MIRA INFORM REPORT

 

 

Report Date :

22.10.2013

 

IDENTIFICATION DETAILS

 

Name :

GMMCO LIMITED

 

 

Registered Office :

9/1, R N Mukherjee Road, Kolkata – 700001, West Bengal

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

30.12.1966

 

 

Com. Reg. No.:

21-026980

 

 

Capital Investment / Paid-up Capital :

Rs.48.673 Millions

 

 

CIN No.:

[Company Identification No.]

U35202WB1966PLC026980

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CHEG00206D

 

 

PAN No.:

[Permanent Account No.]

AABCG0949C

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Subject is engaged in "Sales and Marketing, Services and assembling of DG Sets" as Dealers of various equipments viz: Construction, Mining, Engines and Spare parts thereof.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A (60)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

USD 19000000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is a part of GP-CK Birla Group.

 

It is a well established company having fine track record. Financial Position of the company appears to be sound. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments.

 

The company can be considered normal for business dealings at usual 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 – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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’s current account deficit or CAD in April-June widened to 4.9 % of gross domestic product. High imports of gold and oil led to a worsening of the traqde deficit, resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9 billion in the corresponding quarter of the previous financial year. The government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from 4.8 % or $ 88.2 billion in 2012/13.

 

The finance ministry has started preparations for Budget 2014/15. With general elections scheduled to be held by May next year, there will only be an interim budget. The new government will present the fiscal Budget.

 

The Supreme Court has barred clinical trials for new drugs till a monitoring mechanism is put in place to protect the lives of people on which the drugs are tested.

 

Mumbai has been named the world’s second most honest city according to a survey on 15 cities worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top spot for the world’s most honest city while Lisbon, the capital of Portugal, proved to be the least honest.  The survey put hundreds of people to test in four continents to find out just how honest they were by dropping wallets and seeing how many would be returned.

 

3.7 % Growth of the core sector in August, a seven month high. This takes the overall growth in April-August this year to 2.3 % compared with 6.3 % in the corresponding period next financial year.

 

$19 million Estimated average spending by companies across the globe including India, on social media this year, according to a global study by information technology major Tata Consultancy Services. This will rise to $ 24 million in 2015.

 

Rising inflation, fewer employment avenues and dwindling earnings are taking a toll on the spending capacity in India. Over 72 % respondents from middle and lower middle income families would be forced to slash their Diwali expenditure by 40 % and on average spend nearly 25 % of their monthly salary on Diwali, according to a survey by Assochem.

 

Analysts believe the shutdown of the US government would have limited impact in sectors such as IT or tourism that are dependent on Visa clearances.

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

CARE

Rating

Long term bank facilities: AA

Rating Explanation

High degree of safety and very low credit risk.

Date

01 October 2013

 

Rating Agency Name

CARE

Rating

Short term bank facilities: A1+

Rating Explanation

Very strong degree of safety and lowest credit risk.

Date

01 October 2013

 

 

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 :

9/1, R N Mukherjee Road, Kolkata – 700001, West Bengal, India

Tel. No.:

91-33-39181710

Fax No.:

91-33-39181706

E-Mail :

neical@vsnl.com

Website :

http://www.gmmco.in/GMMCO/

 

 

Regional Office / Rental Stores / Workshops :

6, GST Road, ST. Thomas Mount, Chennai – 600016, Tamilnadu, India

Tel. No.:

91-44-30686000

Fax No.:

91-44-30686330/ 40/ 50/ 60/ 70

 

 

Regional Offices :

Mumbai

 

Maker Bhavan No. 2, 18, New Marine Line, 2nd Floor, Mumbai – 400020, Maharashtra, India

Tel No.: 91-22-22000728/ 22000729/ 22001512/ 22057411

Fax No.: 91-22-22053921

 

Goa

 

Opposite Teen Building, 813, Alto Porvorim, Goa – 403521, India

Tel No.: 91-832-3911822/ 832

Fax No.: 91-832-3911809

 

Bangalore

 

38/5, Coles Road, Frazer Town, Bangalore – 560005, Karnataka, India

Tel No.: 91-80-25496391/ 92/ 93

Fax No.: 91-80-25496394

 

Ahmedabad

 

704, Sakar IV, Opposite Town Hall Ellisbridge, Ashram Road, Ahmedabad – 380006, Gujarat, India

Tel No.: 91-79-30041600/ 01/ 02

Fax No.: 91-79-30041620

 

 

Regional Office / Rental Stores / Workshops :

Plot No. G – 15, MIDC, Industrial Area, Central Hingna Road, Nagpur – 440028, Maharashtra, India

Tel. No.:

91-7104-232601/ 02/ 03/ 04/ 05

Fax No.:

91-7104-237851

 

 

Branches :

Located at:

 

  • Gandhidham
  • Rajkot
  • Bhavnagar
  • Vapi
  • Surat
  • Panvel
  • Pune
  • Hubli
  • Bijapur
  • Hospet
  • Anantpur
  • Mangalore
  • Mysore
  • Malappuram
  • Aluva
  • Cochin
  • Madurai
  • Tirunelveli
  • Nellur
  • Vijayawada
  • Bailadila
  • Chandrapur
  • Ranchi
  • Jabalpur

 

 

SOLE PROPRIETOR/PARTNERS/

 

As on 05.08.2013

 

Name :

Mr. Manohar Lal Pachisia

Designation :

Director

Address :

8 / 12, Alipore Road, Kolkata - 700027,  West Bengal, India

Date of Birth/Age :

06.11.1944

Qualification:

B Com

Date of Appointment :

20.11.1996

DIN No.:

00065431

 

 

Name :

Mr. Kashi Prasad Chaudhary

Designation :

Director

Address :

Flat No. 5, 9th Floor, 3 - B Camac Street, Kolkata - 700016, West Bengal, India

Date of Birth/Age :

05.01.1941

Qualification:

B Com (Hons) LLB FCA FCS FICWA

Date of Appointment :

05.12.1997

Election Commission Identity:

WB/23/146/072115

DIN No.:

00369615

 

 

Name :

Mr. Jagdish Prasad Chhaochharia

Designation :

Director

Address :