BUSINESS INFORMATION REPORT
1. Summary Information
|
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|
Country |
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Company Name |
GHODAWAT ENERGY PRIVATE LIMITED |
Principal Name 1 |
Chandrabha B. Budgujar |
|
Status |
Satisfactory |
Principal Name 2 |
Sanjay Danchand Ghodawat |
|
|
|
Registration # |
11-74899 |
|
Street Address |
Gat No. 355, Post Majale, Tal Hatkanangale District, |
||
|
Established Date |
04.11.1993 |
SIC Code |
-- |
|
Telephone# |
91-230-2483714 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-230-2483715 |
Business Style 2 |
- |
|
Homepage |
-- |
Product Name 1 |
Electricity Turbines |
|
# of employees |
- |
Product Name 2 |
- |
|
Paid up capital |
Rs.30,000,000/- |
Product Name 3 |
- |
|
Shareholders |
Directors or relatives of directors: 100% |
Banking |
State Bank of |
|
Public Limited Corp. |
NO |
Business Period |
17 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
A (65) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
Godawat Consumer Products Private Limited |
|
Group
Company |
- |
|
- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2008 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,226,989,000 |
Current Liabilities |
158,195,000 |
|
Inventories |
249,266,000 |
Long-term Liabilities |
1258,635,000 |
|
Fixed Assets |
750,555,000 |
Other Liabilities |
192,277,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1,609,107,000 |
|
Invest& other Assets |
66,174,000 |
Retained Earnings |
653,877,000 |
|
|
|
Net Worth |
683,877,000 |
|
Total Assets |
2,292,984,000 |
Total Liab. & Equity |
2,292,984,000 |
|
Total Assets (Previous Year) |
1,569,308,000 |
|
|
|
P/L Statement as of |
31.03.2008 |
(Unit: Indian Rs.) |
|
|
Sales |
998, 861,000 |
Net Profit |
106,742,000 |
|
Sales(Previous yr) |
855,841,000 |
Net Profit(Prev.yr) |
35,406,000 |
MIRA
INFORM REPORT
|
Report Date : |
24.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
GHODAWAT ENERGY PRIVATE LIMITED |
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Formerly Known As : |
GHODAWAT INDUSTRIES ( |
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Registered Office : |
Gat No. 355, Post Majale, Tal Hatkanangale District, |
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Country : |
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|
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|
Financials (as on) : |
31.03.2008 |
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|
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Date of Incorporation : |
04.11.1993 |
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|
|
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Com. Reg. No.: |
11-74899 |
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|
|
|
CIN No.: [Company
Identification No.] |
U16001MH1993PTC074899 |
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|
|
|
Capital Investment / Paid-up Capital : |
Rs.30.000
Millions |
|
|
|
|
IEC No.: |
3198010357 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
KLPG00963E |
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PAN No.: [Permanent
Account No.] |
AAACG6910C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Electricity Turbines. |
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No. of Employees: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 2700000 |
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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 part of Sanjay Ghodawat Group, In the absence of latest financials, current financial status and
performance are unknown. However in view of strong promoters, the Company can be considered normal
for normal business dealings at usual 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 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Mukund Patil |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9921280555 |
|
Date : |
21.05.2011 |
LOCATIONS
|
Registered Office : |
Gat No. 355, Post Majale, Tal Hatkanangale District, |
|
Tel. No.: |
91-230-2483714 |
|
Fax No.: |
91-230-2483715 |
|
E-Mail : |
Jitu_160372@yahoo.com / info@sdggroup.in / klp_starpanmasala@sancharnet.in
/ starpanmasala@ip.eth.nct / info@ghodawatenergy.com |
|
Website : |
|
|
Area : |
75 Acre |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2007
|
Name : |
Mr. Chandrabha B. Budgujar |
|
Designation : |
Director |
|
Address : |
C-100 Centuary, House, Narain Vihar, |
|
Date of Appointment : |
28.10.1999 |
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|
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|
Name : |
Mr. Sanjay Danchand Ghodawat |
|
Designation : |
Director |
|
Address : |
Sushreya Yashwant Company Opposite Housing Society, Jaysingpur, |
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Date of Birth/ Age : |
28.02.1964 |
|
Qualification : |
D.M.E. |
|
Date of Appointment : |
01.04.2007 |
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|
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Name : |
Mrs. Neeta Sanjay Ghodawat |
|
Designation : |
Director |
|
Address : |
Sushreya Yashwant Company Opposite Housing Society, Jaysingpur, |
|
Date of Birth/Age : |
07.01.1967 |
|
Date of Appointment : |
05.01.2008 |
|
|
|
|
Name : |
Mr. Satish Danchand Ghodawant |
|
Designation : |
Director |
|
Address : |
Sushreya Yashwant Company Opposite Housing Society, Jaysingpur, |
|
Qualification : |
B. Com |
|
Date of Appointment : |
04.11.1993 |
|
Experience : |
18 Years |
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|
|
|
Name : |
Mr. Shamrao Bhau Hande |
|
Designation : |
Director |
|
Address : |
A/P Kondigre, Chipri, Tal Shirol, jaysinghpur, |
|
Date of Birth/Age : |
01.06.1971 |
|
Date of Appointment : |
01.04.2007 |
|
|
|
|
Name : |
Mr. Shrenik S. Ghodawat |
|
Designation : |
Director |
|
Address : |
Sushreya Yashwant Company Opposite Housing Society, Jaysingpur, |
|
Date of Birth/Age : |
21 Years |
|
|
|
|
Name : |
Mr. Raghvendra V Belgaumkar |
|
Designation : |
Director |
|
Address : |
Plot No.11, Near Maratha MAndir, Tilkwadi, |
|
Date of Birth/Age : |
14.07.1963 |
|
Date of Appointment : |
01.04.2009 |
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|
|
|
Name : |
Mr. Atul M Shinde |
|
Designation : |
Director |
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Address : |
9/116-A, Gulmohar Vikas Nagar, |
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Date of Birth/Age : |
14.10.1971 |
|
Date of Appointment : |
01.04.2009 |
KEY EXECUTIVES
|
Name : |
Mr. Abhinav K. Desai |
|
Designation : |
Key Executive |
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|
|
|
Name : |
Mr. Mukund Patil |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2007
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Sanjay Danchand Ghodawat |
|
143000 |
|
Neeta Sanjay Ghodawat |
|
3500 |
|
Satish Danchand Ghodawat |
|
13500 |
|
Sanjay Danchand Ghodawat |
|
20000 |
|
Shrenik S. Godawat |
|
60000 |
|
Shreya S. Ghodawat |
|
60000 |
Equity Share Break up AS ON 30.09.2007
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Electricity Turbines. |
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|
Products : |
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Brand Name : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS
|
Particulars |
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Actual
Production |
|
Pan Masala |
|
|
|
2004500 kgs |
|
Electricity |
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|
72110870 Units |
|
Gerberg, Roses |
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|
1448100 Nos. |
GENERAL INFORMATION
|
Customers : |
Corporate |
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Bankers : |
Industrial Finance Branch, Pune,
Plot No.131, Subhash Market, Hindwadi,
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Facilities : |
Secured Loan |
31.03.2008 (Rs.
In Millions) |
|
Kaijsb Term Loan- 32 |
50.035 |
|
|
Bank of |
3.882 |
|
|
Bank of |
4.990 |
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Bank of |
19.320 |
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City corp finance – |
0.211 |
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HDFC Bank Limited |
119.006 |
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The IDBI Bank |
23.089 |
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ICICI Bank |
1.668 |
|
|
ICICI Bank Pune (Term Loan ) |
333.500 |
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IREDA Term Loan |
329.955 |
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Ichalkaranji Janata Sahakari Bank |
6.831 |
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Karnataka Bank Limited |
182.297 |
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Union Bank of |
47.801 |
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ICICI (Bolera Mahindra) Bank Loan |
0.004 |
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|
ICICI Bank Loan (New TruckNo.1) |
0.165 |
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ICICI Bank Loan (New Truck 2) |
0.165 |
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|
ICICI Bank Loan (New Truck 3) |
0.082 |
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Total |
1123.001 |
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Banking
Relations : |
-- |
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|
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Financial Institutions : |
Indian Renewable Energy Development Agency Limited |
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|
|
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Auditors : |
|
|
Name : |
Ramesh V. Raichur Chartered Accountant |
|
Address : |
Flat No.4 (Ground Floor), Aditya Apartment, |
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Tel No.: |
91-831-2431098 |
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Mobile No.: |
91-9448112198 |
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Pan No.: |
AALPR0894A |
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Group Companies
: |
|
CAPITAL STRUCTURE
As on 31.03.2008
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
30.000 |
30.000 |
30.000 |
|
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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|
3] Reserves & Surplus |
653.877 |
472.135 |
436.729 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
683.877 |
502.135 |
466.729 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1123.001 |
1311.854 |
711.860 |
|
|
2] Unsecured Loans |
135.634 |
130.073 |
143.675 |
|
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TOTAL BORROWING |
1258.635 |
1441.927 |
855.535 |
|
|
DEFERRED TAX LIABILITIES |
115.471 |
165.828 |
151.782 |
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|
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TOTAL |
2057.983 |
2109.890 |
1474.046 |
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APPLICATION OF FUNDS |
|
|
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FIXED ASSETS [Net Block] |
750.555 |
828.642 |
1037.496 |
|
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Capital work-in-progress |
22.996 |
19.702 |
4.951 |
|
|
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|
|
|
|
INVESTMENT |
37.535 |
30.252 |
30.199 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
249.266
|
249.604
|
231.826 |
|
|
Sundry Debtors |
102.563
|
86.879
|
70.065 |
|
|
Cash & Bank Balances |
230.426
|
365.213
|
328.092 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
894.000
|
867.612
|
788.847 |
|
Total
Current Assets |
1476.255
|
1569.308
|
1418.830 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
158.195
|
284.003
|
880.280 |
|
|
Provisions |
76.806
|
54.215
|
137.360 |
|
Total
Current Liabilities |
235.001
|
338.218
|
1017.640 |
|
|
Net Current Assets |
1241.254
|
1231.090
|
401.190 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.070 |
0.000 |
0.210 |
|
|
|
|
|
|
|
|
Other |
5.573 |
0.204 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2057.983 |
2109.890 |
1474.046 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
|
|
|
|
|
|
|
Sales Turnover |
998.861 |
855.841 |
804.752 |
|
|
Other Income |
1164.791 |
1084.869 |
1570.787 |
|
|
Total Income |
2163.652 |
1940.710 |
2375.539 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
113.662 |
52.866 |
504.961 |
|
|
Provision for Taxation |
6.920 |
17.460 |
257.146 |
|
|
Profit/(Loss) After Tax |
106.742 |
35.406 |
247.815 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Interests |
124.183 |
100.709 |
55.090 |
|
|
Depreciation & Amortization |
260.064 |
379.844 |
373.033 |
|
|
Other Expenditure |
1665.743 |
1407.291 |
1442.455 |
|
Total Expenditure |
2049.990 |
1887.844 |
1870.578 |
|
|
|
|
|
|
|
|
Earning Per Shares |
35.59 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
PAT / Total Income |
(%) |
4.93 |
1.82 |
10.43 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.38 |
61.58 |
62.75 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.10 |
2.20 |
20.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
16.62 |
0.11 |
0.66 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.34 |
0.67 |
2.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.28 |
4.64 |
1.39 |
LOCAL AGENCY FURTHER INFORMATION
RESULTS OF
OPERATIONS:
During the period company has achieved a turnover of Rs.998.861 millions
as against Rs.855.841 millions showing increase over last year. Company earned
a profit of Rs.106.742 millions as against profit of Rs.35.406 millions in
previous year.
Also company’s other businesses like wind farming green housing Mosquito
Coils, etc, are showing tremendous growth and the directors have confidents
that company’s sales will increase more in the year to come.
TRADE REFERENCE
(EXPORT)
- Paramount
Export – Mumbai
- Organi
Trading Company –
TRADE REFERENCE
- Pan Masala
- Electricity –
MES Com
- Flowers –
Pavamount Export – Mumbai
FIXED ASSETS
- Land
- Building
- Plant and
Machinery
- Furniture
- Office
Equipments
- Computer
- Vehicles
- Helicopter
- Epson
Pronter
FORM 8:
|
Corporate
identity number of the company |
U16001MH1993PTC074899 |
|
Name of the
company |
GHODAWAT INDUSTRIES ( |
|
Address of the
registered office or of the principal place of business in |
Plot No.438, P B No.118, Post Chipri (Via Jaysingpur), |
|
This form is for |
Modification of Charge |
|
Type of charge |
Immovable
Property Movable Property
|
|
Particular of
charge holder |
Sangli Branch, Vyankatesh
Embassy, Opposite Sangli ZIlla Parishad, Sangli- 416416, E-Mail: gurunath.deshpande@idbi.co.in
|
|
Nature of
instrument creating charge |
1) Memorandum of
mortgage by deposit of title deed to secure term loan and 2) Agreement of
hypothecation of standing crops and other movable assets. |
|
Date of
instrument Creating the charge |
30.07.2009 |
|
Amount secured by
the charge |
Rs.10.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interests: BPLR- 3.25%
(present BPLR Being 12.75% Hence present effective rate being 9.50% p.. a Terms of Repayment: Period – 66
months Memoratorium
Period – 6 months Installment
(EMI)- Rs.Rs.0.217 million after moratorium period (Interest during
moratorium period to be paid separately) Margin: 30% Extent and Operation of the charge: Charge to secure
a term loan of Rs.10.000 millions by way of mortgage of immovable property
and hypothecation of movable properties. Others: Guarantors: 1) Sanjay D Ghodawat 2) Satish D Ghodawat |
|
Particulars of
the present modification |
i) Equitable mortgage of agriculture land neing 1.63 Ha ( A 1-63 R + P. K. H-01.5 R) at gat No. 596, Village Jambhali, Taluka- Shirol, District- Kolhapur with water storage tank and other civil work. ii) Greenhouse structure cerbera plants drip irrigation system, HTP pump etc with accessories and implements, oil engine , stock of agriculture inputs, seeds fertilizers, manure, insecticides, pesticides. |
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] 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.28 |
|
|
1 |
Rs.73.30 |
|
Euro |
1 |
Rs.63.61 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
35 |
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.