|
|
|
MIRA INFORM REPORT
|
Report No. : |
516950 |
|
Report Date : |
28.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
INDIAN TRADING BUREAU PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
28, Dr. Sundari Mohan Avenue, Kolkata - 700014, West Bengal |
|
Tel. No.: |
91-33-22896702 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
26.11.1948 |
|
|
|
|
CIN No.: [Company Identification No.] |
U51433WB1948PTC017356 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 13.588 Million |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI5934J |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
·
Subject is primarily engaged in Importer and
Trader of Chemicals and Poultry Feed Supplements and Additives. [Registered
Activity] ·
Trader of Poultry Feed Additives such as Amino Acids,
Premix and Enzymes. [From Indirect Sources] |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Maximum Credit Limit : |
USD 124000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1948 and it is a trader of
poultry feed additives such as amino acids, premix and enzymes. As per financials of March 2017, the company has registered decline in
its revenue and has reported minimal profit margin. Rating takes into consideration the company’s moderate financial risk
profile along with slightly high debt balance sheet and unfavourable gap
between its trade payables to its trade receivables. Rating is further constrained on account of susceptibility to
fluctuations in the prices of traded commodities, foreign exchange (forex)
rates and exposure to risk inherent in the poultry industry. However, rating weakness is partially offset by promoters’ experience
of over two decades and healthy relations with customers and suppliers. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with some caution. |
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 (31.12.2017) |
Current Rating (01.04.2018) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term Rating = B- |
|
Rating Explanation |
Risk prone credit quality and carries very
high credit risk. |
|
Date |
31.01.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Rating = A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
31.01.2018 |
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
31-03-2018.
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 28.06.2018
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 DECLINED
MANAGEMENT NON-COOPERATIVE
[TEL. NO.: 91-33-22896702]
91-33-22896703/04 – Continuously Ringing
LOCATIONS
|
Registered/ Corporate Office : |
28, Dr. Sundari Mohan Avenue, Kolkata - 700014, West Bengal, India |
|
Tel. No.: |
91-33-22896702/ 03/ 04 |
|
Fax No.: |
91-33-22896705 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Ramanjeet Singh Chattha |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
220/1, A. J. C. Bose Road, Kolkata 700017, West Bengal, India |
||||||||||||
|
Date of Birth/Age : |
20.01.1985 |
||||||||||||
|
Date of Appointment : |
01.01.2005 |
||||||||||||
|
DIN No.: |
00179349 |
||||||||||||
|
Other Directorship :
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mrs. Jatinder Kaur |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
28, Dr. Sundari Mohan Avenue, Kolkata 700014, West Bengal, India |
||||||||||||
|
Date of Birth/Age : |
04.12.1960 |
||||||||||||
|
Date of Appointment : |
01.04.1995 |
||||||||||||
|
DIN No.: |
00737776 |
||||||||||||
|
Other Directorship :
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mrs. Poonam Chattha |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
28, Dr. Sundari Mohan Avenue, P.O. Enttaly, P.S. Beniapukur, Kolkata 700014, West Bengal, India |
||||||||||||
|
Date of Birth/Age : |
19.03.1970 |
||||||||||||
|
Date of Appointment : |
01.04.1995 |
||||||||||||
|
DIN No.: |
00738192 |
||||||||||||
|
Other Directorship :
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Tejvinder Singh Chattha |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
28, Dr. Sundari Mohan Avenue, Kolkata 700014, West Bengal, India |
||||||||||||
|
Date of Birth/Age : |
08.05.1963 |
||||||||||||
|
Date of Appointment : |
27.09.1993 |
||||||||||||
|
DIN No.: |
00738523 |
||||||||||||
|
Other Directorship :
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Mayankjeet Singh Chattha |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
28, Dr. Sundari Mohan Avenue, Kolkata 700014, West Bengal, India |
||||||||||||
|
Date of Birth/Age : |
20.04.1987 |
||||||||||||
|
Date of Appointment : |
19.12.2005 |
||||||||||||
|
DIN No.: |
00738652 |
||||||||||||
|
Other Directorship :
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Japika Talwar |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
8, Dover Park, Ballygunge, Kolkata 700019, West Bengal, India |
||||||||||||
|
Date of Birth/Age : |
19.04.1991 |
||||||||||||
|
Date of Appointment : |
21.06.2013 |
||||||||||||
|
DIN No.: |
06610652 |
||||||||||||
|
Other Directorship :
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Rahatbir Singh Chattha |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
Dr. Sundari Mohan Avenue, House No. 28, Kolkata 700014, West Bengal, India |
||||||||||||
|
Date of Appointment : |
16.04.2015 |
||||||||||||
|
DIN No.: |
07174682 |
||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Tejvinder Singh Chattha |
|
222480 |
|
Ramanjeet Singh Chattha |
|
98560 |
|
Mayankjeet Singh Chattha |
|
96460 |
|
Jatinder Kaur |
|
49100 |
|
Poonam Chattha |
|
74300 |
|
Japika Talwar |
|
1000 |
|
Rahatbir Singh Chattha |
|
1400 |
|
Manoj Kumar Bhagat |
|
100 |
|
Piyush Kumar Bhagat |
|
100 |
|
|
|
|
|
Total |
|
543500 |
AS ON 18.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
99.96 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
0.04 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
·
Subject is primarily engaged in Importer and
Trader of Chemicals and Poultry Feed Supplements and Additives. [Registered
Activity] ·
Trader of Poultry Feed Additives such as Amino
Acids, Premix and Enzymes. [From Indirect Sources] |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
Not Divulged |
||||||
|
|
|
||||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
· Amrit Feeds Limited · Divi Enterprises · Essar Agro Products · Prime Ventures · Supreme Industries · Sun Rise Enterprises · S.B. Brothers |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
· A S Chattha Exim Private Limited · Bansal Enterprises · Bhagabati Poultry Farm · Cameo Pharma · Dynamic Hatcheries Private Limited · Gopal Farm · Indian Steel Corporation ·
K.B. Feed Supplements |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
G. Arora and Company Chartered Accountants |
|
Address : |
Flat No. 3, Ballygunge Apartments, 52A, Ballygunge Circular Road, Kolkata –
700019, West Bengal, India |
|
Tel. No.: |
91-33-24614084 |
|
Mobile No.: |
91-9836331343 |
|
PAN No.: |
ADAPA9659C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprise having control over reporting enterprise : |
A S Chattha Exim Private Limited |
|
|
|
|
Enterprise over which key management personnel exercise significant
influence : |
· Prime Ventures · Blow-Chem and Ayurvedic Industries · Golden Orchid · Golden Farms · New Indian Feeds Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 25/- each |
INR 25.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
543500 |
Equity Shares |
INR 25/- each |
INR 13.588
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 |
13.588 |
13.588 |
13.588 |
|
(b) Reserves & Surplus |
29.693 |
27.418 |
25.272 |
|
(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) |
43.281 |
41.006 |
38.860 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
10.223 |
12.666 |
17.346 |
|
(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) |
10.223 |
12.666 |
17.346 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
165.127 |
165.909 |
133.140 |
|
(b)
Trade payables |
67.148 |
49.328 |
65.213 |
|
(c)
Other current liabilities |
7.068 |
2.107 |
2.415 |
|
(d)
Short-term provisions |
1.120 |
1.135 |
1.200 |
|
Total
Current Liabilities (4) |
240.463 |
218.479 |
201.968 |
|
|
|
|
|
|
TOTAL |
293.967 |
272.151 |
258.174 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
9.264 |
10.602 |
10.407 |
|
(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 |
0.572 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
10.273 |
11.588 |
11.188 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
19.537 |
22.190 |
22.167 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
64.939 |
57.664 |
54.558 |
|
(c)
Trade receivables |
107.211 |
99.004 |
108.489 |
|
(d)
Cash and cash equivalents |
9.534 |
14.674 |
15.124 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f)
Other current assets |
92.746 |
78.619 |
57.836 |
|
Total
Current Assets |
274.430 |
249.961 |
236.007 |
|
|
|
|
|
|
TOTAL |
293.967 |
272.151 |
258.174 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
327.465 |
345.787 |
410.977 |
|
|
|
Other Income |
1.241 |
1.810 |
1.879 |
|
|
|
TOTAL |
328.706 |
347.597 |
412.856 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
256.056 |
269.611 |
325.391 |
|
|
|
Changes in inventories of
finished goods |
(7.275) |
(3.106) |
(11.538) |
|
|
|
Trading expenses |
40.594 |
41.105 |
44.666 |
|
|
|
Employees benefits expense |
9.216 |
8.739 |
7.235 |
|
|
|
Extraordinary Items |
0.120 |
0.424 |
-0.478 |
|
|
|
Other expenses |
17.955 |
23.558 |
24.317 |
|
|
|
TOTAL |
316.666 |
340.331 |
389.593 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
12.040 |
7.266 |
23.263 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.379 |
2.406 |
17.567 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.661 |
4.860 |
5.696 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.363 |
2.023 |
1.912 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.298 |
2.837 |
3.784 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.023 |
0.691 |
1.043 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.275 |
2.146 |
2.741 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
4.19 |
3.95 |
5.04 |
|
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) |
119.50 |
104.50 |
96.35 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.05 |
3.49 |
3.79 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
95.72 |
66.78 |
73.15 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.19 |
0.13 |
0.43 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.30 |
0.69 |
2.24 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.85 |
0.85 |
0.85 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
4.05 |
4.35 |
3.87 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
5.56 |
5.33 |
5.20 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.21 |
0.26 |
0.27 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.63 |
3.02 |
1.32 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.69 |
0.62 |
0.67 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.77 |
0.79 |
1.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.26 |
5.23 |
7.05 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.14 |
1.14 |
1.17 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.87 |
0.88 |
0.90 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.15 |
0.15 |
0.15 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
12.90 |
13.14 |
11.07 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.14 |
1.14 |
1.17 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
13.588 |
13.588 |
13.588 |
|
Reserves & Surplus |
25.272 |
27.418 |
29.693 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
38.860 |
41.006 |
43.281 |
|
|
|
|
|
|
Long-term borrowings |
17.346 |
12.666 |
10.223 |
|
Short term borrowings |
133.140 |
165.909 |
165.127 |
|
Total
borrowings |
150.486 |
178.575 |
175.350 |
|
Debt/Equity
ratio |
3.873 |
4.355 |
4.051 |
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 |
410.977 |
345.787 |
327.465 |
|
|
|
-15.862 |
-5.299 |
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 |
410.977 |
345.787 |
327.465 |
|
Profit |
2.741 |
2.146 |
2.275 |
|
|
0.67% |
0.62% |
0.69% |
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 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 |
Yes |
|
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B74825126 |
10424846 |
PUNJAB & SINDH BANK |
30/04/2013 |
- |
- |
10000000.0 |
IBD BRANCH14-15 OLD COURT HOUSE STREET,KOLKATAWB700001IN |
|
2 |
B71465652 |
10413918 |
PUNJAB & SINDH BANK |
08/03/2013 |
- |
- |
5000000.0 |
IBD BRANCH14-15 OLD COURT HOUSE STREET,KOLKATAWB700001IN |
|
3 |
C03592201 |
10256111 |
PUNJAB & SIND BANK |
03/11/2010 |
21/04/2014 |
- |
73500000.0 |
14-15 OLD COURT HOUSE STREETKOLKATAWB700001IN |
|
4 |
C43913474 |
90251850 |
PUNJAB & SIND BANK |
28/04/1997 |
11/12/2014 |
- |
185500000.0 |
I.B.D. BRANCHKOLKATAWB700001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From Shareholders |
4.150 |
4.150 |
|
From Others |
6.073 |
8.371 |
|
|
|
|
|
Total |
10.223 |
12.521 |
STATE OF COMPANY’S
AFFAIRS AND FUTURE OUTLOOK:
The Company is engaged in the business of Poultry Feed Supplements and
Additives. There has been no change in the business of the Company during the
financial year ended 31.03.2017.
FIXED ASSETS:
· Land
· Building
· Computer and Software
· Furniture and Fitting
· Electrical Installations and Equipment
· Motor Vehicles
· Office Equipment
· 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 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
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.52 |
|
UK Pound |
1 |
INR 90.60 |
|
Euro |
1 |
INR 79.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHWE |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
BVA |
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.