MIRA
INFORM REPORT
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Report Date : |
14.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
ROOPGANDH CONSUMER CARE PRIVATE LIMITED |
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Registered Office : |
29, Arasen Nagar, Mangal Colony Road, Ujjain – 456010, Madhya Pradesh |
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Country : |
India |
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Date of Incorporation : |
07.09.2007 |
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Com. Reg. No.: |
019812 |
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CIN No.: [Company
Identification No.] |
U74900MP2007PTC019812 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacture & Export of premium quality chemicals, adhesives, cleaning agents and decorative candles. |
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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Maximum Credit Limit : |
USD 10000 |
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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 : |
Mr. Yash Jain is not responding well. He remained non co-operative
during current investigations. Subject is a new company and appears to be active with an estimated
annual sales of Rs.10/15.000 Millions. However, the company’s 1st
financial are waited. No payment are available. Initially, the company are be considered for any business dealings on
safe and secured trade terms and conditions. |
INFORMATION
DECLINED BY
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Name : |
Mr. Yash Jain |
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Date : |
10.07.2008 |
LOCATIONS
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Registered / Head Office : |
29, Arasen Nagar, Mangal Colony Road, Ujjain – 456010, Madhya Pradesh |
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Tel. No.: |
91-734-2517931 |
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Mobile No.: |
91-9425093001 |
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E-Mail : |
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DIRECTORS
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Name : |
Mr. Rajendra Kumar Jain |
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Designation : |
Director |
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Address : |
7, Tatiyatope Marg, Ujjain – 456001 |
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Date of Birth/Age : |
18.10.1949 |
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Name : |
Mr. Harshvardhan Jain |
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Designation : |
Director |
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Address : |
29, Agraen Nagar, Ujjain – 456010 |
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Name : |
Mr. Surendra Kumar Jain |
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Designation : |
Director |
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Address : |
7, Tatiyatope Marg, Ujjain – 456001 |
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Date of Birth/Age : |
10.09.1956 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As On 31.08.2007
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Names of Shareholders |
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No. of Shares |
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Mr. Rajendra Kumar Jain |
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4000 |
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Mr. Harshvardhan Jain |
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3000 |
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Mr. Surendra Kumar Jain |
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3000 |
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TOTAL |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacture & Export of premium quality chemicals, adhesives, cleaning agents and decorative candles. |
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Products : |
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GENERAL
INFORMATION
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Bankers : |
Allahabad Bank, Freeganj, Ujjain – 456010, Madhya Pradesh, India |
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E-Mail : |
Sanchar_saxena@yahoo.com |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
0.100 million |
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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 |
0.100 million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
No Financials are available as the subject is a new company.
LOCAL AGENCY
FURTHER INFORMATION
FORM 8
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This form is for |
Creation of
charge |
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Charge
identification number of the modified
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Corporate identity
number of the company |
U74900MP2007PTC019812 |
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Name of the
company |
ROOPGANDH CONSUMER CARE PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
29, Arasen Nagar, Mangal Colony Road, Ujjain – 456010, Madhya Pradesh,
India |
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Type of charge |
Book Debts Movable Property Immovable
Property |
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Particular of
charge holder |
1 |
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Nature of
description of the instrument creating or modifying the charge |
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Date of
instrument Creating the charge |
27.12.2007 |
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Amount secured by
the charge |
Rs.2.000
Millions. |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest PLR 13.25% +
0.50% (i.e. 13.75%) with monthly rest Penal rate of
interest – maximum 2%. Terms of Repayment On Demand Margin 25% Extent and Operation of the charge 1.
Primary :
hypothecation of Stock and Assignment of book debt and 2.
Colletral : Equitable mortgage of house
property situated at Plot No. 18, Arjun Nagar admeasuring 139.29 sq mtrs
together with constructions thereon belonging to Sri. Surendra Jain and Smt.
Indu Jain, President Value 2.000 millions. Others Personal gurantee of :- Director :
Rajendra Jain Director :
Surendra Jain Smt. Indu Jain
w/o Surendra Jain |
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Short particulars
of the property charged |
Hypothecation of
the company’s whole stock of raw material, WIP, Semi Finish Goods, Furnished
Goods, Such as Acid, Soda Ash, Perfumes, Dolamile, Cmctinopals, Colors,
Various Chemical and Furnished Good, Like Detergent Powder, Cake etc. Assignment of
book debts and hypothecation of all tangible movable Plant, Machinery,
Fixture and Fitting, Installations, Furniture etc. |
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.72 |
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UK Pound |
1 |
Rs.84.42 |
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Euro |
1 |
Rs.67.38 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
4 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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 |
NO |
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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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20 |
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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