MIRA
INFORM REPORT
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Report Date : |
08.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
RUPAREL
ENTERPRISES PRIVATE LIMITED |
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Registered Office : |
Canada
Building, 2ND Floor, Charanjit Rai Marg 2, Mumbai – 400001,
Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.1998 |
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Date of Incorporation : |
01.12.1992 |
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Com. Reg. No.: |
11-69793 |
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CIN No.: [Company
Identification No.] |
U51900MH1992PTC069793 |
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Legal Form : |
Private
limited liability company. |
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Line of Business : |
To
carry on the business as merchants, traders, sellers, importers, exporters,
dealers in, collectors or in any other capacity and to import, export, buy,
sell upon or otherwise trade and deal in machinery, equipments, components,
spare parts, goods produce, articles and merchandise of any kind whatsoever
and without prejudice to the generality of the foregoing agricultural
commodities, food gain, cash crops, cotton, tea, jute, coffee, fruit,
vegetables, flowers, milk, milk products, raw materials required by
industries, semi finished products, equipments, chemicals, intermediates,
electrical goods, textiles yarns, garment, furniture, minerals and oils as
wholesalers or retailers on the basis or ready delivery or forward contracts
or on commission basis. |
RATING & COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
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Status : |
Undetermined
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Comments : |
Subject
is an old company but seems to be passing through difficult times. Company
has not filed any financials with the Government authority after 1998.
Management so far remained no-cooperative. We
suggest business dealings on fully safe and secured trade terms and
conditions only. |
LOCATIONS
|
Registered Office : |
Canada
Building, 2ND Floor, Charanjit Rai Marg 2, Mumbai – 400001,
Maharashtra, India |
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Tel. No.: |
91-22-22075141
/ 22614381-85 |
DIRECTORS
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Name : |
Mr.
Shrikant G. Ruparel |
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Designation : |
Director
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Address : |
38 B.
K. Kher Marg, Walkeshwar, Mumbai – 400006, Maharashtra, India |
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Date of Birth/Age : |
31.12.1940 |
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Date of Appointment : |
01.12.1992 |
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Name : |
Ms.
Shridevi N. Ruparel |
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Designation : |
Director
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Address : |
38 B.
K. Kher Marg, Walkeshwar, Mumbai – 400006, Maharashtra, India |
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Date of Birth/Age : |
02.10.1929 |
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Date of Appointment : |
20.02.1997 |
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Name : |
Ms.
Shreya S. Ruparel |
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Designation : |
Director
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Address : |
38 B.
K. Kher Marg, Walkeshwar, Mumbai – 400006, Maharashtra, India |
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Date of Birth/Age : |
29.04.1974 |
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Date of Appointment : |
20.02.1997 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
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No. of Shares |
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Shrikant
G. Ruparel |
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750 |
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Ira S.
Ruparel |
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350 |
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Shreya
S. Ruparel |
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200 |
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Shruti
S. Ruparel |
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200 |
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Laxmiben
G. Ruparel |
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1,100 |
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Shridevi
N. Ruparel |
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3,000 |
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Manek
J. Ruparel |
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600 |
|
Dongarse
Gangji and Sons Private Limited |
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24,500 |
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Bently
Finance India Limited |
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10,000 |
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Petrol
Pan Private limited |
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27,000 |
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Elegant
Tours and Travel Private Limited |
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100 |
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Narayan
Metal and Chemicals Private Limited |
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7,200 |
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Bhimji
Vohra |
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25,000 |
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Total |
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100,000 |
BUSINESS DETAILS
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Line of Business : |
To
carry on the business as merchants, traders, sellers, importers, exporters,
dealers in, collectors or in any other capacity and to import, export, buy,
sell upon or otherwise trade and deal in machinery, equipments, components,
spare parts, goods produce, articles and merchandise of any kind whatsoever
and without prejudice to the generality of the foregoing agricultural
commodities, food gain, cash crops, cotton, tea, jute, coffee, fruit,
vegetables, flowers, milk, milk products, raw materials required by
industries, semi finished products, equipments, chemicals, intermediates,
electrical goods, textiles yarns, garment, furniture, minerals and oils as
wholesalers or retailers on the basis or ready delivery or forward contracts
or on commission basis. |
GENERAL
INFORMATION
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Customers : |
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Bankers : |
Bank
of India |
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Banking Relations : |
-- |
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Auditors : |
Nitish
Nigam and Company Chartered
Accountants 1st
Floor, 82/86, Parin Nariman Station, Fort, Mumbai – 400001 |
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Tel. No.: |
91-22-22621990 |
CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
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100000 |
Equity
Shares |
Rs. 100/- each |
Rs. 10.000 Millions |
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Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
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100000 |
Equity
Shares |
Rs. 100/- each |
Rs. 10.000 Millions |
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FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
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SOURCES OF FUNDS |
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31.03.1998 |
31.03.1997 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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10.000 |
0.920 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.625 |
0.000 |
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4] (Accumulated Losses) |
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[0.056] |
[0.052] |
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NETWORTH |
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10.569 |
0.868 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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0.571 |
4.442 |
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TOTAL BORROWING |
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0.571 |
4.442 |
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DEFERRED TAX LIABILITIES |
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TOTAL |
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11.140 |
5.310 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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4.642 |
4.427 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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2.025 |
0.825 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
0.000 |
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Sundry Debtors |
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0.000 |
0.000 |
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Cash & Bank Balances |
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0.035 |
0.031 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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5.127 |
0.030 |
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Total Current Assets |
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5.162 |
0.061 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.703 |
0.018 |
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Provisions |
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Total Current Liabilities |
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0.703 |
0.018 |
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Net Current Assets |
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4.459 |
0.043 |
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MISCELLANEOUS EXPENSES |
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0.014 |
0.015 |
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TOTAL |
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11.140 |
5.310 |
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PROFIT
& LOSS ACCOUNT
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PARTICULARS |
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31.03.1998 |
31.03.1997 |
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Sales Turnover [including other income] |
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1.672 |
0.061 |
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Net
Loss |
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[0.004] |
[0.035] |
KEY
RATIOS
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PARTICULARS |
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31.03.1998 |
31.03.1997 |
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PAT / Total Income |
(%) |
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[0.24] |
[57.38] |
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Net
Profit Margin (PBT/Sales) |
(%) |
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[0.24] |
[57.38] |
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Return
on Total Assets (PBT/Total
Assets} |
(%) |
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[0.04] |
[0.78] |
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Return
on Investment (ROI) (PBT/Networth) |
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[0.00] |
[0.04] |
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Debt
Equity Ratio (Total
Liability/Networth) |
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0.12 |
5.14 |
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Current
Ratio (Current
Asset/Current Liability) |
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7.34 |
3.39 |
LOCAL AGENCY
FURTHER INFORMATION
Fixed Assets
- Land
- Buildings
- Furniture and Fixture
- Computers
- Motor Cars
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
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.44.12 |
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UK
Pound |
1 |
Rs.87.01 |
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Euro |
1 |
Rs.57.45 |
RATING EXPLANATIONS
|
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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