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%20PRIVATE%20LIMITED%20-%20493250_MIRA%2020-Feb-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20493250_MIRA%2020-Feb-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20493250_MIRA%2020-Feb-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
493250 |
|
Report Date : |
20.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
MAHAFEED SPECIALITY FERTILIZERS (INDIA) PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
PIONEER AGRI-TECHNOSCAN AND EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Office No.114, 'City Mall', 1st Floor, S No.132/B/1, Ganesh Khind
Road, Near Pune University, Pune-411007, Maharashtra |
|
Tel. No.: |
91-20-66405736/ 37 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
08.04.1994 |
|
|
|
|
Com. Reg. No.: |
11-077630 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 5.042 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70200MH1994PTC077630 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
3198002648 |
|
|
|
|
GSTRN : [Goods & Service Tax
Registration No.] |
27AABCP0342G1ZT |
|
|
|
|
TIN No.: |
27820001825 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNEP02054D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP0342G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Wholesaler trading of fertilizers and organic products. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject was incorporated in the year 1994. It is engaged in importing,
manufacturing and marketing of agro inputs products. As per the financial records of 2017, the company has achieved a
satisfactory net profit margin of 13.18% but has reported a decline in its
revenue as compared to the previous year. The overall financial position of the company seems to be sound marked
by above average net worth base along with negligible debt level, favourable gap
between its trade receivables and trader payable and comfortable liquidity
parameters. Rating takes into consideration the company’s healthy earnings per
share (EPS) of INR 196 as against its face value (FV) of INR 10. Business is active. Payments seems to be regular. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition.
|
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 |
|
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 20.02.2018
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 BY
91-20-66405736 (Management non cooperative)
LOCATIONS
|
Registered /Corporate Office : |
Office No.114, 'City Mall', 1st Floor, S No.132/B/1, Ganesh Khind
Road, Near Pune University, Pune-411007, Maharashtra, India |
|
Tel. No.: |
91-20-66405736/ 37 |
|
Fax No.: |
91-20-66405738 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Gat No.281/1, Plot No. 21, At. Kasar Amboli, Tal. Mulshi,
District Pune - 412108 |
|
|
|
|
Factory 2 : |
Gat No. 383, AT Post Urawade, Taluka Mulshi, District Pune - 412111, Maharashtra, India |
|
|
|
|
Branch Office 1 : |
Shop No.169 to 174 and 181 To 185, Vyapari Bhavan, In front of Police Station, Pimpalgaon (B), Taluka Niphad, District Nashik, Maharashtra, India |
|
|
|
|
Branch Office 2: |
Plot No.12., Sahyadrinagar, Behind Sahyadri Dhaba, Wakahri - Easbavi Area, Wakahri, Taluka - Pandharpur, District Solapur, Maharashtra, India |
|
|
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Branch Office 3: |
Plot No. C- 60, M.I.D.C. Avdhan , Taluka Dhule, Maharashtra, India |
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|
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Branch Office 4: |
Shop No.6 to 11, Khujat Sankul S.No.224/3A - 3B, Atpadi Road, Taluka Tasgaon, District Sangli – 416312, Maharashtra, India |
|
|
|
|
Branch Office 5: |
M-43, Phase-IV, MIDC, Shop No.06, Akola, Maharashtra, India |
|
|
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Branch Office 6: |
C/o. Bharat Krishi Kendra Tendua Road, Yaduvanshi Chowk, Hirapur, Raipur - 492001 Chhattisgarh, Maharashtra, India |
|
|
|
|
Branch Office 7: |
Tejas Bungalow "No.1, Near Canol, Army Office
Society, Sadar Bazar, Satara, |
|
|
|
|
Branch Office 9: |
Plot No.16, Gat No. 896, Bhusaval - Faizpur Road AT Amoda, Taluka Yawal, District Jalgaon – 425522, Maharashtra, India |
|
|
|
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Branch Office 10: |
Sr. No. 277/10, SDA Compound, Kailod Hala, Devas Naka, Taluka and District - Indore, Madhya Pradesh, India |
|
|
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Branch Office 11: |
Godown No.1, Maheshwari Bhuwan, Station Road, A/p Bajwa, District Vadodara, Gujarat, India |
|
|
|
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Branch Office 12: |
SY. No. 105/1, Site No. 2 and 3, New RTO Road, Near Vishwa Vidhya Peetha School, Doddaballapura Road, Singanayakanahalli, Bangalore - 560064 Karnataka, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Dr. Trimbakrao Tulshiram Patil |
|
Designation : |
Managing Director |
|
Address : |
Plot No. 6A, Kohinoor Planet, Near Spicer College, Anudh, Pune –
411007, Maharashtra, India |
|
Qualification: |
M.Sc. (Agri.) PH.D. |
|
Experience: |
36 years |
|
Date of Birth/Age : |
16.02.1948 |
|
Date of Appointment : |
08.04.1994 |
|
DIN No.: |
00615579 |
|
|
|
|
Name : |
Mr. Praveen Trimbakrao Patil |
|
Designation : |
Whole-time director |
|
Address : |
Plot No. 6/A, Kohinoor Planet, Near Spicer College, Anudh, Pune –
411007, Maharashtra, India |
|
Date of Birth/Age : |
25.04.1975 |
|
Qualification: |
B.E (Chem.) M.B.A. (Marketing) |
|
Experience: |
21 years |
|
Date of Appointment : |
08.04.1994 |
|
DIN No.: |
00615511 |
KEY EXECUTIVES
|
Name : |
Shailesh Indapurkar and Associates |
|
Designation : |
Company Secretary |
|
Address : |
Radha Ramkrishna Society, Flat No.5, 1st Floor, 1626,
Sadashiv Peth, Gopal Gayan Samaj Road, Pune – 411030, Maharashtra, India |
|
Tel. No: |
91-20-24338629 |
|
Mobile: |
91-9881257930 |
|
Email: |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Praveen Trimbakrao Patil |
|
302544 |
|
Trimbakrao Tulshiram Patil |
|
10 |
|
Sindhubai Trimbakrao Patil jointly with Trimbakrao Tulshiram Patil |
|
100843 |
|
Trimbakrao Tulshiram Patil jointly with Sindhubai Trimbakrao Patil |
|
100843 |
|
Total |
|
504240 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20493250_MIRA%2020-Feb-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Wholesaler trading of fertilizers and organic products. [Registered
Activity] |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
RMR Shah and Company Chartered Accountants |
|
Address : |
Office No.208, 209, Nav Maharashtra House, 43, Shaniwar Peth, Pune –
411030, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAJFR0709G |
|
|
|
|
Memberships : |
Not Available |
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|
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|
Collaborators : |
Not Available |
|
|
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|
Enterprises in which key management personnel exercises significant
influence : |
· Nutriahar Speciality Fertilizers Private Limited · Richfield Fertilizers Private Limited |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
INR 10/- each |
INR 7.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
504240 |
Equity Shares |
INR 10/- each |
INR 5.042 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
5.042 |
5.042 |
5.042 |
|
(b) Reserves & Surplus |
443.710 |
344.761 |
281.245 |
|
(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) |
448.752 |
349.803 |
286.287 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
18.116 |
51.269 |
71.762 |
|
(b) Deferred tax liabilities (Net) |
4.721 |
5.491 |
5.806 |
|
(c) Other long term
liabilities |
12.566 |
13.065 |
10.933 |
|
(d) long-term
provisions |
2.972 |
2.441 |
1.888 |
|
Total Non-current
Liabilities (3) |
38.375 |
72.266 |
90.389 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
1.960 |
10.853 |
0.000 |
|
(b) Trade
payables |
85.614 |
83.697 |
98.762 |
|
(c) Other
current liabilities |
5.850 |
3.717 |
3.095 |
|
(d) Short-term
provisions |
(0.270) |
6.041 |
38.889 |
|
Total Current
Liabilities (4) |
93.154 |
104.308 |
140.746 |
|
|
|
|
|
|
TOTAL |
580.281 |
526.377 |
517.422 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
188.006 |
195.086 |
201.917 |
|
(ii)
Intangible Assets |
0.356 |
0.297 |
0.453 |
|
(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 |
0.000 |
|
(e) Other
Non-current assets |
0.488 |
0.566 |
0.692 |
|
Total Non-Current
Assets |
188.850 |
195.949 |
203.062 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
115.200 |
20.523 |
2.564 |
|
(b)
Inventories |
159.386 |
156.508 |
151.353 |
|
(c) Trade
receivables |
95.198 |
127.674 |
122.930 |
|
(d) Cash
and cash equivalents |
11.276 |
17.987 |
30.917 |
|
(e)
Short-term loans and advances |
10.064 |
7.451 |
6.200 |
|
(f) Other
current assets |
0.307 |
0.285 |
0.396 |
|
Total
Current Assets |
391.431 |
330.428 |
314.360 |
|
|
|
|
|
|
TOTAL |
580.281 |
526.377 |
517.422 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
750.589 |
860.522 |
914.656 |
|
|
Other Income |
16.072 |
15.268 |
14.741 |
|
|
TOTAL |
766.661 |
875.790 |
929.397 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
477.130 |
551.836 |
615.179 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2.879) |
(5.155) |
(20.432) |
|
|
Employees benefits
expense |
83.922 |
79.469 |
64.710 |
|
|
Other expenses |
46.458 |
61.812 |
54.492 |
|
|
TOTAL |
604.631 |
687.962 |
713.949 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
162.030 |
187.828 |
215.448 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
6.331 |
11.470 |
12.970 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
155.699 |
176.358 |
202.478 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.898 |
6.856 |
7.101 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
147.801 |
169.502 |
195.377 |
|
|
|
|
|
|
|
Less |
TAX |
48.852 |
57.342 |
70.060 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
98.949 |
112.160 |
125.317 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
344.174 |
280.659 |
190.846 |
|
|
|
|
|
|
|
Add |
Adjustment related to
depreciation |
0.000 |
(0.097) |
(0.339) |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Interim Equity Dividend |
0.000 |
40.339 |
18.959 |
|
|
Proposed Final Equity
Dividend |
37.818 |
0.000 |
10.348 |
|
|
Dividend Distribution Tax
|
0.000 |
8.209 |
5.858 |
|
|
Total (M) |
37.818 |
48.548 |
35.165 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
405.305 |
344.174 |
280.659 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
196.00 |
222.43 |
248.53 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
174.351 |
118.375 |
142.864 |
|
Net cash flow from operating activity |
124.730 |
52.807 |
66.967 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
46.29 |
54.15 |
49.06 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.88 |
6.74 |
7.44 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
65.49 |
55.36 |
58.60 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.02 |
1.20 |
1.42 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.86 |
0.96 |
1.06 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.19 |
0.30 |
0.41 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.04 |
0.18 |
0.25 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
0.21 |
0.30 |
0.49 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.42 |
0.56 |
0.71 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
25.59 |
16.38 |
16.61 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
13.18 |
13.03 |
13.70 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
17.05 |
21.31 |
24.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
22.05 |
32.06 |
43.77 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
4.20 |
3.17 |
2.23 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
2.49 |
1.67 |
1.16 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.77 |
0.66 |
0.55 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.98 |
12.32 |
14.23 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
4.20 |
3.17 |
2.23 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are in
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
5.042 |
5.042 |
5.042 |
|
Reserves & Surplus |
281.245 |
344.761 |
443.710 |
|
Net
worth |
286.287 |
349.803 |
448.752 |
|
|
|
|
|
|
long-term borrowings |
71.762 |
51.269 |
18.116 |
|
Short term borrowings |
0.000 |
10.853 |
1.960 |
|
Total
borrowings |
71.762 |
62.122 |
20.076 |
|
Debt/Equity
ratio |
0.251 |
0.178 |
0.045 |
%20PRIVATE%20LIMITED%20-%20493250_MIRA%2020-Feb-2018_files/image022.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
914.656 |
860.522 |
750.589 |
|
|
|
(5.919) |
(12.775) |
%20PRIVATE%20LIMITED%20-%20493250_MIRA%2020-Feb-2018_files/image024.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
914.656 |
860.522 |
750.589 |
|
Profit |
125.317 |
112.160 |
98.949 |
|
|
13.70% |
13.03% |
13.18% |
%20PRIVATE%20LIMITED%20-%20493250_MIRA%2020-Feb-2018_files/image026.gif)
LEGALS
FILE
|
Bench:-Bombay |
|
Presentation Date:-06/01/2018 |
|||
|
Lodging No.:- |
ITXAL/85/2018 |
Filing Date:- |
06/01/2018 |
|
Petitioner:- PR. COMMISSIONER OF INCOME
TAX-6 |
|
Respondent:- MAHAFEED
SPECIALITY FERTILIZERS (INDIA) PRIVATE LIMITED |
|
Petn.Adv.:- SHAM V. WALVE (I3200) |
|
District:-MUMBAI |
|
Bench:- |
DIVISION |
||||
|
Status:- |
Pre-Admission |
Category:- |
TAX APPEALS |
|
Last Date:- |
15/01/2018 |
Stage:- |
|
Last Coram:- |
REGISTRAR(OS)/PROTHONOTARY & SR. MASTER |
|
Act :- |
Income Tax Act, 1961 |
Under Section:- |
260A |
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 |
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 two/ 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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS:
The total operational revenue of the Company has been decreased from INR
860.522 million to INR 750.589 million. The Company has earned a profit after
tax of INR 98.949 million as compared to INR 112.160 million in the previous
year.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C04363990 |
10493725 |
AXIS BANK LIMITED |
30/04/2014 |
- |
- |
75000000.0 |
214-215, 2ND FLOOR, CITY MALL, GANESHKHIND,PUNE UNIVERSITY ROADPUNEMH411007IN |
|
2 |
C81364523 |
10125956 |
THE AXIS BANK LIMITED |
29/09/2008 |
12/02/2016 |
- |
145000000.0 |
214-215, 2ND FLOOR, CITY MALL, GANESHKHIND,PUNE UNIVERSITY ROADPUNEMH411007IN |
|
3 |
C46640579 |
10072434 |
Citi Bank N.A. |
10/10/2007 |
22/01/2015 |
- |
145000000.0 |
FIRST INTERNATIONAL FINANCIAL CENTRE , 9TH FLOOR,PLOT NO.C-54, C-55, G-BLOCK, BKC, BANDRA (E)MUMBAIMH400051IN |
|
4 |
C04071122 |
10323639 |
CITIBANK N. A. |
07/12/2011 |
- |
24/04/2014 |
19300000.0 |
37/3, ONYX TOWER,NR. WESTERN HOTEL,PUNEMH411001IN |
|
5 |
B60021490 |
10208544 |
AXIS BANK LIMITED |
04/02/2010 |
15/02/2012 |
15/10/2012 |
3600000.0 |
214-215, 2ND FLOOR, CITY MALL, GANESHKHIND,PUNE UNIVERSITY ROAD,PUNEMH411007IN |
|
6 |
A32125759 |
10031120 |
BANK OF BARODA |
08/12/2006 |
- |
06/02/2008 |
48500000.0 |
KARVE ROADBRANCHPUNEMH414004IN |
|
7 |
A11556016 |
90092532 |
DENA BANK |
15/03/2004 |
- |
15/02/2007 |
950000.0 |
KOTHRUD PAUD PHATA BRANCHPAUD PHATA KOTHRUDPUNEMH411038IN |
|
8 |
A11555737 |
90093707 |
DENA BANK |
12/03/1999 |
12/08/2006 |
15/02/2007 |
25000000.0 |
KOTHRUD PAUD PHATA BRANCHPAUD PHATA, KOTHRUDPUNEMH411038IN |
|
9 |
A11554961 |
90091193 |
DENA BANK |
07/03/2000 |
15/03/2004 |
15/02/2007 |
1000000.0 |
KOTHRUD PAUD PHATA BRANCHPAUD PHATA KOTHRUDPUNEMH411038IN |
|
10 |
A11555240 |
90090894 |
DENA BANK |
03/03/1999 |
12/08/2006 |
15/02/2007 |
7500000.0 |
KOTHRUD PAUD PHATA BRANCHPAUD PHATA, KOTHRUDPUNEMH411038IN |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Vehicle
- Computer
Accessories
- Computer
Software
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 63.91 |
|
|
1 |
INR 90.31 |
|
Euro |
1 |
INR 80.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVT |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.