MIRA INFORM REPORT

 

 

Report No. :

347541

Report Date :

03.11.2015

 

IDENTIFICATION DETAILS

 

Name :

DINESH PHARMACEUTICAL PRIVATE LIMITED

 

 

Registered Office :

Yamuna Kunj Mahavir Colony, Raj Mahal Road, Vadodara – 390001, Gujarat

Tel. No.:

91-265-2421041

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

06.07.1982

 

 

Com. Reg. No.:

04-005307

 

 

Capital Investment / Paid-up Capital :

Rs. 11.381 Million

 

 

CIN No.:

[Company Identification No.]

U24231GJ1982PTC005307

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company.

 

 

Line of Business :

Manufacturer and Exporter of Paracetamol.

 

 

No. of Employees :

64 (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 :

Slow and Delayed

 

 

Litigation :

Exists

 

 

Comments :

Subject was incorporated on 6th July, 1982. It has moderate track record.

 

The company has incurred huge accumulated loss from its operations which has eroded the networth of the company.

 

However, business is active. Payment are slow and delayed.

 

The company can be considered for business dealing on a safe and secured trade terms and conditions.

 

Note:

 

Subject has been found under RBI Defaulter’s list the name of Credit Grantors is Bank of Baroda and the amount charged is Rs. 19.000 Million dated 31.03.2015.

 

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 has been found enlisted as a defaulter in the publicly available RBI Defaulters’ list and the details of the same are as under:

 

Borrowers’ Name :

DINESH PHARMACEUTICAL PRIVATE LIMITED

Address :

YAMUNAKUNJ, MAHAVIR COLONY, RAJMAHAL ROAD, BARODA GUJARAT INDIA

Name of Individual :
  • HANSAL J. PATEL
  • JAMNADAS V. PATEL
  • NEELABEN J. PATEL

Name of Credit Grantors / Bank & Branch:

BANK OF BARODA, NANDESARI

Amount (Rs. In Million) :

19.000

 

 

Suit-filed accounts of Rs. 10.000 Million and above

 

Bank

Branch

Quarter

Borrower Name

Directors Name

Outstanding Amount

(Rs. In Million)

Bank of Baroda

Nandesari

31.03.2015

Dinesh Pharmaceutical Private Limited

Jamndas V. Patel

Hansal J. Patel

19.000

Bank of Baroda

Nandesari Ind. Estate

31.03.2002

Dinesh Pharmaceutical Private Limited

Hansal J. Patel

Jamndas V. Patel

 

29.500

 

 

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 31-03-2015.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Jamnadas Patel

Designation :

Director

Contact No.:

91-9824047212

Date :

28.10.2015

 

 

LOCATIONS

 

Registered Office :

Yamuna Kunj Mahavir Colony, Raj Mahal Road, Vadodara – 390001, Gujarat, India

Tel. No.:

91-265-2421041

Mobile No.:

91-9824047212 (Mr. Jamnadas Patel)

Fax No.:

91-265-2421041

E-Mail :

dppl_dinesh@yahoo.com

Area :

2200 sq. ft.

Location :

Owned

 

 

Head Office :

109/3/4/5, GIDC, Nandesari, Vadodara – 391340, Gujarat, Ind

Area :

2386 Sq. Mtr.

Location :

Owned

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Jamnadas Vishnubhai Patel

Designation :

Managing Director

Address :

Yamunakunj, Mahavir Colony, Rajmahal Road, Vadodara – 390001, Gujarat, India

Date of Birth/Age :

01.12.1949

Date of Appointment :

06.07.1982

DIN No.:

01532456

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U24231GJ1982PTC005307

DINESH PHARMACEUTICAL PVT LTD

Managing director

06/07/1982

06/07/1982

-

Active

NO

2

U65910GJ1983PTC006299

V PRASADANDSONS ESTATE INVESTMENTS PVT LTD

Director

14/06/1983

14/06/1983

-

Active

NO

 

 

Name :

Hansal Jamnadas Patel

Designation :

Whole-Time Directo

Address :

Mahavir Colony, Rajmahal Road, Vadodara – 390001, Gujarat, India

Date of Birth/Age :

03.12.1974

Date of Appointment :

15.11.1996

DIN No.:

01532463

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U65910GJ1983PTC006299

V PRASADANDSONS ESTATE INVESTMENTS PVT LTD

Director

15/11/1996

15/11/1996

-

Active

NO

2

U24231GJ1982PTC005307

DINESH PHARMACEUTICAL PVT LTD

Whole-time director

15/11/1996

15/11/1996

-

Active

NO

 

 

MAJOR SHAREHOLDERS

 

AS ON 30.09.2014

 

Names of Shareholders

 

No. of Shares

Vinshnubhai A Patel

 

125210

Jamnadas V Patel

 

332015

Nilaben J Patel

 

221090

Krishnakant V Patel

 

48025

Mukeshbhai V Patel

 

92130

Hansal J Patel

 

8830

Nishant J Patel

 

16555

Shataben V Patel

 

46475

Purnimaben M Patel

 

26640

Ritaben K Patel

 

45150

Master Neel K Patel

 

10000

V. Prasad and Sons Est. Inv. Private Limited, India

 

88810

Jashbhai M Amin

 

15525

Savitaben Amin Jt. With Bhaskar J. Amin

 

8050

Shardaben S Amin

 

4440

Vijyaben Vinodbhai Yadav

 

16280

Kusumben C Yadav

 

1850

Ranjanben M Yadav

 

7400

Vijayben Vinodbhai Yadav

 

5180

Vijayben Vinodbhai Yadav

 

5180

Avni Ravi Patel

 

2500

Punambhai C. Patel

 

1500

Ravi Rohitbhai Patel

 

1000

Dinubhai M Patel

 

1000

Bhaskar J Amin Jt. With Vinaben B Amin

 

7275

 

 

 

Total

 

1138110

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2014

 

Category

Percentage

Bodies corporate

7.80

Directors or relatives of Directors

85.00

Other top fifty shareholders

7.20

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Paracetamol.

 

 

Products :

Not Divulged

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :

USA

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cash, L/C and Credit

 

 

Purchasing :

Cash, L/C and Credit

 

 

GENERAL INFORMATION

 

Suppliers :

Not Divulged

Reference :

Panoli Intermediates (India) Private Limited – Nandesari

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Not Divulged

Reference :

Procter and Gamble Hygiene and Healthcare Limited – Mumbai

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees :

64 (Approximately)

 

 

Bankers :

Banker Name

Bank of Baroda

Branch Address

GIDC, Nandsari, Vadodara, Gujarat, 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)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

BANK OF BARODA :

 

 

Cash credit

9.764

9.764

Bill Discount

0.295

0.295

Book debts

7.879

8.929

Funded Interest Term loan

2.976

2.976

Working capital term loan

0.001

0.001

Packing credit

7.977

7.977

COSMOS CO.OP. BANK

 

 

Term loan

1.780

1.780

Bill Discounting

13.200

13.200

Kotak Mahindra Bank Limited (Against Security of Motor Car)

0.330

0.329

Uma Co-operative Bank Machinery Loan

0.099

0.099

 

 

 

 

 

 

Total

44.301

45.350

 

Auditors :

 

Name :

C. G. Pradhan and Company

Chartered Accountants

Address :

Near Raopura Police Station, Opposite Sidhheswar Temple, Raopura, Vadodara – 390001, Gujarat, India

Mob. No.:

91-7567913934

PAN No.:

ACQPP5818H

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

--

 

 

CAPITAL STRUCTURE

 

AS ON 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1250000

Equity Shares

Rs.10/- each

Rs. 12.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1138110

Equity Shares

Rs.10/- each

Rs. 11.381 Million

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

 

SOURCES OF FUNDS

 

31.03.2014

31.03.2013

31.03.2012

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

11.381

11.381

11.381

(b) Reserves & Surplus

(103.823)

(96.243)

(92.203)

(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)

(92.442)

(84.862)

(80.822)

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

47.409

48.459

48.459

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

2.794

2.795

2.881

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

50.203

51.254

51.340

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

22.207

18.023

14.350

(b) Trade payables

57.366

53.879

55.222

(c) Other current liabilities

1.528

2.068

2.102

(d) Short-term provisions

0.890

0.394

0.463

Total Current Liabilities (4)

81.991

74.364

72.137

 

 

 

 

TOTAL

39.752

40.756

42.655

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

4.166

2.747

3.189

(ii) Intangible Assets

0.001

0.004

0.009

(iii) Capital work-in-progress

2.040

2.040

2.040

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.842

0.842

0.842

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

2.879

2.879

2.879

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

9.928

8.512

8.959

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

5.040

0.313

0.517

(c) Trade receivables

20.599

22.517

23.284

(d) Cash and cash equivalents

2.287

2.487

2.300

(e) Short-term loans and advances

1.898

6.927

7.595

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

29.824

32.244

33.696

 

 

 

 

TOTAL

39.752

40.756

42.655

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

 

31.03.2013

31.03.2012

 

 

 

 

 

 

GROSS PROFIT

4.791

2.820

39.380

 

 

 

 

 

Less

EXPENSES

NA

NA

NA

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

(6.866)

(3.591)

0.202

 

 

 

 

 

Less

FINANCIAL EXPENSES                                   

0.115

0.001

0.083

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

(6.981)

(3.592)

0.119

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

0.598

0.447

0.524

 

 

 

 

 

 

PROFIT BEFORE TAX

(7.579)

(4.039)

(0.405)

 

 

 

 

 

Less

TAX                                                                 

0.000

0.000

0.000

 

 

 

 

 

 

PROFIT AFTER TAX

(7.579)

(4.039)

(0.405)

 

 

 

 

 

 

Earnings Per Share (Rs.)

(6.65)

(3.54)

(0.36)

 

 

Particulars

 

 

 

31.03.2015

Sales Turnover (Approximately)

 

 

60.000

 

 

 

 

 

Expected Sales (2015-16): Rs. 60.000 Million

 

The above information has been parted by Mr. Jamnadas Patel (Director)

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

Net cash flow from (used in) operation

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

(158.19)

(143.23)

(1.03)

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

(143.31)

(127.34)

0.51

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

(20.56)

(10.66)

(1.02)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.08

0.05

0.01

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

(0.75)

(0.78)

(0.78)

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.36

0.43

0.47

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

11.381

11.381

11.381

Reserves & Surplus

(92.203)

(96.243)

(103.823)

Share Application money pending allotment

0.000

0.000

0.000

Net worth

(80.822)

(84.862)

(92.442)

 

 

 

 

long-term borrowings

48.459

48.459

47.409

Short term borrowings

14.350

18.023

22.207

Total borrowings

62.809

66.482

69.616

Debt/Equity ratio

(0.777)

(0.783)

(0.753)

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Gross Income

39.380

2.820

4.791

 

 

(92.839)

69.894

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Gross Income

39.380

2.820

4.791

Profit

(0.405)

(4.039)

(7.579)

 

(1.03%)

(143.23%)

(158.19%)

 

 

 

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

----

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

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

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

---

28

Estimation for coming financial year

Yes

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

Yes

33

Market information

----

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

LITIGATION DETAILS

 

HIGH COURT OF GUJARAT

 

SPECIAL CIVIL APPLICATION No. 17247 of 2012

Status : PENDING

( Converted from : ST/17037/2012 )

CCIN No : 001021201217247

 

 

Last Listing Date:

21/08/2014

Coram

HONOURABLE MR.JUSTICE S.H.VORA

S.NO.

Name of the Petitioner

Advocate On Record

1
2
3

M/S. POOJA PHAARMA A PARTNERSHIP FIRM
DAKSHAY BHOGILAL THAKKAR PARTNER, M/S. POOJA PHAARMA
DHRUTIKA DAKSHAY THAKKAR PARTNER, M/S. POOJA PHAARMA

MR RASESH H PARIKH for: Petitioner(s)  1
MR HM PARIKH for: Petitioner(s)  1 - 3

S.NO.

Name of the Respondant

Advocate On Record

1

DINESH PHARMACEUTICALS PRIVATE LIMITED

MR JR DAVE for :Respondent(s)  1
MR.VISHAL J DAVE for :Respondent(s)  1

 

Presented On

: 26/12/2012

Registered On

: 27/12/2012

Bench Category

: SINGLE BENCH

District

: VADODARA

Case Originated From

: THROUGH HIS/HER/THEIR ADVOCATE

Listed

: 30 times

StageName

: FOR FINAL HEARING

 

Classification

SJ - NON-SERVICE - LOWER COURT - CODE OF CIVIL PROCEDURE, 1908 - SUMMARY SUIT UNDER ORDER - 37

Act

CIVIL PROCEDURE CODE, 1908

 

 

Office Details

 

S. No.

Filing Date

Document Name

Advocate Name

Court Fee on Document

Document Details

1

15/08/2012

VAKALATNAMA

KEDAR B BINIWALE ADVOCATE
for RESPONDENT(s)  1

-

KEDAR B BINIWALE:1

2

15/08/2012

VAKALATNAMA

MR HM PARIKH ADVOCATE
for PETITIONER(s)  1

-

MR HM PARIKH:1-3

3

15/08/2012

VAKALATNAMA

MR RASESH H PARIKH ADVOCATE
for PETITIONER(s)  1

-

MR RASESH H PARIKH:1

4

26/12/2012

CERTIFIED COPY

MR HM PARIKH ADVOCATE
for PETITIONER(s)  1

2

MR HM PARIKH:1-3

5

26/12/2012

VAKALATNAMA

MR HM PARIKH ADVOCATE
for PETITIONER(s)  1

5

MR HM PARIKH:1-3

6

26/12/2012

MEMO OF PETITION/APPEAL/SUIT

MR HM PARIKH ADVOCATE
for PETITIONER(s)  1

50

MR HM PARIKH:1-3

7

28/01/2013

AFFIDAVIT OF DS

MR HM PARIKH ADVOCATE
for PETITIONER(s)  1

0

MR HM PARIKH:1-3

8

01/02/2013

VAKALATNAMA

KEDAR B BINIWALE ADVOCATE
for RESPONDENT(s)  1

5

KEDAR B BINIWALE:1

9

25/03/2013

AFFIDAVIT IN REPLY

KEDAR B BINIWALE ADVOCATE
for RESPONDENT(s)  1

0

KEDAR B BINIWALE:1

10

05/08/2014

AFFIDAVIT IN RE-JOINDER

MR HM PARIKH ADVOCATE
for PETITIONER(s)  1

0

MR HM PARIKH(574) for P:1

11

16/01/2015

VAKALATNAMA

MR.VISHAL J DAVE ADVOCATE
for RESPONDENT(s)  1

0

MR.VISHAL J DAVE(6515) for R:1

12

16/01/2015

VAKALATNAMA

MR JR DAVE ADVOCATE
for RESPONDENT(s)  1

5

MR JR DAVE(254) for R:1

 

Applications

 

S. No.

CaseDetail

Status Name

Disposal Date

Action/Coram

1

CIVIL APPLICATION/1024/2015

DISPOSED

04/03/2015

CA DISPOSED OF

HONOURABLE MR.JUSTICE S.R.BRAHMBHATT

 

Court Proceedings

 

S. No.

Notified Date

CourtCode

Board Sr. No.

Stage

Action

Coram

1

28/12/2012

17

15

OFFICE OBJECTION REMOVED

NEXT DATE

HONOURABLE MR.JUSTICE M.D. SHAH

2

29/01/2013

17

55

FOR REGULAR ADMISSION

NEXT DATE

HONOURABLE MR.JUSTICE M.D. SHAH

3

05/03/2013

17

45

NOTICE & ADJOURNED MATTERS

NEXT DATE

HONOURABLE MR.JUSTICE M.D. SHAH

4

26/03/2013

17

63

NOTICE & ADJOURNED MATTERS

NEXT DATE

HONOURABLE MR.JUSTICE G.B.SHAH

5

10/04/2013

17

73

NOTICE & ADJOURNED MATTERS

NEXT DATE

HONOURABLE MR.JUSTICE G.B.SHAH

6

03/05/2013

17

63

NOTICE & ADJOURNED MATTERS

NEXT DATE

HONOURABLE MR.JUSTICE G.B.SHAH

7

19/06/2013

16

70

NOTICE & ADJOURNED MATTERS

NEXT DATE

HONOURABLE MR.JUSTICE G.B.SHAH

8

05/07/2013

16

59

NOTICE & ADJOURNED MATTERS

NEXT DATE

HONOURABLE MR.JUSTICE G.B.SHAH

9

02/08/2013

16

72

NOTICE & ADJOURNED MATTERS

NEXT DATE

HONOURABLE MR.JUSTICE G.B.SHAH

10

23/08/2013

12

64

NOTICE & ADJOURNED MATTERS

NEXT DATE

HONOURABLE SMT. JUSTICE ABHILASHA KUMARI

HONOURABLE MR.JUSTICE G.B.SHAH

11

18/09/2013

12

54

NOTICE & ADJOURNED MATTERS

NEXT DATE

HONOURABLE SMT. JUSTICE ABHILASHA KUMARI

12

10/10/2013

12

42

NOTICE & ADJOURNED MATTERS

NEXT DATE

HONOURABLE SMT. JUSTICE ABHILASHA KUMARI

13

18/11/2013

12

32

NOTICE & ADJOURNED MATTERS

NEXT DATE

HONOURABLE SMT. JUSTICE ABHILASHA KUMARI

14

05/12/2013

12

47

NOTICE & ADJOURNED MATTERS

NEXT DATE

HONOURABLE SMT. JUSTICE ABHILASHA KUMARI

15

18/12/2013

12

42

NOTICE & ADJOURNED MATTERS

NEXT DATE

HONOURABLE SMT. JUSTICE ABHILASHA KUMARI

16

24/01/2014

13

43

NOTICE & ADJOURNED MATTERS

NEXT DATE

HONOURABLE SMT. JUSTICE ABHILASHA KUMARI

HONOURABLE MR.JUSTICE K.M.THAKER

17

12/02/2014

13

39

NOTICE & ADJOURNED MATTERS

NEXT DATE

HONOURABLE MR.JUSTICE K.M.THAKER

18

13/03/2014

13

40

NOTICE & ADJOURNED MATTERS

NEXT DATE

HONOURABLE MR.JUSTICE K.M.THAKER

19

16/04/2014

13

50

NOTICE & ADJOURNED MATTERS

NEXT DATE

HONOURABLE MR.JUSTICE K.M.THAKER

20

18/06/2014

12

44

NOTICE & ADJOURNED MATTERS

NEXT DATE

HONOURABLE SMT. JUSTICE ABHILASHA KUMARI

HONOURABLE MR.JUSTICE K.M.THAKER

21

08/07/2014

11

48

NOTICE & ADJOURNED MATTERS

NEXT DATE

HONOURABLE SMT. JUSTICE ABHILASHA KUMARI

22

31/07/2014

11

46

NOTICE & ADJOURNED MATTERS

NEXT DATE

HONOURABLE SMT. JUSTICE ABHILASHA KUMARI

23

21/08/2014

21

34

NOTICE & ADJOURNED MATTERS

RULE/ADMIT

HONOURABLE SMT. JUSTICE ABHILASHA KUMARI

HONOURABLE MR.JUSTICE S.H.VORA

 

Available Orders

 

S. No.

Case Details

Judge Name

Order Date

CAV

Judgement

Questions

Transferred

Download

1

SPECIAL CIVIL APPLICATION/17247/2012

HONOURABLE MR.JUSTICE M.D. SHAH

28/12/2012

N

ORDER

-

Y

Download

2

SPECIAL CIVIL APPLICATION/17489/2012

HONOURABLE MR.JUSTICE KS JHAVERI

22/01/2013

N

ORDER

-

Y

Download

3

SPECIAL CIVIL APPLICATION/17247/2012

HONOURABLE MR.JUSTICE S.H.VORA

21/08/2014

N

ORDER

-

Y

Download

 

 

UNSECURED LOAN

 

Particulars

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Shri Punambhai C  Patel

1.772

1.772

Avaniben D Patel

1.064

1.064

Shri P.C. Patel and Ravibhai R Patel

0.272

0.273

SHORT TERM BORROWING

 

 

From Directors

14.922

13.568

From Members

4.285

4.455

From Companies

3.000

0.000

Total

25.315

21.132

 

 

 

 

 

INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

90374358

09/05/1987 *

250,000.00

STATE BANK OF SAURASHTRA

VADODARA, VADODARA, Gujarat, INDIA

-

2

90374356

01/02/1988 *

250,000.00

STATE BANK OF SAURASHTRA

VADODARA, VADODARA, Gujarat, INDIA

-

3

90374241

01/02/1988 *

800,000.00

STATE BANK OF SAURASHTRA

VADODARA, VADODARA, Gujarat, INDIA

-

4

90374228

29/09/1982

112,500.00

STATE BANK OF SAURASHTRA

BARODA, BARODA, Gujarat, INDIA

-

5

90374185

30/07/1987 *

250,000.00

STATE BANK OF SAURASHTRA

BARODA, BARODA, Gujarat, INDIA

-

 

 

* Date of charge modification

 

FIXED ASSETS

 

 

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 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. 65.48

UK Pound

1

Rs. 101.06

Euro

1

Rs. 72.22

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

JYO

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

2

OPERATING SCALE

1~10

2

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

2

--PROFITABILITY

1~10

1

--LIQUIDITY

1~10

1

--LEVERAGE

1~10

1

--RESERVES

1~10

1

--CREDIT LINES

1~10

1

--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

YES

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

YES

--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

 

--

 

 

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.