MIRA
INFORM REPORT
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Report Date : |
18.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
DUSSELDORF DE ESPANA PRIVATE LIMITED |
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Registered Office : |
8A, Brown Field Row, Kolkata – 700053, West Bengal |
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Country : |
India |
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Date of Incorporation : |
03.02.2006 |
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Com. Reg. No.: |
107703 |
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CIN No.: [Company
Identification No.] |
U99999WB2006PTC107703 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CALD05451F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Distributors of Base Metals and Articles -
Articles Of Iron and Steel |
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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to establish itself. It is yet to
publish its first financials. The company has been successful in obtaining
several facilities from its banker. No further details could be made
available. The company can be considered for small to mediocre business dealings
with slight caution, initially. No clean credit can be granted. |
LOCATIONS
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Registered Office : |
8A, Brown Field Row, Kolkata – 700053, West Bengal, India |
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E-Mail : |
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Corporate Office : |
New Alipore, Kolkata – 700053, West Bengal, India |
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Tel. No.: |
91-33-24072960 |
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Fax No.: |
91-33-24072106 |
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Mobile: |
91-9331026964 |
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Website: |
DIRECTORS
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Name : |
Mr. Shankar Agarwal |
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Designation : |
Director |
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Address : |
23, Block E, Mani Angan, Flat 1 D, New Alipore Kolkata – 700053. |
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Date of Appointment : |
03.02.2006 |
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Name : |
Mr. Chintu Agarwal |
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Designation : |
Director |
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Address : |
23, Block E, Mani Angan, Flat 1 D, New Alipore Kolkata – 700053. |
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Date of Appointment : |
03.02.2006 |
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Name : |
Mrs. Ritu Agarwal |
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Designation : |
Director |
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Address : |
23, Block E, Mani Angan, Flat 1 D, New Alipore Kolkata – 700053. |
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Date of Appointment : |
03.02.2006 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Shankar Agarwal |
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4000 |
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Mr. Chintu Agarwal |
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3000 |
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Mrs. Ritu Agarwal |
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3000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Distributors of Base Metals and Articles - Articles
Of Iron and Steel |
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Products : |
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GENERAL
INFORMATION
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No. of Employees : |
10 |
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Bankers : |
Howrah Commercial
Branch, 9 G.T. Road, Hoerah – 700001, West Bengal, India |
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Banking
Relations : |
- |
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity shares |
Rs.10/- each |
Rs.0.500 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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20000 |
Equity shares |
Rs.10/- each |
Rs.0.200
Million |
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LOCAL AGENCY
FURTHER INFORMATION
Form 8
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Corporate
identity number (CIN) Foreign company registration number |
U99999WB2006PTC107703 |
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Name of the
Company |
DUSSELDORF DE ESPANA PRIVATE LIMITED |
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Address |
8A, Brown Field Row, Kolkata – 700053, West Bengal, India |
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This form is for |
Creation of
Charge |
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Type of Charge |
Hypothecation Equitable mortgage or mortgage of property by depositing the title deeds. |
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Particulars of
the charge holder |
State Bank of India Howrah Commercial
Branch, 9 G.T. Road, Hoerah – 700001, West Bengal, India |
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Nature or
description of the instrument(s) creating or modifying the charge |
Agreement of loan
cum Hypothecation Letter of
Agreement |
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Date of the
instrument creating or modifying the charge |
03.03.2006 |
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Amount secured by
the charge |
Rs.29.000
Millions |
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Brief particulars
of the principal terms and conditions and extent and operation of the charge |
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Short particulars
of the property charged (including location of the property) |
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Particular of the
present modification |
EM of Residentail
Flat 1 D, at Mani Angan in Block – E, New Alipore in the name of Ritu Agarwal
and others |
Company
Profile:
They are stockist of Tinplates in India
- Electrolytic tinplate (Prime, defective/ Seconds, Assorted/
Unassorted, misprinted sheets both side or one side printed / Gold)
- Tin Free Steel, Coil and Sheets
- Cold rolled sheets and coils
- Hot rolled plates and Coils
- Etp disc (Circles)
- Black plate (pcrc) TMBP Coils and sheets.
They stock mainly Thickness Ranges from 0.13-0.30mm and
width mainly 600 mm and above for tinplates, Tin Free Steel, PCRC
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.37 |
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UK Pound |
1 |
Rs.79.47 |
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Euro |
1 |
Rs.56.83 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
1 |
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--CREDIT LINES |
1~10 |
1 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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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13 |
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. |
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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