MIRA
INFORM REPORT
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Report Date : |
28.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
MOTHER INDIA INTERNATIONAL PRIVATE LIMITED |
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Registered Office : |
2099 / 38, Nai Wala, Karol Bagh, New Delhi – 110055 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
09.01.1996 |
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Com. Reg. No.: |
55-75335 |
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CIN No.: [Company
Identification No.] |
U5131DL1996PTC075335 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELM10270B |
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PAN No.: [Permanent
Account No.] |
AABCM4032C |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business : |
Manufacturer and Provider of premium quality products such as Rice,
Flour, Dairy farming and Cement. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 44464 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track records. Trade
relations are fair. No payment records are available. The company can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
2099 / 38, Nai Wala, Karol Bagh, New Delhi – 110055, India |
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E-Mail : |
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Website : |
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Corporate Office : |
1738, Nai Basti Chowk, S P Mukherjee Road, New Delhi – 110 006,
Delhi., India |
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Tel. No.: |
91-11-23923131 |
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Mobile No.: |
91-9310780730 / 9810780730 |
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Fax No.: |
91-11-23953131 |
DIRECTORS
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Name : |
Mr. Jhummar Lal Gattani |
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Designation : |
Director |
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Address : |
B -208, Gujrawala Town, New Delhi – 9 |
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Date of Appointment : |
09.01.1996 |
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Name : |
Mr. Ram Kishan Gattani |
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Designation : |
Director |
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Date of Appointment : |
09.01.1996 |
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Name : |
Mr. Inder Chand Gattani |
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Designation : |
Director |
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Address : |
Titabar Roller Floor Mills Private Limited, Titabar District, Jorhat |
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Date of Appointment : |
09.11.1996 |
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Name : |
Mr. Mohaad Islao |
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Designation : |
Director |
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Address : |
G -13a, Jungpur Extension, New Delhi |
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Date of Appointment : |
01.07.2003 |
KEY EXECUTIVES
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Name : |
M/s Umesh Chand Sharma and Company |
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Designation : |
Company secretary |
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Address : |
Flat No. 5, 41/41, Punjabi Bagh, New Delhi – 110 026 |
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Mobile No: |
91-9811791967 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 31.03.2007)
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Names of Shareholders |
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No. of Shares |
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Mr. Jhummar Lal Gattani |
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1700 |
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Mr. Ram Kishan Gattani |
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220000 |
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Mr. Rajendra Prasad |
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21575 |
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Mr. Inder Chand Gattani |
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29100 |
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Mr. Narayan Pd Gattani |
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12875 |
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Mr. Ramesh Prasad Gattani |
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14750 |
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Titabar Roller Flour Mills Private Limited |
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50000 |
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Pancharatna Cement Private Limited |
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100000 |
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Total |
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450000 |
(As on 31.03.2007)
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Category |
Percentage |
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Bodies corporate |
33.33 |
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Directors or relatives of directors |
66.67 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Provider of premium quality products such as Rice,
Flour, Dairy farming and Cement. |
GENERAL INFORMATION
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Suppliers : |
· Dhanshree Tea Industries · First Flexi Pack Private limited |
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Customers : |
· United Flour Mills · Periwal Brothers · Haldiram Snacks Private Limited · Haldiram Exports Private Limited · Transolution Private Limited · TT Limited |
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No. of Employees : |
50 |
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Bankers : |
· Punjab National Bank , Address: Rajendra Place, New Delhi – 110 008, India · Central Bank Of India · Bank Of Rajasthan · HDFC Bank Limited · ICICI Bank Limited |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
O P Karnany and Associates Chartered Accountants |
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Address : |
4832/24 Ansari Road, Darya Ganj, New Delhi – 110002, India |
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Tel. No.: |
91-11-23287703 |
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Fax No.: |
91-11-23283077 |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity shares |
Rs. 10/- each |
Rs.5.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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450000 |
Equity shares |
Rs. 10/-
each |
Rs. 4.500
millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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4.500 |
2.500 |
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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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6.616 |
6.523 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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11.116 |
9.023 |
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LOAN FUNDS |
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1] Secured Loans |
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0.312 |
0.248 |
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2] Unsecured Loans |
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0.733 |
6.943 |
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TOTAL BORROWING |
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1.045 |
7.191 |
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DEFERRED TAX LIABILITIES |
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0.051 |
0.000 |
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TOTAL |
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12.212 |
16.214 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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1.940 |
0.892 |
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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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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.005 |
0.001 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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4.528 |
1.473 |
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Sundry Debtors |
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4.293 |
12.597 |
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Cash & Bank Balances |
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1.384 |
1.916 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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2.715 |
5.577 |
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Total
Current Assets |
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12.920 |
21.563 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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2.796 |
6.111 |
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Provisions |
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0.023 |
0.151 |
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Total
Current Liabilities |
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2.819 |
6.262 |
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Net Current Assets |
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10.101 |
15.301 |
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MISCELLANEOUS EXPENSES |
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0.166 |
0.020 |
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TOTAL |
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12.212 |
16.214 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Sales Turnover |
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0.000 |
0.000 |
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Other Income |
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0.000 |
0.000 |
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Total Income |
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0.000 |
0.000 |
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Profit/(Loss) Before Tax |
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0.206 |
0.407 |
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Provision for Taxation |
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0.114 |
0.149 |
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Profit/(Loss) After Tax |
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0.092 |
0.258 |
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Expenditures : |
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Depreciation & Amortization |
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0.312 |
0.203 |
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Financials Charges |
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0.067 |
1.537 |
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Total Expenditure |
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0.379 |
1.740 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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1.38 |
1.81 |
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Return on Investment (ROI) (PBT/Networth) |
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0.01 |
0.04 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.34 |
1.49 |
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Current Ratio (Current Asset/Current Liability) |
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4.58 |
3.44 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8:
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Corporation identity number or foreign company registrations number of
the company |
U51311DL1996PTC075335 |
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Name of the company |
MOTHER INDIA
INTERNATIONAL PRIVATE LIMITED |
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Address |
2099 / 38, Nai Wala, Karol Bagh, New Delhi – 110 055 |
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This Form is for |
Modification of charge |
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Type of Charges |
· Book debts · Movable property |
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Particular of the charge holder
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Punjab National Bank Address: Rajendra Place, New Delhi – 110 008 Email ID: inmpnb@Yahoo.Com |
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Nature or description of the instrument creating charge |
Memorandum of hypothecation of movable assets forming part of fixed /
Block assets and stock in trade |
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Date of the instrument creating charge |
10.07.2007 |
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Amount Secure by the charge |
Rs. 15.000 millions |
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Brief of the principal terms and conditions and extent and operation
of the charge |
Rate of interest: BPLR +0.50% (presently 13.5%) Terms of Repayment: Running Account Margin: Cash Credit : 25% stock Guarantee : 20% Extent and operation of
charge First charge on Entire current
assets, present and future including entire stock, book debts, Loan and
Advances, etc. |
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Particulars of the Property charged
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All the current assets of the company |
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Particulars of the present modification |
Increasing cash credit Limit (Hypothecation) from Rs. 8.000 millions
to Rs. 12.000 millions and letter of guarantee from Rs. 2.000 millions to Rs.
3.000 millions. |
WEBSITE DETAILS:-
Subject is an ISO certified and a highly credible
name amongst the manufacturers and providers of premium quality products and
services.
Offering a wide variety, their
products pave their way straight from their modern and state-of-the-art
infrastructure consisting of Rice Mills, Flour Mills, Dairy Farming, Cement
factory. They also offer services like Air Tickets and Tour Packages to the
most recently added FMCGs (Fast Moving Consumer Goods)
The company was promoted in the
year 1996 by its parent group,
i.e., Gattani Group, founded by
Late Shri Ganga Bishan Gattani, who hailed from a small village Nokha in the
district of Bikaner (Rajasthan). The Group grew by leaps and bounds to reach
the pinnacle that it has reached today. This tremendous achievement did not
happen on its own. It has come up with flying colors only after dedicated
contribution with high reputation and experience coupled with immense amount of
zeal and enthusiasm as well as state-of-the art manufacturing facilities.
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 |
|
US Dollar |
1 |
Rs.42.89 |
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UK Pound |
1 |
Rs.84.84 |
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Euro |
1 |
Rs.67.61 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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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37 |
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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