BUSINESS INFORMATION REPORT
1. Summary Information
|
Company Name |
TAIYEBJI WIRES |
Principal Name 1 |
ESMAIL T. GODHRAWALA |
|
Status |
SMALL CONCERN |
Principal Name 2 |
DURRIYA E. GODHRAWALA |
|
Street Address |
NO. 6, MAHIM INDUSTRIAL ESTATE, OFF MORI ROAD, MAHIM (WEST), MUMBAI
400 016, MAHARASHTRA |
||
|
Established Date |
AROUND 2000 |
SIC Code |
|
|
Telephone# |
91-22-24466444 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-22-26053956 |
Business Style 2 |
- |
|
Homepage |
Product Name 1 |
COLOR COATED WIRES |
|
|
# of employees |
- |
Product Name 2 |
ELECTRO GALVANIZED WIRE |
|
Paid up capital |
- |
Product Name 3 |
- |
|
Shareholders |
- |
Banking |
|
|
Public Limited Corp. |
No |
Business Period |
8 YEARS |
|
IPO |
- |
International Ins. |
- |
|
Public Enterprise |
No |
Rating |
Ca |
|
Related Company |
|||
|
Relation |
Country |
Company Name |
CEO |
|
- |
- |
- |
- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2008 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
- |
Current Liabilities |
- |
|
Inventories |
- |
Long-term Liabilities |
- |
|
Fixed Assets |
- |
Other Liabilities |
- |
|
Deferred Assets |
- |
Total Liabilities |
- |
|
Invest& other Assets |
- |
Retained Earnings |
- |
|
Total Assets |
- |
Net Worth |
- |
|
Total Assets (Previous Year) |
- |
Total Liab. & Equity |
- |
|
P/L Statement as of |
31.03.2008 |
(Unit: Indian Rs.) |
|
|
Sales |
- |
Net Profit |
- |
|
Sales(Previous yr) |
- |
Net Profit(Prev.yr) |
- |
MIRA
INFORM REPORT
|
Report Date : |
19.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TAIYEBJI WIRES |
|
|
|
|
Registered Office : |
No. 6, Mahim Industrial Estate, Off Mori Road, Mahim (West), Mumbai
400 016, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Year of Establishment : |
Around 2000 |
|
|
|
|
Legal Form : |
Partnership concern with an unlimited liability of concern |
|
|
|
|
Line of Business : |
Manufacturer of Wire Ring for Spiral Book Binding. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Small concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject seems to be a very small and little known concern. The
management declined to part with any details. No further details could be made
available. The concern can be considered for any business dealings on fully safe
and secured terms only. |
INFORMATION
DECLINED BY
|
Name : |
Mr. Esmail T. Godhrawala |
|
Designation : |
Partner |
|
Contact No.: |
Mobile no. 91-9820711036 |
|
Date : |
18.12.2008 |
LOCATIONS
|
Registered Office : |
No. 6, Mahim Industrial Estate, Off Mori Road, Mahim (West), Mumbai
400 016, Maharashtra, India |
|
Tel. No.: |
91-22-32677916 |
|
Mobile No.: |
91 9820711036/ 9820070160 |
|
Fax No.: |
91-22-24466444 / 26053956 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No. 1, Survey No. 47/2, Dewan and Sons Udyog Nagar, Vevoor, Tal.
Palghar (East) - 401404, Dist. Thane, Maharashtra, India |
|
Tel. No.: |
952525-256492 / 326153 |
|
Fax No.: |
952525-326153 |
PARTNERS
|
Name : |
Mr. Esmail T. Godhrawala |
|
Designation : |
Partner |
|
Mobile No.: |
91-9820711036 |
|
|
|
|
Name : |
Mrs. Durriya E. Godhrawala |
|
Designation : |
Partner |
|
Mobile No.: |
91-9820070160 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Wire Ring for Spiral Book Binding. |
|
|
|
|
Products : |
|
GENERAL
INFORMATION
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
--- |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Available |
|
Borrowed : |
Not Available |
|
Total : |
Not Available |
FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY
FURTHER INFORMATION
PROFILE:
Subject manufactures the whole range of "WIRE-RING" DOUBLE LOOP BOOKBINDING SPIRALS, COLOR COATED WIRES and METAL SPIRALS. It took 3 years of dedicated indegenious R and D efforts to identify and develope the right technology for producing Color coated wires. This wires are supplied to all major Stationery Manufacturers and Exporters in India.
Subject has a 20,000 sq.ft. industrial plot in Palghar and total built-up factory area of 10,000 sq.ft. The Company has installed the latest high speed Wire forming machines with spoolers for making the whole range of Wire-Ring elements. It is equipped with full wire drawing and Coating plant for making all types of speciality Wires.
The company is equipped with high speed Metal Spiral coiling machines with auto-cut systems and can supply more than 0.5 Ton of Spirals per day
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 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.47.28 |
|
UK Pound |
1 |
Rs.73.43 |
|
Euro |
1 |
Rs.68.22 |
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 |
|