MIRA
INFORM REPORT
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Report Date : |
23.10.2008 |
IDENTIFICATION DETAILS
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Name : |
MX INFORMATION SYSTEMS PRIVATE LIMITED |
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Registered Office : |
6 Kantila Compound Opposite, Kodakstudio, |
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Country : |
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Date of Incorporation : |
08.11.2001 |
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Com. Reg. No.: |
133906 |
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CIN No.: [Company
Identification No.] |
U72900MH2001PTC133906 |
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TAN No.: [Tax Deduction & Collection Account No.] |
MUMM22078A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Dealer and Distributors for HP and Zenith of all Desktop, Laptops and
all Computer Accessories. |
RATING & COMMENTS
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MIRAs 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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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a pretty old company but has not filed any financials with
Government department till date. The management parted general details but
declined to part with financials. Trade relations are fair. No complaints have
been heard. The company can be considered for small to mediocre business dealings
by slight caution, initially. |
INFORMATION PARTED BY (GENERAL DETAILS)
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Name : |
Mr. Satish Bathija |
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Designation : |
Director |
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Contact No.: |
91-9320028263 |
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Date : |
22.10.2008 |
LOCATIONS
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Registered Office : |
6 Kantila Compound Opposite, Kodakstudio, |
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Mobile No.: |
91-9320028263/ 9821028263/ 9322955699/ 9321164004 |
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E-Mail : |
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Website : |
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Corporate Office : |
Shop No.1, Anad Apartment, |
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Tel. No.: |
91-22-32550982/ 965/ 979/ 28702265/ 70/ 28702611 |
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Fax No.: |
91-22-28540203 |
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E-Mail : |
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Website : |
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Area : |
600 sq. ft. |
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Location : |
Owned |
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Branch Office1/ Retail
Shop: |
Shop No.5 and 6, Ram Nagar, Opposite Dattani Nagar, S. v. Road,
Borivali (West), Mumbai 400092, |
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Tel. No.: |
91-22-28090075/ 28076327 |
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Area : |
600 sq. ft. |
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Location : |
Rented |
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Branch Office2/ Retail
Shop: |
Shop No.9 Emp. 49, |
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Tel No.: |
91-22-28858453/ 39409902 |
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Area : |
600 sq. ft. |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. Satish Bathija |
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Designation : |
Director |
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Date of Birth/Age : |
32 years |
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Qualification : |
B. Com |
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Name : |
Mrs. Pooja S. Bathija |
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Designation : |
Director |
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Address : |
A-702, Park Lan 1, Raheja Estate, Borivali (East), Mumbai 400066, |
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Date of Birth/Age : |
23.06.1975 |
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Qualification : |
B. Com |
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Date of Appointment : |
20.12.2005 |
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Name : |
Mr. Kaval Praveen Gosalia |
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Designation : |
Director |
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Address : |
B/001, Ground Floor, Poonam Pride, Tirupati Nagar, Virar (West),
Mumbai 401303. |
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Date of Birth/Age : |
31.08.1975 |
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Date of Appointment : |
20.12.2005 |
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Name : |
Mr. Yogendra Kumakia |
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Designation : |
Director |
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Address : |
A-202, Manodaya, |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(As on 01.10.2001)
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Names of Shareholders |
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No. of Shares |
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Satish Suresh Bathija |
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500 |
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Yogendra Kumakia |
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500 |
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Total |
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1000 |
BUSINESS DETAILS
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Line of Business : |
Dealer and Distributors for HP and Zenith of all Desktop, Laptops and all
Computer Accessories. |
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Agencies Held : |
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Terms : |
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Selling : |
Cash and Credit (30 days) |
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Purchasing : |
Credit (30 days) |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
30 (Including Engineers) |
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Bankers : |
Borivali East Branch, 1st Floor, Shivam Building, M G Road,
Opposite Sukurwadi S T Stand, Borivali (East) Branch, Mumbai - 400066,
Maharashtra, India
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Facilities : |
CC Rs.30.000 Millions |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
V. G. Prakash and Company Chartered Accountant |
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Address : |
Mumbai, Maharashtra, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 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 |
Rs.0.100 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Available
LOCAL AGENCY FURTHER INFORMATION
Trade Reference:
- Voltas,
Mumbai
- Powerica
Limited, Mumbai
Form 8:
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Corporate
identity number of the company |
U72900MH2001PTC133906 |
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Name of the
company |
MX INFORMATION SYSTEMS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
6 Kantila Compound Opposite, Kodakstudio, Main Carter Road, Borivali
East, Mumbai 400066, Maharashtra, India |
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This form is for |
Creation of
charge |
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Type of charge |
Immovable
Property |
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Particular of charge
holder |
Bank of India Borivali East Branch, 1st Floor, Shivam Building, M G Road,
Opposite Sukurwadi S T Stand, Borivali (East) Branch, Mumbai - 400066,
Maharashtra, India |
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Nature of
instrument creating charge |
Equitable
Mortgage Oral Asset |
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Date of
instrument Creating the charge |
12.10.2007 |
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Amount secured by
the charge |
Rs.2.175 Millions |
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Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of
Interests: 0.00% above BPLR
presently minimum 13.25% p.a. with monthly rests or at such other rates as
may be notified to the company by the Bank from time to time. |
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Particulars of
the property charged |
Equitable
mortgage of immovable properties comprising of Shop No.1, Borivali Anand
Co-op Housing Society limited Datta Pada Road, Near Jayaben Khot School,
Borivali (East), Mumbai 400066, Area 600 sq. ft. Carpet area. Tenure: Fee
hold |
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 Intl
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 companys 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.49.29 |
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UK Pound |
1 |
Rs.80.40 |
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Euro |
1 |
Rs.63.35 |
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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