|
Report Date : |
10.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
BABA BIHARINATH AGRO TECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Village and P.O. Kolkol, P. S. Galsi, Burdwan – 713144, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
06.07.2010 |
|
|
|
|
Com. Reg. No.: |
21-151044 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.300 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01403WB2010PTC151044 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Rice Mills. |
|
|
|
|
No. of Employees
: |
18 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Yet to commence business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
-- |
|
|
|
|
Comments : |
Though the company incorporated in the year 2010. It is yet to
commence it business activities. It will commence its commercial operation
from Feb. 2013. Payments are unknown. The company can be considered for business dealing on a safe and
secured 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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. Sandip Singh |
|
Designation : |
Director |
|
Contact No.: |
91-9593606590 |
|
Date : |
08.09.2012 |
LOCATIONS
|
Registered Office/ Factory : |
Village and P.O. Kolkol, P. S. Galsi, Burdwan – 713144, West Bengal,
India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9593606590 (Mr. Sandip Singh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Sandip Singha |
|
Designation : |
Director |
|
Address : |
Para Nurkona, Nurkona Paraj, Burdwan – 713403, West Bengal, India |
|
Date of Birth/Age : |
20.08.1967 |
|
Date of Appointment : |
06.07.2010 |
|
DIN No.: |
03096570 |
|
Voter Id No.: |
JD70753012 |
|
|
|
|
Name : |
Mr. Sudhir Shyam |
|
Designation : |
Director |
|
Address : |
Chatterjee Para, Paraj, Galsi, Burdwan – 713403, West Bengal,
India |
|
Date of Birth/Age : |
02.02.1975 |
|
Date of Appointment : |
14.01.2012 |
|
DIN No.: |
05153090 |
|
|
|
|
Name : |
Mr. Golan Hosen Khan |
|
Designation : |
Additional Director |
|
Address : |
Bauripara O Amasta Mualimpara, Uchchgram, Galsi, Burdwan – 713144,
West Bengal, India |
|
Date of Birth/Age : |
01.01.1945 |
|
Date of Appointment : |
07.03.2012 |
|
DIN No.: |
05220375 |
|
|
|
|
Name : |
Mr. Sekh Akbar Ali |
|
Designation : |
Director |
|
Address : |
KA Jaguliparar Pradhan Rastar, Dakshin Jagulipara, Paraj, Galsi,
Burdwan – 713403, West Bengal, India |
|
Date of Birth/Age : |
13.01.1961 |
|
Date of Appointment : |
01.06.2012 |
|
DIN No.: |
05294574 |
|
|
|
|
Name : |
Mr. Amiya Kumar Dey |
|
Designation : |
Director |
|
Address : |
Para Sakhpara, Mondalpara, Midyapara, Paraj, Galsi, Burdwan – 713403,
West Bengal, India |
|
Date of Birth/Age : |
05.02.1978 |
|
Date of Appointment : |
01.06.2012 |
|
DIN No.: |
05294571 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Sandip Singha |
|
15000 |
|
Laxminarayan Singha |
|
15000 |
|
|
|
|
|
Total |
|
30000 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Rice Mills. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS
|
Particulars |
Unit |
Capacity in case of manufacture |
|
|
|
|
|
Rice (Boiled) |
Tonne |
9732 |
|
Rice Bran |
Tonne |
720 |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|
|
|
|
No. of Employees : |
18 (Approximately) |
|
|
|
|
Bankers : |
· Bank of India Burdwan Branch, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bidyut Kumar Mitra Chartered Accountant |
|
Address : |
Bholananda Palli, Chhotonilpur, Pirtala, Shripally, Burdwan – 713103,
West Bengal, India |
|
PAN No.: |
AFEPM1690K |
CAPITAL STRUCTURE
(AS ON 30.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000 |
Equity Shares |
Rs.10/- each |
Rs.0.300
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.300 |
|
|
2] Share Application Money |
|
|
1.880 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2.180 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2.180 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.926 |
|
|
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 |
|
|
0.018 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.018 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.003 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.003 |
|
|
Net Current Assets |
|
|
0.015 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.239 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2.180 |
|
Subject is going to start business activity from February 2013.
The above information has been parted by Mr. Sandip Singh.
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
6.00 |
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 |
No |
|
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 (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
Yes |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT
OF FINANCIAL REQUIREMENT
OPERATING STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
|
|
(PROJECTIONS) |
||||
|
|
|
|
|
|
|
|
Gross Sales |
|
|
|
|
|
|
Domestic Sales |
20.279 |
96.560 |
106.234 |
115.907 |
125.579 |
|
Export Sales |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total |
20.279 |
96.560 |
106.234 |
115.907 |
125.579 |
|
|
|
|
|
|
|
|
Less: Excise Duty |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Net Sales |
20.279 |
96.560 |
106.234 |
115.907 |
125.579 |
|
|
|
|
|
|
|
|
%age rise/ fall in net sales as compared to previous year |
-- |
19.04% |
10.02% |
9.11% |
8.34% |
|
|
|
|
|
|
|
|
Cost of Sales |
|
|
|
|
|
|
Raw Materials (Including Stores and Other Items used in the process of
Manufacturer) |
|
|
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous |
17.820 |
79.200 |
87.120 |
95.040 |
102.960 |
|
|
|
|
|
|
|
|
Other Spares/ Carriage |
|
|
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous |
0.101 |
0.483 |
0.691 |
0.753 |
0.816 |
|
|
|
|
|
|
|
|
Power and Fuel |
0.786 |
3.841 |
4.225 |
4.648 |
5.113 |
|
Direct Labour (Factory, wages and salaries) |
0.173 |
1.087 |
1.196 |
41.316 |
1.447 |
|
Repairs and Maintenance |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Manufacturing Expenses |
0.060 |
0.177 |
0.195 |
0.214 |
2.236 |
|
Depreciation |
1.189 |
4.589 |
3.948 |
3.399 |
2.928 |
|
|
|
|
|
|
|
|
Sub – Total |
20.129 |
89.377 |
97.374 |
105.370 |
113.500 |
|
|
|
|
|
|
|
|
Add: Opening Stocks in Process |
0.000 |
0.268 |
0.298 |
0.325 |
0.351 |
|
|
|
|
|
|
|
|
Total |
20.129 |
89.645 |
97.672 |
105.695 |
113.851 |
|
|
|
|
|
|
|
|
Deduct: Closing Stocks in Process |
0.268 |
0.298 |
0.325 |
0.351 |
0.378 |
|
|
|
|
|
|
|
|
Cost of
Production |
19.861 |
89.347 |
97.347 |
105.344 |
113.473 |
|
|
|
|
|
|
|
|
Add: Opening Stock of Finished Goods |
0.000 |
1.342 |
1.490 |
1.623 |
1.756 |
|
|
|
|
|
|
|
|
Sub Total |
19.861 |
90.689 |
98.837 |
106.967 |
115.229 |
|
|
|
|
|
|
|
|
Deduct: Closing Stock of Finished Goods |
1.342 |
1.490 |
1.623 |
1.756 |
1.892 |
|
|
|
|
|
|
|
|
Sub Total (Total Cost of
Sales) |
18.519 |
89.199 |
97.214 |
105.211 |
113.337 |
|
|
|
|
|
|
|
|
General, Administrative and selling Expenses |
0.142 |
0.772 |
0.850 |
1.043 |
1.130 |
|
|
|
|
|
|
|
|
Sub- Total |
18.661 |
89.971 |
98.064 |
106.254 |
114.467 |
|
|
|
|
|
|
|
|
Operating Profit before Interests |
1.618 |
6.589 |
8.170 |
9.653 |
11.112 |
|
|
|
|
|
|
|
|
Interests |
1.229 |
4.753 |
4.247 |
3.731 |
3.214 |
|
|
|
|
|
|
|
|
Operating Profit After Interests |
0.390 |
1.836 |
3.923 |
5.922 |
7.898 |
|
|
|
|
|
|
|
|
Add: Other
Non-operating Income |
|
|
|
|
|
|
Sale of Fixed Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sub Total
(Income) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Deduct: Other
Non-operating Expenses |
|
|
|
|
|
|
Miscellaneous Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
W.O. of Preliminary and Pre-operative Expenses |
0.214 |
0.214 |
0.214 |
0.214 |
0.214 |
|
Sub Total
(Expenses) |
0.214 |
0.214 |
0.214 |
0.214 |
0.214 |
|
|
|
|
|
|
|
|
Net of Other non-operating
income/ Expenses |
(0.214) |
(0.214) |
(0.214) |
(0.214) |
(0.214) |
|
|
|
|
|
|
|
|
Profit before tax |
0.176 |
1.622 |
3.709 |
5.708 |
7.684 |
|
|
|
|
|
|
|
|
Provision for taxes |
0.060 |
0.523 |
1.161 |
1.774 |
2.380 |
|
|
|
|
|
|
|
|
Net Profit/ loss |
0.116 |
1.099 |
2.548 |
3.934 |
5.304 |
|
|
|
|
|
|
|
|
Equity Dividend Paid amount (Already paid + B.S. Provision) |
-- |
0.400 |
0.400 |
0.700 |
1.200 |
|
|
|
|
|
|
|
|
Retained Profit |
0.116 |
0.699 |
2.148 |
3.234 |
4.104 |
|
|
|
|
|
|
|
|
Retained Profit/ Net profit (%) |
100.00% |
63.60% |
84.30% |
82.21% |
77.38% |
|
|
|
|
|
|
|
|
Cash Accrual |
1.305 |
5.288 |
6.096 |
6.633 |
7.032 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
|
|
(PROJECTIONS) |
||||
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Short term borrowings banks (Including bills purchased, discounted and
excess borrowing placed on repayment basis) |
|
|
|
|
|
|
- From State Bank of India |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
- From Other Banks |
12.500 |
12.500 |
12.500 |
12.500 |
12.500 |
|
(Of which BP and BD) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Sub Total (A) |
12.500 |
12.500 |
12.500 |
12.500 |
12.500 |
|
|
|
|
|
|
|
|
Short Term borrowing- others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sundry Creditors |
0.428 |
0.269 |
0.296 |
0.322 |
0.348 |
|
Advance/ Progress Payments from Customers/ deposits from Dealers,
Selling agents |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Provision for taxation |
0.060 |
0.523 |
1.161 |
1.774 |
2.380 |
|
Other Statutory Liabilities (Due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Deposits / Installments of Term Loans DPGs/ Debentures/ ECB/ ADR/ GDR
(Due Within One Year) |
3.310 |
3.972 |
3.972 |
3.972 |
3.972 |
|
Other Current Liabilities |
0.120 |
0.144 |
0.173 |
0.207 |
0.249 |
|
|
|
|
|
|
|
|
SUB TOTAL (B) |
3.918 |
4.908 |
5.602 |
6.275 |
6.949 |
|
|
|
|
|
|
|
|
TOTAL CURRENT
LIABILITIES |
16.418 |
17.408 |
18.102 |
18.775 |
19.449 |
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Debentures |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Creditors for Capital Goods |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Term Loan |
22.490 |
18.518 |
14.546 |
10.574 |
6.602 |
|
|
|
|
|
|
|
|
Deferred sales Tax liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Term Deposits |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Other Term Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL TERM
LIABILITIES |
22.490 |
18.518 |
14.546 |
10.574 |
6.602 |
|
|
|
|
|
|
|
|
TOTAL OUTSIDE
LIABILITIES |
38.908 |
35.926 |
32.648 |
29.349 |
26.051 |
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
|
|
|
|
|
|
Ordinary Share Capital |
16.900 |
16.900 |
16.900 |
16.900 |
16.900 |
|
Share Deposits |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Reserve and Surplus |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Share Premium |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Capital Redemption Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Surplus (+) Deficit (-) in Profit and Loss A/c |
0.116 |
0.815 |
2.963 |
6.197 |
10.301 |
|
|
|
|
|
|
|
|
TOTAL NET WORTH |
17.016 |
17.715 |
19.863 |
23.097 |
27.201 |
|
|
|
|
|
|
|
|
TOTAL
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and bank balances |
1.079 |
1.516 |
1.603 |
1.606 |
1.806 |
|
|
|
|
|
|
|
|
Investment |
|
|
|
|
|
|
- Receivables |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
- Export Receivables |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVENTORY |
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials (Indigenous) |
14.256 |
15.840 |
17.424 |
19.008 |
20.592 |
|
Stock in Process |
0.268 |
0.298 |
0.325 |
0.351 |
0.378 |
|
Finished Goods |
1.342 |
1.490 |
1.623 |
1.756 |
1.892 |
|
Other Consumable Spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advance Payment of Taxes |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
18.635 |
21.156 |
23.187 |
25.136 |
27.284 |
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Block |
37.120 |
37.120 |
37.120 |
37.120 |
37.120 |
|
|
|
|
|
|
|
|
Depreciation to date |
1.189 |
5.777 |
9.725 |
13.124 |
16.052 |
|
|
|
|
|
|
|
|
Net Block |
35.931 |
31.342 |
27.395 |
23.996 |
21.068 |
|
|
|
|
|
|
|
|
OTHER NON
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment/ Book Debts Advance Deposits, which are not current Assets |
0.500 |
0.500 |
0.500 |
0.500 |
0.500 |
|
Long term investments (In Subsidiaries) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other non Current assets |
0.000 |
0.000 |
1.000 |
2.600 |
4.400 |
|
|
|
|
|
|
|
|
TOTAL OTHER NON
CURRENT ASSETS |
0.500 |
0.500 |
1.500 |
3.100 |
4.900 |
|
|
|
|
|
|
|
|
Intangible Assets |
0.858 |
0.643 |
0.429 |
0.214 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL ASSETS |
55.924 |
53.641 |
52.511 |
52.446 |
53.252 |
|
|
|
|
|
|
|
|
Tangible Net worth |
16.159 |
17.072 |
19.435 |
22.883 |
27.201 |
|
|
|
|
|
|
|
|
Net Working Capital |
2.217 |
3.748 |
5.085 |
6.361 |
7.835 |
|
|
|
|
|
|
|
|
Current Ratio |
1.14 |
1.22 |
1.28 |
1.34 |
1.40 |
|
|
|
|
|
|
|
|
Total Outside Liabilities/ Tangible Net
worth |
2.41 |
2.10 |
1.68 |
1.28 |
0.96 |
|
|
|
|
|
|
|
|
Total Term Liabilities/ Tangible Net Profit |
1.39 |
1.08 |
0.75 |
0.46 |
0.24 |
------------------------------------------------------------------------------------------------------------------------------
GUARANTOR’S
PROFILE
|
Guarantor’s Name |
Mr. Ravindra Kumar Daga |
|
|
|
|
Present Address |
25 Rameshwar Malia, 1st Bye
Lane,, Howrah – 711101, West Bengal, India |
|
Tel No.: |
91-33-39334771 |
|
Mobile No.: |
91-9681169177 |
|
|
|
|
Date of Birth/ Age: |
28.06.1974 |
|
|
|
|
If in Business |
Name: Sandarv Distributors and Sales Private
Limited Address: 27, Bipalabi Trailakya Maharaj
Sarani, 5th Floor, Room No 507, Kolkata, West Bengal, India Activity: Trading of Rice Bran |
|
|
|
|
Established Since |
10, December, 2009 |
|
|
|
|
Annual Income |
Rs.0.200 Million |
|
|
|
|
PAN No.: |
ACMPD8987D |
BANK ACCOUNT
|
Bank |
Brach |
S/B, C/D A/c No. |
Pr5esent Balance
10.08.2012 |
|
|
|
|
|
|
Dhanlaxmi Bank |
Brabourne Road Branch |
0206001000005531 |
101467.02 |
|
|
|
|
|
DETAILS OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own/ Joint Name |
Area |
Freehold or
Leasehold |
Location/
Address |
Present Value
(Approx.) |
|
|
|
|
|
|
|
|
Flat House |
Ravindra Kumar Daga |
550 sq. ft. |
Salami Bhada |
25, Rameshwar Malia 1st Bye Lane, Howrah – 700001, West
Bengal, India |
Rs.2.500 Millions |
SHARES/ DEBENTURE/
MUTUAL FUND ETC.
|
Name of Company |
No. of Shares |
Whether Fully
Paid (Yes/ No) |
Current Market
Value (Rs. In
Millions) |
|
|
|
|
|
|
Sandarv Distributors and Sales Private Limited |
52500 |
Yes |
Rs.1.050 Millions |
|
Others |
5000 |
Yes |
R.0.050 Million |
JEWELLERY
|
Name |
Quantity |
Valuation
(Approx) |
|
|
|
|
|
Gold |
350 Gram |
Rs.1.150 Millions |
|
Silver |
2 KG |
Rs.0.110 Million |
|
Others |
Receivables/ Advance |
Rs.2.628 Millions |
DETAILS OF LIABILITIES
|
Borrowed from |
Amount of Loan |
Outstanding
Balance As August 2012 |
|
|
|
|
|
Family |
Rs.0.100 Million |
0.100 Million |
|
|
|
|
LEGAL HEIR /
FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
|
|
|
|
|
|
|
Santosh Devi Daga |
House Wife |
Mother |
67 years |
Married |
25, Ramehwar Malia, 1st Bye Lane, Howrah – 711101, West
Bengal, India |
------------------------------------------------------------------------------------------------------------------------------
MR.
RAVINDRA KUMAR DAGA
BALANCE
SHEET
(RS. IN MILLIONS)
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 (Provisional) |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
4.069 |
3.925 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
4.069 |
3.925 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.100 |
0.100 |
|
|
TOTAL BORROWING |
|
0.100 |
0.100 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
4.169 |
4.025 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.080 |
1.737 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
LOANS AND ADVANCES And INVESTMENT |
|
3.928 |
2.271 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
0.161 |
0.017 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
0.161 |
0.017 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
0.000 |
0.000 |
|
|
Net Current Assets |
|
0.161 |
0.017 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
4.169 |
4.025 |
|
PROFIT
& LOSS ACCOUNT
(RS.
IN MILLIONS)
|
|
PARTICULARS |
|
31.03.2012 (Provisional) |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Accounting Charges |
|
0.000 |
0.066 |
|
|
|
Bank Savings A/c Interests |
|
0.000 |
0.001 |
|
|
|
Miscellaneous Receipts |
|
0.085 |
0.072 |
|
|
|
Sandarv Distributors and sales Private Limited |
|
0.114 |
0.000 |
|
|
|
Salary |
|
0.000 |
0.030 |
|
|
|
TOTAL |
|
0.199 |
0.169 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Bank Charges |
|
0.001 |
0.000 |
|
|
|
Income Tax (A.Y.10-11) |
|
0.000 |
0.001 |
|
|
|
TOTAL |
|
0.001 |
0.001 |
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
0.198 |
0.168 |
|
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL RESULTS (AS ON 31.03.2011)
The company has not yet started its business
activities. The expenses incurred by incorporation of the company and related
expenses are treated as preliminary as per operative expense.
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.55.97 |
|
|
1 |
Rs.89.02 |
|
Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
NIT |
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.