MIRA
INFORM REPORT
|
Report Date : |
13.09.2011 |
IDENTIFICATION DETAILS
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Name : |
GAUTAM EXIM PRIVATE LIMITED (GAUTAM ENTERPRISES DIVISION OF GAUTAM EXIM PRIVATE LIMITED) |
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Registered
Office : |
C7/57 59 Mirgasir Complex Opp Advance Complex N, H No 8 GIDC
Vapi-396195, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
05.08.2005 |
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Com. Reg. No.: |
046562 |
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Capital Investment
/ Paid-up Capital : |
Rs.2.500 Millions |
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CIN No.: [Company Identification
No.] |
U51100GJ2005PTC046562 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
SRTG01806A |
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PAN No.: [Permanent Account No.] |
AACCG7701P |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Trader of Waste Paper, Paper Fibre for Rectcling, Metal Scrap |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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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 10000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However, trade relations are reported as fair.
Business is active. Payments are reported to be slow but correct. The company can be considered for business dealing with some
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 – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered Office : |
C7/57 59 Mirgasir Complex Opp Advance Complex N, H No 8 GIDC
Vapi-396195, |
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Tel. No.: |
91-260-2431988 |
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E-Mail : |
DIRECTORS
AS ON 30.09.2010
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Name : |
Mr. Gautam Ram Balasubramanian |
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Designation : |
Director |
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Address : |
103 B-Wing, Sachidanand Raheja Complex, Malad-E, Mumbai-400097, |
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Date of Birth/Age : |
13.02.1979 |
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Date of Appointment : |
05.08.2005 |
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Date of Cessation : |
29.06.2010 |
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Name : |
Mr. Rajalakshmi Gautam |
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Designation : |
Director |
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Address : |
103 B-Wing, Sachidanand Raheja Complex, Malad-E, Mumbai-400097, |
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Date of Birth/Age : |
30.05.1983 |
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Date of Appointment : |
05.08.2005 |
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Date of Cessation : |
29.06.2010 |
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Name : |
Mr. Raman Balasubramanian |
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Designation : |
Director |
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Address : |
29 Pavitra GIDC, Vapi-396195, |
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Date of Birth/Age : |
18.05.1950 |
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Date of Appointment : |
05.08.2005 |
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Directorship in
other companies :
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Name : |
Mr. Nagalakshmi Balasubramanian |
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Designation : |
Director |
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Address : |
29 Pavitra GIDC, Vapi-396195, |
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Date of Birth/Age : |
15.03.1954 |
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Date of Appointment : |
05.08.2005 |
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Directorship in
other companies :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
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Names of Shareholders |
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No. of Shares |
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Mr. Raman Balasubramanian |
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130100 |
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Mr. Nagalakshmi Balasubramanian |
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110100 |
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Mr. Gautam Ram Balasubramanian |
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4900 |
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Mr. Rajalakshmi Gautam |
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4900 |
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Total |
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250000 |
AS ON 30.09.2010
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader of Waste Paper, Paper Fibre for Rectcling, Metal Scrap |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227, D, Nariman
Point, Mumbai-400021, Maharashtra, India |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
B A Desai And associates Chartered Accountant |
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Address : |
103, Khatri House, Opp Heena Motors, GIDC Char Rasta, Vapi-396195, |
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Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
2.500 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
(0.015) |
0.000 |
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NETWORTH |
2.500 |
0.085 |
0.100 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.269 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.269 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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Others |
10.108 |
0.000 |
0.000 |
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TOTAL |
12.608 |
0.354 |
0.100 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.086 |
0.000 |
0.000 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
|
0.000 |
0.000 |
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Sundry Debtors |
73.570
|
0.000 |
0.000 |
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Cash & Bank Balances |
5.964
|
0.075 |
0.070 |
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Other Current Assets |
26.477
|
0.000 |
0.000 |
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Loans & Advances |
39.279
|
0.250 |
0.000 |
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Total
Current Assets |
145.290
|
0.325 |
0.070 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
34.257
|
0.000 |
0.000 |
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Other Current Liabilities |
95.620
|
0.000 |
0.000 |
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Provisions |
2.915
|
0.000 |
0.000 |
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Total
Current Liabilities |
132.792
|
0.000 |
0.070 |
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Net Current Assets |
12.498
|
0.325 |
0.070 |
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MISCELLANEOUS EXPENSES |
0.024 |
0.030 |
0.030 |
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TOTAL |
12.608 |
0.355 |
0.100 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
947.264 |
0.000 |
0.000 |
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Other Income |
21.375 |
0.000 |
0.000 |
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TOTAL (A) |
968.639 |
0.000 |
0.000 |
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Less |
EXPENSES |
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Purchases |
935.584 |
0.000 |
0.000 |
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Employee Emoluments |
1.568 |
0.000 |
0.000 |
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Administrative Expenses |
9.196 |
0.014 |
0.000 |
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TOTAL (B) |
946.348 |
0.015 |
0.000 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
22.291 |
(0.015) |
0.000 |
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Less |
FINANCIAL
EXPENSES (D) |
18.355 |
0.000 |
0.000 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.936 |
(0.015) |
0.000 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.018 |
0.000 |
0.000 |
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PROFIT BEFORE
TAX (E-F) (G) |
3.918 |
(0.015) |
0.000 |
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Less |
TAX (I) |
1.310 |
0.000 |
0.000 |
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PROFIT AFTER TAX
(G-I) (J) |
2.608 |
(0.015) |
0.000 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(0.014) |
0.000 |
0.000 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.26
|
0.00 |
0.00 |
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Net Profit Margin (PBT/Sales) |
(%) |
0.41
|
0.00 |
0.00 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
2.69
|
(4.61) |
0.00 |
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Return on Investment (ROI) (PBT/Networth) |
|
1.56
|
(0.17) |
0.00 |
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Debt Equity Ratio (Total Liability/Networth) |
|
53.11
|
0.00 |
0.00 |
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Current Ratio (Current Asset/Current Liability) |
|
1.09
|
0.00 |
0.00 |
LOCAL AGENCY FURTHER INFORMATION
Form 8
|
This form is for |
Creation of
charge |
|
Charge
identification number of the modified |
-- |
|
Corporate
identity number of the company |
U51100GJ2005PTC046562 |
|
Name of the
company |
Gautam Exim
Private Limited |
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Address of the
registered office or of the principal place of business in |
C7/57 59 Mirgasir Complex Opp Advance Complex N, H No 8 GIDC
Vapi-396195, |
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Type of charge |
Book Debts Current Assets
And Movable Fixed Asssets |
|
Particular of
charge holder |
Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227, D, Nariman
Point, Mumbai-400021, Maharashtra, India |
|
Nature of description
of the instrument creating or modifying the charge |
Deed of
Hypothecation |
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Date of
instrument Creating the charge |
10.08.2011 |
|
Amount secured by
the charge |
Rs.350.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit -
Floating over the tenure of the facility. The rate of Interest has been
arrived at on the basis of the Bank's Base Rate. Trade Credit I
& II - As per Bank's Guidelines time to time. Terms of
Repayment LCBD &
Letters of Credit - Tenure Maximum 180 days. Trade Credit I
& II - Maximum 180 days (Combined tenor
of Working Capital LC & Buyer's Credit - 2 Facilities not to exceed 180
days). Forwards Contracts
- Maximum 6 months. Margin Letters of Credit
(Inland & Foreign) & Trade Credit I - Minimum cash margin of 10%
shall be provided upfront in the form of Fixed Deposits(FD). Lien shall be
marked on the Fixed Deposits in favour of the Bank. Trade Credit II -
Minimum cash margin of 100% shall be provided upfront in the form of Fixed
Deposits(FD). Lien shall be marked on the Fixed Deposits in favour of the
Bank. Extent and
Operation of the charge First &
exclusive charge by way of Hypothecation of Current assets & Movable
fixed assets present & future of the Borrower, in favour of Kotak
Mahindra Bank as security for repayment of financial facilities granted by
the Bank to the Borrower. Others NIL |
|
Short particulars
of the property charged |
The whole of
Borrower's Current assets & Movable fixed assets both present &
future as described in Schedule to the Deed of Hypothecation. |
Fixed Assets:
- Computer System
- Office Equipment
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.46.97 |
|
|
1 |
Rs.74.21 |
|
Euro |
1 |
Rs.63.66 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
27 |
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.