MIRA
INFORM REPORT
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Report Date : |
06.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
SANRITA OVERSEAS PRIVATE LIMITED |
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Registered Office : |
North Canary Hill Road, Dipugarah, Hazaribag – 825 301, Jharkhand |
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Country : |
India |
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Date of Incorporation : |
05.02.2008 |
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Com. Reg. No.: |
13036 |
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CIN No.: [Company
Identification No.] |
U17300JH2008PTC013036 |
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IEC No.: |
2107002622 |
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PAN No.: [Permanent
Account No.] |
AALCS6383C |
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Legal Form : |
Private Limited Liability Company
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Line of Business : |
Trader and Exporter of Readymade Garments, fabrics, Agricultural Equipment
like Tractor, Teller, Hood, Hitch, Cultvator etc. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to complete first full year of its
operations. The management parted general information. Trade relations are fair. No complaints have been heard. The company can be considered for business dealings on safe and
secured terms, initially. |
LOCATIONS
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Registered Office : |
North Canary Hill Road, Dipugarah, Hazaribag – 825 301, Jharkhand,
India |
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Tel. No.: |
91-6546-272258 / 270579 |
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Mobile No.: |
91-9934154035 |
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Fax No.: |
91-6546-272258 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
Located at ·
Tirupur ·
Ludiyana ·
Delhi ·
Mumbai |
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Branch Office : |
Flat No.201, 2nd Floor, Manoher Sadan, Bunder Road, Tere
Gully, Versova, Andheri (West), Mumbai – 400 061, Maharashtra, India |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. Shashank Sinha |
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Designation : |
Director |
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Address : |
Dipugarha, Hazaribag |
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Date of Birth/Age : |
29.08.1986 |
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Qualification : |
MBA |
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Experience : |
2 Years |
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Name : |
Mrs. Rita Sinha |
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Designation : |
Director |
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Address : |
Dipugarha, Hazaribag |
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Date of Birth/Age : |
01.02.1960 |
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Qualification : |
Graduation |
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Experience : |
12 Years |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
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Shashank Sinha |
5000 |
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Rita Sinha |
5000 |
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Total |
10000 |
BUSINESS DETAILS
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Line of Business : |
Trader and Exporter of Readymade Garments, fabrics, Agricultural Equipment
like Tractor, Teller, Hood, Hitch, Cultvator etc. |
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Products : |
·
Tops ·
T-Shirts ·
Cardigans for Ladies ·
Shirts, etc. |
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Brand Names : |
Sanrita, Escorts |
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Terms : |
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Selling : |
L/C and Cash |
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Purchasing : |
L/C, Cash and Credit (90 days) |
PRODUCTION STATUS
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Particulars |
Installed
Capacity |
Actual
Production |
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Garments and Fabrics |
100000 (Monthly) |
80000 (Monthly) |
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Agri Equipment |
500 (Monthly) |
500 (Monthly) |
GENERAL
INFORMATION
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Customers : |
·
Wholesalers ·
Retailers ·
Directly Company |
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No. of Employees : |
39 (In Office 8, In Factory 26 and In Branch 5) |
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Bankers : |
State Bank of India, Bazar Branch, Branch Code – 01223 Address : Near – Laxmi Cinema Hall, Lepo Road, Hazaribag – 825 301,
Jharkhand, India |
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Facilities : |
Rs.45.000 millions |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Dhiraj Jain Chartered Accountants |
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Address : |
Bangally Coloney, Hazaribag – 825 301, Jharkhand, India |
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Mobile No.: |
91-9431365566 |
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E-Mail : |
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Associates/Subsidiaries : |
·
Sanyog Commercial Private Limited Address
:
25, Palika Market, Near Government Bus Stand, Hazaribag – 825 301, Jharkhand,
India Line
of Business : Distributor of Escorts Tractor for Whole Jharkhand ·
Hazaribag Tractors Address
:
26-30, Palika Market, Near Government Bus Stand, Hazaribag, Jharkhand, India Line
of Business : Dealer of Escorts Tractor for Hazaribag, Koderma, Chatra, Ramgarh |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY
FURTHER INFORMATION
Nil
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] 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.49.69 |
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UK Pound |
1 |
Rs.72.96 |
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Euro |
1 |
Rs.63.46 |
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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