Limited |
Director |
10/03/2011 |
10/03/2011 |
- |
Active |
NO |
|
38 |
U63090WB2011PTC164355
|
Greenvalley
Logistics Private Limited |
Director |
29/06/2011 |
29/06/2011 |
- |
Active |
NO |
|
Name : |
Mr. Niharika Dinodiya |
|
Designation : |
Director |
|
Date of Birth/Age : |
10.07.1955 |
|
Date of Appointment : |
08.10.2007 |
|
DIN No.: |
01836016 |
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company Status |
Defaulting
status |
|
1 |
U01409WB1988PTC045536
|
R Piyarelall
International (P) Limited |
Director |
30/12/2008 |
08/10/2007 |
- |
Active |
NO |
|
2 |
U51109WB1981PLC034241
|
R Piyarelall Import
and Export Limited |
Director |
30/12/2008 |
08/10/2007 |
- |
Active |
NO |
|
3 |
U27209WB1976PTC030802
|
Ramesh Kumar and
Company Private Limited |
Director |
15/01/2009 |
15/10/2007 |
- |
Active |
NO |
|
4 |
U70101WB2006PTC110161
|
Broadway Projects
Private Limited |
Additional director
|
11/01/2010 |
11/01/2010 |
- |
Active |
NO |
|
5 |
U67120WB1994PTC064436
|
Siddhartha Finovest
Private Limited |
Additional director
|
15/01/2010 |
15/01/2010 |
- |
Active |
NO |
|
6 |
U65900WB1996PLC131118
|
Rsn Financial
Services Limited |
Director |
05/08/2010 |
15/01/2010 |
- |
Active |
NO |
|
Name : |
Ms. Suchita Dinodiya |
|
Designation : |
Director |
|
Date of Birth/Age : |
04.11.1978 |
|
Date of Appointment : |
08.10.2007 |
|
DIN No.: |
01835991 |
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company Status |
Defaulting
status |
|
1 |
U51109WB1981PLC034241
|
R Piyarelall Import
and Export Limited |
Director |
30/12/2008 |
08/10/2007 |
- |
Active |
NO |
|
2 |
U27209WB1976PTC030802
|
Ramesh Kumar and
Company Private Limited |
Director |
15/01/2009 |
15/10/2007 |
- |
Active |
NO |
|
3 |
U45400WB2007PTC115775
|
Ever Youth High
Rise Private Limited |
Director |
02/11/2007 |
02/11/2007 |
- |
Amalgamated |
NO |
|
4 |
U70101WB2006PTC110161
|
Broadway Projects
Private Limited |
Director |
22/02/2008 |
22/02/2008 |
- |
Active |
NO |
|
5 |
U67120WB1994PTC064436
|
Siddhartha Finovest
Private Limited |
Additional director
|
15/01/2010 |
15/01/2010 |
- |
Active |
NO |
|
6 |
U65900WB1996PLC131118
|
Rsn Financial
Services Limited |
Director |
05/08/2010 |
15/01/2010 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Ramesh Kumar Agarwal |
12055 |
|
Siddartha Agarwal |
7933 |
|
Niharika Dinodiya |
7910 |
|
Varun Agarwal |
17243 |
|
Anshu Agarwal |
7000 |
|
Suchita Dinodiya |
29205 |
|
Ramesh Kumar and Company Private Limited, Kolkata |
146000 |
|
R Piyarelall International (P) Limited, Kolkata |
415000 |
|
Suhag Overseas Trading Private Limited, Kolkata |
12000 |
|
RSN Financial Services Limited, Kolkata |
85000 |
|
Glacier Properties Private Limited, Kolkata |
6000 |
|
Subh Labh Real estate Private Limited, Kolkata |
234080 |
|
Lakshya Real Estate Private Limited, Kolkata |
10000 |
|
Allied Vincom Private Limited, Kolkata
|
26667 |
|
Azzura Marine Liners Private Limited, Kolkata |
23333 |
|
TOTAL |
1039426 |
AS ON 30.09.2010
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
92.17 |
|
Directors or relatives of directors |
|
7.83 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importing and Trading of Agri Produce Particularly Wheat, Sugar,
Pulses, R B D, Palm Oil, etc. |
GENERAL INFORMATION
|
No. of Employees : |
25 Approximately |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
Bank of Baroda, International Business Branch, 4
India Exchange Place, Kolkata 700001, West Bengal, India ·
ICICI Bank Limited ·
HDFC Bank Limited ·
State Bank of India ·
Vijaya Bank |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
Rs. In Millions
|
|||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V Singhi and Associates Chartered Accountant |
|
Address : |
Four Mangoe Lane, Surendra Mohan Ghosh Sarni, Kolkata 700001, West
Bengal, India |
|
|
|
|
Associates/ |
·
Suhag Overseas Trading
Private Limited ·
R. Piyarelall
International Private Limited ·
Ramesh Kumar
and Company Private Limited ·
R. P. Logistics
Private Limited ·
R. Piyarelall
Iron and Steel Private Limited ·
Siddhartha
Finovest Private Limited ·
Aqua
Transliners Private Limited ·
Azzura Marine
Liners Private Limited ·
Glacier
Properties Private Limited · RSN Financial Services Limited |
|
|
|
|
Subsidiaries : |
·
White Swan Land and Infrastructure Limited CIN No.: U70101WB2004PTC100192 |
CAPITAL STRUCTURE
AS ON 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
Rs. 100 each |
Rs.125.000 millions |
|
5000000 |
Equity Shares |
Rs. 10 each |
Rs. 50.000 millions |
|
|
|
|
Rs.175.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1039426 |
Equity Shares (out of the above, 2010 equity shares were allotted in earlier years and
70666 equity shares have been allotted during the year for consideration
other than cash.) |
Rs. 100 each |
Rs.103.942 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
103.942 |
103.942 |
100.000 |
|
|
2] Share Application Money |
0.000 |
10.000 |
10.000 |
|
|
3] Reserves & Surplus |
298.807 |
189.654 |
141.685 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
402.749 |
303.596 |
251.685 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
269.471 |
304.728 |
306.465 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
269.471 |
304.728 |
306.465 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
672.220 |
608.324 |
558.150 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
59.235 |
52.371 |
115.953 |
|
|
Capital work-in-progress |
21.888 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
25.286 |
23.291 |
7.271 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2664.113
|
1866.662 |
1062.533 |
|
|
Sundry Debtors |
206.691
|
118.053 |
169.842 |
|
|
Cash & Bank Balances |
237.406
|
291.308 |
133.545 |
|
|
Other Current Assets |
4.238
|
3.938 |
3.832 |
|
|
Loans & Advances |
398.946
|
619.337 |
163.201 |
|
Total
Current Assets |
3511.394
|
2899.298 |
1532.953 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2340.324
|
2108.469 |
974.159 |
|
|
Other Current Liabilities |
465.406
|
160.898 |
50.728 |
|
|
Provisions |
139.853
|
97.269 |
73.140 |
|
Total
Current Liabilities |
2945.583
|
2366.636 |
1098.027 |
|
|
Net Current Assets |
565.811
|
532.662 |
434.926 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
672.220 |
608.324 |
558.150 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
10011.196 |
6535.587 |
7940.666 |
|
|
|
Other Income |
53.339 |
117.180 |
143.375 |
|
|
|
TOTAL (A) |
10064.535 |
6652.767 |
8084.041 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
9411.245 |
4896.598 |
7659.177 |
|
|
|
Stock acquired pursuant to Scheme of Amalgamation |
0.000 |
1377.478 |
0.000 |
|
|
|
Administrative Expenses |
458.168 |
263.870 |
309.975 |
|
|
|
TOTAL (B) |
9869.413 |
6537.946 |
7969.152 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
195.122 |
114.821 |
114.889 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
36.007 |
51.691 |
31.561 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
159.115 |
63.130 |
83.328 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.460 |
6.457 |
16.405 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
151.655 |
56.673 |
66.923 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
42.502 |
20.503 |
25.703 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
109.153 |
36.170 |
41.220 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
184.558 |
141.685 |
100.132 |
|
|
|
|
|
|
|
|
|
Add |
Profit added pursuant to the scheme of amalgamation |
0.000 |
6.703 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
Adjustment consequent to recomputation of Liability for Gratuity in
accordance with accounting standard 15 (Revised) for Employee Benefits. |
0.000 |
0.000 |
0.333 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
293.711 |
184.558 |
141.685 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Claims Received |
0.000 |
0.000 |
8.691 |
|
|
|
|
|
|
|
|
|
IMPORTS |
831.834 |
327.109 |
631.861 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
110.68 |
37.34 |
41.22 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.08
|
0.54 |
0.50 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.51
|
0.86 |
0.84 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.24
|
1.92 |
4.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37
|
0.18 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.98
|
8.79 |
5.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19
|
1.22 |
1.39 |
LOCAL AGENCY FURTHER INFORMATION
YEAR'S
PERFORMANCE AND FUTURE OUTLOOK :-
The
performance of the Company during the year have improved and turnover has
increased to Rs. 10011.100 millions as compared to the previous year figure of
Rs.6535.600 millions thereby showing an increase of 3475.500 millions in the
turnover. The profit of the Company during the year after taxation has
increased to Rs. 109.200 millions compared to the previous year figure of Rs.
36.200 millions with the proactive approach and the strong business policy of
the Directors of the Company earned good margin and profits in spite of the
global economic down- trend. The Directors hope for the better result in the
year to come.
FIXED ASSETS:
·
Goodwill
·
Leasehold Land with Structures
·
Ownership Premises
·
Air Conditioners
·
Refrigerators
·
Furniture and Fixtures
·
Vehicles
·
Generators
·
Computers
·
Office Equipments
·
Machineries
FORM 8
|
Corporate identity
number of the company |
U51109WB1981PLC034241 |
|
Name of the
company |
R PIYARELALL IMPORT AND EXPORT LIMITED |
|
Address of the
registered office or of the principal place of business in |
12 Government Place East, Kolkata 700069, West Bengal, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Floating charge Others |
|
Particular of
charge holder |
Bank of Baroda, International Business Branch, 4 India Exchange Place,
Kolkata 700001, West Bengal, India Email: intcal@bankofbaroda.com |
|
Nature of
instrument creating charge |
Supplemental
Composite Instrument of Hypothecation of Goods, Book-Debts, Movable Machinery
and Vehicles |
|
Date of
instrument Creating the charge |
11.02.2011 |
|
Amount secured by
the charge |
Rs. 250.000
millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest Interest and
other charges will be paid as per terms and conditions of Sanction Terms,
presently ROI for OD is 5% above BR i.e. 14.50% p.a.w.m.r, however the same
is subject to change from time to time. Terms of repayment The Working
Capital ( Overall limit of Rs. 250.000 millions by way of LC- Import / Inland
-DP/DA up to 180 days / Cash Credit / Specific Inland Bank Guarantee, however
Cash Credit Limit is restricted to Rs. 100.000 millions and Specific Bank
Guarantee is restricted to Rs. 1.600 millions) shall be repayable on demand. Margin The borrower
shall maintain appropriate margin as stipulated in the sanction terms ,
however the same is subject to change from time to time. Presently the
applicable margin is CC- 25% LC - 15% by way
of Cash Margin/FD/SD BG - 25% by way
of Cash Margin/FD/SD Extent and operation of the charge The security
created under said Agreement shall operate as continuing security and shall be
by way of first charge. The charged
assets property be kept at the Company's risk and expense in good condition
and fully insured against loss or damage by fire, lighting or explosion or theft
and also against loss or damage by riot and civil commotion etc. as may be
required by the Bank in the joint names of the Banks and the Company. Other The Company
hereby declares that all the charged property now existing are absolute
property of and at the sole disposal of the Company and free from any prior
charge or encumbrance and undertakes that all future property shall like wise
be the unencumbered and absolute and disposable property of the Company. |
|
Short particulars
of the property charged (Including location of the property) |
The borrower
hypothecates and charges by way of pari passu 1st charge under multiple
banking a) all stocks of Pulses, edible oil, wheat,
mustard seeds, ferrous and non ferrous items,scrap, cotton, timber etc. and all other current assets both present
and future now being and lying in the Borrower's office or any where else b) all the
present and future book-debts , receivables, claim , debts, outstandings etc. |
|
Particulars of
the present modification |
By present
modification the overall limit secured by charge has been enhanced from Rs.
100.000 millions to Rs. 250.000 millions. The revised credit facilities are
as follows- Rs. 250.000
millions by way of LC- Import / Inland -DP/DA up to 180 days / CC / Specific
Inland BG, however CC Limit is restricted to Rs. 100.000 millions and
Specific BG is restricted to Rs. 1.600 millions Other terms and
conditions save as modified above remained unchanged. |
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.47.46 |
|
|
1 |
Rs.74.96 |
|
Euro |
1 |
Rs.65.79 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.