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MIRA INFORM REPORT
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Report No. : |
503933 |
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Report Date : |
18.04.2018 |
IDENTIFICATION DETAILS
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Name : |
GANESH GRAINS LIMITED (w.e.f. 05.02.2011) |
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Formerly Known
As : |
GANESH GRAINS PRIVATE LIMITED (w.e.f. 04.01.2011) GANESH WHEAT PRODUCTS PRIVATE LIMITED |
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Registered
Office : |
88, Burtolla Street, Kolkata – 700007, West Bengal |
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Tel. No.: |
91-33-22686160/ 22725761/ 22735009 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
09.03.2000 |
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Com. Reg. No.: |
21-091315 |
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Capital
Investment / Paid-up Capital : |
INR 161.063 Million |
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CIN No.: [Company Identification
No.] |
U15311WB2000PLC091315 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AABCG8539N |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
19AABCG8539N1ZX |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Wheat Products, Powders of Cereals and Pulses, Ready to cook / Instant Items and Snacks (Bhujia and Namkeen). (Registered Activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 2100000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2000 and it
is having a good track. As per Registrar of Companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2017 but the documents related to the
financial for the year 2017 are not available from any sources. For the financial year 2016, the company has increased in its revenue
from operations as compared to previous year and maintained average
profitability margin of 1.66%. Rating takes into consideration sound financial profile of the company
marked by healthy networth base and average debt balance sheet. Further, rating also reflects from its established track record of
business operations along with market position and improvement in the revenue
as well as profitability profile during the year. Trade relations are reported as fair. Business is active. Payments are
seems to be regular. In view of aforesaid, the company can be considered for business
dealings at 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
SMERA |
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Rating |
Long term rating : BBB+ |
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Rating Explanation |
Moderate degree of safety and moderate credit risk |
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Date |
15.05.2017 |
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
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 18.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Ms. Indrani Chakrawarthy |
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Designation : |
Admin Department |
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Contact No.: |
91-33-40157900 |
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Date : |
14.04.2018 |
LOCATIONS
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Registered Office/ Retail Outlet : |
88, Burtolla Street, Kolkata – 700007, West Bengal, India |
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Tel. No.: |
91-33 22686160/ 22725761/ 22735009 |
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Fax No.: |
91-33-40157912 |
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E-Mail : |
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Website : |
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Sales / Marketing
Office: |
174, Chittaranjan Avenue, 4th Floor, Kolkata-700007, West Bengal, India |
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Tel. No.: |
91-33-40157900 |
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Fax No.: |
91-33-40157912 |
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E-Mail : |
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Corporate Office : |
25A, 4th Floor, Shakespears Sarani, Kolkata – 700017, West Bengal, India |
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Factory 1 : |
Plot No. 59/A, EPIP Industrial Park, Pashamylaram, District- Medak, Hyderabad- 502307, Telangana, India |
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Factory : |
Also located at :
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DIRECTORS
As on 31.03.2017
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Name : |
Mr. Manish Kumar Mimani |
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Designation : |
Managing Director |
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Address : |
32, Rowland Road, Kolkata-700020, West Bengal, India |
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Date of Birth/Age : |
22.01.1974 |
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Date of Appointment : |
01.05.2011 |
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DIN No.: |
00824942 |
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Other
Directorship:
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Name : |
Mr. Suresh Prasad Gupta |
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Designation : |
Director |
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Address : |
32/4, Sahitya Parishad Street, Kolkata-700006, West Bengal, India
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Date of Birth/Age : |
22.11.1947 |
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Date of Appointment : |
29.09.2012 |
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DIN No.: |
01121904 |
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Other
Directorship:
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Name : |
Benu Gopal Bagri |
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Designation : |
Director |
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Address : |
19A, Prannath Pandit Street, Flat No- 2B, Kolkata-700025, West Bengal,
India |
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Date of Birth/Age : |
01.03.1966 |
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Date of Appointment : |
31.03.2014 |
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DIN No.: |
01756104 |
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Other Directorship:
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Name : |
Mr. Madhu Mimani |
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Designation : |
Director |
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Address : |
32, Rowland Road, Kolkata-700020, West Bengal, India |
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Date of Appointment : |
01.04.2016 |
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DIN No.: |
00825099 |
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Other
Directorship:
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Name : |
Mr. Amit Choudhary |
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Designation : |
Nominee Director |
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Address : |
171/1C, Kalpataru Estate Jogeshwari, Vikroli Link Road, Andheri
(East), Mumbai 400093, Maharashtra, India |
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Date of Appointment : |
07.10.2016 |
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DIN No.: |
07415690 |
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Other
Directorship:
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KEY EXECUTIVES
|
Name : |
Ms. Priyanka Sarda |
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Designation : |
Chief Financial Officer |
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Address : |
66/1/3 Shibpur Road, Mandir Tala, Howrah-711102, West Bengal, India |
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Date of Appointment : |
04.04.2017 |
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PAN No.: |
BIMPS3653J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Mahesh Kumar Mimani |
|
3148246 |
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Madhu Mimani |
|
203784 |
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Manish Kumar Mimani (HUF) |
|
32000 |
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India Business Excellence Fund – II |
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3328926 |
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India Business Excellence Fund – IIA |
|
6462038 |
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Manoj Mercantile Credit Private Limited, India |
|
8907400 |
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Backbone Sales Private Limited, India |
|
9077760 |
|
New Age Import Private Limited, India |
|
6926200 |
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New Age Import Private Limited-Nominee |
|
200 |
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Benu Gopal Bagri |
|
200 |
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Sunil Chandak |
|
200 |
|
Anand Kumar Bardia |
|
200 |
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Total |
|
38087154 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
8.88496421 |
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Promoters (Body corporate) |
65.4067248 |
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Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
0.00157533 |
|
Public/Other than promoters (Body corporate) |
25.70673566 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Wheat Products, Powders of Cereals and Pulses, Ready to cook / Instant Items and Snacks (Bhujia and Namkeen). (Registered Activity) |
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Products : |
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Brand Names : |
“GANESH” |
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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 : |
Not Divulged |
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Bankers (As on 2016) : |
Kotak Mahindra Bank Limited, 41 A and B, K.K.T. Street, Kolkata-700007, West Bengal, India |
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Facilities : |
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Auditors : |
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Name : |
R Kothari and Company Chartered Accountants |
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Address : |
16 A, Shakespeare Sarani, Kolkata-700007, West Bengal, India |
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Income-tax
PAN of auditor or auditor's firm : |
AASFR7366B |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiaries (As on 31.03.2017): |
·
Shree Venkatesh Agro Foods Private Limited CIN No.: U15315WB1999PTC089419 ·
Gobardhan Agri Flour Mills Private Limited CIN No.: U15311WB2004PTC223200 |
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|
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Associate (As on 31.03.2016): |
Backbone Sales Private Limited CIN No.: U63090WB1994PTC066705 |
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
38920000 |
Equity Shares |
INR 10/- each |
INR 389.200 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
38087154 |
Equity Shares |
INR 10/- each |
INR 380.872
Million |
|
|
|
|
|
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16875000 |
Equity Shares |
INR 10/- each |
INR 168.750 Million |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16106288 |
Equity Shares |
INR 10/- each |
INR 161.063
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
161.063 |
152.313 |
152.313 |
|
(b) Reserves and Surplus |
571.604 |
484.367 |
417.886 |
|
(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) |
732.667 |
636.680 |
570.199 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
392.972 |
394.321 |
337.061 |
|
(b) Deferred tax liabilities (Net) |
33.252 |
31.458 |
17.063 |
|
(c) Other long-term
liabilities |
56.816 |
93.252 |
93.935 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
483.040 |
519.031 |
448.059 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
676.184 |
402.503 |
456.436 |
|
(b) Trade
payables |
50.879 |
43.449 |
22.792 |
|
(c) Other
current liabilities |
142.130 |
145.326 |
144.267 |
|
(d) Short-term
provisions |
32.552 |
2.998 |
9.922 |
|
Total Current
Liabilities (4) |
901.745 |
594.276 |
633.417 |
|
|
|
|
|
|
TOTAL |
2117.452 |
1749.987 |
1651.675 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
948.415 |
1035.646 |
814.709 |
|
(ii)
Intangible Assets |
0.183 |
0.304 |
0.507 |
|
(iii) Tangible assets
capital work-in-progress |
57.242 |
4.233 |
137.616 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
83.300 |
25.060 |
25.060 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
24.795 |
18.339 |
19.625 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1113.935 |
1083.582 |
997.517 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
12.200 |
12.200 |
|
(b)
Inventories |
737.031 |
449.712 |
456.508 |
|
(c) Trade
receivables |
76.519 |
27.907 |
20.412 |
|
(d) Cash and
bank balances |
56.981 |
72.188 |
49.255 |
|
(e)
Short-term loans and advances |
132.986 |
104.398 |
115.783 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1003.517 |
666.405 |
654.158 |
|
|
|
|
|
|
TOTAL |
2117.452 |
1749.987 |
1651.675 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
4625.093 |
3124.998 |
2541.893 |
|
|
Other Income |
76.257 |
21.626 |
11.530 |
|
|
TOTAL |
4701.350 |
3146.624 |
2553.423 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3674.380 |
2440.971 |
2044.504 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(53.175) |
62.735 |
(47.556) |
|
|
Employee benefit expense |
52.549 |
46.565 |
36.567 |
|
|
CSR expenditure |
2.580 |
0.000 |
0.000 |
|
|
Other expenses |
619.257 |
273.364 |
246.083 |
|
|
Extraordinary items |
4.620 |
0.000 |
0.000 |
|
|
TOTAL |
4300.211 |
2823.635 |
2279.598 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
401.139 |
322.989 |
273.825 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
136.328 |
102.685 |
84.251 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
264.811 |
220.304 |
189.574 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
142.855 |
121.364 |
111.517 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
121.956 |
98.940 |
78.057 |
|
|
|
|
|
|
|
Less |
TAX |
45.238 |
32.459 |
26.944 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
76.718 |
66.481 |
51.113 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.76 |
4.36 |
3.36 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
96.927 |
118.409 |
121.054 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
22.207 |
331.827 |
55.412 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
6.04 |
3.26 |
2.93 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
60.44 |
111.98 |
124.53 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
5.05 |
6.50 |
4.07 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.54 |
0.72 |
0.60 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.40 |
0.31 |
0.29 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.66 |
0.63 |
0.66 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.59 |
1.44 |
1.60 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.23 |
0.93 |
1.11 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.37 |
1.63 |
1.67 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.94 |
3.15 |
3.25 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
1.66 |
2.13 |
2.01 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.62 |
3.80 |
3.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
10.47 |
10.44 |
8.96 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.11 |
1.12 |
1.03 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.30 |
0.36 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.35 |
0.36 |
0.35 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
7.24 |
6.01 |
6.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.11 |
1.12 |
1.03 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
152.313 |
152.313 |
161.063 |
|
Reserves & Surplus |
417.886 |
484.367 |
571.604 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
570.199 |
636.680 |
732.667 |
|
|
|
|
|
|
long-term borrowings |
337.061 |
394.321 |
392.972 |
|
Short term borrowings |
456.436 |
402.503 |
676.184 |
|
Current maturities of
long-term debts |
121.054 |
118.409 |
96.927 |
|
Total
borrowings |
914.551 |
915.233 |
1166.083 |
|
Debt/Equity
ratio |
1.604 |
1.438 |
1.592 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2541.893 |
3124.998 |
4625.093 |
|
|
|
22.940 |
48.003 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2541.893 |
3124.998 |
4625.093 |
|
Profit |
51.113 |
66.481 |
76.718 |
|
|
2.01
% |
2.13
% |
1.66
% |
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) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
No |
|
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 |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
GENERAL CORPORATE INFORMATION
(As on 31.03.2016)
The Company is one of the leading household brands in Wheat Products, powders of Cereals and Pulses, Ready to cook / Instant Items and Snacks (Bhujia & Namkeen).The Company is having its several manufacturing units across West Bengal and Telangana, which are equipped with best of Machinery and People.
UNSECURED LOAN
|
PARTICULAR |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from others |
0.000 |
60.586 |
|
Loans and advances from related parties |
60.100 |
37.104 |
|
Total |
60.100 |
97.690 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G12586251 |
100051285 |
ICICI BANK LIMITED |
15/07/2016 |
- |
150000000.0 |
LANDMARK RACE COURCE CIRCLE ALKAPURI BARODA GUJARAT 390015 INDIA |
|
2 |
C00130021 |
10484022 |
BANK OF INDIA |
14/03/2014 |
- |
142000000.0 |
KOLKATA MID CORPORATE BRANCH,5, B.T.M. SARANI, KOLKATA-700001, WEST BENGAL, INDIA |
|
3 |
G32598989 |
10483113 |
KOTAK MAHINDRA BANK LIMITED |
16/01/2014 |
29/12/2016 |
1290000000.0 |
27BKC, C 27, G BLOCK BANDRA KURLA COMPLEX, BANDRA (E),MUMBAI MAHARASHTRA 400051 INDIA |
|
4 |
G32597981 |
10412814 |
KOTAK MAHINDRA BANK LIMITED |
30/01/2013 |
29/12/2016 |
1290000000.0 |
27BKC, C 27, G BLOCK BANDRA KURLA COMPLEX, BANDRA (E),MUMBAI MAHARASHTRA 400051 INDIA |
|
5 |
A50834662 |
10129883 |
STATE BANK OF INDIA |
30/09/2008 |
- |
195000000.0 |
OVERSEAS BRANCH, KOLKATA SAMRIDDHI BHAVAN, BLOCK-A, 1, STRAND ROAD, KOLKATA-700001, WEST BENGAL, INDIA |
|
6 |
Y10360625 |
90252988 |
ABN. AMRO BANL |
23/06/2005 |
- |
2800000.0 |
18/A BRANOURNE ROAD KOLKATA 700001, WEST BENGAL, INDIA |
|
7 |
Y10361950 |
90254313 |
STATE BANK OF INDIA |
21/02/2004 |
12/09/1995 |
15000000.0 |
SSI BRANCH; BHOWANIPORE11; DR. U.N. BRAHMACHARI STREET KOLKATA WB 700017 IN |
|
8 |
Y10360422 |
90252785 |
STATE BANK OF INDIA |
07/08/2000 |
12/09/2005 |
15000000.0 |
SSI BRANCH; BHOWANIPORE11; DR. U.N. BRAHMACHARI STREET KOLKATA WB 700017 IN |
|
9 |
Y10361616 |
90253979 |
STATE BANK OF INDIA |
07/08/2000 |
- |
15000000.0 |
BHOWANIPORE SSI BRANCH11; DR. I.N. BRAHMACHARI STREET CALCUTTA WB 700017 IN |
|
10 |
Y10360388 |
90252751 |
STATE BANK OF INDIA |
23/03/1998 |
- |
8000000.0 |
MIDDLETON ROW BRANCH10; MIDDLETON ROW CALCUTTA WB 700071 IN |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
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
|
INR |
|
US Dollar |
1 |
INR 65.45 |
|
UK Pound |
1 |
INR 93.28 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information Gathered
by : |
AKS |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.