MIRA
INFORM REPORT
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Report Date : |
03.03.2006 |
IDENTIFICATION
DETAILS
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Name : |
JUMBO DISTRIBUTORS PRIVATE LIMITED |
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Registered Office : |
Hanif Chambers, Godown No. 2 & 3, Kalyan Bhiwandi Road, Kon Village, Kalyan, District Thane – 421001, Maharashtra |
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Country : |
India |
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Financials (as on) : |
-- |
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Date of Incorporation : |
21.12.2004 |
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Com. Reg. No.: |
11-150113 |
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CIN No.: [Company
Identification No.] |
U51395MH2004PTC150113 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNEJ05469C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
To carry on the business of sellers, distributors, buyers, importers, exporters, assemblers, repairers and dealers in all types of electronics appliances, components, systems, video components, televisions, displays, CD, Music systems, devices, apparatus, instruments, articles, and or all these components, material and accessories. |
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 : |
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 not much known in the market. It’s first financials are awaited. Nothing much could be said about the company at present. It can be considered for any business dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
Hanif Chambers, Godown No. 2 & 3, Kalyan Bhiwandi Road, Kon Village, Kalyan, District Thane – 421001, Maharashtra |
DIRECTORS
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Name : |
Mr. Bharat Oteramal Jain |
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Designation : |
Director |
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Address : |
403, Gautam Lodhi, V. S. Road, Thane (West) – 400601 |
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Date of Appointment : |
21.12.2004 |
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Name : |
Mr. Narain Khushiram Bajaj |
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Designation : |
Director |
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Address : |
C-1/1, Laxmi Sadan, Ulhas Nagar – 421103 |
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Date of Appointment : |
21.12.2004 |
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Name : |
Mr. Sheeranj Manayath Vayaleri |
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Designation : |
Director |
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Address : |
201, Abhishek, Ambika Nagar, M. G. Road, Dombivali (West), Maharashtra |
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Date of Appointment : |
21.12.2004 |
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Name : |
Mr. Prakash Ramratan Jain |
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Designation : |
Director |
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Address : |
C-103, Gopal Krishna Apartments, Kelkar Road, Ram Nagar, Dombivali (East) |
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Date of Appointment : |
21.12.2004 |
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Name : |
Mr. Ram Jethanand Tanwani |
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Designation : |
Director |
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Address : |
Bharat Palace, 2nd Floor, Ulhasnagar – 421001 |
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Date of Appointment : |
21.12.2004 |
MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Bharat O. Jain |
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2,000 |
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Narain K. Bajaj |
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2,000 |
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Sheeranj M. Vaylem |
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2,000 |
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Prakash R. Jain |
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2,000 |
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Ram J. Tanwani |
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2,000 |
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TOTAL |
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10,000 |
BUSINESS DETAILS
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Line of Business : |
To carry on the business of sellers, distributors, buyers,
importers, exporters, assemblers, repairers and dealers in all types of
electronics appliances, components, systems, video components, televisions,
displays, CD, Music systems, devices, apparatus, instruments, articles, and
or all these components, material and accessories. |
GENERAL
INFORMATION
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Bankers : |
Syndicate Bank Priyadarshini Building, Phadke Road, Dombivli East, Dombivli – 421201,
Maharashtra, India |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY
FURTHER INFORMATION
Bankers Charges Report
as per Registry
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Name of the company |
JUMBO DISTRIBUTORS
PRIVATE LIMITED |
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Presented By |
Sundaram Finance
Limited, No. 21, Patullos Road, Chennai – 600002 |
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1) Date and description of instrument creating the change |
Loan Agreement dated
28.04.2005 loan Cont. No. : AM-3772 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 0.102
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 |
On the security
of 1 No. 2005 Model Piaggio 3 Wheeler bearing E. No. R5C82507, Ch. No.
BGD236982 as mentioned in the 1st schedule of the enclosed copy of
the loan agreement. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
The total loan
amount of Rs. 0.126 Millions is repayable in 35 equal monthly installments of
Es. 0.004 Millions. The 1st loan installment falls due on
28.04.2005 |
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5) Name and Address and description of the person entitled to the charge. |
Sundaram Finance
Limited No. 21, Patullos
Road, Chennai – 600002 |
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6) Date and brief description of instrument modifying the charge |
NA |
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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. |
NA |
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.44.56 |
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UK Pound |
1 |
Rs.85.79 |
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Euro |
1 |
Rs.58.40 |
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 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
1 |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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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 |
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 |
NO |
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TOTAL |
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18 |
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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