MIRA
INFORM REPORT
|
Report Date : |
22.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
RADIKAL
FOODS LIMITED (w.e.f. 06.11.2013) |
|
|
|
|
Formerly Known
As : |
RADIKAL
FOODS PRIVATE LIMITED (w.e.f. 01.10.2013) RADIKAL OVERSEAS PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
Radikal House, 28, Community Centre, Saket, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.06.2009 |
|
|
|
|
Com. Reg. No.: |
55-191397 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.106.296
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15122DL2009PLC191397 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECR3846A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject
is engaged in processing and export of Basmati Rice. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6312000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established
company having satisfactory track record. General financial
position of the company seems to be sound and healthy. Profitability of the
company is decent. Trade relations
are 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 condition. |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
NEWS
The economy grew 4.7 %in 2013/14, marking a second
straight year of sub-5 % growth – the worst slowdown in more than a quarter of
a century. The data was below an official estimate of 4.9 % annual growth and
compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before. A
sharp fall in gold imports due to restrictions on overseas purchases and muted
import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two. While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs.2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers with hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long-Term Fund Based Limits: BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
July, 2014 |
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
31-03-2014.
INFORMATION DECLINED
Management non-cooperative
(Tel. No.: 91-11-26566002)
LOCATIONS
|
Registered Office/ Headquarter/ Corporate Office : |
Radikal House, 28, Community Centre, Saket, New Delhi – 110 017, India
|
|
Tel. No.: |
91-11-26566001/ 02/ 03/ 47566000 |
|
Fax No.: |
91-11-26566004/ 26566001 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Manufacturing Unit : |
Village Bagadpur, Siyana Road, Garh Mukteshwar, District Hapur – 245
205, Uttar Pradesh, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr.
Chandra Prakash Choudhary |
|
Designation : |
Director |
|
Address : |
D-119,
Ground Floor, Saket, New Delhi – 110 017, India |
|
Date of Birth/Age : |
10.10.1963 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
17.07.2009 |
|
DIN No.: |
00054040 |
|
PAN No.: |
ACOPC6136F |
|
|
|
|
Name : |
Mrs.
Anju Chaudhary |
|
Designation : |
Director |
|
Address : |
D-119,
Ground Floor, Saket, New Delhi – 110 017, India |
|
Date of Birth/Age : |
14.04.1964 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
19.06.2009 |
|
DIN No.: |
00054061 |
|
PAN No.: |
ABBPC2597A |
|
|
|
|
Name : |
Mr.
Siddharth Chaudhary |
|
Designation : |
Managing Director |
|
Address : |
D-119,
Ground Floor, Saket, New Delhi – 110 017, India |
|
Date of Birth/Age : |
17.09.1987 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
19.06.2009 |
|
DIN No.: |
02272725 |
|
PAN No.: |
AGEPC1881D |
|
|
|
|
Name : |
Anindita Chaudhary |
|
Designation : |
Director |
|
Address : |
D-119,
Ground Floor, Saket, New Delhi – 110 017, India |
|
Date of Birth/Age : |
13.07.1986 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
01.05.2010 |
|
DIN No.: |
02993959 |
|
PAN No.: |
AWSPB5850B |
KEY EXECUTIVES
|
Name : |
Mr. Sachin Kumar |
|
Designation : |
Secretary |
|
Address : |
96, Govind Park, Jagat Puri, Krishna Nagar, New
Delhi – 110 051, India |
|
Date of Birth/Age : |
15.07.1985 |
|
Date of Appointment : |
17.01.2013 |
|
PAN No.: |
BLRPK7781F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Siddharth
Chaudhary |
|
155000 |
|
Chandra
Prakash Choudhary |
|
310000 |
|
Anju
Chaudhary |
|
175000 |
|
Radikal
International Private Limited, India |
|
3455000 |
|
Shreedhar
Estates Private Limited, India |
|
1530000 |
|
Tirumala
Vanijya Private Limited, India |
|
2790000 |
|
Kundan
Commercial Private Limited, India |
|
3354600 |
|
Minarva
Vyappar Private Limited, India |
|
2060000 |
|
Bennett
Coleman and Co. Limited, India |
|
10 |
|
Werfine
Investments Limited, Mauritius |
|
170731 |
|
Total
|
|
14000341 |
AS ON 08.03.2014
|
Names of Allottee |
|
No. of Shares |
|
Anindita Chaudhary |
|
100 |
|
Total
|
|
100 |
AS ON 05.03.2014
|
Names of Allottee |
|
No. of Shares |
|
Werfine
Investments Limited, Mauritius |
|
97025 |
|
Total
|
|
97025 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
95.43 |
|
Directors
or relatives of directors |
|
4.57 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is engaged in processing and export of Basmati Rice. |
||||
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|
||||
|
Products : |
·
Aqua-Mist Premium Basmati Rice · Pristine Traditional Basmati Rice · Morvarid Premium Sella Basmati Rice · Auric Premium Basmati Rice · Radikal Brown Premium Basmati Rice · Super Gild Aromatic Rice · Apica Basmati Rice |
||||
|
|
|
||||
|
Brand Names : |
“RADIKAL” |
PRODUCTION STATUS [AS ON 31.03.2011]:
|
Particulars |
Quantity
|
|
Licensed Capacity |
87000 Tones |
|
Installed Capacity |
87000 Tones |
|
Actual Utilizations |
24333 Tones |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the Management. |
|||||||||||||||||||||
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|
|||||||||||||||||||||
|
Bankers : |
·
State Bank of Mysore, 15-16, Shaheed Bhagat Singh Marg, Near Goal
Market, New Delhi – 110 001, India ·
State Bank of India, Industrial Finance Branch, 14, 15 Floor Jawahar
Vyapar Bhawan, New Delhi – 110 001, India ·
State Bank of Patiala, Amarpali Corporate Tower, Ground Floor,
Block-J, Sector-2, IMT, Manesar, Gurgaon – 122 050, Haryana, India ·
Oriental Bank of Commerce, M-1/2/3, Connaught Place, New Delhi – 110
001, India ·
State Bank of India, 14th Floor, Jawahar Vyapaar Bhawan, 1,
Tolstoy Marg, New Delhi – 110 001, India ·
State Bank of Travancore, 18/4, Arya Samaj Road, Delhi – 110 005,
India |
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|
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Vikas Jain and Associates Chartered Accountants |
|
Address : |
O-14, 2nd
Floor, Amber Tower, S.C. Road, Jaipur, Rajasthan, India |
|
PAN No.: |
AABFV4320K |
|
|
|
|
Associates : |
·
Shreedhar Estates Private Limited, India ·
Radikal International Private Limited, India ·
Radikal Impex Private Limited, India |
|
|
|
|
Subsidiary Companies : |
The
Company has three 100% wholly owned subsidiaries in India, namely; ·
Radikal Agrotech Private Limited, India (CIN No.: U01400DL2012PTC240351)
·
Radikal Global Foods Private Limited, India (CIN No.:
U15400DL2012PTC240173) ·
Radikal Warehousing Private Limited, India (CIN No.:
U63020DL2012PTC240090) |
CAPITAL STRUCTURE
AFTER 30.09.2013
Authorised Capital : Rs.200.000 millions
Issued, Subscribed & Paid-up Capital : Rs.169.333
millions
AS ON 30.09.2013
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 |
|
14000341 |
Equity Shares |
Rs.10/- each
|
Rs.140.003
millions |
|
|
|
|
|
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 |
|
10629610 |
Equity Shares |
Rs.10/- each
|
Rs.106.296
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
106.296 |
62.296 |
40.246 |
|
(b) Reserves & Surplus |
1179.395 |
538.114 |
223.220 |
|
(c) Money received against share warrants |
30.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
262.194 |
70.000 |
180.500 |
|
Total
Shareholders’ Funds (1) + (2) |
1577.885 |
670.410 |
443.966 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
516.687 |
275.168 |
159.846 |
|
(b) Deferred tax liabilities (Net) |
5.250 |
5.090 |
1.068 |
|
(c) Other long
term liabilities |
14.117 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
536.054 |
280.258 |
160.914 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
3322.252 |
1819.241 |
955.680 |
|
(b)
Trade payables |
134.386 |
202.224 |
144.932 |
|
(c)
Other current liabilities |
55.072 |
36.792 |
53.535 |
|
(d) Short-term
provisions |
57.463 |
54.894 |
3.419 |
|
Total Current
Liabilities (4) |
3569.173 |
2113.151 |
1157.566 |
|
|
|
|
|
|
TOTAL |
5683.112 |
3063.819 |
1762.446 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
302.549 |
294.991 |
284.146 |
|
(ii)
Intangible Assets |
4.493 |
2.998 |
3.286 |
|
(iii)
Capital work-in-progress |
291.743 |
13.262 |
45.348 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.300 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
214.404 |
25.866 |
3.375 |
|
(e) Other
Non-current assets |
129.746 |
1.741 |
26.730 |
|
Total Non-Current
Assets |
943.235 |
338.858 |
362.885 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
4137.358 |
2372.136 |
1214.699 |
|
(c)
Trade receivables |
438.511 |
228.246 |
106.863 |
|
(d) Cash
and cash equivalents |
31.589 |
12.092 |
2.046 |
|
(e)
Short-term loans and advances |
37.587 |
14.644 |
6.531 |
|
(f)
Other current assets |
94.832 |
97.843 |
69.422 |
|
Total
Current Assets |
4739.877 |
2724.961 |
1399.561 |
|
|
|
|
|
|
TOTAL |
5683.112 |
3063.819 |
1762.446 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
5587.474 |
3445.224 |
684.763 |
|
|
|
Other Income |
60.326 |
23.050 |
2.692 |
|
|
|
TOTAL (A) |
5647.800 |
3468.274 |
687.455 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost
of materials consumed |
5198.329 |
|
630.611 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and stock-in-trade |
(721.476) |
(587.028) |
|
|
|
|
Employee
benefit expense |
43.386 |
22.413 |
|
|
|
|
Other
expenses |
383.377 |
229.179 |
|
|
|
|
Prior
period items |
0.728 |
1.720 |
|
|
|
|
TOTAL (B) |
4904.344 |
3039.567 |
630.611 (Including
financial and depreciation) |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
743.456 |
428.707 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
387.400 |
202.908 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
356.056 |
225.799 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
44.484 |
44.380 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
311.572 |
181.419 |
56.844 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
66.292 |
64.975 |
8.275 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
245.280 |
116.444 |
48.569 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
157.450 |
41.006 |
(7.563) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
402.730 |
157.450 |
41.006 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB
value of traded goods exported |
874.846 |
816.146 |
576.631 |
|
|
TOTAL EARNINGS |
874.846 |
816.146 |
576.631 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
33.47 |
24.26 |
12.07 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.34 |
3.36 |
7.07 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.58 |
5.27 |
8.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.78 |
5.95 |
3.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.27 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.43 |
3.12 |
2.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33 |
1.29 |
1.21 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
40.246 |
62.296 |
106.296 |
|
Reserves & Surplus |
223.220 |
538.114 |
1179.395 |
|
Money received
against share warrants |
0.000 |
0.000 |
30.000 |
|
Share Application money pending allotment |
180.500 |
70.000 |
262.194 |
|
Net worth |
443.966 |
670.410 |
1577.885 |
|
|
|
|
|
|
Long-term borrowings |
159.846 |
275.168 |
516.687 |
|
Short term borrowings |
955.680 |
1819.241 |
3322.252 |
|
Total borrowings |
1115.526 |
2094.409 |
3838.939 |
|
Debt/Equity ratio |
2.513 |
3.124 |
2.433 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
684.763 |
3445.224 |
5587.474 |
|
|
|
403.126 |
62.180 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
684.763 |
3445.224 |
5587.474 |
|
Profit |
48.569 |
116.444 |
245.280 |
|
|
7.09% |
3.38% |
4.39% |
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] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
32] |
Date
of Birth 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 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10469864 |
07/01/2014 |
280,000,000.00 |
STATE BANK OF MYSORE |
15-16, SHAHEED BHAGAT
SINGH MARG, NEAR GOAL MARKET, NEW DELHI, DELHI - 110001, INDIA |
B93397545 |
|
2 |
10402663 |
07/02/2013 |
700,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH,
14, 15 FLOOR JAWAHAR VYAPAR BHAWAN, NEW DELHI, DELHI - 110001, INDIA |
B67958231 |
|
3 |
10402553 |
30/11/2013 * |
860,000,000.00 |
STATE BANK OF TRAVANCORE |
18/4, ARYA SAMAJ ROAD,
DELHI, DELHI - 110005, INDIA |
B91228932 |
|
4 |
10379705 |
24/06/2014 * |
6,750,000,000.00 |
STATE BANK OF INDIA |
14TH FLOOR, JAWAHAR
VYAPAAR BHAWAN, 1 TOLSTOY MARG, NEW DELHI, DELHI - 110001, INDIA |
C09730367 |
|
5 |
10351527 |
30/03/2012 |
550,000,000.00 |
INDIAN OVERSEAS BANK |
MID CORPORATE BRANCH, RACHNA
CINEMA BUILDING, 4TH FLOOR,2 RAJENDRA PLACE, NEW DELHI, DELHI -
110008, INDIA |
B38138806 |
|
6 |
10346651 |
12/01/2013 * |
350,000,000.00 |
STATE BANK OF PATIALA |
AMARPALI CORPORATE TOWER,
GROUND FLOOR, BLOCK-J, SECTOR-2, IMT, MANESAR, GURGAON, HARYANA - 122050,
INDIA |
B68154780 |
|
7 |
10333282 |
31/01/2012 |
410,000,000.00 |
STATE BANK OF HYDERABAD |
36, ELITE HOUSE, KAILASH
COLONY BRANCH, NEW DELHI, DELHI - 110048, INDIA |
B31116205 |
|
8 |
10269164 |
30/01/2013 * |
300,000,000.00 |
ORIENTAL BANK OF COMMERCE |
M-1/2/3, CONNAUGHT PLACE,
NEW DELHI, DELHI - 110 001, INDIA |
B68482629 |
|
9 |
10304779 |
14/12/2012 * |
410,000,000.00 |
STATE BANK OF BIKANER AND
JAIPUR |
KHARI BAOLI, DELHI, DELHI
- 110006, INDIA |
B65725509 |
|
10 |
10191234 |
27/09/2013 * |
1,650,000,000.00 |
STATE BANK OF INDIA |
14TH FLOOR,
JAWAHAR VYAPAR BHAWAN, 1 TOLSTOY MARG, NEW DELHI, DELHI - 110001, INDIA |
B88051495 |
* Date of charge modification
|
Unsecured Loans |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG-TERM
BORROWINGS |
|
|
|
Other loans and advances |
70.000 |
0.000 |
|
Term Loans from Others |
0.000 |
135.000 |
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans
repayable on demand from others |
0.000 |
2.745 |
|
Other
loans and advances |
150.000 |
0.000 |
|
Total
|
220.000 |
137.745 |
BACKGROUND:
Radikal Overseas Private Limited
is a private limited company incorporated under the Companies Act, 1956.
Corporate Identity No. of the company is U15122DL2009PTC191397. The company is
engaged in processing and export of Basmati Rice. The company has set up a
state of the art plant at Garh Mukteshwar, in Uttar Pradesh. Radikal is one of
the few companies to have HACCP and ISO 22000 Certification. The company has
launched its own brand “Radikal” and selling it in both export and domestic
markets.
FINANCIAL REVIEW:
During the year the Company
has achieved a turnover of INR 5587.400 millions as against INR 3445.200
millions in the previous year.
An increase of 61.66% over
the last year. During the year, net profit of the Company is increased to INR 245.200
millions in comparison to net profit of INR 116.400 millions in the previous
year showing an increment of 47.47%. The Directors of the Company are optimist
and envisage further increase in the sales in the coming years.
FIXED ASSETS:
Tangible Assets
·
Land
·
Building
·
Plant and Machinery
·
Office Equipments
·
Furniture and Fixtures
·
Computer
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.60.19 |
|
|
1 |
Rs.102.87 |
|
Euro |
1 |
Rs.81.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
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 |
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 |
|
48 |
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.