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MIRA INFORM REPORT

 

 

Report Date :

14.04.2011

 

IDENTIFICATION DETAILS

 

Name :

RADIANT FIRE PROTECTION ENGINEERS PRIVATE LIMITED

 

 

Registered Office :

40/ 19, Patel Compound, Phase – 1, GIDC Industrial Estate, Vatva, Ahmedabad – 382445, Gujarat

 

 

Country :

India

 

 

Date of Incorporation :

27.12.2000

 

 

Com. Reg. No.:

130231

 

 

CIN No.:

[Company Identification No.]

U29193MH2000PTC130231

 

 

Legal Form :

Private limited liability company

 

 

Line of Business :

Manufacturer, Trader, Distributor and Exporter of fire resistant doors and some fire safety equipments.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (11)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

--

 

 

Status :

Poor Corporate Governance

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

The management has not filed the financials of the company with the government departments since its inception in 2000, thus indicating a poor corporate governance. Payments terms are not known.

 

The company can be considered for business dealings on a safe and 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.

 

INFORMATION PARTED BY (GENERAL DETAILS)

 

Name :

Mr. Himanshu Gandhi

Designation :

Director

Contact No.:

91-9376114697

Date :

07.04.2011

 

 

LOCATIONS

 

Registered Office / Factory :

40/ 19, Patel Compound, Phase – 1, GIDC Industrial Estate, Vatva, Ahmedabad-382445, Gujarat, India

Tel. No.:

91-79-25830524 / 32400440 / 26920482

Mobile No.:

91-9375393993 (Madam Ankita)

91-9376114697 / 9375393993 [Mr. Himanshu Gandhi]

Fax No.:

91-79-25830524 / 26920482

E-Mail :

radiantfire1946@gmail.com

info@radiantfire.com

Area :

350 sq. yards. - Rented

 

 

DIRECTORS

 

Name :

Mr. Himanshu Gandhi

Designation :

Director

Address :

301, Hiranandani Garden, Hiranandani Complex, Powai, Mumbai – 400076, Maharashtra, India

Date of Birth/Age :

53 Years

Qualification :

Mechanical Engineer

 

 

Name :

Mr. Mihir Gandhi

Designation :

Director

Address :

141, Pushpak Apartment, 31 Altamount Road, Mumbai – 400026, Maharashtra, India

Qualification :

Mechanical Engineer

Date of Birth/Age :

20 Years

 

 

KEY EXECUTIVES

 

Name :

Mr. Sudhir

Designation :

Office Assistance

 

 

Name :

Madam Ankita

Designation :

Key Executive

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

 

Names of Shareholders

No. of Shares

Mihir Gandhi

3500

Himanshu Gandhi

3500

Ramila Gandhi

3500

Total

10500

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Trader, Distributor and Exporter of fire resistant doors and some fire safety equipments.

 

 

Products :
  • Fire Resistant Equipments
  • Blast Resistant Equipments
  • Acoustic Resistant Equipments
  • Radiation Shielding Equipments
  • Bullet Resistant Equipments
  • General Purpose Equipments
  • Dampers
  • Fire Resistant Doors
  • Engineered Doors
  • Acoustic Rated Doors
  • Fire and Smoke Protected Combined Doors
  • Security Doors
  • Steel Fire Doors

 

 

Exports :

 

Products :

Fire Resistant System

Countries :

Ř  Nigeria

Ř  Yemen

 

 

Imports :

 

Products :

Fire Resistant System

Countries :

China

 

 

Terms :

 

Selling :

Cash and Credit [30-45 Days]

 

 

Purchasing :

Cash and Credit [30-45 Days]

 

 

GENERAL INFORMATION

 

Customers :

Wholesalers, Retailers, Manufacturer and End Users 

 

  • Corporate
  • Desai Construction Private Limited
  • Super India Construction
  • Anuj Construction
  • GEICO Paint Shop Indian Private Limited
  • Alok Industries Limited
  • Nagar Haveli Real Estate Private Limited
  • Shapoorji Palanji and Company Limited
  • Nucon Products Limited
  • Paper Limited
  • Haldyn Glass Gujarat Limited
  • Rolta India Limited
  • Sha Bhimaji Kanthilal
  • Vaibhav Construction
  • Welspun India Limited
  • Universal Engineers
  • National Fire Safety
  • H. Reck Engineers
  • Balar Builcon
  • Star Builders
  • P.P.L
  • Radha Mohan Builders
  • Shraddha Constructions Company

 

 

No. of Employees :

30 [Approximately]

 

 

Bankers :

ICICI Bank, Jodhpur Gao, Ahmedabad

 

 

Facilities :

--

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name [For Income Tax] :

Mr. Jayesh Bhatt

Chartered Accountant

Address :

Ahmedabad

 

 

Name [For Sales] :

Surendra Modi

Chartered Accountants

Address :

Ahmedabad

 

 

Associates/Subsidiaries :

Ř  Radiant Safe Doors

Address: 40/ 19, Patel Compound, Phase – 1, GIDC Industrial Estate, Vatva, Ahmedabad-382445, Gujarat, India

Line of Business: Manufacturer of fire resistant doors and some fire safety equipments.

 

 

CAPITAL STRUCTURE

 

Authorised Capital :

No. of Shares

Type

Value

Amount

250000

Equity Share

Rs.10/- Each

Rs.2.500 Millions

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

10500

Equity Share

Rs.10/- Each

Rs.0.105 Million

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

NOTE: No financial are available since incorporation of the company.

 

 

Particulars

 

 

 

31.03.2008

Sales Turnover

 

 

17.500

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Note: The registered office of the company has been shifted from 818, 8th Floor Parekh Market 39 Kennedy

          Bridge, Mumbai-400004, Maharashtra, India to the present address.

 

 

Trade References:

 

Ř  The Paper Product Limited – Thane

 

 

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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.48

UK Pound

1

Rs.72.36

Euro

1

Rs.64.42

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

2

OPERATING SCALE

1~10

2

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

-

--PROFITABILIRY

1~10

-

--LIQUIDITY

1~10

-

--LEVERAGE

1~10

-

--RESERVES

1~10

-

--CREDIT LINES

1~10

2

--MARGINS

-5~5

-

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

YES

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

TOTAL

 

11

 

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

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

-

NB

                                       New Business

-

 

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.