|
|
|
MIRA INFORM REPORT
|
Report No. : |
490467 |
|
Report Date : |
08.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SATARA MEGA FOOD PARK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
BVG House, Premiser Plaza Pune – Mumbai Road, Above ICICI Bank,
Chinchwad, Pune – 411019, Maharashtra |
|
Tel. No.: |
Not Available |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
22.02.2012 |
|
|
|
|
Com. Reg. No.: |
11-142334 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 1.153 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15490PN2012PTC142334 |
|
|
|
|
IEC No.: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
|
|
GSTIN : |
Not Divulged |
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|
|
|
PAN No.: [Permanent Account No.] |
AARCS2889P |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
The Subject primary objective is to provide adequate
infrastructure for food processing industry enabling empowerment of farmers (Registered
activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 2012 and it is yet to commence its commercial operations. As per indirect source we could find that the food park will include warehouse facility, cold storage, processing lines, food processing units, etc. Further we could find that, this food park will be set up under the “Mega Food Park Scheme” which is an approved project under the “Ministry of Food Processing Industries” which will provide operational and financial support for setting up facilities to link agriculture production and create income and employment opportunities. Moreover as per available financials of 2016, the company’s subdued financial risk profile is marked by some pre-operating losses which has resulted into negative reserve level and partly debt- funded project. Rating reflects the company’s exposure to risk related to implementation of the project, which is in the initial stage and timely receipt of government grants. However, these rating gets partially offset by its promoter’s extensive experience and their funding support. Payments are reported to be unknown. In view of aforesaid, the company can be considered for business dealing with some caution. Note: Management has not filed its financials for the year 2017 with Government Registry. |
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low
Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High
Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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
31-03-2016.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 08.02.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE: Tel. No.: 91-9130035069
LOCATIONS
|
Registered Office : |
BVG House, Premiser Plaza Pune – Mumbai Road, Above ICICI Bank, Chinchwad,
Pune – 411019, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Site Office: |
Flat No. 2, Vijay Heights, Visava Naka, Satara - 415002, Maharashtra, India |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sadashiv Santaram Survase |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
A/1, Laxmipuram S.No. 157/A/2, Yerwada, Pune – 411006,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2016 |
||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
01541589 |
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mrs. Vaishali Hanmantrao Gaikwad |
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Designation : |
Director |
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Address : |
250, Kawade Nagar, New Sanghvi, Pune – 411027,
Maharashtra, India |
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Date of Birth/Age : |
13.01.1975 |
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Date of Appointment : |
22.02.2012 |
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DIN No.: |
01597289 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Umesh Gautam Mane |
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Designation : |
Director |
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|
Address : |
55/1, Kawade Nagar, Devkar Road, New Sangvi, Pune –
411027, Maharashtra, India |
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|
Date of Birth/Age : |
22.08.1970 |
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Date of Appointment : |
22.02.2012 |
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DIN No.: |
01597365 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Hanmantrao Gaikwad |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
250, Kawade Nagar, New Sanghvi, Pune – 411027,
Maharashtra, India |
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Date of Birth/Age : |
21.10.1972 |
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Date of Appointment : |
22.02.2012 |
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DIN No.: |
01597742 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Dinesh Tarachand Waghmare |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
Vikas, Ceo, Zp Residence Civil Lines, Yavatmal – 445001,
Maharashtra, India |
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|
Date of Appointment : |
24.09.2015 |
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DIN No.: |
01843097 |
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Vikas Vyankat Nipane |
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Designation : |
Director |
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|
Address : |
A/P Alankar, Sect-28, Plot 237 Pradhikaran, Nigdi, Pune –
411044, Maharashtra, India |
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Date of Birth/Age : |
24.11.1976 |
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Date of Appointment : |
22.02.2012 |
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DIN No.: |
03359189 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
No. of Shares |
%age |
|
Hanmantrao Gaikwad |
37079 |
32.17 |
|
Umesh Gautam Mane |
20052 |
17.40 |
|
Vaishali Hanmantrao Gaikwad |
32299 |
28.02 |
|
Vikas Vyankat Nipane |
25840 |
22.42 |
|
Total |
115270 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject primary objective is to provide adequate
infrastructure for food processing industry enabling empowerment of farmers (Registered
activity) |
|
|
|
|
Brand Names : |
Not Divulged |
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|
|
|
Agencies Held : |
Not Divulged |
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|
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Exports : |
Not Divulged |
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|
|
|
Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
Term loan from bank carries an interest rate of bank rate plus 2.75%. and Is repayable in 29 equal quarterly installments commencing quarter ending 30 September 2017 Securities: The Securities offered for these term loans are as follows, 1, First charges on all movable and immovable fixed asset of the company present and future. 2, First charges on all the current assets of the Company |
|
Auditors : |
|
|
Name : |
ANRK and Associates LLP Chartered Accountants |
|
Address : |
2nd Floor, Shreeram Apartments, 1244B Apartment, Deccan
Gymkhan, Pune – 411004, Maharashtra, India |
|
Tel. No.: |
91-20-25530144 |
|
Fax No.: |
91-20-25530144 |
|
Memberships No.: |
135735 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAVFA1342G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Other related parties : |
|
CAPITAL STRUCTURE
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000000 |
Equity Shares |
INR 10/- each |
INR 350.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
115270 |
Equity Shares |
INR 10/- each |
INR 1.153
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1.153 |
1.153 |
1.153 |
|
(b) Reserves & Surplus |
391.879 |
228.296 |
238.787 |
|
(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) |
393.032 |
229.449 |
239.940 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
208.916 |
80.867 |
9.264 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
15.655 |
5.268 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
224.571 |
86.135 |
9.264 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
2.895 |
2.711 |
0.280 |
|
(c) Other current liabilities |
10.150 |
4.365 |
16.821 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.371 |
|
Total
Current Liabilities (4) |
13.045 |
7.076 |
17.472 |
|
|
|
|
|
|
TOTAL |
630.648 |
322.660 |
266.676 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
262.902 |
262.878 |
262.851 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
217.820 |
54.228 |
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 |
48.725 |
1.350 |
1.211 |
|
(e) Other Non-current assets |
1.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
530.447 |
318.456 |
264.062 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and cash equivalents |
100.064 |
4.152 |
2.592 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.022 |
|
(f) Other current assets |
0.137 |
0.052 |
0.000 |
|
Total
Current Assets |
100.201 |
4.204 |
2.614 |
|
|
|
|
|
|
TOTAL |
630.648 |
322.660 |
266.676 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
0.000 |
0.000 |
0.000 |
|
|
Other Income |
0.172 |
0.060 |
0.000 |
|
|
TOTAL
|
0.172 |
0.060 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
0.000 |
0.962 |
1.586 |
|
|
Other expenses |
0.401 |
9.545 |
1.795 |
|
|
TOTAL |
0.401 |
10.507 |
3.381 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
(0.229) |
(10.447) |
(3.381) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.042 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(0.229) |
(10.489) |
(3.381) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.027 |
0.002 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(0.256) |
(10.491) |
(3.381) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(0.256) |
(10.491) |
(3.381) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(18.242) |
(7.751) |
(4.370) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(18.498) |
(18.242) |
(7.751) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
(2.22) |
(91.01) |
(29.34) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
(15.787) |
11.322 |
|
Net cash flow from operating activity |
NA |
(15.787) |
11.322 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Total Income * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Total Income /
Sundry Debtors) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.00 |
(0.03) |
(0.01) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.35 |
0.27 |
0.10 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.53 |
0.35 |
0.04 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.03 |
0.03 |
0.07 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.22 |
1.38 |
1.10 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.00 |
(248.74) |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(148.84) |
(17485.00) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(0.04) |
(3.25) |
(1.27) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(0.07) |
(4.57) |
(1.41) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
7.68 |
0.59 |
0.15 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
7.68 |
0.59 |
0.15 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.62 |
0.71 |
0.90 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
181.19 |
70.14 |
8.03 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
7.68 |
0.59 |
0.15 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
1.153 |
1.153 |
1.153 |
|
Reserves & Surplus |
238.787 |
228.296 |
391.879 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
239.940 |
229.449 |
393.032 |
|
|
|
|
|
|
Long Term borrowings |
9.264 |
80.867 |
208.916 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
9.264 |
80.867 |
208.916 |
|
Debt/Equity
ratio |
0.039 |
0.352 |
0.532 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
0.000 |
0.060 |
0.172 |
|
|
|
|
186.667 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
0.000 |
0.060 |
0.172 |
|
Profit |
(3.381) |
(10.491) |
(0.256) |
|
|
|
(17485.00%) |
(148.84%) |
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) |
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 |
BACKGROUND
Subject was incorporated on 22 February 2012. Its registered office is situated at Pune. The Company is working in association with Ministry of Food Processing Industries of Government of India. The Company's primary objective is to provide adequate infrastructure for food processing industry enabling empowerment of farmers. The Company has not started its commercial operations during the year.
PRINCIPAL BUSINESS
ACTIVITIES
The principal business activities of the Company as specified in the Memorandum of Association of the Company are to provide adequate and excellent Infrastructure facilities for food processing units along the value chain from farm to market, Infrastructure near the farms, collection centers, transportation, logistics and Centralized Processing Centre (CPC), Primary Processing Centre (PPC) and Collection Centers (CCs) in identified locations and to facilitate the food processing units to meet environmental safety and social standards and setting up, construction, maintenance, operation and promote food and agro processing industries, food technology parks, food technology services parks, agro bio parks, industrial parks and to carryon the business of research and development on agriculture, horticulture and food products and to carryon the business of transportation.
REVIEW OF BUSINESS
OPERATIONS
The Company has not yet started its commercial operations during the financial year. The revenue of INR 0.172 Million is non-operative and is generated through tender process to start commercial operations.
FUTURE OUTLOOK
The Board is exploring the business opportunities and planning to start its commercial operation and to penetrate into new markets in this financial year.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Term Loan from Directors |
73.298 |
70.768 |
|
(The term loans have a personal guarantee of directors viz. Mr. Hanmantrao Gaikwad. Mr. Umesh Mane and Mrs. Vaishali Gaikwad The unsecured loans from directors are interest free and
repayable on demand.) |
|
|
|
Total |
73.298 |
70.768 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
C31754773 |
10523545 |
Union Bank of India |
10/09/2014 |
10/10/2014 |
- |
550000000.0 |
Industrial Finance Branch, 619-Sachapir Street, Camp, Pune – 411001, Maharashtra, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Bank guarantee |
1.000 |
0.000 |
|
Estimated contracts remaining to be executed on capital account and not provided for (net of advances) |
236.597 |
41.678 |
FIXED ASSETS
- Freehold Land
- Furniture and Fixtures
- Office Equipment
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
|
INR |
|
US Dollar |
1 |
INR 64.13 |
|
|
1 |
INR 89.49 |
|
Euro |
1 |
INR 79.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVT |
|
|
|
|
Analysis Done by
: |
NSR |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.