MIRA
INFORM REPORT
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Report Date : |
14.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
ACCURA SHELVING SYSTEMS PRIVATE LIMITED |
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Registered Office : |
3/AH – 1, Cama Estate, Opp Kusum
Masala, Goregoan (E), Mumbai – 400 063, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
24.01.2000 |
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Com. Reg. No.: |
123793 |
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CIN No.: [Company
Identification No.] |
U36100MH2007PTC170150 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMA30609F |
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PAN No.: [Permanent
Account No.] |
AAGCA2678D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer, Exporter and Importer of Shelving System of Super Market
/ Hyper Market. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 500 |
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Status : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a new company promoted by Accura Engineers Private Limited,
a company incorporated in the year 2000. Trade relations are fair. Business is
active. The company expects a sizable turnover in its first year. No
complaints have been heard against the subject from the market sources. The company can be considered for small to mediocre business dealings
initially. |
INFORMATION PARTED
BY
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Name : |
Mr. Rizwan Afsar Ali |
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Designation : |
Director |
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Contact No.: |
91-9821015176 |
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Date : |
13.10.2008 |
LOCATIONS
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Registered Office : |
3/AH – 1, Cama Estate, Opp
Kusum Masala, Goregoan (E), Mumbai – 400 063, Maharashtra, India |
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Tel. No.: |
91-22-40720000 |
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Mobile No.: |
91-9821015176 (Mr. Rizwan Afsar Ali) |
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Fax No.: |
91-22-268530 |
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E-Mail : |
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Website : |
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Area : |
1000 sq ft |
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Location : |
Owned |
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Factory : |
1A- Sheetal Industrial Complex, Chincholi, Kana Road, Taluka: Vasai, Naigoan
– 401 202, Maharashtra, India |
DIRECTORS
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Name : |
Mr. Rizwan Afsar Ali |
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Designation : |
Director |
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Address : |
601/B, Pioneer Heitage Residency II, Daulat Nagar, S. V. Road,
Santacruz (W), Mumbai -400 054, Maharashtra, India |
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Date of Birth/Age : |
26.06.1972 |
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Qualification : |
B. E (Mechanical) |
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E-Mail : |
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Other Directorship : |
Name : Accura Engineers Private Limited Designation : Director CIN No : U99999MH2000PTC123793 |
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Proprietorship held in proprietorship firm : |
Name : ACE Products Address : 3AH 1, Cama Estate, Opp.
Kusum Masala, Goregoan (E), Mumbai – 400 063, Maharashtra, India |
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Name : |
Mr. Dahyalal Gneshbhai Parmar |
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Designation : |
Director |
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Address : |
B/306, Radhakrishna Apartment, S. V. Road, Dahisar (W), Mumbai – 400
068, Maharashtra, India |
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Date of Birth/Age : |
18.11.1962 |
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Qualification : |
B.com |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As On 12.04.2007)
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Names of Shareholders |
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No. of Shares |
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Mr. Rizwan Afsar Ali |
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5000 |
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Mr. D. G. Parmar |
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5000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Shelving System of Super Market
/ Hyper Market. |
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Exports : |
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Countries : |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
L/C, T/T |
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Purchasing : |
L/C, T/T |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
100 |
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Bankers : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Hingara and Company Chartered Accountant |
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Address : |
Jogeshwari (W), Mumbai – 400 102 |
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Associates/Subsidiaries : |
Accura Engineers Private Limited ACE Products |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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Not Availabe |
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FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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Above 100.000 |
Expected Sales (2008-09) :Above Rs.100.000 Million
LOCAL AGENCY
FURTHER INFORMATION
As Per Websites
Subject. is a company dedicated to manufacturing
state-of-the-art Organised Retail Display Systems. They manufacture Shelves, Racks, Shopping Trolleys, Shopping
Basket, Point of Sale Displays and much more for a host of applications
in Supermarkets, Grocery stores, Pharmacies, Food Counters, Book and Music
Shops, Garment Stores, Appliance Showrooms, Automobile Spares, Franchisee
Chains, Corporate Exhibits, Mobile Displays, etc.
Changing Scenario
Thanks
to the emergence of customer as king, India's conventional retailing has
undergone a metamorphosis. It has taken a giant leap towards modernization. The
orthodox corners and the infested planks where products used to gather dust and
await their expiry dates, now remain a mere flashback.
Strength
Their products are more functional,
aesthetic and space saving displays, especially shopping trolleys and shopping
basket. The elegance of an Accura
Display System invites the customer to have a close look at the products
displayed. Accura awakens the mind. Accura offers space, comfort and
convenience. Accura generates the buying instinct. Increased shelf life, lower
maintenance costs and impeccable inventory control are the added advantages.
Accura Display Systems are
computer designed after meticulous research, based on the current trends in
consumerism. While styling is an important factor, quality is the company's
prime concern. In order to maintain immaculate standards of quality, all
products are made in house. 100%! another reason why the shopping trolleys and
shopping baskets are cost effective and life long!
Accura Display Systems are
perhaps, the largest range any Indian Company can offer. And since the products
can be custom made to suit every application, they offer total flexibility-in
size, design and color. Any change in the store layout can be carried out
overnight and without any professional help. While religiously adhering to
delivery commitments, the company also has a team of professionals, having
expertise in providing complete solutions.
Turnkey Projects
Right
from planning and construction to renovation, lighting and interiors-every
service can be provided from under a single roof. The greatest one, being able
to earn the trust and confidence of its invaluable customers.
Advantages
Their Display Systems are used by a wide range of retailers because they
are:
- Elegant and Ambient
- Comfortable and Convenient
- Robust Construction: All weather-proof and pest proof, stain and
scratch-resistant
- Provision for Translites offer a good source of extra income
- Freedom from time-consuming and expensive carpentry
- High quality powder-coated material ensures long life
- Smart colors to suit different interior
- Computer aided designs and
- Cost-Effective
Trade Reference
- Hindustan
Uniliver Limited
- Aditya Birla
Retail Limited
- Reliance
Retail 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 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.47.71 |
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UK Pound |
1 |
Rs.83.30 |
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Euro |
1 |
Rs.65.12 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
YES |
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--AFFILIATION |
YES/NO |
YES |
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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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27 |
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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