MIRA INFORM REPORT
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Report Date : |
01.04.2008 |
IDENTIFICATION DETAILS
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Name : |
BLUESTONE CONSTRUCTION PRIVATE LIMITED |
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Formerly Known As : |
MAHESHWARI ENTERPRISES PRIVATE LIMITED |
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Registered Office : |
M – 57, Chittaranjan Park, New Delhi – 110019 |
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Country : |
India |
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Date of Incorporation : |
22.05.1981 |
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Com. Reg. No.: |
11760 |
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CIN No.: [Company
Identification No.] |
U74899DL1981PTC011760 |
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PAN No.: [Permanent
Account No.] |
AAACM9649J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trader and Importer of Construction Products. Applicators, Representators, Contractors and Real Estate
Developers. |
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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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject seems to be a relatively small company in its field. Though the
company has filed its financials with the Government Departments, the
documents are missing. The management parted some general information, but
failed to update the financials till date. No further details could be made
available. The company can be considered for small to mediocre business dealings
with slight caution, initially, in view of non-availability of the
financials. |
INFORMATION PARTED
BY
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Name : |
Mr. Udayan Maheshwari |
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Designation : |
Director |
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Contact No.: |
91-9434076266 |
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Date : |
31.03.2008 |
LOCATIONS
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Registered Office : |
M – 57, Chittaranjan Park, New Delhi – 110019, India |
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Mobile No.: |
91-9434076266 / 9818109003 |
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E-Mail : |
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Area : |
1200 sq. ft. [Rented] |
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Branch Office : |
K – 5A/14 DLF Phase – 2, Gurgaon – 122002, Haryana, India |
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Tel. No.: |
91-124-4056569 / 2567891 |
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Fax No.: |
91-124-4056569 |
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E-Mail : |
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Area : |
3000 sq. ft. [Owned] |
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Branch Office : |
102, Trendset Parkview Apartments, 60, Shanthinagar, Hyderabad – 28,
Andhra Pradesh, India |
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Area : |
1800 sq. ft. [Leased] |
DIRECTORS
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Name : |
Mr. Udayan Maheshwari |
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Designation : |
Director |
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Date of Birth/Age : |
36 Years |
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Qualification : |
Post Graduate |
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Name : |
Mrs. Kusum Maheshwari |
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Designation : |
Director |
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Date of Birth/Age : |
57 Years |
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Qualification : |
Graduate |
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Name : |
Mr. Sharad Maheshwari |
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Designation : |
Director |
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Date of Birth/Age : |
34 Years |
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Qualification : |
M. B. A. |
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Name : |
Mr. Rohit Jain |
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Designation : |
Director |
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Date of Birth/Age : |
37 Years |
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Qualification : |
Graduate [B.Com.] |
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Name : |
Mr. P. K. Sinha |
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Designation : |
Director |
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Date of Birth/Age : |
50 Years |
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Qualification : |
M.B.A. [Diploma] |
BUSINESS DETAILS
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Line of Business : |
Trader and Importer of Construction Products. Applicators, Representators, Contractors and Real Estate Developers. |
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Products : |
Construction
Products
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Exports : |
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Products : |
All Products |
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Countries : |
Germany, China and Malaysia |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
25 |
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Bankers : |
Indian Overseas Bank, Phase 2, Gurgaon, Haryana, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Bhatia and Bhatia Chartered Accountants |
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Address : |
Delhi |
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E-Mail : |
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Associates/Subsidiaries : |
Unimark International Private Limited, Kolkata |
CAPITAL STRUCTURE
Authorised 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 |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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31220 |
Equity Shares |
Rs. 10/- each |
Rs. 0.312
Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY
FURTHER INFORMATION
Notes
The Company was started in the year 1981 by the name Maheshwari
Enterprises Private Limited and has changed its name to Bluestone Construction
Private Limited since February or March 2008.
Trade Reference
- Delhi International Airport Private Limited
- Unitech
- DLF
- Vedenta Aluminium
- CPWT for Common Wealth Games
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.97 |
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UK Pound |
1 |
Rs.79.53 |
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Euro |
1 |
Rs.63.09 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
1 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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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 |
YES |
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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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32 |
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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