MIRA INFORM REPORT

 

 

Report No. :

326662

Report Date :

13.06.2015

 

IDENTIFICATION DETAILS

 

Name :

GEBI PRODUCTS

 

 

Registered Office :

G4/5, Mewad Industrial Estate, LBS, Ghatkopar (West), Mumbai – 400086, Maharashtra

Tel. No.:

91-22-25002450/2490

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015 (Summarized Balance sheet)

 

 

Year of Establishment:

1995

 

 

Capital Investment / Paid-up Capital :

Rs.14.687 Million

 

 

TIN No.:

Not Available

 

 

IEC No.:

0398032777

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AABFG6916A

 

 

Legal Form :

Partnership Concern with an Unlimited Liability of the Partners

 

 

Line of Business :

Manufacturer and Trader of Gebi Brand Brush, Brooms, Wiper, Mops.

 

 

No. of Employees :

160 (Approximately) (In Office-10)+(In Factory-150)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (46)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 42000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a partnership concern established in the year 1995 having satisfactory track.

 

Mr. Hitesh Mehta (Chief Accountant) provided all general information further he claimed that sales turnover for the financial year 2014-2015 is Rs.164.600 Million which is not been verified.

 

However, trade relations are fair. Business is active. Payment terms are usually correct.

 

The concern can be considered for business dealings with usual 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.

 

 

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

 

Name :

Mr. Hitesh Mehta

Designation :

Chief Accountant

Contact No.:

91-9322498810

Date :

11.06.2015

 

 

LOCATIONS

 

Registered Office :

G4/5, Mewad Industrial Estate, LBS, Ghatkopar (West), Mumbai – 400086, Maharashtra, India

Tel. No.:

91-22-25002450/2490

Mobile No.:

91-9322498810 (Mr. Hitesh Mehta)

Fax No.:

91-22-25002490

E-Mail :

gebipo@yahoo.com

Website :

http://wwwgebiproducts.com

Area :

600 Sq. ft.

Location :

Owned

 

 

Factory:

392/3, Kudus Kondale Road, Dinkar Pada, Wada, District – Palghar, Maharashtra, India

Tel. No.:

91-9820272422

E-Mail :

gebi@yahoo.com

Area :

4 ACRE Sq. ft.

Location :

Owned

 

 

PARTNERS

 

Name :

Mr. Chirag Mehta

Designation :

Partner

Address :

702, Shipla, Jagdusha Nagar, Ghatkopar (West), Mumbai – 400086, Maharashtra, India

Date of Birth/Age :

23.08.1967 (30 years)

Qualification :

Graduate

 

 

Name :

Mr. Chetan R. Mehta

Designation :

Partner

Address :

702, Shipla, Jagdusha Nagar, Ghatkopar (West), Mumbai – 400086, Maharashtra, India

Date of Birth/Age :

18.08.1962 (30 years)

Qualification :

Graduate

 

 

KEY EXECUTIVES

 

Name :

Mr. Hitesh Mehta

Designation :

Chief Accountant

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Trader of Gebi Brand Brush, Brooms, Wiper, Mops.

 

 

Products :
  • Gebi Brand Brush
  • Brooms
  • Wiper
  • Mops

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :
  • Brush Brooms
  • Wiper
  • Mops

Countries :
  • Maputo

 

 

Imports :

 

Products :
  • Bristels
  • Handle

Countries :
  • China
  • Spain

 

 

Terms :

 

Selling :

Cash and Credit (45/ 60 Days)

 

 

Purchasing :

Cash and Credit (45/ 60 Days)

 

 

PRODUCTION STATUS NOT AVAILABLE

 

Particulars

Unit

Licensed Capacity

Installed Capacity

Actual Production

Brush Brooms Wiper Mops

--

--

3.500 Million

3.500 Million

 

 

 

 

 

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Wholesalers and Retailers

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

160 (Approximately) (In Office-10)+(In Factory-150)

 

 

Bankers :

Bank Name

NKGSB COOP Bank Limited

Branch

Ghatkopar (West), Mumbai, Maharashtra, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Cash and Credit Rs.35.000 Million

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

 

Auditors :

 

Name :

Sandip Sheth and Associates

Chartered Accountants

Address :

Nesstor Court, Vileparle, Mumbai, Maharashtra, India

Tel. No.:

91-22-26210260

E-Mail :

info@kdsa.net

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Sister Concern:
  • Gebi ENGG Private Limited – G-4/5, Mewad, Industrial LBS Marg, Ghatkopar (West), Mumbai – 400086, Maharashtra, India

 

  • Gebi Plastic Private Limited – G-4/5, Mewad, Industrial LBS Marg, Ghatkopar (West), Mumbai – 400086, Maharashtra, India

 

 

CAPITAL STRUCTURE

 

As on :31.03.2015

 

Capital Investment :

 

Owned :

Rs.14.687 Million

Borrowed :

--

Total :

Rs.14.687 Million

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

SUMMARIZED BALANCE SHEET

 

SOURCES OF FUNDS

 

 

 

31.03.2015

Particulars

 

 

 

Partners Capital

 

 

14.687

 

 

 

 

Secured Loans

 

 

43.308

 

 

 

 

Unsecured Loans

 

 

29.147

 

 

 

 

FIXED ASSETS

 

 

75.555

 

 

 

 

INVESTMENT

 

 

0.500

 

 

 

 

Inventories
 
 
27.066

 
 
 
 

Sundry Debtors
 
 
35.700

 
 
 
 

Cash & Bank Balances
 
 
2.412

 
 
 
 

Other Current Assets
 
 
22.531

 
 
 
 

Loans & Advances
 
 
3.333

 
 
 
 

Other Current Liabilities
 
 
32.740

 
 
 
 

Provisions
 
 
47.210

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

 

31.03.2015

 

SALES

 

 

 

 

Income

 

 

164.600

 

Other Income

 

 

1.343

 

TOTAL

 

 

165.943

 

 

 

 

 

Less

EXPENSES

 

 

 

 

TOTAL

 

 

140.384

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

 

 

25.559

 

 

 

 

 

Less

FINANCIAL EXPENSES

 

 

11.351

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

 

 

14.208

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

 

 

9.728

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

 

 

4.480

 

 

 

 

 

Less

TAX

 

 

1.300

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  

 

 

3.180

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

 

 

6.134

 

Components and Stores parts

 

 

1.104

 

Capital Goods

 

 

26.082

 

TOTAL IMPORTS

 

 

33.320

 

 

 

 

 

The above information has been parted by Mr. Hitesh Mehta (Chief Executive)

 

Note : Sole Proprietory and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

 

KEY RATIOS

 

PARTICULARS

 

 

 

 

31.03.2015

Net Profit Margin

(PAT / Sales)

(%)
 

 

1.93

 

 
 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)
 

 

2.72

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 
 

 

0.31

 

 
 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 
 

 

4.93

 

 

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

Yes

5

Buyer visit details

--

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)

Yes

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

No

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

Yes

26

Turnover of firm for last one year

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last one year

Yes

30

Major shareholders, if available

No

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

 

 

TRADE REFRENCE

 

1.

J Maheshkumar and Company – Mr. Chetan Bhai – 28501827

 

 

2.

Govardhan Energy – Mr. N Damani - 9920699048

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

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

 

1]         INFORMATION ON DESIGNATED PARTY

No records 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.64.03

UK Pound

1

Rs.99.27

Euro

1

Rs.71.89

 

 

INFORMATION DETAILS

 

Information Gathered by :

KMN

 

 

Analysis Done by :

KIN

 

 

Report Prepared by :

SUD

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILITY

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

5

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

YES

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

46

 

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

 

--

 

 

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

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