1. Summary Information
|
Country |
|
||
|
Company Name |
Narayan Organics Private Limited |
Principal Name 1 |
Mehul Dahyabhai Patel |
|
Status |
Satisfactory |
Principal Name 2 |
Dhyabhai Narayandas Patel |
|
Registration # |
04-17951 |
||
|
Street Address |
Plot No. 1305/ 6/ A+B, Phase 4, GIDC Estate, Naroda, Ahemadabad -
382330, |
||
|
Established Date |
08.07.1992 |
SIC Code |
-- |
|
Telephone# |
91-79-22821099/ 22814789 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-79-22823572/ 25631830 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Copper Phthalocynine Blue |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.16,141,250/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies Corporate 26.72% Directors and Relatives of Directors 73.28 % |
Banking |
State Bank of |
|
Public Limited Corp. |
No |
Business Period |
21 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related
Parties |
|
Narayan Industries |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
436,560,000 |
Current Liabilities |
343,699,000 |
|
Inventories |
101,041,000 |
Long-term Liabilities |
104,399,000 |
|
Fixed Assets |
29,852,000 |
Other Liabilities |
10,776,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
458,874,000 |
|
Invest& other Assets |
4,928,000 |
Retained Earnings |
97,366,000 |
|
|
|
Net Worth |
113,507,000 |
|
Total Assets |
572,381,000 |
Total Liab. & Equity |
572,381,000 |
|
Total Assets (Previous Year) |
129,326,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
960,415,000 |
Net Profit |
10,588,000 |
|
Sales(Previous yr) |
778,596,000 |
Net Profit(Prev.yr) |
8,5682,000 |
MIRA INFORM REPORT
|
Report Date : |
01.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
NARAYAN ORGANICS PRIVATE LIMIED |
|
|
|
|
Registered
Office : |
Plot No. 1305/ 6/ A+B, Phase 4, GIDC Estate, Naroda, Ahemadabad -
382330, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
08.07.1992 |
|
|
|
|
Com. Reg. No.: |
04-017951 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.16.141 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110GJ1992PTC017951 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMN02915D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCN0460G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers of Phthalocyanines pigments
and Its Derivatives. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 454000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Performance of the company appears to be above average. Trade relation reported to be fair. Business is active. Payment terms
are reported to be usually correct. The company can be considered 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 – 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 |
INDIAN ECONOMIC OVERVIEW
India’s current
account deficit or CAD in April-June widened to 4.9 % of gross domestic product.
High imports of gold and oil led to a worsening of the trade deficit, resulting
in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9 billion in
the corresponding quarter of the previous financial year. The government aims
to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from 4.8 % or $ 88.2
billion in 2012/13.
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been named
the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
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 / Corporate Office
: |
Plot No. 1305/ 6/ A+B, Phase 4, GIDC Estate, Naroda, Ahemadabad -
382330, |
|
Tel. No.: |
91-79-22821099/ 22814789 |
|
Fax No.: |
91-79-22823572/ 25631830 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Plot No. 1107/1 and 2, G.I.D.C. Estate, Ankleshwar –
393002 District Bharuch, Gujarat |
|
Tel. No.: |
91-2646-253756/ 220517 / 222379 |
|
Fax No.: |
91-2646-252608 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Plot No. 1303/ 1-2 Phase 4, GIDC Estate, Naroda, Ahemadabad - 382330,
Gujarat, India |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Mehul Dahyabhai Patel |
|
Designation : |
Director |
|
Address : |
301-B, Shilalekh, Shahibaug, Ahmedabad –
380004, |
|
Date of Birth/Age : |
14.09.1985 |
|
Date of Appointment : |
01.05.2004 |
|
DIN No. : |
01338239 |
|
|
|
|
Name : |
Mr. Dhyabhai Narayandas Patel |
|
Designation : |
Director |
|
Address : |
301-B, Shilalekh, Shahibaug, Ahmedabad –
380004, |
|
Date of Birth/Age : |
01.05.1955 |
|
Date of Appointment : |
08.07.1992 |
|
DIN No. : |
01338509 |
|
|
|
|
Name : |
Mr. Purav Dahyabhai Patel |
|
Designation : |
Director |
|
Address : |
301-B, Shilalekh, Shahibaug, Ahmedabad –
380004, |
|
Date of Birth/Age : |
03.11.1991 |
|
Date of Appointment : |
24.06.2010 |
|
DIN No. : |
03107908 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Dhyabhai N Patel
|
268500 |
|
Vimlaben D Patel |
314100 |
|
Mehul D Patel |
301700 |
|
Dhyabhai N Patel , HUF |
133100 |
|
Purav D. Patel |
150000 |
|
Narayan Industries Private Limited |
231100 |
|
Rishabh Finstock and Consultancy Limited |
200000 |
|
Samir Patel |
15625 |
|
TOTAL
|
1614125 |
As on: 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
26.72 |
|
Directors or relatives of Directors |
73.28 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Phthalocyanine pigments and
Its Derivatives. |
|
|
|
|
Products : |
|
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Production/Inward |
|
Copper Phthalocynine Blue |
Qty. In M.T |
3245.935 |
|
Job Work |
Qty. In M.T |
33.000 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India, Laghu Udhyog Branch, Opposite
Gandhigram Railway Station, Ahmedabad – 380009, Gujarat, India ·
ICICI Bank ·
Bank of Baroda ·
Kotak Mahindra Bank ·
The Vijaya Co-operative Bank ·
Bank of Baroda |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
KPSJ and Associate Chartered Accountants |
|
Address : |
504/C Sahjanand Shopping Centre, Shahibaug, Gujarat – 380004, |
|
Tel No.: |
91-792-25621950/ 4627 |
|
Fax No.: |
91-9327014733 |
|
Email : |
|
|
PAN No.: |
AAGFK2924D |
|
|
|
|
Related Parties : |
|
CAPITAL STRUCTURE
As on: 31.03.2013
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 |
|
|
|
|
|
|
1614125 |
Equity Shares |
Rs.10/- each |
Rs.16.141 Millions |
|
|
|
|
|
RECONCILIATION OF NO OF SHARES
|
PARTICULARS |
As At March 31,
2013 |
|
|
Number of Shares
|
Amount In
Millions |
|
|
As at beginning of the year |
1614125 |
16.141 |
|
Add : Issued During the year |
-- |
-- |
|
Less : Shares Brought back / Redemption etc |
-- |
-- |
|
As at closing of
the year |
1614125 |
16.141 |
DETAILS OF SHAREHOLDING
|
PARTICULARS |
As At March 31,
2013 |
|
|
Number of Shares
|
Amount In
Millions |
|
|
Number of Shares held by Shareholders Holding More Than 5% Shares |
|
|
|
Dhanyabhai Patel |
268500 |
2.685 |
|
Vimlaben Patel |
314100 |
3.141 |
|
Mehul Patel |
301700 |
3.017 |
|
Dhayabhai Patel HUF |
133100 |
1.331 |
|
Purav Patel |
150000 |
1.500 |
|
NPL |
231100 |
2.311 |
|
Rishabh Finstock and Consultancy Limited |
200000 |
2.000 |
|
Samir Patel |
15625 |
0.156 |
|
TOTAL |
1614125 |
16.141 |
PARTICULARS OF NRI SHAREHOLDES TO WHOM DIVIDEND IS REMITTED
|
PARTICULARS |
31.03.2012 |
|
Amount of Final Dividend Remitted in Rs. |
|
|
No of Shareholders |
9 |
|
No of Shares Held |
1,614,125 |
|
Year / Period to Which Dividend Release |
-- |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
16.141 |
|
(b) Reserves & Surplus |
|
|
97.366 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
113.507 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
75.428 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term
provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
75.428 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
|
28.971 |
|
(b) Trade
payables |
|
|
331.801 |
|
(c) Other
current liabilities |
|
|
11.898 |
|
(d) Short-term
provisions |
|
|
10.776 |
|
Total Current
Liabilities (4) |
|
|
383.446 |
|
|
|
|
|
|
TOTAL |
|
|
572.381 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
|
29.852 |
|
(ii)
Intangible Assets |
|
|
0.000 |
|
(iii)
Capital work-in-progress |
|
|
2.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
2.928 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
21.140 |
|
(e) Other
Non-current assets |
|
|
0.060 |
|
Total Non-Current
Assets |
|
|
55.980 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
101.041 |
|
(c) Trade
receivables |
|
|
356.006 |
|
(d) Cash
and cash equivalents |
|
|
1.091 |
|
(e)
Short-term loans and advances |
|
|
55.760 |
|
(f) Other
current assets |
|
|
2.503 |
|
Total
Current Assets |
|
|
516.401 |
|
|
|
|
|
|
TOTAL |
|
|
572.381 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
16.141 |
16.141 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
87.261 |
80.574 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
103.402 |
96.715 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
5.900 |
12.869 |
|
|
2] Unsecured Loans |
|
20.024 |
1.709 |
|
|
TOTAL BORROWING |
|
25.924 |
14.578 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.384 |
|
|
|
|
|
|
|
|
TOTAL |
|
129.326 |
111.677 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
32.189 |
31.999 |
|
|
Capital work-in-progress |
|
4.247 |
6.517 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
2.926 |
2.726 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
Other non-current assets |
|
0.090 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
52.233
|
39.734
|
|
|
Sundry Debtors |
|
295.528
|
210.773
|
|
|
Cash & Bank Balances |
|
3.004
|
3.884
|
|
|
Other Current Assets |
|
4.544
|
0.000
|
|
|
Loans & Advances |
|
48.772
|
37.036
|
|
Total
Current Assets |
|
404.081
|
291.427 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
297.126
|
205.058
|
|
|
Other Current Liabilities |
|
8.781
|
5.056
|
|
|
Provisions |
|
8.300
|
10.998
|
|
Total
Current Liabilities |
|
314.207
|
221.112 |
|
|
Net Current Assets |
|
89.874
|
70.315
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.120 |
|
|
|
|
|
|
|
|
TOTAL |
|
129.326 |
111.677 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
960.415 |
778.596 |
|
|
|
|
Other Income |
NA |
NA |
|
|
|
|
TOTAL |
NA |
NA |
736.442 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Expenses |
|
|
717.205 |
|
|
|
Raw Material Consumed |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Increase/ Decrease in Stock |
|
|
|
|
|
|
Payment to Employees |
|
|
|
|
|
|
Selling And Distribution Expenses |
|
|
|
|
|
|
TOTAL |
|
|
717.205 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
NA |
NA |
(Including
Financial |
|
|
|
|
|
|
Charges
and |
|
|
Less |
FINANCIAL
EXPENSES |
|
|
Depreciation) |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
17.088 |
13.058 |
19.237 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.500 |
4.496 |
6.883 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
AND BEFORE EXTRA ORDINARY ITMES |
10.588 |
8.562 |
12.354 |
|
|
|
|
|
|
|
|
|
Less |
Excess/Shortfall
Provision Income Tax |
NA |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
AND AFTER EXTRA ORDINARY ITMES |
NA |
8.562 |
12.354 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
55.384 |
46.822 |
NA |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
NA |
0.000 |
NA |
|
|
|
Tax on Dividend |
NA |
0.000 |
NA |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
55.384 |
NA |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
6.007 |
49.842 |
17.572 |
|
|
TOTAL EARNINGS |
6.007 |
49.842 |
17.572 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
46.996 |
38.950 |
37.762 |
|
|
TOTAL IMPORTS |
46.996 |
38.950 |
37.762 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.29 |
5.30 |
7.70 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
1.68
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.78
|
1.68
|
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.01
|
2.99
|
5.95
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.13
|
0.20
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.92
|
0.25
|
0.15
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35
|
1.29
|
1.32
|
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 |
Yes |
|
17] |
Major
suppliers |
No |
|
18] |
Major
customers |
No |
|
19] |
Payments
terms |
Yes |
|
20] |
Export
/ Import details (if applicable) |
No |
|
21] |
Market
information |
---------------------- |
|
22] |
Litigations
that the firm / promoter involved in |
Yes |
|
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 |
LITIGATION DETAILS:
|
HIGH COURT OF
GUJARAT STAMP NUMBER NO.
1009 OF 2013 |
||||||||||||||||||||
|
Status: PENDING CCIN
No: 001087201301009 Last Listing Date: Coram: - |
||||||||||||||||||||
|
S.NO. |
Name of the
Petitioner |
Advocate On
Record |
||||||||||||||||||
|
1 |
COMMISSIONER OF INCOME TAX – AHMEDABAD - III |
MR. VARUN K. PATEL null - 1 |
||||||||||||||||||
|
S.NO. |
Name of the
Respondant |
Advocate On
Record |
||||||||||||||||||
|
1 |
NARAYAN ORGANICS PRIVATE LIMITED |
|
||||||||||||||||||
|
Presented On : 10.04.2013
Registered On : 10.04.2013 Bench Category: DIVISION BENCH District : AHMEDABAD Case Originated From : THROUGH ADVOCATE Listed : 5 times Stage Name : ADMISSION (FRESH
MATTERS) Classification
: DB – OJ – TAX APPEAL – INCOME TAX ACT,
1961 – APPEAL TO HIGH COURT – U/S 260
OF IT ACT – LONG
TERM CAPITAL GAIN – U/S 54EA Act
: INCOME-TAX ACT, 1961
Other Forums
|
||||||||||||||||||||
UNSECURED LOAN:
|
Particulars |
31.03.2013 [Rs.
in Millions] |
|
Long Term
Borrowing |
|
|
Loans and advance from related parties |
35.954 |
|
Other loan and advances |
39.474 |
|
|
|
|
TOTAL
|
75.428 |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
|
Long Term
Borrowings |
|
|
Deposits |
0.000 |
|
Loans and Advances from Related Parties |
20.024 |
|
Long Term Maturities of finance lease obligations |
0.000 |
|
Other Loans and Advances |
0.000 |
|
|
|
|
TOTAL |
20.024 |
INDEX CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10008914 |
15/03/2011 * |
60,000,000.00 |
STATE BANK OF INDIA |
LAGHU YDHYOG BRANCH, OPP. GANDHIGRAM
RAILWAY STATION,, AHMEDABAD, Gujarat - 380009, INDIA |
B08739930 |
|
2 |
90109870 |
18/08/2003 * |
17,000,000.00 |
STATE BANK OF INDIA |
SPL. COMMERCIAL BRANCH, GANDHIGRAM,
AHMEDABAD, Gujarat, INDIA |
- |
|
3 |
90109865 |
12/09/1998 |
17,000,000.00 |
STATE BANK OF INDIA |
LAGHU UDYOG BR., OPP. GANDHIGRAM RAILWAY
STATION, AHMEDABAD, Gujarat, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Computer
- Factory Building
- Factory Plant and Machinery
- Furniture
- Office Equipments
- Plant and Machinery
- Vehicles
- Scrap Stock
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 records 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.61.41 |
|
|
1 |
Rs.98.29 |
|
Euro |
1 |
Rs.84.12 |
INFORMATION DETAILS
|
Report Prepared by
: |
ANK |
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 |
6 |
|
--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 |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.