MIRA INFORM REPORT
|
Report No. : |
316378 |
|
Report Date : |
21.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
BPA ENGINEERING EQUIPMENTS PRIVATE LIMITED |
|
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|
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Registered
Office : |
2/1 Madhav Seth Lane, P.S. Posta (D2), P.O. Burrabazar, Dist. Kolkata
– 70000, West Bengal |
|
Tel No : |
91-6435-222264 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
02.04.2007 |
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Com. Reg. No.: |
21-114954 |
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Capital
Investment / Paid-up Capital : |
Rs. 5.000 Million |
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CIN No.: [Company Identification
No.] |
U31909WB2007PTC114954 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Exporting of brand stone crushers and Granulators |
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No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. However trade
relations seems to be fair. Management has reported huge gearing and low net profitability as well
as margin during FY 14. Business is active. Payments are reported to be slow but correct. The company can be considered for small business dealings at usual
trade terms and conditions with some caution.
|
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 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 PARTED BY (General Detail)
|
Name : |
Mr. Abhimanyu |
|
Designation : |
Director |
|
Contact No.: |
91-9973815757 |
|
Date : |
14.04.2015 |
LOCATIONS
|
Registered Office : |
2/1 Madhav Seth Lane, P.S. Posta (D2) P.O burrabazar, Dist Kolkata,
West Bengal – 700007, India |
|
Tel. No.: |
91-6435-222264 |
|
Mobile No.: |
91-9973815757 (Mr. Abhimanyu) |
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Fax No.: |
91-6435-222006 |
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E-Mail : |
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Website : |
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Corporate Office : |
Shitla Mandir Road, Harindanga Bazar, P.O Dist – Pakaur – 81607,
Jharkhand, India |
|
Tel. No.: |
91-6435-222264 |
|
Fax No.: |
91-6435-222006 |
|
Area : |
10 acres (Leased) |
DIRECTORS
As on : 30.09.2014
|
Name : |
Mr. Abhimanyu Agarwal |
|
Designation : |
Director |
|
Address : |
Shitla Mandir Road, Harindanga Bazar, P.O Dist – Pakaur – 81607,
Jharkhand, India |
|
Date of Birth/Age : |
29.03.1984 |
|
Date of Appointment : |
07.12.2007 |
|
DIN No.: |
01950515 |
|
|
|
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Name : |
Mr. Vishal Agarwal |
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Designation : |
Director |
|
Address : |
Shitla Mandir Road, Harindanga Bazar, P.O Dist – Pakaur – 81607,
Jharkhand, India |
|
Date of Birth/Age : |
05.12.1979 |
|
Date of Appointment : |
12.03.2008 |
|
DIN No.: |
01609454 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Raj Kumar Agarwal |
|
8894 |
|
Indu Agarwal |
|
7243 |
|
Ramesh Chandra Agarwal |
|
1600 |
|
Abhimanyu Agarwal |
|
5643 |
|
Vishal Agarwal |
|
7393 |
|
Baba Baidyanath Deogher |
|
10 |
|
Vijaylaxmi Debi Agarwal |
|
544 |
|
Abhoy Kumar Agarwal |
|
5544 |
|
Divya Sikha Agarwal |
|
7043 |
|
Aditya Agarwal |
|
5543 |
|
Vandita Agarwal |
|
543 |
|
Total |
|
50000 |
As on : 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Exporting of brand stone crushers and Granulators |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Crushing Plants |
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Countries : |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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Name : |
Swapan Bhawal and Associates Chartered Accountant |
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Address : |
Ramkrishna Club Building, Panitanki More, Sevoke Road, Siliguri – 734001,
West Bengal, India |
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PAN No.: |
ABJFS3977J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concern : |
Agarwal Builcom |
CAPITAL STRUCTURE
As on : 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Million |
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|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000
Million |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
5.000 |
5.000 |
5.000 |
|
(b) Reserves & Surplus |
8.363 |
7.730 |
7.269 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
13.363 |
12.730 |
12.269 |
|
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|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
16.927 |
5.820 |
8.117 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.993 |
2.128 |
6.856 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
17.920 |
7.948 |
14.973 |
|
|
|
|
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|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
35.940 |
42.641 |
34.288 |
|
(c) Other current liabilities |
0.101 |
4.446 |
0.376 |
|
(d) Short-term provisions |
1.171 |
0.567 |
1.002 |
|
Total
Current Liabilities (4) |
37.212 |
47.654 |
35.666 |
|
|
|
|
|
|
TOTAL |
68.495 |
68.332 |
62.908 |
|
|
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II.
ASSETS |
|
|
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|
(1) Non-current assets |
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|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
22.736 |
25.152 |
28.815 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.063 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
22.736 |
25.152 |
28.878 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
27.936 |
31.301 |
25.079 |
|
(c) Trade receivables |
14.786 |
10.453 |
7.879 |
|
(d) Cash and cash equivalents |
1.916 |
0.739 |
0.549 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
1.121 |
0.687 |
0.523 |
|
Total
Current Assets |
45.759 |
43.180 |
34.030 |
|
|
|
|
|
|
TOTAL |
68.495 |
68.332 |
62.908 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
108.658 |
60.757 |
53.319 |
|
|
Other Income |
0.000 |
0.000 |
3.865 |
|
|
TOTAL
(A) |
108.658 |
60.757 |
57.184 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
|
43.214 |
|
|
TOTAL
(B) |
NA |
NA |
43.214 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
13.970 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
13.498 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
0.889 |
0.646 |
0.472 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
0.256 |
0.185 |
0.141 |
|
|
|
|
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|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
0.633 |
0.461 |
0.331 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
12.66 |
9.22 |
6.62 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin (PAT/Sales) |
(%) |
0.58 |
0.76 |
0.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.30 |
0.95 |
0.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.05 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.27 |
0.46 |
0.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
0.91 |
0.95 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
7.269 |
7.730 |
8.363 |
|
Net
worth |
12.269 |
12.730 |
13.363 |
|
|
|
|
|
|
long-term borrowings |
8.117 |
5.820 |
16.927 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
8.117 |
5.820 |
16.927 |
|
Debt/Equity
ratio |
0.662 |
0.457 |
1.267 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
57.184 |
60.757 |
108.658 |
|
|
|
6.248 |
78.840 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
57.184 |
60.757 |
108.658 |
|
Profit |
0.331 |
0.461 |
0.633 |
|
|
0.58% |
0.76% |
0.58% |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if
applicable) |
Yes |
|
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 |
Note:
The registered address of the company has been
shifted from Onkar Chambers, Room No. 217, 1st Floor, 19, Armenian
Street, Kolkata – 700001, West Bengal, India to the present address (w.e.f.
12.08.2012).
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
A.J. Exime Private Limited |
1.561 |
1.409 |
|
Jamuna Estate Private Limited |
1.770 |
1.597 |
|
Vijay Laxmi Devi and Biswanath Pd. Agarwalla |
0.395 |
0.265 |
|
Abhimanyu Agarwal |
1.550 |
0.000 |
|
Vishal Agarwalla |
1.475 |
0.000 |
|
Total |
6.751 |
3.271 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10487734 |
26/02/2014 |
10,000,000.00 |
State Bank of India |
STATE BANK OF INDIA, PAKUR, Jharkhand - 816107, IN |
C02293959 |
|
2 |
10235357 |
06/07/2010 |
5,000,000.00 |
PUNJAB NATIONALBANK |
PAKUR, PAKUR, Jharkhand - 816107, INDIA |
A92434422 |
* Date of charge modification
FIXED ASSETS
- Factory
Building
- Plant and
Machinery
- Computer
- Office
Equipment
- Motor Cycle
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 records 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.62.56 |
|
|
1 |
Rs.93.56 |
|
Euro |
1 |
Rs.67.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
NO |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.