MIRA
INFORM REPORT
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Report Date : |
05.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
GOURMET ITALIAN FOOD COMPANY PRIVATE LIMITED |
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Registered Office : |
Bajaj Arcade, Flat # 6, 2nd Floor, 31 Union Park Road, Khar
[West], Near Pali Hill Hotel, Mumbai – 400052, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
09.11.2005 |
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Com. Reg. No.: |
157215 |
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CIN No.: [Company
Identification No.] |
U55100MH2005PTC157215 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMG11311G |
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PAN No.: [Permanent
Account No.] |
AACCG4614P |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business : |
Manufacturing and sale of Ice – Cream and related products. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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Maximum Credit Limit : |
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Status : |
New Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a new
company and in the process of establishing itself. Directors are however
reported as experienced and respectable businessmen. Trade relations are reported
as fair. Payments are usually correct and as per commitments. The company can
be considered normal for business dealings at usual trade terms and
conditions. |
LOCATIONS
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Registered Office : |
Bajaj Arcade, Flat # 6, 2nd Floor, 31 Union Park Road, Khar
[West], Near Pali Hill Hotel, Mumbai – 400052, Maharashtra, India |
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Head Office : |
Gagangiri Premises CHS Limited, B Building, Shop No. B-1, 308 &
423, Off Carter Road, Khar Danda, Khar [West], Mumbai – 400052, Maharashtra,
India |
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Tel. No.: |
91-22-26481559 |
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Mobile No.: |
91-9867414617 / 9833287633 |
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Fax No. : |
91-22-26481559 |
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Email : |
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Website : |
DIRECTORS
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Name : |
Mr. Yasser Ali |
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Designation : |
Director |
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Address : |
101, Laksh-Deep Gulmohar Cross Road – 4, JVPD Scheme, Juhu, Mumbai –
400049 |
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Date of Appointment : |
09.11.2005 |
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Name : |
Mr. Nayyer Hussain Tripathi |
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Designation : |
Director |
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Address : |
48, Crescent Tower, Brindley Drive, Brimingham, UK |
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Date of Appointment : |
09.11.2005 |
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Name : |
Mr. Costanzo Malatto |
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Designation : |
Director |
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Address : |
Piassa Matteotti 56 Sestri Levante GE, Italy |
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Date of Appointment : |
09.11.2005 |
MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Mr. Yasser Ali |
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1300 |
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Mr. Nayyer Hussain Tripathi |
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5400 |
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Mr. Costanzo Malatto |
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3300 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and sale of Ice – Cream and related products. |
GENERAL
INFORMATION
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Bankers : |
Not Available |
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Facilities : |
-- |
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Banking
Relations : |
-- |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY FURTHER
INFORMATION
AS PER WEBSITE
Store features
for the first time
- Freshly made
gourmet Italian ice cream (GELATO ) made daily
- New flavours
added ( Everyday )
- Recipes by
AWARD WINNING Master Gelatiere Costanzo Malatto
- Sorbet
flavours which are 100 % Fat Free
- All Gelato
and Sorbetti products 100 % Vegetarian
- Amore Sorbets
and Gelato’s are 100% free of artificial additives and preservatives,
AMORE’s Gourmet GELATO
Chef
Italian Gelato Chef, Costanzo Malatto of Baciollo in Italy, with
over 27 years of experience in crafting authentic gelato, and co-owner of Amore
has won prizes in international gelato fairs including SIGEP the world gelato
fair and Tirreno ct for flavours such as Basil, Hazelnut and Chocolate and also
Toffee. His gourmet offerings that are hits in Italy are Peanut and Coffee,
Cinnamon and Ginger, Strawberry with Balsamic Vinegar, Figs and Walnuts and
Pine nut with caramel.
What they produce at Amore are to Costanzo’s recipes and as
Technical Director of Amore he ensures they strive to the highest standards of
quality and presentation
Art and Science meet
For great Gelato you need passion, Artisanal skills, and top
quality imported Italian technology that Amore has in it’s kitchen As Gelato is
manufactured in micro batches it is always fresh and local ingredients are
supplemented with the use where necessary of imported Italian ingredients
Free from artificial additive and low fat too
Amore’s Gelato is a true treat for health conscious people as it
doesn’t have any artificial flavors, additives or preservatives and has a
significantly lower fat content when compared to industrial ice creams. Amore
Gelato contains 35-40 per cent over run, which means it has more product and
less air content thus yields a denser, more compact consistency as compared to
industrial ice cream which has 80 -100 per cent over run.
The scientific manufacturing and freezing process imparts a smooth
and creamier texture to gelato, which allows it to be served with a spatula.
Amore Sorbetti is by contrast 100% milk free and fat free
and made with fruit taken fresh from the market that day Enjoy!
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.15 |
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UK Pound |
1 |
Rs.85.22 |
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Euro |
1 |
Rs.57.63 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
1 |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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18 |
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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