MIRA
INFORM REPORT
|
Report Date : |
01.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
KEYTOOL ENGINEERING SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
First Floor, Plot No. 2, Gat No. 626, Opposite Gabriel India Limited, Pune
Nashik Highway, At Post Kuruli (Chakan), Taluka Khed, Pune 410 501,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Date of Incorporation : |
01.08.2005 |
|
|
|
|
Com. Reg. No.: |
11-21087 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51503PN2005PTC021087 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
PNEK06838G |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AACCK6217E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trading Activities |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
-- |
|
|
|
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company and yet to establish its first
financials. However, the Company had
been successful in obtaining some loans from its banker. No further details could be made
available. The Company can be considered for small to mediocre business dealings
on safe and secured terms initially. |
LOCATIONS
|
Registered Office : |
First Floor, Plot No. 2, Gat No. 626, Opposite Gabriel India Limited,
Pune Nashik Highway, At Post Kuruli (Chakan), Taluka Khed, Pune 410 501,
Maharashtra |
|
Tel. No.: |
91-2135-326139 |
|
Fax No.: |
91-2135-320321 |
|
E-mail : |
DIRECTORS
NA
BUSINESS DETAILS
|
Line of Business : |
Trading Activities |
GENERAL
INFORMATION
|
Bankers : |
The Saraswat Co-operative Bank Limited Pimpri Branch, Pune 411038, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.100
Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
New Company
LOCAL AGENCY
FURTHER INFORMATION
Form 8
Bankers Charges
Report as per Registry
|
Name of the
company |
KEYTOOL ENGINEERING SOLUTIONS PRIVATE LIMITED |
|
Presented By |
The Saraswat Co-operative Bank Limited |
|
1) Date and
description of instrument creating the change |
Letter evidencing deposit to Title deeds dated 07.12.2005 |
|
2) Amount secured
by the charge/amount owing on the securities of charge |
Rs. 6.000
Millions |
|
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 |
All that piece and
parcel of the land situated at Gat No. 626/1 admeasuring O H 65 R i.e. 650
sq. mtrs. Bearing private plot no. 2, at village kuruli, Khed, District Pune,
together with the building other structure and fixed machinery and plant,
fixture and fittings erected, electrical installation and installed whether
present or future and all easementary rights attached to said plot. |
|
4) Gist of the
terms and conditions and extent and operation of the charge. |
Facility : Letter
of Credit Rate of Interest
: 13.5% p.a. with monthly rests or at such rates as may be prescribed by the
Bank from time to time. |
|
5) Name and
Address and description of the person entitled to the charge. |
The Saraswat Co-operative Bank Limited, Pimpri Branch, Pune |
|
6) Date and brief description of instrument
modifying the charge |
NA |
|
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 |
|
Corporate
identity number of the company |
U51503pn2005ptc021087 |
|
Name of the
company |
KEYTOOL ENGINEERING SOLUTIONS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
First Floor, Plot No. 2, Gat No. 626, Opposite Gabriel India Limited,
Pune Nashik Highway, At Post Kuruli (Chakan), Taluka Khed, Pune 410 501,
Maharashtra |
|
This form is for |
Modification of
charge |
|
Type of charge |
Equitable
mortgage or mortgage of property by depositing the title deeds |
|
Particular of
charge holder |
The Saraswat Co-operative Bank Limited Pimpri Branch, Pune 411038, Maharashtra, India |
|
Nature of
instrument creating charge |
NA |
|
Date of
instrument Creating the charge |
NA |
|
Amount secured by
the charge |
Rs. 6.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
NA |
|
Description of
the property charged |
Immovable
properties Plant and
machinery Book debts Furniture and
Fixtures Stock in trade |
|
Particulars of
the property charged |
All that piece
and parcel of the land situated at Gat No. 626/1 admeasuring O H 65 R i.e.
650 sq. mtrs. Bearing private plot no. 2, at village kuruli, Khed, District Pune,
together with the building other structure and fixed machinery and plant,
fixture and fittings erected, electrical installation and installed whether
present or future and all easementary rights attached to said plot. |
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. 39.32 |
|
UK Pound |
1 |
Rs. 81.35 |
|
Euro |
1 |
Rs. 56.75 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
17 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<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 |
|