MIRA
INFORM REPORT
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Report Date : |
31.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
NGK GOURMET FOODS PRIVATE LIMITED |
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Registered Office : |
Plot No. 9, Ground Floor, Tilaknagar Industrial Area, New Delhi –
110018 |
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Country : |
India |
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Date of Incorporation : |
18.03.2008 |
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Com. Reg. No.: |
175548 |
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CIN No.: [Company
Identification No.] |
U01403DL2008PTC175548 |
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IEC No.: |
0508011523 |
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TAN No.: |
DELN09224F |
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PAN No.: [Permanent
Account No.] |
AACCN7296G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importers and Traders of Food Products. |
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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Status : |
New Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a new company promoted by NGK Trading Company, a well
established and reputed concern having fine track. Directors are reported as experienced,
respectable and having satisfactory means of their own. Subject has been started to take over the running business of its
sister concern Narco Exports and expects to register satisfactory business in
the first full year of its operations. Trade relations are fair. Payments are
reported as usually correct and as per commitments. The company can be considered good for business dealings, in view of
strong promoters. |
INFORMATION PARTED
BY
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Name : |
Mr. Sandeep Gogia |
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Designation : |
Director |
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Contact No.: |
91-9212610506 |
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Date : |
31.07.2008 |
LOCATIONS
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Registered Office : |
Plot No. 9, Ground Floor, Tilaknagar Industrial Area, New Delhi –
110018, India |
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Tel. No.: |
91-11-45597476 |
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Mobile No.: |
91-9212610506 |
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Fax No.: |
91-11-45597476 |
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E-Mail : |
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Area : |
2500 Sq. ft |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. Sandeep Gogia |
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Designation : |
Director |
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Address : |
Block F, Flat No. 603, The Residency Apartments, Ardee City, Sector
52, Gurgaon – 122 003, Haryana, India |
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Date of Birth/Age : |
25.09.1971 |
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Qualification : |
B.E, M B A |
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Name : |
Mr. Naresh Khosla |
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Designation : |
Director |
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Address : |
B – 1/03, Palm Groov Villas, Ardee City, Sector 52, Gurgaon – 122 002,
Haryana, India |
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Date of Birth/Age : |
11.10.1944 |
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Qualification : |
MA |
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Name : |
Mr. Gagan Khosla |
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Designation : |
Director |
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Address : |
B – 1/03, Palm Groov Villas, Ardee City, Sector 52, Gurgaon – 122 002,
Haryana, India |
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Date of Birth/Age : |
38 Years |
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Qualification : |
B.E. |
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Name : |
Mrs. Ritu Khosla |
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Designation : |
Director |
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Address : |
B – 1/03, Palm Groov Villas, Ardee City, Sector 52, Gurgaon – 122 002,
Haryana, India |
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Qualification : |
B.A. |
BUSINESS DETAILS
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Line of Business : |
Importers and Traders of Food Products. |
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Brand Names : |
v Sunny Select v MUSA v Ko-Lee v Mimi |
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Imports : |
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Products : |
v Food Items v Noodles v Olive Oil v Vinegar |
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Countries : |
v USA v UK v Spain |
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Terms : |
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Purchasing : |
Credit ( 60 days) |
GENERAL
INFORMATION
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Customers : |
v Wholesalers v Retailers |
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No. of Employees : |
15 |
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Bankers : |
v HSBC Bank v Axis Bank |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Girish Bhawad and Associates Chartered Accountants |
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Sister Concerns : |
v Narco Exports
(Non Operational Now) Address : A – 340, New
Sabji Mandi, Azadpur, New Delhi – 110033, India Line of Business
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Importer of Food Products. v NGK Trading
Company Address : A – 340, New
Sabji Mandi, Azadpur, New Delhi – 110033, India Line of Business
:
Importer of Food Products. |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity shares |
Rs. 10/- each |
Rs. 0.100 million |
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 million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
Estimated Sales Turnover (2008-09): Rs. 50.000 millions
LOCAL AGENCY
FURTHER INFORMATION
Trade References
v
Omni Pacific Inc
v
Kholico Brands UK Limited
v
Moreno S.A.
Midwest Buyers Mission 2008 – Buyer Profiles
NGK Gourmet Foods Private Limited
Mr. Sandeep Gogia, Director
Year Founded 1991
Annual Sales : $2 million
Total Imports : Not Given
U. S. Imports: $1 Million
Type of Business : Importer, Retailer,
Wholesaler Customers : Supermarkets / Hyper Markets, Convenience Stores,
Speciality / Gourmet Stores
Geographic Region : Pan –India Distribution products handled Dry / General,
Banking Mixes, Candy, Condiments, Natural / Organic/ Healthy, Snacks, Dairy
(Cheese), Gourmet / Speciality, Pasta, Grains, Beverages (Non alcoholic),
Sauces, Rice, Seasonings, Herbs, Oils, Pet Food, Canned Meat, Ready to Eat
Meals.
Comments: The company has a strong presence in
major cities such as Bangalore, Hyderabad, New Delhi, Mumbai, Kolkata and Goa.
Products are distributed from warehouses in New Delhi and Mumbai. NGK currently
imports products such as cereals, peanut butter, pasta, pasta sauces, cheese,
baking mixes, vinegar, mayonnaise, confectionery items and non alcoholic
beverages from the US and is looking to increase the product range.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 42.49 |
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UK Pound |
1 |
Rs. 84.21 |
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Euro |
1 |
Rs. 66.33 |
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. |
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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