1. Summary Information
|
|
|
Country |
|
|
Company Name |
SHRI GEETA SACKS PRIVATE LIMITED |
Principal Name 1 |
Mrs. Geeta Devi Ranasaria |
|
Status |
Yet to commence business |
Principal Name 2 |
Mr. Murlidhar Sitaram Ransaria |
|
|
|
Registration # |
04-049360 |
|
Street Address |
L-401, |
||
|
Established Date |
14.11.2006 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Circular Woven HDPE/PP Sacks |
|
# of employees |
-- |
Product Name 2 |
Fabrics in both Laminated and Unlaminated Forms |
|
Paid up capital |
Rs.2,100,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors
or relatives of directors 100.00% |
Banking |
Bank of |
|
Public Limited Corp. |
No |
Business Period |
5 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ca (15) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
37,840,000 |
Current Liabilities |
6,000 |
|
Inventories |
000 |
Long-term Liabilities |
40,000,000 |
|
Fixed Assets |
000 |
Other Liabilities |
000 |
|
Deferred Assets |
000 |
Total Liabilities |
40,006,000 |
|
Invest& other Assets |
22,239,000 |
Retained Earnings |
(27,000) |
|
|
|
Net Worth |
20,073,000 |
|
Total Assets |
60,079,000 |
Total Liab. & Equity |
60,079,000 |
|
Total Assets (Previous Year) |
16,091,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
000 |
Net Profit |
(11,000) |
|
Sales(Previous yr) |
000 |
Net Profit(Prev.yr) |
(11,000) |
MIRA
INFORM REPORT
|
Report Date : |
08.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHRI GEETA SACKS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
L-401, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
14.11.2006 |
|
|
|
|
Com. Reg. No.: |
04-049360 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.100
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25191GJ2006PTC049360 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMS13614G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Circular Woven HDPE/PP Sacks and Fabrics in both
Laminated and Unlaminated Forms. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (15) |
|
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 |
|
Status : |
Yet to commence business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
As per last available financials, the company has not started its
commercial business activities. Payment terms are unknown. Initially, the company can be considered for business dealings on a
secured trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
L-401, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mrs. Geeta Devi Ranasaria |
|
Designation : |
Director |
|
Address : |
12, Sujan Bunglows, Near Shreyans Foundation, Ambawadi,
Ahmedabad-380015, |
|
Date of Appointment : |
14.11.2006 |
|
Din No.: |
01794354 |
|
|
|
|
Name : |
Mr. Murlidhar Sitaram Ransaria |
|
Designation : |
Director |
|
Address : |
12, Sujan Bunglows, Near Shreyans Foundation, Ambawadi,
Ahmedabad-380015, |
|
Date of Appointment : |
14.11.2006 |
|
Din No.: |
01346696 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
No. of
Preferences Shares |
No. of Equity
Shares |
|
Geeta Devi Ranasaria |
-- |
5000 |
|
Murlidhar Sitaram Ransaria |
-- |
5000 |
|
Ken Securities Limited, |
25000 |
-- |
|
Shree Salasar Balaji Apparels Private Limited |
25000 |
-- |
|
Shri Geeta Infratech Private Limited, |
150000 |
-- |
|
|
|
|
|
Total |
200000 |
10000 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Circular Woven HDPE/PP Sacks and Fabrics in both
Laminated and Unlaminated Forms. |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
Bankers : |
Bank of |
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ashok Dhariwal and Company Chartered Accountant |
|
Address : |
6th Floor, Narnarayan Complex, Navrangpura,
Ahmedabad-380009, |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Millions |
|
400000 |
Preferences Shares |
Rs.10/- each |
Rs.4.000 Millions |
|
|
Total |
|
Rs.5.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
|
200000 |
Preferences Shares |
Rs.10/- each |
Rs.2.000
Millions |
|
|
Total |
|
Rs.2.100 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.100 |
1.600 |
1.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
18.000 |
13.500 |
9.000 |
|
|
4] (Accumulated Losses) |
(0.027) |
(0.016) |
(0.005) |
|
|
NETWORTH |
20.073 |
15.084 |
10.095 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
40.000 |
1.000 |
6.000 |
|
|
TOTAL BORROWING |
40.000 |
1.000 |
6.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
60.073 |
16.084 |
16.095 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.000 |
0.000 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
22.100 |
2.100 |
2.100 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
0.045
|
0.057 |
0.065 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
37.795
|
13.795 |
13.795 |
|
Total
Current Assets |
37.840
|
13.852 |
13.860 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.006
|
0.007 |
0.004 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
0.006
|
0.007 |
0.004 |
|
|
Net Current Assets |
37.834
|
13.845 |
13.856 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.139 |
0.139 |
0.139 |
|
|
|
|
|
|
|
|
TOTAL |
60.073 |
16.084 |
16.095 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
0.000 |
0.000 |
0.004 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
0.011 |
0.011 |
0.006 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
0.011 |
0.011 |
0.006 |
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
BEFORE TAX |
(0.011) |
(0.011) |
(0.002) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
AFTER TAX |
(0.011) |
(0.011) |
(0.002) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
(0.004) |
(0.002) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
(0.015) |
(0.004) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.05) |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
NA
|
NA |
(50.00) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.03)
|
(0.08) |
(0.01) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.01)
|
(0.01) |
(0.00) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.99
|
0.07 |
0.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6306.67
|
1978.86 |
3465.00 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL RESULTS:
During the year under consideration company has incurred a loss of Rs.0.011
millions previous year Rs.0.011 millions.
FUTURE
PROJECTIONS:
Company is in the process of developing the business and is looking
forward for the various business opportunity during the next financial
activity.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U25191GJ2006PTC049360 |
|
Name of the
company |
SHRI GEETA SACKS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
L-401, |
|
Type of charge |
Book Debts Movable Property
(not being pledge) Floating Charge |
|
Particular of
charge holder |
Bank of |
|
Email |
|
|
Nature of description
of the instrument creating or modifying the charge |
Hypothecation Cum
Loan Agreement (Plant & Machinery, Stocks and Book Debts) Executed By The Company To
Secure Non Fund Based Aggregate Credit Facilities of Rs. 100.000 Millions |
|
Date of
instrument Creating the charge |
05.08.2010 |
|
Amount secured by
the charge |
Rs.100.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest LC (I / F) DP/ DA
/ Buyers Credit Upto 360 Days / Bank Gua (I) - as per FEDAI / RBI / Bank's
Rules Notified Fm Time To Time or Such other rate as may be prescribed by
bank from time to time Terms of
Repayment LC (I/F) DP/
DA - on demand / annual review buyers credit Upto
360 days - on demand / annual review bank guarantee
(I) - on demand / annual review Margin LC (I/F) DP/
DA - 30%* Buyers credit
upto 360 days - 30%* Bank guarantee
(I) - 30%* *by way of bank's
TDR Extent and
Operation of the charge First and exclusive
hypothecation charge on all tangible movable properties being plant and
machinery, stocks of materials and book debts and all other movable assets of
the company to secure non fund based aggregate credit facilities of Rs.
100.000 Millions alongwith interest, addl int, penal int, liquidated damages,
costs, charges, commission and all other amt due to the bank from time to
time of what so ever nature. Others Amt Rs in
Millions Non fund based LC (I/F) DP/
DA 100.000 Buyers
credit 100.000 Bank guarantee
(i) 10.000
------------- Max agg
limit 100.000 |
|
Short particulars
of the property charged |
I)
All
Mov Plnt and Mach, Equip Whthr Inst Or
Not and Whthr Lying Loose or In Case
Lying At L-401 Indraprastha Tower Gurukul Road Thaltej Ahd and C-727, Motiorbhoyan, Ta Kalol, Dist
Gandhinagar Or Else II)
All
Stk of Rm Such As Granules Etc Sem Fin Gds / Fin Gds Lying At L-401
Indraprastha Tower Gurukul Road Thaltej Ahd and C-727, Motiorbhoyan, Ta Kalol, Dist
Gandhinagar or Else III)
All
Present and Future Bk Dts,
Outstandings, Money Receivables, Claims, Bills Etc. |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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] 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.80 |
|
|
1 |
Rs.72.85 |
|
Euro |
1 |
Rs.63.11 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
|
15 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.