1. Summary Information
|
Company Name |
MARIND PROJECTS PRIVATE LIMITED |
Principal Name 1 |
MR. KAILASH PAREKH |
|
Status |
DEFUNCT COMPANY |
Principal Name 2 |
MR. HEMANT C SHETH |
|
Street Address |
DEVASHISH BUNGALOW NO. 2, |
||
|
Established Date |
13.05.1997 |
SIC Code |
-- |
|
Telephone# |
91-9324610282/ 23736637/
23780400/ 237158474 |
Business Style 1 |
MANUFACUTERE |
|
Fax # |
91-22-23738284 |
Business Style 2 |
EXPORTER |
|
Homepage |
-- |
Product Name 1 |
ANTI POLLUTION EQUIPMENTS |
|
# of employees |
-- |
Product Name 2 |
INDUSTRIAL ELECTRONIC COMPONENTS |
|
Paid up capital |
Rs.
100000 |
Product Name 3 |
ANTI POLLUTION EQUIPMENTS COMPONENTS |
|
Shareholders |
-- |
Banking |
-- |
|
Public Limited Corp. |
NO |
Business Period |
-- |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
C |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2007 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
Current Assets – Inventories |
Current Liabilities |
-- |
|
Inventories |
-- |
Long-term Liabilities |
-- |
|
Fixed Assets |
-- |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
-- |
|
Invest& other Assets |
-- |
Retained Earnings |
-- |
|
|
|
Net Worth |
-- |
|
Total Assets |
-- |
Total Liab. & Equity |
-- |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2007 |
(Unit: Indian Rs.) |
|
|
Sales |
-- |
Net Profit |
-- |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
|
Report Date : |
22.12.2008 |
IDENTIFICATION DETAILS
|
Name : |
MARIND PROJECTS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Devashish Bungalow No. 2, |
|
|
|
|
Country : |
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|
|
|
|
Date of Incorporation : |
13.05.1997 |
|
|
|
|
Com. Reg. No.: |
11-108011 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U99999MH1997PTC108011 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Ship Spares |
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 |
|
|
|
|
Comments : |
Subject has no track of performance and financial status. Several
messages left for Mr. Kirit Kamdar but yet to receive response from him. It would be prudent to deal with the company on safe and secured trade
terms and conditions. No further details could be available. Management remained non-cooperative during current investigation. |
LOCATIONS
|
Registered Office : |
Devashish Bungalow No. 2, |
|
Tel. No.: |
91-9324610282/ 23736637/ 23780400/ 237158474 |
|
Fax No.: |
91-22-23738284 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
9 24 7, Bharat Villa, C.B. M Compound, Visakhapatnam-400005, |
|
Tel. No.: |
91-891-2755954 |
|
Fax No.: |
91-891-2760738 |
DIRECTORS
|
Name : |
Mr. Kailash Parekh |
|
Designation : |
Director |
|
Address : |
61, Parekh Chambers, 1st Floor, |
|
Date of Appointment : |
08.08.2001 |
|
|
|
|
Name : |
Mr. Hemant C Sheth |
|
Designation : |
Director |
|
Address : |
4A, Apeejay Surendra House, 24, |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Kirit Parekh |
|
100 |
|
Hemant C Sheth |
|
100 |
|
Total |
|
200 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Ship Spares |
|
|
|
|
Products : |
·
Anti Pollution Equipments ·
Industrial Electronic Components ·
Anti Pollution Equipments Components ·
Industrial Electronic Components |
GENERAL INFORMATION
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.100
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note:
No financials are available since incorporation of the company. It can not
be available from any other sources.
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,
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.08 |
|
|
1 |
Rs.71.17 |
|
Euro |
1 |
Rs.66.98 |
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 |
|