|
Report Date : |
29.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
RACHANA SEEDS INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No.9, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.10.2011 |
|
|
|
|
Com. Reg. No.: |
04-067539 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.22.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15142GJ2011PTC067539 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of HPS Ground Nut, Kernels Shell Peanuts, Roasted Seeds
etc. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 124000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established as a partnership concern during 1985 and
during October 2011 it got converted into a Private Limited. It is having
moderate track. However, external borrowings appear to be huge which may act as a
threat to the liquidity. The company has achieved better sales during 2012. Trade relations are
reported as fair. Business is active. Payments are reported to be slow but
correct. In view of vast experience of the promoters and long track record of
the management, the company can be considered normal 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very
High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
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
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: B+ |
|
Rating Explanation |
High risk of default. |
|
Date |
January 29, 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities: A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
January 29, 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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Vikram Prabhudas
Duvani |
|
Designation : |
Director |
|
Contact No.: |
91-9825222781 |
|
Date : |
25.10.2013 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Survey No.9, Rajkot Road, Dolatpara, Junagadh – 362 003,
Gujarat, India |
|
Tel. No.: |
91-285-2661727/ 2660484 |
|
Mobile No.: |
91-9825222781 (Mr. Vikaram) |
|
Fax No.: |
91-285-2661931 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
4000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
|
|
Location : |
Rented |
DIRECTORS
AS ON 03.10.2011
|
Name : |
Mr. Vikram Prabhudas
Duvani |
|
Designation : |
Director |
|
Address : |
25, Gokul Nagar,
Near Lodhia Wadi, Laxmi Nagar, Junagadh – 362 001, Gujarat, India |
|
Date of Birth/Age : |
16.01.1962 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
19.10.2011 |
|
DIN No.: |
03249805 |
|
|
|
|
Name : |
Mrs. Sarojben Prabhudas
Duvani |
|
Designation : |
Director |
|
Address : |
25, Gokul Nagar,
Near Lodhia Wadi, Laxmi Nagar, Junagadh – 362 001, Gujarat, India |
|
Date of Birth/Age : |
09.03.1935 |
|
Date of Appointment : |
19.10.2011 |
|
DIN No.: |
03302738 |
|
|
|
|
Name : |
Mrs. Avniben Vikrambhai
Duvani |
|
Designation : |
Director |
|
Address : |
Parishram Gokul Nagar Society, Behind Junagadh, Gujarat, India |
|
|
|
|
Name : |
Mr. Sunny Vikrambhai Duani |
|
Designation : |
Director |
|
Address : |
Parishram Gokul Nagar Society, Behind Junagadh, Gujarat, India |
|
|
|
|
Name : |
Mr. Dipakbhai Bhailalbhai
Kotecha |
|
Designation : |
Director |
|
Address : |
Star Villa, Bungalow No.51, Suryoday
Society, Opposite Wockhardt Hospital, Kalawad Road, Rajkot, Gujarat,
India |
|
|
|
|
Name : |
Mr. Vipulbhai Bhailalbhai
Kotecha |
|
Designation : |
Director |
|
Address : |
Surya Amrakunj
Society, Plot No.10-B, Kalawad Road, Rajkot, Gujarat,
India |
|
|
|
|
Name : |
Mr. Haresh Purshottamdas Raithatha |
|
Designation : |
Director |
|
Address : |
B-202, Ramjas Apartment, Devidas
Lane, S.V. Road, Borivali (West), Mumbai, Maharashtra India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 03.10.2011
|
Names of Shareholders |
|
No. of Shares |
|
Vikrambhai Prabhudas Duvani |
|
1000000 |
|
Sarojben Prabhudas Duvani |
|
1000000 |
|
Avniben Vikrambhai Duvani |
|
249600 |
|
Sunny Vikrambhai Duvani |
|
100 |
|
Dipakbhai Bhailalbhai Kotecha |
|
100 |
|
Vipulbhai Bhaylalbhai Kotecha |
|
100 |
|
Hareshbhai Purshottamdas Raithatha |
|
100 |
|
Total |
|
2250000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of HPS Ground Nut, Kernels Shell Peanuts, Roasted Seeds
etc. |
|
|
|
|
Products : |
·
Groundnut in Shell ·
Sesame Seeds ·
Hulled Sesame Seeds ·
Safflower Seeds ·
White Coal (briquettes) ·
Peanuts ·
Blanched Peanuts ·
Blanched Peanuts Splits ·
Coriander Seed ·
Cumin Seed |
|
|
|
|
Exports : |
|
|
Products : |
·
Finished Goods |
|
Countries : |
·
Canada ·
UAE ·
Japan ·
Thailand ·
Europe |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Credit |
|
|
|
|
Purchasing : |
L/C and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Kiran Traders ·
Absortech India Private
Limited, Chennai ·
Akash Proteins-Junagadh ·
Aman Suraj Agro
Produce Brokers Private Limited, Challakere ·
Amardeep Enterprises Maktupur ·
Amin Tranport Junagadh ·
Archana Automation ·
Bhagwati Seeds Kuvadava ·
Bhanu Brokers Junagadh ·
Bharat Traders Junagadh ·
B T Traders Junagadh ·
Buhler India Private Limited, Bangalore ·
Commodity Impex -
Mumbai ·
Dalai Dilipkumar Dhirajlal Mehta-Jamnagar ·
Dalai J. J. and Company - Junagadh ·
Dalai Mahendrakumar Liladhar Junagadh ·
Dalai Maheshbhai Liladhar Junagadh ·
Dalai Nalinkumar Bhagvanji - JND ·
Dalai Pareshbhai Liladhar Junagadh ·
Ekta Enterprise- Mangrol ·
Essen Multipacks
Limited, Rajkot ·
Fagun D Parikh Mumbai ·
First Flight Couriers Limited |
||||||||||||
|
|
|
||||||||||||
|
Customers : |
End Users ·
Aditya Birla ·
Druzhkovskaya Pishevkusovaya Fabrika Limited
Ukraine ·
Dana Fruits Limited - Russia ·
Mcken Sales International Corporation-
Philippines ·
Novaro Export
Corporation - Panama ·
Tesco Ukraine ·
Vicam, A Waters Business - Pittsburgh ·
Anknsh Nnmkoons Private Limited,
Indore ·
Adanan Trading, Rajkot ·
Aditya Birla Retails Limited, Pune ·
Alaghentren Exim India Private Limited, Chennai ·
Anurag Protiens Junagadh ·
Ashish and Brothers Kota ·
Ashutosh Industries - Amreli ·
Asiatic Tradelink Ahmedabad ·
Bajaj Foods Limited ·
Balaji Agro Industries
- Idar |
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Punjab National Bank, Danapith, Junasadh Branch – 362 003, Gujarat, India (Tel. No.:
91-285-2620144) |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
C. Javia and Company Chartered Accountants |
|
Address : |
10, Balia Bhavan,
Near Jayshri Talkies, Junagadh
– 362 001, Gujarat, India |
|
Tel. No.: |
91-285-2624247 |
|
PAN No.: |
ABUPJ6672N |
CAPITAL STRUCTURE
AS ON 31.03.2012
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 |
|
2250000 |
Equity Shares |
Rs.10/- each |
Rs.22.500
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
22.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
8.579 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
31.079 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
194.427 |
|
|
2] Unsecured Loans |
|
|
37.082 |
|
|
TOTAL BORROWING |
|
|
231.509 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.205 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
262.793 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
34.568 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.577 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
120.620 |
|
|
Sundry Debtors |
|
|
137.275 |
|
|
Cash & Bank Balances |
|
|
7.384 |
|
|
Other Current Assets |
|
|
19.757 |
|
|
Loans & Advances |
|
|
1.500 |
|
Total
Current Assets |
|
|
286.536 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
55.770 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
3.118 |
|
Total
Current Liabilities |
|
|
58.888 |
|
|
Net Current Assets |
|
|
227.648 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
262.793 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
393.128 |
|
|
|
Other Income |
|
|
14.349 |
|
|
|
TOTAL (A) |
|
|
407.477 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
|
380.615 |
|
|
|
Other Expenses |
|
|
5.819 |
|
|
|
TOTAL (B) |
|
|
386.434 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
21.043 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
9.906 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
11.137 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
2.358 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
8.779 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
2.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
6.079 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
2.70 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
550.000 |
|
|
|
|
|
The above information has been parted by Mr. Vikaram
Duvani (Director).
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2012 |
|
PAT / Total Income |
(%) |
|
|
1.49 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
2.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
2.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
|
7.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
4.87 |
RACHANA
SEEDS INDUSTRIES
(Partnership Concern)
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
01.04.2010 To
28.02.2011 |
01.03.2011 To 31.03.2011 |
01.04.2011 To 18.10.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner’s Fix Capital |
20.000 |
22.500 |
22.500 |
|
|
2] Partner’s Current Capital |
1.236 |
5.405 |
8.375 |
|
|
3] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
4] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
5] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
21.236 |
27.905 |
30.875 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
198.355 |
203.653 |
182.208 |
|
|
2] Unsecured Loans |
12.622 |
13.014 |
13.139 |
|
|
TOTAL BORROWING |
210.977 |
216.667 |
195.347 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
232.213 |
244.572 |
226.222 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
30.740 |
31.085 |
33.415 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.571 |
0.583 |
0.578 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
144.121
|
110.894 |
157.236 |
|
|
Sundry Debtors |
66.785
|
108.523 |
89.341 |
|
|
Cash & Bank Balances |
0.982
|
2.367 |
0.357 |
|
|
Other Current Assets |
18.614
|
18.994 |
25.400 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
230.502
|
240.778 |
272.334 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
29.506
|
27.529 |
79.890 |
|
|
Other Current Liabilities |
0.094
|
0.345 |
0.215 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
29.600
|
27.874 |
80.105 |
|
|
Net Current Assets |
200.902
|
212.904 |
192.229 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
232.213 |
244.572 |
226.222 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
01.04.2010 To
28.02.2011 |
01.03.2011 To 31.03.2011 |
01.04.2011 To 18.10.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
402.330 |
128.197 |
355.163 |
|
|
|
Other Income |
3.268 |
0.743 |
3.052 |
|
|
|
TOTAL |
405.598 |
128.940 |
358.215 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
346.866 |
120.655 |
314.405 |
|
|
|
Manufacturer and Kharajat Expenses |
7.780 |
0.706 |
5.687 |
|
|
|
Export and Import Kharajat |
20.709 |
3.483 |
11.440 |
|
|
|
Interest Expenses |
14.313 |
1.949 |
12.910 |
|
|
|
Administrative, Sales and General Expenses |
6.357 |
0.702 |
6.855 |
|
|
|
Partner Remuneration |
0.165 |
0.030 |
0.330 |
|
|
|
Interest on Partner |
0.000 |
0.000 |
1.487 |
|
|
|
TOTAL |
396.190 |
127.525 |
353.114 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
9.408 |
1.415 |
5.101 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.316 |
0.088 |
2.261 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
5.092 |
1.327 |
2.840 |
|
KEY RATIOS
|
PARTICULARS |
|
01.04.2010 To
28.02.2011 |
01.03.2011 To 31.03.2011 |
01.04.2011 To 18.10.2011 |
|
PAT / Total Income |
(%) |
1.26 |
1.03 |
0.79 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.27 |
1.04 |
0.80 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.95 |
0.49 |
0.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.05 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
9.93 |
7.76 |
6.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.88 |
8.64 |
3.40 |
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 three 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 |
No |
|
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 |
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 |
Yes |
|
Unsecured Loan |
31.03.2012 (Rs. in millions) |
|
Alka V Dattani |
1.422 |
|
Avniben V. Duvani |
6.343 |
|
Bhartiben Rajesh Ashar |
0.050 |
|
Bhavnaben H. Raithatha,
Mumbai |
0.300 |
|
Dipak Ghosh, Kolkata |
0.500 |
|
Devendra S. Doshi HUF - Kolkata |
1.200 |
|
Dhara Rachh - Kolkata |
0.700 |
|
Gaurav Rachh, Kolkata |
0.400 |
|
Jigna Thakkar, Kolkata |
0.300 |
|
Jinal Doshi, Kolkata |
1.200 |
|
Jitendra Thakkar, Kolkata |
0.300 |
|
Jitendra Thakkar HUF, Kolkata |
0.500 |
|
Mahesh Rachh HUF, Kolkata |
0.400 |
|
Mahesh Rachh Kolkata |
0.300 |
|
Nainaben Sunilbhai Baraiya |
0.020 |
|
Prakash Shamjibhai Bharodiya, Junagadh |
0.200 |
|
Pravinchandra B. Ghedia |
0.300 |
|
Rekhaben Snehalbhai Shah |
0.098 |
|
Sant Brokers |
0.270 |
|
Sarojben P. Duvani |
6.506 |
|
Shailendra Rachh |
0.800 |
|
Suchitra Bhandari |
0.150 |
|
Sunny Vikrambhai Duvani |
2.100 |
|
Vikarambhai P. Duvani |
9.687 |
|
Vikarambhai P. Duvani HUF |
2.787 |
|
Vivek Ghedia |
0.249 |
|
Total |
37.082 |
INDEX OF CHARGES:
|
S.No. |
Charge
ID |
Date
of Charge Creation/ Modification |
Charge
amount secured |
Charge
Holder |
Address |
Service
Request Number (SRN) |
|
1 |
10316820 |
25/09/2012
* |
333,777,000.00 |
PUNJAB
NATIONAL BANK |
DANAPITH,
JUNAGADH, GUJARAT - 362003, INDIA |
B60239902
|
* Date of charge modification
Note:
The Registered Office of the company has been shifted from Survey No. 9,
Near Jagdish Export, Rajkot
Road, Dolatpara, Junagadh –
362 003, Gujarat, India to the present address w.e.f.
29.03.2012.
TRADE REFERENCES:
· Aditya Birla
· Kiran Traders
FIXED ASSETS:
·
Factory Building
·
Factory Land
· Construction (Factory and Godown)
·
Construction (Factory New)
·
Machinery
·
Fire Safety Equipments
·
Air Conditioner
·
Colour TV TCL
·
Computer and Fax
·
CCTV Camera
·
Dead Stock
·
Electric Weight Kanta
·
Furniture and Fixture
·
Motor Car – Alto
·
Scooter
·
Spider Fly Catcher
·
Weighing Machine
·
Honda City Car
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.61.50 |
|
|
1 |
Rs.99.49 |
|
Euro |
1 |
Rs.84.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.