MIRA
INFORM REPORT
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Report Date : |
15.03.2008 |
IDENTIFICATION DETAILS
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Name : |
BHARAJ MACHINERIES PRIVATE LIMITED |
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Registered Office : |
Plot No. 12/13, Survey No. 66, Hissa No. 1/1, Naikpada, Village Waliv,
Taluka Vasai [East], District Thane 401208, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
28.05.1997 |
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Com. Reg. No.: |
11-108300 |
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CIN No.: [Company
Identification No.] |
U51500MH1997PTC108300 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMB16348D |
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PAN No.: [Permanent
Account No.] |
AAACB9138P |
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Legal Form : |
Private Limited Liability Company
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Line of Business : |
Manufacturer of Rubber Processing Machinery all kinds of Hydraulic
Presses and moulding Rubber Machineries
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RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Comments : |
As per Registry, subject can be said as defunct company having no
track. In absence of financial details from any sources it can be considered for
any business dealings on safe and secured trade terms and conditions, only |
INFORMATION PARTED
BY
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Name : |
Mr. Amardeep Singh |
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Designation : |
Director |
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Contact No.: |
91-9323830130 |
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Date : |
15.03.2008 |
LOCATIONS
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Registered Office/Factory : |
Plot No. 12/13, Survey No. 66, Hissa No. 1/1, Naikpada, Village Waliv,
Taluka Vasai [East], District Thane 401208, Maharashtra, India |
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Tel. No.: |
91-250-2452115 / 6 |
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Fax No.: |
91-250-2451332 |
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Mobile No.: |
91-9323830130 [Mr. Amardeep Singh Bharaj] |
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E-Mail : |
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Website : |
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Area : |
34000 Sq. fts. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Balrajsingh K Bharaj |
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Designation : |
Director |
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Address : |
24/12 Manali Evershine Nagar, Malad (West) Mumbai – 400064 |
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Date of Appointment : |
28.05.1997 |
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Name : |
Mr. Saitpalsingh K Bharaj |
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Designation : |
Director |
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Address : |
24/34 Manali Evershine Nagar, Malad (West) Mumbai – 400064 |
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Date of Appointment : |
28.05.1997 |
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Name : |
Mrs. Bharaj B M |
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Designation : |
Director |
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Address : |
24/12 Manali Evershine Nagar, Malad (West) Mumbai – 400064 |
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Date of Appointment : |
28.05.1997 |
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Name : |
Mr. Jaspal Singh Bharaj |
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Designation : |
Director |
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Address : |
24/34 Manali Evershine Nagar, Malad (West) Mumbai – 400064 |
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Date of Appointment : |
20.11.2000 |
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Name : |
Mr. Amardeep Singh Bharaj |
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Designation : |
Director |
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Name : |
Mrs. Manjeet Singh Bharaj |
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Designation : |
Director |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
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Mr. Balrajsingh K Bharaj |
10 |
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Mrs. Bharaj B M |
10 |
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Mr. Saitpalsingh K Bharaj |
10 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Rubber Processing Machinery, all kinds of Hydraulic
Presses and moulding Rubber Machineries
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Products : |
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Exports : |
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Countries : |
Ø Egypt Ø Kenya Ø Dubai Ø Australia |
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Terms : |
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Selling : |
T/T, Bank Transfer, Billing |
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Purchasing : |
Billing |
GENERAL INFORMATION
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Customers : |
OEM |
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Employees |
48 |
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Bankers : |
Canara Bank, Malad (West), Mumbai – 400064 |
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Facilities : |
Cash Credit Facilities – 1.300 Millions All present and future stocks or raw materials, goods in process and
book debts and mortgage properties 24.02.2001 – Rs. 0.045 Millions Hypothecation of all goods Over Draft Rs. 7.500 Millions |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Kersi R. Makhania Chartered Accountant |
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Address : |
Dhunraj Villa, Dhunbai Wadi, Ville Parle (West), Mumbai – 400056 |
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Tel. No.: |
91-22-26108103 |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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5000 |
Equity Shares |
Rs. 100/- Each |
Rs. 0.500
Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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30 |
Equity Shares |
Rs. 100/- Each |
Rs. 0.003
Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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60.000 |
40.000 |
Expected Sales (2007-08) : Rs.100.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCES
Ø
Jayshree Group, Pune
Ø
Sujan Group, Mumbai
Ø
Innova Rubbers, Nashik
Form 8
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Name of the company |
BHARAJ
MACHINERIES PRIVATE LIMITED |
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Presented By |
Canara Bank, Malad (West), Mumbai – 400064 |
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1) Date and description of instrument creating the change |
Term Loan Agreement
dated 07.06.2005 |
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2) Amount secured by the charge/amount owing on the securities of
charge |
Rs. 5.000
Millions |
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3) Short particular of the property charged. If the property acquired is
subject to charge, date of the acquired of the property should be given |
Freehold land
bearing Plot No. 12 & 13, Village, within limits of walive Grampanchayat
Samiti, Vasai (Thane), |
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4) Gist of the terms and conditions and extent and operation of the
charge. |
Interest @ 12.75%
subject to cheque from time to time payable quarterly 77 Instalments of
Rs. 0.064 Millions and last instalment of Rs. 0.072 Millions Interests as
when due |
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5) Name and Address and description of the person entitled to the
charge. |
Canara Bank, Malad (West), Mumbai – 400064 |
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6) Date and brief description
of instrument modifying the charge |
Not Available |
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7) Particulars of modifications specifying the terms and conditions or
the extent of operations of the charge in which modification is made and the
details of the modification. |
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 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.40.45 |
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UK Pound |
1 |
Rs.82.25 |
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Euro |
1 |
Rs.63.20 |
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/normal. |
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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