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MIRA
INFORM REPORT
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Report Date : |
07.08.2007 |
IDENTIFICATION DETAILS
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Name : |
RANS TECHNOCRATS ( |
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Registered Office : |
8-J, |
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Country : |
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Date of Incorporation : |
19.06.1998 |
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Com. Reg. No.: |
94590 |
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CIN No.: [Company
Identification No.] |
U28997DL1998PTC094590 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELR04425B |
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PAN No.: [Permanent
Account No.] |
AAACR9272L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing and installation of food service equipments |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
-- |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject appears to be a small and unknown company. No payment are available. Initially, the company can be considered for any business dealings on
safe and secured trade terms and conditions. |
LOCATIONS
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Registered Office : |
8-J, |
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Tel. No.: |
91-124-4369060/61 |
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Mobile No.: |
91-9811041725 |
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Fax No.: |
91-11-25823069 |
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E-Mail : |
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Website : |
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Factory 1 : |
159, Sector 6, IMT Manesar, Gurgaon 122 050, |
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Tel. No.: |
91-124-4369060/61 |
DIRECTORS
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Name : |
Mr. Nitin Kumar |
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Designation : |
Director |
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Address : |
House No. 3, Road No. 60, Punjabi Bagh (West), |
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Date of Birth/Age : |
30.10.1973 |
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Date of Appointment : |
19.06.1998 |
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Name : |
Mr. Balraj Kumar |
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Designation : |
Director |
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Address : |
House No. 3, Road No. 60, Punjabi Bagh (West), |
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Date of Birth/Age : |
02.09.1945 |
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Date of Appointment : |
19.06.1998 |
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Name : |
Mr. Amit Kumar |
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Designation : |
Director |
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Address : |
House No. 3, Road No. 60, Punjabi Bagh (West), |
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Date of Birth/Age : |
25.06.1979 |
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Date of Appointment : |
19.06.1998 |
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Name : |
Mr. Sumit Kumar |
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Designation : |
Director |
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Address : |
House No. 9, Road No. 60, Punjabi Bagh (West), |
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Date of Birth/Age : |
26.10.1974 |
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Date of Appointment : |
19.06.1998 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Nitin Kumar |
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38600 |
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Sumeet Kumar |
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36600 |
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Balraj Kumar |
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28600 |
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Amit Kumar |
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25100 |
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Santosh Kumar |
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6500 |
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Preeti Kumar |
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2500 |
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Nobal Solution Private Limited |
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28000 |
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Equity Share
Breakup Category |
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Percentage
of Holding |
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Directors or relatives of Directors |
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83.00 |
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Other top 50 shareholders |
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17.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and installation of food service equipments |
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Products : |
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GENERAL INFORMATION
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Customers : |
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Bankers : |
Canara Bank |
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Banking
Relations : |
Unknown |
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Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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2,50,000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.500 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1,65,900 |
Equity Shares |
Rs. 10/-
each |
Rs. 1.659
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
No Financials could be available from any sources.
Management of the company remained non-cooperative during current
investigation.
LOCAL AGENCY FURTHER INFORMATION
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Name of the
company |
RANS TECHNOCRATS ( |
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Presented By |
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1) Date and description of instrument creating the change |
Hypothecation Agreement of goods and books debts dated 31.05.2002,
regidstered on 03.06.2002. |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 15,00,000/-
(Rs. Fifteen Lacs only) |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of all
the goods and commodities purchased, acquired, received under Bank Guarantee
limit now lying or hereafter stored of Company’s godowns, yards and premises
at HR – 11, Anand Parbat Industrial Area, New Delhi or at any other place(s)
including those in and all the
book-debts, outstanding, monies receivable, claims and bills arising out of
the sale, disposal of the goods received under the said credit facilities –
both present and future. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
All amounts
payable under the limit shall carry interest @ 15.75% p.a. or at such rate(s)
as would prevail at the time of rising of any liability under the said
limit. Payable on demand. |
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5) Name and Address and description of the person entitled to the charge. |
Canara Bank,
P.S.Road, Karol Bagh, |
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6) Date and brief description of instrument modifying the charge |
Hypothecation
Agreement of goods and book debts dated 26.05.2004 for Rs. 15.00 lacs and Counter
Indemnity dated 26.05.2004 for Rs. 15.00 Lacs |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
The Bank
Guarantee limit of Rs. 15.00 Lacs has been renewed. The security for
the renewed limit of Rs. 15.00 Lacs shall now be stock of Kitchen Equipments
and all other goods acquired out of Bank Guarantee limit and all book-debts,
outstanding, monies receivable, claims and bills arising out of the sale of
such goods – both present and future. Interest rate
shall now be 16.25% p.a. and commission – 3% p.a. or at such rate as may be
specified from time to time. |
Website details attached:
Subject has been serving
the hospitality Industry with pride and perfection.
They undertake turnkey projects from planning of kitchens, to manufacturing and
installation of food service equipments. Their team of engineers makes sure
that each of their equipments is a pleasure to use for every chef. They also
undertake customized fabrication of kitchen equipments. The company uses 18/8
stainless steel under the highest quality standard of manufacturing process.
They represent leading international food service equipments companies like
Comenda, Lainox, Animo, Sirman, Caplain, Rancilio, Schaerer, etc. Their
complete range of products include cooking ranges, bulk cooking systems combi
ovens and steamers, exhaust systems, refrigeration units, baine maire, plate
dispensers, dish washing machines, baking ovens, mixers, milk and waters
boilers, sandwich griller, Coffee machines etc. Their range of Indian and
Imported food
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 40.40 |
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1 |
Rs. 82.32 |
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Euro |
1 |
Rs.55.77 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
2 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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19 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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