MIRA
INFORM REPORT
|
Report Date : |
24.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
INDIAN GREENHOUSES PRIVATE LIMITED (W.e.f .16.09.2010) |
|
|
|
|
Formerly Known
As : |
SHRIHARI GREENHOUSES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7, Namrata Commercial Centre, Talegaon, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
16.05.2002 |
|
|
|
|
Com. Reg. No.: |
25-016962 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs. 2.350 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01122PN2002PTC016962 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Green Houses Material. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 63000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
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.
LOCATIONS
|
Registered Office : |
7, Namrata Commercial Centre, Talegaon, Chakan Road, Talegaon Dabhade,
Pune-410 507, Maharashtra, India |
|
Tel. No.: |
91-2114-229772/73 |
|
Fax No.: |
91-2114-229774 |
|
E-Mail : |
|
|
Area : |
2000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Vishwas Sandipan Jogdand |
|
Designation : |
Director |
|
Address : |
B-3 Ploy No. 53, Vatan Nagar, Talegaon Station ,Talmaval Talegaon,
Dabhade, Pune-410 507, Maharashtra, India |
|
Date of Birth/Age : |
01.07.1968 |
|
Date of Appointment : |
16.05.2002 |
|
DIN No: |
01656075 |
|
|
|
|
Name : |
Mrs. Rekha Vishwas Jogdand |
|
Designation : |
Director |
|
Address : |
B-3 Ploy No. 53, Vatan Nagar, Talegaon Station ,Talmaval Talegaon,
Dabhade, Pune-410 507, Maharashtra, India |
|
Date of Birth/Age : |
01.04.1973 |
|
Date of Appointment : |
16.05.2002 |
|
DIN No: |
01634644 |
|
|
|
|
Name : |
Mr. Rajkumar Vijaykumar Deodhare |
|
Designation : |
Director |
|
Address : |
Plot No.17, S. No.1/1A/5,
Village Malwadi, Taluka Maval, Pune-410507, Maharashtra, India |
|
Date of Birth/Age : |
05.02.1969 |
|
Date of Appointment : |
16.05.2002 |
|
DIN No: |
00867565 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Vishwas Jogdand |
141000 |
|
Rekha Jogdand |
89300 |
|
Rajkumar Deodhare |
4700 |
|
TOTAL
|
235000 |
AS ON 28.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors and Relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Green Houses Material. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat MArg, Lower Parel (West), Mumbai-400013, Maharashtra, India ·
IDBI Bank Limited ·
Dhanlaxmi Bank Limited |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Dayanand Kadam and Associates Chartered Accountants |
|
Address : |
376/ 377 , Venketesh Construction, Third Floor, Unit No. 15, Vitthal
Mandir Lane, Navi Peth, Pune – 411030, Maharashtra, India |
|
Tel. No.: |
91-22-24331266 |
|
Mobile No : |
91-9881739395 |
|
PAN No.: |
AGOPK9978M |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
235000 |
Equity Shares |
Rs.10/- each |
Rs. 2.350
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.350 |
2.350 |
1.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
13.450 |
9.990 |
7.263 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
15.800 |
12.340 |
8.363 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4.866 |
4.439 |
3.270 |
|
|
2] Unsecured Loans |
18.762 |
0.000 |
3.448 |
|
|
TOTAL BORROWING |
23.628 |
4.439 |
6.718 |
|
|
DEFERRED TAX LIABILITIES |
0.137 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
39.565 |
16.779 |
15.081 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
10.775 |
2.159 |
1.786 |
|
|
Capital work-in-progress |
0.000 |
6.216 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
18.354
|
12.975 |
27.023
|
|
|
Sundry Debtors |
49.880
|
9.262 |
16.981
|
|
|
Cash & Bank Balances |
1.218
|
2.807 |
0.009
|
|
|
Other Current Assets |
5.043
|
2.639 |
1.605
|
|
|
Loans & Advances |
0.000
|
0.000 |
3.318
|
|
Total
Current Assets |
74.495
|
27.683 |
48.936 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
33.913
|
15.719 |
1.859
|
|
|
Other Current Liabilities |
8.240
|
0.332 |
31.994
|
|
|
Provisions |
3.552
|
3.228 |
1.788
|
|
Total
Current Liabilities |
45.705
|
19.279 |
35.641 |
|
|
Net Current Assets |
28.789
|
8.404 |
13.295
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
39.565 |
16.779 |
15.081 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
225.884 |
212.727 |
172.944 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
225.884 |
212.727 |
172.944 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
220.890 |
208.786 |
169.79 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
4.994 |
3.941 |
3.154 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.535 |
1.213 |
0.997 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
3.459 |
2.728 |
2.157 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.72 |
11.61 |
13.38 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.53
|
1.28 |
1.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.86
|
13.21 |
6.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.32 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.50
|
0.36 |
0.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.63
|
1.44 |
1.37 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
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 |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Term Loan |
|
|
|
From Banks |
|
|
|
Dhanlaxmi Bank Limited |
2.738 |
0.000 |
|
HDFC Bank Limited |
2.733 |
0.000 |
|
Magma Fincrop Limited |
2.222 |
0.000 |
|
Religare Finvest Limited |
2.284 |
0.000 |
|
Tata Finance Limited |
1.292 |
0.000 |
|
Loans and
Advances from Related Parties (Directors and Shareholders) |
|
|
|
Shri Vishwas Jogdand |
4.343 |
0.000 |
|
Mrs. Rekha Jogdand |
3.061 |
0.000 |
|
Shri Rajkumar Devdhare |
0.089 |
0.000 |
|
|
|
|
|
TOTAL |
18.762 |
0.000 |
FORM 8
|
Corporate
identity number of the company |
U01122PN2002PTC016962 |
|
Name of the
company |
SHRIHARI
GREENHOUSES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
7, Namrata Commercial Centre, Talegaon, Chakan Road, Talegaon Dabhade,
Pune-410 507, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat MArg, Lower Parel
(West), Mumbai-400013, Maharashtra, India |
|
Nature of
instrument creating charge |
Letter of
Hypothecation. |
|
Date of
instrument Creating the charge |
31.10.2012 |
|
Amount secured by
the charge |
Rs. 15.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of repayment On Demand. Margin As may be
stipulated by the Bank from time to time. Extent and operation of the charge Hypothecation by
way of First Charge on Stocks and Book Debts to secure as a continuing
security as mentioned in Column No.15 below for the repayment of Rs.15.000
Millions together with interest, costs, charges, expenses and other moneys
due and payable by the Company to the Bank. |
|
Short particulars
of the property charged (Including location of the property) |
Stock-in-trade,
consisting of raw materials, goods in process of manufacturing finished
goods, and other merchandise whatsoever being movable properties, now All the Debts,
that is, all the book debts, out standings, monies receivables, claims, bills, invoice documents, contracts,
guarantees, and rights which are now |
FIXED ASSETS
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipments
·
Computer
·
Factory Shed
·
Generator
·
TATA Mobile Vehicle
·
Office Interior
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 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 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. 54.29 |
|
|
1 |
Rs. 82.87 |
|
Euro |
1 |
Rs. 70.80 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.