- Summary Information
|
Company Name |
TIME OTC CHEM PRIVATE LIMITED |
Principal Name 1 |
Mr. Sanat N. Shah |
|
Status |
Defunct Company |
Principal Name 2 |
Mrs. Sudha S. Shah |
|
Street Address |
73 Shanti Sadan, 3rd Floor,
Sion West, Mumbai – 400023, Maharashtra,India. |
||
|
Established Date |
24.01.1995 |
SIC Code |
-- |
|
Telephone# |
91-22-24057763/ 24057764 |
Business Style 1 |
NA |
|
Fax # |
91-22-24057766/ 24073438 |
Business Style 2 |
NA |
|
Homepage |
- |
Product Name 1 |
- |
|
# of employees |
- |
Product Name 2 |
- |
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Paid up capital |
- |
Product Name 3 |
- |
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Shareholders |
- |
Banking |
- |
|
Public Limited Corp. |
NO |
Business Period |
13 years |
|
IPO |
NO |
International Ins. |
- |
|
Public Enterprise |
NO |
Rating |
C |
|
Related Company |
|||
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Relation – Sister Concern |
Country |
Company Name |
TIME OTC CHEM |
|
Note |
- |
||
- Summary Financial Statement
|
Balance Sheet as of |
- |
(Unit: Indian Rs.) |
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Assets |
Liabilities |
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Current Assets |
- |
Current Liabilities |
- |
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Inventories |
- |
Long-term Liabilities |
- |
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Fixed Assets |
- |
Other Liabilities |
- |
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Deferred Assets |
- |
Total Liabilities |
- |
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Invest& other Assets |
- |
Retained Earnings |
- |
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|
- |
Net Worth |
- |
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Total Assets |
- |
Total Liab. & Equity |
- |
|
Total Assets (Previous Year) |
- |
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P/L Statement as of |
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Sales |
- |
Net Profit |
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|
Sales(Previous yr) |
- |
Net Profit(Prev.yr) |
- |
MIRA
INFORM REPORT
|
Report Date : |
18.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TIME OTC CHEM PRIVATE LIMITED |
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Formerly Known As : |
FOURESS IMPEX PRIVATE LIMITED |
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Registered Office : |
73 Shanti Sadan, 3rd Floor, Sion West, Mumbai – 400023,
Maharashtra. |
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Country : |
India |
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Date of Incorporation : |
24.01.1995 |
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Com. Reg. No.: |
11-84882 |
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CIN No.: [Company
Identification No.] |
U51490MH1995PTC084882 |
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|
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|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMT07496G |
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|
Legal Form : |
Private Limited Liability Company. |
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|
Line of Business : |
NA |
RATING &
COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Defunct Company |
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|
Comments : |
As the subject is poor in Corporate Governance and not prepared or
field financials since 1995, it can be reported as defunct company. The company can be considered for any business dealings on safe and
secured trade terms and conditions. |
LOCATIONS
|
Registered Office : |
73 Shanti sadan, 3rd Floor, Sion West, Mumbai – 400023,
Maharashtra, India. |
|
|
|
|
Head Office : |
103, Building 6, Jogani Industrial Complex, Chunabhatti (East),
Mumbai, Maharashtra, India. |
|
Tel. No.: |
91-22-24057763 / 24057764 |
|
Fax No.: |
91-22-24057766 / 24073438 |
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E-Mail : |
DIRECTORS
|
Name : |
Mr. Sanat N. Shah |
|
Designation : |
Director |
|
Address : |
73 Shanti sadan, 3rd Floor, Sion West, Mumbai – 400023,
Maharashtra, India. |
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|
|
|
Name : |
Mrs. Sudha S. Shah |
|
Designation : |
Director |
|
Address : |
73 Shanti sadan, 3rd Floor, Sion West, Mumbai – 400023,
Maharashtra, India. |
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|
|
|
Name : |
Mr. Sunil S. Shah |
|
Designation : |
Director |
|
Address : |
73 Shanti sadan, 3rd Floor, Sion West, Mumbai – 400023,
Maharashtra, India. |
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|
|
|
Name : |
Mr. Sachin S. Shah |
|
Designation : |
Director |
|
Address : |
73 Shanti sadan, 3rd Floor, Sion West, Mumbai – 400023,
Maharashtra, India. |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
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|
|
|
Mr. Sanat Shah |
|
10 |
|
Mrs. Sudha Shah |
|
10 |
|
Mr. Sunil Shah |
|
10 |
|
Mr. Sachin Shah |
|
10 |
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|
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Total |
|
40 |
BUSINESS DETAILS
|
Line of Business : |
NA |
GENERAL
INFORMATION
|
Bankers : |
Not Available |
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Banking
Relations : |
- |
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|
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|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs. 10/- Each |
Rs. 100000 |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
40 |
Equity Shares |
Rs. 10/- Each |
Rs.400 |
FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY
FURTHER INFORMATION
Note:
Subject has not field any financials and annual return since year 1995
when it was incorporated.
Management also runs another concern having identical name but as a
partnership whose full details are given as sister concern.
IDENTIFICATION
DETAILS
|
Name : |
TIME OTC CHEM |
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|
Registered Office : |
#103, Building 6, Jogani Indl. Complex, Chunabhatti East, Mumbai –
400022, Maharashtra. |
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|
Country : |
India |
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Date of Incorporation : |
June 2001 |
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IEC No.: |
0304023884 |
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PAN No.: [Permanent
Account No.] |
AACFT2881L |
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Legal Form : |
Partnership Concern with an unlimited liability of the partners. |
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Line of Business : |
Suppliers and Exporter of wide range of Homecare and Healthcare
Daily-Use Disposable Products. |
INFORMATION PARTED
BY
|
Name : |
Mr. Sunil Shah |
|
Designation : |
Manager |
|
Contact No.: |
91-215-12878 |
|
Date : |
16.12.2008 |
LOCATIONS
|
Registered Office : |
#103, Building 6, Jogani Indl. Complex, Chunabhatti East, Mumbai –
400022, Maharashtra, India. |
|
Tel. No.: |
91-22-24057763 / 24057764 |
|
Mobile No.: |
98-210-25438 |
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Fax No.: |
91-22-24057766 / 24073438 |
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E-Mail : |
|
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Website : |
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Area : |
600 sq.ft. |
|
Location : |
Owned |
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Factory : |
#205, Building 9, Jogani Indl. Complex, Chunabhatti East, Mumbai –
400022, Maharashtra, India. |
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Tel. No.: |
91-22-22945777 |
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Fax No.: |
91-22-24057766 |
|
E-Mail : |
|
|
Area : |
600 sq.ft. |
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Sanat Shah |
|
Designation : |
Partner |
|
Address : |
Sion |
|
Date of Birth/Age : |
69 years |
|
Qualification : |
B.Pharma |
|
Experience : |
45 years |
|
|
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|
Name : |
Mr. Sachin Shah |
|
Designation : |
Partner |
|
Address : |
Sion |
|
Date of Birth/Age : |
33 years |
|
Qualification : |
B.Com, DMM |
|
Experience : |
9 years |
BUSINESS DETAILS
|
Line of Business : |
Suppliers and Exporter of wide range of Homecare and Healthcare
Daily-Use Disposable Products. |
|
|
|
|
Products with Brand Names: |
|
GENERAL
INFORMATION
|
Customers : |
|
|
|
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No. of Employees : |
14 (in office 9 + 5 in factory) |
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|
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|
Bankers : |
Ø Bank of India, Sion
Circle West, Sion West, Mumbai – 400022, Maharashtra, India. |
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Banking
Relations : |
- |
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Auditors : |
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|
Name : |
Manoj Khanna and Company Chartered Accountant Mumbai |
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Sister Concerns: |
Ø Time
International Activity: - importer, Exporter of Chemicals, Pharmaceuticals,
Agrochemicals. Ø Time Chemicals Activity :- Agency House of Indian – Made Chemicals |
CAPITAL STRUCTURE
Not Available
FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.33 |
|
UK Pound |
1 |
Rs.73.92 |
|
Euro |
1 |
Rs.66.69 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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