1. Summary Information
|
Country |
|
||
|
Company Name |
ACE POLY PLAST PRIVATE LIMITED |
Principal Name 1 |
Mr. Jayant Shamji Chheda |
|
Status |
Not Commence Business |
Principal Name 2 |
Mr. Vipul Jayant Chheda |
|
Registration # |
11-006572 |
||
|
Street Address |
Plot No.1, Honda Industrial Estate, Phase – II, Honda Sattari, Honda, |
||
|
Established Date |
03.12.2007 |
SIC Code |
-- |
|
Telephone# |
-- |
Business Style 1 |
Manufacturer |
|
Fax # |
-- |
Business Style 2 |
Trader |
|
Homepage |
-- |
Product Name 1 |
Cotton Yarn |
|
# of employees |
-- |
Product Name 2 |
Rayon Yarn |
|
Paid up capital |
Rs.558440/- |
Product Name 3 |
- |
|
Shareholders |
Directors or relatives of Directors – 100% |
Banking |
ICICI Bank Limited HDFC Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
4 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
C |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
127,000 |
Current Liabilities |
6,000 |
|
Inventories |
0 |
Long-term Liabilities |
80,000 |
|
Fixed Assets |
0 |
Other Liabilities |
0 |
|
Deferred Assets |
0 |
Total Liabilities |
86,000 |
|
Invest& other Assets |
517,000 |
Retained Earnings |
0 |
|
|
|
Net Worth |
558,000 |
|
Total Assets |
644,000 |
Total Liab. & Equity |
644,000 |
|
Total Assets (Previous Year) |
564,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
NA |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
NA |
MIRA INFORM REPORT
|
Report Date : |
20.04.2011 |
Note : Given Address Could not be confirmed
IDENTIFICATION DETAILS
|
Name : |
ACE POLY PLAST PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.1, Honda Industrial Estate, Phase – II, Honda Sattari, Honda, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
03.12.2007 |
|
|
|
|
Com. Reg. No.: |
11-006572 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17210GA2007PTC006572 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Trader, Seller and Importer of Cotton Yarn, Rayon Yarn,
Fibers or Fibrous Materials or yarns for textiles or fabrics made from
cotton, woolen silk, nylon, polyester, rayon or any other material or manmade
fiber. |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Not Commence Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Though the company was incorporated in the year 2007, it has not
started its commercial activities till March, 2010. 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
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Plot No.1, Honda Industrial Estate, Phase – II, Honda Sattari, Honda,
Goa – 403530, India |
|
E-Mail : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Jayant Shamji Chheda |
|
Designation : |
Director |
|
Address : |
Room No. 1001, 10th Floor, Mont Blanc, Plot No. 550, Jame Jamshed
Road, Matunga, Mumbai – 400019, Maharashtra |
|
Date of Birth/Age : |
31.07.1946 |
|
Date of Appointment : |
03.12.2007 |
|
DIN : |
00013206 |
|
|
|
|
Name : |
Mr. Vipul Jayant Chheda |
|
Designation : |
Director |
|
Address : |
Room No. 1001, 10th Floor, Mont Blanc, Plot No. 550, Jame
Jamshed Road, Matunga, Mumbai – 400019, Maharashtra |
|
Date of Birth/Age : |
08.06.1975 |
|
Date of Appointment : |
03.12.2007 |
|
DIN : |
00013234 |
|
|
|
|
Name : |
Mrs. Heena Parag Chheda |
|
Designation : |
Director |
|
Address : |
Room No. 1001, 10th Floor, Mont Blanc, Plot No. 550, Jame
Jamshed Road, Matunga, Mumbai – 400019, Maharashtra |
|
Date of Birth/Age : |
26.06.1971 |
|
Date of Appointment : |
18.07.2009 |
|
DIN : |
02667541 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Jayant Shamji Chheda |
|
9022 |
|
Vipul Jayant Chheda |
|
5500 |
|
Parag Jayant Chheda |
|
41322 |
|
Total |
|
55844 |
As on 30.09.2010
|
Category |
Percentage |
|
|
|
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader, Seller and Importer of Cotton Yarn, Rayon Yarn, Fibers
or Fibrous Materials or yarns for textiles or fabrics made from cotton,
woolen silk, nylon, polyester, rayon or any other material or manmade fiber. |
|
|
|
GENERAL INFORMATION
|
Bankers : |
Ř HDFC Bank
Limited, T.T. Branch, Dadar, Ř ICICI Bank Limited, |
|
|
|
|
Facilities : |
Unsecured Loan from Directors – 0.080 million (31.03.2010) |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
L. D. Joshi and Company Chartered Accountant |
|
Address : |
2-G, Court Chambers, 2nd Floor, 35, New Marine Lines,
Mumbai – 400020, |
|
Tel. No.: |
91-22-22003058 / 22005568 |
|
Residence No.: |
91-22-40041648 |
|
PAN No. : |
AACFL7859G |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/-each |
Rs.50.000 millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
55,844 |
Equity Shares |
Rs.10/-each |
Rs.0.558 millions |
|
|
|
|
|
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.558 |
0.558 |
0.558 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
0.558 |
0.558 |
0.558 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.080 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.080 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
0.638 |
0.558 |
0.558 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.000 |
0.000 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000 |
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000 |
0.000 |
0.000 |
|
|
Cash & Bank Balances |
0.076
|
0.050 |
0.089 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
0.051
|
0.025 |
0.000 |
|
Total
Current Assets |
0.127
|
0.075 |
0.089 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000 |
0.000 |
0.000 |
|
|
Other Current Liabilities |
0.006
|
0.006 |
0.003 |
|
|
Provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities |
0.006
|
0.006 |
0.003 |
|
|
Net Current Assets |
0.121
|
0.069 |
0.086 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.517 |
0.489 |
0.472 |
|
|
|
|
|
|
|
|
TOTAL |
0.638 |
0.558 |
0.558 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.15
|
0.01 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
21.17
|
12.50 |
29.67 |
LOCAL AGENCY FURTHER INFORMATION
Note : Registered office address of the company has
been shifted from Ruby House,
B-Wing, 4th Floor, J. K. Sawant Marg, Dadar (West), Mumbai – 400028,
Maharashtra, India to the present address w.e.f. 29.11.2010
Finance and
Accounts :
The company has not carried out any business
activity during the year.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U17210MH2007PTC176384 |
|
Name of the
company |
ACE POLYPLAST PRIVATE
LIMITED |
|
Address of the
registered office or of the principal place of business in |
Ruby House,
B-Wing, 4th Floor, J. K. Sawant Marg, Dadar(West), Mumbai – 400028, |
|
This form is for |
Creation of
Charge |
|
Type of charge |
Ř Book Debts Ř Others |
|
Particular of
charge holder |
ICICI Bank
Limited, Email : alok.ke@icicibannk.com |
|
Nature of
instrument creating charge |
Exclusive charge
by way of hypothecation of the company’s entire stocks of raw materials,
semi-finished and finished goods, consumable stores and spares and such other
movables including book-debts, bills whether documentary or clean,
outstanding monies, receivables, both present and future through DOH dated
29-06-2010 |
|
Date of
instrument Creating the charge |
29.06.2010 |
|
Amount secured by
the charge |
Rs.100.000
millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest
- As per sanction terms Terms of
Repayment - payable on demand Margin - 25%
margin against stock and debtors having cover period of 90 days Extent and Operation
of the charge - Exclusive charge by way of hypothecation of the company’s
entire stocks of raw materials, semi-finished and finished goods, consumable
stores and spares and such other movables including book-debts, bills whether
documentary or clean, outstanding monies, receivables, both present and
future |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All present and future
current assets of the company including STOCK,DEBTORS other Receivables etc |
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 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.44.68 |
|
|
1 |
Rs.72.56 |
|
Euro |
1 |
Rs.63.53 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
|
|
PAID-UP CAPITAL |
1~10 |
|
|
OPERATING SCALE |
1~10 |
|
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
|
|
--PROFITABILIRY |
1~10 |
|
|
--LIQUIDITY |
1~10 |
|
|
--LEVERAGE |
1~10 |
|
|
--RESERVES |
1~10 |
|
|
--CREDIT LINES |
1~10 |
|
|
--MARGINS |
-5~5 |
|
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
|
|
--LITIGATION |
YES/NO |
|
|
--OTHER ADVERSE INFORMATION |
YES/NO |
|
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
|
|
--EXPORT ACTIVITIES |
YES/NO |
|
|
--AFFILIATION |
YES/NO |
|
|
--LISTED |
YES/NO |
|
|
--OTHER MERIT FACTORS |
YES/NO |
|
|
TOTAL |
|
|
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 |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.