MIRA
INFORM REPORT
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Report Date : |
04.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
TASC CHEMICAL INDUSTRIES PRIVATE LIMITED |
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Registered Office : |
C – 502, Kailash Espland, Opposite Shreyads Cinema, L B S Marg,
Ghatkopar (West), Mumbai – 400086, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
28.10.1986 |
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Com. Reg. No.: |
11-41416 |
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CIN No.: [Company
Identification No.] |
U24110MH1986FTC041416 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMT05801F |
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PAN No.: [Permanent
Account No.] |
AAACT3152H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trader for Chemicals, Solvents and Pharmaceuticals Products |
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 : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a pretty old company but has not filed any financials with
the government departments till date. The management parted general details
but declined to part with financials. No complaints have been heard. The company can be considered for business dealings with slight
caution initially in view of non-availability of financials. |
INFORMATION PARTED
BY
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Name : |
Mr. Shivdas |
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Designation : |
Accountants Manager |
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Contact No.: |
91-9322050060 |
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Date : |
03.12.2008 |
LOCATIONS
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Registered Office : |
C – 502, Kailash Espland, Opposite Shreyads Cinema, L B S Marg,
Ghatkopar (West), Mumbai – 400086, Maharashtra, India |
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Tel. No.: |
91-22-25008861/ 62/ 63/ 25008864/ 25002155 |
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Mobile No.: |
91-9821221889/ 9322050060 |
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Fax No.: |
91-22-25002155 |
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E-Mail : |
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Website : |
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Area : |
1000 sq. ft. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Viresh N. Thakkar |
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Designation : |
Director |
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Address : |
Block 204 D/31, Yogi Nagar Excer Road, Borivali (West), Mumbai –
400093, Maharashtra, India |
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Date of Birth/Age : |
04.07.1955 |
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Date of Appointment : |
15.02.1995 |
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Name : |
Mr. Amit J. Jasani |
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Designation : |
Director |
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Address : |
6-D/ 203, Damodar Park, L B S Marg, Ghatkopar (West), Mumbai – 400086,
Maharashtra, India |
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Date of Birth/Age : |
25.11.1966 |
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Date of Appointment : |
15.02.1995 |
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Name : |
Mr. Sanjay R. Ponda |
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Designation : |
Director |
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Address : |
A-1-34, Highland Park, Near Jaishashtri Nagar, Mulund Colony, Mulund
(West), Mumbai – 400082, Maharashtra, India |
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Date of Birth/Age : |
12.09.1962 |
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Date of Appointment : |
31.01.2008 |
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Name : |
Mr. Mahesh N. Thakkar |
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Designation : |
Director |
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Address : |
13, Arihant, Haridas Nagar, Shimpoli Road, Borivali (West), Mumbai –
400092, Maharashtra, India |
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Date of Birth/Age : |
13.06.1958 |
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Date of Appointment : |
31.01.2008 |
KEY EXECUTIVES
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Name : |
Mr. Shivdas |
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Designation : |
Accountants Manager |
BUSINESS DETAILS
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Line of Business : |
Trader for Chemicals, Solvents and Pharmaceuticals Products |
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Products : |
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Imports : |
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Countries : |
China |
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Terms : |
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Selling : |
Credit (30-60-90 days) |
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Purchasing : |
Credit (30-60-90 days) |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
25 |
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Bankers : |
301, Trade Plaza, 414 Veer Savarkar Marg, Prabhadevi, Mazgaon, Mumbai
– 400010, Maharashtra, India |
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Facilities : |
CC – Rs. 5.000 Millions |
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Banking Relations
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- |
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Auditors : |
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Name : |
Nitin Pota and Company Chartered Accountant |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1400000 |
Equity Shares |
Rs.10/- each |
Rs.14.000 Millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference:
- Deepak Fertilizer – Taloja
- S. C. Shah and Company - Mumbai
Form 8:
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Corporate
identity number of the company |
U24110MH1986FTC041416 |
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Name of the
company |
TASC CHEMICAL INDUSTRIES PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
C – 502, Kailash Espland, Opposite Shreyads Cinema, L B S Marg,
Ghatkopar (West), Mumbai – 400086, Maharashtra, India |
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This form is for |
Modification of Charge |
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Type of charge |
Movable Property |
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Particular of
charge holder |
Development Credit Bank Limited 301, Trade Plaza, 414 Veer Savarkar Marg, Prabhadevi, Mazgaon, Mumbai –
400010, Maharashtra, India CIN: L99999MH1995PLC089008 Email: vijaykurankar@dcbl.com |
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Nature of
instrument creating charge |
Supplement Deed
of Hypothecation (I) Additional Limited Date 14.03.2008 |
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Date of
instrument Creating the charge |
14.03.2008 |
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Amount secured by
the charge |
Rs.8.000 Millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
Extent and
Operation of the charge: The operative and
modified to Rs.8.000 Millions |
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Particulars of
the property charged |
Hypothecation in
favour of the bank all tangible movable assets in particular stock of
chemicals including there in the stocks for the time being where raw or manufactured
or in process of manufacturer. And also all produced goods and any every
tangible. |
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.49.90 |
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UK Pound |
1 |
Rs.74.30 |
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Euro |
1 |
Rs.63.42 |
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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