|
Report Date : |
03.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHREE TIRUPATI BALAJI AGRO TRADING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No-192, Sector-1, Pithampur, Dhar – 454775, Madhya Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
23.10.2001 |
|
|
|
|
Com. Reg. No.: |
10 - 014855 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 14.966 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U2520MP2001PTC014855 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLS05580B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCS3449G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of PP Products |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 610000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record.
Latest financials i.e. 2011-12 are missing from the government department.
From the available financial of 2011 it seems that the profitability of the
company appears to be low. Also the company has recorded huge external
borrowings. However, trade relations are reported as fair. Business is
active. Payments are reported to slow but correct. The company can considered for business dealings with some cautions. |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BB (Cash Credit) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
24.02.2011 |
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 / Factory : |
Plot No-192, Sector-1, Pithampur, Dhar – 454775, Madhya Pradesh, India |
|
Tel. No.: |
91-7292-417750-79 (EPBX) |
|
Mobile No.: |
91-9752596104 |
|
Fax No.: |
91-7292-417761 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
321 / 418 – 421, Rafael Tower 8 / 2, Old Palasta, Indore - 452016,
Madhya Pradesh, India |
|
Tel. No.: |
91-731-4061957 / 4217400-30 (EPBX) |
|
Fax No.: |
91-731-4069782 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Bindoo Kumar Agarwal |
|
Designation : |
Whole-time Director |
|
Address : |
203, Samyak Tower,16/3, Old Palasia, Indore – 452001, Madhya Pradesh,
India |
|
Date of Birth/Age : |
04.02.1964 |
|
Date of Appointment : |
29.10.2001 |
|
DIN No.: |
00322536 |
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 |
U25204MP2001PTC014855 |
SHREE TIRUPATI BALAJEE
AGRO TRADING COMPANY PRIVATE LIMITED |
Whole-time
director |
29/10/2001 |
29/10/2001 |
- |
Active |
NO |
|
2 |
U67120MP2002PTC015201 |
ANANT TREXIM
PRIVATE LIMITED |
Whole-time
director |
05/08/2002 |
05/08/2002 |
- |
Active |
NO |
|
3 |
U25199MP2004PTC016499 |
JAGANNATH
PLASTICS PRIVATE LIMITED |
Whole-time
director |
26/03/2004 |
26/03/2004 |
- |
Active |
NO |
|
4 |
U67120MP1995PTC009952 |
SWARNAJYOT
FINVEST PRIVATE LIMITED |
Director |
12/11/2005 |
12/11/2005 |
01/09/2010 |
Active |
NO |
|
5 |
U63012MP2008PTC020933 |
SKY LOGISTICS
PRIVATE LIMITED |
Managing
director |
17/07/2008 |
17/07/2008 |
24/09/2012 |
Active |
NO |
|
6 |
U51109WB2007PTC112924 |
NAGESHWAR
VINIMAY PRIVATE LIMITED |
Director |
10/04/2010 |
10/04/2010 |
- |
Active |
NO |
|
7 |
U25202MP2009PTC022526 |
SHREE TIRUPATI
BALAJEE FIBC PRIVATE LIMITED |
Director |
06/09/2010 |
06/09/2010 |
- |
Active |
NO |
|
8 |
U25202MP2010PTC023075 |
HONOURABLE
PACKAGING PRIVATE LIMITED |
Director |
08/09/2010 |
08/09/2010 |
- |
Active |
NO |
|
9 |
U51101WB2010PTC145478 |
CRAZY DEALCOM
PRIVATE LIMITED |
Director |
13/05/2011 |
29/10/2010 |
- |
Active |
NO |
|
10 |
U51101WB2010PTC145452 |
HASTE VINTRADE
PRIVATE LIMITED |
Director |
13/05/2011 |
29/10/2010 |
- |
Active |
NO |
|
11 |
U70101MP2012PTC028078 |
ABA REALBUILD
PRIVATE LIMITED |
Director |
26/03/2012 |
26/03/2012 |
- |
Active |
NO |
|
Name : |
Ms. Sunita Agarwal |
|
Designation : |
Director |
|
Address : |
203, Samyak Tower,16/3, Old Palasia, Indore – 452001, Madhya Pradesh,
India |
|
Date of Birth/Age : |
26.06.1966 |
|
Date of Appointment : |
23.10.2001 |
|
DIN No.: |
00322594 |
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 |
U25204MP2001PTC014855 |
SHREE TIRUPATI BALAJEE
AGRO TRADING COMPANY PRIVATE LIMITED |
Director |
23/10/2001 |
23/10/2001 |
- |
Active |
NO |
|
2 |
U67120MP2002PTC015201 |
ANANT TREXIM
PRIVATE LIMITED |
Director |
05/08/2002 |
05/08/2002 |
- |
Active |
NO |
|
3 |
U25199MP2004PTC016499 |
JAGANNATH PLASTICS
PRIVATE LIMITED |
Director |
19/07/2004 |
19/07/2004 |
- |
Active |
NO |
|
4 |
U67120MP1995PTC009952 |
SWARNAJYOT
FINVEST PRIVATE LIMITED |
Director |
12/11/2005 |
12/11/2005 |
01/09/2010 |
Active |
NO |
|
5 |
U63012MP2008PTC020933 |
SKY LOGISTICS PRIVATE
LIMITED |
Director |
17/07/2008 |
17/07/2008 |
24/09/2012 |
Active |
NO |
|
6 |
U72200MP2009PTC022697 |
VINITA SOFTWARE
PRIVATE LIMITED |
Director |
20/11/2009 |
20/11/2009 |
- |
Active |
NO |
|
7 |
U17300MP2009PTC022696 |
ANANT TEXTILES PRIVATE
LIMITED |
Director |
20/11/2009 |
20/11/2009 |
- |
Active |
NO |
|
8 |
U25202MP2010PTC023075 |
HONOURABLE
PACKAGING PRIVATE LIMITED |
Director |
18/06/2010 |
11/02/2010 |
- |
Active |
NO |
|
9 |
U25202MP2010PTC023067 |
AGROLIN TARPOLINE
PRIVATE LIMITED |
Director |
11/02/2010 |
11/02/2010 |
- |
Active |
NO |
|
10 |
U51109WB2007PTC112924 |
NAGESHWAR
VINIMAY PRIVATE LIMITED |
Director |
10/04/2010 |
10/04/2010 |
- |
Active |
NO |
|
11 |
U25202MP2009PTC022526 |
SHREE TIRUPATI BALAJEE
FIBC PRIVATE LIMITED |
Director |
06/09/2010 |
06/09/2010 |
- |
Active |
NO |
|
12 |
U51101WB2010PTC145478 |
CRAZY DEALCOM
PRIVATE LIMITED |
Director |
13/05/2011 |
29/10/2010 |
- |
Active |
NO |
|
13 |
U51909WB2008PTC123185 |
SUHANA TRADELINKS
PRIVATE LIMITED |
Director |
13/05/2011 |
29/10/2010 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Sunita Agrawal |
85308 |
|
Pawan Kumar Agrawal |
35 |
|
Binod Kumar Agrawal |
7816 |
|
Surendra Patwa |
63 |
|
Nageshwar Vinimay |
295513 |
|
Anant Tresim Private Limited, Madhya Pradesh, India |
423291 |
|
Jagannath Plastics Private Limited, Madhya Pradesh, India |
395106 |
|
Honourable Packaging Private Limited, Madhya Pradesh, India |
175000 |
|
Vinita Software Private Limited, Madhya Pradesh, India |
65000 |
|
Anant Textiles Private Limited, Madhya Pradesh, India |
49500 |
|
|
|
|
TOTAL
|
1496632 |
List of Allottees
AS ON 17.12.2012
|
Names of Allottees |
No. of Shares
Allotted |
|
Suhana Tradelink Private Limited, Kolkata |
45455 |
|
Anant Trexim Private Limited, Indore |
45455 |
|
|
|
|
TOTAL |
90910 |
AS ON 31.03.2012
|
Names of Allottees |
No. of Shares
Allotted |
|
Honourable Packaging Private Limited, Indore |
40000 |
|
Jagannath Plastic Private Limited, Indore |
60000 |
|
|
|
|
TOTAL |
100000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
93.77 |
|
Directors or relatives of Directors |
6.23 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of PP Products |
|
|
|
|
Products : |
·
Plastic Bags ·
Plastic Fabrics |
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Tape |
M.T. |
6600 |
6600 |
6672.42 |
|
Fabric |
M.T. |
6600 |
6600 |
5740.46 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bank: |
·
Bank of India, R.N.T. Marg Branch, Silver Mall,
RNT Marg, Inore-452001, Madhya Pradesh, India Email-ID : palasia.indore@bankofindia.co.in ·
Bank of India Sanyogitaganj Branch, 203, samyak
Tower Old Palasia Inore-452001, Madhya Pradesh, Indi ·
CITI Bank ·
HDFC Bank |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
ABN and Company Chartered Accountant |
|
Address : |
223, Milind Manore, 2, RNT Marg, Indore – 452001, Madhya Pradesh,
India |
|
|
|
|
Other Related Parties : |
·
Anant Tresxim Private Limited ·
Jagannath Plastics Private Limited ·
Sky Logistics Private Limited ·
M/s Narmada Marketing ·
Shree Tirupati Balajee FIBC Private Limited ·
Anant Textiles Private Limited ·
Vinita Software Private Limited ·
Honourable Packaging Private Limited ·
Nageshwar Vinimay Private Limited ·
Agroline Tarpoline Private Limited |
CAPITAL STRUCTURE
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 |
|
|
|
|
|
|
11446320 |
Equity Shares |
Rs.10/- each |
Rs. 11.146
Millions |
After 29.09.2012
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 |
|
|
|
|
|
|
1687542 |
Equity Shares |
Rs.10/- each |
Rs. 16.875
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 |
11.146 |
11.146 |
8.236 |
|
|
2] Share Application Money |
37.926 |
3.026 |
0.026 |
|
|
3] Reserves & Surplus |
104.869 |
99.301 |
65.898 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
153.941 |
113.473 |
74.160 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
158.635 |
147.486 |
110.348 |
|
|
2] Unsecured Loans |
8.151 |
6.704 |
8.766 |
|
|
TOTAL BORROWING |
166.786 |
154.190 |
119.114 |
|
|
DEFERRED TAX LIABILITIES |
3.570 |
3.090 |
2.751 |
|
|
|
|
|
|
|
|
TOTAL |
324.297 |
270.753 |
196.025 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
70.135 |
70.988 |
57.095 |
|
|
Capital work-in-progress |
16.743 |
6.189 |
2.451 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
216.346
|
142.530 |
75.252 |
|
|
Sundry Debtors |
81.924
|
75.951 |
55.506 |
|
|
Cash & Bank Balances |
9.366
|
10.358 |
7.699 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
39.179
|
46.165 |
29.008 |
|
Total
Current Assets |
346.815
|
275.004 |
167.465 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
78.251
|
68.284 |
23.750 |
|
|
Other Current Liabilities |
24.324
|
6.660 |
4.021 |
|
|
Provisions |
6.821
|
6.484 |
3.215 |
|
Total
Current Liabilities |
109.396
|
81.428 |
30.986 |
|
|
Net Current Assets |
237.419
|
193.576 |
136.479 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
324.297 |
270.753 |
196.025 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
784.896 |
511.352 |
428.870 |
|
|
|
Other Income |
6.121 |
3.388 |
0.726 |
|
|
|
TOTAL (A) |
791.017 |
514.740 |
429.596 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumed |
691.750 |
437.709 |
355.142 |
|
|
|
Employee Benefit |
26.411 |
17.349 |
10.118 |
|
|
|
Manufacturing and other expenses |
97.275 |
67.663 |
49.403 |
|
|
|
Provision for Gratuity |
(0.146) |
0.118 |
0.040 |
|
|
|
Increase and Decrease in inventories |
(66.748) |
(41.817) |
(12.408) |
|
|
|
TOTAL (B) |
748.542 |
481.022 |
402.295 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
42.475 |
33.718 |
27.301 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
24.182 |
18.113 |
16.848 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
18.293 |
15.605 |
10.453 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
9.793 |
8.086 |
6.539 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
8.500 |
7.519 |
3.914 |
|
|
|
|
|
|
|
|
|
Less |
Prior Period
Adjustment(Income)/Expenses |
0.336 |
(1.125) |
(0.408) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.596 |
2.932 |
1.599 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
5.568 |
5.712 |
2.723 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
18.137 |
12.425 |
9.701 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
23.705 |
18.137 |
12.424 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
342.297 |
201.514 |
215.595 |
|
|
TOTAL EARNINGS |
342.297 |
201.514 |
215.595 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
156.211 |
25.930 |
3.751 |
|
|
|
Capital Goods |
0.000 |
0.000 |
0.557 |
|
|
TOTAL IMPORTS |
156.211 |
25.930 |
4.308 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
5.00 |
5.13 |
4.06 |
|
|
|
Diluted |
5.00 |
5.13 |
4.06 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.70
|
1.11 |
0.63 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.08
|
1.47 |
0.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.04
|
2.17 |
1.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.07 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.71
|
0.72 |
0.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.17
|
3.38 |
5.40 |
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 |
No |
|
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 |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
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 |
FORM 8
|
Corporate
identity number of the company |
U2520MP2001PTC014855 |
|
Name of the
company |
SHREE TIRUPATI BALAJI AGRO TRADING COMPANY PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Plot No-192, Sector-1, Pithampur, Dhar – 454775, Madhya Pradesh, India |
|
This form is for |
Modification of
charge |
|
Charge identification
number of the charge to be modified |
10039903 |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge ·
Others |
|
Particular of
charge holder |
Nationalized
Bank, |
|
Nature of
instrument creating charge |
Sanction Letter Supplemental deed
of hypothecation. Deed of
guarantee. |
|
Date of
instrument Creating the charge |
05.04.2012 |
|
Amount secured by
the charge |
Rs.280.300
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest Adhoc working
capital limit: 3.50% over base rate minimum 14.25%. Other terms as
per sanction letter dt 05.04.12 and agreements. Terms of repayment Increased cc
limit : on demand. Upto 90 days. (renewable in one year) As per sanction
letter and agreement. Margin 25% As per sanction
letter and agreement. Extent and operation of the charge Charge shall operate
against hypothecation of current assets including stocks both present and
future and all present and future book debts. Other terms and
conditions as per sanction letter and agreement. Other Other terms and
conditions as per the sanction letter and agreement. Em on factory
land and building. |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of
current assets including stocks both present and future and all present and
future book debts of the company. |
|
Date of
instrument modifying the charge |
27.07.2011 |
|
Particulars of
the present modification |
Sanction of new
Adhoc Working Capital limit of Rs. 20.000 Millions Now new overall limit
increased to Rs. 280.300 Millions Hypothecation of Current
assets including stocks and book debts. |
FIXED ASSETS
·
Buildings
·
Plant and Machinery
·
Electrical Machines
·
Computers
·
Office Equipment
·
Furniture and Fixture
·
Motor Car
·
Motor Cycle
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.54.39 |
|
|
1 |
Rs.88.76 |
|
Euro |
1 |
Rs.72.19 |
INFORMATION DETAILS
|
Report Prepared
by : |
SPR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
31 |
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.