MIRA INFORM REPORT
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Report Date : |
13.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
SMAKS TRADING PRIVATE LIMITED |
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Registered Office : |
219, Maker Chamber V, Nariman Point, Mumbai-400021, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
09.02.1993 |
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Com. Reg. No.: |
11-70710 |
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CIN No.: [Company
Identification No.] |
U51900MH1993PTC070710 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMS21409D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
To carry on the business as exporters, importers, traders, buying
agents, selling agents, brokers, buyers, sellers, merchants and dealers in merchandise,
articles, commodities, produce, substances, materials and goods from and into
all parts of the world. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 5000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed company having satisfactory
track records. Directors are reported as experienced and respectable
businessmen. Trade relations are reported as fair. Business is active.
Payments are usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
219, Maker Chamber V, Nariman Point, Mumbai-400021, Maharashtra, India |
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Tel. No.: |
91-9522-22843186 |
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Fax No.: |
91-9522-22047257 |
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E-Mail : |
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Factory 1 : |
510/511, Shrikant Chambers, Chembur, Mumbai-400071, Maharashtra, India |
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Factory 2 : |
414, Shrikant Chambers, Sion, Trombay Road, Chembur, Mumbai-400071,
Maharashtra, India |
DIRECTORS
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Name : |
Mr. Ramachandran Swaminathan |
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Designation : |
Director |
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Address : |
11.08.1947 |
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Date of Birth/Age : |
44, Mehernaz, Cuffe Parade, Colaba, Mumbai-400005, Maharashtra, India |
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Date of Appointment : |
09.02.1993 |
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Name : |
Mr. Ramamurthy Mahendran |
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Designation : |
Director |
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Address : |
23, Green Garden Apartments, WT Patil Marg, Acharya Nagar Deonar,
Mumbai-400088, Maharashtra, India |
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Date of Birth/Age : |
07.04.1960 |
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Date of Appointment : |
09.02.1993 |
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Name : |
Ms. Zubeida R. Swaminathan |
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Designation : |
Director |
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Address : |
44, Mehernaz, Cuffe Parade, Colaba, Mumbai-400005, Maharashtra, India |
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Date of Birth/Age : |
08.02.1949 |
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Date of Appointment : |
02.08.1993 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
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Mr. Swaminathan Ramachandran |
185 |
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Mr. Mahendran Ramamurthy |
185 |
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Ms. Zubeida R. Swaminathan |
140 |
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Ms. Kalpana Mahendran |
140 |
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Ms. Zainali Dapatwala |
10 |
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Mr. Swaminathan & Mahendran |
710 |
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Mr. Swaminahtan HUF and Mahendran HUF |
100 |
BUSINESS DETAILS
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Line of Business : |
To carry on the business as exporters, importers, traders, buying
agents, selling agents, brokers, buyers, sellers, merchants and dealers in merchandise,
articles, commodities, produce, substances, materials and goods from and into
all parts of the world. |
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Products : |
Import Indenting Agent/ Professional Services |
GENERAL
INFORMATION
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Bankers : |
Development Credit
Bank Limited, Credit Administration Department, Bandra (West), Mumbai-400050,
Maharashtra, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
P M Kathariya & Company Chartered Accountants |
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Address : |
Maharashtra |
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Associates : |
v Eseem Exports
and Marketing
E-Mail : essem@essemgroup.com v Essem Investment
and Finance
E-Mail : invest@essemgroup.com v Essem Insotech
Private Limited
E-Mail : insotech@essemgoup.com v Smake Trading
Private Limited
E-Mail : smaks@essemgroup.com v Stelmet
Marketing
E-Mail : stelmet@essemgroup.com |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.100/- each |
Rs.1.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1470 |
Equity Shares |
Rs.100/- |
Rs.0.147
millions |
LOCAL AGENCY
FURTHER INFORMATION
Form 8 Particular for creation or modification of charges
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Name of the company |
SMAKS TRADING PRIVATE LIMITED |
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Presented By |
DEVELOPMENT
CREDIT BANK LIMITED, CREDIT ADMINISTRATION DEPARTMENT, BANDRA (WEST),
MUMBAI-400050 |
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1) Date and description of instrument creating the change |
Charge and hypothecation of book debts dated 27.06.2005 and deed of hypothecation of tangible movable property dated 27.06.2005. (Both agreements constituting a single charge) |
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2) Amount secured by the charge/amount owing on the securities of charge |
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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 |
Hypothecation of charge to the Bank by way of charge on all the book debts, outstanding moneys, receivable, claims and bills which are now due and owing or which may at any time hereafter during the continuance of this security become due and owing to the borrower in the course of its business by any person, company or by the Government or any local or public body or authority as security for the due repayment to bank at any time on demand. Hypothecation in favour of the bank all those goods of the borrower including therein the stocks for the time being whether raw or manufactured or in process of manufacture and also all produced goods and any every tangible moveable property of the borrower whether now lying or at any time hereafter during the continuance of this security lying or being in or about the borrower’s premises and godowns or however else the same may be or be held by any party anywhere to the order and disposition of the borrower or in course of transit to the borrower. The hypothecated goods are hypothecated as security by way of first charge for due payment to the bank at any time on demand. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Interest/ Commission : As per Bank’s rule Margin : @ 25% by way of TDR Repayment : On demand/ Annual Review |
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5) Name and Address and description of the person entitled to the charge. |
Development Credit Bank Limited, Credit
Administration Department, Bandra (West), Mumbai-400050, Maharashtra, India |
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6) Date and brief description of instrument modifying the charge |
N.A. |
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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. |
N.A. |
Website Details :
As India progresses at a fast pace and increasing number of industries manufacture numerous products in various categories, there is an need to identify new market and channel the flux of products to fuel further growth. They, Essem Group Of Companies, to this end simplify the search of the Indian manufacturer and foreign buyer, for each other. They serve as their crucial meeting point.
They help the importer by providing an overview of the Indian industrial scene and the exporter to optimize his returns. Right from the outset they take over the search, identify possibilities, negotiate terms, conclude contracts and see to their smooth execution.
With over three decades of an active role in the international market, they have acquired marketing skills which are backed by reliable supply bases and expert advisory services. Essem is a multifaceted Group and this group not only provides an export outlet for large, medium and small scale manufactures of India but also serves as an Indian arm to many leading manufacturers of the world.
Today Essem Export and Marketing handles all export activities of the group and Smaks Trading Private Limited import activities.
The Group is managed by experienced professionals having professional marketing approach. Added to this an established network of offices/representatives in all metros of India, Essem Group is in a position to offer comprehensive service.
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.44.22 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.58.47 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
YES |
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TOTAL |
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45 |
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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