MIRA INFORM REPORT
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Report No. : |
304251 |
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Report Date : |
21.01.2015 |
IDENTIFICATION DETAILS
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Name : |
BRIPRANIL INDUSTREES
LIMITED |
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Registered
Office : |
22, Biplabi Rash Behari Bose Road, Kolkata – 700 001, West Bengal |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Date of
Incorporation : |
10.04.1974 |
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Com. Reg. No.: |
21-029085 |
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Capital
Investment / Paid-up Capital : |
Rs.22.217 millions |
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CIN No.: [Company Identification
No.] |
U52335WB1974PLC029085 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
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Subject is engaged in the manufacturing of Dipped Tyre Cord Fabric,
Rubberized Cord Fabric, Twines and Cordages. |
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No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Dormant |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a company having been referred as dormant by Ministry of
company affairs as a result of failure of management to file its financial
statements with the statutory authorities. Mr. Ganeriwala, the managing director claimed that the company is
actively carrying out its commercial operations. Payment terms are unknown. We would not recommend any credit dealings in such a quandary, whereas
the company can be considered for business dealings as a matter of your
confidence that to on a 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
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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 |
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 DECLINED BY
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Name : |
Mr. Pradeep Ganeriwala |
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Designation : |
Managing Director |
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Contact No.: |
91-9886012300 |
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Date : |
19.01.2015 |
LOCATIONS
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Registered Office : |
22, Biplabi Rash Behari Bose Road, Kolkata – 700 001, West Bengal,
India |
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Tel. No. : |
Not Available |
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Mobile No.: |
91-9886012300 (Mr. Pradeep Ganeriwala) |
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Fax No. : |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
# 38, 2nd Main Road, AECS Layout,
Sanjay Nagar, Bangalore – 560 094, Karnataka, India |
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Tel. No.: |
91-80-23513558, 65702741 |
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Fax No.: |
91-80-23517632 |
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E-Mail : |
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Branch Office : |
Located at: ·
Delhi ·
Kolkata |
DIRECTORS
AS ON 30.09.2002
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Name : |
Mr. Pradeep Ganeriwala |
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Designation : |
Managing Director |
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Address : |
No.38, Millers Road, Benson Town, Flat No.104, Raheja
Gardenia, Opposite Post Office, Bangalore – 560 046, Karnataka, India |
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Date of Birth/Age : |
02.07.1961 |
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Date of Appointment : |
01.10.1980 |
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DIN No. : |
00436435 |
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Name : |
Mr. Nilesh Ganeriwala |
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Designation : |
Director |
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Address : |
Flat
No.301, Niladri, 30, Raja Santosh Road, Kolkata – 700 027, West Bengal, India |
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Date of Birth/Age : |
18.06.1970 |
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Date of Appointment : |
01.10.2007 |
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DIN No. : |
02221625 |
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Name : |
Mr. Bimal Kumar
Jhunjhunwala |
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Designation : |
Director |
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Address : |
88, College Road, 39,
Shibpur, Howrah, 711003, West Bengal, India |
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Date of Birth/Age : |
07.09.1960 |
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Date of Appointment : |
01.10.2007 |
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DIN No. : |
02633102 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
MAJOR SHAREHOLDERS
Not Available
AS ON 30.09.2002
Equity Share Break up (Percentage of Total Equity)
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Category |
Percentage of Holding |
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Bodies corporate |
57.00 |
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Directors or relatives of Directors |
24.00 |
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Other top fifty shareholders |
19.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the manufacturing of Dipped Tyre Cord Fabric,
Rubberized Cord Fabric, Twines and Cordages. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the Management. |
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Bankers : |
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Banking
Relations : |
-- |
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Auditors : |
Not Divulged |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
AS ON 30.09.2002
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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250000 |
Equity Shares |
Rs.100/- each |
Rs.25.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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222174 |
Equity Shares |
Rs.10/- each |
Rs.22.217 millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT AVIALABLE
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
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1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
No |
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4] |
Premises details |
Yes |
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5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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7] |
Promoter's background |
Yes |
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8] |
No. of employees |
No |
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9] |
Name of person contacted |
Yes |
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10] |
Designation of contact
person |
Yes |
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11] |
Turnover of firm for last
three years |
No |
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12] |
Profitability for last
three years |
No |
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13] |
Reasons for variation
<> 20% |
----- |
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14] |
Estimation for coming
financial year |
No |
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15] |
Capital in the business |
Yes |
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16] |
Details of sister
concerns |
No |
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17] |
Major suppliers |
No |
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18] |
Major customers |
No |
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19] |
Payments terms |
No |
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20] |
Export / Import details
(if applicable) |
No |
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21] |
Market information |
----- |
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22] |
Litigations that the firm
/ promoter involved in |
----- |
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23] |
Banking Details |
No |
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24] |
Banking facility details |
No |
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25] |
Conduct of the banking
account |
----- |
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26] |
Buyer visit details |
----- |
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27] |
Financials, if provided |
No |
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28] |
Incorporation details, if
applicable |
Yes |
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29] |
Last accounts filed at
ROC |
No |
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30] |
Major Shareholders, if
available |
No |
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31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
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32] |
PAN of
Proprietor/Partner/Director, if available |
No |
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33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
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34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES:
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S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
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1 |
90254533 |
13/01/2005 |
1,040,000.00 |
SRIE INTERNATIONAL
FINANCIAL |
VISHWAKURNA 56C TOPSIA
ROAD, KOLKATA, WEST BENGAL |
- |
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2 |
90254109 |
30/03/2002 * |
9,000,000.00 |
KARNATAKA STATE INDL AND
DEVE CORP. LIMITED |
MSTI HOUSE; 36; CUNNINGHAM
ROAD, BANGALORE, KARNATAKA - 560052, INDIA |
- |
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3 |
90253996 |
30/06/2002 * |
10,000,000.00 |
KARNATAKA STATE INDL
INVES AND DEVEL. CORP LTD |
MSIL HOUSE; 36,
CUNNINGHAM ROAD, BANGALORE, KARNATAKA, INDIA |
- |
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4 |
90253948 |
25/06/2003 * |
80,000,000.00 |
STAE BANK OF INDIA |
BANGALORE COMMERCIAL
BRANCH, KRISHI BHAVAN; HUDSO |
- |
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5 |
90255028 |
10/03/2000 |
51,500,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, RAJAJINAGAR
INDL. ESTATE, BANGALORE, KARNATAKA - 560044, INDIA |
- |
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6 |
90255019 |
22/11/1999 |
16,800,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH,
RAJAJINAGAR INDL. ESTATE, BANGALORE, KARNATAKA - 560044, INDIA |
- |
|
7 |
90254893 |
15/03/1999 * |
14,000,000.00 |
STATE BANK OF INDIA |
BANAGALORE CITY BRANCH,
J. C. ROAD, BANGALORE, KARNATAKA - 560002, INDIA |
- |
* Date of charge modification
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.61.85 |
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|
1 |
Rs.93.27 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
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Information
Gathered by : |
DIP |
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
SMN |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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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 |
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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.