|
|
|
%2011-Jan-2018_files/image015.jpg){kind=small}
%2011-Jan-2018_files/image016.jpg)
%2011-Jan-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
478230.2 |
|
Report Date : |
11.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
BHATRISAKTI AGRO PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Saktinagar, Near Kismore Sangha Club, PO: Kharia, PS Kotwali, District
Jalpaiguri-735101, West Bengal |
|
Mob. No.: |
91-9832082258 [Mr. Kartick Bhowal] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
31.07.2002 |
|
|
|
|
Com. Reg. No.: |
21-094961 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15491WB2002PTC094961 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GST No.: |
19AACCB4522F1ZZ |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCB4522F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is presently engaged in the business of Tea Plantation.
[Registered Activity and also Confirmed by Management] |
|
|
|
|
No. of Employees
: |
21 (Approximately) [Production Workers: 13 and Administrative:
08] |
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 : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2002. It is engaged in tea
plantation. For the financial year 2017, the company has reported slight dip in its
revenue as compared to the previous year but has managed to maintain an
average profit margin of 1.89%. The overall financial risk profile of the company seems to be moderate
marked by small net worth base. Rating however, takes into consideration the subject’s negligible debt
balance sheet profile due to unsecured debt recorded in the books. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with some caution. Note: At the premises,
our executive met Mr. Kartick Bhowal (Director) and he provided contact
details. Our executive
enquired with vicinity and they claimed that the subject is situated on the
given address. As per our
executive’s observation, it is a 1 storey building and the entire premises
belongs to the subject. Number of employees sighted at the premises were 2.
Locality seems to be residential and area appears to be upmarket. Location was
easy to find but we have not sighted subject’s name board. |
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 11.01.2018.
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 PARTED BY
|
Name : |
Mr. Kartick Bhowal |
|
Designation : |
Director |
|
Contact No.: |
91-9832082258 |
|
Date : |
11.12.2017 |
LOCATIONS
|
Registered/ Head Office : |
Saktinagar, Near Kismore Sangha Club, PO: Kharia, PS Kotwali, District
Jalpaiguri-735101, West Bengal, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9832082258 [Mr. Kartick Bhowal] 91-8250618026 [Office] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
500 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Residential [As per site visit] |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Paritosh Bhowal |
|||||||||||||
|
Designation : |
Director |
|||||||||||||
|
Address : |
Saktinagar, Near Kishore Sangha Club, PO. Kharia, District
Jalpaiguri-735101, West Bengal, India |
|||||||||||||
|
Date of Birth/Age : |
04.05.1961 |
|||||||||||||
|
Qualification : |
Graduate |
|||||||||||||
|
Date of Appointment : |
31.07.2002 |
|||||||||||||
|
PAN No.: |
AHJPB5983D |
|||||||||||||
|
Aadhar Card No : |
352917465957 |
|||||||||||||
|
DIN No.: |
01834602 |
|||||||||||||
|
||||||||||||||
|
|
|
|||||||||||||
|
Name : |
Mr. Kartick Bhowal |
|||||||||||||
|
Designation : |
Director |
|||||||||||||
|
Address : |
Saktinagar, Near Kishore Sangha Club, PO. Kharia, District
Jalpaiguri-735101, West Bengal, India |
|||||||||||||
|
Date of Birth/Age : |
27.01.1964 |
|||||||||||||
|
Qualification : |
Graduate |
|||||||||||||
|
Date of Appointment : |
31.07.2002 |
|||||||||||||
|
PAN No.: |
ADCPB9404A |
|||||||||||||
|
Voter ID No.: |
WB/18/112/294652 |
|||||||||||||
|
Aadhar Card No : |
346871755850 |
|||||||||||||
|
DIN No.: |
01834617 |
|||||||||||||
|
||||||||||||||
|
|
|
|||||||||||||
|
Name : |
Mrs. Gita Bhowal |
|||||||||||||
|
Designation : |
Director |
|||||||||||||
|
Address : |
Near Kishore Sangha Club Sakti Nagar, P.O.-Kharia,
Jalpaiguri-735101, West Bengal, India |
|||||||||||||
|
Date of Birth/Age : |
01.01.1977 |
|||||||||||||
|
Date of Appointment : |
09.10.2012 |
|||||||||||||
|
PAN No.: |
ADVPB1154C |
|||||||||||||
|
Aadhar Card No : |
531280561877 |
|||||||||||||
|
DIN No.: |
02487518 |
|||||||||||||
|
||||||||||||||
|
|
|
|||||||||||||
|
Name : |
Mrs. Durga Bhowal |
|||||||||||||
|
Designation : |
Director |
|||||||||||||
|
Address : |
Shaktinagar, P.O. Kharia, Jalpaiguri-735101, West Bengal,
India |
|||||||||||||
|
Date of Birth/Age : |
18.12.1972 |
|||||||||||||
|
Date of Appointment : |
09.10.2012 |
|||||||||||||
|
PAN No.: |
AECPB5290B |
|||||||||||||
|
Aadhar Card No : |
292277974270 |
|||||||||||||
|
DIN No.: |
02775410 |
|||||||||||||
|
||||||||||||||
|
|
|
|||||||||||||
|
Name : |
Mrs. Monika Bhowal |
|||||||||||||
|
Designation : |
Director |
|||||||||||||
|
Address : |
Shaktinagar, P.O. Kharia, Jalpaiguri-735101, West Bengal,
India |
|||||||||||||
|
Date of Birth/Age : |
05.02.1956 |
|||||||||||||
|
Date of Appointment : |
09.10.2012 |
|||||||||||||
|
PAN No.: |
AECPB5289G |
|||||||||||||
|
Aadhar Card No : |
282240066746 |
|||||||||||||
|
DIN No.: |
02775413 |
|||||||||||||
|
||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Kartick Bhowal |
13500 |
13.50 |
|
Durga Rani Bhowal |
29500 |
29.50 |
|
Monika Bhowal |
30000 |
30.00 |
|
Geeta Bhowal |
20000 |
20.00 |
|
Sukanta Bhowal |
2000 |
2.00 |
|
Paritosh Bhowal |
4000 |
4.00 |
|
Sukhomoy Bhowal |
1000 |
1.00 |
|
|
|
|
|
Total |
100000 |
100.00 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
|
Total |
100.00 |
%2011-Jan-2018_files/image020.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is presently engaged in the business of Tea Plantation.
[Registered Activity and also Confirmed by Management] |
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Not Available |
||||
|
Countries : |
Not Available |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Not Available |
||||
|
Countries : |
Not Available |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and L/C |
||||
|
|
|
||||
|
Purchasing : |
Cash, Credit and L/C |
PRODUCTION STATUS:
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Proposed: CTC Tea |
MTN |
120 |
New |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Buying Agents
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
21 (Approximately) [Production Workers: 13 and Administrative:
08] |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· United Bank of India Maskalaibari, Jalpaiguri-735101, West Bengal, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
O. Banerjee and Associates Chartered Accountants |
|
Address : |
C/O Sushil Das, Mother Teresa Sarani, South Babupara, Siliguri-734004,
West Bengal, India |
|
PAN No.: |
AVTPB4142L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AFTER 30.09.2017
Authorised Capital : INR
13.000 Million
Issued, Subscribed & Paid-up Capital : INR 1.000 Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 10/- each |
INR 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 10/- each |
INR 1.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
1.000 |
1.000 |
1.000 |
|
(b) Reserves & Surplus |
1.372 |
1.314 |
0.980 |
|
(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) |
2.372 |
2.314 |
1.980 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
2.900 |
2.900 |
2.900 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
2.900 |
2.900 |
2.900 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
0.000 |
0.000 |
0.000 |
|
(c)
Other current liabilities |
0.155 |
0.086 |
0.036 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
0.155 |
0.086 |
0.036 |
|
|
|
|
|
|
TOTAL |
5.427 |
5.300 |
4.916 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
4.274 |
4.284 |
4.296 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
4.274 |
4.284 |
4.296 |
|
|
|
|
|
|
(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 |
0.142 |
|
(d)
Cash and cash equivalents |
1.073 |
0.956 |
0.423 |
|
(e)
Short-term loans and advances |
0.080 |
0.060 |
0.055 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1.153 |
1.016 |
0.620 |
|
|
|
|
|
|
TOTAL |
5.427 |
5.300 |
4.916 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
3.073 |
3.094 |
2.723 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
3.073 |
3.094 |
2.723 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
0.356 |
0.329 |
0.340 |
|
|
|
Employees benefits expense |
1.979 |
2.134 |
1.580 |
|
|
|
Administrative expenses |
0.670 |
0.605 |
0.766 |
|
|
|
TOTAL |
3.005 |
3.068 |
2.686 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
0.068 |
0.026 |
0.037 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.001 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.068 |
0.025 |
0.037 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.010 |
0.012 |
0.021 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
0.058 |
0.013 |
0.016 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
0.058 |
0.013 |
0.016 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
0.58 |
0.13 |
0.16 |
|
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 |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
0.00 |
0.00 |
19.03 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
0.00 |
0.00 |
19.18 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
19.18 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.02 |
0.01 |
0.01 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.56 |
0.56 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.22 |
1.25 |
1.46 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.07 |
0.04 |
0.02 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.80 |
1.85 |
2.17 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
26.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.89 |
0.42 |
0.59 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.07 |
0.25 |
0.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
2.45 |
0.56 |
0.81 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
7.44 |
11.81 |
17.22 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
7.44 |
11.81 |
17.22 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.44 |
0.44 |
0.40 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.90 |
2.90 |
2.90 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
7.44 |
11.81 |
17.22 |
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 |
1.000 |
1.000 |
1.000 |
|
Reserves & Surplus |
0.980 |
1.314 |
1.372 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1.980 |
2.314 |
2.372 |
|
|
|
|
|
|
long-term borrowings |
2.900 |
2.900 |
2.900 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
2.900 |
2.900 |
2.900 |
|
Debt/Equity
ratio |
1.465 |
1.253 |
1.223 |
%2011-Jan-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 |
2.723 |
3.094 |
3.073 |
|
|
|
13.625 |
(0.679) |
%2011-Jan-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 |
2.723 |
3.094 |
3.073 |
|
Profit/ (Loss) |
0.016 |
0.013 |
0.058 |
|
|
0.59% |
0.42% |
1.89% |
%2011-Jan-2018_files/image026.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 |
Yes |
|
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
Yes |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
OBSERVATION POINTS
|
Name of Company : |
BHATRISAKTI AGRO PRIVATE LIMITED |
|
|
|
|
Address : |
Saktinagar, Near Kismore Sangha Club, PO: Kharia, PS Kotwali, District
Jalpaiguri-735101, West Bengal, India |
|
Contact No.: |
91-9832082258 |
|
|
|
|
Person to whom we met: |
Mr. Kartick Bhowal [Director] |
|
|
|
|
Name Board : |
Not Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Kishore Sangha Club |
|
|
|
|
Total Floors of the Building : |
Ground + First Floor |
|
|
|
|
Subject situated on: |
Ground + First Floor |
|
|
|
|
Locality: |
Residential |
|
|
|
|
Area of Premises : |
400 Sq. Ft. |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
No. of employees seen at premises: |
02 (Approx.) |
|
|
|
|
Visibility of
Items: |
·
Telephone ·
Computers ·
Office Equipment |
|
|
|
|
Furniture Items
Sighted: |
Chair, Table, Utrainah |
|
|
|
|
Neighbours Interview : |
Our executive enquired with vicinity and they claimed that the subject
is situated on the given address. |
|
|
|
|
Proof of visit: |
Photos |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Unsecured Loan
from related parties |
|
|
|
Durga Bhowal |
0.500 |
0.500 |
|
Geeta Bhowal |
0.300 |
0.300 |
|
Monika Bhowal |
0.300 |
0.300 |
|
Kartick Bhowal |
0.600 |
0.600 |
|
Paritosh Bhowal |
0.600 |
0.600 |
|
Sukhamoy Bhowal |
0.600 |
0.600 |
|
|
|
|
|
Total |
2.900 |
2.900 |
------------------------------------------------------------------------------------------------------------------------------
COST OF PROJECT
(INR IN MILLION)
|
PARTICULARS |
TOTAL AMOUNT |
|
Capital Investment |
47.899 |
|
|
|
|
Margin For Working Capital |
3.281 |
|
|
|
|
Total Cost of
Project |
51.180 |
-----------------------------------------------------------------------------------------------------------------------------
MEANS OF FINANCE
(INR IN MILLION)
|
PARTICULARS |
TOTAL AMOUNT |
|
Promoter’s Contribution |
21.180 |
|
|
|
|
Term Loan From Bank |
30.000 |
|
|
|
|
Total Means of
Finance |
51.180 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
||||
|
31.03.2018 Estimated |
31.03.2019 Projected |
31.03.2020 Projected |
31.03.2021 Projected |
31.03.2022 Projected |
|
|
1. Gross sales |
|
|
|
|
|
|
(i) Domestic sales |
0.000 |
7.595 |
30.201 |
39.336 |
42.669 |
|
(ii) Export sales |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total |
0.000 |
7.595 |
30.201 |
39.336 |
42.669 |
|
|
|
|
|
|
|
|
2. Less excise duty |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
3. Net sales |
0.000 |
7.595 |
30.201 |
39.336 |
42.669 |
|
|
|
|
|
|
|
|
4. % age rise (*) or fall (-)
in net sales as compared to previous
year *This rise due to enhancement
in price |
--- |
--- |
--- |
30.25% |
8.47% |
|
|
|
|
|
|
|
|
5. Cost of sales |
|
|
|
|
|
|
Raw materials(including stores
& spares and other items used in the process of manufacture |
|
|
|
|
|
|
i)
Raw Materials Consumed |
|
|
|
|
|
|
(a) Imported |
0.000 |
3.525 |
12.841 |
13.971 |
15.141 |
|
|
|
|
|
|
|
|
(b) Indigenous (300 Days) |
0.00% |
46.42% |
42.52% |
35.52% |
35.49% |
|
|
|
|
|
|
|
|
ii) Consumable Stores (Media Ball) |
|
|
|
|
|
|
(a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(b) Indigenous (300 Days) |
0.00 |
1.06 |
4.17 |
5.32 |
5.71 |
|
|
|
|
|
|
|
|
iii)Power and Fuel (including Subsidy) |
0.000 |
1.224 |
5.190 |
5.527 |
5.864 |
|
|
|
|
|
|
|
|
iv) Direct labour** |
0.000 |
0.515 |
1.665 |
1.749 |
1.836 |
|
|
|
|
|
|
|
|
v)
Other Manufacturing Expenses |
0.000 |
0.167 |
1.425 |
1.568 |
1.724 |
|
|
|
|
|
|
|
|
vi) Depreciation |
0.000 |
1.600 |
4.702 |
4.113 |
3.609 |
|
|
|
|
|
|
|
|
vii) Repairs and Maintenance** |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
SUB-TOTAL (i to vii) |
0.000 |
7.137 |
26.240 |
27.460 |
28.746 |
|
|
|
|
|
|
|
|
viii)
Add: Opening stocks-in-process |
0.000 |
0.000 |
0.011 |
0.042 |
0.045 |
|
|
|
|
|
|
|
|
ix)
Less: Closing stocks-in-process |
0.000 |
0.011 |
0.042 |
0.045 |
0.049 |
|
|
|
|
|
|
|
|
x)
Cost of Production |
0.000 |
7.125 |
26.209 |
27.456 |
28.742 |
|
|
|
|
|
|
|
|
xi) Add : Opening stock of Finished Products |
0.000 |
0.000 |
1.638 |
5.924 |
6.576 |
|
|
|
|
|
|
|
|
xii) Less: closing stock of Finished
Products |
0.000 |
1.638 |
5.924 |
6.576 |
7.088 |
|
|
|
|
|
|
|
|
xiii)
Cost of sales Total |
0.000 |
5.487 |
21.924 |
26.805 |
28.230 |
|
|
|
|
|
|
|
|
6. Selling, general & administrative expenses |
--- |
1.117 |
2.522 |
3.359 |
3.649 |
|
|
0.00% |
14.71% |
8.35% |
8.54% |
8.55% |
|
|
|
|
|
|
|
|
7. SUB-TOTAL
|
0.000 |
6.604 |
24.446 |
30.164 |
31.879 |
|
|
|
|
|
|
|
|
8. Operating profit before interest(3-7) |
0.000 |
0.990 |
5.755 |
9.172 |
10.790 |
|
|
|
|
|
|
|
|
9. Interest- TL |
--- |
0.706 |
2.553 |
2.030 |
1.505 |
|
-WC |
--- |
0.083 |
0.575 |
0.912 |
0.912 |
|
|
|
|
|
|
|
|
10. Operating profit after
interest (8-9) |
0.000 |
0.201 |
2.628 |
6.230 |
8.373 |
|
|
|
|
|
|
|
|
11.
(i) Add: Other non-operating income |
|
|
|
|
|
|
a) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
b) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub-Total (Income) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(ii) Deduct other non-operating
expenses |
|
|
|
|
|
|
a) Exp. W/off |
0.000 |
0.030 |
0.030 |
0.030 |
0.030 |
|
b) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub-Total (Expenses) |
0.000 |
0.030 |
0.030 |
0.030 |
0.030 |
|
|
|
|
|
|
|
|
(iii) Net of other non-operating income
[(i)-(ii)] |
0.000 |
(0.030) |
(0.030) |
(0.030) |
(0.030) |
|
|
|
|
|
|
|
|
12. Profit before tax (PBT)
{10+11(iii)} |
0.000 |
0.171 |
2.598 |
6.200 |
8.343 |
|
|
|
|
|
|
|
|
13. Provision for taxes |
0.000 |
0.043 |
0.649 |
1.550 |
2.086 |
|
|
|
|
|
|
|
|
14. Net Profit after tax |
0.000 |
0.128 |
1.948 |
4.650 |
6.257 |
|
|
|
|
|
|
|
|
15. (a) Equity Dividend paid |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(b) Rate of Dividend |
--- |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
|
16. Retained profit (14-15) |
0.000 |
0.128 |
1.948 |
4.650 |
6.257 |
|
|
|
|
|
|
|
|
17. Retained profit/Net profit
(% age) |
--- |
100% |
100% |
100% |
100% |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS |
||||
|
31.03.2018 Estimated |
31.03.2019 Projected |
31.03.2020 Projected |
31.03.2021 Projected |
31.03.2022 Projected |
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
1.Short-term borrowings from
banks (incld. bills purchased discounted & excess borrowing placed on
repayment basis) |
|
|
|
|
|
|
|
|
|
|
|
|
|
(i)
From applicant bank |
|
|
|
|
|
|
Cash Credit |
0.000 |
2.600 |
10.000 |
10.000 |
10.000 |
|
SME Plus credit facility |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(ii) From other banks |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(iii) (of which BP & BD) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub total (A) |
0.000 |
2.600 |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
|
2. Short term borrowings from
others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
3. Sundry creditors (Trade) |
0.000 |
0.068 |
0.247 |
0.268 |
0.290 |
|
|
|
|
|
|
|
|
4. Advance payments from
customers/ deposits from dealers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
5. Provision for taxation |
0.000 |
0.043 |
0.649 |
1.550 |
2.086 |
|
|
|
|
|
|
|
|
6. Dividend payable |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
7. Other statutory liabilities
(due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
8. Deposits/ Instalments of term
loans/DPGs/Debentures, etc. (due
within one year) |
0.000 |
5.460 |
5.460 |
5.460 |
5.460 |
|
|
|
|
|
|
|
|
9. Other current liabilities
and Provisions (due within one year) (Specify major items) |
0.000 |
0.200 |
0.220 |
0.742 |
0.816 |
|
|
|
|
|
|
|
|
Sub-Total (B) |
0.000 |
5.771 |
6.576 |
8.020 |
8.652 |
|
|
|
|
|
|
|
|
10. Total Current Liabilities
(A+B) |
0.000 |
8.371 |
16.576 |
18.020 |
18.652 |
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
11.Debentures (Not maturing within
one years) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
12.Prefrence shares (Redeemable
after one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
13.Term loans (Excluding
Installments Payable within one Year) |
30.000 |
24.085 |
18.625 |
13.165 |
7.705 |
|
|
|
|
|
|
|
|
14.Deferred Payment Credits
(Excluding Installments Due within One Year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
15.Term deposits (repayable
after one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
16.Other term liabilities |
5.000 |
9.180 |
9.180 |
9.180 |
9.180 |
|
|
|
|
|
|
|
|
17. TOTAL TERM LIABILITIES
(Total of 11 to 16) |
35.000 |
33.265 |
27.805 |
22.345 |
16.885 |
|
|
|
|
|
|
|
|
18. TOTAL OUTSIDE LIABILITIES
(10 +17) |
35.000 |
41.636 |
44.381 |
40.365 |
35.537 |
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
19.Equity Share Capital |
10.000 |
12.000 |
12.000 |
12.000 |
12.000 |
|
|
|
|
|
|
|
|
20.General reserve and Surplus |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
21. Revaluation Reserve
(Capital Subsidy) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
22.Other reserves (excluding
provisions) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
23.Surplus(+) or deficit(-) in
Profit & Loss account |
0.000 |
0.128 |
2.077 |
6.727 |
12.984 |
|
|
|
|
|
|
|
|
23A Unsecured Loans (Taken as
Quasi Capital) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
23B Govt. Subsidy |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
23C Share Application |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
24. NET WORTH |
10.000 |
12.129 |
14.077 |
18.727 |
24.984 |
|
|
|
|
|
|
|
|
25. TOTAL LIABILITIES (18+24) |
45.000 |
53.764 |
58.458 |
59.092 |
60.522 |
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
26.Cash and bank balances |
1.000 |
2.578 |
1.207 |
1.887 |
4.856 |
|
|
|
|
|
|
|
|
27.Investments
(other than Long Term Investments) |
|
|
|
|
|
|
(i) Government & other trustee
securities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(ii)Fixed deposits with bank |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(iii) Security Deposits |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
28.(i) Receivables other than
deferred and export (Including Bills Purchased and Discounted by Banks) |
0.000 |
1.873 |
7.447 |
9.699 |
10.521 |
|
|
|
|
|
|
|
|
(ii)Export receivables (Including Bills Purchased
and Discounted by Banks) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
29.Instalments of deferred
receivables (Due within One Year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
30.Inventory: |
|
|
|
|
|
|
(i)
Raw materials (including stores and other items used in the process of
manufacture) |
|
|
|
|
|
|
a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
b) Indigenous |
0.000 |
0.010 |
0.035 |
0.038 |
0.041 |
|
|
|
|
|
|
|
|
(ii) Stock in Process |
0.000 |
0.011 |
0.042 |
0.045 |
0.049 |
|
|
|
|
|
|
|
|
(iii) Finished goods |
0.000 |
1.638 |
5.924 |
6.576 |
7.088 |
|
|
|
|
|
|
|
|
(iv) Other consumable Spares (Packing
Materials) |
|
|
|
|
|
|
a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
b) Indigenous |
0.000 |
0.067 |
0.147 |
0.180 |
0.193 |
|
|
|
|
|
|
|
|
31.Advances to suppliers of
R.M. and Stores/ Spares |
0.000 |
1.400 |
1.500 |
1.700 |
1.800 |
|
|
|
|
|
|
|
|
32.Advance payment of taxes |
0.000 |
0.043 |
0.649 |
1.550 |
2.086 |
|
|
|
|
|
|
|
|
33.Other current assets
(Specify major items) |
0.000 |
0.950 |
1.045 |
1.097 |
1.207 |
|
|
|
|
|
|
|
|
34. TOTAL CURRENT ASSETS (Total
of 26 to 33) |
1.000 |
8.570 |
17.996 |
22.773 |
27.841 |
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
35.Gross Block (Land and
Building, Machineries, Work-in-Progress) |
42.500 |
46.674 |
46.674 |
46.674 |
46.674 |
|
|
|
|
|
|
|
|
36.Depreciation to date |
0.000 |
1.600 |
6.302 |
10.415 |
14.024 |
|
|
|
|
|
|
|
|
37. NET BLOCK (35-36) |
42.500 |
45.074 |
40.372 |
36.259 |
32.650 |
|
|
|
|
|
|
|
|
OTHER NON-CURRENT ASSETS |
|
|
|
|
|
|
38.Investments/book debts/
Advances/ Deposits which are not Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
(i) a)Investments in subsidiary
companies/affiliates |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
b)Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(ii)Advances to suppliers of capital goods
and Contractors |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(iii)Deferred receivables (Mty Exeeding One
Year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(iv) Others- Security deposit |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
39.Non-consumables stores and
spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
40.Other non-current assets
(including dues from directors) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
41. TOTAL OTHER NON-CURR.ASSETS
(Total of 38 to 40) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
42. Intangible assets (patents,
goodwill, prelim. exp. Bad doubtful debts not provided for, etc) |
1.500 |
0.120 |
0.090 |
0.060 |
0.030 |
|
|
|
|
|
|
|
|
43. TOTAL ASSETS (Total of
34+37+41+ 42) |
45.000 |
53.764 |
58.458 |
59.092 |
60.522 |
|
|
|
|
|
|
|
|
44. TANGIBLE NET WORTH (24-42) (Including Unsecured Loan taken
as Quasi Capital) |
8.500 |
12.009 |
13.987 |
18.667 |
24.954 |
|
|
|
|
|
|
|
|
45. NET WORKING
CAPITAL(17+24)-(37+41+42) to tall with (34-10) |
1.000 |
0.199 |
1.420 |
4.753 |
9.189 |
|
|
|
|
|
|
|
|
46. Current Ratio (34/10) |
--- |
1.02 |
1.09 |
1.26 |
1.49 |
|
|
|
|
|
|
|
|
47. Total Outside Liability/ Net
Worth (18/44) |
4.12 |
3.47 |
3.17 |
2.16 |
1.42 |
-----------------------------------------------------------------------------------------------------------------------------
FUND FLOW STATEMENT
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
|||
|
|
31.03.2020 Audited |
31.03.2021 Estimated |
31.03.2022 Projected |
31.03.2023 Projected |
|
1 Sources |
|
|
|
|
|
|
|
|
|
|
|
a) Net Profit
(After Tax) |
1.948 |
4.650 |
6.257 |
8.029 |
|
|
|
|
|
|
|
b) Depreciation |
4.702 |
4.113 |
3.609 |
3.173 |
|
|
|
|
|
|
|
c) Increase in
Capital |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
d) Increase in
Term Liabilities (Including Public Deposits)
|
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
e) Decrease
in |
|
|
|
|
|
|
|
|
|
|
|
i ) Fixed
Assets |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
ii) Other
Non-Current Assets |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
f) Others
(quasi) |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
g) written back/w-off |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
TOTAL |
6.650 |
8.763 |
9.866 |
11.202 |
|
|
|
|
|
|
|
2 Uses |
|
|
|
|
|
a) Net Loss |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
b) Decrease in
Term Liabilities (Including Public Deposits) |
5.460 |
5.460 |
5.460 |
5.460 |
|
|
|
|
|
|
|
c) Increase
in |
|
|
|
|
|
|
|
|
|
|
|
i ) Fixed
Assets |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
ii) Other Non-Current Assets |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
d) Dividend
Payments/ Drawings |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
e) Others-
Financial Exp. Deferred |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
f) Total |
5.460 |
5.460 |
5.460 |
5.460 |
|
|
|
|
|
|
|
3 Long Term Surplus (+) / Deficit (-) ( 1 - 2 ) |
1.190 |
3.303 |
4.406 |
5.742 |
|
|
|
|
|
|
|
4 Increase / Decrease in Current Assets *( as
per details below ) |
9.316 |
4.741 |
5.052 |
7.056 |
|
|
|
|
|
|
|
5 Decrease in Current Liabilities other than Bank borrowings |
0.806 |
1.444 |
0.632 |
1.796 |
|
|
|
|
|
|
|
6 Increase / Decrease in Working Capital
Gap |
8.510 |
3.297 |
4.419 |
5.260 |
|
|
|
|
|
|
|
7 Net Surplus (+) / Deficit (-) (Difference
of 3 and 6) |
(7.320) |
0.006 |
(0.013) |
0.482 |
|
|
|
|
|
|
|
8 Increase / Decrease in Bank Borrowings |
7.400 |
--- |
--- |
--- |
|
|
|
|
|
|
|
INCREASE/ DECREASE
IN NET SALES |
22.606 |
9.135 |
3.334 |
3.451 |
|
|
|
|
|
|
|
*Break-Up of (4) |
|
|
|
|
|
i) Increase / Decrease in Raw Materials |
0.025 |
0.003 |
0.003 |
0.003 |
|
|
|
|
|
|
|
ii) Increase / Decrease in Stocks in
Process |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
iii) Increase / Decrease in Finished Goods |
4.286 |
0.652 |
0.512 |
0.503 |
|
|
|
|
|
|
|
iv) Increase /
Decrease in Receivables
|
|
|
|
|
|
(a) Domestic |
5.574 |
2.252 |
0.822 |
0.851 |
|
|
|
|
|
|
|
(b) Exports |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
v) Increase / Decrease
in Other Current Assets |
(0.570) |
1.833 |
3.714 |
5.699 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF CURRENT ASSETS
AND CURRENT LIABILITIES
(INR IN MILLION)
|
SR. NO. |
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||||
|
|
|
31.03.2019 Projected |
31.03.2020 Projected |
31.03.2021 Projected |
31.03.2022 Projected |
31.03.2019 Projected |
|
|
|
|
|
|
|
|
|
A |
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
Raw
materials (including store and other items used in the process of
manufacture) |
|
|
|
|
|
|
|
(a)
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
Months Consumption |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
|
(b)
Indigenous |
0.010 |
0.035 |
0.038 |
0.041 |
0.045 |
|
|
|
|
|
|
|
|
|
2 |
Other consumables Spares, Excluding those
included in 1 above (Packing Materials) |
|
|
|
|
|
|
|
(a) Imported
|
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
Months Consumption |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
|
(b)
Indigenous |
0.067 |
0.147 |
0.180 |
0.193 |
0.201 |
|
|
|
|
|
|
|
|
|
3 |
Stocks in progress |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
4 |
Finished
Goods (avg. Days Cost of Sales) |
1.638 |
5.924 |
6.576 |
7.088 |
7.591 |
|
|
|
|
|
|
|
|
|
5 |
Receivables
other than Exports and Deferred Receivables (Including Bills Purchased and
Discounted by Bankers) |
1.873 |
7.447 |
9.699 |
10.521 |
11.372 |
|
|
(Days
of Domestic Sales) |
|
|
|
|
|
|
|
Excluding
Deferred Payment Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6 |
ii) Export Receivables (Including Bills Purchased and Discounted
by Bankers) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
(0 Months Export Sales) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
7 |
Advances to suppliers of raw material and
stores/ Spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
8 |
Other Current Assets including Cash and
Bank Balance and Deferred Receivables due within One Year (Specify Major
Items) |
3.571 |
2.901 |
4.535 |
8.149 |
13.648 |
|
|
|
|
|
|
|
|
|
9 |
TOTAL CURRENT
ASSETS (To agree with item
34 in form III) |
7.159 |
16.454 |
21.027 |
25.992 |
32.856 |
|
|
|
|
|
|
|
|
|
B |
CURRENT
LIABILITIES (Other than bank borrowing for working capital)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10 |
Sundry Creditors for Purchases of raw
material, stores and consumables spares Months Purchases) |
0.068 |
0.247 |
0.268 |
0.290 |
1.414 |
|
|
(R.M. Days and Expenses Days) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
11 |
Advance Payments from customers/ Deposits
from Debtors |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
12 |
Statutory Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
13 |
Other Current Liabilities and Provisions
(Specify Major Items) (Short term borrowings, unsecured loans,
Dividend Payable, instalment of T/L, DPG, Public Deposits, Debentures etc.) |
0.200 |
0.220 |
0.742 |
0.816 |
0.898 |
|
|
Term Loans (Payable within One Year) |
5.460 |
5.460 |
5.460 |
5.460 |
5.460 |
|
|
|
|
|
|
|
|
|
|
Provisions for Taxation |
0.043 |
0.649 |
1.450 |
2.086 |
2.676 |
|
|
|
|
|
|
|
|
|
|
Dividend Payable |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
TOTAL |
5.771 |
6.576 |
8.020 |
8.652 |
10.448 |
-----------------------------------------------------------------------------------------------------------------------------
FINANCIAL INDICATORS
(INR IN MILLION)
|
PARTICULARS |
OPERATING YEARS (PROJECTED) |
||||
|
|
31.03.2019 Audited |
31.03.2020 Audited |
31.03.2021 Estimated |
31.03.2022 Projected |
31.03.2023 Projected |
|
Paid up capital |
12.000 |
12.000 |
12.000 |
12.000 |
12.000 |
|
|
|
|
|
|
|
|
Reserves and Surplus |
0.128 |
2.077 |
6.727 |
12.984 |
20.513 |
|
|
|
|
|
|
|
|
Share Application |
--- |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
|
Intangible Assets |
--- |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
|
Tangible Net worth |
12.129 |
14.077 |
18.727 |
24.984 |
32.513 |
|
|
|
|
|
|
|
|
Long Term Liabilities |
33.265 |
27.805 |
22.345 |
16.885 |
11.425 |
|
|
|
|
|
|
|
|
Capital Employed |
45.394 |
41.882 |
41.072 |
41.869 |
43.938 |
|
|
|
|
|
|
|
|
Net Block |
45.074 |
40.372 |
36.259 |
32.650 |
29.477 |
|
|
|
|
|
|
|
|
Investments |
--- |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
|
Non Current Assets |
--- |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
|
Net Working Capital |
0.199 |
1.420 |
4.753 |
9.189 |
14.461 |
|
|
|
|
|
|
|
|
Current Assets |
8.570 |
17.996 |
22.773 |
27.841 |
34.909 |
|
|
|
|
|
|
|
|
Current Liabilities |
8.371 |
16.576 |
18.020 |
18.652 |
20.448 |
|
|
|
|
|
|
|
|
Current Ratio |
1.02 |
1.09 |
1.26 |
1.49 |
1.71 |
|
|
|
|
|
|
|
|
DER (TL/TNW) |
2.74 |
1.98 |
1.19 |
0.68 |
0.35 |
|
|
|
|
|
|
|
|
TOL/TNW Ratio |
3.43 |
3.15 |
2.16 |
1.42 |
0.98 |
|
|
|
|
|
|
|
|
TOL/TNW along with Contingent |
3.43 |
3.15 |
2.16 |
1.42 |
0.98 |
|
|
|
|
|
|
|
|
Net Sales |
7.595 |
30.201 |
39.336 |
42.669 |
46.121 |
|
|
|
|
|
|
|
|
Cost of Sales |
5.487 |
21.924 |
26.805 |
28.230 |
29.543 |
|
|
|
|
|
|
|
|
Operating Profit/ EBDITA |
--- |
--- |
--- |
--- |
--- |
|
|
|
|
|
|
|
|
Other Income |
(0.030) |
(0.030) |
(0.030) |
(0.030) |
(0.030) |
|
|
|
|
|
|
|
|
Interest/ Finance Charges |
0.789 |
3.128 |
2.942 |
2.417 |
1.890 |
|
|
|
|
|
|
|
|
Depreciation |
1.600 |
4.702 |
4.113 |
3.609 |
3.173 |
|
|
|
|
|
|
|
|
Tax |
0.043 |
0.649 |
1.550 |
2.086 |
2.676 |
|
|
|
|
|
|
|
|
Net Profit after Tax |
0.128 |
1.948 |
4.650 |
6.257 |
8.029 |
|
|
|
|
|
|
|
|
Cash Accruals |
1.728 |
6.650 |
8.763 |
9.866 |
11.202 |
|
|
|
|
|
|
|
|
DSCR |
3.45 |
1.15 |
1.44 |
1.63 |
1.89 |
----------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. KARTICK BHOWAL
(INR IN MILLION)
|
PARTICULARS |
INR in Million |
|
Assets |
|
|
Land/ Building |
3.700 |
|
|
|
|
Investment in Business |
1.900 |
|
|
|
|
Cash at Bank/ Dep |
0.400 |
|
|
|
|
|
---------- |
|
Total |
6.000 |
|
|
|
|
Less: Liabilities |
|
|
Unsecured Loan |
1.600 |
|
|
---------- |
|
Total |
1.600 |
|
|
---------- |
|
NET WORTH |
4.400 |
-----------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. GITA BHOWAL
(INR IN MILLION)
|
PARTICULARS |
INR in Million |
|
Assets |
|
|
Land/ Building |
5.330 |
|
|
|
|
Investment in Business |
0.600 |
|
|
|
|
Cash at Bank/ Dep |
0.170 |
|
|
|
|
|
---------- |
|
Total |
6.100 |
|
|
|
|
Less: Liabilities |
|
|
Unsecured Loan |
0.100 |
|
|
---------- |
|
Total |
0.100 |
|
|
---------- |
|
NET WORTH |
6.000 |
-----------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. PARITOSH BHOWAL
(INR IN MILLION)
|
PARTICULARS |
INR in Million |
|
Assets |
|
|
Land/ Building |
4.100 |
|
|
|
|
Investment in Business |
2.000 |
|
|
|
|
Cash at Bank/ Dep |
0.100 |
|
|
|
|
Movable asset |
0.300 |
|
|
|
|
|
---------- |
|
Total |
6.500 |
|
|
|
|
Less: Liabilities |
|
|
Unsecured Loan |
2.200 |
|
|
---------- |
|
Total |
2.200 |
|
|
---------- |
|
NET WORTH |
4.300 |
-----------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. DURGA BHOWAL
(INR IN MILLION)
|
PARTICULARS |
INR in Million |
|
Assets |
|
|
Land/ Building |
2.300 |
|
|
|
|
Investment in Business |
0.700 |
|
|
|
|
Cash at Bank/ Dep |
0.300 |
|
|
|
|
|
---------- |
|
Total |
3.300 |
|
|
|
|
Less: Liabilities |
|
|
Unsecured Loan |
0.400 |
|
|
---------- |
|
Total |
0.400 |
|
|
---------- |
|
NET WORTH |
2.900 |
-----------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. MONIKA BHOWAL
(INR IN MILLION)
|
PARTICULARS |
INR in Million |
|
Assets |
|
|
Investment in Business |
1.000 |
|
|
|
|
Cash at Bank/ Dep |
0.400 |
|
|
|
|
|
---------- |
|
Total |
1.400 |
|
|
|
|
Less: Liabilities |
|
|
Unsecured Loan |
0.000 |
|
|
---------- |
|
Total |
0.000 |
|
|
---------- |
|
NET WORTH |
1.400 |
-----------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Date as on which valuation is made |
12.10.2017 |
|
|
|
|
Name of the Owner/ owners |
BHATRI SHAKTI AGRO
PRIVATE LIMITED represented by its Director- Mr. Kartick Bhowal, S/O.
Late Jogesh Bhowal, residing at Shakti
Nagar, Jalpaiguri Town, P.O: Kharia, P.S. and Dist: Jalpaiguri, Pin: 735102 |
|
Fair Market Value |
INR 24.475 Million |
|
|
|
|
Realizable Value |
INR 20.804 Million |
|
|
|
|
Forced Sale Value |
INR 18.356 Million |
-----------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
OPERATIONS
The company has reported total profit of INR 0.058 Million for the
current year as compared to INR 0.013 Million in the previous year.
FIXED ASSETS:
Tangible Assets
· Land and Plantations
· Plant and Machinery
-----------------------------------------------------------------------------------------------------------------------------
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 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 63.83 |
|
UK Pound |
1 |
INR 86.28 |
|
Euro |
1 |
INR 76.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
IND |
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 |
NO |
|
--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.