MIRA
INFORM REPORT
|
Report Date : |
28.06.2012 |
IDENTIFICATION DETAILS
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Name : |
GREENVALLEY MARKETING PRIVATE LIMITED |
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Registered
Office : |
213, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
13.06.2005 |
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Com. Reg. No.: |
11-153928 |
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Capital
Investment / Paid-up Capital : |
Rs.1.109 Millions |
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CIN No.: [Company Identification
No.] |
U51909MH2005PTC153928 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG11591G |
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PAN No.: [Permanent Account No.] |
AACCG3809L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of all Types of Plywoods. |
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No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
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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 33000 |
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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. Profitability
of the company appears to be low. Trade relations are reported as fair.
Business is active. Payments are reported to be slow but correct. The company can be considered for business dealing with some caution. |
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 (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
INFORMATION PARTED BY
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Name : |
Ms. Vaishali |
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Designation : |
Sales Co-ordinator |
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Contact No.: |
91-22-40133222 |
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Date : |
06.06.2012 |
LOCATIONS
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Registered Office : |
213, Grohitam Building, 2nd Floor, Plot No. 14 B, Sector
19, Vashi, Navi Mumbai – 400705, Maharashtra, India |
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Tel. No.: |
91-22-40133222 |
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Mobile No.: |
91-9004399072 |
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Fax No.: |
91-22-40133223 |
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E-Mail : |
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Website : |
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Area : |
200 Sq. ft |
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Location : |
Owned |
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Warehouse : |
Gala No. 5 to 8, Survey No. 29, Hissa No.2, Prerna Complex, Village Val, Bhiwandi, Thane – 421302, Maharashtra, India |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Lalit P. Agarwal |
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Designation : |
Director |
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Address : |
Flat No. – 101, Snen Rege Ncy, Plot No. 79, Sector 19, Vashi, Navi Mumbai
– 400705, Maharashtra, India |
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Date of Birth/Age : |
19.08.1967 |
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Date of Appointment : |
13.06.2005 |
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DIN No.: |
00587815 |
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Name : |
Mrs. Suman Lalit Agarwal |
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Designation : |
Director |
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Address : |
Flat No. – 101, Snen Rege Ncy, Plot No. 79, Sector 19, Vashi, Navi
Mumbai – 400705, Maharashtra, India |
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Date of Birth/Age : |
31.12.1968 |
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Date of Appointment : |
13.06.2005 |
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DIN No.: |
00587822 |
KEY EXECUTIVES
|
Name : |
Ms. Vaishali |
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Designation : |
Sales Co-ordinator |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
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Names of Shareholders |
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No. of Shares |
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Lalit Pyarelal Agarwal |
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25000 |
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Suman Lalit Agarwal |
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24900 |
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P.L. Agarwal and Sons |
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61000 |
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Total |
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110900 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader and Importer of all Types of Plywoods. |
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Products : |
· Marine Plywood · Flexible Plywood · Commercial Plywood · Densified Chequered Plywood · Densified Truck Flooring Board · Laminated Veneer Lumber (LVL) · Moulded Door · Flush Door · Blockboard · Paper Laminate Door · Film Face Shuttering Plywood · Aluminum Cladded Plywood · Fire Retardant Plywood and Door · Film Face Densified Shuttering Plywood (FFDSP) o Low Density Shuttering Plywood Film Face o Medium Density Shuttering Plywood Film Face o High Density Shuttering Plywood Film Face |
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Imports : |
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Products : |
Finished Goods |
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Countries : |
China |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL INFORMATION
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Suppliers : |
Shree Ram Wood Industries |
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Customers : |
End Users and Dealers ·
Pratibha Industries Limited |
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No. of Employees : |
40 (Approximately) |
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Bankers : |
The Karur Vysya Bank Limited, Vashi Branch,E-40,A.P.M.C. Market-I,
Phase-II, Vashi,Navi Mumbai, Navi Mumbai - 400705, Maharashtra, India |
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Facilities : |
CC / LC Rs.10.000 Millions form The Karur Vysya Bank Limited (Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
N.K. Sureka and Company Chartered Accountants |
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Address : |
706, J.K. Chamber, Sector – 17, Vashi, Navi Mumbai – 400705,
Maharashtra, India |
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Tel. No.: |
91-22-27893529 / 27892547 |
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PAN.: |
AARPS9211Q |
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Sister Concern : |
Shubham and Company Address : 213, Grohitam Building,
2nd Floor, Plot No. 14 B, Sector 19, Vashi Navi Mumbai – 400705,
Maharashtra Line of
Business: Trade and Importer of all Types of Plywoods. |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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110900 |
Equity Shares |
Rs.10/- each |
Rs.1.109
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.209 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
1.109 |
1.109 |
0.880 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
7.342 |
6.628 |
3.995 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
8.451 |
7.737 |
4.875 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.827 |
1.175 |
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2] Unsecured Loans |
1.929 |
2.570 |
3.206 |
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TOTAL BORROWING |
1.929 |
3.397 |
4.381 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
10.380 |
11.134 |
9.256 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.479 |
1.660 |
1.924 |
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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 |
19.453
|
19.835 |
14.456 |
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Sundry Debtors |
62.671
|
29.879 |
28.266 |
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Cash & Bank Balances |
1.676
|
2.358 |
1.921 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
0.582
|
0.126 |
0.149 |
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Total
Current Assets |
84.382
|
52.198 |
44.792 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
71.771
|
40.934 |
36.688 |
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Other Current Liabilities |
3.391
|
1.652 |
0.639 |
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Provisions |
0.359
|
0.198 |
0.217 |
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Total
Current Liabilities |
75.521
|
42.784 |
37.544 |
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Net Current Assets |
8.861
|
9.414 |
7.248 |
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MISCELLANEOUS EXPENSES |
0.040 |
0.060 |
0.084 |
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TOTAL |
10.380 |
11.134 |
9.256 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
202.417 |
|
74.333 |
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Other Income |
0.000 |
0.034 |
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TOTAL |
202.417 |
99.517 |
74.333 |
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Less |
EXPENSES |
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Variation in stock |
0.382 |
(5.379) |
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Purchases |
173.946 |
86.776 |
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Direct Expenses |
11.628 |
8.010 |
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Employment Expenses |
6.227 |
3.943 |
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Other Expenses |
8.854 |
5.269 |
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TOTAL |
201.037 |
98.619 |
74.057 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.380 |
0.898 |
Including
Depreciation Expenses |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.305 |
0.356 |
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PROFIT BEFORE
TAX |
1.075 |
0.542 |
0.276 |
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Less |
TAX |
0.359 |
0.198 |
0.189 |
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PROFIT AFTER TAX
|
0.716 |
0.344 |
0.087 |
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PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.538 |
0.195 |
0.060 |
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APPROPRIATIONS |
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Provision for Income Tax |
0.359 |
0.198 |
0.092 |
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Prior Period Adjustment |
0.002 |
0.001 |
0.004 |
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Provision for FBT |
0.000 |
0.000 |
0.044 |
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BALANCE CARRIED
TO THE B/S |
1.252 |
0.538 |
0.195 |
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Earnings Per
Share (Rs.) |
6.46 |
3.10 |
3.13 |
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Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
290.000 |
Expected Sales ( 2012-13) : Rs.400.000 Millions
The above information has been parted by Ms. Vaishali
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.35
|
0.35 |
0.12 |
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Net Profit Margin (PBT/Sales) |
(%) |
0.53
|
0.54 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.25
|
1.01 |
0.59 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.07 |
0.06 |
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Debt Equity Ratio (Total Liability/Networth) |
|
9.16
|
5.97 |
8.60 |
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Current Ratio (Current Asset/Current Liability) |
|
1.12
|
1.22 |
1.19 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter’s background |
Yes |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last three years |
Yes |
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12) Profitability for last three years |
Yes |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
Yes |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
Yes |
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17) Major suppliers |
Yes |
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18) Major customers |
Yes |
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19) Payments terms |
Yes |
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20) Export / Import details (if applicable) |
Yes |
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21) Market information |
-- |
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22) Litigations that the firm / promoter |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
Yes |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
Yes |
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28) Incorporation details, if applicable |
Yes |
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29) Last accounts filed at ROC |
Yes |
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30) Major Shareholders, if available |
Yes |
Trade References
· Shree Ram Wood Industries
· Pratibha Industries Limited
Bankers Charges Report as per Registry
|
Corporate
identity number of the company |
U51909MH2005PTC153928 |
|
Name of the
company |
GREENVALLEY
MARKETING PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
213, Grohitam
Building, 2nd Floor, Plot No. 14 B, Sector 19, Vashi, Navi Mumbai
– 400705, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10287271 |
|
Type of charge |
· Book debts · Others (Current Assets) |
|
Particular of
charge holder |
The Karur Vysya Bank Limited, Vashi Branch, E-40, A.P.M.C. Market-I, Phase-II, Vashi, Navi Mumbai, Navi Mumbai - 400705, Maharashtra, India |
|
Nature of
instrument creating charge |
1. Agreement for
Hypothecation of Goods Received Under Letter of Credit |
|
Date of
instrument Creating the charge |
10.08.2011 |
|
Amount secured by
the charge |
Rs.10.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As Stipulated By
Bank From Time To Time Terms of Repayment As Stipulated By
Bank From Time To Time Margin For L.C. Limit=15
% Cash Margin and / or as Stipulated By Bank From Time To Time Extent and Operation of the Charge First Charge
(Present and Future) Total Limit Rs.10.000 Millions ( CCBD=Rs.6.000 Millions
and FLC Rs.4.000 Millions) and / or as
Stipulated By Bank From Time To Time Others As Stipulated By
Bank From Time To Time and as per Agreement Attached and as Per Sanction Letter
of The Bank |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First
charge(present and future) on following assets:- 1) Hypothecation of
all stock / goods / inventories / products including brought under l.c. Kept
at borrower place / premises / factories / godown. And / or whereeverelse and
/ or in transit 2) Hypothecation
of all stocks received under the flc 3) Hypothecation
of all current assets of the company |
|
Particulars of
the present modification |
By this modification limit enhanced Rs.6.000 Millions to Rs.10.000 Millions (CCBD=Rs.6.000 Millions and FLC=Rs.4.000 Millions), securities are continued as given by original charge as well as by modifications, terms and conditions as per agreement attached and as per sanction letter of the bank |
Fixed Assets
·
Furniture and Fixtures
·
Air condition
·
Computer and Accessories
·
Innova Car
·
Mobile and Telephone
·
Office Equipments
·
Printer
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.57.22 |
|
|
1 |
Rs.89.42 |
|
Euro |
1 |
Rs.71.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--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.