MIRA INFORM REPORT
|
Report Date : |
14.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
BLACK GOLD ORGANICS PRIVATE LIMITED |
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Registered
Office : |
Legent Prestige, S No 20/28, Hadapsar Near Croma Building, Pune –
411028, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
02.09.2013 |
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Com. Reg. No.: |
11-148691 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U24303PN2013PTC148691 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Aromatic Chemical. |
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No. of Employees
: |
9 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company incorporated as on 02.09.2013 and yet to
establish itself gradually. Mr. Sanjay Bhatia Chief Executive Officer provided information and
claimed that company is expected to commenced its operation from April 2015. As per registrar of companies the status of the company is shown as
active. Payments terms are unknown. The company can be considered for business dealings on a fully safe
and secured trade terms and condition. |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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. Sanjay Bhatia |
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Designation : |
Chief Executive Officer |
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Contact No.: |
91-8237777876 |
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Date : |
13.10.2014 |
LOCATIONS
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Registered Office : |
Legent Prestige, S No 20/28, Hadapsar Near Croma Building, Pune –
411028, Maharashtra, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-8237777876 (Mr. Sanjay Bhatia) |
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Fax No.: |
Not Available |
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E-Mail : |
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Area : |
1300 Sq.Ft. |
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Location : |
Owned |
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Factory : |
D 14-1, MIDC Kurkumbh Industrial Area, Taluka – Daund, Pune
Maharashtra, India |
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Area : |
4900 Sq.Ft. |
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Location : |
Owned |
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Corporate Office : |
504, Pentagon Magarpatta City, Hadapsar, Pune – 411013, Maharashtra,
India |
DIRECTORS
As on 31.03.2014
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Name : |
Mr. Atul Sharad Kamble |
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Designation : |
Director |
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Address : |
Silver Archies Apartment, Flat No 2, S No. 20 To 28, PL-1, Uday Baug Road,
Hadapsar, Pune – 411013, Maharashtra, India |
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Date of Birth/Age : |
18.03.1967 |
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Date of Appointment : |
02.09.2013 |
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DIN No.: |
01838327 |
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Others
Directorship :
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Name : |
Ms. Pratidnya Atul Kamble |
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Designation : |
Director |
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Address : |
St. Lorence Collage, Uday Baug, Pune – 411013, Maharashtra, India |
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Date of Birth/Age : |
18.01.1975 |
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Date of Appointment : |
02.09.2013 |
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DIN No.: |
01830571 |
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Others
Directorship :
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KEY EXECUTIVES
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Name : |
Mr. Sanjay Bhatia |
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Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2014
|
Names of Shareholders |
No. of Shares |
% of holdings |
|
Mr. Atul Sharad Kamble |
5000 |
50.00 |
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Ms. Pradidnya Atul Kamble |
5000 |
50.00 |
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Total |
10000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Aromatic Chemical. |
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Exports : |
They will export 40% of their production. |
GENERAL INFORMATION
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Suppliers : |
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No. of Employees : |
9 (Approximately) |
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Bankers : |
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Facilities : |
Fund and Non Fund = Rs. 35.000 Millions
from the Punjab National Bank. |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
Shah Baldota and Company Chartered Accountant |
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Address : |
Pune, Mahrashtra, India |
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Sister Concern : |
Address
:
Alibaug, Maharashtra, India Line
of Business : Trader of Coal |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
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|
31.03.2014 |
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I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
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0.100 |
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(b) Reserves & Surplus |
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0.000 |
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(c) Money
received against share warrants |
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0.000 |
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(2) Share Application money pending
allotment |
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0.000 |
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Total
Shareholders’ Funds (1) + (2) |
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|
0.100 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
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27.766 |
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(b) Deferred tax liabilities (Net) |
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|
0.000 |
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(c) Other long term
liabilities |
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|
0.000 |
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(d) long-term
provisions |
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|
0.000 |
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Total Non-current
Liabilities (3) |
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27.766 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
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0.000 |
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(b) Trade
payables |
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|
7.358 |
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(c) Other
current liabilities |
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|
0.001 |
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(d) Short-term
provisions |
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|
0.000 |
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Total Current
Liabilities (4) |
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7.359 |
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TOTAL |
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35.225 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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(i) Tangible
assets |
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0.000 |
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(ii)
Intangible Assets |
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0.000 |
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(iii)
Capital work-in-progress |
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20.428 |
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(iv)
Intangible assets under development |
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0.000 |
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(b) Non-current Investments |
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0.000 |
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(c) Deferred tax assets (net) |
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0.000 |
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(d) Long-term Loan and Advances |
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0.000 |
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(e) Other
Non-current assets |
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0.000 |
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Total Non-Current
Assets |
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20.428 |
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(2)
Current assets |
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(a)
Current investments |
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0.000 |
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(b) Inventories |
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0.000 |
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(c) Trade
receivables |
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0.000 |
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(d) Cash
and cash equivalents |
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|
0.498 |
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(e)
Short-term loans and advances |
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|
13.169 |
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(f) Other
current assets |
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|
1.130 |
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Total
Current Assets |
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14.797 |
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TOTAL |
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35.225 |
PROFIT & LOSS
ACCOUNT
|
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PARTICULARS |
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|
31.03.2014 |
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SALES |
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NA |
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EXPENSES |
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NA |
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PROFIT BEFORE
TAX |
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NA |
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TAX |
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NA |
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PROFIT AFTER TAX |
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NA |
KEY RATIOS
|
PARTICULARS |
|
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|
31.03.2014 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
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|
277.66 |
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Current Ratio (Current Asset/Current Liability) |
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2.01 |
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 year |
Yes |
|
12] |
Profitability for last three year |
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 |
No |
|
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 |
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 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
|
As
on 31.03.2014 |
|
LONG TERM
BORROWING |
|
|
|
From Other Parties |
|
|
|
Black Gold Infrastructure |
|
6.050 |
|
Mr. Amitkumar Baburao |
|
0.210 |
|
Mr. Atul Sharad Kamble |
|
10.071 |
|
Mr. Kirit Ambalal Modi |
|
4.000 |
|
Mr. Rahul Sharad Kamble |
|
0.400 |
|
Mrs. Anuradha Rahul Kamble |
|
0.100 |
|
Mrs. Pratidnya Atul Kamble |
|
3.635 |
|
Neha Narendra Rajeshirke |
|
0.300 |
|
Sai Trading Company |
|
3.000 |
|
Total |
|
27.766 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Building
Factory
- Plant and
Machinery
- Office
Equipments
- Electrical
Installation
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.61.24 |
|
|
1 |
Rs.98.68 |
|
Euro |
1 |
Rs.77.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
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|
Analysis Done by
: |
DIV |
|
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|
Report Prepared
by : |
KLS |
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.