|
Report Date : |
18.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
GAYATRI HERBALS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
204, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
05.01.1996 |
|
|
|
|
Com. Reg. No.: |
11-095967 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.130
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239MH1996PTC095967 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEG08229E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG6158N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of
Ayurvedic Healthcare Formulations. |
|
|
|
|
No. of Employees
: |
20 (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 2000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The latest
financials are not made available with the Government Department. As per previous year’s, there appears some loss recorded by the
company. The external borrowing seems to be huge. However, trade relations are reported to be fair. Business is active.
Payments are reported to be unknown. The company can be considered for business dealings with great
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 |
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. Amalesh Ulhas Karle |
|
Designation : |
Director |
|
Contact No.: |
91-9833976180 |
|
Date : |
02.04.2013 |
LOCATIONS
|
Registered Office : |
204, |
|
Tel. No.: |
91-22-65768937/ 25475080 |
|
Mobile No.: |
91-9833976180 (Mr. Amalesh Ulhas Karle) |
|
Fax No.: |
91-22-25473635 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
500 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Building 72/73, |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Ulhas Gopal Karle |
|
Designation : |
Director |
|
Address : |
A2, 1001, Prestige Garden, Almeda Road, Eastern Express, Thane (West) -
400 601, Maharashtra, India |
|
Date of Birth/Age : |
07.05.1948 |
|
Date of Appointment : |
05.01.1996 |
|
DIN No.: |
00357029 |
|
|
|
|
Name : |
Mrs. Deepali Ulhas Karle |
|
Designation : |
Director |
|
Address : |
A2, 1002, Prestige Garden, Almeda Road, Eastern Express, Thane (West)
- 400 601, Maharashtra, India |
|
Date of Birth/Age : |
18.04.1951 |
|
Date of Appointment : |
05.01.1996 |
|
DIN No.: |
00469995 |
|
|
|
|
Name : |
Mr. Amalesh Ulhas Karle |
|
Designation : |
Director |
|
Address : |
A2, 802, |
|
Date of Birth/Age : |
11.02.1975 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
03027385 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ulhas Gopal Karle |
|
4000 |
|
Deepali Ulhas Karle |
|
6000 |
|
Amalesh Ulhas Karle |
|
1000 |
|
Ashutosh Ulhas Karle |
|
2000 |
|
Total |
|
13000 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Ayurvedic
Healthcare Formulations. |
|
|
|
|
Products : |
v
Herbal Skin Care
Cosmetics v
Herbal Hair Care
Products v
Nutritional Feed
Supplement v
Organic BioFertilizer v
Veterinary Products |
|
|
|
|
Exports : |
|
|
Products : |
Healthcare Products |
|
Countries : |
v
v
v
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
v
v
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2010)
Licensed Capacity:
Not
Applicable as the company is nor covered under the provisions of industries
(Development and Regulation Act)
Installed Capacity
(Per Annum): Poultry/ Animal Feed Supplement 260 tonnes (on single shift basis as
certified by the Management)
|
Particulars |
Actual
Production Quantity
Kgs/ Ltrs |
|
Poultry/ Animal Feed Supplements |
34953 |
|
Herbals Products |
2426 |
GENERAL INFORMATION
|
Suppliers : |
·
Amrut Industrial Products ·
Arihant Trading Company ·
Blueline Foods Management Private Limited ·
D.K. Industries ·
Kamal Arochem ·
Man Plast ·
Laxmi Digital Prints and Solutions Private
Limited ·
On Dot Couriers and Cargo Limited ·
Sai Kripa Enterprises ·
Sicon Packs Private Limited ·
Vimal Plastics |
|
|
|
|
Customers : |
End Users ·
Advanced Enzyme Technologies Limited ·
Arthatatwa Enterprises Private Limited ·
Gayatri Bio Organix ·
Jayshree Enterprises ·
Spans Health Care ·
Trisis Crop ·
Sai Gayatri Enterprises ·
Megha Beauty Palace ·
Polchem Hygenie Laboratories |
|
|
|
|
No. of Employees : |
20 (Approximately) |
|
|
|
|
Bankers : |
Axis Bank Limited, Harinivas Branch, Thane (West), Maharashtra, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sudhir S. Sohani Chartered Accountant |
|
Address : |
A-7, Nav Dattatray C.H.S., Chendani Koliwada, Thane (East), Thane –
400 603, |
|
Tel. No.: |
91-22-25328372 |
|
Mobile No.: |
91-9769942720 |
|
E-Mail : |
|
|
PAN No.: |
ABGPS4882D |
|
|
|
|
Associates/Subsidiaries : |
Gayatri Bio
Organics Limited Line of Business: Manufacturer and Exporter
of Ayurvedic Healthcare Formulations for Humans, Animals and Plants. |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
13000 |
Equity Shares |
Rs.10/- each |
Rs.0.130
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 |
0.130 |
0.130 |
0.130 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.427 |
1.340 |
1.240 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
0.557 |
1.470 |
1.370 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
4.248 |
0.010 |
0.000 |
|
|
TOTAL BORROWING |
4.248 |
0.010 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.027 |
0.027 |
0.013 |
|
|
|
|
|
|
|
|
TOTAL |
4.832 |
1.507 |
1.383 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4.142 |
0.433 |
0.275 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.583
|
0.332
|
0.758
|
|
|
Sundry Debtors |
1.053
|
1.396
|
1.525
|
|
|
Cash & Bank Balances |
0.111
|
0.057
|
0.132
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
0.509
|
0.578
|
0.428
|
|
Total
Current Assets |
2.256
|
2.363
|
2.843
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.315
|
0.620
|
1.281
|
|
|
Other Current Liabilities |
0.124
|
0.372
|
0.194
|
|
|
Provisions |
0.127
|
0.297
|
0.260
|
|
Total
Current Liabilities |
1.566
|
1.289
|
1.735
|
|
|
Net Current Assets |
0.690
|
1.074
|
1.108
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.832 |
1.507 |
1.383 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SALES TURNOVER (APPROXIMATELY) |
6.000 |
5.000 |
4.500 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(0.630) |
NA |
NA |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
0.283 |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(0.913) |
NA |
NA |
|
|
|
|
|
|
|
|
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(14.27)
|
NA |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.64)
|
NA |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
7.63
|
0.01 |
0.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.44
|
1.83 |
1.64
|
LOCAL AGENCY FURTHER INFORMATION
|
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 one year |
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 |
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 |
No |
|
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 |
|
Unsecured Loans |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
|
Loan from
Relatives of Directors |
0.000 |
0.000 |
|
Loan from
Directors |
4.248 |
0.010 |
|
Total |
4.248 |
0.010 |
Note:
The situation of the registered office of the company was changed from 26, Om Aditya Ganeshwadi, Panchpakhadi, Naupada, Thane – 400 602, Maharashtra to the present address w.e.f. 03.08.2009.
FIXED ASSETS:
v Plant and Machinery
v Office Equipments
v Furniture and Fixtures
v Computer and Printers
v Web Page Designing
v Air Conditioner
v Palghar Factory
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.53.94 |
|
|
1 |
Rs.82.77 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
NO |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.