|
Report Date : |
12.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL ENERGY FOOD INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Hotel Airlink, 75, Off Nehru Road, Near Santacruz Airport, Vile Parle
(East), Mumbai – 400057, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Date of Incorporation
: |
25.10.2011 |
|
|
|
|
Com. Reg. No.: |
11-223441 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 40.399 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15400MH2011PTC223441 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Biscuits and Confectionery Products. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 160000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established as a partnership concern in the year 2005 with
the name ‘Global Energy Food Industries’ and recently in 2011, it got
converted into a Private Limited. It is an established company having moderate track records. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for business dealings with some caution.
|
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 PARTED BY
|
Name : |
Mr. R.S. Shah |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-65701007 |
|
Date : |
24.08.2012 |
LOCATIONS
|
Registered Office : |
Hotel Airlink, 75, Off Nehru Road, Near Santacruz Airport, Vile Parle
(East), Mumbai – 400057, Maharashtra, India |
|
Tel. No.: |
91-22-65701007 |
|
Mobile No. : |
91-9820700011 (Mr. Deepak) |
|
Fax No.: |
91-22-26134034 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 Sq ft |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
173, Opposite Telephone Exchange, G.I.D.C. Estate, Naroda, Ahmedabad-
382330 |
|
Tel. No.: |
91-79-22822994/ 22822995 |
|
Fax No.: |
91-79-22822996 |
DIRECTORS
AS ON: 07.09.2011
|
Name : |
Mr. Narayan Jethanand Pagrani |
|
Designation : |
Director |
|
Address : |
22, Orchid Apartment, Near Dilip Kumar Bunglow, Pali Hill, Bandra
(West), Mumbai – 400050, Maharashtra, India
|
|
Date of Birth/Age : |
06.05.1948 |
|
DIN No.: |
00284274 |
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 |
U55200MH1984PTC033067 |
UNIVERSAL HOTELS PRIVATE LIMITED |
Director |
18/10/1984 |
18/10/1984 |
Active |
NO |
|
2 |
U45201MH1996PTC103953 |
A.SURTI DEVELOPERS PRIVATE LIMITED |
Managing director |
01/11/2004 |
01/11/2004 |
Active |
NO |
|
3 |
U15500MH2007PTC205192 |
UNIVERSAL CONFECTIONERY AND FOOD PRODUCTS PRIVATE LIMITED |
Director |
19/06/2009 |
19/06/2009 |
Active |
NO |
|
4 |
U01100MH2004PTC045303 |
SAMARTH GURU AGRO FARMS PRIVATE LIMITED |
Director |
01/06/2010 |
01/06/2010 |
Active |
NO |
|
5 |
U45400MH2011PTC219667 |
A SURTI CONSTRUCTIONS PRIVATE LIMITED |
Director |
12/07/2011 |
12/07/2011 |
Active |
NO |
|
6 |
U15400MH2011PTC223441 |
GLOBAL ENERGYFOOD INDUSTRIES PRIVATE LIMITED |
Director |
25/10/2011 |
25/10/2011 |
Active |
NO |
|
7 |
U15122MH2011PTC223517 |
GLOBAL CONFECTIONERY AND GROCERIES PRIVATE LIMITED |
Director |
31/10/2011 |
31/10/2011 |
Active |
NO |
|
8 |
U93000MH2012PTC226271 |
UNIVERSAL IMPORT EXPORT INDIA PRIVATE LIMITED |
Director |
20/01/2012 |
20/01/2012 |
Active |
NO |
|
Name : |
Mr. Narendra Narayan Pagrani |
|
Designation : |
Director |
|
Address : |
8th Floor, 802, Golden Peak Building, Ambedkar Road, Khar (West),
Mumbai – 400052, Maharashtra, India |
|
Date of Birth/Age : |
07.03.1972 |
|
DIN No.: |
02686394 |
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 |
U55200MH1984PTC033067 |
UNIVERSAL HOTELS PRIVATE LIMITED |
Director |
04/07/1994 |
04/07/1994 |
Active |
NO |
|
2 |
U45201MH1996PTC103953 |
A.SURTI DEVELOPERS PRIVATE LIMITED |
Director |
01/11/2004 |
01/11/2004 |
Active |
NO |
|
3 |
U15400MH2011PTC223441 |
GLOBAL ENERGYFOOD INDUSTRIES PRIVATE LIMITED |
Director |
25/10/2011 |
25/10/2011 |
Active |
NO |
|
4 |
U15122MH2011PTC223517 |
GLOBAL CONFECTIONERY AND GROCERIES PRIVATE LIMITED |
Director |
31/10/2011 |
31/10/2011 |
Active |
NO |
|
5 |
U93000MH2012PTC226271 |
UNIVERSAL IMPORT EXPORT INDIA PRIVATE LIMITED |
Director |
20/01/2012 |
20/01/2012 |
Active |
NO |
|
Name : |
Mrs. Sonia Rajesh Punjabi |
|
Designation : |
Director |
|
Address : |
401, Kesar Kripa, Plot No. 361, 14th Road, Khar, Mumbai – 400050, Maharashtra, India |
|
Date of Birth/Age : |
19.12.1973 |
|
DIN No.: |
02701794 |
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 |
U15400MH2011PTC223441 |
GLOBAL ENERGYFOOD INDUSTRIES PRIVATE LIMITED |
Director |
25/10/2011 |
25/10/2011 |
Active |
NO |
|
2 |
U15122MH2011PTC223517 |
GLOBAL CONFECTIONERY AND GROCERIES PRIVATE LIMITED |
Director |
31/10/2011 |
31/10/2011 |
Active |
NO |
|
Name : |
Mr. Suresh Kanayalal Bhirwani Aka Bherwani |
|
Designation : |
Director |
|
Address : |
S/R No 377/B, Near Block No 289/A, Sardar Nagar Sindhi Colony,
Ahmedabad – 382475, Gujarat,
India |
|
Date of Birth/Age : |
01.06.1967 |
|
DIN No.: |
02701784 |
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 |
U15500MH2007PTC205192 |
UNIVERSAL CONFECTIONERY AND FOOD PRODUCTS PRIVATE LIMITED |
Director |
15/10/2010 |
15/10/2010 |
Active |
NO |
|
2 |
U15400MH2011PTC223441 |
GLOBAL ENERGYFOOD INDUSTRIES PRIVATE LIMITED |
Director |
25/10/2011 |
25/10/2011 |
Active |
NO |
|
3 |
U15122MH2011PTC223517 |
GLOBAL CONFECTIONERY AND GROCERIES PRIVATE LIMITED |
Director |
31/10/2011 |
31/10/2011 |
Active |
NO |
|
Name : |
Mr. Narendra Jethanand Pagrani |
|
Designation : |
Director |
|
Address : |
Flat No. 202, Orchid Building, 2nd Floor, Pali Hill, Bandra
(West), Mumbai – 400050, Maharashtra, India
|
|
|
|
|
Name : |
Ms. Meena Narayan Pagrani |
|
Designation : |
Director |
|
Address : |
Flat No. 202, Orchid Building, 2nd Floor, Pali Hill, Bandra
(West), Mumbai – 400050, Maharashtra, India
|
|
|
|
|
Name : |
Ms. Saanya Narendra Pagrani |
|
Designation : |
Director |
|
Address : |
Flat No. 202, Orchid Building, 2nd Floor, Pali Hill, Bandra
(West), Mumbai – 400050, Maharashtra, India
|
|
|
|
|
Name : |
Ms. Komal Bhirwani |
|
Designation : |
Director |
|
Address : |
S/R No 377/B, Near Block No 289/A, Sardar Nagar Sindhi Colony,
Ahmedabad – 382475, Gujarat,
India |
KEY EXECUTIVES
|
Name : |
Mr. R.S. Shah |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 07.09.2011
|
Names of Shareholders |
No. of Shares |
|
Universal Hotels Private Limited, India |
181797 |
|
Suresh Bherwani |
1636169 |
|
Narayan J. Pagrani |
383793 |
|
Meena N. Pagrani |
383793 |
|
Narendra N. Pagrani |
383793 |
|
Saanya Pagrani |
181797 |
|
Sonia Rajesh Punjabi |
504990 |
|
Komal Suresh Bherwani |
383793 |
|
TOTAL |
4039925 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Biscuits and Confectionery Products. |
GENERAL INFORMATION
|
Suppliers : |
Topaz International, Bombay |
|
|
|
|
Customers : |
Wholesalers, Retailers and End Users ·
Sony Company Impex |
|
|
|
|
No. of Employees : |
250 (Approximately) |
|
|
|
|
Bankers : |
Bank of Baroda, Bandra (West) Branch, 6, Meghdoot, Junction of, Turner Road and Linking Road, Bandra (West), Mumbai - 400050, Maharashtra, India |
|
|
|
|
Facilities : |
Total Facilities Rs.320.000 Millions (From
Bank of Baroda) |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
D.J. Bhambani and Company Chartered Accountants |
|
Address : |
205, Ambica Cloth Market-2, 2nd Floor, Near Klupur Gate, Kalupur,
Kotni Rang, Ahmedabad-380001, Gujarat, India |
|
Tel No.: |
91-79-22139496 / 22172764 |
|
Mobile No.: |
91-9825094544 |
|
Email : |
|
|
|
|
|
Sister Concern : |
Name: Global Confectionery
and Grossery Private Limited Address: Hotel Airlink,
75, Opposite Nehru Road, Near Santacruz Airport, Vile Parle (East), Mumbai –
400057, Maharashtra, India Line of
Business: Manufacturer and Exporter of Biscuits and Confectionery Products. |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4039925 |
Equity Shares |
Rs.10/- each |
Rs. 40.399
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
605.000 |
|
|
|
|
|
Expected Sales (2012-2013): Rs.750.000 Millions
The above information has been parted by Mr. R.S. Shah
[GLOBAL ENERGY
FOOD INDUSTRIES - PARTNERSHIP CONCERN]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 [Consolidated] |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
134.211 |
109.258 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
134.211 |
109.258 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
213.403 |
164.387 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
213.403 |
164.387 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
347.614 |
273.645 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
141.642 |
100.634 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
28.794 |
11.310 |
|
|
Sundry Debtors |
|
142.239 |
99.101 |
|
|
Cash & Bank Balances |
|
37.178 |
30.331 |
|
|
Other Current Assets |
|
0.672 |
0.648 |
|
|
Loans & Advances |
|
47.121 |
41.208 |
|
Total
Current Assets |
|
256.004 |
182.598 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
43.028 |
2.295 |
|
|
Other Current Liabilities |
|
5.443 |
4.740 |
|
|
Provisions |
|
3.810 |
2.552 |
|
Total
Current Liabilities |
|
52.281 |
9.587 |
|
|
Net Current Assets |
|
203.723 |
173.011 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
2.249 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
347.614 |
273.645 |
|
PROFIT & LOSS
ACCOUNT
[GLOBAL ENERGY
FOOD INDUSTRIES - PARTNERSHIP CONCERN]
|
|
PARTICULARS |
|
31.03.2011 [Consolidated] |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
402.086 |
277.818 |
|
|
|
Other Income |
|
3.612 |
4.195 |
|
|
|
TOTAL |
|
405.698 |
282.013 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
297.449 |
201.475 |
|
|
|
Ocean Freight Charges |
|
45.171 |
29.828 |
|
|
|
Carriage Outward |
|
8.075 |
5.436 |
|
|
|
Dalali / Commission Expenses |
|
1.558 |
0.146 |
|
|
|
ECGC Premium |
|
0.681 |
0.504 |
|
|
|
Professional Fees |
|
0.597 |
0.408 |
|
|
|
Salaries |
|
2.274 |
1.654 |
|
|
|
Sial Exhibition Expenses |
|
1.194 |
0.000 |
|
|
|
Other Expenses |
|
5.994 |
3.388 |
|
|
|
TOTAL |
|
362.993 |
242.839 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
42.705 |
39.174 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
14.177 |
11.860 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
28.528 |
27.314 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.074 |
0.064 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
28.454 |
27.250 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 [Consolidated] |
31.03.2010 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
1.98 |
1.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
4.90 |
19.05 |
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 |
Yes |
|
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 two years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
No |
|
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 |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U15400MH2011PTC223441 |
|
Name of the
company |
GLOBAL ENERGY
FOOD INDUSTRIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
Hotel Airlink, 75, Off Nehru Road, Near Santacruz Airport, Vile Parle (East),
Mumbai – 400057, Maharashtra, India E-mail: globalenergyfoods@gmail.com
|
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Immovable
property · Any interest in immovable property |
|
Particular of
charge holder |
Bank of Baroda, Bandra (West) Branch, 6, Meghdoot, Junction of, Turner Road and Linking Road, Bandra (West), Mumbai - 400050, Maharashtra, India E-mail: shirishshetye@gmail.com |
|
Nature of
instrument creating charge |
Memorandum and
Articles of Association of the Company and Certificate of Incorporation. Memorandum of
Entry for Extension of Existing Mortgage (Executed by the partners of Global
Energy Food Industries, a partnership firm which was converted into Private
Limited Company under Part IX of the Companies Act, 1956). (All the
documents are create a single charge) |
|
Date of
instrument Creating the charge |
25.10.2011 |
|
Amount secured by
the charge |
Rs. 363.600 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest to be
charged as per Sanction/review of the account from time to time. Terms of Repayment As per sanction. Margin As per sanction. Extent and Operation of the charge The charge is
created, subject to Section 127 of the Companies Act, 1956, to secure the
various credit facilities viz. TL I - Rs.2.700 Millions, TL II - Rs.10.400
Millions, TL III - Rs.3.500 Millions, TL IV - Rs.22.000 Millions, TL V -
Rs.30.000 Millions, PC/FBP/UFBD - Rs.225.000 Millions, Bank Guarantee -
Rs.5.000 Millions, Inland/Import LC 90 days - Rs.15.000 Millions, Stand by
limit 20% of export limit - Rs.45.000 Millions and Forward Contract -
Rs.5.000 Millions, aggregating to Rs.363.600 Millions. Others The charge amount
of Rs. 363.600 Millions is sanctioned to M/s. Global Energy Food Industries,
a partnership firm which was converted into Private Limited Company under
Part IX of the Companies Act, 1956 together with interest, compound interest, further/penal interest in case of
default, interest tax, commission, commitment charges, premium on prepayment
or on redemption, liquidated damages, cost, charges, expenses etc. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
The properties
Plot No.173/A and 173/B, situated and located at GIDC, Naroda Industrial
Estate, Naroda, Ahmedabad (Gujarat) admeasuring about 8361.29 sqr. mtrs. There
about together with buildings and Fixed structures etc. constructed / erected
/ installed thereon, errections fixed plant and machinery and other fittings
and fixtures now constructed, erected or installed or hereafter to be
constructed erected or installed thereon both present and future. |
TRADE REFERENCES
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. 55.52 |
|
|
1 |
Rs. 88.84 |
|
Euro |
1 |
Rs. 70.85 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
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 |
3 |
|
--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 |
|
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.