|
|
|
%20PRIVATE%20LIMITED%20-%20484418%2010-Jan-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20484418%2010-Jan-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20484418%2010-Jan-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
484418 |
|
Report Date : |
10.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
MAHARASHTRA BIO FERTILISERS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Near Udyog Bhavan, Shivaji Nagar, Main Road, Latur-413512, Maharashtra |
|
Tel. No.: |
91-238-2256152 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
06.05.2003 |
|
|
|
|
Com. Reg. No.: |
11-140320 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 17.994 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24120MH2003PTC140320 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCM8792M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
[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 |
|
Maximum Credit Limit : |
USD 411000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Maharashtra Bio Fertilisers (India) Private Limited was incorporated
in the year 2003. It is a manufacturer of chemicals. Management has failed to file its financials with Registrar of
Companies for the FY 2017. As per the available financial of 2016, the company has achieved
27.49% growth in its revenue as compared to previous year revenue and has
maintained average profitability margin of 1.05% during the year under
review. The satisfactory financial profile of the company is marked by
sufficient networth base along with comfortable networth base. The rating takes into consideration the subject’s long track record of
business operations trade payables and trade receivables. Rating is constrained on account of absence of latest financials. Business is active. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered 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
|
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
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 10.01.2018.
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.:91-238-2256152)
Mobile No.:
91-9351088910 (Number is continuously ringing)
LOCATIONS
|
Registered Office : |
Near Udyog Bhavan, Shivaji Nagar, Main Road, Latur-413512,
Maharashtra, India |
|
Tel. No.: |
91-238-2256151/ 52 / 53 |
|
Fax No.: |
91-2382-256151 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office 1: |
704, Parmeshwari Center, Opposite Nandavan Industrial Estate, M.M. Malviya Road, Mulund (West), Mumbai-400080, Maharashtra, India |
|
|
|
|
Branch Office 2: |
707, Nucleus Mall Church Road, Camp, Pune - 411001, Maharashtra, India |
|
|
|
|
Factory: |
Gut No. 395 / 400 / 401 / 403, At Post – Ekurga Village, Latur Barshi Road, Latur – 413512, Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Nilesh Hemraj Thakkar |
||||||||||||
|
Designation : |
Managing Director |
||||||||||||
|
Address : |
'Setu', Moti Nagar, Latur-413512, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
28.05.1964 |
||||||||||||
|
Date of Appointment : |
09.05.2004 |
||||||||||||
|
DIN No.: |
01330406 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Ms. Mita Nilesh Thakkar |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
244, Gandhi Nagar, Moti Nagar, Latur-413512, Maharashtra, India |
||||||||||||
|
Date of Birth/Age : |
25.02.1967 |
||||||||||||
|
Date of Appointment : |
30.09.2005 |
||||||||||||
|
DIN No.: |
00602868 |
||||||||||||
|
Other Directorship:
|
|||||||||||||
KEY EXECUTIVES
|
Name : |
Shailesh Indapurkar and Associates |
|
Designation : |
Company Secretaries |
|
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 No.: |
91-9881257930 |
|
E-Mail.: |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Nilesh Hemraj Thakkar |
|
915000 |
|
Narendra Shivji Thakkar NRE |
|
394952 |
|
Yamini Narendra Thakkar NRE |
|
281482 |
|
Narendra Shivji Thakkar NRO |
|
84377 |
|
Mita Nilesh Thakkar |
|
75000 |
|
Narendra Thakkar Jointly with Yamini Thakkar |
|
48543 |
|
Total |
|
1799354 |
AS ON 30.09.2016
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
55.02 |
|
Public/Other than promoters - Individual/Hindu Undivided Family – Non-resident Indian (NRI) |
44.98 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20484418%2010-Jan-2018_files/image019.gif)
BUSINESS DETAILS
|
Line of Business : |
[Registered Activity] |
||||||
|
|
|
||||||
|
Products / Services
: |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
Note LONG TERM BORROWINGS i) Term loans from
banks - Secured - for fixed assets a) Term Loans taken are from Janata Sahakari Bank Limited Pune Branch Latur which are secured by way of first charge over the entire immovable and Movable fixed assets / land and buildings of the Company both present and future. It is further secured by a second charge over the entire current assets of the company. These loans are collateraly secured by the properties of Directors. b) Directors and other have given personal guarantee to the loans taken. c The defaulted instalments during the year if any are regularised before 31st March 2016. ii Term loans from
banks - Secured - for Vehicle purchase a) Term loan taken in the name of MD Nilesh Thakkar for purchase of vehicles, used in company and shown in asset, are secured by hypothication on the vehicle to respective bank. b) Directors have given personal guarantee to the loans taken. c) Company has not defaulted in instalments of loans under this category. iii Term loans from
banks - Unsecured - for business a) Unsecured business term loan taken from bank to use in business, secured by personal Guarantee of Director of the company and guarantee of company. b) Company has not defaulted in instalments of loans under this category. iv Term loans from
banks - Secured against Vehicle a) Unsecured business term loan taken from bank to use in business, in the name of MD Nilesh Thakkar secured by hypothication on vehicles and personal Guarantee of Director of the company and guarantee of company. b) Company has not defaulted in instalments of loans under this category. v Term Loan from
other Financial Institutions - Secured - for vehicle purchase a) Term loan Taken in the name of MD Nilesh Thakkar for purchase of vehicles, used in company and shown in asset, are secured by hypothecation on the vehicle to respective Financial Institution. b) MD have given personal guarantee to the loans taken. c) Company has not defaulted in instalments of loans under this category. vi Term Loan from
other Financial Institutions - Secured - Against vehicle a) Unsecured business term loan taken from FI to use in business, in the name of MD Nilesh Thakkar secured by hypothication on vehicles and personal Guarantee of Director of the company and guarantee of company. b) Company has not defaulted in instalments of loans under this category. SHORT TERM BORROWINGS Loans repayable on
demand From Bank - Secured Loan a) Working capital loan is secured by hypothecation of first charge over the entire current assets, i.e. Raw materials, SIP, Finished Goods, consumables and receivables present or future. Further secured by second charge over fixed asset of the Company. It is further secured by personal properties of the directors, provided as collateral securities. b) Directors and other have given personal guarantee to the loans taken. c) The Company has taken TOD almost throughout year over regular limit sanctioned. (INR in Million)
|
|
Auditors : |
|
|
Name : |
Madhusudan Bajaj and Company Chartered Accountants |
|
Address : |
1st Floor Sai Sadan, Above Surya Sanitation, Lokhand Galli,
Latur-413512, Maharashtra, India |
|
PAN No.: |
AHRPB2827N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises that
directly or indirectly, through one more intermediaries, control or are controlled
by or are under common control with the reporting enterprise : |
Shankarsheth Polymers Private Limited |
|
|
|
|
Enterprises over
which any of the persons in are able to exercise significant influence and company has
transactions : |
|
CAPITAL STRUCTURE
AS ON 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1800000 |
Equity Shares |
INR 10/- each |
INR 18.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1799354 |
Equity Shares |
INR 10/- each |
INR 17.994 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
17.994 |
17.994 |
17.994 |
|
(b) Reserves &
Surplus |
125.882 |
117.550 |
111.704 |
|
(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
|
143.876 |
135.544 |
129.698 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
178.934 |
150.928 |
146.577 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
1.052 |
|
(c) Other long term
liabilities |
13.336 |
9.720 |
37.703 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities |
192.270 |
160.648 |
185.332 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
210.888 |
192.171 |
136.737 |
|
(b) Trade payables |
97.091 |
54.763 |
37.484 |
|
(c) Other current
liabilities |
173.403 |
182.910 |
76.971 |
|
(d) Short-term provisions |
13.305 |
9.402 |
16.977 |
|
Total Current Liabilities
|
494.687 |
439.246 |
268.169 |
|
|
|
|
|
|
TOTAL |
830.833 |
735.438 |
583.199 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
177.770 |
90.092 |
76.863 |
|
(ii) Intangible Assets |
0.030 |
0.102 |
0.285 |
|
(iii) Capital
work-in-progress |
169.835 |
224.242 |
159.759 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
4.885 |
4.285 |
3.785 |
|
(c) Deferred tax assets
(net) |
1.938 |
1.079 |
0.000 |
|
(d) Long-term Loan and Advances |
29.551 |
20.997 |
37.639 |
|
(e) Other Non-current
assets |
6.773 |
20.741 |
0.032 |
|
Total Non-Current Assets |
390.782 |
361.538 |
278.363 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
285.209 |
261.088 |
190.251 |
|
(c) Trade receivables |
126.934 |
92.051 |
92.989 |
|
(d) Cash and cash
equivalents |
16.424 |
10.819 |
8.826 |
|
(e) Short-term loans and
advances |
3.247 |
1.958 |
12.770 |
|
(f) Other current assets |
8.237 |
7.984 |
0.000 |
|
Total Current Assets |
440.051 |
373.900 |
304.836 |
|
|
|
|
|
|
TOTAL |
830.833 |
735.438 |
583.199 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
795.520 |
624.012 |
540.551 |
|
|
Other Income |
1.263 |
0.452 |
0.432 |
|
|
TOTAL |
796.783 |
624.464 |
540.983 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
405.250 |
291.708 |
280.212 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.218 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(30.168) |
(25.646) |
(49.383) |
|
|
Employees benefits
expense |
84.150 |
86.309 |
72.492 |
|
|
Extraordinary items |
0.000 |
0.000 |
0.223 |
|
|
Other expenses |
249.205 |
213.869 |
190.127 |
|
|
TOTAL |
708.437 |
566.240 |
493.889 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
88.346 |
58.224 |
47.094 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
45.052 |
31.887 |
22.150 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
43.294 |
26.337 |
24.944 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
27.318 |
17.091 |
11.442 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
15.976 |
9.246 |
13.502 |
|
|
|
|
|
|
|
Less |
TAX |
7.644 |
3.400 |
8.038 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
8.332 |
5.846 |
5.464 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.63 |
3.25 |
3.20 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
44.091 |
61.364 |
25.280 |
|
Cash generated from operations |
75.527 |
95.752 |
72.347 |
|
Net cash flow from operating activities |
67.024 |
90.222 |
66.831 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
58.24 |
53.84 |
62.79 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
6.27 |
6.78 |
5.81 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
87.45 |
68.52 |
48.79 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.31 |
0.22 |
0.25 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.25 |
0.19 |
0.20 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.86 |
0.89 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.02 |
2.98 |
2.38 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
3.44 |
3.24 |
2.07 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
2.42 |
2.32 |
1.83 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.96 |
1.83 |
2.13 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
1.05 |
0.94 |
1.01 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.00 |
0.79 |
0.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.79 |
4.31 |
4.21 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.89 |
0.85 |
1.14 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.31 |
0.26 |
0.43 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.17 |
0.18 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
24.11 |
22.48 |
17.15 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.89 |
0.85 |
1.14 |
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 |
17.994 |
17.994 |
17.994 |
|
Reserves & Surplus |
111.704 |
117.550 |
125.882 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
129.698 |
135.544 |
143.876 |
|
|
|
|
|
|
long-term borrowings |
146.577 |
150.928 |
178.934 |
|
Short term borrowings |
136.737 |
192.171 |
210.888 |
|
Current Maturities of
Long term debt |
25.280 |
61.364 |
44.091 |
|
Total borrowings |
308.594 |
404.463 |
433.913 |
|
Debt/Equity ratio |
2.379 |
2.984 |
3.016 |
%20PRIVATE%20LIMITED%20-%20484418%2010-Jan-2018_files/image021.gif)
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 |
540.551 |
624.012 |
795.520 |
|
|
|
15.440 |
27.485 |
%20PRIVATE%20LIMITED%20-%20484418%2010-Jan-2018_files/image023.gif)
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 |
540.551 |
624.012 |
795.520 |
|
Profit |
5.464 |
5.846 |
8.332 |
|
|
1.01% |
0.94% |
1.05% |
%20PRIVATE%20LIMITED%20-%20484418%2010-Jan-2018_files/image025.gif)
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 |
No |
|
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 |
CORPORATE INFORMATION
The company, is private limited company registered with the registrar of companies, Maharashtra. Its Operation includes the manufacturing and marketing of organic agro inputs all over India.
During the financial year company has produced and marketed bio fertilizers, bio pesticides, manures through out year. During this year company has incurred capital expenditure on the new plant for atomisation of present manufacturing facilities to increase the production capacity.
OPERATIONS AND FUTURE
PROSPECTS:
The company is in 13th year of operation. The company is in the business of manufacturing of fertilizers. During the year, Company has achieved gross turnover of INR 795.500 million as compared to INR 624.000 million. Company earned profit after tax of INR 8.832 million as compared to INR 5.846 million. The Board of Directors are exploring various opportunities for increase in business including area of operations and new products. Board of Directors expects to achieve better turnover and profitability in coming year. The company has similar trend of turnover in the first half of financial year 2016-17.
The Company has not changed its nature of business during the financial year 2015-2016.
UNSECURED LOANS:
|
PARTICULAR |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
Short-term
borrowings |
|
|
|
Loans and advances from Directors |
5.583 |
4.691 |
|
Total |
5.583 |
4.691 |
Note:
Loans and advances
from Directors and related parties
Loans and advances from Directors are not guaranteed by company.
There is no default in repayment of loan or interest there on.
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G48363188 |
100109568 |
THE JANATA SAHAKARI BANK LIMITED |
15/05/2017 |
- |
30000000.0 |
1444, Shukrawar Peth, Bajirao Road, (Through Its Latur Branch), Pune-411002, Maharashtra, India |
|
2 |
G02345015 |
100022909 |
JANATA SAHAKARI BANK LIMITED |
23/03/2016 |
- |
65000000.0 |
1444, Shukrawar Peth, Bajirao Road, (Through Its Latur Branch), Pune-411002, Maharashtra, India |
|
3 |
C61129003 |
10584736 |
JANATA SAHAKARI BANK LIMITED |
16/07/2015 |
- |
20000000.0 |
1444, Shukrawar Peth, Bajirao Road, (Through Its Latur Branch), Pune-411002, Maharashtra, India |
|
4 |
C60704236 |
10583858 |
JANATA SAHAKARI BANK LIMITED |
04/03/2015 |
- |
12500000.0 |
1444, Shukrawar Peth, Bajirao Road, (Through Its Latur Branch), Pune-411002, Maharashtra, India |
|
5 |
C41012501 |
10544266 |
JANATA SAHAKARI BANK LIMITED |
27/11/2014 |
- |
13400000.0 |
Chainsukh Road, LaturL-413512, Maharashtra, India |
|
6 |
C42249755 |
10544269 |
JANATA SAHAKARI BANK LIMITED |
27/11/2014 |
11/12/2014 |
29500000.0 |
Chainsukh Road, LaturL-413512, Maharashtra, India |
|
7 |
C21397559 |
10520830 |
JANATA SAHAKARI BANK LIMITED PUNE |
18/03/2014 |
- |
29500000.0 |
1444, Shukrawar Peth, Bajirao Road, (Through Its Latur Branch), Pune-411002, Maharashtra, India |
|
8 |
B84088574 |
10445235 |
JANATA SAHAKARI BANK LIMITED PUNE |
02/08/2013 |
13/08/2013 |
59200000.0 |
1444, Shukrawar Peth, Bajirao Road, (Through Its Latur Branch), Pune-411002, Maharashtra, India |
|
9 |
B83142232 |
10445234 |
JANATA SAHAKARI BANK LIMITED PUNE |
02/08/2013 |
- |
60800000.0 |
1444, Shukrawar Peth, Bajirao Road, (Through Its Latur Branch), Pune-411002, Maharashtra, India |
|
10 |
B00291575 |
10260594 |
JANATA SAHAKARI BANK LIMITED PUNE |
10/11/2010 |
- |
30000000.0 |
1444, Shukrawar Peth, Bajirao Road, (Through Its Latur Branch), Pune-411002, Maharashtra, India |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Claims against the Company not acknowledged as debt |
0.800 |
0.800 |
|
Guarantees |
12.500 |
0.050 |
FIXED ASSETS:
Tangible Assets
- Land
- Building
- Plant and Machinery
- Furniture and Fixture
- Computer System
- Office Electricity System
- Vehicles
Intangible Assets
- Softwares
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 63.47 |
|
|
1 |
INR 86.15 |
|
Euro |
1 |
INR 75.92 |
INFORMATION DETAILS
|
Information
Gathered by : |
PUJ |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
BHG |
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.