|
Report Date : |
23.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
GOVARDHAN POLYPLAST PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
112, World Trade Centre, Near Udhna Darwaja, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
19.08.1993 |
|
|
|
|
Com. Reg. No.: |
04-020037 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.8.423 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25200GJ1993PTC020037 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Woven Sacks and Poly Proplaine Bags. |
|
|
|
|
No. of Employees
: |
100 (Approximately) (In Office + In Factory) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 75000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However, trade relations are reported to be
fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global financial
crisis - in large part because of strong domestic demand - and growth exceeded
8% year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Manoj Kumar Mahavir Prasad Agarwal |
|
Designation : |
Director |
|
Contact No.: |
91-9825289177 |
|
Date : |
22.10.2012 |
LOCATIONS
|
Registered Office : |
112, World Trade Centre, Near Udhna Darwaja, Ring Road, Surat – 395
002, Gujarat, India |
|
Tel. No.: |
91-261-2367885 /
886-887 |
|
Mobile No.: |
91-9825289177
(Mr. Manoj Kumar Mahavir Prasad Agarwal) |
|
Fax No.: |
91-261-2367888 |
|
E-Mail : |
|
|
Area : |
412 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Block No. 305, Plot No. 2 and 3, Village; Karanj, Tal : Mandvi, |
|
Area : |
8 Acre |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Harishkumar Rameshkumar Agarwal |
|
Designation : |
Director |
|
Address : |
A-502, Nandigrm Apartment, |
|
Date of Birth/Age : |
30.06.1984 |
|
Date of Appointment : |
22.12.2003 |
|
DIN No.: |
00347471 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U17110GJ1993PTC019580 |
ARUNODAY
POLYTEX PVT LTD |
Director |
16/08/2003 |
16/08/2003 |
- |
Active |
NO |
|
2 |
U17111GJ2003PTC043358 |
GIRDHAR
FIBRES PRIVATE LIMITED |
Director |
17/12/2003 |
17/12/2003 |
- |
Active |
NO |
|
3 |
U25200GJ1993PTC020037 |
GOVARDHAN
POLYPLAST PRIVATE LIMITED |
Director |
22/12/2003 |
22/12/2003 |
- |
Active |
NO |
|
4 |
U25202GJ2009PTC057009 |
GIRIRAJ
POLYPLAST PRIVATE LIMITED |
Director |
20/05/2009 |
20/05/2009 |
- |
Active |
NO |
|
Name : |
Mrs. Savitridevi Rameshkumar Agrawal |
|
Designation : |
Director |
|
Address : |
A-502, Nandigrm Apartment, |
|
Tel No.: |
91-261-2224379 |
|
Date of Birth/Age : |
15.06.1964 |
|
Date of Appointment : |
25.07.2005 |
|
DIN No.: |
00347530 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U17111GJ2003PTC043358 |
GIRDHAR
FIBRES PRIVATE LIMITED |
Director |
17/12/2003 |
17/12/2003 |
- |
Active |
NO |
|
2 |
U17111GJ1998PTC033506 |
GOVINDA
FIBRES PRIVATE LIMITED |
Director |
22/12/2003 |
22/12/2003 |
26/06/2012 |
Active |
NO |
|
3 |
U25200GJ1993PTC020037 |
GOVARDHAN
POLYPLAST PRIVATE LIMITED |
Director |
25/07/2005 |
25/07/2005 |
- |
Active |
NO |
|
Name : |
Mr. Manojkumar Mahavir Prasad Agarwal |
|
Designation : |
Director |
|
Address : |
8/B, Meghrath Apartment, |
|
Date of Birth/Age : |
26.04.1983 |
|
Date of Appointment : |
22.12.2003 |
|
DIN No.: |
00347724 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U17110GJ1994PTC022901 |
GOPISH
FIBRES PRIVATE LIMITED |
Director |
08/07/2002 |
08/07/2002 |
- |
Active |
NO |
|
2 |
U17111GJ2003PTC043358 |
GIRDHAR
FIBRES PRIVATE LIMITED |
Director |
17/12/2003 |
17/12/2003 |
- |
Active |
NO |
|
3 |
U25200GJ1993PTC020037 |
GOVARDHAN
POLYPLAST PRIVATE LIMITED |
Director |
22/12/2003 |
22/12/2003 |
- |
Active |
NO |
|
4 |
U25202GJ2009PTC057009 |
GIRIRAJ
POLYPLAST PRIVATE LIMITED |
Director |
20/05/2009 |
20/05/2009 |
- |
Active |
NO |
|
5 |
U51900GJ2009PTC057832 |
SHILP
FASHION PRIVATE LIMITED |
Director |
23/08/2011 |
23/08/2011 |
- |
Active |
NO |
|
Name : |
Mr. Ashokkumar Mahavir Prasad Agarwal |
|
Designation : |
Director |
|
Address : |
8/B, |
|
Date of Birth/Age : |
06.06.1978 |
|
Date of Appointment : |
11.01.2005 |
|
DIN No.: |
00347759 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U17110GJ1993PTC019503 |
GOPAL
FIBRES PVT LTD |
Director |
21/08/1997 |
21/08/1997 |
- |
Active |
NO |
|
2 |
U25200GJ1993PTC020037 |
GOVARDHAN
POLYPLAST PRIVATE LIMITED |
Director |
11/01/2005 |
11/01/2005 |
- |
Active |
NO |
|
3 |
U17119GJ1995PTC024930 |
PATSONS
POLYESTERS PRIVATE LIMITED |
Director |
02/04/2007 |
02/04/2007 |
- |
Active |
NO |
|
Name : |
Mr. Ushadevi Girdharilal Agrawal |
|
Designation : |
Director |
|
Address : |
6 D, Meghrath Apartment, |
|
Date of Birth/Age : |
03.11.1966 |
|
Date of Appointment : |
25.07.2005 |
|
DIN No.: |
00347930 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U17110GJ1994PTC022901 |
GOPISH
FIBRES PRIVATE LIMITED |
Director |
22/12/2003 |
22/12/2003 |
- |
Active |
NO |
|
2 |
U25200GJ1993PTC020037 |
GOVARDHAN
POLYPLAST PRIVATE LIMITED |
Director |
25/07/2005 |
25/07/2005 |
- |
Active |
NO |
|
Name : |
Mr. Rameshkumar Sitaram Agrawal |
|
Designation : |
Director |
|
Address : |
Sy. No. 58, Paiky PL 118/119/120, Floor S H/515, Ashirwad Palace Near
Vivekanand Garden, Bhatarrd, Surat – 395007, Gujarat, India |
|
Date of Birth/Age : |
06.07.1957 |
|
Date of Appointment : |
20.08.2010 |
|
DIN No.: |
03223367 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U25202GJ2009PTC057009 |
GIRIRAJ
POLYPLAST PRIVATE LIMITED |
Director |
19/11/2010 |
20/08/2010 |
- |
Active |
NO |
|
2 |
U25200GJ1993PTC020037 |
GOVARDHAN
POLYPLAST PRIVATE LIMITED |
Director |
30/09/2010 |
20/08/2010 |
- |
Active |
NO |
|
3 |
U51900GJ2009PTC057832 |
SHILP
FASHION PRIVATE LIMITED |
Director |
23/08/2011 |
23/08/2011 |
- |
Active |
NO |
|
4 |
U17120GJ2012PTC069267 |
GOPINATH
KNITFAB PRIVATE LIMITED |
Director |
02/03/2012 |
02/03/2012 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Manish Agarwal |
|
5330 |
|
Mamraj Sharma |
|
3200 |
|
Surendrakumar Agarwal |
|
2550 |
|
Sushiladevi Agarwal |
|
2150 |
|
Silkesh Dabeliya |
|
2552 |
|
Surendrakumar Agarwal, HUF |
|
3251 |
|
Manoj Agarwal |
|
1500 |
|
Sudha Mittal |
|
2487 |
|
Sohan Mittal |
|
3200 |
|
Rakesh Agarwal |
|
1410 |
|
Jugalkishore Sharma |
|
2260 |
|
Kavita Mittal |
|
3107 |
|
Ajaykumar Bajoria |
|
50 |
|
Gopal Fibers Private Limited, India |
|
50 |
|
Govinda Fibers Private Limited, India |
|
50 |
|
Gopish Fibers Private Limited, India |
|
50 |
|
Harishkumar Rameshkumar Agarwal |
|
1500 |
|
Nainsukha Laxmikant |
|
5 |
|
Manju R Agarwal |
|
5 |
|
Pamma Lal |
|
15 |
|
Rakeshkumar Nainsukha |
|
5 |
|
Ramdhan Agarwal HUF |
|
5 |
|
Ramesh Sitaram Agarwal |
|
6647 |
|
Rekhadevi Anilkumar |
|
5 |
|
Savitridevi Rameshkumar Agarwal |
|
4319 |
|
Shraddha Bajoria |
|
5 |
|
Suresh Agarwal |
|
5 |
|
Usha Devi Girdharilal Agrawal |
|
7190 |
|
Usha Devi Nainsukha |
|
5 |
|
Ashokkumar Agarwal |
|
515 |
|
Anilkumar Shriram Ketan |
|
10 |
|
Girdhar Fibers Private Limited, India |
|
1000 |
|
Giriraj Polyplast Private Limited, India |
|
1000 |
|
Girdharrilal S. Agarwal |
|
10606 |
|
Mahavirprasad Agarwal |
|
15781 |
|
Mangalmurti Distributors Private Limited, India |
|
600 |
|
Marigold Niketan Private Limited, India |
|
1200 |
|
Subroto Trading Finance Company Limited, India |
|
600 |
|
Kejriwal Shashi Prabha |
|
10 |
|
Total |
|
84230 |
List of Allottees
As on 31.03.2012
|
Names of Allottees |
|
No. of Shares
Allotted |
|
|
|
|
|
Transtrade Vinimay Private Limited, India |
|
600 |
|
Cristal Consultancy Private Limited, India |
|
200 |
|
Ciroular Tie-up Private Limited, India |
|
300 |
|
Sparkle Marketing Consultancy Private Limited, India |
|
200 |
|
Vayu Marketing Private Limited, India |
|
200 |
|
Anand Prakash Kalani |
|
30 |
|
Evergrow Dealmark Private Limited, India |
|
300 |
|
Total |
|
1830 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
5.00 |
|
Directors or relatives of Directors |
70.00 |
|
Other top fifty shareholders |
25.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Woven Sacks and Poly Proplaine Bags. |
|
|
|
|
Products : |
·
PP/HDPE Woven Sacks ·
Flexible Intermediate Bulk Containers ·
Woven PP Sacks ·
Unlaminated Sacks ·
Jumbo Bags ·
PP Packaging Material ·
PP Woven Fabrics ·
Polypropylene Woven Bags ·
Wide Width Fabrics Upto 60” ·
Cement Bags ·
Flour Mill Bags ·
Natural Bags ·
PP Leno Bags or Tublar Mesh Bags ·
Bopp Lam inated Bags |
|
|
|
|
Exports : |
|
|
Products : |
Woven Items |
|
Countries : |
·
Africa ·
America ·
Algeria |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
South East Countries |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS
As on 31.03.2011
|
Particulars |
Unit |
31.03.2011 |
|
|
|
|
|
Licensed Capacity |
-- |
N.A |
|
Installed Capacity |
-- |
N.A |
|
Actual Production |
M.T. |
1914 |
Note: As certified by the management.
GENERAL INFORMATION
|
Suppliers : |
·
Reliance Industries |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers ·
CM Paper |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) (In Office + In Factory) |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
ING Vysya Bank, Surat Branch, Gujarat, India Bank of Baroda, Vania Sheri Branch, Surat, Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
Cash Credit : Rs.15.000
Millions (From ING Vysya Bank) Term Loan : Rs.3.000
Millions (From ING Vysya Bank)
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
H Tosniwal and Company Chartered Accountants |
|
Address : |
604, |
|
PAN No.: |
AACFH1890B |
|
|
|
|
Memberships : |
AIETM (All India Flate Tape Manufacturer Associates) |
|
|
|
|
Related Parties : |
Giriraj Polyplast Private Limited Gopal Fibers Private Limited Govinda Fibers Private Limited Gopish Fibers Private Limited Girdhar Fibers Private Limited |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
86060 |
Equity Shares |
Rs.100/- each |
Rs.8.606
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
84230 |
Equity Shares |
Rs.100/- each |
Rs.8.423
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
8.423 |
8.182 |
7.931 |
|
|
2] Share Application Money |
0.150 |
0.150 |
2.665 |
|
|
3] Reserves & Surplus |
10.053 |
3.385 |
0.931 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(0.613) |
|
|
NETWORTH |
18.626 |
11.717 |
10.914 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
16.261 |
14.133 |
12.049 |
|
|
2] Unsecured Loans |
26.702 |
30.058 |
29.976 |
|
|
TOTAL BORROWING |
42.963 |
44.191 |
42.025 |
|
|
DEFERRED TAX LIABILITIES |
2.237 |
2.045 |
1.735 |
|
|
|
|
|
|
|
|
TOTAL |
63.826 |
57.953 |
54.674 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
25.805 |
27.356 |
28.994 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.616 |
0.016 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
20.450
|
16.389 |
10.391 |
|
|
Sundry Debtors |
16.120
|
21.895 |
9.715 |
|
|
Cash & Bank Balances |
0.152
|
0.390 |
0.058 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
16.384
|
5.758 |
19.393 |
|
Total
Current Assets |
53.106
|
44.432 |
39.557 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
13.951
|
12.003 |
12.763 |
|
|
Other Current Liabilities |
1.516
|
1.455 |
1.005 |
|
|
Provisions |
0.253
|
0.433 |
0.202 |
|
Total
Current Liabilities |
15.720
|
13.891 |
13.970 |
|
|
Net Current Assets |
37.386
|
30.541 |
25.587 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.019 |
0.040 |
0.093 |
|
|
|
|
|
|
|
|
TOTAL |
63.826 |
57.953 |
54.674 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
153.941 |
143.004 |
71.080 |
|
|
|
Other Income |
0.265 |
0.623 |
0.277 |
|
|
|
TOTAL (A) |
154.206 |
143.627 |
71.357 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
19.417 |
8.903 |
18.946 |
|
|
|
Raw material consumed |
107.254 |
106.720 |
35.881 |
|
|
|
Manufacturing expenses |
15.035 |
15.355 |
11.743 |
|
|
|
Administrative Expenses |
10.162 |
9.068 |
3.827 |
|
|
|
(Increase) / Decrease in stock |
(3.876) |
(4.976) |
(3.346) |
|
|
|
TOTAL (B) |
147.992 |
135.070 |
67.051 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6.214 |
8.557 |
4.306 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.180 |
4.048 |
0.796 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.034 |
4.509 |
3.510 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.706 |
1.702 |
1.682 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.328 |
2.807 |
1.828 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.444 |
0.744 |
0.646 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.884 |
2.063 |
1.182 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.450 |
(0.613) |
(1.795) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.334 |
1.450 |
(0.613) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
200.000 |
Expected Sales (2012-2013) : Rs.220.000 Millions
The above information has been parted by Mr. Manoj Kumar Mahavir Prasad
Agarwal.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.57
|
1.44 |
1.66 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.86
|
1.96 |
2.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.68
|
3.91 |
2.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.24 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.15
|
4.96 |
5.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.38
|
3.20 |
2.83 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions 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 |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
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 |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
TRADE REFERENCES:
· Reliance Industries
· CM Paper
FIXED ASSETS:
·
Freehold Land
·
Land
·
Shop
·
Factory Building
·
Plant and Machinery
·
Electrification
·
Weighing Machines
·
Computer
·
Fax Machines
·
Generator
·
Car
·
Air Conditioner
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.67 |
|
|
1 |
Rs.86.05 |
|
Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
BSN |
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 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
32 |
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.