MIRA INFORM REPORT
|
Report Date : |
07.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SANDEEP ORGANICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No. 104, Nain Krupa Premises Co-Operative Society Limited, 118/112,
Kazi Sayed Street, Masjid Bunder (West), Mumbai – 400003, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
31.01.2005 |
|
|
|
|
Com. Reg. No.: |
11-150906 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.5.700 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51496MH2005PTC150906 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS46122G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading, Wholesale, Retail, Import, Export
and Commission Agent in ll Types of Chemical
Organic. |
|
|
|
|
No. of Employees
: |
Not Available |
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) |
|
|
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.
LOCATIONS
|
Registered Office : |
Flat No. 104, Nain Krupa Premises Co-Operative Society Limited,
118/112, Kazi Sayed Street, Masjid Bunder (West), Mumbai – 400003, |
|
Tel. No.: |
91-22-66313600/66313700/23423100 |
|
Fax No.: |
91-22-23450639 |
|
E-Mail : |
|
|
Website: |
DIRECTORS
As on 26.09.2012
|
Name : |
Mr. Sandeep Chanderdutt Agarwal |
|
Designation : |
Director |
|
Address : |
A – 701, Eastern Court, |
|
Date of Birth/Age : |
05.07.1975 |
|
Date of Appointment : |
31.01.2005 |
|
PAN No.: |
ADFPA5612G |
|
DIN No.: |
00295794 |
|
|
|
|
Name : |
Mr. Deepak Chanderdutt Agarwal |
|
Designation : |
Director |
|
Address : |
A – 701, Eastern Court, |
|
Date of Birth/Age : |
30.09.1981 |
|
Date of Appointment : |
31.01.2005 |
|
PAN No.: |
ADNPA0348K |
|
DIN No.: |
00295829 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Anita S. Agarwal |
|
1000 |
|
Anju S. Agarwal |
|
1000 |
|
Ankit S. Agarwal |
|
1000 |
|
Chander Dutt B. Agarwal [HUF |
|
1000 |
|
Chander Dutt B. Agarwal |
|
50000 |
|
Deepak C. Agarwal |
|
255000 |
|
Deepak C. Agarwal (HUF) |
|
1000 |
|
Manvika D. Agarwal |
|
1000 |
|
Sandeep C. Agarwal |
|
255000 |
|
Sandeep C. Agarwal [HUF] |
|
1000 |
|
Shankuntala C. Agarwal |
|
1000 |
|
Subhashchand B. Agarwal [HUF] |
|
1000 |
|
Subhashchand B. Agarwal |
|
1000 |
|
|
|
|
|
Total |
|
570000 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading, Wholesale, Retail, Import, Export and
Commission Agent in ll Types of Chemical Organic. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
·
Standard Chartered Bank, SME Credit, Crescenzo, 3A/F,
Plot No. C-38 and 39, G Block, Bandra Kurla Complex, Bandra East, Mumbai –
400051, Maharashtra, India |
||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
V Chartered Accountants |
|
Address : |
19A / 5-6, Kanchan, Opposite, SIES College, Sion (West), Mumbai –
400022, Maharashtra, India. |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFV5377R |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.10/- each |
Rs. 6.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
570000 |
Equity Shares |
Rs.10/- each |
Rs. 5.700
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
5.700 |
5.700 |
|
(b) Reserves & Surplus |
|
39.586 |
30.735 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
45.286 |
36.435 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
83.613 |
76.462 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
83.613 |
76.462 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
18.395 |
17.505 |
|
(b) Trade payables |
|
80.831 |
61.100 |
|
(c) Other current
liabilities |
|
10.475 |
10.636 |
|
(d) Short-term provisions |
|
0.418 |
0.231 |
|
Total Current Liabilities
(4) |
|
110.119 |
89.472 |
|
|
|
|
|
|
TOTAL |
|
239.018 |
202.369 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2.461 |
2.456 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.110 |
0.070 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current
assets |
|
6.587 |
6.044 |
|
Total Non-Current Assets |
|
9.158 |
8.570 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
35.877 |
|
(c) Trade receivables |
|
209.101 |
138.910 |
|
(d) Cash and cash
equivalents |
|
0.424 |
0.466 |
|
(e) Short-term loans
and advances |
|
6.972 |
9.366 |
|
(f) Other current
assets |
|
13.363 |
9.180 |
|
Total Current Assets |
|
229.860 |
193.799 |
|
|
|
|
|
|
TOTAL |
|
239.018 |
202.369 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.191 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
19.978 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
21.169 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
69.300 |
|
|
TOTAL BORROWING |
|
|
69.300 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
90.469 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.290 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
10.060 |
|
|
DEFERREX TAX ASSETS |
|
|
0.006 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
10.513
|
|
|
Sundry Debtors |
|
|
81.840
|
|
|
Cash & Bank Balances |
|
|
23.270
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
3.058
|
|
Total
Current Assets |
|
|
118.681
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
36.739
|
|
|
Other Current Liabilities |
|
|
3.829
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
40.568
|
|
|
Net Current Assets |
|
|
78.113
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
90.469 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1001.612 |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
987.642 |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
13.970 |
15.801 |
9.566 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.645 |
(0.708) |
0.311 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
13.325 |
16.509 |
9.255 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.475 |
5.752 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
8.850 |
10.757 |
9.255 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.53 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.88 |
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.57
|
8.16 |
7.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.45 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.25
|
2.58 |
3.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.09
|
2.17 |
2.93.0 |
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
one year |
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 |
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 |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
83.613 |
71.401 |
|
Loans and advances from others |
0.000 |
5.061 |
|
Total |
83.613 |
76.462 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U51496MH2005PTC150906 |
|
Name of the
company |
SANDEEP ORGANICS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Flat No. 104, Nain Krupa Premises Co-Operative Society Limited,
118/112, Kazi Sayed Street, Masjid Bunder (West), Mumbai – 400003,
Maharashtra, India Email: myca@vskothari.com |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
80030298 |
|
Type of charge |
·
Book debts ·
Movable
property (not being pledge) ·
Floating charge |
|
Particular of
charge holder |
CIN: U51496MH2005PTC150906 Standard Chartered Bank, SME Credit, Crescenzo, 3A/F, Plot No. C-38
and 39, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400051,
Maharashtra, India Email: sme.form8@sc.com |
|
Nature of
instrument creating charge |
Hypothecation
Agreement - Supplemental |
|
Date of
instrument Creating the charge |
28.01.2012 |
|
Amount secured by
the charge |
Rs.150.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As agreed by and
with the Bank from time to time. Terms of
Repayment As agreed by and
with the Bank from time to time. Margin As applicable, if
any. Extent and
Operation of the charge The Bank is
having first and exclusive charge on the security given by the Company. Others 2ONE |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation by
way of first and exclusive charge on: a) all the stock in trade both present
and future consisting of raw materials, finished goods, goods in process of
manufacturing and other merchandise b) all the present and future book debts,
outstanding moneys receivable, claims and bills. |
|
Date of
instrument modifying the charge |
27.01.2011 |
|
Particulars of
the present modification |
The existing
charge amount of Rs.120.000 Millions enhanced to Rs.150.000 Millions against
the security of hypothecation by way of first and exclusive charge on: a) all
the stock in trade both present and future consisting of raw materials,
finished goods, goods in process of manufacturing and other merchandise b)
all the present and future book debts, outstanding moneys receivable, claims
and bills. |
Note: Registered office of the company has been
shifted from 263, Samuel Street, Vadgaoi, Mumbai – 400003, Maharashtra, India to the present address w.e.f 01.07.2011
CONTINGENT LIABILITIES:
(As on 31.03.2012)
Contingent Liability related to letter of
credit facility as on March 31, 2011 is RS.65.903 Millions.
NATURE OF BUSINESS
Trading, Wholesale, Retail, Import, Export and
Commission Agent in ll Types of Chemical Organic.
FIXED ASSETS
Tangible assets
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
Office equipment
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.62.33 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.84.62 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.