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MIRA
INFORM REPORT
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Report Date : |
06.04.2011 |
IDENTIFICATION DETAILS
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Name : |
PENTACLE CONSULTANTS ( |
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Registered
Office : |
122/12th Floor, |
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Country : |
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Date of
Incorporation : |
06.11.2006 |
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Com. Reg. No.: |
11-165384 |
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CIN No.: [Company Identification
No.] |
U74140MH2006PTC165384 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP22814B |
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PAN No.: [Permanent Account No.] |
AAECP0426G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Consultancy Services for Various Kind of New Construction
Projects. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca (17) |
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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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The
management has not filed the financial of the company with the government
departments after 2008. However, trade relations are reported as fair.
Business is active. Payment terms are unknown. The company can be considered for business dealings on a secured trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Nitin |
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Designation : |
Accounts Head |
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Contact No.: |
91-22-40483333 |
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Date : |
05.04.2011 |
LOCATIONS
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Registered Office : |
122/12th Floor, |
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E-Mail : |
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Website : |
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Area : |
1500 Sq. ft. (Owned) (Approximately)
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Corporate Office : |
B/102, |
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Tel. No.: |
91-22-40483333 |
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Fax No.: |
91-22-40483300 |
DIRECTORS
As on 25.04.2008
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Name : |
Mr. Mahendra More |
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Designation : |
Director |
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Address : |
72/66 B, Motilal Nagar, |
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Date of Birth/Age : |
26.07.1978 |
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Date of Appointment : |
06.11.2006 |
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Name : |
Mr. Ritesh Shah |
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Designation : |
Director |
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Address : |
B-204, |
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Date of Birth/Age : |
08.12.1977 |
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Date of Appointment : |
06.11.2006 |
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Date of Ceasing: |
28.01.2008 |
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Name : |
Mrs. Pallavi Mahendra More |
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Designation : |
Director |
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Address : |
72/66 B, Motilal Nagar, |
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Date of Birth/Age : |
28.08.1982 |
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Date of Appointment : |
15.12.2007 |
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Name : |
Mr. Sajid Gulam Mohammd Peerzada |
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Designation : |
Additional Director |
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Address : |
501, Kamal Kunj, CHS, Road No. 5, Near |
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Date of Birth/Age : |
01.03.1978 |
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Date of Appointment : |
15.03.2011 |
KEY EXECUTIVES
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Name : |
Mr. Nitin |
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Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.04.2008
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Names of Shareholders |
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No. of Shares |
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Mahendra More |
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5000 |
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Pallavi Mahendra More |
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5000 |
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Total |
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10000 |
As on 25.04.2008
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
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100.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Consultancy Services for Various Kind of New Construction
Projects. |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL INFORMATION
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Customers : |
End Users and OEM’s |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
Kotak Mahindra Bank, |
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Banking
Relations : |
-- |
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Financial Institution: |
ICICI Home Finance Company Limited, |
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Auditors : |
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Name : |
Shinde Vartak and Associates Chartered Accountant |
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Address : |
Mumbai, |
CAPITAL STRUCTURE
As on 25.04.2008
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2010 |
31.03.2009 |
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Sales Turnover (Approximately) |
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68.000 |
18.000 |
Expected Sales (2010-2011) : Rs.70.000 Millions
LOCAL AGENCY FURTHER INFORMATION
Note: The registered
office of the company has been shifted from 706, Palm Spring Centre,
Bankers Charges
Report as per Registry
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This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U74140MH2006PTC165384 |
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Name of the
company |
PENTACLE
CONSULTANTS (I) PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
122/12th Floor, |
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Type of charge |
Any Interest in
Immovable Property |
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Particular of
charge holder |
ICICI Home Finance Company Limited, |
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Email |
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Nature of
description of the instrument creating or modifying the charge |
DEPOSIT OF TITLE
DEEDS SANCTION LETTER (Both the
Documents Constitute a Single Charge) |
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Date of
instrument Creating the charge |
10.11.2008 |
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Amount secured by
the charge |
Rs.9.125 Millions
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest IHPLR = 16.25%
p.a. (Adjustable Interest rate - IHPLR as publicly notified from time to time
plus margin of 0% = 16.25% p.a. (16.25% + 0%) OR as applicable at the time of
disbursement. Terms of
Repayment 180 MONTHS Margin 60% Extent and
Operation of the charge Exclusive first
charge on immovable property (Unit No. 406, 4th Floor, Wing B, Pranik
Chambers, Saki Vihar Road, Sakinaka, Andheri (W) Mumbai 400 069) and any
interest thereon as per loan agreement is provided. |
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Short particulars
of the property charged |
Unit No. 406, 4th
Floor, Wing B, Pranik Chambers, |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.45 |
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1 |
Rs.71.58 |
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Euro |
1 |
Rs.63.01 |
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 |
2 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
1 |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
1 |
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--CREDIT LINES |
1~10 |
1 |
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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 |
NO |
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--AFFILIATION |
YES/NO |
NO |
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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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17 |
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 |
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 |
|
- |
NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.