%20PRIVATE%20LIMITED%20-%20142462%2027-May-2011_files/image002.jpg){kind=small}
1. Summary Information
|
|
|
Country |
India |
|
Company Name |
SHRI GAJANANA INDUSTRIES (INDIA) PRIVATE LIMITED |
Principal Name 1 |
Mr. Ganpathi Nanjayya Bethayyan |
|
Status |
Moderate |
Principal Name 2 |
Mrs.Vani Ganpathi |
|
|
|
Registration # |
11-164808 |
|
Street Address |
Plot No. 26/143, Marol Co-Operative
Industrial Estate Limited Off, Andheri Kurla Road, Andheri(E), Mumbai-400
059, Maharashtra |
||
|
Established Date |
21.09.2006 |
SIC Code |
-- |
|
Telephone# |
91-22-28509909 / 28525431 / 67879191 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-28591266 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Industrial Engineering Goods |
|
|
# of employees |
300 Approximately |
Product Name 2 |
-- |
|
Paid up capital |
Rs.10,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors 99.99%, Other top
fifty shareholders 0.01% |
Banking |
ICICI BANK |
|
Public Limited Corp. |
No |
Business Period |
5 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates |
-- |
Omkar Dies and Company |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2008 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
16,852,000 |
Current Liabilities |
18,478,000 |
|
Inventories |
26,035,000 |
Long-term Liabilities |
100,436,000 |
|
Fixed Assets |
85,656,000 |
Other Liabilities |
000 |
|
Deferred Assets |
0 |
Total Liabilities |
118,914,000 |
|
Invest& other Assets |
1,192,000 |
Retained Earnings |
821,000 |
|
|
|
Net Worth |
10,821,000 |
|
Total
Assets |
129,735,000 |
Total
Liab. & Equity |
129,735,000 |
|
Total Assets (Previous Year) |
38,539,000 |
|
|
|
P/L Statement as of |
31.03.2008 |
(Unit: Indian Rs.) |
|
|
Sales [Including Other Income] |
77,111,000 |
Net Profit |
841,000 |
|
Sales [Including Other Income] (Previous yr) |
00000 |
Net Profit(Prev.yr) |
(19000) |
MIRA
INFORM REPORT
|
Report Date : |
27.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHRI GAJANANA INDUSTRIES (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 26/143, Marol Co-Operative Industrial
Estate Limited Off, Andheri Kurla Road, Andheri(E), Mumbai-400 059, Maharashtra |
|
|
|
|
Country : |
INDIA |
|
|
|
|
Financials (as
on) : |
31.03.2008 |
|
|
|
|
Date of
Incorporation : |
21.09.2006 |
|
|
|
|
Com. Reg. No.: |
11-164808 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299MH2006PTC164808 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS56521D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS3108E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporters of
Moulds and Dies for Automobiles, Engineering, Industrial,P.V.C. Pipe
Fittings, consumer, Caps and Closures Products |
|
|
|
|
No. of Employees
: |
300 Approximately |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 43000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of Shri Gajanana Industries, a proprietory concern
started in the year 1997. It is an established company having moderate track. Latest financial
are missing from government department. Trade relations are fair. Business is
active. Payments are reported to be slow. The company can be considered for business dealings with same
cautions. |
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Jayesh |
|
Designation : |
Accounts Manager |
|
Contact No.: |
022-28509909 |
|
Date : |
24.05.2011 |
LOCATIONS
|
Registered Office : |
Plot No. 26/143, Marol Co-Operative Industrial Estate Limited Off,
Andheri Kurla Road, Andheri(E), Mumbai-400 059, Maharashtra, India |
|
Tel. No.: |
91-22-28509909 / 28525431 / 67879191 |
|
Mobile No.: |
91-9322956336 (Mr. Guruprasad) |
|
Fax No.: |
91-22-28591266 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory: |
Plot No.143,
Marol Co-operative Industrial Estate, M.V.Road, Andheri (E), Mumbai,
Maharashtra, India |
DIRECTORS
As on 30.09.2009
|
Name : |
Mr. Ganpathi Nanjayya Bethayyan |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 517/8, 5th Floor, A5 Wing, Lok Bharti Housing
Complex, Near Saraswat Coop Bank Limited, Marol, Andheri, Mumbai-400059,
Maharashtra, India. |
|
Date of Birth/Age : |
10.07.1960 |
|
Date of Appointment : |
21.09.2006 |
|
DIN: |
01781022 |
|
PAN: |
AAPPB3763N |
|
|
|
|
Name : |
Mrs.Vani Ganpathi |
|
Designation : |
Director |
|
Address : |
Flat No.517/8, Bldg.No. A-5, 5th Floor, Lokbharti HSG.
Complex, Marol Maroshi Road, Marol, Andheri (East), Mumbai-400059,
Maharashtra |
|
Date of Birth/Age : |
08.06.1962 |
|
Date of Appointment : |
21.09.2006 |
|
DIN: |
01768665 |
|
PAN: |
AAEPG9951E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2009
|
Names of
Shareholders |
|
No. of Shares |
|
Mr. Ganpathi Bedthayyan |
|
989966 |
|
Mrs. Vani Bethayyan |
|
10,000 |
|
Mr. Anand Sherugar |
|
01 |
|
Mr. Satish Madodi |
|
01 |
|
Mr. Sudesh Nailk |
|
01 |
|
Mrs. Shital Saraf |
|
01 |
|
Mrs.Sushila J. Shah |
|
01 |
|
Mrs. Veena P. Saraf |
|
01 |
|
Mr. Veena P. Saraf |
|
01 |
|
Mr. Kanaiyalal Bathijia |
|
01 |
|
Mr. Nandakumar puthiyaveetil |
|
01 |
|
Mrs. Anju Ahuja |
|
01 |
|
Mr. Baldev A. Rajani |
|
01 |
|
Mr. Dinshah K,. Mehta |
|
01 |
|
Mrs. Hansa D. Mulchandani |
|
01 |
|
Mrs. Harshita Vijay |
|
01 |
As on 30.09.2009
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
99.99 |
|
Other
top fifty shareholders |
|
0.01 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporters of
Moulds and Dies for Automobiles, Engineering, Industrial,P.V.C. Pipe
Fittings, consumer, Caps and Closures Products |
|
|
|
|
Terms : Purchasing : |
Cash/ Credit |
|
|
|
|
Selling : |
Cash/ Credit |
GENERAL INFORMATION
|
Customers : |
Godrej |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
300 Approximately |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
§
Canara Bank, SME Branch, II Floor, Narayan
Building, Saninaka, Andheri (East), Mumbai-401202, Maharashtra, India. §
HDFC BANK §
ICICI BANK |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
- |
|
|
|
|
Auditors : |
|
|
Name : |
Sailesh Gandhi and Company Chartered Accountants |
|
Address : |
8/1/2, Mount View, Plot No.8, Bhawani
Nagar, Marol Maroshi Road,
Andheri (East), Mumbai-400059, Maharashtra |
|
Tel. No.: |
91-22-29209799 / 69569373 |
|
PAN: |
AARPG8885G |
|
|
|
|
Associates/Subsidiaries : |
Omkar Dies and Company |
CAPITAL STRUCTURE
As on 30.09.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2,000,000 |
Equity shares |
Rs.10/-each |
Rs.20.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1,000,000 |
Equity shares |
Rs. 10/-
each |
Rs.10.000
Millions |
After 30.03.2009
Authorised Capital: Rs. 50.000
Million
Paid-up Capital: Rs.
50.000 Million
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
10.000 |
0.100 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.821 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
(0.019) |
|
|
NETWORTH |
|
10.821 |
0.081 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
60.406 |
29.060 |
|
|
2] Unsecured Loans |
|
40.030 |
9.195 |
|
|
TOTAL BORROWING |
|
100.436 |
38.255 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
111.257 |
38.336 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
85.656 |
38.192 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
1.032 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
26.035 |
0.000 |
|
|
Sundry Debtors |
|
10.659 |
0.000 |
|
|
Cash & Bank Balances |
|
0.057 |
0.169 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
6.136 |
0.000 |
|
Total
Current Assets |
|
42.887 |
0.169 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
17.943 |
0.203 |
|
|
Other Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
0.536 |
0.000 |
|
Total
Current Liabilities |
|
18.478 |
0.203 |
|
|
Net Current Assets |
|
24.409 |
(0.034) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.160 |
0.178 |
|
|
|
|
|
|
|
|
TOTAL |
|
111.257 |
38.336 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2008 |
31.03.2007 |
|
|
|
|
|
|
|
|
|
|
INCOME |
|
|
77.111 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
75.734 |
0.019 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
1.377 |
(0.019) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.536 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
|
0.841 |
(0.019) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
0.000 |
0.000 |
|
|
|
Dividend |
|
0.000 |
0.000 |
|
|
|
Tax on Dividend |
|
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
|
0.841 |
(0.019) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
0.84 |
-- |
|
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sales Turnover |
120.000 |
60.000 |
40.000 |
|
|
|
(Due to
Progress) |
|
Expected Sales (2011-12): Rs. 160.000 Million
The above information has been parted by (Mr. Jayesh –Accounts Manager).
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
|
1.09 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
1.07 |
(0.04) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.12 |
(0.02) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
10.98 |
474.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
2.32 |
0.83 |
LOCAL AGENCY FURTHER INFORMATION
NOTE: Registered Office of the
company has been shifted from C-7, Hind Saurashtra Industrial Estate,
Andheri- Kurla Road, Marol Naka, Andheri (East), Mumbai-40059,
Maharashtra, India to the present address w.e.f. 21.01.2010
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U29299MH2006PTC164808 |
|
Name of the
company |
SHRI GAJANANA INDUSTRIES
(INDIA) PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. 26/143,
Marol Co-operative Industrial Estate Limited Off Andheri Kurla Road, Andheri
(E), Mumbai-400059, Maharashtra, India |
|
This form is for |
Modification
of charge |
|
Charge
identification(ID) number of the charge to be modified |
10044526 |
|
Type of charge |
Immovable
Property Book Debts Stocks, P & M |
|
Particular of
charge holder |
Name: Canara
Bank, Address: SME
Branch, II Floor, Narayan Building, Sankinaka, Andheri (East), Mumbai-400072,
India E-Mail: mcity2411@canbank.co.in |
|
Nature of
instrument creating charge |
Supplemental Common
Hypothecation Agreement Dated 29-12-2009 Draft of Leded
To Be Used Where Additional Limit Is Granted On the Very Security
(Inclusive Of Third Party Property Already Given To The Bank) (Both
Collectively Constitute a Single
Charge for Rs. 110.170 Million |
|
Date of
instrument Creating the charge |
30.10.2010 |
|
Amount secured by
the charge |
Rs.110.170
Million |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest:
OCC/ODBD-13.25%. As stipulated by Bank from time to time. All the terms and
Conditions of earlier agreements shall be effective and valid for all
purposes. Terms of
repayment: Limits tenable till 14-10-2011. The entire Loan to be repaid in 5
yrs in 59 monthly installments of Rs. 0.164 Million each with last of Rs.
0.124 Million interest as and when due w.e.f. the consecutive months of the
First disbursement. Margin: 25%
Stock, 40% Book Debts. Extent and
operation of the charge: The bank
shall have first charge on all the assets. All the terms and conditions of
earlier agreements shall be effective and valid for all purposes. |
|
Short particulars
of the property or asset(s) |
|
|
Particulars of
the present modification |
By the present
modification the bank has increased/ enhanced the limits from Rs.94.870
Million to Rs.110.170 Million under : OCC/ODBD Rs. 37.500 Million Guarantee Rs.2.120 Million FDB/CDB Rs.2.000 Million TL-I Rs. 1.750 Million TL-II Rs. 57.000 Million TL-III Rs. 9.800 Million |
FIXED ASSETS:-
§
Industrial Premises Gala
§
Industrial Premises Gala
C/7
§
Land and Factory
Building\
§
Furniture and fixtures
§
Plant and Machinery
§
Air Conditioner
§
Fax Machine
§
Office Equipment
§
Mobile
§
Weighing Machine
§
Tools and Equipment
§
Stabilizer
§
Scooter
§
Truck-Tata SFC 407/31
§
Motorcar-Corolla
§
Motorcar-Swift
§
Motorcar-Tata Sumo
§
Computer
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 judgment 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.45.29 |
|
|
1 |
Rs.73.84 |
|
Euro |
1 |
Rs.64.18 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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
unfavorable 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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.