MIRA
INFORM REPORT
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Report Date : |
25.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
FUTURA DOOR PRODUCTS PRIVATE LIMITED |
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Registered Office : |
Office No. 12, 1st Floor, Santosh Heights, Opp, Apsara Theatre,
Pune – 411 037, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
13.11.2007 |
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Com. Reg. No.: |
130977 |
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CIN No.: [Company
Identification No.] |
U20212PN2007PTC130977 |
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IEC No.: |
3101016730 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNEF01052C |
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PAN No.: [Permanent
Account No.] |
AABKF1493J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer, Exporter, Importer and Supplier of Stylish Doors. |
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 : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and appears to be doing well. It’s trade
relations are fair. No Payments are available. However, the company can be considered for any business with slight
caution at usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Sumedh |
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Designation : |
Assistant Director |
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Contact No.: |
91-9326190271 |
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Date : |
23.08.2008 |
LOCATIONS
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Registered Office : |
Office No. 12, 1st Floor, Santosh Heights, Opp, Apsara Theatre,
Pune – 411 037, Maharashtra, India |
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Tel. No.: |
91-20-30529555 |
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Mobile No.: |
91-9371008351 |
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Fax No.: |
91-20-26454847 |
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E-Mail : |
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Area : |
2000 Sq. ft. |
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Location : |
Owned |
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Factory 1 : |
755/1, Theuphata, Pune, Salapur Road, Kunjriwadi, Pune – 412 201,
Maharashtra, India |
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Area : |
2 Acre |
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Location : |
Rented |
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Factory 2 : |
Gate No. 209, Moshi Dave Road, Near R R Wagh, Chikli Road, Pune, Maharashtra,
India |
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Area : |
1 Acre Sq. ft. |
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Location : |
Leased |
DIRECTORS
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Name : |
Mr. Haren Ashok Bhayani |
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Designation : |
Director |
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Address : |
B 2/401, Gagan Vihar, Bibvewadi, Pune – 411 037, Maharashtra, India |
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Date of Birth/Age : |
14.03.1973 |
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Experience : |
15 Years |
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Name : |
Mr. Hemal Ashok Bhayani |
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Designation : |
Director |
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Address : |
B 2/401, Gagan Vihar, Bibvewadi, Pune – 411 037, Maharashtra, India |
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Date of Birth/Age : |
01.04.1974 |
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Experience : |
12 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter, Importer and Supplier of Stylish Doors. |
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Products : |
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Exports : |
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Products : |
Doors |
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Countries : |
Dubai |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
·
China ·
Bangladesh |
GENERAL
INFORMATION
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Customers : |
End Users Builders |
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No. of Employees : |
354 (In Office 4 and In Factory 350) |
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Bankers : |
Bank of Maharashtra Bajirao Road Branch, Bajirao Road, Budhwar Peth, Pune – 410 002,
Maharashtra, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. Sharma Chartered Accountants |
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Address : |
Santosh Height, 3rd Floor, Opp, Apsara Theatre, Market Yard
Road, Pune – 411 037, Maharashtra, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
No Financials are available since
incorporation as it is a new company.
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance Chart
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Parameters |
Details |
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Existence Verification |
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Name |
FUTURA DOOR PRODUCTS PRIVATE LIMITED |
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Statutory Approvals |
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Legal Status of Firm |
Private Limited |
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Income Tax Registration |
AABKF1493J |
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Central Sales Tax Registration |
27900637713C |
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VAT/ TIN Registration |
27900637313V |
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Excise Registration |
AABKF1493J XM001 |
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Import Export Code |
3101016730 |
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Name of Bank |
Bank of Maharashtra |
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Current Account Number |
60003488702 |
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Account Since |
1 Year |
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Credibility Factors |
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IndiaMART Client Since |
1 Year |
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Years of Establishment |
2007 |
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Turn Over |
2007-2008 Rs.120.000 millions |
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Turn Over Year |
2008-2009 Rs.500.000 millions |
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Trade Affiliations |
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SSI Registration |
27251102295 |
Trade References
·
Luda Builders – Mumbai
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Runwai Builders Mumbai – Pune
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Ajmera Group Builders Mumbai - Pune
Web Details
Profile
Established in the year 2000,
Subject has been manufacturing, exporting, importing and supplying stylish
doors made of high quality materials. They have acquired specialization in
making fiber glass re-enforced plastic doors and door frames. The doors find
multifarious uses in all kinds of buildings like hospitals, hotels, industrial
structures, schools, colleges, hostels commercial complexes and residential
projects.
The Chairman and Director of the company Mr. Hareen Bhavani has spearheaded the
growth of the organization and brought it recognition and approval from clients
all around the world. Under his able leadership they have been able to firmly
entrench themselves in the recall of their customers in a relatively short
period of time.
Assembled doors are being
preferred everywhere because they cut down on construction time and they have
been able to tap into this need to provide world class doors.
Clientele
It is
a testimony to the commitment to quality that the clients base exists around
the globe. The pursuit of excellence has endeared them to customers the world
over and the products find appreciation all around. The esteemed client list
boasts of clients from:
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India
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Middle East
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Magarpatta township,Pune
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Ajmera Housing,Mumbai
To widen the client reach they
regularly participate in the Inside Outside Mega Show in Mumbai and Pune and
were also participants in the Constro 2008, Pune.
The frp doors and frames are
designed for a multitude of applications, are constantly being modified to
accommodate today's environmental demands and customized to meet any
architectural design. This has ensured for them a very satisfied clientele in
the country and internationally.
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.43.38 |
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UK Pound |
1 |
Rs.81.34 |
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Euro |
1 |
Rs.64.55 |
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 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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 |
YES |
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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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35 |
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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