|
Report No. : |
350583 |
|
Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
GOKUL AGRI INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
State Highway No.41, Near Sujanpur Patia, Sidhpur – 384 151, District Patan,
Gujarat |
|
Tel. No.: |
91-2767-222075/ 220975 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
Not Available |
|
|
|
|
Date of
Incorporation : |
23.05.2014 |
|
|
|
|
Com. Reg. No.: |
04-079574 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.820
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15143GJ2014PLC079574 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importers of edible oil. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a de-merge entity from “Gokul Refoils and Solvent Limited” (GRSL). The de-merged entities from GRSL are (Gokul Agro Resources Limited GARL, Gandhidham unit) and Gokul Agri International Limited (GAIL, Sidhpur unit) as currently all the entities are operating under the same brand, besides having a common management structure. Gokul Refoils and Solvent Limited has transferred its Sidhpur unit operation to the subject company. The rating takes into accounts on long track record of its promoters in the edible oil industry and diversified product portfolio. The de-merger has recently received the approval and sanction from Hon’ble High Court of Gujarat with the effective date being January 01, 2015 same has been confirmed by the management. As per our old data base record Mr. Ritesh Suthar (Finance Manager) of the company confirmed that its business activities has been started from its date of inception. In view of strong operational and financial synergies with parent company, the company can be considered for business dealings with some cautions. Note: As per registrar of companies the date of balance sheet (i.e. financial filed) is shown as 31.03.2015 but the documents related to the financials are not been available from any sources. |
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 |
ICRA |
|
Rating |
Long Term Fund Based-Cash Credit: BBB |
|
Rating Explanation |
Moderate degree of safety and carry moderate credit risk. |
|
Date |
August, 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-Fund Based Limits: A3+ |
|
Rating Explanation |
Moderate degree of safety and carry higher credit risk. |
|
Date |
August, 2015 |
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. Ritesh Sutar |
|
Designation : |
Finance
Department |
|
Contact No.: |
91-79-61905500 |
|
Date : |
18.11.2015 |
LOCATIONS
|
Registered Office/ Factory : |
State Highway No.41, Near Sujanpur Patia, Sidhpur – 384 151, District
Patan, Gujarat, India |
|
Tel. No.: |
91-2767-222075/ 220975 |
|
Fax No.: |
91-2767-223475 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office : |
“Gokul House”, 43-Shreemali Co-Operative Housing Society Limited,
Opposite Shikhar Building, Navrangpura, Ahmedabad – 380 009, Gujarat, India |
|
Tel. No.: |
91-79-61905500/ 66615253/ 54/ 55 |
|
Fax No.: |
91-79-61905537/ 61905598 |
|
E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
|
Name : |
Mr. Balvantsinh Chandansinh Rajput |
|
Designation : |
Managing Director |
|
Address : |
12,
Ambika Nagar Society, Opposite GEB, Sidhpur – 384 151, Gujarat, India |
|
Date of Appointment : |
23.05.2014 |
|
DIN No.: |
00315565 |
|
|
|
|
Name : |
Mr. Kanubhai Jivatram Thakkar |
|
Designation : |
Additional Director |
|
Address : |
29,
Ambika Nagar Society, Opposite GEB, Sidhpur – 384 151, Gujarat, India |
|
Date of Appointment : |
20.04.2015 |
|
DIN No.: |
00315616 |
|
|
|
|
Name : |
Mr. Piyushchandra Ramchandra Vyas |
|
Designation : |
Additional Director |
|
Address : |
'Hari
Om', 29/B, Vasuki Society, Vasna, Ahmedabad – 380 007, Gujarat, India |
|
Date of Appointment : |
20.04.2015 |
|
DIN No.: |
01260934 |
|
|
|
|
Name : |
Mr. Dipooba Halaji Devada |
|
Designation : |
Additional Director |
|
Address : |
35/3,
Adyapak Nivas, Gujarat Vidyapith, Ashram Road, Ahmedabad – 380 014, Gujarat,
India |
|
Date of Appointment : |
20.04.2015 |
|
DIN No.: |
01849583 |
|
|
|
|
Name : |
Mr. Karansinghji Dolatsinghji Mahida |
|
Designation : |
Additional Director |
|
Address : |
1759/B,
Sector-2D, Sector-2, Gandhinagar – 382 002, Gujarat, India |
|
Date of Appointment : |
20.04.2015 |
|
DIN No.: |
02237323 |
|
|
|
|
Name : |
Mr. Bipinkumar Jayantilal Thakkar |
|
Designation : |
Additional Director |
|
Address : |
B-33
Upasana Co-Operative Housing Society Limited, S. No.315, On the Canal from
Ghodasar to Vatva, Maninagar, Ahmedabad – 380 008, Gujarat, India |
|
Date of Appointment : |
20.04.2015 |
|
DIN No.: |
06782371 |
KEY EXECUTIVES
|
Name : |
Mr. Ritesh |
|
Designation : |
Finance
Department |
|
|
|
|
Name : |
Pravinkumar Kantilal Prajapati |
|
Designation : |
CFO |
|
Address : |
7/54, Kahoda, Sidhpur, Unjha, Mehsana, 384130, Gujarat, India |
|
Date of appointment : |
26.09.2015 |
|
PAN No.: |
ANEPP0107C |
|
|
|
|
Name : |
Kalpesh Punamchand Desai |
|
Designation : |
Secretary |
|
Address : |
7, Tulsi Raw House,, Jodhpur Village Road, Ahmedabad - 380015, Gujarat, India |
|
Date of appointment : |
26.09.2015 |
|
PAN No.: |
ACCPD0329D |
MAJOR SHAREHOLDERS
AS ON 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Gokul Refoils and
Solvent Limited, India (Representative Bipinkumar Thakkar) |
|
49994 |
|
Balvantsinh
Rajput (Nominee of Gokul
Refoils and Solvent Limited, India) |
|
1 |
|
Bhikhiben
Rajput (Nominee of Gokul
Refoils and Solvent Limited, India) |
|
1 |
|
Dharmendrakumar
Rajput (Nominee of Gokul
Refoils and Solvent Limited, India) |
|
1 |
|
Digeeshsinh Rajput (Nominee of Gokul Refoils and Solvent Limited, India) |
|
1 |
|
Heena Rajput (Nominee of Gokul Refoils and Solvent Limited, India) |
|
1 |
|
Rashmiben Rajput (Nominee of Gokul Refoils and Solvent Limited, India) |
|
1 |
|
Total |
|
50000 |
AS ON 12.08.2015
|
Name of Allottee |
No. of shares |
|
Gokul Refoils and Solvent Limited, India |
81950000 |
|
|
|
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importers of edible oil. |
|
|
|
|
Products : |
Edible Oil |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
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|
Exports : |
|
|
Products : |
Edible Oils |
|
Countries : |
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Imports : |
|
|
Products : |
Raw Material |
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Countries : |
|
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|
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Terms : |
|
|
Selling : |
Cash, Advance Payment, Cheque and Credit |
|
|
|
|
Purchasing : |
Cash, Advance Payment, Cheque and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
500 (Approximately) |
||||||||||||||||||||||
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||||||||||||||||||||||
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Bankers : |
|
|
Auditors : |
|
|
Name : |
M.R. Pandhi and Associates Chartered Accountants |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Holding Company : |
Gokul Refoils and Solvent Limited Unit 1: 89, Meghpar-Borichi, Galpadar Road, Near Sharma Resort, Ta-Anjar,
District Kutch – 370110, Gujarat, India Tel. No.: 91-2836-24070 Unit 2 : N.H. No.-8, Near
Kamrej Sugar Factory, At: Navi Pardi, Ta: Kamrej, Dist.: Surat, Gujarat,
India Unit 3 : J.L.N. 149, Plot
No Near Essar Petrol Pump, HPL Link Road, P.O. Debhog City Centre, P.S.
Bhabanipur, Haldia Purba – Medanipur – 721657, West Bengal, India Tel. No.: 91-3224-252839 |
CAPITAL STRUCTURE
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
86000000 |
Equity Shares |
Rs.10/- each |
Rs. 860.000
million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
82000000 |
Equity Shares |
Rs.10/- each |
Rs. 820.000
million |
|
|
|
|
|
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500
million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
15000.000 |
|
|
|
|
|
Expected Sales (2015-16): Rs. 17000.000 Million
The above information has been parted by Mr. Ritesh Sutar (Finance
Department)
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 |
No |
|
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 |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
No |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
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 three years |
No |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
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, 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.66.11 |
|
UK Pound |
1 |
Rs.101.03 |
|
Euro |
1 |
Rs.70.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.