MIRA INFORM REPORT
|
Report No. : |
321375 |
|
Report Date : |
11.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
GWALIOR COMMODITIES PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Gopal Bhawan, 1st floor, Near Bank of India, Dal bazaar, Gwalior – 474001, Madhya
Pradesh |
|
Mobile No.: |
91-9911727317 (Mr. Sandeep) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.12.2007 |
|
|
|
|
Com. Reg. No.: |
020152 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.980 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15143MP2007PTC020152 |
|
|
|
|
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 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading of Merchandise. |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. As per registrar of companies the date of balance sheet (i.e.
financial filed) is shown as 31st March, 2014 but the document
related to financial for the year 2012, 2013 and 2014 is not available from
any source. As per previous financial record of 2011, company has incurred huge
accumulated losses. Rating further constrained on account of absence of latest financial
information to evaluate risk associated with the subject company. As per the status in the registrar of companies business appears to be
active. Payments are reported to be unknown. In view of absence of latest financial information along with
accumulated losses incurred in past, the company can be considered for
business dealings on 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2013.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Sandeep |
|
Designation : |
Corporate Adviser |
|
Contact No.: |
91-9911727317 |
|
Date : |
09.06.2015 |
LOCATIONS
|
Registered Office : |
Gopal Bhawan, 1st floor, Near Bank of India, Dal bazaar, Gwalior – 474001, Madhya
Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9911727317 (Mr. Sandeep) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location: |
Owned |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Paurush Yog Sharma |
|
Designation : |
Director |
|
Address : |
Water Works Colony, Dholpur - 328001, Rajasthan, India |
|
Date of Birth/Age : |
22.06.1984 |
|
Date of Appointment : |
28.12.2012 |
|
DIN No.: |
06629627 |
|
|
|
|
Name : |
Vipin Singh Chauhan |
|
Designation : |
Director |
|
Address : |
Nainagarh Road, Morena - 476001, Madhya Pradesh, India |
|
Date of Birth/Age : |
05.03.1974 |
|
Date of Appointment : |
28.12.2012 |
|
DIN No.: |
06629643 |
KEY EXECUTIVES
|
Name : |
Mr. Sandeep |
|
Designation : |
Corporate Adviser |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Satish Chand Agarwal |
5000 |
2.53 |
|
Usha Agarwal |
5000 |
2.53 |
|
GMI Buildcon Private Limited |
75000 |
37.88 |
|
GMI Infrabuild Private Limited |
75000 |
37.88 |
|
K.S. Finlease Limited |
38000 |
19.19 |
|
|
|
|
|
Total |
198000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
94.94 |
|
Directors or relatives of Directors |
5.06 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Merchandise. |
|
|
|
|
Products : |
Merchandise |
|
|
|
|
Brand Names : |
-- |
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|
|
|
Agencies Held : |
-- |
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|
Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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|
|
|
Terms : |
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Selling : |
Cash and Cheque |
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|
|
|
Purchasing : |
Cash and Cheque |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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No. of Employees :10 |
(Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Krishna Gupta and Company Chartered Accountants |
|
Address : |
105, Parikalp Singhal Tower, 1st Floor, Above UCO Bank, old High Court Road Gwalior – 474009, Madhya Pradesh, India |
|
PAN No.: |
AAAFA9155G |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
--- |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
198,000 |
Equity Shares |
Rs.10/- each |
Rs.1.980 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
1] Share Capital |
1.980 |
1.600 |
1.600 |
|
2] Share Application Money |
0.000 |
0.000 |
100.179 |
|
3] Reserves & Surplus |
218.120 |
28.500 |
31.511 |
|
4] (Accumulated Losses) |
(181.719) |
(68.492) |
0.000 |
|
NETWORTH |
38.381 |
(38.392) |
133.290 |
|
|
|
|
|
|
LOAN FUNDS |
|
|
|
|
1] Secured Loans |
627.166 |
1166.535 |
8.314 |
|
2] Unsecured Loans |
5.500 |
15.939 |
0.000 |
|
TOTAL BORROWING |
632.666 |
1182.474 |
8.314 |
|
|
|
|
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL |
671.047 |
1144.082 |
141.604 |
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.052 |
0.067 |
0.089 |
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
DEFERRED TAX ASSETS |
0.012 |
0.005 |
0.007 |
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
Inventories |
923.694 |
374.661 |
253.300 |
|
Sundry Debtors |
1268.274 |
2657.540 |
6.21 |
|
Cash & Bank Balances |
14.531 |
200.927 |
3.98 |
|
Other Current Assets |
0.000 |
0.000 |
516.346 |
|
Loans & Advances and Deposits |
1212.979 |
150.099 |
536.210 |
|
Total Current Assets |
3419.478 |
3383.227 |
1316.046 |
|
|
|
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
Sundry Creditors |
2685.304 |
2212.716 |
1173.173 |
|
Other Current Liabilities / Duty and Taxes |
55.250 |
25.291 |
0.155 |
|
Provisions |
7.941 |
1.210 |
1.210 |
|
Total Current Liabilities |
2748.495 |
2239.217 |
1174.538 |
|
|
|
|
|
|
Net Current Assets |
670.983 |
1144.010 |
141.508 |
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL |
671.047 |
1144.082 |
141.604 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SALES |
|
|
|
|
|
Income |
3909.684 |
2609.419 |
1418.533 |
|
|
Other Income |
1.486 |
1.919 |
0.151 |
|
|
TOTAL (A) |
3911.170 |
2611.338 |
1418.684 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
NA |
2709.694 |
1356.259 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
NA |
(121.361) |
52.978 |
|
|
Employees benefits
expense |
NA |
0.569 |
0.565 |
|
|
Administrative Other
expenses |
NA |
1.572 |
0.355 |
|
|
TOTAL (B) |
NA |
2590.474 |
1410.157 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
(C) |
NA |
20.864 |
8.527 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
163.049 |
92.342 |
4.791 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
(71.478) |
3.736 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
0.022 |
0.038 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
(113.237) |
(71.500) |
3.698 |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.003 |
1.212 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
(113.237) |
(71.503) |
2.486 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
(68.492) |
3.011 |
0.525 |
|
|
|
|
|
|
|
|
Balance Carried to the B/S |
(181.729) |
(68.492) |
3.011 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(57.19) |
(44.69) |
-- |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(2.90) |
(2.74) |
0.18 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
0.80 |
0.60 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(3.31) |
(2.11) |
0.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(2.95) |
1.86 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
16.48 |
(30.80) |
0.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.51 |
1.12 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
1.600 |
1.600 |
1.980 |
|
Reserves & Surplus |
31.511 |
28.500 |
218.120 |
|
Share
Application Money |
100.179 |
0.000 |
0.000 |
|
(Accumulated
Losses) |
0.000 |
(68.492) |
(181.719) |
|
Net worth |
133.290 |
(38.392) |
38.381 |
|
|
|
|
|
|
long-term borrowings |
8.314 |
1166.535 |
627.166 |
|
Short term borrowings |
0.000 |
15.939 |
5.500 |
|
Total borrowings |
8.314 |
1182.474 |
632.666 |
|
Debt/Equity ratio |
0.062 |
(30.800) |
16.484 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1418.533 |
2609.419 |
3909.684 |
|
|
|
83.952 |
49.830 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1418.533 |
2609.419 |
3909.684 |
|
Profit/Loss |
2.486 |
(71.503) |
(113.237) |
|
|
0.18% |
(2.74%) |
(2.90%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
No |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2011 (Rs.
in Million) |
31.03.2010 (Rs.
in Million) |
|
Working capital loans from others |
5.500 |
15.939 |
|
|
|
|
|
Total |
5.500 |
15.939 |
BUSINESS RESULTS [AS
ON 31.03.2011]
During the year the Company continued to suffer from the loss because of price fluctuation in the market which adversely affect the company. The Company had to report a loss of Rs. 113.227 Million during the year under report. In view of the loss reported above, the Directors regret their inability to recommend any Dividend.
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.88 |
|
|
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.72.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
14 |
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.