|
Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
R.B. COLOUR COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1402/2, Sadabad Gate, Hathras – 204 101, Uttar Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.06.2000 |
|
|
|
|
Com. Reg. No.: |
20-025474 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.2.552
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24299UP2000PTC025474 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Holi
Colors, Herbal Holi Color, etc. |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 23000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There appears some dip in the turnover during 2012. The profit margin
is low. However, trade relations are fair. Business is active. Payment terms
are 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Shantanu
Garg |
|
Designation : |
Director |
|
Contact No.: |
91-9891676762 |
|
Date : |
22.06.2013 |
LOCATIONS
|
Registered Office : |
1402/2, Sadabad Gate, Hathras – 204 101, Uttar Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9891676762 (Mr. Shantanu Garg) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Guriha Wala Pech, Hathras – 204 101, Uttar Pradesh, India |
|
Tel. No.: |
91-5722-320350/ 320351 |
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Shyam Bihari Agrawal |
|
Designation : |
Director |
|
Address : |
Nai Kothi No.2, Sadabad Gate, Hathras – 204 101, Uttar Pradesh, India |
|
Date of Birth/Age : |
05.05.1960 |
|
Date of Appointment : |
20.06.2000 |
|
DIN No.: |
00653651 |
|
|
|
|
Name : |
Mr. Ratan Behari Agrawal |
|
Designation : |
Director |
|
Address : |
Nai Kothi No.2, Sadabad Gate, Hathras – 204 101, Uttar Pradesh, India |
|
Date of Birth/Age : |
10.06.1967 |
|
Date of Appointment : |
20.06.2000 |
|
DIN No.: |
00653692 |
|
|
|
|
Name : |
Mr. Shantanu Garg |
|
Designation : |
Director |
|
Address : |
1402/2, Sadabad Gate, Hathras – 204 101, Uttar Pradesh, India |
|
Date of Birth/Age : |
10.01.1988 |
|
Date of Appointment : |
30.08.2011 |
|
DIN No.: |
01910597 |
|
|
|
|
Name : |
Mr. Manu Garg |
|
Designation : |
Director |
|
Address : |
1402/2, Sadabad Gate, Hathras – 204 101, Uttar Pradesh, India |
|
Date of Birth/Age : |
21.11.1983 |
|
Date of Appointment : |
29.05.2008 |
|
DIN No.: |
01910609 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Shyam Bihari Agarwal |
|
2600 |
|
Ratan Behari Agarwal |
|
2600 |
|
Shalini Agarwal |
|
2500 |
|
Shyam Bihari Agarwal and Sons HUF |
|
2500 |
|
New Light Bio Technology |
|
80000 |
|
Annapurna Stores Private Limited, India |
|
40000 |
|
Pawan Kumar Varshney |
|
20000 |
|
Axis Relecon Private Limited, India |
|
40000 |
|
Prite Saini, India |
|
16000 |
|
Sapphire Commercial Private Limited, India |
|
24000 |
|
Gautam Buddh Infrastructure Private Limited, India |
|
12500 |
|
Jatin Wadhera |
|
12500 |
|
Total
|
|
255200 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
76.99 |
|
Directors
or relatives of directors |
|
23.01 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Holi
Colors, Herbal Holi Color, etc. |
|
|
|
|
Products : |
·
Holi Color ·
Holi Colour Paste
·
Cock Holi Colour Paste ·
Murga Gulal ·
Murga Herbal Gulal
·
Murga Rooh ·
Rang Murga Colour Spray ·
Sona Chandi Rang
·
Gift Pack ·
Magic Pichkari ·
Liquid Colour ·
Murga Paste |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Agra-Agrawal Bag House ·
Agra-Fast track Laminators ·
Ahmedabad-Anjani Industries ·
Delhi-J.K. Aromatics and Perfumers ·
Hathras-Sai Polymers ·
Kolkata-Aroma Industries ·
Hathras-The Gokul Printing Press ·
Lucknow-Synthetic Aroma ·
Kannauj-J.K. Fragrances |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Customers : |
Others ·
Ambala Cantt-Laxmi Traders ·
Bhopal-Ambika Fire Works ·
Bhopal-Vijay Agency ·
Dhar-Girraj Traders ·
Indore-Hari Ram Son’s ·
Indore-M.K. Traders ·
Kota-Jain and Company ·
Indore-Sri Pritam Agency ·
Bhopal-Sunil General Store |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
25 (Approximately) |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
Bank of Baroda, Chakki Bazar, Hathras – 204 101,
Uttar Pradesh, India ·
Punjab National Bank ·
ICICI Bank Limited |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Praveen Jain and Associates Chartered Accountants |
|
Address : |
Shyam Dal Mill Compound, Near Bijlighar Sub Station No.3, Navipur
Road, Hathras – 204 101, Uttar Pradesh, India |
|
Tel. No.: |
91-5722-230149/ 325491 |
|
Mobile No.: |
91-9837789368 |
|
PAN No: |
ALDPJ4977B |
CAPITAL STRUCTURE
AS ON 29.09.2012
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 |
|
255200 |
Equity Shares |
Rs.10/- each
|
Rs.2.552
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2.552 |
2.552 |
2.302 |
|
(b) Reserves & Surplus |
3.114 |
2.974 |
2.071 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
5.666 |
5.526 |
4.373 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
13.784 |
10.887 |
4.360 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
13.784 |
10.887 |
4.360 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
12.858 |
10.883 |
5.661 |
|
(c) Other
current liabilities |
0.932 |
1.155 |
0.563 |
|
(d) Short-term
provisions |
0.031 |
0.045 |
0.032 |
|
Total Current
Liabilities (4) |
13.821 |
12.083 |
6.256 |
|
|
|
|
|
|
TOTAL |
33.271 |
28.496 |
14.989 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
17.448 |
17.308 |
7.444 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
17.448 |
17.308 |
7.444 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
6.791 |
1.871 |
1.822 |
|
(c)
Trade receivables |
6.388 |
8.146 |
6.820 |
|
(d) Cash
and cash equivalents |
2.285 |
0.804 |
(1.237) |
|
(e)
Short-term loans and advances |
0.300 |
0.255 |
0.051 |
|
(f)
Other current assets |
0.059 |
0.112 |
0.089 |
|
Total
Current Assets |
15.823 |
11.188 |
7.545 |
|
|
|
|
|
|
TOTAL |
33.271 |
28.496 |
14.989 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
27.811 |
37.211 |
27.370 |
|
|
|
Other Income |
0.048 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
27.859 |
37.211 |
27.370 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
18.190 |
28.035 |
21.129 |
|
|
|
Employee Benefit Expenses |
4.400 |
4.657 |
3.296 |
|
|
|
Amortization of Preliminary Expenses |
0.016 |
0.016 |
0.016 |
|
|
|
Other Expenses |
2.101 |
2.623 |
1.826 |
|
|
|
TOTAL (B) |
24.707 |
35.331 |
26.267 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.152 |
1.880 |
1.103 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.871 |
0.656 |
0.533 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.281 |
1.224 |
0.570 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
1.109 |
1.017 |
0.397 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
0.172 |
0.207 |
0.173 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.045 |
0.063 |
0.041 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
0.127 |
0.144 |
0.132 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.50 |
0.56 |
0.57 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.46
|
0.39 |
0.48 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.62
|
0.56 |
0.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.52
|
1.85 |
1.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.04 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.43
|
1.97 |
1.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14
|
0.93 |
1.21 |
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 |
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 |
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 |
Yes |
|
18) Major customers |
Yes |
|
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 |
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 |
As
on 31.03.2012 (Rs.
in Millions) |
As
on 31.03.2011 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and
Advances from Relative Parties |
|
|
|
Anupam Bansal |
0.139 |
0.125 |
|
Mansi Bansal |
0.449 |
0.405 |
|
Manu Garg |
0.391 |
0.353 |
|
Manu Garg (C/o Vinayak Garg) |
0.071 |
0.064 |
|
Manya Garg |
0.152 |
0.956 |
|
Nishi Agrawal |
0.054 |
0.918 |
|
Ratan Behari (C/o Krtikey Garg) |
0.185 |
0.075 |
|
R.B. Agrawal |
0.269 |
0.000 |
|
R.B. and Sons HUF |
0.219 |
0.197 |
|
S.B. Agrawal |
0.292 |
0.021 |
|
S.B. Bros HUF |
1.712 |
0.945 |
|
S.B. and Sons HUF |
0.404 |
0.270 |
|
Shantanu Garg |
0.856 |
0.427 |
|
Total
|
5.193 |
4.756 |
FIXED ASSETS:
·
Plant and Machinery
·
Vehicles and Car
·
Building
·
Land
·
Computers
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.59.70 |
|
|
1 |
Rs.92.25 |
|
Euro |
1 |
Rs.78.38 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--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 |
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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.