|
Report Date : |
05.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
KRISHI RASAYAN EXPORTS PRIVATE LIMITED |
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
09.10.1995 |
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Com. Reg. No.: |
21-074696 |
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Capital
Investment / Paid-up Capital : |
Rs.18.000
millions |
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CIN No.: [Company Identification
No.] |
U24219WB1995PTC074696 |
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|
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PAN No.: [Permanent Account No.] |
AACCK4124G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Pesticides/Insecticides. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 7469000 |
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having fine track record. Latest
financial i.e. 2011-12 are missing with the Government Department. From the
previous year record, it seems that there appears some dip in the
profitability of the company. However, networth of the company is
satisfactory. General financial position of the company is good. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Letter of Credit: A2+ |
|
Rating Explanation |
Strong degree of safety it carry low credit risk. |
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Date |
November 28, 2012 |
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Rating Agency Name |
CRISIL |
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Rating |
Cash Credit: A- |
|
Rating Explanation |
Adequate degree of safety it carry low credit risk. |
|
Date |
November 28, 2012 |
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/ Head Office : |
|
|
Tel. No.: |
91-33-22875730/ 22875731/ 22839454/ 22839455 |
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Fax No.: |
91-33-22871436 |
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E-Mail : |
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Website : |
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Area : |
2000 sq. ft. |
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Location : |
Owned |
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Corporate Office : |
1115, Hemkunt (Modi) Tower, 98, |
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Tel. No. : |
91-11-30885555/ 6/ 7 |
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Fax No. : |
91-11-30885559 |
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Factory 1 : |
1st |
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Tel. No.: |
91-923-243061/ 2433661 |
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Area : |
30000 sq. ft. |
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Location : |
Leased |
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Factory 2 : |
Plot No.170, Industrial Estate, Baddi, |
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Area : |
35000 sq. ft. |
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Location : |
Leased |
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Factory 3 : |
820/803, The Corporate Centre, Nirmal Lifestyle, L.B.S. Marg. Mulund
(West), Mumbai – 400 080, |
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Tel. No.: |
91-22-2592-4782 |
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Fax No.: |
91-22-2592-4781 |
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Factory 4 : |
Bela Industrial Estate, Mujaffarpur – 843 116, |
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Tel. No.: |
91-621-2276249 |
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Fax No.: |
91-621-2274581 |
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Factory 5 : |
At Maitappuur, P.O. Ranital, District Balasore – 756 111, |
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Tel. No.: |
91-6784-265984/ 094370-602861 |
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Fax No.: |
91-6784-265995 |
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Factory 6 : |
Solid Waste Management Projects, Belia Panda, Puri – 752
001, |
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Tel. No.: |
91-6752-231370/ 093385-445891 |
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Fax No.: |
91-6752-233988 |
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Branch Office : |
Located
at: v
v
v
Haryana – Sirsa v
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DIRECTORS
As on 12.09.2012
|
Name : |
Mr. Atul Churiwal |
|
Designation : |
Managing Director |
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Address : |
4, |
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Date of Birth/Age : |
23.12.1963 |
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Qualification : |
BSC Agricultural |
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Date of Appointment : |
09.10.1995 |
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DIN No.: |
00180595 |
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Name : |
Mr. Rajesh Kumar Agarwal |
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Designation : |
Whole Time Director |
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Address : |
S-171, Greater Kailash II, |
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Date of Birth/Age : |
28.09.1969 |
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Qualification : |
BE., Agricultural |
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Date of Appointment : |
12.08.1997 |
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DIN No.: |
00210719 |
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Name : |
Mr. Atmaram Sonthalia |
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Designation : |
Director |
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Address : |
DA/73, |
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Date of Birth/Age : |
23.09.1934 |
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Date of Appointment : |
06.09.2002 |
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DIN No.: |
00004611 |
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|
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Name : |
Mr. Bimal Kumar |
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Designation : |
Director |
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Address : |
Mithanpura, Muzaffarpur – 842 001, |
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Date of Birth/Age : |
17.07.1956 |
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Qualification : |
B. Com |
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Date of Appointment : |
06.09.2002 |
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DIN No.: |
00434470 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 12.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Atul Churiwal |
|
264000 |
|
Sangita Churiwal |
|
720000 |
|
Lakhpat Rai Agarwala |
|
225000 |
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Sushil Kumar Agarwal |
|
438750 |
|
Rajesh Kumar Agarwal |
|
429000 |
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Savitri Devi Agarwal |
|
112500 |
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K.C. Jain |
|
6000 |
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Vandan Churiwal |
|
495000 |
|
Ritu Agarwal |
|
9750 |
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Total |
|
2700000 |
As on 12.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
99.30 |
|
Other
top fifty shareholders |
|
0.70 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Pesticides/Insecticides. |
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Products : |
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PRODUCTION STATUS (AS ON 31.03.2011)
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Particulars |
2010-11 |
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Licensed and installed capacity per annum |
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Dust and Granules |
13400 MT |
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Liquid |
9200 KL |
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Production Qty.(Ltr./Kg) |
14220517 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
v ICICI Bank
Limited, v
ICICI Bank Limited, R.N. Mukherjee Branch v
Barclays Bank, v
Punjab National Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Jain Sarawgee and Company Chartered Accountants |
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Address : |
32A, |
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Income-tax
PAN of auditor or auditor's firm : |
AIQPS7773N |
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|
|
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Subsidiary Companies : |
v
Truly Pest Solution Private Limited (CIN No.:
U51109WB2009PTC135610) v
Krish Biotech Research Private Limited (CIN No.:
U74999WB2007PTC116917) |
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|
|
|
Other Related Parties in which key managerial personnel or their
relatives have significant influence : |
v
Agro Life Science Corporation v
v
Globe Agritech Private Limited v
Krishi Rasayan v
v
Parmanand Churiwal Smriti Trust v
P.R Churiwal Lok Kalyan Trust v
Primerose Vinimay Private Limited v
Vandan Hydrochem Private Limited v
Wegmans Constructions Private Limited v
Artha Infratech Private Limited v
Krepl (HK) Limited |
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|
|
CAPITAL STRUCTURE
As on 12.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2700000 |
Equity Shares |
Rs.10/- each |
Rs.27.000
millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1800000 |
Equity Shares |
Rs.10/- each |
Rs.18.000
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 |
18.000 |
18.000 |
18.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1849.130 |
1523.245 |
1224.784 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1867.130 |
1541.245 |
1242.784 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1055.540 |
657.395 |
445.825 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.442 |
|
|
TOTAL BORROWING |
1055.540 |
657.395 |
446.267 |
|
|
DEFERRED TAX LIABILITIES |
5.874 |
6.903 |
2.889 |
|
|
|
|
|
|
|
|
TOTAL |
2928.544 |
2205.543 |
1691.940 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
199.068 |
164.390 |
128.984 |
|
|
Capital work-in-progress |
32.852 |
24.254 |
18.687 |
|
|
|
|
|
|
|
|
INVESTMENT |
55.485 |
39.299 |
6.239 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1112.711
|
731.598
|
582.056
|
|
|
Sundry Debtors |
1202.866
|
1195.767
|
746.650
|
|
|
Cash & Bank Balances |
74.567
|
115.860
|
156.674
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
611.594
|
502.302
|
503.034
|
|
Total
Current Assets |
3001.738
|
2545.527 |
1988.414
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
240.224
|
472.730 |
350.280 |
|
|
Other Current Liabilities |
98.079
|
68.187
|
69.242
|
|
|
Provisions |
22.296
|
27.010
|
30.862
|
|
Total
Current Liabilities |
360.599
|
567.927
|
450.384 |
|
|
Net Current Assets |
2641.139
|
1977.600
|
1538.030
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2928.544 |
2205.543 |
1691.940 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
TOTAL TURNOVER |
4739.813 |
3605.038 |
3065.815 |
|
|
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
379.233 |
413.251 |
354.608 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
100.931 |
102.354 |
10.876 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
278.302 |
310.897 |
343.732 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1276.393 |
1018.090 |
726.993 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend including dividend tax |
12.552 |
12.594 |
12.635 |
|
|
|
Transfer to General Reserve |
40.000 |
40.000 |
40.000 |
|
|
BALANCE CARRIED
TO THE B/S |
1502.143 |
1276.393 |
1018.090 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports (including highseas) |
NA |
107.307 |
47.242 |
|
|
TOTAL EARNINGS |
NA |
107.307 |
47.242 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchase (including highseas) |
1762.929 |
1238.224 |
895.473 |
|
|
TOTAL IMPORTS |
1762.929 |
1238.224 |
895.473 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
154.61 |
172.72 |
190.96 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.85
|
15.25 |
16.75
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.27 |
0.29
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.57
|
0.43 |
0.36
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.32
|
4.48 |
4.41
|
LOCAL AGENCY FURTHER INFORMATION
|
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 |
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 |
Yes |
|
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 |
No |
|
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 |
Yes |
PERFORMANCE
OF THE COMPANY
The overall performance of the
Company has improved further during the financial year 2010-11. The total
turnover has reached Rs.4739.813 millions as against Rs.3605.038 millions in
the previous year, thus achieving a growth of more than 30%. The Company has
achieved Profit before Tax of Rs.278.302 millions as against Rs.310.897
millions during the financial year 2010-11. The Excise Duty refund of Rs.55.947
millions and interest subsidy received Rs.4.338 millions at Samba Jammu factory
which is capitalized as per legal advice and as such profit is lower to that
extent.
EXPANSION
AND MODERNISATION
The Company is setting up a
The laboratory at Kalyani in the
State of
CONTINGENT LIABILITIES NOT PROVIDED FOR IN RESPECT
OF (AS ON 31.03.2011):
a) Letters of
Credit opened by bankers but goods pending for shipment/under overseas transit
of Rs.68.238 millions.
b) Corporate
guarantee given to a bank for Rs.85.000 millions in favour of Partnership firm
and for US$ 2 million in favour of a company towards credit facilities
extended.
c) Bank guarantee
given to Sales Tax Authorities for Rs.0.200 millions in favour of Assessing
Authority, Sirsa (Haryana) as surety.
d) Arrear of
electricity of BSEB Rs.3.579 millions for excess load of which case pending in
Honourable High Court of Patna.
e) Disputed Sales
tax, interest and penalty Rs.1.554 millions against which amount deposited
Rs.0.274 million of which cases are pending with Commissioner/Deputy
Commissioner appeals.
f) i) Show cause
notices issued by Excise Department, Jammu for excess refund of duty including
penalty Rs.153.338 millions claimed and obtained for the period 2005-06 to
2008-09 under Notification No.56/2002-CE dated 14.11.2002 (as amended).
ii) Show cause
notices issued by Excise Department, Chandigarh/Shimla for Rs.34.933 millions
mainly towards Cenvat wrongly claimed by Baddi Unit, against duty paid in cash
by
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U24219WB1995PTC074696 |
|
Name of the
company |
KRISHI RASAYAN EXPORTS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
E-Mail: kr@krishrasayan.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10231610 |
|
Type of charge |
Immovable
Properties Book Debts Movable Property
(not being pledge) Others (Other
current assets and block of assets) |
|
Particular of
charge holder |
CIN No.:
L65190GJ1994PLC021012 ICICI Bank
Limited, E-Mail: shabina.khan@icicibank.com |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental and Amendatory
Agreement |
|
Date of
instrument Creating the charge |
12.12.2012 |
|
Amount secured by
the charge |
Rs.1360.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: As agreed Terms of
Repayment: On demand / due
dates Margin: As agreed Others: The above is to
secure the CC of Rs.440.000 millions, WCDL (sub limit of CC) Rs.440.000
millions, Buyers Credit (sublimit of cc) Rs.440.000 millions, WCDL (FC) Rs.70.000 millions, Buyers Credit
(sub limit of WCDL(FC)) Rs.70.000 millions, Export Bill Negotiation
(sub-limit of cc) Rs.35.000 millions, Buyer Credit (sub-limit of LC)
Rs.850.000 millions, LC Rs.850.000 millions, LC (Sublimit of CC) Rs.440.000
millions, LC ( as sublimit of WCDL (FC) Rs.70.000 millions, BG (sub-limit of
LC) Rs.10.000 millions and Short Term Loan (One time) (sub limit of Cash
credit) total limit is Rs.1360.000 millions. |
|
Short particulars
of the property charged |
First charge in favour
of the Bank by way of hypothecation of entire stocks of raw materials,
semi-finished and finished goods, consumable stores and spares and such other
movables including book-debts, bills whether documentary or clean,
outstanding monies, receivables, both present and future,, ranking pari passu
with other banks Hypothecation of
Movable Assets except those financed by other Banks and Institution, ranking
pari passu with other participating banks. Hypothecation of
Block of Assets of the Unit of the company at shed no. A2, A3 at Bela
Industrial Area Muzaffarpur, ranking pari passu with other participating
banks Equitable
Mortgage of the back Part of the Shed No.A1, A2, A3 and A4 at Industrial
Estate, Bela Chapra, Muzzarffarpur ( Equitable
Mortgage of the Plot No.168, measuring 1200 sq metres and hypothecation of
Plant and Machinery at Industrial Area Baddi ranking pari passu with other
banks Equitable
Mortgage of the Equitable
Mortgage of Flat No.915 and Flat No.1155, Equitable
Mortgage of Office Space No.215, IInd Floor, Lal Bungalow, MCH No.6-2-862/A,
Amerpeet, Equitable
mortgage of Apartment No.7, measuring 812 sq feet, Chintels House, |
|
Date of latest
modification prior to the present modification |
06.09.2012 |
|
Particulars of
the present modification |
Short Term Loan
(One time) of Rs.250.000 millions has been sanctioned as a sub-limit of Cash Credit.
The security has
been extended to cover the sub limit. All other terms
and conditions remained the same. |
FIXED ASSETS:
v
Land and Land Improvements
v
v
v
Plant and Machinery
v
Office Equipments
v
Computer Equipments
v
Furniture and Fixtures
v
Vehicles
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.52.97 |
|
|
1 |
Rs.83.17 |
|
Euro |
1 |
Rs.72.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
52 |
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.