MIRA INFORM REPORT
|
Report Date : |
26.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
GEMINI ENGI-FAB LIMITED (w.e.f.09.01.2007) |
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Formerly Known
As : |
GEMINI ENGI-FAB PRIVATE LIMITED |
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Registered
Office : |
501, Palm Spring, Next to D’Mart, Link Road, Malad (West), Mumbai – 400064 |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
12.01.1998 |
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Com. Reg. No.: |
11-112909 |
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Capital Investment
/ Paid-up Capital : |
Rs. 121.389
Millions |
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CIN No.: [Company Identification
No.] |
U28920MH1998PLC112909 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG07502F |
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PAN No.: [Permanent Account No.] |
AAACG7948N |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Heavy Equipments such as Heat Exchangers. |
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No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (30) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having moderate track record. The rating reflects Gemini’s moderate financial risk profile marked by
thin profitability margin and low reserves of the company. However, trade relations are fair. Business is active. Payment terms
are slow but correct. 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.
INDIAN ECONOMIC OVERVIEW
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year
before.A sharp fall in gold imports due to restrictions on overseas purchases
and muted import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
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 : |
Ms. Gauri |
|
Designation : |
Accounts Officer |
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Contact No.: |
91-22-28808822 |
|
Date : |
25.06.2014 |
LOCATIONS
|
Registered Office : |
501, Palm Spring, Next to D’Mart, Link Road, Malad (West), Mumbai – 400064, Maharashtra, India |
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Tel. No.: |
91-22-28808822 |
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Fax No.: |
91-22-28808998 |
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E-Mail : |
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Website : |
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Area : |
1000 Sq. ft. |
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Location : |
Owned |
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Workshop/ Factory : |
Plot No. 1504, 1505, 1506, Phase III, GIDC, Umbergaon, District Valsad – 396171, Gujarat, India |
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Tel. No.: |
91-260-2562390/ 2562622 |
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Fax No.: |
91-260-2562384 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Dalpatram Jethalal Panchal |
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Designation : |
Whole-time director |
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Address : |
230-A, Umang Apartment, Dattani Gram, Mathuradas Road, Irani Wadi,
Kandivali (West), Mumbai – 400067, Maharashtra, India |
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Date of Birth/Age : |
03.06.1948 |
|
Qualification : |
Graduate |
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Date of Appointment : |
12.01.1998 |
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PAN No.: |
AVOPP4449B |
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DIN No.: |
00325389 |
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Name : |
Mr. Rakesh Dalpatram Panchal |
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Designation : |
Managing director |
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Address : |
302, Raj Residency III, Mahavir Nagar, Kandivali (West), Mumbai –
400067, Maharashtra, India |
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Date of Birth/Age : |
23.12.1971 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.07.2000 |
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PAN No.: |
AAFPP5353A |
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DIN No.: |
00325481 |
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|
|
|
Name : |
Mr. Ashish Dalpatram Panchal |
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Designation : |
Whole-time director |
|
Address : |
230-A, Umang Apartment, Dattani Gram, Mathuradas Road, Irani Wadi,
Kandivali (West), Mumbai – 400067, Maharashtra, India |
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Date of Birth/Age : |
26.02.1974 |
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Qualification : |
Graduate |
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Date of Appointment : |
20.01.2006 |
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PAN No.: |
AAJPP3063D |
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DIN No.: |
00325511 |
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|
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Name : |
Mr. Hitesh Dalpatram Panchal |
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Designation : |
Whole-time director |
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Address : |
230-A, Umang Apartment, Dattani Gram, Mathuradas Road, Irani Wadi,
Kandivali (West), Mumbai – 400067, Maharashtra, India |
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Date of Birth/Age : |
18.07.1977 |
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Qualification : |
Graduate |
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Date of Appointment : |
20.01.2006 |
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PAN No.: |
AIJPP7144D |
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DIN No.: |
00325541 |
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Name : |
Mr. Vijay Chhotalal Panchal |
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Designation : |
Director |
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Address : |
C/702, Umang Mathuradas Extension Road, Kandivali (West), Mumbai –
400067, Maharashtra, India |
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Date of Birth/Age : |
17.11.1967 |
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Qualification : |
Diploma in interior designing course |
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Date of Appointment : |
16.09.2010 |
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DIN No.: |
01820036 |
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|
|
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Name : |
Mr. Jayant Pradhan Chandra |
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Designation : |
Director |
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Address : |
204, Kasturi Park, New Maniklal Estate, Ghatkopar, Mumbai – 400086,
Maharashtra, India |
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Date of Birth/Age : |
05.06.1969 |
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Qualification : |
B.Sc |
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Date of Appointment : |
30.04.2008 |
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DIN No.: |
02174525 |
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|
|
|
Name : |
Mr. Jairaj Desai Keshavlal |
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Designation : |
Director |
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Address : |
601/603, Betsy Building, 68, Marve Road, Malad (West), Mumbai –
400064, Maharashtra, India |
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Date of Birth/Age : |
16.07.1953 |
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Qualification : |
B.Sc honours in Chemical Engineering |
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Date of Appointment : |
09.09.2010 |
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DIN No.: |
03222238 |
KEY EXECUTIVES
|
Name : |
Ms. Gauri |
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Designation : |
Accounts Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Dalpatram Jethalal Panchal |
2978820 |
24.54 |
|
Sunita Dalpatram Panchal |
517500 |
4.26 |
|
Rakesh Dalpatram Panchal |
2254000 |
18.57 |
|
Ashish Dalpatram Panchal |
2451453 |
20.20 |
|
Hitesh Dalpatram Panchal |
2468518 |
20.34 |
|
Aruna Rakesh Panchal |
471428 |
3.88 |
|
Heena Ashish Panchal |
471428 |
3.88 |
|
Deena Hitesh Panchal |
475715 |
3.92 |
|
Dinesh Sheth |
20000 |
0.16 |
|
Bharti Dinesh Sheth and Dinesh Sheth |
30000 |
0.25 |
|
|
|
|
|
Total |
12138862 |
100.00 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
99.60 |
|
Other
top fifty shareholders |
0.40 |
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|
|
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Heavy Equipments such as Heat Exchangers. |
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Products/ Services : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
Germany ·
China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
Wholesalers and Retailers ·
Rashtriya Chemicals
and Fertilizers Limited, Aurangabad |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
· The Bharat Co-operative Bank (Mumbai) Limited Andheri (East) Branch, Town Centre, Near Mittal Industrial Estate, Andheri-Kurla Road, Marol, Andheri (East), Mumbai - 400059, Maharashtra, India ·
Kotak Mahindra Bank Limited |
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Facilities : |
Cash Credit and Total Limit = Rs. 200.000 Millions (From The Bharat Co-operative Bank (Mumbai) Limited)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Bharat J Rughani and Company Chartered Accountants |
|
Address : |
B/103, Shilpam Apartment, Chincholi Bundar Road, Malad (West) Mumbai – 400064, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAMFB6853A |
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Related Parties : |
· Gemini Engineers and Fabricators ·
Expert Engineers |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12,138,862 |
Equity Shares |
Rs. 10/- each |
Rs. 121.389
Millions |
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|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
121.389 |
121.389 |
127.053 |
|
(b) Reserves & Surplus |
31.878 |
27.335 |
35.418 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
153.267 |
148.724 |
162.471 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
7.388 |
2.907 |
2.536 |
|
(b) Deferred tax liabilities (Net) |
0.423 |
0.536 |
0.413 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
7.811 |
3.443 |
2.949 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
174.302 |
169.475 |
102.493 |
|
(b)
Trade payables |
2.806 |
27.930 |
25.930 |
|
(c)
Other current liabilities |
26.906 |
50.579 |
11.028 |
|
(d)
Short-term provisions |
0.108 |
0.414 |
0.400 |
|
Total
Current Liabilities (4) |
204.122 |
248.398 |
139.851 |
|
|
|
|
|
|
TOTAL |
365.200 |
400.565 |
305.271 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
58.801 |
60.972 |
59.840 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.291 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.100 |
0.100 |
0.100 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
5.780 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
64.972 |
61.072 |
59.940 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
83.102 |
81.390 |
107.505 |
|
(c)
Trade receivables |
180.524 |
208.491 |
103.915 |
|
(d)
Cash and cash equivalents |
15.694 |
10.781 |
16.617 |
|
(e)
Short-term loans and advances |
19.660 |
20.314 |
16.237 |
|
(f)
Other current assets |
1.248 |
18.517 |
1.057 |
|
Total
Current Assets |
300.228 |
339.493 |
245.331 |
|
|
|
|
|
|
TOTAL |
365.200 |
400.565 |
305.271 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
321.921 |
296.903 |
293.419 |
|
|
|
Other Income |
6.331 |
6.307 |
6.053 |
|
|
|
TOTAL (A) |
328.252 |
303.210 |
299.472 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
24.773 |
105.851 |
193.596 |
|
|
|
Administrative Expenses |
152.243 |
131.818 |
70.533 |
|
|
|
|
40.109 |
5.117 |
(40.656) |
|
|
|
|
2.632 |
3.187 |
3.606 |
|
|
|
Advertising Expenses |
76.680 |
30.146 |
52.791 |
|
|
|
TOTAL (B) |
296.437 |
276.119 |
279.870 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
31.815 |
27.091 |
19.602 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
25.948 |
20.845 |
15.445 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.867 |
6.246 |
4.157 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.154 |
2.763 |
3.094 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.713 |
3.483 |
1.063 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.595 |
0.825 |
0.378 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.118 |
2.658 |
0.685 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
17.518 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
40.431 |
39.143 |
20.382 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.17 |
0.21 |
0.05 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
250.000 |
|
|
|
|
|
The above information has been parted by Ms. Gauri (Accounts Officer)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.65 |
0.88 |
0.23 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.84 |
1.17 |
0.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.74 |
0.87 |
0.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.02 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.19 |
1.16 |
0.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47 |
1.37 |
1.75 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
127.053 |
121.389 |
121.389 |
|
Reserves & Surplus |
35.418 |
27.335 |
31.878 |
|
Net
worth |
162.471 |
148.724 |
153.267 |
|
|
|
|
|
|
long-term borrowings |
2.536 |
2.907 |
7.388 |
|
Short term borrowings |
102.493 |
169.475 |
174.302 |
|
Total
borrowings |
105.029 |
172.382 |
181.690 |
|
Debt/Equity ratio |
0.646 |
1.159 |
1.185 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
293.419 |
296.903 |
321.921 |
|
|
|
1.187 |
8.426 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
293.419 |
296.903 |
321.921 |
|
Profit |
0.685 |
2.658 |
2.118 |
|
|
0.23% |
0.90% |
0.66% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
1.333 |
2.560 |
2.832 |
|
|
|
|
|
|
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 |
Yes |
|
12] |
Profitability for last
three years |
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 |
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
LITIGATION DETAILS
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
Presentation
Date: 28.05.2013 |
|
Lodging No: ITXAL/773/2013 Filing Date:
28.05.2013 Reg. No.: ITXA/1525/2013 Reg. Date: 07.08.2013 |
|
Petitioner: THE COMMISSIONER OF INCOME TAX-8
Respondent: GEMINI ENGI. FAB LTD Petn. Adv : ARVIND PINTO (0) Resp. Adv.: S.C.
TIWARI, NATASHA MANGAT & R. ASOK
District: MUMBAI |
|
Bench: DIVISION Status: Pre-Admission
Category: TAX APPEALS Next Date: 05.08.2014 Stage:
Coram: ACCORDING TO SITTING LIST ACCORDING TO SITTING LIST |
|
Act: Income Tax Act, 1961 UNDER SECTION: 260A |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10395306 |
07/12/2012 |
40,000,000.00 |
THE BHARAT
CO-OPERATIVE BANK (MUMBAI) LIMITED |
ANDHERI (E)
BRANCH, TOWN CENTRE, NEAR MITTAL INDL., ESTATE, ANDHERI-KURLA ROAD, MAROL,
ANDHERI (EAST), MUMBAI, MAHARASHTRA - 400059, INDIA |
B65272817 |
|
2 |
10309499 |
07/12/2012 * |
370,359,000.00 |
THE BHARAT
CO-OPERATIVE BANK (MUMBAI) LIMITED |
ANDHERI (E)
BRANCH, TOWN CENTRE, NEAR MITTAL INDL., ESTATE, ANDHERI-KURLA ROAD, MAROL,
ANDHERI (EAST), MUMBAI, MAHARASHTRA - 400059, INDIA |
B65273112 |
|
3 |
10174395 |
12/08/2009 |
50,000,000.00 |
THE BHARAT
CO-OPERATIVE BANK (MUMBAI) LIMITED |
ANDHERI (E)
BRANCH, TOWN CENTRE, NEAR MITTAL INDL., ESTATE, ANDHERI-KURLA ROAD, MAROL,
ANDHERI (EAST), MUMBAI, MAHARASHTRA - 400059, INDIA |
A68882133 |
|
4 |
10043763 |
07/12/2012 * |
150,000,000.00 |
THE BHARAT
CO-OPERATIVE BANK (MUMBAI) LIMITED |
ANDHERI (E)
BRANCH, TOWN CENTRE, NEAR MITTAL INDL., ESTATE, ANDHERI-KURLA ROAD, MAROL,
ANDHERI (EAST), MUMBAI, MAHARASHTRA - 400059, INDIA |
B65272643 |
|
5 |
80044698 |
15/02/2006 |
9,900,000.00 |
THE BHARAT
CO-OPERATIVE BANK (MUMBAI) LIMITED |
B-28 MITTTAL
IND. ESTATE. M.V. RD. , ANDHERI (E), MUMBAI, MAHARASHTRA - 400059, INDIA |
- |
|
6 |
80044696 |
11/05/2005 |
10,000,000.00 |
THE BHARAT
CO-OPERATIVE BANK (MUMBAI) LIMITED |
B-28 MITTTAL
IND. ESTATE. M.V. RD. , ANDHERI (E), MUMBAI, MAHARASHTRA - 400059, INDIA |
- |
|
7 |
80044695 |
11/05/2005 |
15,000,000.00 |
THE BHARAT
CO-OPERATIVE BANK (MUMBAI) LIMITED |
B-28 MITTTAL
IND. ESTATE. M.V. RD. , ANDHERI (E), MUMBAI, MAHARASHTRA - 400059, INDIA |
- |
|
8 |
90148722 |
17/09/2011 * |
180,000,000.00 |
THE BHARAT CO-OPERATIVE
BANK (MUMBAI) LIMITED |
ANDHERI (E)
BRANCH, TOWN CENTRE, NEAR MITTAL INDL., ESTATE, ANDHERI-KURLA ROAD, MAROL,
ANDHERI (EAST), MUMBAI, MAHARASHTRA - 400059, INDIA |
B22255087 |
|
9 |
90149359 |
13/05/2004 * |
1,221,995.00 |
THE BHARAT
CO-OPERATIVE BANK (MUMBAI) LIMITED |
ANDHERI (E)
BRANCH, TOWN CENTRE, NEAR MITTAL INDL., ESTATE, ANDHERI-KURLA ROAD, MAROL,
ANDHERI (EAST), MUMBAI, MAHARASHTRA - 400059, INDIA |
- |
|
10 |
90147188 |
02/09/2003 * |
8,740,000.00 |
STATE BANK OF
INDIA |
MAROL BRANCH, MUMBAI,
MAHARASHTRA - 400059, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Other loans and advances |
3.292 |
7.085 |
|
|
|
|
|
Total |
3.292 |
7.085 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from 5-C/103,
Mittal Industries Estate, Marol Naka, A K Road, Andheri East, Mumbai - 400059,
Maharashtra, India to the present address w.e.f.25.01.2007.
CORPORATE INFORMATION
Gemini Engi-Fab Limited carries out engineering, procurement and fabrication of custom made equipment. It is an ISO 9001 : 2008 standard compliant company and ASME Certified for manufacturing of ‘U’ Stamp coded Pressure Vessels. The major products manufactured are heat exchangers, pressure vessels, nuclear reactors and columns
REVIEW OF OPERATIONS:
Due to rigorous effort made by the management, the Company could achieve higher sales turnover during the year and expects to retain and achieve higher pace of growth in the current year.
The company is deploying its resources in the best possible
way to increase business volume and plans to achieve increased turnover in the
current year. The expansion and improvement of product range shall partly be
financed by the internal accruals and partly by availing financial assistance
from the bank and financial institutions and raising capital from Promoters.
FIXED ASSETS:
· Land
· Buildings
· Office building
· Factory building
· Plant and equipment
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
· Other equipments
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 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. 60.28 |
|
|
1 |
Rs. 102.28 |
|
Euro |
1 |
Rs. 82.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.