MIRA
INFORM REPORT
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Report Date : |
04.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
RAJMATA ENTERPRISES |
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Registered Office : |
W -146, 147 S Bloack, MIDC, Bhosari, Pune – 411026, Maharashtra |
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Country : |
India |
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Financial as on : |
31.03.2008 |
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Year of establishment : |
1982 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNER00039E |
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Legal Form : |
Partnership concern with an unlimited Liability of the partners. |
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Line of Business : |
Manufacturer of Auto Press Components |
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 : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Unknown |
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Comments : |
Management of the concern remained non- cooperative during current
investigation. Claiming that they work for single company and they will not
inquire for them. The concern is unknown to the consulted trade and business circles. No indirect sources could be of any help to be in completing full
report despite of our continuous efforts. Scale of operation appears as
small. In absence of business and financial details, it would be prudent to
deal with the concern on fully safe and secured trade terms and conditions
only. |
INFORMATION PARTED
BY
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Name : |
Mr. Raju |
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Designation : |
Manager |
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Date : |
03.06.2008 |
LOCATIONS
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Registered Office/ Factory : |
W -146, 147 S Bloack, MIDC, Bhosari, Pune 411026, Maharashtra, India |
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Tel. No.: |
91-20-27122345 |
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Mobile No.: |
91-9960224224 / 9822266700 |
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Fax No.: |
91-20-27122345/ 27110448 |
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E-Mail : |
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Area : |
12000 sq ft |
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Location : |
Owned |
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Commercial
Office : |
Survey No.208, Railway Station Road, Above Gokul Hotel, Pimpri, Pune,
Maharashtra, India |
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Tel No.: |
91-20-27425455 |
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Area : |
4000 sq ft |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. J. H. Jethani |
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Designation : |
Partner |
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Date of Birth/Age : |
50 years |
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Qualifications : |
Diploma In Mechanical Engineering |
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Name : |
Mr. Prabhu Jethani |
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Designation : |
Partner |
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Date of Birth/Age : |
52 years |
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Qualifications : |
M. Com and LLB |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Auto Press Components |
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Imports : |
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Products : |
Machinery |
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Terms : |
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Selling : |
Credit (30-60 days) |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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Customers : |
· End Users · Manufacturer |
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No. of Employees : |
Around 60 (28 on Contractual Basis) |
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Bankers : |
HDFC Bank, Pimpri Branch |
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Facilities : |
CC – Rs.7.000 Millions |
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Auditors : |
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Name : |
Nevlekar and Associates Chartered Accountant |
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Address : |
Pune, Maharashtra, India |
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Tel No.: |
91-20-27470461 |
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Associates/
Subsidiary : |
· J. K. Fastners
Enterprises · Aussie
Enterprises · Rajamata
Developers · J. J. Associates All four at Pune, J K Fasters and Aussie work for Rajamata Enterprises
i.e. Manufacture of Auto Press Components. The other two are into
Associates |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Available |
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Borrowed : |
Not Available |
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Total : |
Not Available |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
31.03.2007 |
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Sales Turnover (Estimated) |
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103.500 |
96.000 |
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference:
·
Thermax Limited
·
Mastural Fabrichem Private Limited
·
Riico Industries Limited
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.42.53 |
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UK Pound |
1 |
Rs.83.44 |
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Euro |
1 |
Rs.66.18 |
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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