MIRA
INFORM REPORT
|
Report Date : |
21.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
GIRDHAR EXIM PRIVATE LIMITED |
|
|
|
|
Registered Office : |
2/57, Subhashnagar, New Delhi – 110027 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
13.11.1996 |
|
|
|
|
Com. Reg. No.: |
55 – 83242 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U21011DL1996PTC083242 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Importer, Exporter and Representatives of Coking Coal. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 370 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small and unknown marketing organization operations with
small commission income. It has very limited business. No payments are
available. It can be considered for only business dealings on safe and secured
trade terms and conditions, only. |
INFORMATION PARTED
BY
|
Name : |
Mr. S K Gupta |
|
Designation : |
Director |
|
Contact No.: |
91-9213385211 |
|
Date : |
17.07.2008 |
LOCATIONS
|
Registered Office : |
2/57, Subhashnagar, New Delhi – 110027, India |
|
Tel. No.: |
91-11-25138528 |
|
Mobile No.: |
91-9213385211 |
|
Fax No.: |
91-11-25138528 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Sudesh Kumar Gupta |
|
Designation : |
Director |
|
Address : |
2/57 A, Block No. 2, Subhashnagar, New Delhi – 110027, India |
|
Date of Birth/Age : |
07.01.1941 |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.05.2001 |
|
|
|
|
Name : |
Mrs. Sanyogita Gupta |
|
Designation : |
Director |
|
Address : |
2/57 A, Block No. 2, Subhashnagar, New Delhi – 110027, India |
|
Date of Birth/Age : |
08.02.1942 |
|
Date of Appointment : |
01.05.2001 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 31.05.2005
|
Names of Shareholders |
No. of Shares |
|
Mr. Sudesh Kumar Gupta |
5000 |
|
Mrs. Sanyogita Gupta |
5000 |
|
Total |
10000 |
Equity share breakup
(Percentage of total equity)
As on 31.03.2007
|
Sr. No. |
Category |
Percentage |
|
1. |
Directors or relatives of directors |
100.00 |
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer, Exporter and Representatives of Coking Coal. |
GENERAL
INFORMATION
|
No. of Employees : |
8 |
|
|
|
|
Bankers : |
Punjab National Bank Mayapuri |
|
|
|
|
Banking
Relations : |
Unknown |
|
|
|
|
Auditors : |
|
|
Name : |
D C G and Company Chartered Accountants |
|
Address : |
4819/24, Ansari Road, Darya Ganj, Delhi – 110002, India |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity shares |
Rs. 10/- each |
Rs. 0.500 million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity shares |
Rs. 10/- each |
Rs. 0.100
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2007 |
31.03.2006 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.100 |
0.100 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
(0.026) |
(0.024) |
|
|
NETWORTH |
|
0.074 |
0.076 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
0.074 |
0.076 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.000 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
0.052 |
0.053 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
0.028 |
0.028 |
|
Total
Current Assets |
|
0.080 |
0.081 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
0.006 |
0.005 |
|
Total
Current Liabilities |
|
0.006 |
0.005 |
|
|
Net Current Assets |
|
0.074 |
0.076 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
0.074 |
0.076 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.08 |
0.07 |
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
13.33 |
16.20 |
LOCAL AGENCY
FURTHER INFORMATION
Note:
The Registered Office of the Company has been shifted from 188,
Hargovind Enclave, Delhi – 110027, India to
2/57, Subhashnagar, New Delhi – 110027, India with effect from 01.05.2001
Principal for
Coking Coal:
v
Anat Private Limited – Willeton
Office Suite 11, Commercial Centre, Market
City, 280, Bannister Road, Canning Vale WA 6155, P O Box 343, Willetton, WA -
6955
Companies Represented by the subject company in India :
- Ausilanks Private Limited, 100-3/1, Galle Road Clombo 4, Srilanka
[Registered No. N( PVS) 43626) [Trading internationally various products/
Commodities such as Rice, Copper cathodes, Steel Bars, Bauxite, Iron ore,
Urea, Cement, Clinkers]
- Australian Capital Migration Private Limited (116393750), Dickson,
Act, Canberra, Australia recruiting various qualified professionals for
Australia
- Cops Worldwide Inc 410, 17th Street, Suite 1225, Danver,
Colorado 80202 usa.cops@copsbanker.com
(leading merchant Bank of USA), Looking to make investments in India.
- Cosmopolitan Inc#4115-41, Ayameike –minami, 6-chrome, Naracxity,
Japan-631-0033, Mr. Y.Sasae President E-mail y.sasae@d7.dion.ne.jp (one of the
leading management consultant of Japan. I am his Indian business
associates)
- Cops International Limited (Finance Company)
- Capital Investments- USA. Inc (Finance Company)
- Internet Brokers Inc. 1636 North Wells Street, Chicago, IIIinois USA
(getting the flow of capital from USA to India Real Estate Sector)
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 :
The 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.
The 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 |
Rs. 42.78 |
|
UK Pound |
1 |
Rs. 85.51 |
|
Euro |
1 |
Rs. 67.90 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
TOTAL |
|
14 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|