MIRA
INFORM REPORT
|
Report Date : |
06.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
RAVIRAJ GLUCOSE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Parth II, Block No.4, Bijali Nagar, Chinchwad, Pune-411033, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
11.01.2005 |
|
|
|
|
Com. Reg. No.: |
25-020135 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231PN2005PTC020135 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNER10827F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCR9870N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Glucose Raw Material. |
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 : |
Non Business Activity |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Though the company was incorporated in the year 2005, it is yet to start
commercial activities. Payment terms are not known. The company can be considered for business dealings on safe and secure
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 |
INFORMATION PARTED BY
|
Name : |
Mr. Rajendra Laxmanrao Pawar |
|
Designation : |
Director |
|
Date : |
04.01.2011 |
LOCATIONS
|
Registered Office : |
Parth II, Block No.4, Bijali Nagar, Chinchwad, Pune-411033, |
|
Tel. No.: |
91-20-27652149 |
|
E-Mail : |
ravirajhitech@gmail.com |
|
Area : |
1000Sq.ft. |
|
Location : |
Owned |
DIRECTORS
As On : 30.09.2010
|
Name : |
Mr Rajendra Laxmanrao Pawar |
|
Designation : |
Managing Director |
|
Address : |
Parth II, Block No.4, Bijali Nagar, Chinchwad, Pune-411033, |
|
Date of Birth/Age : |
06.04.1963 |
|
Date of Appointment : |
11.01.2005 |
|
DIN No : |
01997144 |
|
|
|
|
Name : |
Mrs. Anuja Rajendra Pawar |
|
Designation : |
Director |
|
Address : |
Parth II, Block No.4, Bijali Nagar, Chinchwad, Pune-411033, |
|
Date of Birth/Age : |
23.04.1971 |
|
Date of Appointment : |
11.01.2005 |
|
DIN No : |
01997167 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Mr Rajendra L. Pawar |
|
500 |
|
Mrs. Anuja Rajendra Pawar |
|
500 |
|
|
|
|
|
Total |
|
1000 |
AS ON 30.09.2010
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Glucose Raw Material. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash |
|
|
|
|
Purchasing : |
Cash |
GENERAL INFORMATION
|
Customers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
5 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
Abhyudaya Cooperative Bank Limited Administrative Office, K. K. Tower, Abhyudaya Bank, Lane, Off G. D.
Ambekar Marg, Parel Village, Mumbai-400012, Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chandrakant B Kale Chartered Accountant |
|
Address : |
A/P, Dehuroad, Taluka Haveli, District Pune-412101, |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs. 100/- each |
Rs. 0.100 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
|
|
|
1000 |
Equity Shares |
Rs. 100/- each |
Rs. 0.100 million |
||
|
|
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.018 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
0.118 |
0.100 |
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
168.035 |
42.954 |
2.465 |
|
|
2] Unsecured Loans |
56.246 |
57.651 |
18.621 |
|
|
TOTAL BORROWING |
224.281 |
100.605 |
21.086 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
224.399 |
100.705 |
21.186 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
207.585 |
113.183 |
17.950 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.500 |
0.500 |
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 |
0.013
|
0.009 |
0.009 |
|
|
Other Current Assets |
21.418
|
9.010 |
0.000 |
|
|
Loans & Advances |
3.916
|
10.741 |
4.292 |
|
Total
Current Assets |
25.347
|
19.760 |
4.301 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
12.158
|
5.556 |
2.336 |
|
|
Other Current Liabilities |
18.704
|
31.381 |
0.000 |
|
|
Provisions |
0.327
|
0.081 |
0.000 |
|
Total
Current Liabilities |
31.189
|
37.018 |
2.336 |
|
|
Net Current Assets |
(5.842)
|
(17.258) |
1.965 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
22.156 |
4.280 |
1.271 |
|
|
|
|
|
|
|
|
TOTAL |
224.399 |
100.705 |
21.186 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase/(Decrease) in Finished Goods |
|
(1.904) |
0.000 |
|
|
|
Expenses |
|
19.780 |
3.010 |
|
|
|
TOTAL |
|
17.876 |
3.010 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) |
|
(17.876) |
(3.010) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) |
|
(17.876) |
(3.010) |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
(7.67) |
(2.26) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
(151.49) |
(30.10) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
2165.00 |
1376.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
0.81 |
0.53 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
(Rs.
In Millions)
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Sundry Creditors |
12.158 |
0.000 |
0.000 |
|
Ardh Metal Agency |
0.000 |
0.000 |
0.623 |
|
Ganesh Transport |
0.000 |
0.000 |
(0.077) |
|
Ghadage Enterprises |
0.000 |
0.000 |
0.089 |
|
Jai Laxmi Steels |
0.000 |
0.874 |
0.845 |
|
Jawale Fabricator and Fensing Contractor |
0.000 |
0.000 |
0.009 |
|
Kanitkar S. M. |
0.000 |
0.200 |
|
|
Mahalaxmi Enterprises |
0.000 |
0.000 |
0.032 |
|
|
0.000 |
0.000 |
(0.013) |
|
|
0.000 |
0.005 |
0.005 |
|
Metro Bright Steel |
0.000 |
0.000 |
0.510 |
|
Mojj Engineering Systems Limited |
0.000 |
3.706 |
|
|
Mr. N. G. Sharma |
0.000 |
0.000 |
0.010 |
|
Mrunal Sales |
0.000 |
0.006 |
|
|
M/S V. A. Tambe Associates |
0.000 |
0.000 |
(0.040) |
|
|
0.000 |
0.000 |
0.010 |
|
Phinolex Steel and Engineering Company |
0.000 |
0.590 |
|
|
Prompt Enterprises |
0.000 |
0.002 |
0.039 |
|
Renuka Hardware and Electrical |
0.000 |
(0.008) |
|
|
Sangram Transport |
0.000 |
0.000 |
0.028 |
|
Shri Sainath Krupa Traders |
0.000 |
0.000 |
0.006 |
|
Shri Walke Patil Crane Services |
0.000 |
0.000 |
|
|
Siddhi Erthmovers |
0.000 |
0.181 |
0.233 |
|
Vardhaman Traders |
0.000 |
0.000 |
0.027 |
|
|
|
|
|
|
Total |
12.158 |
5.556 |
2.336 |
DIVIDEND
Since the company
doesn’t commence its operations the Directors do not recommend any dividend on
equity shares for the year ended 31st March, 2010.
FIXED ASSETS
- Equipments
- Plant and Machinery
- Computer
- Furniture and Fixture
- Land and Building
- Construction under Process
FORM 8
|
Corporate
identity number of the company |
U24231PN2005PTCO20135 |
|
Name of the
company |
RAVIRAJ GLUCOSE
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Parth II, Block No.4, Bijali Nagar, Chinchwad, Pune-411033, |
|
This form is for |
Modification of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of charge
holder |
Abhyudaya
Co-operative Bank Limited Administrative
Office, K. K. Tower, Abhyudaya Bank Lane, Off. G.D. Ambedkar Marg, |
|
Nature of
instrument creating charge |
Hypothecation of
Stock and Book-Debts Agreement |
|
Date of
instrument Creating the charge |
12.05.2010 |
|
Amount secured by
the charge |
Rs. 0.100 million |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As may be decided,
from time to time, by the bank. Terms of repayment Margin As may be
decided, from time to time, by the bank. Extent and operation of the charge To sure the due
repayment of Cash Credit Facility of Rs. 100.000 millions, together with interst,
all costs, charges and expenses, and all other monies thereon, granted by the
Bank to the Company. Other |
|
Short particulars
of the property charged (Including location of the property) |
(i)
All,
present and sure, stock of goods such as maize, Carbon, Coal, Bags, HDPE,
Sulpher and misc items (ii)
All,
Present and future, book debts of the Company. |
|
Charge
identification number of the charge to be modified |
10107367 |
|
Date of
instrument modifying the charge |
29.08.2009 |
|
Particulars of the
present modification |
This Charge shall
now also hold good to sure the due repayment of additional Cash Credit
facility of Rs. 70.000 millions granted to the Company. Hence, the aggregate
Cash Credit facility enhanced from Rs. 30.000 millions to Rs. 100.000
millions. Therefore, the
overall charge now stands at Rs.100.000 millions |
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.45.20 |
|
|
1 |
Rs.70.27 |
|
Euro |
1 |
Rs.59.99 |
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.