BUSINESS INFORMATION REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
APEX TECHNO
POLYMER PRIVATE LIMITED |
Principal Name 1 |
MR. KHOZEMA ASGARALI JAORAWALA |
|
Status |
RECENTLY COMMENCED BUSINESS |
Principal Name 2 |
MR. SIRAJ ASGARALI JAORAWALA |
|
|
|
Registration # |
11-184898 |
|
Street Address |
74, SIDHPURA INDUSTRIAL ESTATE, |
||
|
Established Date |
22.07.2008 |
SIC Code |
-- |
|
Telephone# |
91-22-25035000/ 01/ 02 |
Business Style 1 |
TRADER |
|
Fax # |
91-22-25035003 |
Business Style 2 |
DISTRIBUTOR |
|
Homepage |
Product Name 1 |
ENGINEERING PLASTIC |
|
|
# of employees |
APPROXIMATELY 25 (IN OFFICE) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.100,000/- |
Product Name 3 |
-- |
|
Shareholders |
DIRECTORS OR RELATIVES OF DIRECTORS-100% |
Banking |
SYNDICATE BANK |
|
Public Limited Corp. |
NO |
Business Period |
3 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ca (17) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
ASSOCIATES/
SUBSIDIAIRIES |
|
APEX TECHNO PLAST PRIVATE LIMITED |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
594,000 |
Current Liabilities |
11,000 |
|
Inventories |
0,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
304,000 |
Other Liabilities |
143,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
154,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
644,000 |
|
|
|
Net Worth |
744,000 |
|
Total Assets |
898,000 |
Total Liab. & Equity |
898,000 |
|
Total Assets (Previous Year) |
8,092,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
0,000 |
Net Profit |
0,000 |
|
Sales(Previous yr) |
0,000 |
Net Profit(Prev.yr) |
0,000 |
MIRA
INFORM REPORT
|
Report Date : |
07.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
APEX TECHNO POLYMER PRIVATE LIMITED (w.e.f. 31.03.2011) |
|
|
|
|
Formerly Known
As : |
VAANI MERCANTILE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
74, Sidhpura Industrial Estate, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
22.07.2008 |
|
|
|
|
Com. Reg. No.: |
11-184898 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109MH2008PTC184898 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMV16220B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCV8027B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Distributor of Engineering Plastic. |
|
|
|
|
No. of Employees
: |
Approximately 25 (In office) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (17) |
|
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 |
|
Status : |
Recently Commenced Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Though the company was incorporated in the year 2008, the company has
started its commercial business activities recently in the year April, 2011.
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
|
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. Ravi Nayak |
|
Designation : |
Account Head |
|
Contact No.: |
91-9167249975 91-22-40623508 (Direct No.) |
|
Date : |
06.07.2011 |
LOCATIONS
|
Registered Office : |
74, Sidhpura Industrial Estate, |
|
Tel. No.: |
91-22-25035000/ 01/ 02 |
|
Mobile No.: |
91-9167249975 (Mr. Ravi Nayak) |
|
Fax No.: |
91-22-25035003/ 25035001 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1400 sq ft |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
104, Tirupati Udyog, |
|
Tel. No.: |
91-22-40623500 |
|
Fax No.: |
91-22-40623555 |
|
|
|
|
Branch Office : |
Located at: v
Pune v
v
Chennai v
|
DIRECTORS
As on 29.09.2010
|
Name : |
Mr. Khozema Asgarali Jaorawala |
|
Designation : |
Director |
|
Address : |
105, |
|
Date of Birth/Age : |
30.05.1969 |
|
Date of Appointment : |
18.08.2008 |
|
DIN No.: |
02091114 |
|
|
|
|
Name : |
Mr. Siraj Asgarali Jaorawala |
|
Designation : |
Director |
|
Address : |
5, Rodef Solemn
Building, 23, |
|
Date of Birth/Age : |
25.01.1967 |
|
Date of Appointment : |
18.08.2008 |
|
DIN No.: |
02091132 |
|
|
|
|
Name : |
Mr. Dilip Keshav Pagare |
|
Designation : |
Director |
|
Address : |
Shree Darshan CHS
Limited, S.V. Nagar, Near Versova Telephone Exchange, Andheri (West), Mumbai
– 400 053, |
|
Date of Birth/Age : |
10.01.1969 |
|
Date of Appointment : |
22.07.2008 |
|
Date of Ceasing : |
19.08.2008 |
|
DIN No.: |
00236469 |
|
|
|
|
Name : |
Mr. Hemant Brahmdev |
|
Designation : |
Director |
|
Address : |
Shukla Chawl,
Hawa Hira Mahal, |
|
Date of Birth/Age : |
22.10.1973 |
|
Date of Appointment : |
22.07.2008 |
|
Date of Ceasing : |
19.08.2008 |
|
DIN No.: |
01483447 |
KEY EXECUTIVES
|
Name : |
Mr. Ravi Nayak |
|
Designation : |
Account Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Khozema Asgarali Jaorawala |
|
5000 |
|
Siraj Asgarali Jaorawala |
|
5000 |
|
Total |
|
10000 |
As on 29.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Distributor of Engineering Plastic. |
|
|
|
|
Agencies Held : |
v
Poly Plastic Asia v
Rodia Polymer Company, v
Clariant Chemical, Mumbai |
|
|
|
|
Imports : |
|
|
Products : |
Engineering Plastic |
|
Countries : |
v
v
v
|
|
|
|
|
Terms : |
|
|
Selling : |
Credit (60/ 90 days) |
|
|
|
|
Purchasing : |
L/C |
GENERAL INFORMATION
|
Customers : |
Manufacturer |
|||||||||
|
|
|
|||||||||
|
No. of Employees : |
Approximately 25 (In office) |
|||||||||
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|
|
|||||||||
|
Bankers : |
v
Syndicate Bank v
Apna Sahakari Bank Limited, Shatrunjay, Giriraj
Complex, 1st Floor, Tanaji Chowk, New Mill Road, Kurla (West), Mumbai
– 400 070, Maharashtra, India v
ICICI Bank Limited v
Axis Bank v
Kotak Mahindra Bank |
|||||||||
|
|
|
|||||||||
|
Facilities : |
CC + LC = Rs.150.000 millions
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name 1 : |
Deepak Maru and Company Chartered Accountants |
|
|
|
|
Name 2 : |
R. Vijyan and Company Chartered Accountants |
|
Address : |
26, Nafees Chambers, |
|
Income-tax
PAN of auditor or auditor's firm : |
AACPR7328E |
|
|
|
|
Associates/Subsidiaries : |
Apex Techno Plast Private Limited Address: Vasai and Tarapur Line of Business: Manufacturer of Plastic Instruments. |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- 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 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.100 |
0.100 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.644 |
0.324 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
0.744 |
0.424 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
7.476 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
7.476 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
0.744 |
7.900 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.304 |
0.171 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
0.244 |
0.371 |
|
|
Other Current Assets |
|
0.350 |
0.200 |
|
|
Loans & Advances |
|
0.000 |
7.350 |
|
Total
Current Assets |
|
0.594 |
7.921 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
|
0.011 |
0.020 |
|
|
Provisions |
|
0.143 |
0.172 |
|
Total
Current Liabilities |
|
0.154 |
0.192 |
|
|
Net Current Assets |
|
0.440 |
7.729 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
0.744 |
7.900 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
0.000 |
0.000 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
0.000 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
NA |
NA |
|
Expected Sales (2011-2012): Rs.500.000 millions
The above information has been parted by Mr. Ravi Nayak (Account Head).
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.21 |
18.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
3.86 |
41.26 |
LOCAL AGENCY FURTHER INFORMATION
Note:
As informed by Accountant Mr. Ravi, before this company was known as
“Vaani Mercantile Private Limited” started in 2008 but there was no business, in
2011 they changed their name to “Apex Techno Polymers Private Limited” they are
doing business.
Note:
The registered office of the company has been shifted from
209-B,
FORM 8:
|
Corporate
identity number of the company |
U51109MH2008PTC184898 |
|
Name of the
company |
APEX TECHNO POLYMER PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
74, Sidhpura Industrial Estate, E-Mail: apexhtechnoploymer@gmail.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
Apna Sahakari Bank Limited, Shatrunjay, Giriraj Complex, 1st
Floor, Tanaji Chowk, New Mill Road, Kurla (West), Mumbai – 400 070,
Maharashtra, India E-Mail: loan@apnabank.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement of hypothecation
of movable property |
|
Date of
instrument Creating the charge |
30.04.2011 |
|
Amount secured by
the charge |
Rs.100.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: As stipulated or
may be stipulated from time to time by the Bank. Terms of
Repayment: The Borrower
shall on demand pay the whole amount due to the Bank with interest and cost. Margin: Margin - 15% Extent and
Operation of the charge: Security to cover
principal amount together with interest, costs, charges and expenses etc. Others: Letter of Credit
- Rs.100.000 millions |
|
Short particulars
of the property charged |
First and
exclusive charge and security by way of hypothecation of present and future
Stocks and Book Debts. |
TRADE REFERENCES:
v
Poly Plastic Asia
v
Rodia Polymer Company,
v Clariant Chemical, Mumbai
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.44.38 |
|
|
1 |
Rs.71.24 |
|
Euro |
1 |
Rs.64.16 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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
|
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.