MIRA INFORM REPORT
|
Report No. : |
352119 |
|
Report Date : |
03.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
INDOGULF CROPSCIENCES LIMITED (w.e.f. 28.04.2015) |
|
|
|
|
Formerly Known
As : |
JAI SHREE RASAYAN UDYOG LIMITED |
|
|
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Registered
Office : |
501, Gopal Heights, Plot No - D-9, Netaji Subhash Place, Pitampura, New Delhi- 110034 |
|
Tel. No.: |
91-11-40040400 (99 Lines) |
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|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
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Date of
Incorporation : |
22.01.1993 |
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|
|
|
Com. Reg. No.: |
55-051854 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 16.843 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1993PLC051854 |
|
|
|
|
IEC No.: |
0593000323 |
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|
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AAACJ0715C |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the manufacturing and trading activities of Agro Chemicals viz. Micro Nutrients, Pesticides, Fertilizers etc. for agriculture purposes. (Registered Activity) |
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|
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1665000 |
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|
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|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is well established company incorporated in the year 1993 and
it is having satisfactory track record. Rating takes into consideration company’s healthy operational
activities along with maintaining decent profitability margins from its
operations over the years. Rating further takes into account on company’s experienced promoter,
long track record and satisfactory financial risk profile characterized by
low leverage, comfortable debt coverage indicators along with comfortable
liquidity position. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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
31-03-2015.
LOCATIONS
|
Registered Office/ Head Office : |
501, Gopal Heights, Plot No - D-9, Netaji Subhash Place, Pitampura, New Delhi- 110034, India |
|
Tel. No.: |
91- 91-11-45750100/1/2 (99 Lines) |
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Fax No.: |
91-11-40040444 |
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E-Mail : |
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Website : |
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Factory 1 : |
Industrial Growth Centre, SIDCO Samba Phase 32, Jammu and Kashmir, India |
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Factory 2 : |
V.P.O. Nathupur, Distrcit. Sonepat – 131029, Haryana, India |
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Branch Offices/ C and F : |
Located At :
|
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Om Prakash Aggarwal |
|
Designation : |
Managing Director |
|
Address : |
B-2 / 62, Ashok Vihar, Delhi-110052, India |
|
Date of Birth/Age : |
26.02.1950 |
|
Date of Appointment : |
22.01.1993 |
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PAN No.: |
ABKPA7249J |
|
DIN No.: |
00732440 |
|
|
|
|
Name : |
Mr. Sanjay Aggarwal |
|
Designation : |
Whole-Time Director |
|
Address : |
B-2 / 62, Ashok Vihar, Delhi-110052, India |
|
Date of Birth/Age : |
11.02.1974 |
|
Date of Appointment : |
22.01.1993 |
|
PAN No.: |
AAEPA7338P |
|
DIN No.: |
00763635 |
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|
|
|
Name : |
Mrs. Abhilasha Aggarwal |
|
Designation : |
Director |
|
Address : |
B-2 / 62, Ashok Vihar, Delhi-110052, India |
|
Date of Birth/Age : |
26.05.1953 |
|
Date of Appointment : |
22.01.1993 |
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PAN No.: |
AAEPA7336D |
|
DIN No.: |
00765874 |
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|
|
|
Name : |
Ms. Anshu Aggarwal |
|
Designation : |
Director |
|
Address : |
B-2 / 62, Ashok Vihar, Phase - II, Delhi-110052, India |
|
Date of Birth/Age : |
17.02.1974 |
|
Date of Appointment : |
01.01.2002 |
|
PAN No.: |
ACMPA2650C |
|
DIN No.: |
00732690 |
|
|
|
|
Name : |
Mr. Bhupender Kaushik |
|
Designation : |
Director |
|
Address : |
A-34 Janyug Appartment, Rohini, Sector-14 Extn., Delhi-110085, India |
|
Date of Birth/Age : |
25.11.1964 |
|
Date of Appointment : |
05.08.2011 |
|
PAN No.: |
AIZPK2922J |
|
DIN No.: |
03612144 |
|
|
|
|
Name : |
Mr. Shiv Talwar Ram |
|
Designation : |
Director |
|
Address : |
C6/114B, Keshav Puram, Pocket C-6, Tri Nagar, Delhi, 110035, India |
|
Date of Appointment : |
17.08.2015 |
|
DIN No.: |
07181361 |
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|
|
|
Name : |
Mr. Pawan Gupta Kumar |
|
Designation : |
Director |
|
Address : |
H-158, Ashok Vihar, Ph-1, Block-H, Wazirpur-110052, Delhi, India |
|
Date of Appointment : |
17.08.2015 |
|
DIN No.: |
07181348 |
|
|
|
|
Name : |
Mr. Kamal Gupta Kishore |
|
Designation : |
Additional Director |
|
Address : |
Gali No. 10, Sanjay Colony, Narela, Delhi-110040, India |
|
Date of Appointment : |
04.07.2015 |
|
DIN No.: |
07250150 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Om Prakash Aggarwal |
|
222950 |
|
Abhilasha Aggarwal |
|
199050 |
|
Sanjay Aggarwal |
|
147500 |
|
Barathi Trade Links Private Limited, India |
|
240000 |
|
Indogulf Cropscience Private Limited, India |
|
340000 |
|
Om Prakash Aggarwal (HUF) |
|
184950 |
|
Rachita Aggarwal |
|
44400 |
|
Anshu Aggarwal |
|
86100 |
|
Sunita Aggarwal |
|
100 |
|
Green Agriasia Private Limited, India |
|
75000 |
|
Amrita Gupta |
|
50 |
|
Sanjay Aggarwal (HUF) |
|
19050 |
|
Tarun Kumar Bansal |
|
50 |
|
Vinita Gupta |
|
50 |
|
Total |
|
1559250 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Om Prakash Aggarwal |
|
76250 |
|
Sanjay Aggarwal |
|
48750 |
|
Total |
|
125000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
42.01 |
|
Directors or relatives of Directors |
57.99 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the manufacturing and trading activities of Agro Chemicals viz. Micro Nutrients, Pesticides, Fertilizers etc. for agriculture purposes. (Registered Activity) |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Mohit Parekh and Company Chartered Accountants |
|
Address : |
572, Second Floor, Gandhi Cloth Market, Chandni Chowk, Delhi, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAHPP2532M |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises which
are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,600,000 |
Equity Shares |
Rs.10/- each |
Rs. 16.000 Million |
|
150,000 |
Preference Shares |
Rs.10/- each |
Rs. 1.500 Million |
|
|
Total
|
|
Rs. 17.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,559,250 |
Equity Shares |
Rs.10/- each |
Rs. 15.593
Million |
|
125,000 |
Preference Shares |
Rs.10/- each |
Rs. 1.250
Million |
|
|
Total
|
|
Rs. 16.843 Million |
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 |
|
|
|
|
(a) Share Capital |
16.843 |
16.843 |
16.843 |
|
(b) Reserves & Surplus |
566.010 |
454.357 |
360.610 |
|
(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) |
582.853 |
471.200 |
377.453 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
40.912 |
29.145 |
32.712 |
|
(b) Deferred tax liabilities (Net) |
6.846 |
1.549 |
0.708 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
47.758 |
30.694 |
33.420 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
220.302 |
182.262 |
199.062 |
|
(b) Trade
payables |
568.337 |
245.323 |
275.606 |
|
(c) Other
current liabilities |
153.241 |
129.316 |
94.521 |
|
(d) Short-term
provisions |
29.020 |
70.550 |
51.965 |
|
Total Current
Liabilities (4) |
970.900 |
627.451 |
621.154 |
|
|
|
|
|
|
TOTAL |
1601.511 |
1129.345 |
1032.027 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
203.827 |
115.900 |
84.476 |
|
(ii)
Intangible Assets |
2.064 |
2.999 |
0.000 |
|
(iii)
Capital work-in-progress |
7.745 |
44.208 |
28.185 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
27.982 |
7.653 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
130.875 |
132.536 |
120.459 |
|
(e) Other
Non-current assets |
3.110 |
2.610 |
6.622 |
|
Total Non-Current
Assets |
375.603 |
305.906 |
239.742 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
734.035 |
456.609 |
469.475 |
|
(c) Trade
receivables |
442.223 |
278.661 |
285.331 |
|
(d) Cash
and cash equivalents |
3.335 |
6.977 |
3.081 |
|
(e)
Short-term loans and advances |
28.977 |
69.558 |
25.480 |
|
(f) Other
current assets |
17.338 |
11.634 |
8.918 |
|
Total
Current Assets |
1225.908 |
823.439 |
792.285 |
|
|
|
|
|
|
TOTAL |
1601.511 |
1129.345 |
1032.027 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2009.662 |
1437.083 |
1342.032 |
|
|
|
Other Income |
6.843 |
4.780 |
7.338 |
|
|
|
TOTAL (A) |
2016.505 |
1441.863 |
1349.370 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1285.042 |
738.758 |
709.885 |
|
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
82.379 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(125.264) |
63.855 |
(63.799) |
|
|
|
Employees benefits expense |
95.609 |
73.539 |
60.625 |
|
|
|
Other expenses |
592.442 |
439.042 |
416.921 |
|
|
|
Extra Ordinary Items |
(1.529) |
(0.450) |
0.023 |
|
|
|
Prior Period items |
0.000 |
0.000 |
0.033 |
|
|
|
TOTAL (B) |
1846.300 |
1314.744 |
1206.067 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
170.205 |
127.119 |
143.303 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
23.837 |
17.084 |
22.195 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
146.368 |
110.035 |
121.108 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
24.297 |
17.595 |
14.144 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX (E-F) (G) |
122.071 |
92.440 |
106.964 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
10.418 |
(1.435) |
28.007 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
111.653 |
93.875 |
78.957 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
79.283 |
63.306 |
5.388 |
|
|
TOTAL EARNINGS |
79.283 |
63.306 |
5.388 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
53.402 |
73.971 |
|
|
|
Capital Goods |
2.086 |
0.227 |
0.914 |
|
|
TOTAL IMPORTS |
2.086 |
53.629 |
74.885 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
|
|
|
|
|
|
Basic |
71.61 |
60.21 |
50.64 |
|
|
|
Diluted |
66.29 |
55.74 |
47.67 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
5.226 |
4.382 |
0.924 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
82.276 |
144.563 |
52.250 |
|
Net cash flows from (used in) operating activities |
61.228 |
113.770 |
24.356 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.56 |
6.53 |
5.88 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.47 |
8.85 |
10.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.80 |
8.58 |
10.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.20 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.46 |
0.46 |
0.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26 |
1.31 |
1.28 |
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 |
16.843 |
16.843 |
16.843 |
|
Reserves & Surplus |
360.610 |
454.357 |
566.010 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
377.453 |
471.200 |
582.853 |
|
|
|
|
|
|
long-term borrowings |
32.712 |
29.145 |
40.912 |
|
Short term borrowings |
199.062 |
182.262 |
220.302 |
|
Current maturities of
long-term debts |
0.924 |
4.382 |
5.226 |
|
Total
borrowings |
232.698 |
215.789 |
266.440 |
|
Debt/Equity
ratio |
0.616 |
0.458 |
0.457 |
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) |
|
Sales |
1342.032 |
1437.083 |
2009.662 |
|
|
|
7.083 |
39.843 |
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 |
1342.032 |
1437.083 |
2009.662 |
|
Profit |
78.957 |
93.875 |
111.653 |
|
|
5.88% |
6.53% |
5.56% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
No |
|
8] |
Designation of contact person |
No |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
No |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The registered office of the company has been shifted from M-4, Aradhana Bhawan, Commercial Complex, Azadpur, Delhi-110033, India to the present address w.e.f. 03.11.2010.
UNSECURED LOAN
|
Particular |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Other loans and advances (other than related parties (unsecured) : Rs. 3.403 Million From related parties - (unsecured) : 16.881 Million) |
20.284 |
9.672 |
|
Short-term
borrowings |
|
|
|
Other loans and advances, others (Cash credit from banks : 153.010 Million Overdraft from banks : 8.769 Million Buyer's credit loan : 58.522 Million) |
220.302 |
182.262 |
|
Total |
240.586 |
191.934 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10382154 |
24/08/2012 |
18,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B60320256 |
|
2 |
10079037 |
15/03/2007 |
650,000.00 |
CENTURION BANK OF PUNJAB LIMITED |
2ND FLOOR, INDIAN EXPRESS BUILDING, BAHADUR SHAH |
A28500338 |
|
3 |
10033998 |
26/10/2006 |
1,700,000.00 |
CENTURION BANK OF PUNJAB LIMITED |
B-11,GUJRANWALA TOWN PART-I,OPP.MODEL TOWN, RING |
A07710320 |
|
4 |
10028568 |
26/10/2006 |
12,648,000.00 |
CENTURION BANK OF PUNJAB LIMITED |
B-11,GUJRANWALA TOWN PART-I,OPP.MODEL TOWN, RING ROAD, DELHI,
Delhi - 110033, INDIA |
A07710882 |
|
5 |
80016721 |
04/11/2004 |
4,500,000.00 |
BANKOFPUNJABLIMITED |
B-11 GUJRAWALAN TOWN, RING ROAD, DELHI, Delhi - 110009, INDIA |
- |
|
6 |
80016735 |
11/10/2014 * |
558,750,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C38625299 |
|
7 |
80016722 |
27/10/2006 * |
2,000,000.00 |
CENTURION BANK OF PUNJAB LIMITED |
B-11,GUJRANWALA TOWN PART-I,OPP.MODEL TOWN, RING |
- |
|
8 |
80016725 |
17/02/2004 |
2,000,000.00 |
BANKOFPUNJABLIMITED |
B-11 GUJRAWAL TOWN, RING ROAD, DELHI, Delhi - 110009, INDIA |
- |
|
9 |
80016726 |
17/02/2004 |
2,500,000.00 |
BANKOFPUNJABLIMITED |
B-11 GUJRAWAL TOWN, RING ROAD, DELHI, Delhi - 110009, INDIA |
- |
|
10 |
80016731 |
26/10/2006 * |
51,000,000.00 |
CENTURION BANK OF PUNJAB LIMITED |
B-11,GUJRANWALA TOWN PART-I,OPP.MODEL TOWN, RING |
- |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Bank guarantees outstanding |
0.218 |
0.475 |
|
Demand agaist vat raised by raipur and maharashtra state matter Subjudice |
-- |
-- |
|
Claim lodged by farmer in Consumer form at fatehabad and matter under subjudice |
29.109 |
-- |
|
Letters of credit outstanding equivalent to INR |
34.646 |
29.584 |
FIXED ASSETS
- Land
- Building
- Furniture and Fixture
- Plant and Machinery
- Computer
- Office Equipment
- Vehicle
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.66.61 |
|
|
1 |
Rs.100.34 |
|
Euro |
1 |
Rs.70.66 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
|
--PROFITABILITY |
1~10 |
6 |
|
--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 |
|
49 |
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.