|
Report Date : |
20.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
GOLDEN CASHEW PRODUCTS PRIVATE LIMITED |
|
|
|
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Registered
Office : |
69, Mailam Road, Sedarapet, Pondicherry- 605111, Pondicherry |
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Country : |
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Date of
Incorporation : |
22.01.2010 |
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Com. Reg. No.: |
002408 |
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Capital
Investment / Paid-up Capital : |
Rs.23.839 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900PY2010PTC002408 |
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|
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Agro Good Products. |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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|
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Payment Behaviour : |
Unknown |
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|
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. The management of the company has failed to file its financials with the
government department since its incorporation. Mr. S. Satish Dabas, Director has provided us with all information but
the financials are not verified. However, trade relations are fair. Business is active. Payments terms
are unknown. 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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. S. Satish Dabas |
|
Designation : |
Director |
|
Contact No.: |
91-9811260400 |
|
Date : |
19.06.2013 |
LOCATIONS
|
Registered Office/ Factory : |
69, Mailam Road, Sedarapet, Pondicherry – 605111, Pondicherry, India |
|
Tel. No.: |
91-413-2678184/ 2678881/ 2677309 |
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Mobile No.: |
91-9811260400 (Mr. S. Satish Dabas) |
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Fax No.: |
91-413-2678174 |
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E-Mail : |
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Marketing Office: |
80 Mousam Aparts, West Enclave, Pitampura, Delhi – 110034, India |
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Tel. No.: |
91-11-27011044 |
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Fax No.: |
91-11-27010408 |
DIRECTORS
|
Name : |
Mr. Saurabh Satish Dabas |
|
Designation : |
Additional Director |
|
Address : |
80, Mausam Appartment, West ENCL, Pitampura, Delhi – 110034, India |
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Date of Birth/Age : |
26.09.1987 |
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Date of Appointment : |
17.12.2010 |
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DIN No.: |
03277811 |
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|
|
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Name : |
Mrs. Anita Dabas |
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Designation : |
Director |
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Address : |
No.80 Mausam Apartment, West Enclave, Pitampura, Delhi – 110088, India
|
|
Date of Birth/Age : |
02.10.1964 |
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DIN No.: |
01541321 |
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Name : |
Mr. Thirumurugan Ramaiya |
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Designation : |
Additional Director |
|
Address : |
No.27, II Cross Street, Kurunji Nagar, Pondicherry – 605008, India |
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Date of Birth/Age : |
01.12.1966 |
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Date of Appointment : |
17.12.2010 |
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DIN No.: |
02821091 |
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|
|
|
Name : |
Mr. Satish Dabas |
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Designation : |
Managing Director |
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Address : |
80, Mausam Apartment, West Enclave, Pitampura, Delhi – 110034, India |
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Date of Birth/Age : |
30.08.1961 |
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DIN No.: |
02821644 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 23.12.2009)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Satish Dabas |
|
5000 |
|
Anita Dabas |
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5000 |
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|
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Total |
|
10000 |
(AS ON 15.04.2010)
|
Names of Allottees |
|
No. of Shares
Allotted |
|
|
|
|
|
Satish Dabas |
|
1487445 |
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Anita Dabas |
|
886479 |
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|
|
|
|
Total |
|
2373924 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Agro Good Products. |
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|
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Exports : |
|
|
Products : |
Finished Goods |
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Countries : |
· Korea · China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
· Central Bank of India 21, Law De Lauriston Street, Pondicherry – 605001, Pondicherry, India |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Shrinivas and Associates Chartered Accountant |
|
Address : |
Pondicherry, India |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2383924 |
Equity Shares |
Rs.10/- each |
Rs.23.839
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
31.03.2013 |
31.03.2012 |
|
Sales Turnover (Approximately) |
|
270.000 |
240.000 |
|
|
|
|
|
The above information has been parted by Mr. S. Satish Dabas.
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last twoyears |
Yes |
|
12] |
Profitability for last three years |
No |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
----- |
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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 |
FORM 8
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10226572 |
|
Corporate
identity number of the company |
U74900PY2010PTC002408 |
|
Name of the
company |
GOLDEN CASHEW
PRODUCTS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
69, Mailam Road,
Sedarapet, Pondicherry – 605111, Pondicherry, India |
|
Type of charge |
Immovable property Book Debts Movable Property |
|
Particular of
charge holder |
Central Bank of
India 21, Law De
Lauriston Street, Pondicherry – 605001, Pondicherry, India |
|
Nature of
description of the instrument creating or modifying the charge |
1. Agreement of
Hypothecation to secure demand cash credit against goods for Rs.4.000
Millions for packing credit. 2. Agreement of
Hypothecation to secure demand cash credit against goods for Rs. 9.000
Millions 3. Agreement to
be signed by parties, whose bills are discounted Rs.6.000 Millions. 4. Letter of
Hypothecation dated 29th October, 2010 for Rs.23.800 Millions 5. Document for
term loan granted against fixed assets dated 29th October, 2010 for Rs.4.800
Millions |
|
Date of
instrument Creating the charge |
29/10/2010 |
|
Amount secured by
the charge |
Rs.23.800
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest Cash Credit -
Base Rate + 4.75% Packing Credit -
As per guidelines EBP/D - As per
guidelines. Term Loan - Base
Rate + 4.75+0.50%. Terms of
Repayment Annual Review for
cash credit, packing credit and EBP Term Loan to be repaid
in 60 monthly installments of Rs.0.080 Million each. motatorium period - 4
months from the date of first disbursement. Margin 1. Cash Credit -
25% 2. Packing Credit
- 25% 3. EBP/EBD - 5% 4. Term Loan -
25% Extent and
Operation of the charge The charge
operates for all the monies due by the borrower including additional
interest, penal interest, compound interest and other charges, if any. Others Existing plant
and machineries belonging to the company and also future plant and
machineries. |
|
Short particulars
of the property charged |
1.20340 sq. ft.
of land and with constructed area of 7681 sq. ft. Building and plant and
machineries situated at Sedarapet revenue village, Village No.22, Villianur,
Commune Panchayat Units, Villianur Sub R.O. Puducherry R.O, An extent of 18
ares 90 centiares or 35 kuzhies 5 veesam of land including 100 sq. mts
attached ACC Sheet. R.S. No.22/2 and settlement record R.S. No.22/2A. 2. Land and
building at Thuthipet, Pondicherry and machineries to an extent of 26 ares 85
centiares or 50 kuzhies 4 veesam of land situated at Thuthipet Revenue
Village, No.24, Villianur- Commune Panchayat Units, Villianur Sub R.O.
Puducherry R.O. R.S. NO.34/1 and settlement record R.S. No.34/1/A. 3. An extent of
25 ares 15 centiares or 47 kuzhies of Land situated at Thuthipet Revenue
Village, No.24, Villianur, Commune Panchayat Units, Villianur Sub R.O.
Puducherry R.O. R.S. NO.34/1A in
the name of Mr. Satish Dabas, Managing Director. 4. All the plant and
machineries belonging to the company present and future. |
|
Particulars of
the present modification |
Existing Limits -
Enhanced Limits
(In Millions) (In
Millions) 5.000 - 9.000 - Cash Credit 4.000 - 4.000 - PC(H) 6.000 - 6.000 - EBP/D NIL - 4.800 - Term Loan |
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.58.74 |
|
|
1 |
Rs.91.99 |
|
Euro |
1 |
Rs.78.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.