Prepared BY :

MIRA INFORM PRIVATE LIMITED

 

 

Report Dated:

22.10.2008

 

Request Date :

31.07.2008

Requestor’s Name :

Req. of Mr. Leena Patki

 

 

Customer Details (As Provided by ACC)

 

Customer Name :

PRIDE DEVELOPERS

 

 

Registered Address :

Plot No. 8A/1/25B, Kalwa, TTC Industrial Area, MIDC, Opposite Digha Talao Than Belapur Road, Navi Mumbai, Maharashtra, India

 

 

Mobile No.:

91-9324703617

 

 

Verified Details

 

Name :

PRIDE DEVELOPERS

 

 

Registered Address :

Plot No. 8a/1/2b, Kalwa Block, TTC Industrial Area, MIDC, Opposite Bigha Talao, Navi Mumbai, Maharashtra, India

 

 

Ownership Status

Public Ltd-Listed

Public Ltd-Unlisted

Private Ltd

Private Ltd-Sub of listed

Partnership Firm

Proprietorship

HUF

Other (Specify)

Specify-

 

Sector

Infrastructure

Developer-Commercial

Developer- Residential

Developer-Industrial

Details on Line of Business

Building IT Park For Reliance (currently)

 

Major Partners:

Name

Designation

 

Mr. Sunil Dalwadi

Partner

 

Mr. Chandresh Thakker

Partner

 

Mrs. Saroj B Shah

Partner

 

Mr. Ajay B Shah

Partner

 

Mrs. Monita A Shah

Partner

 

Mr. Anand B Shah

Partner

 

Mr. Rasminant I Shah

Partner

 

Mr. Suresh I Shah

Partner

 

Mr. Nailesh H Shah

Partner

 

Mr. Nirav S Shah

Partner

 

 

 

 

Other Personnel :

 

 

Mr. Jay Mehta

Accountants

 

 

 

 

Litigation

(against the company or its promoters)

----

Political Connections Found:

----

Criminal Connections Found:

----

 

Details of Associates/Subsidiaries

·         Deccor Home India Private Limited

Address: Plot No. 8a/1/2b, Kalwa Block, TTC Industrial Area, MIDC, Opposite Bigha Talao, Navi Mumbai, Maharashtra, India

Activity : Furniture

 

·        Venus Furniture Private Limited

 

 

BUSINESS DETAILS

 

No of Employees

700 :- (100 in Office and 600 Contract Workers)

 

 

Bankers

·         Indus Bank, Baruch 

·         Cosmos Bank, Bandra Branch

 

 

Facilities :

(From Indus Bank, Baruch  and Cosmos Bank)

Cash Credit – Rs. 150.000 millions

 

 

Trade Creditors Reference

Name of Trade Creditor (1)

Not Available

Behaviour

Always Paid Within the Credit days

 

Paid with delays-full payment

 

Irregular-Discount payments

 

Problematic

Comments

Credit days being offered:           Credit Limit being offered:

Average days taken to make payments:

 

Other:

Name of Trade Creditor (2)

Not Available

Behaviour

Always Paid Within the Credit days

 

Paid with delays-full payment

 

Irregular-Discount payments

 

Problematic

Comments

Credit days being offered:           Credit Limit being offered:

Average days taken to make payments:

 

Other:

Comments on Banking Relations

---

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

 

Particulars

 

 

 

31.03.2008

(Estimated)

 

 

 

 

Sales Turnover (Decor Home India Private Limited)    

350.000

 

(Decor Home India Private Limited)           

Expected Sales (2008-09).Rs. 500.000 millions

 

 

Vital Information

 

OUR COMMENTS:-

Subject is a new concern in its field and in the process of establishing itself trade relations. Payments are reported as slow and delayed in view of industry recession.

 

The concern can be considered for small to mediocre business dealings with slight caution, initially.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Jay Mehta

Designation :

Accountants

Contact No.:

91-9321882053

Date :

21.10.2008

 

 

LOCATIONS:-

 

Registered Address:          

Plot No. 8a/1/2b, Kalwa Block,

TTC Industrial Area,

MIDC, Opposite Digha Talao,

Navi Mumbai, Maharashtra, India

Tel No.:            91-22-27694062

Fax No.:           91-27604122

Mobile No.:      91-9321882053

E-Mail:             jay_decorhome@rediffmail.com

Area:               1000 Sq.fts

Locations:       Rented

 

Branch Office:-

 

Surat:

702 Tirupati Plaza, Near Collector Office,

Athawad Gate, Surat, Gujarat, India

Tel No.:            91-261-2477227

 

Vikroli:

26 C, Kailash Industrial Estate,

Vikroli Park Site, Maharashtra, India

Tel No.:            91-22-67960089

 

OTHER INFORMATION:-

 

Auditors:

S K Kabara and Company

Chartered Accountants 

 

 

Year of Establishment :

2008

 

 

Terms :

 

Selling Terms :

Terms and Conditions of Reliance

 

 

Purchasing Terms :

Credit (60-90 days)

 

 

TRADE REFERENCES:-

 

·         Reliance

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

 

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