MIRA
INFORM REPORT
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Report Date : |
28.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
CARRYPAQ ASIA PACIFIC PRIVATE LIMITED |
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Registered Office : |
331, Building Splash, Sector 17, Vashi, Navi Mumbai – 400703,
Maharashtra |
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Country : |
India |
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Financials (as on) : |
-- |
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Date of Incorporation : |
19.01.2001 |
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Com. Reg. No.: |
11-130531 |
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CIN No.: [Company
Identification No.] |
U99999MH2001PTC130531 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMC08868G |
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PAN No.: [Permanent
Account No.] |
AABCC5186D |
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Legal Form : |
Private limited liability company. |
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Line of Business : |
To maintain, provide maintenance and related services of carrycases,
hardware, software related to the operation of the company, inclusive of
repairs and replacements of components, parts, operating instructions,
carrying out modifications thereon or by the use of other techniques cause
such carrycases, hardware and software to remain in a satisfactory working
conditions. |
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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Though subject is a pretty old company it has not filed any financials
with the government department so far. Company is not much known in the
market. No further details could be available. The company can be considered for any business dealings on fully safe
and secured trade terms and conditions. |
LOCATIONS
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Registered Office : |
331, Building Splash, Sector 17, Vashi, Navi Mumbai – 400703,
Maharashtra, India |
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Corporate Office : |
412, Persipolois, Sector 17, Vashi, Navi Mumbai – 400703, Maharashtra,
India |
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Tel. No.: |
91-22-56165660 / 61 |
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Fax No.: |
91-22-27895482 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. Pushparaj M. Vasani |
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Designation : |
Director |
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Address : |
331, Building Splash, Sector 17, Vashi, Navi Mumbai – 400703 |
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Date of Appointment : |
19.01.2001 |
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Name : |
Mrs. Meena P Vasani |
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Designation : |
Director |
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Address : |
1/21, Bhaweshwar Nagar, M. G. Road, Rajawadi, Ghatkopar [East], Mumbai
– 400077, Maharashtra, India |
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Date of Appointment : |
19.01.2001 |
MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Mr. Pushparaj M. Vasani |
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5000 |
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Mrs. Meena P Vasani |
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5000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
To maintain, provide maintenance and related services of carrycases, hardware,
software related to the operation of the company, inclusive of repairs and
replacements of components, parts, operating instructions, carrying out
modifications thereon or by the use of other techniques cause such
carrycases, hardware and software to remain in a satisfactory working
conditions. |
GENERAL
INFORMATION
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Bankers : |
The Tamilnadu Mercantile Bank Limited Unit No. 4, Banking Plaza, APMC Market, Sector – 19, Vashi Navi Mumbai
- 400705 |
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Facilities : |
Rs. 1.000 Millions [08.01.2004 – Equipment of office 412, 4th
Floor, Plot No 74, Sector 17, Vashi, Navi Mumbai, Admeasuring 617 sq. ft.] |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Tarun Tripathi and Association Chartered Acountants |
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Address : |
Plot No. 6, Vishal Niwas, 79 old Prabhadevi Road, Mumbai – 400025,
Maharashtra, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100
Millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY
FURTHER INFORMATION
Business
To import, export buy, sell, trade, manufacturing, assemble, fit, alter,
maintain, improve, repair, covert and deal in all types of Carry cases like
Notebook carry cases PDA carry cases and Computer data processing machines,
computer hardware like mother boards, computer stationery tapes and computer
software, spare parts and tools, tapes, cards, solar energy equipment for
computer, memory useful in connection with foregoing business and micro process
based equipment, appliances, components devices including but not limited to
power conditioning systems including voltage, stabilizers, uninterrupted power
supply and other electrical, mechanical and electronic products including their
components, parts and accessories, computer safety locks.
To maintain, provide maintenance and related services of carrycases,
hardware, software related to the operation of the company, inclusive of
repairs and replacements of components, parts, operating instructions, carrying
out modifications thereon or by the use of other techniques cause such
carrycases, hardware and software to remain in a satisfactory working
conditions.
Bankers Charges
Report as per Registry
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Name of the company |
CARRYPAQ ASIA PACIFIC
PRIVATE LIMITED |
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Presented By |
Mr. Pushparaj M.
Vasani – Director |
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1) Date and description of instrument creating the change |
Memorandum of
deposit of title deeds dated 08.01.2004 Article of
agreement dated 08.01.2004. Both the agreement
constitute a single charge |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 1.000
Millions |
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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 |
Equitable
Mortgage of office No. 412, IV th Floor, Plot No 74, Sector 17, Vashi, Navi
Mumbai, Admeasuring 617 sq. ft. under First Charge. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Repayment within
60 months |
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5) Name and Address and description of the person entitled to the charge. |
The Tamilnadu Mercantile Bank Limited Unit No. 4, Banking Plaza, APMC Market, Sector – 19, Vashi Navi Mumbai
- 400705 |
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6) Date and brief description of instrument modifying the charge |
Not Applicable |
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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. |
Not Applicable |
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Name of the company |
CARRYPAQ ASIA
PACIFIC PRIVATE LIMITED |
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Presented By |
The Tamilnadu
Mercantile Bank Limited Vashi Branch,
Navi Mumbai |
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1) Date and description of instrument creating the change |
Memorandum of deposit
of title deeds dated 08.01.2004 Article of
agreement dated 08.01.2004. Both the
agreement constitute a single charge |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 1.000
Millions |
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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 |
Equitable
Mortgage of office No. 412, IV th Floor, Plot No 74, Sector 17, Vashi, Navi
Mumbai, Admeasuring 617 sq. ft. under First Charge. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Repayment within
60 months |
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5) Name and Address and description of the person entitled to the charge. |
The Tamilnadu Mercantile Bank Limited Unit No. 4, Banking Plaza, APMC Market, Sector – 19, Vashi Navi Mumbai
- 400705 |
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6) Date and brief description of instrument modifying the charge |
Consent Letter
dated 29.09.2005 |
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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. |
By this
modification, the present limit of Rs. 1.000 Millions is enhanced to Rs.
6.000 Millions as under :
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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.44.31 |
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UK Pound |
1 |
Rs.86.96 |
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Euro |
1 |
Rs.58.58 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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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 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
2 |
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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 |
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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15 |
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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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