MIRA
INFORM REPORT
|
Report Date : |
31.10.2007 |
IDENTIFICATION
DETAILS
|
Name : |
SHALIMAR PRECISION ENTERPRISES PRIVATE LIMITED |
|
|
|
|
Registered Office : |
A - 61, Naraina Industrial Area, Phase – I, New Delhi – 110 028 |
|
|
|
|
Country : |
India |
|
|
|
|
Date of Incorporation : |
28.04.2006 |
|
|
|
|
Com. Reg. No.: |
55 -148494 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74991DL2006PTC148494 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELS30261A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Automobile Spare Part, Bicycle Parts,
Hand Tools, Electrical, Sanitary, Handicraft items and Public Address
Systems. |
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company and yet to establish its track. No payment
records are available. Initially, the company can be considered for any business dealings on
safe and secured trade terms and conditions, only. |
LOCATIONS
|
Registered Office / Corporate Office : |
A - 61, Naraina Industrial Area, Phase – I, New Delhi – 110 028 |
|
Tel. No.: |
91-11-45003000 |
|
Fax No.: |
91-11-25892131 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
|
Name : |
Mr. Rahul Kochhar |
|
Designation : |
Director |
|
Email: |
|
|
|
|
|
Name : |
Mr. Siddharth Kochhar |
|
Designation : |
Director |
|
Email: |
KEY EXECUTIVES
|
Name : |
Mr. Rajan Kochhar |
|
Designation : |
President |
|
Address : |
B -6/73, Safederjang Enclave, new Delhi – 110 029, India |
|
Date of Birth/Age : |
02.03.1958 |
|
Email: |
|
|
Directorship in the Other companies: |
·
CIN of the Company: U74899DL1981PTC011911 Name of the Company: Shalimar
International Private Limited Designation : Director ·
CIN of the Company: U74899DL1981PTC012203 Name of the Company: Shalu Services
Private Limited
Designation : Director |
|
Partnership held in the partnership firm: |
Name of the Partnership Firm: Shalimar Enterprises Address: B -6/73, Safderjang Enclave, new Delhi – 110 029, India |
|
|
|
|
Name : |
Mr. Shalindar Kochhar |
|
Designation : |
Vice president |
|
Address : |
B -6/73, Safederjang Enclave, New Delhi – 110 029, India |
|
Date of Birth/Age : |
25.01.1960 |
|
Email: |
|
|
Directorship in the Other companies: |
· CIN of the Company: U74899DL1981PTC011911 Name of the Company: Shalimar
International Private Limited Designation : Director |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Automobile Spare Part, Bicycle Parts, Hand
Tools, Electrical, Sanitary, Handicraft items and Public Address Systems. |
|
|
|
|
Products : |
· Steering and Suspension Parts · Gears · Bearings · Cables · Gaskets · Pulleys · Trailer |
GENERAL
INFORMATION
|
Bankers : |
Canara Bank Address: B -39, Connaught Circus, New
Delhi – 110 001, Delhi, India Email: delhi1588@canbank.co.in |
|
|
|
|
Banking
Relations : |
Unknown |
|
|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity shares |
Rs. 10/- each |
Rs. 1.000 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]
Financials:
No financials are
available since incorporation of the company.
Management of the
company remained non – co-operative during current investigation.
LOCAL AGENCY
FURTHER INFORMATION
|
Corporation identity number or foreign company registrations number of
the company |
U74991DL2006PTC148494 |
||||
|
Name of the company |
SHALIMAR PRECISION ENTERPRISES PRIVATE
LIMITED |
||||
|
Address |
A - 61, Naraina Industrial Area, Phase –
I, New Delhi – 110 028, Delhi |
||||
|
This Form is for |
Creation of charge |
||||
|
Type of Charges |
Others |
||||
|
Particular of the charge holder
|
Canara Bank Address: B -39, Connaught Circus, New
Delhi – 110 001, Delhi, India Email: delhi1588@canbank.co.in |
||||
|
Nature or description of the instrument creating charge |
Counter Indemnity Agreement , Counter
Indemnity Letter for Negotiation / purchaser/ Discount of Bills |
||||
|
Date of the instrument creating charge |
28.11.2006 |
||||
|
Amount Secure by the charge |
Rs. 12.150 millions |
||||
|
Brief of the principal terms and conditions and extent and operation
of the charge |
Rate
of interest: FDB/ FBE (O) limit – 8.25% p.a. compounded
monthly subject to change from time to time BG (ST) Limit – As would prevail
at the time of arising of any liability under the limit. Term
of repayments: Payable on demand Margin: As may be stipulated by the Bank from time
to time Extent
and operation of the charge 100% Others The above is to secure all amounts payable
under the following credit facilities granted to the Company with all
interest, costs, charge, expenses, commission etc.
|
WEBSITE DETAILS:
Subject introduces their selves as a company with a
professional approach that is aimed at result orientation. With roots that go
back to more than 40 yrs, they have etched a respectable place for their selves
in the international market by exporting quality products. Shalimar Enterprises
today is one of the leading manufacturer and exporter of a wide range of
products and has a presence in over 35 countries. Their excellent performance
over the years has also earned them the status of a star trading house,
recognized by the government of India
Mision and Core Values:
Their mission has always been to provide value solutions to
their customer's auto needs and to keep up to their promise of superior quality
and efficient service, which they believe can only be achieved through
teamwork, training and motivation of its workforce and through the joint
efforts of the entire team.
It is their company's policy to delight their customers by supplying consistent
quality products as per their specified requirements and delivery schedules at
most competitive prices which is also their company's motto. "Quality at
competitive price in time and all the time"
Gamut of Products:
They unfold their exclusive range of products that are
engineered in accordance with their clients' requirements:-
Automobile Spare part:
They have a wide range of automobile spares for various
international makes. For detailed information please click on the auto division
link.
Bicycle parts:
Their range includes chain wheels and cranks, free wheels,
hubs, pedals, pedal axles, handle bars, forks and fork fittings, saddles, brake
sets, mud guards, frames, tyres and tubes and rims.
Hand Tools:
Their specialization is primarily in automotive hand tools
which include wheel spanners, cross spanners, combination spanners, double open
end spanners, ring spanners, screw drivers, pliers, and grease guns.
Electrical:
Their range includes switch gears, changeovers, fuse units, mcbs,
distribution boards, stay rods, earth rods.
Sanitary:
Their range includes big cocks, piller cocks, pop-ups, towel rods, towel
rings, soap dish, paper holder, coat hooks, sanitary pipes and a wide range of
sanitary fittings.
Handicraft items:
This division was started in the year 2000 and since then
the firm has participated in various handicraft exhibitions worldwide. Product
range includes bags, marble items and other accessories.
Public Address Systems:
Their range includes amplifiers, cassette amplifiers, and
megaphones, driver units, paging speaker, audio mixers, horn speakers,
combination speakers, reflex horns, column speaker and microphones for all
applications.
Excellence:
They are an ISO-9001:2000 company accredited by Underwriters
Laboratories, U.S.A. They have earned a commendable reputation for reliability
and quality due to their adherence to uncompromising standards of quality.
Total Quality Control is built into the organizational structure and they
ensure that highest quality products are delivered to their clients for their
total satisfaction. Their team of experts ensure that finest quality material
is used and maintain a strict vigil on the manufacturing process.
Facilities:
They possess state-of-the-art production units that are
backed by hi-tech machines and modern equipment. They are constantly exploring
new advancements in technology that provide real benefits to the products they
engineer. Their new techniques, streamlined production process and their
cutting edge research and development facilities have kept their product range
with the international trends. Their R and D team is continuously involved in
product development and product innovation. They also offer excellent packaging
facilities to ensure that the products are delivered safely to their clients.
Clintage:
The support and response of their clients have encouraged
them to improve their performance at each and every step. They are currently
exporting their products to 35 countries in the regions of Africa, Europe,
Latin America and the Middle East. Their overseas associates in certain regions
have further contributed to their success and their regular participation in
various trade fares worldwide has made their company even more reputed for its
brands.
Shalimar in the past few years have allocated its authorized distributors in
different parts of the world that are engaged in the exclusive distributorship
of its various products. They have overseas links in the following countries.
Overseas Associate
Offices
Shalimar in the past few years have allocated its authorized distributors in different parts of the world that are engaged in the exclusive distributorship of its various products. They have overseas links in the following countries.
· Johannesburg,
· South Africa
· London,
· United Kingdom
· Lagos Nigeria
· Dubai,
· UAE
· Casablanca,
· Morocco
· Durban,
·
South Africa
SERVING REPUTED BRANDS Of AUTO INDUSTRY:-
|
Bedford |
Miscellaneous |
|
BMW |
Nissan |
|
Benz |
Opel |
|
Citroen |
Pal |
|
Daewoo |
Payken |
|
Fiat |
Peugeot |
|
Ford |
Russian Cars |
|
GM |
Renault |
|
HM |
Seat |
|
Hyundai |
Suzuki/Maruti |
|
ISUZU |
Toyota |
|
Korean Cars |
Tractors |
|
Mazda |
Trailers |
|
Mahindra |
Tata |
|
Mitsubishi |
Volkswagen |
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.39.40 |
|
UK Pound |
1 |
Rs.81.12 |
|
Euro |
1 |
Rs.56.69 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
--- |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
--- |
|
--PROFITABILIRY |
1~10 |
--- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
--- |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
15 |
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/normal. |
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 |
|