|
Report Date : |
23.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
GUJARAT GOKUL POWER LIMITED |
|
|
|
|
Registered
Office : |
3rd Floor, Gokul House, 43 Shreemali Co-operative Society, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
16.03.2007 |
|
|
|
|
Com. Reg. No.: |
04-050262 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40104GJ2007PLC050262 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMG03347B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Power Generation |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
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 Activities |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Even though the subject was incorporated during 2007, it is yet to
commence its business activities. Payment terms are unknown. The company can be considered for business dealings on a safe and
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Joseph |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-40140967 |
|
Date : |
20.10.2012 |
LOCATIONS
|
Registered Office / Corporate Office : |
3rd Floor, Gokul House, 43 Shreemali Co-operative Society, Opposite
Shikhar Building, Navrangpura, Ahmedabad-380009, Gujarat, India |
|
Tel. No.: |
91-79-66304555 / 66615253 / 54 /55 |
|
Fax No.: |
91-79-66304543 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
State Highway No.41, Near Sujanpur Patia, Sidhpur-384151, Gujarat,
India |
|
Tel. No.: |
91-2767-223475 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
89, Meghpur-Borichi, Near Sharma Resort, Galpadar Road, Anjar,
Kutch-370110, Gujarat, India |
|
Tel. No.: |
91-2836-247080 |
|
|
|
|
Factory 3 : |
J L No-149 Plot, Near Essar’s Petrol Pump, Way to HPCL, Haldia Developemnt
Authority Area, P.O. Debhog, Haldia-721657, Purba Medinipur, West Bengal,
India |
|
Tel. No.: |
91-3224-252939 |
|
|
|
|
Factory 4 : |
National Highway No.8, Near Kamrej Sugar Factory, Navi Pardi, Kamrej,
Surat-394160, Gujarat, India |
|
Tel. No.: |
91-2621-234845 |
|
|
|
|
Regional Office : |
Block No.1, 17th Floor, Cheterjee International Centre,
33A, Jawaharlal Nehru Road, Kolkata-700071, West Bengal, India |
|
Tel. No.: |
91-80010-12511 |
|
|
|
|
Branch Office : |
Located At ·
Maharashtra |
DIRECTORS
AS ON 10.08.2011
|
Name : |
Mr. Balvantsinh Chandansinh Rajput |
|
Designation : |
Managing Director |
|
Address : |
12, Ambica Nagar Co-operative Hosuing Society, Opposite GEB Sidhpur, Mehsana-384151,
Gujarat, India |
|
Date of Birth/Age : |
01.06.1962 |
|
Date of Appointment : |
16.03.2007 |
|
DIN No.: |
00315565 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
L15142GJ1992PLC018745 |
GOKUL
REFOILS AND SOLVENT LIMITED |
Managing
director |
15/06/2011 |
29/12/1992 |
Active |
NO |
|
2 |
U17110GJ2005PTC046804 |
GOKUL
TEXTILES PRIVATE LIMITED |
Director |
21/09/2005 |
21/09/2005 |
Active |
NO |
|
3 |
U40104GJ2007PLC050262 |
GUJARAT
GOKUL POWER LIMITED |
Managing
director |
01/04/2007 |
16/03/2007 |
Active |
NO |
|
4 |
U15142GJ2008PTC053847 |
GOKUL
OLEOCHEM PRIVATE LIMITED |
Director |
08/05/2008 |
08/05/2008 |
Active |
NO |
|
5 |
U14292GJ2009PTC057000 |
GOKUL
MINEX PRIVATE LIMITED |
Director |
20/05/2009 |
20/05/2009 |
Active |
NO |
|
6 |
U74140GJ2009PTC057161 |
GOKUL
PROENT PRIVATE LIMITED |
Director |
04/06/2009 |
04/06/2009 |
Active |
NO |
|
7 |
U26940GJ2009PTC057524 |
BAHUCHAR
CEMENTS PRIVATE LIMITED |
Director |
14/07/2009 |
14/07/2009 |
Active |
NO |
|
8 |
U70101GJ2009PTC057970 |
GOKUL
INFRACON PRIVATE LIMITED |
Director |
03/09/2009 |
03/09/2009 |
Active |
NO |
|
9 |
U45200GJ2010PTC061478 |
GOKUL
DESIGNERS AND CONSTRUCTORS PRIVATE LIMITED |
Director |
07/07/2010 |
07/07/2010 |
Active |
NO |
|
10 |
U15143GJ2011PTC067750 |
GOKUL
SOLVEX PRIVATE LIMITED |
Director |
08/11/2011 |
08/11/2011 |
Active |
NO |
|
Name : |
Mr. Kanubhai Jivatram Thakkar |
|
Designation : |
Director |
|
Address : |
29, Ambica Nagar Co-operative Hosuing Society, Opposite GEB Sidhpur, Mehsana-384151,
Gujarat, India |
|
Date of Birth/Age : |
28.04.1962 |
|
Date of Appointment : |
16.03.2007 |
|
DIN No.: |
00315616 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
L15142GJ1992PLC018745 |
GOKUL
REFOILS AND SOLVENT LIMITED |
Managing
director |
15/06/2011 |
29/12/1992 |
- |
Active |
NO |
|
2 |
U17110GJ2005PTC046804 |
GOKUL
TEXTILES PRIVATE LIMITED |
Director |
21/09/2005 |
21/09/2005 |
- |
Active |
NO |
|
3 |
U91110MH1971NPL015233 |
THE
SOLVENT EXTRACTORS ASSOCIATION OF INDIA |
Director |
22/09/2006 |
22/09/2006 |
23/09/2011 |
Active |
NO |
|
4 |
U40104GJ2007PLC050262 |
GUJARAT
GOKUL POWER LIMITED |
Managing
director |
01/04/2007 |
16/03/2007 |
- |
Active |
NO |
|
5 |
U15142GJ2008PTC053847 |
GOKUL
OLEOCHEM PRIVATE LIMITED |
Director |
08/05/2008 |
08/05/2008 |
- |
Active |
NO |
|
6 |
U51100GJ2004PTC044916 |
PROFESSIONAL
COMMODITY SERVICES PRIVATE LIMITED |
Director |
31/07/2009 |
20/10/2008 |
- |
Active |
NO |
|
7 |
U14292GJ2009PTC057000 |
GOKUL
MINEX PRIVATE LIMITED |
Director |
20/05/2009 |
20/05/2009 |
- |
Active |
NO |
|
8 |
U74140GJ2009PTC057161 |
GOKUL
PROENT PRIVATE LIMITED |
Director |
04/06/2009 |
04/06/2009 |
- |
Active |
NO |
|
9 |
U26940GJ2009PTC057524 |
BAHUCHAR
CEMENTS PRIVATE LIMITED |
Director |
14/07/2009 |
14/07/2009 |
- |
Active |
NO |
|
10 |
U70101GJ2009PTC057970 |
GOKUL
INFRACON PRIVATE LIMITED |
Director |
03/09/2009 |
03/09/2009 |
- |
Active |
NO |
|
11 |
U45200GJ2010PTC061478 |
GOKUL
DESIGNERS AND CONSTRUCTORS PRIVATE LIMITED |
Director |
07/07/2010 |
07/07/2010 |
- |
Active |
NO |
|
12 |
U15143GJ2011PTC067750 |
GOKUL
SOLVEX PRIVATE LIMITED |
Director |
08/11/2011 |
08/11/2011 |
- |
Active |
NO |
|
Name : |
Mr. Ajaykumar Laxmansinh Thakor |
|
Designation : |
Director |
|
Address : |
A/2, Subhshanti Complex-1, Ambavadi Zone, Satellite, Ahmedabad-380054,
Gujarat, India |
|
Date of Birth/Age : |
01.06.1958 |
|
Date of Appointment : |
16.03.2007 |
|
DIN No.: |
01399229 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27101RJ1997PLC014021 |
R.B.G.
MINERALS INDUSTRIES LIMITED |
Director |
16/12/2006 |
22/08/2005 |
- |
Active |
NO |
|
2 |
U40104GJ2007PLC050262 |
GUJARAT
GOKUL POWER LIMITED |
Director |
16/03/2007 |
16/03/2007 |
- |
Active |
NO |
|
3 |
U26943GJ2007PLC051360 |
GUJARAT
JAYPEE CEMENT AND INFRASTRUCTURE LIMITED. |
Director |
27/09/2008 |
31/07/2007 |
- |
Active |
NO |
|
4 |
U10200GJ2009SGC058295 |
NAINI
COAL COMPANY LIMITED |
Director |
09/10/2009 |
09/10/2009 |
- |
Active |
NO |
|
5 |
U10200GJ2010SGC060302 |
GUJARAT
STATE MINING AND RESOURCES CORPORATION LIMITED |
Nominee
director |
19/04/2010 |
19/04/2010 |
- |
Active |
NO |
|
6 |
U26900GJ2012PLC069426 |
GUJARAT
CREDO MINERAL INDUSTRIES LIMITED |
Director |
15/03/2012 |
15/03/2012 |
- |
Active |
NO |
|
7 |
U24119GJ2012PTC070801 |
SWARNIM
GUJARAT FLUORSPAR PRIVATE LIMITED |
Director |
19/06/2012 |
19/06/2012 |
- |
Active |
NO |
|
Name : |
Mr. Bhikhiben Balvantsinh Rajput |
|
Designation : |
Director |
|
Address : |
12, Ambica Nagar Co-operative Hosuing Society, Opposite GEB Sidhpur,
Mehsana-384151, Gujarat, India |
|
Date of Birth/Age : |
01.06.1969 |
|
Date of Appointment : |
16.03.2007 |
|
DIN No.: |
01054941 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
L15142GJ1992PLC018745 |
GOKUL
REFOILS AND SOLVENT LIMITED |
Director |
29/12/1992 |
29/12/1992 |
10/08/2007 |
Active |
NO |
|
2 |
U40104GJ2007PLC050262 |
GUJARAT
GOKUL POWER LIMITED |
Director |
15/09/2008 |
16/03/2007 |
- |
Active |
NO |
|
Name : |
Ms. Manjulaben Kanubhai Thakkar |
|
Designation : |
Director |
|
Address : |
29, Ambica Nagar Co-operative Hosuing Society, Opposite GEB Sidhpur,
Mehsana-384151, Gujarat, India |
|
Date of Birth/Age : |
10.07.1967 |
|
Date of Appointment : |
16.03.2007 |
|
DIN No.: |
00315634 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
L15142GJ1992PLC018745 |
GOKUL
REFOILS AND SOLVENT LIMITED |
Director |
29/12/1992 |
29/12/1992 |
10/08/2007 |
Active |
NO |
|
2 |
U40104GJ2007PLC050262 |
GUJARAT
GOKUL POWER LIMITED |
Director |
15/09/2008 |
16/03/2007 |
- |
Active |
NO |
|
Name : |
Mr. Dinesh Misra |
|
Designation : |
Director |
|
Address : |
C-4, Sundaram Flates, LD Engineering College Compound, Gulbai Tekra,
Ahmedabad-380015, Gujarat, India |
|
Date of Birth/Age : |
27.10.1956 |
|
Date of Appointment : |
09.05.2007 |
|
DIN No.: |
00107299 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U40104GJ2007PLC050262 |
GUJARAT
GOKUL POWER LIMITED |
Director |
15/09/2008 |
09/05/2007 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Joseph |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 10.08.2011
|
Names of Shareholders |
No. of Shares |
|
Gokul Refoils and Solvent Limited Nominee Mr. Balvantsinh C Rajput |
24180 |
|
Gokul Overseas Nominee Kanubhai J Thakkar |
24000 |
|
Rajput Bhikhiben Balvantsinh |
600 |
|
Laxmansinh Ajaykumar Thakor |
10 |
|
Devendra Dinesh Misra |
10 |
|
Chandansinh Hansaben Rajput |
600 |
|
Kanubhai Manjulaben Thakkar |
600 |
|
TOTAL
|
50000 |
AS ON 10.08.2011
|
Equity Shares Break
Up |
Percentage of
Holding |
|
Bodies corporate |
48.36 |
|
Directors or relatives of Directors |
3.64 |
|
Other top fifty shareholders |
48.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Power Generation |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M R Pandhi and Associates Chartered Accountant |
|
Address : |
101, Panchdeep Complex, Mayour Colony, Near Mithakali Six Road,
Navarangpura, Ahmedabad-380009, Gujarat, India |
|
Tel. No.: |
91-79-26565949 / 26420994 |
|
E-Mail : |
|
|
PAN No.: |
AABFM1229N |
|
|
|
|
Associates : |
·
Gokul Refoils and Solvent Limited ·
Gokul Overseas |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
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 |
0.500 |
0.500 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(2.311) |
0.000 |
0.000 |
|
|
NETWORTH |
(1.811) |
0.500 |
0.500 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
119.903 |
110.820 |
99.303 |
|
|
TOTAL BORROWING |
119.903 |
110.820 |
99.303 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
118.092 |
111.320 |
99.803 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
135.432 |
135.407 |
96.580 |
|
|
Capital work-in-progress |
0.025 |
2.048 |
2.047 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
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 |
0.179
|
0.226 |
0.086 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.370
|
0.455 |
0.044 |
|
Total
Current Assets |
0.549
|
0.681 |
0.130 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
47.378
|
44.410 |
5.954 |
|
|
Provisions |
0.000
|
0.000 |
0.003 |
|
Total
Current Liabilities |
47.378
|
44.410 |
5.957 |
|
|
Net Current Assets |
(46.829)
|
(43.729) |
(5.827) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.013 |
0.020 |
|
|
PRE OPERATIVE EXPENSES |
29.464 |
17.581 |
6.983 |
|
|
|
|
|
|
|
|
TOTAL |
118.092 |
111.320 |
99.803 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
0.000 |
0.000 |
0.000 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Administrative and General
Expenses |
0.049 |
0.000 |
0.000 |
|
|
|
Preliminary Expenses W/Off |
2.261 |
0.000 |
0.000 |
|
|
|
TOTAL |
2.310 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(2.310) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.002 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(2.312) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(2.312) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
(2.312) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings (Loss)
Per Share (Rs.) |
(46.23) |
0.00 |
0.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.70)
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.28
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
(92.37)
|
310.46 |
210.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.01
|
0.02 |
0.02 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions 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 |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
No |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
FIXED ASSETS
·
Land
·
Mobile
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 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 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. 53.67 |
|
|
1 |
Rs. 86.04 |
|
Euro |
1 |
Rs. 70.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
12 |
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.