MIRA
INFORM REPORT
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Report Date : |
09.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
MATRIX DISTRIBUTOR PRIVATE LIMITED |
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Registered Office : |
16, Anand Estate, 189 A, Sane Guruji Marg, Mumbai –
400011, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
16.04.2004 |
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Com. Reg. No.: |
11-145742 |
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CIN No.: [Company
Identification No.] |
U74999MH2004PTC145742 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMM27349A |
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PAN No.: [Permanent
Account No.] |
AADCM9143N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
To carry on the business as importers, exporters, sellers, buyers, dealer,
indentor, agent, advisor, representatives, web portal organizer / owner of
all kinds of consumer durables, communication equipments, photographic
equipments and films, apparels, and clothing, jewellery, packing and display
material, electronic, battery operated or electrical products, engineering
goods, software, time and space in media, toys, cosmetics and toiletries,
knowledge and amusement media articles, furniture and its components, parts,
machinery and amusement media articles, furniture and its components, parts,
machinery and accessories. |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Maximum Credit Limit : |
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Status : |
New Company |
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Payment Behaviour : |
No Experience |
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Litigation : |
-- |
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Comments : |
Subject is a new company, promoted by experienced, respectable and resourceful directors. They have business interest in marketing of various electronic products. No payment are available, yet. However, the company can be considered for initial business dealings on safe and secured trade terms and conditions. |
LOCATIONS
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Registered Office : |
16, Anand Estate, 189 A, Sane Guruji Marg, Mumbai –
400011, Maharashtra |
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Tel. No.: |
91-22-23004061/62 |
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Fax No.: |
91-22-23054631 |
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E-Mail : |
sales@matrixdistributor.com |
DIRECTORS
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Name : |
Mr. Tushar Bhupendra Avlani |
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Designation : |
Director |
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Address : |
5/20, Parekh Kunj, Road No. 6, Sion [West], Mumbai – 400022, Maharashtra, India |
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Date of Birth/Age : |
08.01.1964 |
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Date of Appointment : |
16.04.2004 |
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Name : |
Mr. Minu Chandrakant Mehtalia |
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Designation : |
Director |
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Address : |
41, Acadia Cooperative Housing Society, 172, Sir Bhalchandra Road, Hindu Colony Road, Dadar, Mumbai – 400014, Maharashtra, India |
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Date of Birth/Age : |
08.12.1962 |
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Date of Appointment : |
16.04.2004 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Tushar Bhupendra Avlani |
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5000 |
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Mr. Mini Chandrakant Mehtalia |
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5000 |
BUSINESS DETAILS
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Line of Business : |
To carry on the business as importers, exporters, sellers, buyers,
dealer, indentor, agent, advisor, representatives, web portal organizer /
owner of all kinds of consumer durables, communication equipments,
photographic equipments and films, apparels, and clothing, jewellery, packing
and display material, electronic, battery operated or electrical products,
engineering goods, software, time and space in media, toys, cosmetics and
toiletries, knowledge and amusement media articles, furniture and its components,
parts, machinery and amusement media articles, furniture and its components,
parts, machinery and accessories. |
GENERAL
INFORMATION
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Bankers : |
Not Available |
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Finance Institute : |
Kotak Mahindra Finance Limited 36-38A, Nariman Bhavan, 227, D. Nariman Point, Mumbai - 400021 |
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Banking
Relations : |
-- |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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250000 |
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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50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
As the subject is a new company, no financials are yet available.
LOCAL AGENCY
FURTHER INFORMATION
Business :
To establish, promote, amalgamate or acquire
the whole or any part of the undertaking and assets of any business whose
objects are similar or ancillary to the objects of the company in India or abroad.
To enter into contracts, agreements and
arrangements whether or not for rendering sales and services but which may seem
to be in the interests of the company with any other company, firm or person,
governments, whether local, provincial or central, in the Union of India or
elsewhere in the world.
Form
8 Particular for creation or modification of charges
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Corporation identity number or foreign
company registrations number of the company
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U74999MH2004PTC145742 |
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Name of the company |
MATRIX DISTRIBUTOR
PRIVATE LIMITED |
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Address |
16, Anand Estate, 189 A, Sane Guruji Marg, Mumbai –
400011, Maharashtra |
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This Form is for |
Modification of
charge |
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Type of Charges |
Hypothecation |
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Particular of the charge holder |
U99999MH1985PTC038137 Kotak Mahindra Finance Limited 36-38A, Nariman
Bhavan, 227, D. Nariman Point, Mumbai – 400021 E-mail : john.fernandes@kotak.com |
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Date of the instrument creating charge |
09.09.2005 |
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Amount Secure by
the charge |
Rs. 15.000
millions |
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Description of the property charge whether
it is a charge on |
Plant and
machinery, Furniture and Fixtures, Stock in trade, Book Debts, Vehicles,
Fixed Deposits, Intangible Assets |
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Modification charge Charge identification number of the charge
to be modified |
80002172 |
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Date of instrument modifying the charge |
16.03.2006 |
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Particulars of the Property charged |
As per instrument modifying charge |
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Brief description of the instrument modifying |
Supplementary deed of hypothecation |
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Particulars of the present modification |
Extension of charge from Rs. 15.000 millions to Rs. 25.000 millions |
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 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.44.27 |
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UK Pound |
1 |
Rs.85.54 |
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Euro |
1 |
Rs.58.23 |
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 |
3 |
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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 |
- |
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--LEVERAGE |
1~10 |
- |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
3 |
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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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9 |
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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