|
Report Date : |
13.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
R. P. GOURMET FOODS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shop No. 9, Apna Bazar, Nehru Nagar, |
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|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
18.10.2007 |
|
|
|
|
Com. Reg. No.: |
55-169577 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15122DL2007PTC169577 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Importer and Distributor of Food Products |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 5000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is a established company having moderate track record.
Profitability of the company appears to be low. However, trade relation are
reported to be fair. Business is active. Payment are reported to be slow but
correct. The company can be considered for business dealing 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) |
|
|
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
|
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.
LOCATIONS
|
Registered Office : |
Shop No. 9, Apna Bazar, Nehru Nagar, New Delhi – 110 065, India |
|
Tel. No.: |
91-11-26932950 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Warehouse / Operation : |
Plot No. 53, Khushra No. 501 / 502 village, Jaunapur, Mehrauli, New
Delhi – 110 047, India |
|
Mobile No.: |
91-9810086352 (Pankaj Singhal) |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Ramesh Kumar Wadhwa |
|
Designation : |
Director |
|
Address : |
11 – 045, Lajpat Nagar, New Delhi – 110 024, India |
|
Date of Birth/Age : |
20.03.1960 |
|
Date of Appointment : |
18.10.2007 |
|
DIN No.: |
01434055 |
|
|
|
|
Name : |
Mr. Pankaj Singhal |
|
Designation : |
Director |
|
Address : |
1 – 501, Somvihar, R. K. Puram, New Delhi – 110 022, India |
|
Date of Birth/Age : |
04.06.1962 |
|
Date of Appointment : |
18.10.2007 |
|
DIN No.: |
01819991 |
MAJOR SHAREHOLDERS
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Pankaj Singhal |
|
4995 |
|
Ramesh Wadhwa |
|
4998 |
|
Manish Chawla |
|
1 |
|
Rajiv Gupta |
|
1 |
|
Naresh Wadhwa |
|
1 |
|
Khushi Ram Gupta |
|
1 |
|
Sandeep Gupta |
|
1 |
|
Sumedha Gupta |
|
1 |
|
Tushar Gupta |
|
1 |
|
|
|
|
|
TOTAL |
|
10000 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer and Distributor of Food Products |
||||
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||||
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Products : |
·
Berries ·
Butter ·
Butter Cheese ·
Cheeses ·
Edam Cheese ·
Emmentaler Cheese ·
Fruit Purees ·
Gouda Cheese ·
Gruyere Process Cheese ·
Ice Cream ·
Yogrut |
GENERAL INFORMATION
|
Suppliers : |
·
Ajay Gupta ·
Royal Implex ·
Divya Vir Jain ·
Purple Seagufi ·
Singh Agencies |
|||||||||||||||||||||
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|
|||||||||||||||||||||
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Customers : |
·
Adinath Foods ·
Chick Chocolate ·
Honey Money Top ·
Hotel Surya Vilas ·
Jolly Roges ·
Pink Apple ·
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|||||||||||||||||||||
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No. of Employees : |
Not Available |
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Bankers : |
Canara Bank, Maharani Bagh, New Delhi – 110 014, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
Avinash Verma Chartered Accountants |
|
Address : |
Avinash Verma and Associates, B-3, Narain Vihar, School lane, New
Delhi – 11 028, India |
|
PAN No.: |
AADPV5183G |
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|
|
|
Enterprises owned or significantly influenced by Key Management Personnel
: |
·
R. P. Enterprises ·
Wadhwa International |
CAPITAL STRUCTURE
As on 30.09.2011
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 million |
|
|
|
|
|
|
|
|
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|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100
million |
|
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|
|
|
|
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|
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.271 |
0.515 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(0.037) |
|
|
NETWORTH |
1.371 |
0.615 |
0.063 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
7.531 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
8.774 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
16.305 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
17.676 |
0.615 |
0.063 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.135 |
0.038 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.094 |
0.002 |
0.016 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3.342
|
6.951 |
0.000 |
|
|
Sundry Debtors |
18.938
|
13.296 |
0.000 |
|
|
Cash & Bank Balances |
2.672
|
1.044 |
0.065 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
4.741
|
0.311 |
0.000 |
|
Total
Current Assets |
29.693
|
21.602 |
0.065 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
11.400
|
20.399 |
0.018 |
|
|
Other Current Liabilities |
3.356
|
0.375 |
|
|
|
Provisions |
0.490
|
0.253 |
0.000 |
|
Total
Current Liabilities |
15.246
|
21.027 |
0.018 |
|
|
Net Current Assets |
14.447
|
0.575 |
0.047 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
17.676 |
0.615 |
0.063 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
93.962 |
38.567 |
0.002 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
92.789 |
37.748 |
0.014 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.173 |
0.819 |
(0.012) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.417 |
0.267 |
(0.021) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.756 |
0.552 |
(0.009) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
76 |
55.19 |
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.80
|
2.12 |
(600.00) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.57
|
3.78 |
(18.46) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.85
|
1.33 |
(0.19) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
23.01
|
34.19 |
0.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.94
|
1.02 |
1.38 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U15122DL2007PTC169577 |
|
Name of the
company |
R. P. GOURMET FOODS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
13, Apna Bazar,
Ring Road, Nehru Nagar, New Delhi – 110 065, India e-mail: aviverma@hotmail.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property Floating Charge Collateral
Security of Machinery |
|
Particular of
charge holder |
Canara Bank,
Maharani Bagh, New Delhi – 110 014, India e-mail: shahjindal@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Cash Credit
Agreement and Agreement Re. Collateral Security: Machinery; Vehicles |
|
Date of
instrument Creating the charge |
24.02.2011 |
|
Amount secured by
the charge |
Rs. 4.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest @ 3%
p.a. over and above ongoing base rate with a minimum of 12.5% p.a. Margin Stock : 30% Book Debts : 40% Extent and Operation of the charge 100% Others The above is to
secure OCC/ODBD limit of Rs. 4.000 millions |
|
Short particulars
of the property charged |
Hypothecation of
all the stock and book debts both present and future Collateral
security of machinery as per schedule “A” and “B” of the agreement Re:
collateral security: machinery; Vehicles |
NOTE
Registered office of the company has been shifted
from 13, Apna Bazaar, Ring Road, Nehru Nagar, New Delhi – 110 065, India to the
present office address w.e.f 24.01.2012
FIXED ASSETS
·
Plant and Machinery
·
Air Conditioner
·
Cycle
·
Fax machine
·
Mobile Phone
·
Typewriter
·
Generator
·
Furniture and Fittings
·
Computer
·
Vehicles
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 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.55.26 |
|
|
1 |
Rs.88.85 |
|
Euro |
1 |
Rs.71.13 |
INFORMATION DETAILS
|
Report Prepared
by : |
NID |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
36 |
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.