MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

BALAJI AGRO PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

100 (Approximately)

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Exporter and Trader of Tea.

 

 

Exports :

 

Products :

Finished Goods

Countries :

·         Russia

·         China

·         Kazakhstan

 

 

Imports :

 

Products :

Raw Materials

Countries :

·         China

·         Hong Kong

 

 

Terms :

 

Selling :

L/C and Credit

 

 

Purchasing :

L/C and Credit

 

 

GENERAL INFORMATION

 

Suppliers :

Gold Foundry Trading, Dubai

 

 

Customers :

Griet

 

 

No. of Employees :

100 (Approximately)

 

 

Bankers :

·         Oriental Bank of Commerce, Overseas Branch, (Lord's Building), 7/1, Lord Sinha Road, (Ground Floor), Kolkata - 700071, West Bengal, India

Tel No.: 91-33-22262829

·         Citi Bank, J. L. Nehru Road, Kolkata, West Bengal, India

·         Federal Bank Limited 

·         Axis Bank Limited

·         ICICI Bank Limited

 

 

Facilities :

SECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Long Term Borrowings

 

 

Car loan from Federal Bank Limited  

0.250

0.370

Auto Car loan from Federal Bank Limited  

0.150

0.287

Reliance Capital Car Loan (Including the amount which is repayable in coming12 months)

0.075

0.149

Short Term Borrowings

 

 

Foreign Bill Purchase against PCFC Loan

31.811

44.788

PCFC loan (OBC)

144.165

137.103

Total

176.451

182.697

 

 

UNSECURED LOANS

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Short Term Borrowings

 

 

From body corporate

212.250

40.752

From others

0.000

2.324

Total

212.250

43.076

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

D. Dokania and Company

Address :

Room No. 518, 5th Floor, Kolkata – 700055, West Bengal, India

PAN No.:

ADQPD4151Q

 

 

Sister Concerns :

·         New Charan Kamval Finance Company Private Limited

·         Vikrma Impex Private Limited

·         GD Reality Private Limited

·         GD Tie Up Private Limited

 

 

Subsidiary Company :

·         Samal Valley Tea Estate Private Limited

 

 

MAJOR SHAREHOLDERS

 

As on 27.09.2013

 

Names of Shareholders

 

No. of Shares

Mukesh Agarwal

 

18800

Bhagwati Devi Agarwal

 

41800

Manish Agarwal

 

10

Giriya Devi Agarwal

 

45660

N. K. Agarwal HUF

 

28840

Nand Kishore Agarwal

 

16160

Raju Agrwal

 

18000

Maya Agarwal

 

17600

Vikram Agarwal

 

12973

Moonlight Devcon Private Limited, India

 

99800

Samay Traders Private Limited, India

 

26000

Total

 

325643

 

 

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

32.564

32.564

29.964

(b) Reserves & Surplus

221.394

197.899

144.596

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

253.958

230.463

174.560

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.475

0.806

0.625

(b) Deferred tax liabilities (Net)

0.167

0.126

0.107

(c) Other long term liabilities

1.123

1.304

0.723

(d) long-term provisions

15.948

2.948

2.829

Total Non-current Liabilities (3)

17.713

5.184

4.284

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

388.226

224.967

187.800

(b) Trade payables

94.423

23.035

42.601

(c) Other current liabilities

9.781

57.363

49.611

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

492.430

305.365

280.012

 

 

 

 

TOTAL

764.101

541.012

458.856

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

48.156

23.088

12.382

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

24.435

25.560

18.935

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

10.685

7.759

5.797

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

83.276

56.407

37.114

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

245.999

134.019

157.220

(c) Trade receivables

372.478

270.245

224.462

(d) Cash and cash equivalents

17.066

35.646

7.947

(e) Short-term loans and advances

22.745

28.621

17.201

(f) Other current assets

22.537

16.074

14.912

Total Current Assets

680.825

484.605

421.742

 

 

 

 

TOTAL

764.101

541.012

458.856

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

NA

778.593

692.626

 

 

Other Income

NA

31.745

43.301

 

 

TOTAL                                     (A)

NA

810.338

735.927

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Purchases of Stock-in-Trade

690.650

619.898

 

 

Change In Stock In Trade

 

23.201

24.530

 

 

Employee Benefits Expense

 

2.266

2.139

 

 

Other Expenses

 

71.636

66.714

 

 

TOTAL                                     (B)

NA

787.753

713.281

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)      (C)

NA

22.585

22.646

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

NA

14.655

15.524

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

NA

7.930

7.122

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

NA

2.330

1.811

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

36.570

5.600

5.311

 

 

 

 

 

Less

TAX                                                                  (H)

13.041

1.698

1.692

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

23.529

3.902

3.619

 

 

 

 

 

 

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

13.532

9.664

6.064

 

 

 

 

 

 

Income tax and FBT for earlier year

0.000

0.000

0.019

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

37.062

13.566

9.683

 

 

 

 

 

 

Earnings Per Share (Rs.)

72.25

12.93

12.08

 

Particulars

 

 

 

31.03.2014

Sales Turnover (Approximately)

 

 

1200.000

 

The above information has been parted by Mr. Saurabh Kumar

 

COMPANY INFORMATION:

 

Company is formed a private limited company and is engaged in the business of trading in tea and is having its registered place of business at 32, Jawaharlal Nehru Road, PS: Shakespeare Sarani, Kolkata – 700071, West Bengal, India.  

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (42)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

RBI DEFAILTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

LOCATIONS

 

Registered Office :

32, Jawaharlal Nehru Road, PS: Shakespeare Sarani, Kolkata – 700071, West Bengal, India

Tel. No.:

91-33-22266103 / 5726 / 32924801 / 4802 / 30224900 / 4902

Fax No.:

91-33-22492367

E-Mail :

munnatea@cal3.vsnl.net.in

bhutu2008@sify.com

Location :

Owned

 

 

Factory :

Located at Assam, India

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.