MIRA
INFORM REPORT
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Report Date : |
17.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
SAILEELA TRADING PRIVATE LIMITED |
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Registered Office : |
28/8/HE/SC/, Shastri Nagar Co Operative Housing Society, Bandra
(East), Mumbai-400051, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
11.12.2006 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trader of Chemical dyes and Ornaments 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 : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a small traders. It has yet to establish track. No payment
records are available. The company can be considered for any business dealing on safe and
secured trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Vijay Taware |
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Designation : |
Director |
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Contact No.: |
91-9967481000 |
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Date : |
15.12.2008 |
LOCATIONS
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Registered Office : |
28/8/HE/SC/, Shastri Nagar Co Operative Housing Society, Bandra
(East), Mumbai-400051, Maharashtra, India |
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Tel. No.: |
91-22-23463499 |
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Mobile No.: |
91-9967481000 |
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Fax No.: |
91-22-23463499 |
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E-Mail : |
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Area : |
500 sq.ft (Owned) |
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Corporate Office : |
15, Bhatia Niwas, 3rd Floor, 233/235 Samual Street, Masjid
Bunder, Mumbai-400003, Maharashtra, India |
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Tel. No.: |
91-22-23463499/ 56356921/ 56356921 |
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Fax No.: |
91-22-23463499 |
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Mobile No.: |
91-9820099692 |
DIRECTORS
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Name : |
Mr. Ajay S Taware |
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Designation : |
Director |
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Date of Birth/Age : |
33 Years |
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Qualification : |
B.Com |
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Name : |
Mr. Nitin A Gharat |
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Designation : |
Director |
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Address : |
11-Vishwa Darshan Chawl, Jai Ganesh Nagar, Virar Road, Nalasopara
(East), Thane-401209, Maharashtra, India |
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Date of Birth/Age : |
11.07.1975 |
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Qualification : |
HSC |
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Name : |
Mr. Vijay Suresh Taware |
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Designation : |
Director |
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Address : |
28/8/HE/SC/, Shastri Nagar Co Operative Housing Society, Bandra
(East), Mumbai-400051, Maharashtra, India |
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Date of Birth/Age : |
15.10.1971 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Vijay Suresh Taware |
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5000 |
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Nitin Arjun Gharat |
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5000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Trader of Chemical dyes and Ornaments etc. |
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Terms : |
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Selling : |
Credit ( 90 Days) |
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Purchasing : |
Credit ( 90 Days) |
GENERAL
INFORMATION
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Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
2 |
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Bankers : |
Dena Bank, Ghatkopar Branch |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Soni and Nagada Chartered Accountant |
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Associates/Subsidiaries : |
Navpad Export Private Limited Address: 28/8/HE/SC/, Shastri Nagar Co Operative Housing Society,
Bandra (East), Mumbai-400051, Maharashtra, India Line of Business: Trader of Ornaments and paper |
CAPITAL STRUCTURE
Authorised 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 |
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 |
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FINANCIAL DATA
[all figures are in Rupees Millions]
No Financials are available since incorporation of the company.
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Particulars |
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31.03.2008 |
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Sales Turnover |
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5.000 |
Expected Sales (2008-09) : Rs. 5.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
·
Cromptan Greaves Limited
·
Prime Securities Limited
Observation Points:
Name of Board: Not Sighted
Visibility of Name Board: Moderate
Location: Easy
Landmark: 3rd Floor
Locality: Office
Approximtely Market Value of Premises: 225
sq.ft
Area: Upmarket
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.47.82 |
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UK Pound |
1 |
Rs.73.08 |
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Euro |
1 |
Rs.65.56 |
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 |
2 |
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OPERATING SCALE |
1~10 |
1 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
1 |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
1 |
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--LEVERAGE |
1~10 |
1 |
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--RESERVES |
1~10 |
1 |
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--CREDIT LINES |
1~10 |
1 |
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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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11 |
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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