MIRA
INFORM REPORT
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Report Date : |
08.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
NORTH
GUJARAT SAT ISABGUL INDUSTRIES PRIVATE LIMITED |
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Registered Office : |
R S
No. 1361, State Highway (North Gujarat), Unjha - 384170, Gujarat, India. |
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Country : |
India |
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Financials (as on) : |
31.03.2003 |
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Date of Incorporation : |
17.04.1976 |
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Com. Reg. No.: |
04-2894 |
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CIN No.: [Company
Identification No.] |
U01135GJ1976PTC002894 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AHMN01860F |
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PAN No.: [Permanent
Account No.] |
AAACN5173E |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Manufacturing, Supplying and Exporting of
supreme psyllium products and accessories such as psyllium husk, psyllium
powder, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject
is a well-established and reputed company having satisfactory track.
Directors are reported as experience and respectable businessmen. Trade
relations are reported as fair. Business is active. 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/ Factory : |
R S
No. 1361, State Highway (North Gujarat), Unjha - 384170, Gujarat, India. |
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Tel. No.: |
91-2767-253602 |
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Mobile No.: |
91-9824387785/
9825031099 |
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Fax No.: |
91-2767-252404 |
DIRECTORS
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Name : |
Mr.
Patel Narendrakumar Kanjibhai |
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Designation : |
Director |
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Address : |
Ambapura,
Unjha - 384170, Gujarat, India. |
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Date of Birth/Age : |
05.09.1954 |
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Date of Appointment : |
17.04.1976 |
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Name : |
Mr.
Patel Kiritkumar Gangaram |
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Designation : |
Director |
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Address : |
4,
Mahavir Bunglows, At. Unjha, Mehsana - 384170, Gujarat, India. |
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Date of Birth/Age : |
17.07.1951 |
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Date of Appointment : |
17.04.1976 |
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Name : |
Mr.
Patel Dhanjibhai Gangaram |
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Designation : |
Director |
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Address : |
Divya
Colony, Taluka Unjha, Mehsana - 384170, Gujarat, India. |
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Date of Birth/Age : |
30.10.1940 |
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Date of Appointment : |
17.04.1976 |
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Name : |
Mr.
Patel Navinchandra Kanjibhai |
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Designation : |
Director |
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Address : |
12,
Bharat Colony, Nr. Sardar Patel Colony, Ahmedabad – 380 014, Gujarat, India. |
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Date of Birth/Age : |
18.10.1944 |
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Date of Appointment : |
01.02.1978 |
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Name : |
Mr.
Harshadray Natwarlal Raval |
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Designation : |
Director
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Name : |
Mr.
Kanjibhai Lalludas Patel |
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Designation : |
Director |
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Name : |
Mr.
Himanshu Narendra Patel |
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Designation : |
Additional
Director |
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Address : |
Nr.
G.L.Patel High School, At. Unjha, Mehsana – 384 170, Gujarat, India. |
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Date of Birth/Age : |
01.02.1980 |
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Date of Appointment : |
15.06.2006 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
No. of Shares |
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Natwarlal
Harshadray Raval |
5 |
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Narendrakumar
Kanjibhai Patel |
5 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing, Supplying and Exporting of
supreme psyllium products and accessories such as psyllium husk, psyllium
powder, etc. |
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Products : |
Psyllium Husk, Psyllium Powder,
Industrial Powder and Cattle Feed. |
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Exports to : |
USA, European nations, Middle East
and other parts of the world |
PRODUCTION
STATUS
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Particulars |
Actual Production |
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Psyllium Husk, Psyllium Powder, Industrial
Powder and Cattle Feed |
450-500 M.T Monthly |
GENERAL
INFORMATION
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No. of Employees : |
20 |
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Bankers : |
Not
Divulged |
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Facilities : |
-- |
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Auditors : |
N Shah
& Associates Chartered
Accountant |
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Memberships: |
Pharmexil, Export Promotion
Council |
CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
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10000 |
Equity
Shares |
Rs. 100/- each |
Rs. 1.000 Millions |
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
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10000 |
Equity
Shares |
Rs. 100/- each |
Rs. 1.000 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
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SOURCES OF FUNDS |
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31.03.2003 |
31.03.2002 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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1.000 |
1.000 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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19.517 |
20.698 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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20.517 |
21.698 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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TOTAL BORROWING |
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0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.034 |
0.000 |
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TOTAL |
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20.551 |
21.698 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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1.487 |
0.798 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.187 |
0.187 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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Sundry Debtors |
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Cash & Bank Balances |
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19.963 |
21.854 |
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Other Current Assets |
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Loans & Advances |
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Total Current Assets |
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19.963 |
21.854 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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1.086 |
1.141 |
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Provisions |
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0.000 |
0.000 |
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Total Current Liabilities |
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1.086 |
1.141 |
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Net Current Assets |
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18.877 |
20.713 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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20.551 |
21.698 |
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KEY
RATIOS
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PARTICULARS |
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31.03.2003 |
31.03.2002 |
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Debt
Equity Ratio (Total
Liability/Networth) |
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0.05 |
0.05 |
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Current
Ratio (Current
Asset/Current Liability) |
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18.38 |
19.15 |
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE DETAILS
Gifting the best uses of psyllium to the whole
world since year 1976...
Profile
Bad
digestion is one of the major problems faced by the majority of people in the
world. Psyllium possess many magical qualities and is mainly used as a dietary
fiber which is not absorbed by the small intestine. Although its main use has
been that of a laxative, it is more appropriately termed as a true dietary
fiber. North Gujarat Sat Isabgul Industries Pvt. Ltd. is one of the
leading names engaged in manufacturing,
supplying and exporting of supreme psyllium products and accessories such as
psyllium husk, psyllium powder, etc. The entity has earned a reputed
position in every client's heart. They are administered by sound management
principles at every level of manufacturing process. Their impeccable quality,
wide distribution network, timely delivery and competent prices provide us an
additional edge over other competitors in the same arena.
Product Range
Apart from being a good dietary fiber, Psyllium also
possesses several other desirable qualities. It can also be used as a thickener
in ice-cream and frozen desserts. They, at North Gujarat Sat Isabgul
Industries Pvt. Ltd., offer the following range of invincible psyllium
products:
- Psyllium Husk
- Psyllium Powder
- Industrial
Powder
- Cattle Feed.
Quality Assurance
They follow rigid quality control procedures,
commencing right from the purchase of raw materials to the delivery of final
products. Enough care is taken while purchasing the raw materials by also
employing the material harvested from their own land. The whole manufacturing
process is done by using ultra modern equipments under the supervision of
highly expert personnel in order to keep alive the miraculous qualities of
psyllium seed. World class packaging prevents the goods from any sort of
contamination, damage and also keeps its freshness alive.
Infrastructure
Their company is fully equipped with the best infrastructural facilities in
order to manufacture an array of superlative products. They possess highly
efficient manpower coupled with an ultra- modern machinery which perfectly
matches with their equation of producing inimitable range of products.
Moreover, their capability to feed the bulk demand paves the way to earn a
reputed platform in the same discipline. They always promote fair and
transparent trade practices and welcome queries and suggestions from their
esteemed clients.
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
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Indian Rupees |
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US
Dollar |
1 |
Rs. 44.12 |
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UK
Pound |
1 |
Rs. 87.01 |
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Euro |
1 |
Rs. 57.45 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
7 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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 |
YES |
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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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47 |
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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