|
Report Date : |
10.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
AROMA AGROTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shop No.145, First Floor, New Grain Market, Gharaunda, Karnal –
132114, Haryana |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
30.09.2009 |
|
|
|
|
Com. Reg. No.: |
05-039552 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01100HR2009PTC039552 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKA06185E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICA2887L |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Rice, Basmati Rice. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (13) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of Aroma Agrotech, a partnership concern
started in the year 2004. It is a company having moderate track records. The management
of the company has not filed its financials with the government departments
after the year 2010. Mr. Ravi Thakkar, export Manager has confirmed that the
company has started its commercial activities from the year 2010. Business is active. Payments terms are not known. Initially, the company can be considered for business dealings on a
safe and secured trade terms and conditions. Profit and Loss Account of the 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 – September 30, 2011
|
Country Name |
Previous Rating (30.09.2011) |
Current Rating (31.12.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY (General Details)
|
Name : |
Mr. Ravi Thakkar |
|
Designation : |
Export Manager |
|
Contact No.: |
91-9996496300 |
|
Date : |
03.07.2012 |
LOCATIONS
|
Registered Office : |
Shop No.145, First Floor, New Grain Market, Gharaunda, Karnal – 132
114, |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9813080451 (Mr. Anil Garg) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate Office/ Factory : |
103, Milestone, V. Garhimultan, |
|
Tel. No.: |
91-1748-252339/ 252139 |
|
Fax No.: |
91-1748-253639 |
|
Area : |
522720 sq ft |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Anil Kumar Garg |
|
Designation : |
Director |
|
Address : |
D.D. 464, Ward No.4,, Aggarwal Colony, Gharaunda, Karnal – 132 114, |
|
Date of Birth/Age : |
07.05.1967 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
02485221 |
|
|
|
|
Name : |
Mr. Parveen Garg |
|
Designation : |
Director |
|
Address : |
D.D. 464, Ward No.4,, Aggarwal Colony, Gharaunda, Karnal – 132 114, |
|
Date of Birth/Age : |
02.12.1977 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
02485232 |
|
|
|
|
Name : |
Mr. Sushil Kumar Garg |
|
Designation : |
Director |
|
Address : |
D.D. 464, Ward No.4,, Aggarwal Colony, Gharaunda, Karnal – 132 114, |
|
Date of Birth/Age : |
17.03.1969 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
02485241 |
|
|
|
|
Name : |
Mrs. Darshna Devi |
|
Designation : |
Director |
|
Address : |
D.D. 464, Ward No.4,, Aggarwal Colony, Gharaunda, Karnal – 132 114, |
|
Date of Birth/Age : |
02.01.1936 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
02485260 |
|
|
|
|
Name : |
Mr. Vinod Kumar Garg |
|
Designation : |
Director |
|
Address : |
D.D. 464, Ward No.4,, Aggarwal Colony, Gharaunda, Karnal – 132 114, |
|
Date of Birth/Age : |
02.01.1974 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
02486553 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Anil Kumar Garg |
|
2000 |
|
Mr. Sushil Kumar Garg |
|
2000 |
|
Mr. Vinod Kumar Garg |
|
2000 |
|
Mr. Parveen Garg |
|
2000 |
|
Mrs. Darshna Devi |
|
2000 |
|
Total |
|
10000 |
AS ON 28.02.2011
|
Names of Allottees |
|
No. of Shares |
|
Evergreen Realcon Private Limited, |
|
8000 |
|
Krac Securities Private Limited, |
|
6800 |
|
Mayfair Infosolution Private Limited, |
|
6000 |
|
Madhuban Constructions Private Limited, |
|
4000 |
|
Jigyasa Infrastructure Private Limited, |
|
8000 |
|
Core Capital Services Limited, |
|
7200 |
|
Leo Sales Company Private Limited, |
|
6000 |
|
New Age Infrabuilders Private Limited, |
|
8000 |
|
Safari Tradex Private Limited, |
|
6000 |
|
Akshay Softech Private Limited, |
|
8000 |
|
SRK Pumps and Motors Private Limited, |
|
6000 |
|
Lavena Sales Company Private Limited, |
|
6000 |
|
Total |
|
80000 |
AS ON 31.03.2011
|
Names of Allottees |
|
No. of Shares |
|
Crew Infrastructure Private Limited, |
|
10000 |
|
Apri Beverages and Foods Private Limited, |
|
20000 |
|
First Hi-Fin Limited, |
|
14000 |
|
AHY Food Products Limited |
|
10000 |
|
Supremo Marketing Private Limited, |
|
6000 |
|
Total |
|
60000 |
AS ON 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Rice, Basmati Rice. |
|
|
|
|
Exports : |
|
|
Products : |
Rice Basmati Rice |
|
Countries : |
v
v
v
Gulf Countries |
|
|
|
|
Imports : |
|
|
Products : |
Machinery |
|
Countries : |
US |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
|
|
|
|
No. of Employees : |
150 (Approximately) |
|
|
|
|
Bankers : |
Canara Bank, Main Branch, |
|
|
|
|
Facilities : |
All facilities – Rs. 500.000 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deepak Thapar and Company Chartered Accountants |
|
Address : |
132-L |
|
Tel. No.: |
91-1748-2205263 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAMPT3140J |
CAPITAL STRUCTURE
After 30.09.2010
Authorised Capital : Rs. 20.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 12.300
Millions
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.100 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.062 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.062 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.001 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.001 |
|
|
Net Current Assets |
|
|
0.061 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.039 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.100 |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2010 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
62.00 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
Yes |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
Yes |
|
8. No. of Employees |
Yes |
|
9. Name of person contacted |
Yes |
|
10. Designation of contact person |
Yes |
|
11. Turnover of firm for last three years |
No |
|
12. Profitability for last three years |
No |
|
13. Reasons for variation <> 20% |
-- |
|
14. Estimation for coming financial year |
No |
|
15. Capital in the business |
Yes |
|
16. Details of sister concerns |
No |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
Yes |
|
20. Export / Import details |
Yes |
|
21. Market information |
-- |
|
22. Litigations that the firm / promoter involved |
-- |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
Yes |
|
25. Conduct of the banking account |
-- |
|
26. Buyer visit details |
-- |
|
27. Financials, if provided |
Yes |
|
28. Incorporation details, if applicable |
Yes |
|
29. Last accounts filed at ROC |
No |
|
30. Major Shareholders, if available |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number of the company |
U01100HR2009PTC039552 |
|
Name of the
company |
AROMA AGROTECH
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Shop No. 145, First Floor, New Grain Market, Gharaunda, Karnal –
132114, |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10256874 |
|
Type of charge |
Immovable
Property Book Debts Movable Property Others
(Hypothecation of Stocks and Book Debts) |
|
Particular of
charge holder |
Canara Bank, Main
Branch, Email ID: chd1399@canbank.co.in
|
|
Nature of description
of the instrument creating or modifying the charge |
Supplemental
Common Hypothecation Agreement and Letter Evidencing Deposit of Title Deeds |
|
Date of
instrument Creating the charge |
28.12.2011 |
|
Amount secured by
the charge |
Rs. 460.000 Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Base rate i. E.
10.75% +3.75%=14.50% p. A. For cash credit limit and packing credit
limit/FDB/FBE 11.25% p.a. With monthly rests or at such other rates as may be
specified by the RBI from time to time Terms of Repayment Repayment on
demand. Margin 25% on stocks 40% on book debts 10% on PC Extent and Operation of the charge 100% Others Penal Interest
@2%Per Annum |
|
Short particulars
of the property charged |
Hypothecation of
stocks and book debts as per the stock and book debts statements submitted
from time to time. Equitable
mortgage of fresh collateral security of vacant land measuring 46k-2m,
comprised in Khewat No.54 Khatoni No.92 Rect No.40, Killa No. 6(5-4),15(8-0),
Rect No.39, Killa No.10(8-18), 11(8-0), 20(8-0), Rect No.44 Killa No.4 (6-19), 5/1(1-1) out of (1-2) total killas situated at Gari Multan
Tehsil Gharaunda , District Karnal in the name of company M/S. Aroma Agro
Tech Private Limited. |
|
Date of latest
modification prior to the present modification |
17.02.2011 |
|
Particulars of
the present modification |
The schedule of
credit facilities has been changed cash credit limit enhanced from Rs. 30.000
Millions to Rs. 40.000 Millions and PC/FDB/FBE limit enhanced from Rs.
280.000 Millions to Rs. 420.000 Millions. However overall the credit
facilities of the company has been enhanced from Rs. 310.000 Millions to Rs.
460.000 Millions . Other terms and conditions remain same |
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] 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. 56.02 |
|
|
1 |
Rs. 86.78 |
|
Euro |
1 |
Rs. 68.83 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
13 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.