MIRA
INFORM REPORT
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Report Date : |
01.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
TRIUNE MARKETING INDIA PRIVATE
LIMITED |
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Registered Office : |
Gala D 40, Ground floor, Bajsons Industrial Estate, A-40, Cardinal Gracious
Road, Chakala, Opposite Nirmal Dairy, Andheri (East), Mumbai 400 099, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
28.06.2002 |
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Com. Reg. No.: |
11-136351 |
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CIN No.: [Company
Identification No.] |
U51909MH2002PTC136351 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMT07996C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Distributor and Dealer of Electronic and Electrical commodities. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Maximum Credit Limit : |
USD 5700 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small Company and in the process of
establishing itself. Trade relations
are reported as fair. Business is
active. Payments are reported as
usually correct and as per commitments. The Company can be considered for small to mediocre business dealing
at usual trade terms and conditions, with slight caution initially. |
LOCATIONS
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Registered Office : |
Gala D 40, Ground floor, Bajsons Industrial Estate, A-40, Cardinal Gracious
Road, Chakala, Opposite Nirmal Dairy, Andheri (East), Mumbai 400 099, Maharashtra, India |
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Tel. No.: |
91-22-23842200 |
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Fax No.: |
91-22-23842210 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Bhavesh Mehta |
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Designation : |
Director |
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Address : |
1804, Wallace Apartment 1, Sleater Road, Grant Road, Mumbai 400007,
Maharashtra, India |
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Date of Birth/Age : |
27.03.1973 |
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PAN NO. : |
AABPM7167P |
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Date of Appointment : |
01.04.2005 |
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Name : |
Mr. Ajay Mehta |
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Designation : |
Director |
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Address : |
1804, Wallace Apartment 1, Sleater Road, Grant Road, Mumbai 400007,
Maharashtra, India |
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Date of Birth/Age : |
10.05.1964 |
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PAN NO. : |
AABPM6163F |
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Date of Appointment : |
01.04.2005 |
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Name : |
Mr. Atul Mehta |
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Designation : |
Director |
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Address : |
1804, Wallace Apartment 1, Sleater Road, Grant Road, Mumbai 400007,
Maharashtra, India |
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Date of Birth/Age : |
29.11.1960 |
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PAN NO. : |
AABPM6162E |
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Date of Appointment : |
28.06.2002 |
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Name : |
Falguni A. Mehta |
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Designation : |
Director |
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Address : |
1804, Wallace Apartment 1, Sleater Road, Grant Road, Mumbai 400007,
Maharashtra, India |
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Date of Birth/Age : |
10.02.1964 |
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PAN NO. : |
AABPM6400C |
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Date of Appointment : |
28.06.2002 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Ajay H. Mehta |
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35000 |
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Atul H. Mehta |
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35000 |
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Bhavesh H. Mehta |
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35000 |
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Falguni H. Mehta |
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5000 |
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110000 |
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Equity Share
Break-up |
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Percentage of
Holding |
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Director or relatives of Directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Distributor and Dealer of Electronic and Electrical commodities. |
GENERAL
INFORMATION
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Bankers : |
Andheri (West)
Branch, OM Niketan, 314 Paliram RD, Andheri (West), Mumbai 400058,
Maharashtra, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
B. V. Dalal and Company Chartered Accountant |
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Address : |
C/O. Bogilal C. Shah and Company, Shree Pant Bhavan, 1st
floor, Sandhurst Bridge, Mumbai 400007, Maharashtra, India |
CAPITAL STRUCTURE
Authorised Capital :
|
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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120000 |
Equity Shares |
Rs. 10/-
each |
Rs. 1.200
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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1.200 |
0.100 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.236 |
0.000 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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1.436 |
0.100 |
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LOAN FUNDS |
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1] Secured Loans |
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0.767 |
0.000 |
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2] Unsecured Loans |
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5.900 |
0.000 |
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TOTAL BORROWING |
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6.667 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.025 |
0.000 |
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TOTAL |
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8.128 |
0.100 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.510 |
0.000 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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10.355 |
4.726 |
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Sundry Debtors |
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38.884 |
0.225 |
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Cash & Bank Balances |
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0.105 |
0.043 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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3.223 |
0.000 |
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Total
Current Assets |
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52.567 |
4.994 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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44.826 |
4.967 |
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Provisions |
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0.135 |
0.000 |
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Total
Current Liabilities |
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44.961 |
4.967 |
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Net Current Assets |
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7.606 |
0.027 |
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MISCELLANEOUS EXPENSES |
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0.012 |
0.073 |
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TOTAL |
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8.128 |
0.100 |
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LOCAL AGENCY FURTHER
INFORMATION
Form 8
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This Form is for |
Creation of charge |
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Charge
identification number of the charge to be modified |
NA |
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Corporate
identity number of the company |
U51909MH2002PTC136351 |
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Name of the
company |
TRIUNE MARKETING INDIA PRIVATE
LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
Gala D 40, Ground floor, Bajsons Industrial Estate, A-40, Cardinal
Gracious Road, Chakala, Opposite Nirmal Dairy, Andheri (East), Mumbai 400 099, Maharashtra, India |
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Type of charge |
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Particular of
charge holder |
Andheri (West)
Branch, OM Niketan, 314 Paliram RD, Andheri (West), Mumbai 400058,
Maharashtra, India |
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Nature of
description of the instrument creating or modifying the charge |
[All the above
documents constitute a combined charge for Rs. 10.000 Millions) |
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Date of
instrument Creating the charge |
09.04.2007 |
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Amount secured by
the charge |
Rs. 10.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest rate of 15.00%
p.a. with monthly rest or such other rate as may be decided by the Bank from
time to time. Terms of
repayment As per the
loaning documents executed by the borrower company with the bank. Margin As per the
loaning documents executed by the borrower company with the bank. Extent and
operation of the charge To secure the OD
limits of Rs. 10.000 Millions (which includes sublimit of Rs. 50 against
stocks) and for all costs interests and other charges thereon, first charge and
hypothecation of Bookdebts, receivables and stock of all types of IT related
products like UPS, Multimedia Products, net working products, peripherals,
imaging products, laptop, note books, inverters etc. both present and future. |
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Short particulars
of the property charged |
To secure the OD
limits of Rs. 10.000 Millions (which includes sublimit of Rs. 50 against
stocks) and for all costs interests and other charges thereon, first charge
and hypothecation of Book debts, receivables and stock of all types of IT
related products like UPS, Multimedia Products, net working products,
peripherals, imaging products, laptop, note books, inverters etc. both
present and future. |
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Date of latest
modification prior to the present modification |
NA |
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Particulars of
the present 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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs. 39.32 |
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UK Pound |
1 |
Rs. 81.82 |
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Euro |
1 |
Rs. 56.90 |
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 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
3 |
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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 |
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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30 |
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. |
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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