1. Summary Information
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Country |
|
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Company Name |
AMRIT FEEDS LIMITED |
Principal Name 1 |
MR. HARISH GAURI PRASAD BAGLA |
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Status |
Satisfactory |
Principal Name 2 |
MR. GAURI PRASAD BAGLA |
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|
|
Registration # |
21-064082 |
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Street Address |
158, Lenin Sarani, Kolkata – 700 013, |
||
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Established Date |
22.07.1994 |
SIC Code |
-- |
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Telephone# |
91-33-22159863 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-33-22366134 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
ANIMAL FEEDS |
|
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
-- |
|
Paid up capital |
RS.84,532,000/- |
Product Name 3 |
-- |
|
Shareholders |
BODIES CORPORATE-33.63% DIRECTORS OR RELATIVES OF DIRECTORS-66.37% |
Banking |
PUNJAB NATIONAL BANK |
|
Public Limited Corp. |
NO |
Business Period |
20 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (51) |
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Related
Company |
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Relation
|
Country
|
Company
Name |
CEO |
|
ASSOCIATES |
INDIA |
AMRICON AGROVET PRIVATE LIMITED |
-- |
|
Note |
-- |
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2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
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|
Current Assets |
1,935,934,000
|
Current Liabilities |
1483,176,000
|
|
Inventories |
715,007,000
|
Long-term Liabilities |
974,926,000 |
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Fixed Assets |
615,768,000 |
Other Liabilities |
235,843,000
|
|
Deferred Assets |
34,970,000 |
Total Liabilities |
2,693,945,000 |
|
Invest& other Assets |
168,784,000 |
Retained Earnings |
691,986,000 |
|
|
|
Net Worth |
776,518,000 |
|
Total Assets |
3,470,463,000 |
Total Liab. & Equity |
3,470,463,000 |
|
Total Assets (Previous Year) |
2,255,165,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
11,691,267,000 |
Net Profit |
218,643,000 |
|
Sales(Previous yr) |
8,847,950,000 |
Net Profit(Prev.yr) |
129,603,000 |
|
Report Date : |
08.02.2014 |
IDENTIFICATION DETAILS
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Name : |
AMRIT FEEDS LIMITED |
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Registered Office
: |
158, Lenin Sarani, Kolkata – 700 013, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
22.07.1994 |
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Com. Reg. No.: |
21-064082 |
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Capital Investment
/ Paid-up Capital : |
Rs.84.532
millions |
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|
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CIN No.: [Company Identification
No.] |
U15339WB1994PLC064082 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PTNA00552G |
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PAN No.: [Permanent Account No.] |
AACCA5571D |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is mainly engaged in the business of manufacture of Animal
Feeds. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 3100000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record. Management has seen a better increase in its sales volume as well as
net profitability during 2013. The general financial position of the company
appears to be decent. Trade relations are fair. Business is active. Payment terms are
reported as regular and as per commitments. In view of dominant position in the eastern region of India and
extensive experience of the promoters along with the established client base,
the subject 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The services sector, the largest contributor to India’s GDP, contracted
for the sixth consecutive month in December, as orders dipped. However, hiring
has risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that accounts
for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per cent is
the main reason for this overall IT cut. A Reserve Bank of India committee has
recommended setting up a special category of lenders who would cater to small
businesses and households, to expand the number of customers with access to
banking services. These banks would focus onproviding payment services and
deposit products. Indian banks want the free use of automated teller
machines to be capped at five transactions in a month including that of the
bank in which the account is active. This follows state government order to
banks to install security guards at ATM booths after a woman banker was
assaulted in Bangalore. The government is likely to present a vote on Account
in mid-February. The annual Economic Survey will be tabled later in Parliament
along with the full Budget. A full Budget for 2014/15 is likely to be present
in July by the new government formed after the General Election. The government
will soon launch an internet spy system, called Netra, to detect malafide
messages. Security agency will deploy the system to capture dubious voice
traffic on applications such as Skype and Google Talk, as well as tweeters.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based limits – Term Loan: BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
September 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term fund based limits: A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
September 2013 |
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
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Registered Office : |
158, Lenin Sarani, Kolkata – 700 013, West |
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Tel. No.: |
91-33-22159863/ 22219865/ 22152591/ 22362508/ 22151951 |
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Fax No.: |
91-33-22366134/ 22156134 |
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E-Mail : |
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Website : |
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Corporate Head Quarter : |
Infinity Benchmark, 6th Floor, Block EP and GP, Sector V, Salt
Lake, Kolkata – 700 091, West Bengal, India |
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Tel. No.: |
91-33-40091000 |
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Fax No.: |
91-33-40091099 |
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Factory : |
Located at: ·
Coimbatore (Tamilnadu). |
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Surya Apartment, 12, Fraser Road, Patna – 800 001, Bihar, India |
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Bhubaneshwar Office : |
207A, Nirmala Plaza, Forest Park, Airport Road, Bhubaneshwar – 751
009, Orissa, India |
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Tel. No.: |
91-674-2570990 |
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Siliguri Office : |
13 and 14, North West Center, Golden Plaza, 3rd Floor,
Burdwan Road, Siliguri – 734 001, West Bengal, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Harish Gauri Prasad Bagla |
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Designation : |
Managing Director |
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Address : |
Jaisalmer Building, 6, Ashoka Road, Alipore, Kolkata – 700 027, West
Bengal, India |
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Date of Birth/Age : |
08.12.0968 |
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Qualification : |
B. Com |
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Date of Appointment : |
01.03.2011 |
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DIN No.: |
00037512 |
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PAN No.: |
ABPPB7430D |
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Other Directorship:
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Name : |
Mr. Gauri Prasad Bagla |
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Designation : |
Whole Time Director |
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Address : |
Jaisalmer Building, 6, Ashoka Road, Alipore, Kolkata – 700 027, West
Bengal, India |
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Date of Birth/Age : |
10.07.1937 |
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Qualification : |
B Sc. |
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Date of Appointment : |
30.09.2010 |
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DIN No.: |
00120965 |
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PAN No.: |
ABPPB7429J |
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Other
Directorship:
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Name : |
Mrs. Archana Harish Bagla |
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Designation : |
Director |
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Address : |
Jaisalmer Building, 6, Ashoka Road, Alipore, Kolkata – 700 027, West
Bengal, India |
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Date of Birth/Age : |
31.05.1975 |
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Qualification : |
B. Com |
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Date of Appointment : |
27.09.2010 |
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DIN No.: |
01066643 |
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PAN No.: |
AEAPB1562J |
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Other
Directorship:
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Name : |
Mr. Anurag Kedia |
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Designation : |
Director |
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Address : |
BD-79, Salt Lake City, Kolkata – 700 064, West Bengal, India |
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Date of Birth/Age : |
13.05.1979 |
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Qualification : |
B. Com |
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Date of Appointment : |
20.09.2011 |
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DIN No.: |
03330980 |
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PAN No.: |
AKYPK4323N |
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Other
Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
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Harish Kumar Bagla |
4478067 |
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Archana Bagla |
816336 |
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H.K. Bagla (HUF) |
315000 |
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Chanda Bagla |
900 |
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Shree Shakambhari Properties (Private) Limited, India |
2842578 |
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Gouri Prasad Bagla |
180 |
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G.P. Bagla (HUF) |
90 |
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Total |
8453151 |
As on 30.09.2013
|
Equity Share Breakup |
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Percentage of Holding |
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Category |
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Bodies
corporate |
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33.63 |
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Directors
or relatives of directors |
|
66.37 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is mainly engaged in the business of manufacture of Animal
Feeds. |
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Products : |
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PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
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Metric |
Metric Tons per
annum |
525000 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
·
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India ·
Punjab National Bank, B.O: New Market Branch,
9, Lindsay Street, Kolkata – 700 087, West Bengal, India A/C No.: 0093008700004328 · Axis Bank Limited, Corporate Banking Branch (Cbb), 1, Shakespeare Sarani, Ac Market, 3rd Floor, Kolkata - 700071, West Bengal, India ·
ICICI Bank Limited, Landmarkrace Cource
Circle, Alkapuri, Baroda - 390015, Gujarat, India |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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|
Name : |
K.K. Jain and Company Chartered Accountants |
|
Address : |
P-21/22, Radha Bazar Street, Kolkata – 700 001, West Bengal, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFK1512N |
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|
|
Associates : |
·
Amricon Agrovet Private Limited, India ·
Amrit Hatcheries Private Limited, India ·
Shree Shakambhari Properties Private Limited,
India |
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
·
Amrit Agrovet Private Limited, India ·
Ojesh Enclave Private Limited, India ·
Amrit Fresh Private Limited, India |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
8453151 |
Equity Shares |
Rs.10/- each |
Rs.84.532
millions |
|
|
|
|
|
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 |
|
|
84.532 |
|
(b) Reserves & Surplus |
|
|
691.986 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
776.518 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
240.245 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
8.692 |
|
Total Non-current Liabilities (3) |
|
|
248.937 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
734.681 |
|
(b) Trade payables |
|
|
1262.982 |
|
(c) Other current
liabilities |
|
|
220.194 |
|
(d) Short-term provisions |
|
|
227.151 |
|
Total Current Liabilities (4) |
|
|
2445.008 |
|
|
|
|
|
|
TOTAL |
|
|
3470.463 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
563.961 |
|
(ii) Intangible Assets |
|
|
51.807 |
|
(iii) Capital
work-in-progress |
|
|
146.167 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
34.970 |
|
(c) Deferred tax assets (net) |
|
|
22.617 |
|
(d) Long-term Loan and Advances |
|
|
178.168 |
|
(e) Other Non-current assets |
|
|
8.650 |
|
Total Non-Current Assets |
|
|
1006.340 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
715.007 |
|
(c) Trade receivables |
|
|
1211.083 |
|
(d) Cash and cash
equivalents |
|
|
84.896 |
|
(e) Short-term loans and
advances |
|
|
447.002 |
|
(f) Other current assets |
|
|
6.135 |
|
Total Current Assets |
|
|
2464.123 |
|
|
|
|
|
|
TOTAL |
|
|
3470.463 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
28.177 |
9.392 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
562.445 |
462.543 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
590.622 |
471.935 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
517.746 |
304.302 |
|
|
2] Unsecured Loans |
|
230.843 |
34.603 |
|
|
TOTAL BORROWING |
|
748.589 |
338.905 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1339.211 |
810.840 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
339.710 |
205.337 |
|
|
Capital work-in-progress |
|
119.086 |
111.491 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
34.937 |
13.237 |
|
|
DEFERRED TAX ASSETS |
|
5.632 |
4.500 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
767.141
|
424.372
|
|
|
Sundry Debtors |
|
537.138
|
578.081
|
|
|
Cash & Bank Balances |
|
106.056
|
157.732
|
|
|
Other Current Assets |
|
23.863
|
0.000
|
|
|
Loans & Advances |
|
321.602
|
250.181
|
|
Total
Current Assets |
|
1755.800
|
1410.366 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
627.472
|
721.179
|
|
|
Other Current Liabilities |
|
110.339
|
74.185
|
|
|
Provisions |
|
178.143
|
138.986
|
|
Total
Current Liabilities |
|
915.954
|
934.350
|
|
|
Net Current Assets |
|
839.846
|
476.016
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.259 |
|
|
|
|
|
|
|
|
TOTAL |
|
1339.211 |
810.840 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
11691.267 |
8847.950 |
7390.963 |
|
|
|
Other Income |
14.338 |
21.826 |
24.506 |
|
|
|
TOTAL (A) |
11705.605 |
8869.776 |
7415.469 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
9877.415 |
7308.376 |
-- |
|
|
|
Purchases of stock-in-trade |
121.536 |
149.873 |
-- |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
41.778 |
(32.521) |
-- |
|
|
|
Employee benefit expense |
245.265 |
183.118 |
-- |
|
|
|
Other expenses |
1020.013 |
967.568 |
-- |
|
|
|
Consumption Materials Changes Inventories |
-- |
-- |
6754.934 |
|
|
|
Manufacturing Service Costs |
-- |
-- |
135.909 |
|
|
|
Employee Related Expenses |
-- |
-- |
127.127 |
|
|
|
Administrative Expenses |
-- |
-- |
198.608 |
|
|
|
TOTAL (B) |
11306.007 |
8576.414 |
7216.578 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
399.598 |
293.362 |
198.891 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
68.254 |
65.549 |
29.912 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
331.344 |
227.813 |
168.979 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
74.686 |
45.890 |
36.677 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
256.658 |
181.923 |
132.302 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
38.015 |
52.320 |
41.216 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
218.643 |
129.603 |
91.086 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
375.914 |
270.187 |
210.078 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
21.864 |
12.960 |
9.109 |
|
|
|
Interim Dividend |
32.748 |
10.916 |
9.392 |
|
|
|
Dividend Distribution Tax |
-- |
-- |
3.084 |
|
|
|
Provision for Proposed Dividend |
-- |
-- |
9.392 |
|
|
BALANCE CARRIED
TO THE B/S |
539.945 |
375.914 |
270.187 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
219.168 |
|
|
TOTAL IMPORTS |
NA |
NA |
219.168 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
76.76 |
136.50 |
96.98 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.87 |
1.46 |
1.23
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.20 |
2.06 |
1.79
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.86 |
8.68 |
8.17
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33 |
0.31 |
0.28
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.26 |
1.27 |
0.72
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.01 |
1.92 |
1.51
|
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 |
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
FINANCIAL PERFORMANCE:
The Company has maintained the growth path and during this year registered a growth of 32% in turnover in comparison to last year, which emphasises the continuous and increased customer acceptance of quality products of the Company. Alongwith such growth in turnover the Company has also increased the profit (PBT) by 41% over last financial year in absolute terms.
FUTURE OUTLOOK:
During the year, the Company is in the process of commissioning a new plant at Varanasi, Uttar Pradesh to cater local needs of the area and the adjoining places. Keeping in mind huge demand for Aqua Feed and Shrimp Feed, the Company is setting up a new unit in Panagarh, West Bengal to produce Aqua Feed and Shrimp Feed in addition to Poultry Feed.
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
SHORT-TERM BORROWINGS |
|
|
|
Loans repayable on demand from banks |
0.000 |
100.000 |
|
Loans repayable on demand from others |
4.451 |
130.843 |
|
Total
|
|
230.843 |
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10380923 |
21/09/2012 |
660,500,000.00 |
PUNJAB NATIONAL BANK |
NEW MARKET
BRANCH, 9,LINDSAY STREET, KOLKATA, WES |
B59842146 |
|
2 |
10320933 |
07/10/2013 * |
402,900,000.00 |
AXIS BANK LIMITED |
CORPORATE
BANKING BRANCH (CBB), 1, SHAKESPEARE SARANI, AC MARKET, 3RD FLOOR, KOLKATA,
WEST BENGAL |
B88430509 |
|
3 |
10290054 |
27/04/2012 * |
204,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B39648282 |
|
4 |
80009498 |
29/11/2012 * |
432,700,000.00 |
PUNJAB NATIONAL BANK |
B.O:NEW MARKET,
9,LINDSAY STREET, KOLKATA, WEST BENGAL - 700087, INDIA |
B64680671 |
* Date of charge modification
FIXED ASSETS:
Tangible assets
·
Land
·
Building
·
Plant and Machinery
·
Office Equipments
·
Computer
·
Vehicles
·
Furniture and Fixtures
Intangible assets
· Computer software
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.62.32 |
|
|
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.84.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
51 |
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.