MIRA INFORM REPORT

 

 

Report Date :

16.12.2014

 

IDENTIFICATION DETAILS

 

Name :

GAJANAN GANGAMAI INDUSTRIES LLP

 

 

Registered Office :

2nd Floor, Tapdia Tereeces, Adalat Road, Mulay Bros., Aurangabad – 431001, Maharashtra

 

 

Country :

India

 

 

Date of Incorporation :

21.07.2014

 

 

Total Obligation of Contribution :

Rs. 200.000 Millions

 

 

LLPIN :

AAC-4849

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Limited Liability Partnership

 

 

Line of Business :

Extraction of Edible Oil and Cake from Oil Seeds like Cotton, Soyabeen, Sunflower, Karadi, Groundnut and Trading in all these Oil Seeds, Edible Oils and Oil Cakes and also Buying, Selling of Oil seeds and Edible Oil produced by the Company.

 

 

No. of Employees :

100 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

-

NB

                                       New Business

-

 

Status :

New Concern

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is a new limited liability partnership concern and establishing itself gradually.

 

The subject commenced its commercial operation from October, 2014.

 

However, trade relation are reported to be improving. Business is active. Payment terms are unknown.

 

The Limited Liability Partnership concern can be considered for business dealings on a fully safe and secured 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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

NOT AVAILABLE

 

 

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 31-03-2014.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Rajendra Takalkar

Designation :

Account Manager

Contact No.:

91-9673555566

Date :

15.12.2014

 

 

LOCATIONS

 

Registered Office :

2nd Floor, Tapdia Tereeces, Adalat Road, Mulay Bros., Aurangabad – 431001, Maharashtra, India

Tel. No. :

91-240-2333927/ 2364271/ 72

Mobile No. :

91-9673555566 (Mr. Rajendra Takalkar)

Fax No. :

91-240-2364273

E-Mail :

devendraring@gmail.com

rajendratakalkar@gajananoil.com

Website :

www.gajananoil.com

Area :

1200 Sq. Ft.

Location :

Owned

 

 

Factory :

C-13, MIDC, Limbala Makta, Hingoli – 431513, Maharashtra, India

Tel. No.:

91-7263-277065/ 277065/ 277066

 


 

PARTNERS

 

Name :

Mr. Ranjeet Padmakar Mulay

Designation :

Designated Partner

Address :

'Sahyadri' Rachnakar Colony, Station Road, Aurangabad - 431005, Maharashtra, India

Date of Birth/Age :

23.06.1975

Date of Appointment :

21.07.2014

DPIN No. :

00397184

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U01100MH1986PLC039814

AJEET SEEDS LIMITED

Director

10-08-1994

10-08-1994

-

Active

NO

2

U01122MH1996PLC097547

ARYA HYBRID SEEDS LIMITED

Director

22-02-1996

22-02-1996

-

Active

NO

3

U15420MH1999PLC119930

GANGAMAI INDUSTRIES AND CONSTRUCTIONS LIMITED

Managing director

19-05-1999

19-05-1999

-

Active

NO

4

U92130MH2005PTC152694

HATHWAY MCN PRIVATE LIMITED

Director

19-04-2005

19-04-2005

-

Active

NO

5

U92100MH2008PTC177328

HATHWAY LATUR MCN CABLE AND DATACOM PRIVATE LIMITED

Director

15-01-2008

15-01-2008

-

Active

NO

6

U45200MH1991PTC060238

MULAY BROTHERS PRIVATE LIMITED

Director

30-09-2009

20-11-2008

31-05-2011

Active

NO

7

U22100MH2011PTC222450

MCN TELEMEDIA PRIVATE LIMITED

Director

27-09-2011

27-09-2011

-

Active

NO

8

U74120MH2012PTC231784

HATHWAY MCN JALNA - HINGOLI CABLE NETWORK PRIVATE LIMITED

Director

04-06-2012

04-06-2012

-

Strike off

NO

9

U01403MH2012PTC230728

ARJUN SUGAR INDUSTRIES PRIVATE LIMITED

Director

19-11-2012

19-11-2012

-

Active

NO

10

U70102MH2013PTC248358

GANGAMAI HEIGHTS PRIVATE LIMITED

Director

20-09-2013

20-09-2013

-

Active

NO

11

U74999MH2013PTC248753

FRISK HEALTHCARE PRIVATE LIMITED

Director

01-10-2013

01-10-2013

-

Active

NO

12

AAC-4849

GAJANAN GANGAMAI INDUSTRIES LLP

Designated Partner

21-07-2014

21-07-2014

-

Active

NO

 

 

Name :

Mr. Nitin Ramchandra Jadhav

Designation :

Designated Partner

Address :

Flat No. G-8, Tirupati Park, Gurusahani Nagar, N-4, CIDCO, Aurangabad - 431003, Maharashtra, India

Date of Birth/Age :

21.08.1980

Date of Appointment :

21.07.2014

DPIN No. :

01059987

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

1

U01403MH2007PLC175584

GAJANAN INDUSTRIES LIMITED

Director

01-11-2007

01-11-2007

-

Active

2

U15143MH2009PTC190181

NIRVEDH OIL AND AGRO PRODUCTS PRIVATE LIMITED

Director

09-02-2009

09-02-2009

-

Active

3

U15147MH2010PLC208730

GAJANAN SOLVEX LIMITED

Managing director

05-07-2013

07-10-2010

-

Active

4

U74120MH2012PTC227541

GAJANAN REFINERIES PRIVATE LIMITED

Director

01-03-2012

01-03-2012

08-03-2013

Active

5

U70102MH2012PTC235015

GAJANAN TECHNOLOGIES PRIVATE LIMITED

Director

27-08-2012

27-08-2012

-

Active

6

AAC-4849

GAJANAN GANGAMAI INDUSTRIES LLP

Designated Partner

21-07-2014

21-07-2014

-

Active

 

 

KEY EXECUTIVES

 

Name :

Mr. Rajendra Takalkar

Designation :

Account Manager

 


 

CONTRIBUTION DETAILS

 

Names of Persons

Monetary value of contribution

(Rs. In Million)

Ranjeet Padmakar Mulay

0.050

Nitin Ramchandra Jadhav

0.050

Total

0.100

 

 

BUSINESS DETAILS

 

Line of Business :

Extraction of Edible Oil and Cake from Oil Seeds like Cotton, Soyabeen, Sunflower, Karadi, Groundnut and Trading in all these Oil Seeds, Edible Oils and Oil Cakes and also Buying, Selling of Oil seeds and Edible Oil produced by the Company.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

--

 

 

Imports :

--

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

 

 

 

NOT DIVULGED

Name of the Person (with Designation):

Contact Number:

Since How Long Known:

Maximum Limit Dealt:

Experience :

Remarks :

 

 

Customers :

Reference:

 

 

 

NOT DIVULGED

Name of the Person (with Designation):

Contact Number:

Since How Long Known:

Maximum Limit Dealt:

Experience :

Remarks :

 

 

No. of Employees :

100 (Approximately)

 

 

Bankers :

Bank Name:

Abhyudaya Co-Operative Bank Limited

Branch:

Administrative Office, K. K. Tower, Abhyudaya Bank, Lane, Off. G.D. Ambekar Marg, Parel Vill, Mumbai - 400012, Maharashtra, India

Name of the Person (with Designation):

Kulkarni

Contact Number:

91-240-2346043

Name of Account Holder:

GAJANAN GANGAMAI INDUSTRIES LLP

Account Number:

CC14

Account Since (Date/ Year of A/c Opening):

July, 2014

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Rs. 733.700 Millions

Account Operation:

Good

Remarks:

 

It’s a new company but growth is at a very good stage.

 

 

 

Auditors :

Not Available

 

 

Sister Concerns :

--

 

 

CAPITAL STRUCTURE

 

Particular

Rs. in Millions

 

 

Total Obligation of Contribution:

Rs. 200.000 Millions

 

 

 


 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

NEW CONCERN

 

 

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

Yes

9]

Name of person contacted

Yes

10]

Designation of contact person

Yes

11]

Turnover of firm for last three years

No

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)

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

Yes

26]

Buyer visit details

-----

27]

Financials, if provided

No

28]

Incorporation details, if applicable

Yes

29]

Last accounts filed at ROC

No

30]

Major Shareholders, if available

No

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

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10529104

18/10/2014

400,000,000.00

ABHYUDAYA CO-OPERATIVE BANK LIMITED

ADMINISTRATIVE OFF, K.K.TOWER, ABHYUDAYA BANK LANE, OFF. G.D. AMBEKAR MARG, PAREL VILLAGE, MUMBAI,
MAHARASHTRA - 400012, INDIA

L02008381

2

10519928

05/09/2014

333,700,000.00

ABHYUDAYA CO-OPERATIVE BANK LIMITED

ADMINISTRATIVE OFFICE, K. K. TOWER, ABHYUDAYA BANK, LANE, OFF. G.D. AMBEKAR MARG, PAREL VILL, MUMBAI, MAHARASHTRA - 400012, INDIA

L01810928

 

 

 


 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.62.65

UK Pound

1

Rs.98.53

Euro

1

Rs.78.02

 

 

INFORMATION DETAILS

 

Information Gathered by :

HNA

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

MRI

 


 

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

 

--

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.