|
Report Date : |
12.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
GOLDY PRECISION STAMPINGS PRIVATE LIMITED (w.e.f 10.08.2003) |
|
|
|
|
Formerly Known
As : |
GOLDY PRESS TOOLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Manish Bunglow, Savarkarnagar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
03.04.1991 |
|
|
|
|
Com. Reg. No.: |
11-061022 |
|
|
|
|
Capital Investment/
Paid-up Capital: |
Rs. 6.002 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34100MH1991PTC061022 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Shock Absorber Damping Valves, Gaskets
Etc. |
|
|
|
|
No. of
Employees: |
135 (Approximately) (Permanent: 50+
Contract Base: 85 ) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 160000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for 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.
INFORMATION PARTED BY
|
Name : |
Mr. Bhaykar Vijay |
|
Designation : |
Sales and Finance Manager |
|
Contact No.: |
91-253-6696074 |
|
Date : |
11.07.2012 |
LOCATIONS
|
Registered Office : |
Manish Bunglow, Savarkarnagar, Gangapur Road, Nashik - 422013, Maharashtra, |
|
Tel. No.: |
91-253-6604785/6696074/2350885/6604885 |
|
Fax No.: |
91-253-2351412 |
|
E-Mail : |
|
|
Website: |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
F84/ 85, MIDC, Satpur Estate, Nashik – 422007, |
|
Tel. No.: |
91-253-6604785/6696074/2350885/6604885 |
|
Fax No.: |
91-253-2351412 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Mohan Ramkrishna Raikar |
|
Designation : |
Director |
|
Address : |
Manisha, Savarkar Nagar, |
|
Date of Birth/Age : |
10.07.1943 |
|
Date of Appointment : |
03.04.1991 |
|
DIN NO: |
00045601 |
|
|
|
|
Name : |
Manisha Mohan Raikar |
|
Designation : |
Director |
|
Address : |
Manisha, Savarkar Nagar, |
|
Date of Birth/Age : |
02.10.1947 |
|
Date of Appointment : |
03.04.1991 |
|
DIN NO: |
01522565 |
|
|
|
|
Name : |
Mr. Sidhesh Mohan Raikar |
|
Designation : |
Director |
|
Address : |
Manisha, Savarkar Nagar, |
|
Date of Birth/Age : |
05.11.1976 |
|
Date of Appointment : |
23.02.2000 |
|
DIN NO: |
01681752 |
|
|
|
|
Name : |
Mr. Jayesh Mohan Raikar |
|
Designation : |
Director |
|
Address : |
Manisha, Savarkar Nagar, |
|
Date of Birth/Age : |
01.08.1979 |
|
Date of Appointment : |
23.02.2000 |
|
DIN NO: |
01522528 |
KEY EXECUTIVES
|
Name : |
Mr. Bhaykar Vijay |
|
Designation : |
Sales and Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Mohan Ramkrishna Raikar |
|
20010 |
|
Manisha Mohan Raikar |
|
1010 |
|
Sidhesh Mohan Raikar |
|
4000 |
|
Jayesh Mohan Raikar |
|
4000 |
|
Pooja Sidhesh Raikar |
|
500 |
|
Priyanka Jayesh Raikar |
|
500 |
|
Total |
|
30020 |
As on 30.09.2011
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Mohan Ramkrishna Raikar |
|
30000 |
|
Total |
|
30000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Shock Absorber Damping Valves, Gaskets
Etc. |
|
|
|
|
Products : |
|
|
|
|
|
Exports : |
|
|
Products : |
·
Shock Absorber Damping Valves ·
Gaskets |
|
Countries : |
·
USA ·
China ·
Thailand |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
Sudan ·
France |
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|
|
|
Terms : |
|
|
Selling : |
45 to 90 Days |
|
|
|
|
Purchasing : |
30 to 45 Days |
GENERAL INFORMATION
|
Suppliers : |
·
Bhushan Steel ·
IUP Jindal Limited ·
Anil Special Steel and Industries |
|||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||
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Customers: |
Manufacturer ·
Gabril India Limited ·
Endurance Technologies Limited |
|||||||||||||||||||||||||||||||||||||||
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|||||||||||||||||||||||||||||||||||||||
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No. of Employees : |
135 (Approximately) (Permanent: 50+ Contract Base: 85 ) |
|||||||||||||||||||||||||||||||||||||||
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Bankers : |
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|||||||||||||||||||||||||||||||||||||||
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|||||||||||||||||||||||||||||||||||||||
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Facilities : |
TL – Rs. 0.500 Million and Cash Credit – Rs. 25.000 Millions
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajendra P Shah and Company Chartered Accountants |
|
Address : |
Archis Villa, Near Collector Residence, Trimbak Raod, Nashik – 422005,
|
|
PAN NO.: |
AMTPS4861N |
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|
|
|
Sister Concern: |
·
Goldy Stampings India Private Limited ·
Goldy Circlips and Retainer Private Limited ·
Gold Auto Industries Private Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000 |
Equity Shares |
Rs. 100/- each |
Rs. 3.500 Millions |
|
30000 |
Non cum Red Preference Shares |
Rs. 100/- each |
Rs. 3.000 Millions |
|
|
Total |
|
Rs. 6.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30020 |
Equity Shares |
Rs. 100/-
each |
Rs. 3.002
Millions |
|
30000 |
Non cum Red Preference Shares |
Rs. 100/-
each |
Rs. 3.000
Millions |
|
|
Total |
|
Rs. 6.002 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
6.002 |
3.002 |
3.002 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] General Reserve |
7.000 |
5.000 |
4.500 |
|
|
4] Reserves & Surplus |
26.557 |
14.822 |
11.082 |
|
|
5] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
39.559 |
22.824 |
18.584 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
30.142 |
28.245 |
36.905 |
|
|
2] Unsecured Loans |
15.112 |
16.274 |
14.483 |
|
|
TOTAL BORROWING |
45.254 |
44.519 |
51.388 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
Others |
0.000 |
0.000 |
13.506 |
|
|
|
|
|
|
|
|
TOTAL |
84.813 |
67.343 |
83.478 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
41.048 |
36.923 |
39.369 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.167 |
2.188 |
2.474 |
|
|
DEFERREX TAX ASSETS |
0.097 |
0.465 |
0.299 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
18.982 |
|
|
Sundry Debtors |
0.000
|
0.000
|
17.869 |
|
|
Cash & Bank Balances |
0.000
|
0.000
|
0.135 |
|
|
Other Current Assets |
0.000
|
0.000
|
15.700 |
|
|
Loans & Advances |
0.000
|
0.000
|
0.000 |
|
Total
Current Assets |
76.095
|
49.161 |
52.686 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Other Current Liabilities |
34.594
|
21.394 |
11.350 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
34.594
|
21.394 |
11.350 |
|
|
Net Current Assets |
41.501
|
27.767 |
41.336 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
84.813 |
67.343 |
83.478 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
TOTAL TURNOVER |
206.541 |
112.686 |
92.836 |
|
|
|
|
|
|
|
|
TOTAL INCOME |
146.653 |
78.198 |
NA |
|
|
|
|
|
|
|
|
NET PROFIT BEFORE
DEPRECIATION |
23.390 |
6.327 |
NA |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
6.089 |
4.025 |
|
|
|
|
|
|
|
|
TAX |
NA |
2.064 |
5.703 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
11.756 |
4.025 |
(1.678) |
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
245.000 |
|
|
|
|
|
Expected Sales (2012-2013): Rs.320.000 Millions
The above information has been parted by Mr. Bhaykar Vijay - Sales and
Finance Manager
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.32
|
2.10 |
1.80 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
5.40 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
5.66 |
4.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.27 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.01
|
2.90 |
3.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.19
|
2.30 |
4.64 |
LOCAL AGENCY FURTHER INFORMATION
Note: Sundry Creditors
details are not available
|
Check List by
info Agents |
Available in
Report (Yes/ No) |
|
1) Year of Establishment |
Yes |
|
2)Locality of the Firm |
Yes |
|
3)Constitution of the Firm |
Yes |
|
4)Premises Details |
No |
|
5)Type of Business |
Yes |
|
6)Line of Business |
Yes |
|
7)Promoter’s Background |
Yes |
|
8)No. of Employees |
Yes |
|
9)Name of Person Contacted |
Yes |
|
10)Designation of Contact person |
Yes |
|
11)Turnover of Firm for last three years |
Yes |
|
12)Profitability for last three years |
Yes |
|
13)Reason for variation <> 20% |
-- |
|
14)Estimated for coming financial year |
Yes |
|
15)Capital in the Business |
Yes |
|
16)Details of Sister Concern |
Yes |
|
17)Major Suppliers |
Yes |
|
18)Major Customer |
Yes |
|
19)Payment Terms |
Yes |
|
20)Export/ Import Details (if Applicable) |
Yes |
|
21)Market Information |
-- |
|
22)Litigation that the Firm / Promoter |
-- |
|
23)Banking Details |
Yes |
|
24)Banking facility details |
Yes |
|
25)Conduct of the Banking |
-- |
|
26)Buyer visit details |
-- |
|
27)Financials, if provided |
Yes |
|
28)Incorporation details, if applicable |
Yes |
|
29)Last account filed at ROC |
Yes |
|
30)Major Shareholders, if applicable |
Yes |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U34100MH1991PTC061022 |
|
Name of the
company |
GOLDY PRECISION
STAMPINGS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Manish Bunglow, Savarkarnagar, Gangapur Road, Nashik - 422013, Maharashtra, Email: expertise_advice@yahoo.com |
|
This form is for |
Creation of Charge |
|
Type of charge |
Movable Property
(not being pledge) |
|
Particular of
charge holder |
Small Industries Development Bank of India, Pingle Complex, 1st
Floor, Opposite Kulkarni Garden, Sharanpur Road, Nashik – 422002,
Maharashtra, India Email: ppraveen@sidbi.in |
|
Nature of
instrument creating charge |
(1) Loan
Agreement (2) Deed of Hypothecation
(Both Documents Constitute a Single Charge) |
|
Date of
instrument Creating the charge |
03.06.2011 |
|
Amount secured by
the charge |
Rs. 3.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest: Effective Rate of
Interest @ 13.00% P. A. with monthly rests, i. e. over 0.50% over SIDBI'S PLR Terms of Repayment: The loan shall be
repaid in 48 monthly installments comprising of Rs. 62,500/- each to commence
after the initial moratorium of six
months from the date of first disbursement. Margin: As per bank norms Extent and Operation of the charge: First charge to
secure due repayment and discharge to
SIDBI of its loan of Rs.30,00,000/- together with interest, further
interest, penal interests, cost, charges, expenses and other money payables
under the said agreement.
the company undertakes to keep movables and immovables in marketable
and good condition at its own costs and insure the same in joint name of
SIDBI and company. |
|
Short Particulars
of the property or assets charged |
Hypothecation of
movables, plant, machinery, machinery spares, tools and accessories, office
equipments, computers, furnitures, fixtures and other movables both present
and future and CGTMSE. |
TRADE REFERENCE:
·
Bhushan Steel
·
IUP Jindal Limited
·
Anil Special Steel and Industries
·
Gabril India Limited
·
Endurance Technologies Limited
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.55.36 |
|
|
1 |
Rs.85.94 |
|
Euro |
1 |
Rs.67.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.