|
Report Date : |
26.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHRINEE AGRO PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
SHRINEE AGRO CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1-A, Shrikrishna, Krishnakeval Nagar, Kondhwa Khurd, Pune-411048,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
30.01.2002 |
|
|
|
|
Com. Reg. No.: |
11-136410 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.16.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24129PN2002PTC136410 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES09371F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCSO160G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Fertilizers. |
|
|
|
|
No. of Employees
: |
12 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 58000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record.
There appears some accumulated loss recorded by the company. 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.
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. Patil |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-20-26833748 |
|
Date : |
25.04.2013 |
LOCATIONS
|
Registered Office : |
1-A, Shrikrishna, Krishnakeval Nagar, Kondhwa Khurd, Pune-411048,
Maharashtra, India |
|
Tel. No.: |
91-20-26833748 / 26836538 |
|
Fax No.: |
91-20-26833750 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Shrikant Shrikrishna Ranade |
|
Designation : |
Director |
|
Address : |
62, Shobhana, St. Patrick’s Town, Pune-411013, Maharashtra, India |
|
Date of Birth/Age : |
06.02.1948 |
|
Date of Appointment : |
30.01.2002 |
|
Din No.: |
00028240 |
|
|
|
|
Name : |
Vasanti Shrikant Purohit |
|
Designation : |
Whole Time Director |
|
Address : |
76/21, Su-Smriti Shantishila Society, Law College Road, Pune-411004,
Maharashtra, India |
|
Date of Birth/Age : |
26.03.1967 |
|
Date of Appointment : |
09.07.2005 |
|
Din No.: |
01062204 |
|
|
|
|
Name : |
Dr. Sanjay Sukhdev Gund |
|
Designation : |
Whole Time Director |
|
Address : |
C/O. Rohanna Agri Limited, 1-A, Krishnakeval Nagar, Kondhwa Khurd, Pune-411048,
Maharashtra, India |
|
Date of Birth/Age : |
28.10.1976 |
|
Date of Appointment : |
02.01.2009 |
|
Din No.: |
02566160 |
KEY EXECUTIVES
|
Name : |
Mr. Patil |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ashok Baslingappa Jevoor |
|
2000 |
|
Ajit Keshavrao Kulkarni |
|
500 |
|
Jayeshkumar Navinchandra Patel |
|
500 |
|
Makarand M. Kalyankar |
|
500 |
|
Madhuri Pramod Sawant |
|
2000 |
|
Maruti Shrirang Kulkarni |
|
250 |
|
Rajesh Chandrasen Mukane |
|
500 |
|
Shantappa Yuralingappa Biradar |
|
500 |
|
Sambhaji Kushaba Bade |
|
500 |
|
Vishal Sudhir Shah |
|
500 |
|
Nanaso Shankar Zakane |
|
1000 |
|
Anita Bhalchandra Ramdasi |
|
2000 |
|
Veronik Micronutrients Private Limited, India |
|
25000 |
|
Rohanna Agri Limited, India |
|
121750 |
|
Sanjay Sukhdev Gund |
|
900 |
|
Vikas Ramrao Mirgane |
|
250 |
|
Vishwas Ramchandra Mandhare |
|
100 |
|
Ashok Jaywant Jagtap |
|
250 |
|
Narendra M Patil |
|
1000 |
|
|
|
|
|
TOTAL
|
|
160000 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
91.72 |
|
Directors
or relatives of directors |
|
0.56 |
|
Other
top fifty shareholders |
|
7.72 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Fertilizers. |
|
|
|
|
Imports : |
|
|
Products : |
Fertilizer |
|
Countries : |
Netherland |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
12 [Approximately] |
|
|
|
|
Bankers : |
Bank of Maharashtra, Pune, Maharashtra, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A.S. Shetty Chartered Accountants |
|
Address : |
Archies Court, 407, Ghorpade Peth, Opposite Saraswati Petrol Pump, Off
Shankar Seth Road, Pune-411042, Maharashtra, India |
|
Tel No.: |
91-20-26833991 |
|
Mobile No.: |
91-9822814618 |
|
E-Mail : |
|
|
PAN No: |
ADXPS5115N |
|
|
|
|
Holding Company : |
Rohanna Agri Limited [U01403PN1992PLC065405] |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.100/- each |
Rs.25.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
160000 |
Equity Shares |
Rs.100/-
each |
Rs.16.000
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 |
16.000 |
16.000 |
14.700 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.292 |
0.000 |
|
|
4] (Accumulated Losses) |
(1.283) |
0.000 |
(3.940) |
|
|
NETWORTH |
14.717 |
16.292 |
10.760 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
1.135 |
0.975 |
0.485 |
|
|
TOTAL BORROWING |
1.135 |
0.975 |
0.485 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
15.852 |
17.267 |
11.245 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.308 |
0.812 |
0.504 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.350 |
1.305 |
1.682 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
14.465
|
0.211 |
5.637 |
|
|
Sundry Debtors |
3.891
|
14.682 |
6.073 |
|
|
Cash & Bank Balances |
0.714
|
0.849 |
3.187 |
|
|
Other Current Assets |
0.000
|
0.000 |
1.260 |
|
|
Loans & Advances |
1.397
|
1.389 |
7.079 |
|
Total
Current Assets |
20.467
|
17.131 |
23.236 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.525
|
0.593 |
12.939 |
|
|
Other Current Liabilities |
1.286
|
0.321 |
0.778 |
|
|
Provisions |
0.462
|
1.067 |
0.460 |
|
Total
Current Liabilities |
6.273
|
1.981 |
14.177 |
|
|
Net Current Assets |
14.194
|
15.150 |
9.059 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
15.852 |
17.267 |
11.245 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income [Approximately] |
50.000 [Due to less
order] |
80.000 |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(1.465) |
4.232 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(9.15) |
26.45 |
NA |
|
Expected Sales (2012-13) : Rs.70.000 Millions.
The above information has been parted by Mr. Patil.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.07
|
0.05 |
0.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.26
|
8.65 |
1.64 |
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 two years |
Yes |
|
12] |
Profitability for last two years |
Yes |
|
13] |
Reasons for variation <> 20% |
Yes |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE:
The registered office of the company has been shifted from 7/34, Thottipalayam Road, Civil Aerodrome Post, Coimbatore-641014, Tamilnadu, India to the present address w.e.f.22.09.2009.
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Loans and Advances From Related Parties |
1.135 |
0.975 |
|
TOTAL
|
1.135 |
0.975 |
OPERATIONS:
During the year under consideration their turnover
went down by 34% and there was an increase in direct and indirect expenses due
to which they had incurred losses during the year for Rs.1.465 Millions.
However in the coming year they hope to recover their losses.
FIXED ASSETS:
·
Goodwill
·
Computer Software
·
Mining Rights
·
Copyrights, Patents and
Other Intellectual Property Rights
·
Licenses and Franchises
·
Land
·
Building
·
Furniture and Fixtures
·
Office Equipments
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 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.54.17 |
|
|
1 |
Rs.82.99 |
|
Euro |
1 |
Rs.70.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--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 |
NO |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.