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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

485498

Report Date :

11.01.2018

 

IDENTIFICATION DETAILS

 

Name :

H.M. INDUSTRIAL PRIVATE LIMITED

 

 

Registered Office :

RS. No. 1035/1+2+3, Modasa Road, Kapadwanj, Kheda – 387620, Gujarat

Tel. No.:

91-2691-262343/ 262396

 

 

Country :

India

 

 

Financials (as on) :

Not Available

 

 

Date of Incorporation :

16.06.2016

 

 

Com. Reg. No.:

04-092510

 

 

Capital Investment / Paid-up Capital :

INR 370.000 Million

 

 

CIN No.:

[Company Identification No.]

U27205GJ2016PTC092510

 

 

IEC No.:

Not Divulged

 

 

TIN No:

24160200366

 

 

CST No:

24660200366

 

 

GSTIN:

Not Divulged

 

 

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 Various Grade of Castor Oil and Castor Seed Meal. 
  • Manufacturer of Cotton Bales, Cottonseeds Cake and Cotton Seed oil. (Registered Activity)

 

 

No. of Employees :

Not Divulged

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

C

 

Credit Rating

Explanation

Rating Comments

C

Medium High Risk

Business dealings permissible preferably on secured basis

 

Status :

Relatively New Business

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is a relatively new company incorporated during June 2016 and it is a manufacturer and trader of cotton oil, cotton oil cake, castor oil, cater oil cake, caster seeds and cotton seeds.

 

Management has failed to file its financials with government registry.

 

Further, management of the company is no-cooperative.

 

Rating takes into consideration the company’s unavailability of financials and limited track record of business operations.

 

Payments terms are reported to be unknown.

 

In view of aforesaid, the subject can be considered for business dealings at fully secured trade terms and conditions. 

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

Not Available

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2016.

 

 

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 10.01.2018

 

Subject’s name is listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of

 

 

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

 

Management non-cooperative (Tel No.: 91-9924447878)

 

91-9924447897/ 9574023388 (Not Reachable)

 

91-7359977790 (not belongs to Subject Company)

 

91-2691-262343/ 262396 (Continuously ringing)

 

 

LOCATIONS

 

Registered Office/ Factory :

RS. No. 1035/1+2+3, Modasa Road, Kapadwanj, Kheda – 387620, Gujarat, India

Tel. No.:

91-2691-262343/ 262396

Fax No.:

91-2691-262344

E-Mail :

hmindustries2000@yahoo.com

info.hmindustrrialpvt.ltd@gmail.com

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Hardikkumar Pareshkumar Patel

Designation :

Director

Address :

A/3, Shakti Nagar, Dana Road, Kapadvanj, Kheda-387620, Gujarat, India

Date of Birth/Age :

25.12.1988

Date of Appointment :

16.06.2016

PAN No.:

BYBPP9348A

DIN No:

07436358

 

 

Name :

Mr. Jigarkumar Pareshbhai Patel

Designation :

Director

Address :

A/3, Shakti Nagar, Dana Road, Kapadvanj, Kheda-387620, Gujarat, India

Date of Birth/Age :

19.06.1982

Date of Appointment :

16.06.2016

PAN No.:

BYBBPP8672D

DIN No:

07436363

 

 

Name :

Mr. Paresh Hargovindas Patel

Designation :

Director

Address :

A/3, Shakti Nagar, Dana Road, Kapadvanj, Kheda-387620, Gujarat, India

Date of Birth/Age :

31.12.1963

Date of Appointment :

16.06.2016

PAN No.:

ADBPP2870P

DIN No:

07436375

 

 

MAJOR SHAREHOLDERS

 

As on 31.03.2016

 

Names of Shareholders

 

No. of Shares

Paresh Hargovindas Patel

 

2500

Jigarkumar Pareshbhai Patel

 

2000

Hardikkumar Pareshkumar Patel

 

2000

Dinesh Hargovindas Patel

 

2000

Devindraben Dinesh Hargovindas Patel

 

500

Dimple Pareshkumar Patel

 

500

Sudhaben Pareshkumar Patel

 

500

Total

 

10000

 

LIST OF ALLOTTEE

 

 

As on 10.05.2017

 

Names of Allottees

 

No. of Shares

Paresh Hargovindas Patel

 

2500000

Jigarkumar Pareshbhai Patel

 

2000000

Hardikkumar Pareshkumar Patel

 

2000000

Dinesh Hargovindas Patel

 

2000000

Devindraben Dinesh Hargovindas Patel

 

500000

Dimple Pareshkumar Patel

 

500000

Sudhaben Pareshkumar Patel

 

500000

Total

 

10000000

 

 

As on 12.12.2017

 

Names of Allottees

No. of Shares

Paresh Hargovindas Patel

14990000

Total

14990000

 

As on 18.12.2017

 

Names of Allottees

No. of Shares

Jigarkumar Pareshbhai Patel

6500000

Hardikkumar Pareshkumar Patel

5500000

Total

12000000

 

 

 

BUSINESS DETAILS

 

Line of Business :
  • Manufacturer and Exporter of Various Grade of Castor Oil and Castor Seed Meal. 
  • Manufacturer of Cotton Bales, Cottonseeds Cake and Cotton Seed Oil. (Registered Activity)

 

 

Products / Services :
  • Castor Oil
  • Castor Seed Meal
  • Cotton Bales
  • Cottonseeds Cake
  • Cotton Seed Oil.

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Not Divulged 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

Banker Name :

Bank of Baroda

Branch :

Kapadvanj Branch, Azad Chowk, Kapadvanj, District Kheda, Kapadvanj-387620, Gujarat, India

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

 

 

Auditors :

Not Divulged

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

--

 

 

CAPITAL STRUCTURE

 

Authorised Capital : INR 450.000 million

 

Issued, Subscribed & Paid-up Capital : INR 370.000 million

 

 

FINANCIAL DATA

[all figures are INR Million]

 

NOT DIVULGED

 

 

 

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

No

8

Designation of contact person

No

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

Yes

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

No

22

Conduct of the banking account

--

23

Financials, if provided

No

24

Capital in the business

No

25

Last accounts filed at ROC, if applicable

No

26

Turnover of firm for last two/ three years

No

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

No

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

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

 

INDEX OF CHARGES

 

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

G69918548

100073689

BANK OF BARODA

19/01/2017

30/06/2017

-

1197100000.0

Kapadvanj Branch, Azad Chowk, Kapadvanj, District Kheda, Kapadvanj-387620, Gujarat, India

2

G32854895

100071008

BANK OF BARODA

04/01/2017

-

-

420200000.0

Kapadvanj Branch, Azad Chowk, Kapadvanj, District Kheda, Kapadvanj-387620, Gujarat, India

 

 

 

 

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 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 63.47

UK Pound

1

INR 86.15

Euro

1

INR 75.92

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVT

 

 

Analysis Done by :

VVK

 

 

Report Prepared by :

MTN

 

 

SCORE FACTORS

 

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

NO

--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)

 

 

 

 

 

 

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.