MIRA INFORM REPORT
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Report No. : |
345843 |
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Report Date : |
24.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
BROADWAY AGRO AGENCIES PRIVATE LIMITED |
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Registered
Office : |
Broad View Hotel, Sanjauli, Shimpla – 171006, Himanchal Pradesh |
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Tel. No.: |
91-177-2842938 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
21.07.2000 |
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Com. Reg. No.: |
06-023852 |
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Capital
Investment / Paid-up Capital : |
Rs.1.350 Million |
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CIN No.: [Company Identification
No.] |
U24129HP2000PTC023852 |
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IEC No.: |
2207002497 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCB7239A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Importer and Trader of agro chemicals including pesticides,
fertilizers agricultural, petroleum oils, packaging material, Apple Trays
Cartoons Chemicals etc. |
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No. of Employees
: |
12 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (29) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit
Limit : |
USD 27000 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is small company incorporated in the year 2007. For the financial year ended 2015, the company has achieved minimal
sales turnover. It has limited scale of operation and small net worth
position. Trade relations are fair. Business is active. Payments are slow but
correct. The company can be considered for business dealings with soma caution.
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NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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.
INFORMATION PARTED BY
|
Name : |
Mr. Rakesh Ahuja |
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Designation : |
Director |
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Contact No.: |
91-177-2842938 |
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Date : |
23.10.2015 |
LOCATIONS
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Registered Office : |
Broad View Hotel, Sanjauli, Shimpla – 171006, Himanchal Pradesh, India
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Tel. No.: |
91-177-2842938 |
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Mobile No.: |
91-9816022122 (Rakesh) |
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Fax No.: |
91-177-2843774 |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Rakesh Ahuja |
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Designation : |
Managing Director |
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Address : |
37, Braud View, Braud View Hotel, Shimla - 171006, Himachal Pradesh, India |
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Date of Birth/Age : |
16.11.1955 |
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Date of Appointment : |
21.07.2000 |
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DIN No.: |
01935813 |
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Name : |
Ms. Ritika Ahuja |
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Designation : |
Director |
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Address : |
37, Braud View, Braud View Hotel, Shimla - 171006, Himachal Pradesh, India |
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Date of Appointment : |
21.07.2000 |
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DIN No.: |
01935862 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Rakesh Ahuja |
10000 |
74.07 |
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Ritika Ahuja |
3000 |
22.22 |
|
Rupal Ahuja |
500 |
3.70 |
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Total |
13500 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Importer and Trader of agro chemicals including pesticides,
fertilizers agricultural, petroleum oils, packaging material, Apple Trays
Cartoons Chemicals etc. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Agro Chemical |
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Countries : |
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Terms : |
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Selling : |
L/C and Cheque |
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Purchasing : |
L/C and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
12 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
Vinod Kumar and Associates Chartered Accountants |
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Address : |
House No. 1048, Sector 18C, Chandigarh – 160018, India |
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Tel. No.: |
91-172-5077789 / 5077790 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFV0820A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Rohini Enterprises |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
15000 |
Equity Shares |
Rs.100/- each |
Rs.1.500 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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13500 |
Equity Shares |
Rs.100/- each |
Rs.1.350
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
1.350 |
1.350 |
1.350 |
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(b) Reserves & Surplus |
8.036 |
6.153 |
5.069 |
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(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) |
9.386 |
7.503 |
6.419 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long term
liabilities |
0.103 |
1.304 |
0.431 |
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(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
0.103 |
1.304 |
0.431 |
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(4) Current Liabilities |
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(a) Short term borrowings |
-0.056 |
0.000 |
0.000 |
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(b) Trade payables |
4.448 |
3.919 |
0.085 |
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(c) Other current liabilities |
1.216 |
2.633 |
3.189 |
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(d) Short-term provisions |
0.769 |
0.772 |
1.223 |
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Total
Current Liabilities (4) |
6.377 |
7.324 |
4.497 |
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TOTAL |
15.866 |
16.131 |
11.347 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
0.488 |
0.570 |
0.215 |
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(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
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(e) Other Non-current assets |
0.396 |
0.427 |
0.306 |
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Total
Non-Current Assets |
0.884 |
0.997 |
0.521 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
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(b) Inventories |
1.610 |
1.838 |
0.987 |
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(c) Trade receivables |
5.813 |
6.147 |
0.635 |
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(d) Cash and cash equivalents |
1.091 |
2.882 |
2.726 |
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(e) Short-term loans and
advances |
6.054 |
3.652 |
5.086 |
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(f) Other current assets |
0.414 |
0.615 |
1.392 |
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Total
Current Assets |
14.982 |
15.134 |
10.826 |
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|
|
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TOTAL |
15.866 |
16.131 |
11.347 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
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|
SALES |
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Income |
11.331 |
6.962 |
1.944 |
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Other Income |
3.483 |
3.657 |
1.625 |
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TOTAL (A) |
14.814 |
10.619 |
3.569 |
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Less |
EXPENSES |
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Cost of Materials Consumed |
0.000 |
0.000 |
0.967 |
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Purchases of Stock-in-Trade |
10.758 |
7.580 |
0.000 |
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Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
0.228 |
0.488 |
0.931 |
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Employees benefits expense |
0.905 |
0.979 |
0.667 |
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Other expenses |
0.310 |
0.726 |
0.222 |
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TOTAL (B) |
12.201 |
9.773 |
2.787 |
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Less |
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C) |
2.613 |
0.846 |
0.782 |
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Less |
FINANCIAL EXPENSES (D) |
0.032 |
0.061 |
0.004 |
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PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
2.581 |
0.785 |
0.778 |
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Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
0.082 |
0.035 |
0.018 |
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PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
2.499 |
0.750 |
0.760 |
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Less |
TAX (H) |
0.616 |
0.941 |
0.227 |
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PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
1.884 |
(0.191) |
0.533 |
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Expected Sales (2015-2016) : Rs.100.000 Million
The above information has been parted by Mr. Rakesh Ahuja (Director)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
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Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
16.63 |
(2.74) |
27.42 |
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Operating Profit Margin (PBIDT/Sales) |
(%) |
23.06 |
12.15 |
40.23 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
15.75 |
4.65 |
6.70 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.27 |
0.10 |
0.12 |
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Debt Equity Ratio (Total Debt /Networth) |
|
(0.01) |
0.00 |
0.00 |
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|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.35 |
2.07 |
2.41 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
1.350 |
1.350 |
1.350 |
|
Reserves & Surplus |
5.069 |
6.153 |
8.036 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
6.419 |
7.503 |
9.386 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
(0.056) |
|
Total
borrowings |
0.000 |
0.000 |
(0.056) |
|
Debt/Equity
ratio |
0.000 |
0.000 |
(0.006) |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1.944 |
6.962 |
11.331 |
|
|
|
258.128 |
62.755 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1.944 |
6.962 |
11.331 |
|
Profit |
0.533 |
(0.191) |
1.884 |
|
|
27.42% |
(2.74%) |
16.63% |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL RESULTS (As
on 31.03.2014)
They are pleased to present the Audit Balance Sheet of the company as at
31.03.2014 and the Statement of Expenditure for the year ended on that date
along with Annual Report on the operations of the company.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10539287 |
23/12/2014 |
4,000,000.00 |
Punjab National Bank |
The Mall Shimla, Shimla, Himachal Pradesh - 171001, INDIA |
C38363818 |
FIXED ASSETS
- Furniture and
Fixture
- Computer
- Office
Equipment
- Vehicle
- Mobile Phone
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.64.88 |
|
|
1 |
Rs.99.88 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
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 |
4 |
|
--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 |
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 |
|
29 |
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.