MIRA
INFORM REPORT
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Report Date : |
07.07.2011 |
IDENTIFICATION DETAILS
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Name : |
SHREE HARI YARNS PRIVATE LIMITED |
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Registered
Office : |
House No. 5975, Gat No. A-1a 3, |
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Country : |
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Date of
Incorporation : |
31.05.2010 |
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Com. Reg. No.: |
136433 |
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Paid-up Capital
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Rs. 4.710 Millions |
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CIN No.: [Company Identification
No.] |
U17120PN2010PTC136433 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
KLPS08494D |
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PAN No.: [Permanent Account No.] |
AAOCS3562Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Trader and Distributor of Yarn |
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No. of Employees
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19 (In Office) [approximately)] |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
New company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company establishing itself gradually. Trade
relations are reported as fair. Business is active. Payments terms are
unknown. As claim by Mr. Sunil Pareek From Accounts Department, ‘Shree Hari
Yarn Agency’, ‘Shree Hari Textile Mill’ and ‘SR yarn Distributors’, these
three proprietory concerns were merged and became private limited company. The company can be considered for business dealings with some caution.
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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
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Name : |
Mr. Sunil Pareek |
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Designation : |
Accountant |
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Contact No.: |
91-9371120961 |
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Date : |
05.07.2011 |
LOCATIONS
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Registered Office : |
House No. 5975, Gat No. A-1a 3, |
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Tel. No.: |
91-230-2438430/1/2/3/329/3349/98606 |
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Mobile No.: |
91-9371120961 (Mr. Sunil Pareek) |
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Fax No.: |
91-230-2438441 |
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E-Mail : |
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Area : |
4000 sq.ft |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. Ravishankar Harishankar Panchloria |
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Designation : |
Director |
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Address : |
House No. 5975, Gat No. A-1a 3, |
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Date of Birth/Age : |
01.07.1977 |
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DIN No.: |
03034718 |
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Name : |
Mr. Ankit Subhashkumar Sonthalia |
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Designation : |
Director |
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Address : |
House No. 5975, Gat No. A-1a 3, |
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Date of Birth/Age : |
25.02.1987 |
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DIN No.: |
03034729 |
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Name : |
Mr. Harishankar Ramdhan Panchloriya |
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Designation : |
Director |
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Address : |
House No. 5975, Gat No. A-1a 3, |
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Date of Birth/Age : |
05.06.1955 |
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DIN No.: |
00241981 |
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Name : |
Mr. Ashish Subhash Sonthaliya |
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Designation : |
Director |
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Address : |
Durga Nivas, 17, Sailo Kumar Mukharjee Road, Howrah – 711101, West
Bengal, India |
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Date of Birth/Age : |
30.06.1985 |
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DIN No.: |
00316020 |
KEY EXECUTIVES
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Name : |
Mr. Sunil Pareek |
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Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 17.05.2010
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Name of Shareholders |
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No. of Shares |
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Harishankar Ramdhan Panchloria |
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250 |
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Ravishankar Harishankar Panchloria |
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250 |
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Ashish Sonthalia |
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250 |
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Ankit Sonthalia |
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250 |
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Total |
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1000 |
As On 09.02.2011
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List of Allottees |
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No. of Shares |
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Chandan Harishankar Panchloria |
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100 |
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Sarla Gupta |
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100 |
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Sonali Ravishankar Panchloria |
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5000 |
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Sumitradevi H Panchloria |
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5000 |
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Ravishankar Harishankar Panchloria |
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5000 |
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Harishankar Ramdhan Panchloria |
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15000 |
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Saurav Suresh Sonthalia |
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5000 |
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Sureshkumar Sonthalia |
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5000 |
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Sureshkumar Sonthalia HUF |
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5000 |
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Total |
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45200 |
As On 13.10.2010
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List of Allottees |
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No. of Shares |
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Harishankar Ramdhan Panchloria HUF |
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100 |
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Ravishankar Panchloria HUF |
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100 |
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Sonali Ravishankar Panchloria |
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100 |
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Sumitradevi H Panchloria |
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100 |
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Subhash Kumar Sonthalia |
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100 |
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Subhashkumar Sonthalia HUF |
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100 |
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Sou.Sushila Subhash Sonthalia |
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100 |
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Sureshkumar Sonthalia |
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100 |
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Sureshkumar Sonthalia HUF |
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100 |
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Total |
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900 |
BUSINESS DETAILS
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Line of Business : |
Trader and Distributor of Yarn |
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Agencies Held : |
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Terms : |
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Selling : |
Credit: 30 Days |
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Purchasing : |
Credit: 15 to 20 Days |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
19 (In Office) [approximately)] |
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Bankers : |
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Facilities : |
-- |
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Banking Relations
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-- |
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Auditors : |
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Name : |
Ravikumar Randar and Associates Chartered Accountant |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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47100 |
Equity Shares |
Rs. 100/- each |
Rs. 4.710
Millions |
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FINANCIAL DATA
[all figures are in
Rupees Millions]
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Particulars |
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31.03.2011 |
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Sales Turnover (approximately) |
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190.000 |
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Work started in this company from December 2010
The above information has been parted by Mr. Sunil Pareek
LOCAL AGENCY FURTHER INFORMATION
Trade References:
- Trident
Limited –
- Nagarika
Exports Private Limited – Mumbai
- Sugmeshwara
Spinning Mill Private Limited –
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.50 |
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1 |
Rs.71.25 |
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Euro |
1 |
Rs.64.40 |
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 |
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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.