Business
information report
1. Summary Information
|
|
|
Country |
India |
|
Company Name |
AMON-RAWINDOW SYSTEMS PRIVATE LIMITED |
Principal Name 1 |
Mr. Kirtilal V Shah |
|
Status |
Moderate |
Principal Name 2 |
Mrs. Kalpana K Shah |
|
|
|
Registration # |
112902 |
|
Street Address |
805, Rajmala, 87-88, Napean Sea Road, Mumbai 400006, Maharashtra |
||
|
Established Date |
09.01.1998 |
SIC Code |
-- |
|
Telephone# |
-- |
Business Style 1 |
Manufacturing and Marketing state of the art UPVC windows and doors
system |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs.1,000,000 |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors 100.00 |
Banking |
Dena Bank |
|
Public Limited Corp. |
-- |
Business Period |
13 years |
|
IPO |
-- |
International Ins. |
- |
|
Public |
-- |
Rating |
Ca (12) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
-- |
|
Note |
- |
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2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
25,427,000 |
Current Liabilities |
16,958,000 |
|
Inventories |
0 |
Long-term Liabilities |
15,436,000 |
|
Fixed Assets |
5,880,000 |
Other Liabilities |
0 |
|
Deferred Assets |
0 |
Total Liabilities |
32,394,000 |
|
Invest& other Assets |
23,000 |
Retained Earnings |
0 |
|
|
|
Net Worth |
(1,064,000) |
|
Total Assets |
31,330,000 |
Total Liab. & Equity |
31,330,000 |
|
Total Assets (Previous Year) |
32,559,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Loss |
2,388,000 |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
1,198,000 |
MIRA
INFORM REPORT
|
Report Date : |
25.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
AMON-RAWINDOW SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
805, Rajmala, 87-88, Napean Sea Road, Mumbai 400006, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
09.01.1998 |
|
|
|
|
Com. Reg. No.: |
112902 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.000 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67120MH1998PTC112902 |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Manufacturing and Marketing state of the art UPVC windows and doors
system |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
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 : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track. There appears
a huge accumulated losses recorded by the company. However, trade relations
are reported as fair. Business is active. Payments are reported to be slow. 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 : |
805, Rajmala, 87-88, Napean Sea Road, Mumbai 400006, Maharashtra,
India |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
63, 6th Floor, Atlanta, 209 NAriman Point, Mumbai 400021,
Maharashtra, India |
|
Tel. No.: |
91-22-22817346 |
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|
|
|
Godown : |
105, Prabbuadi Mandai Road, Below Bank of Maharashtra, Bhiwandi, Thane
421302, Maharashtra, India |
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|
|
|
Factory : |
11/12, NArima Industrial Estate, Valivfata Sativaali Road, VAsai East,
Thane 401208, Maharashtra, India |
|
Tel. No.: |
91-250-2450677 / 3201070 |
|
Fax No.: |
91-250-2452350 |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mrs. Kalpana K Shah |
|
Designation : |
Director |
|
Date of Birth/Age : |
28.10.1961 |
|
Date of Appointment : |
09.01.1998 |
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|
|
|
Name : |
Mr. Kirtilal V Shah |
|
Designation : |
Director |
|
Date of Birth/Age : |
03.06.1935 |
|
Date of Appointment : |
01.01.2006 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Mrs. Kalpana K Shah |
96667 |
|
Mr. Kirtilal V Shah |
3333 |
|
Total |
100000 |
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 : |
Manufacturing and Marketing state of the art UPVC windows and doors
system |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
·
Dena Bank, Zaveri Bazar Branch, 262 Ganeshwadi, Mulji
Jetha Building, Sheikh Memon Street, Mumbai 400002, Maharashtra, India ·
Barclays Bank |
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Facilities : |
Rs. In Millions
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|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
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|
Name : |
V Kannan and Associates Chartered Accountant |
|
Address : |
A 207, Kanara Business Centre, Ghatkopar – Andheri Link Road,
Ghatkopar (East), Mumbai 400077, Maharashtra, India |
|
Tel. No.: |
91-22-67974846 |
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Fax No.: |
91-22-67974845 |
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|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
AS ON 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs. 10 each |
Rs. 2.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares (90000 equity shares of RS. 10 each issued subscribed and fully paid
up issued during the year) |
Rs. 10 each |
Rs.1.000 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 |
1.000 |
1.000 |
1.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.324 |
0.000 |
|
|
4] (Accumulated Losses) |
(2.064) |
0.000 |
(0.874) |
|
|
NETWORTH |
(1.064) |
1.324 |
0.126 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.743 |
1.564 |
0.000 |
|
|
2] Unsecured Loans |
14.693 |
7.885 |
6.730 |
|
|
TOTAL BORROWING |
15.436 |
9.449 |
6.730 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
14.372 |
10.773 |
6.856 |
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|
|
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|
|
APPLICATION OF FUNDS |
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|
|
|
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|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5.880 |
6.484 |
5.136 |
|
|
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 |
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|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
11.509 |
|
|
Sundry Debtors |
2.664
|
4.204 |
2.196 |
|
|
Cash & Bank Balances |
0.112
|
0.117 |
0.610 |
|
|
Other Current Assets |
22.515
|
21.682 |
0.397 |
|
|
Loans & Advances |
0.136
|
0.048 |
0.430 |
|
Total
Current Assets |
25.427
|
26.051 |
15.142 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
11.517
|
15.005 |
9.737 |
|
|
Other Current Liabilities |
5.441
|
6.781 |
3.710 |
|
|
Provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities |
16.958
|
21.786 |
13.447 |
|
|
Net Current Assets |
8.469
|
4.265 |
1.695 |
|
|
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|
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|
MISCELLANEOUS EXPENSES |
0.023 |
0.024 |
0.025 |
|
|
|
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|
|
|
|
TOTAL |
14.372 |
10.773 |
6.856 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
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|
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|
SALES |
NA |
NA |
NA |
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|
|
|
|
|
|
|
NET PROFIT /
(LOSS) FOR THE YEAR |
(2.388) |
1.198 |
0.606 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
NA
|
NA |
NA |
|
|
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|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
NA |
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|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
NA |
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|
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|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
NA |
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|
Debt Equity Ratio (Total Liability/Networth) |
|
(30.44)
|
23.59 |
160.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.50
|
1.19 |
1.12 |
LOCAL AGENCY FURTHER INFORMATION
FIXED ASSETS:
·
Furniture and Fixture
·
Office Equipment
·
Computer Software
·
Vehicle
·
Factory Premises
·
Electrical Fittings
FORM 8
|
Corporate
identity number of the company |
U67120MH1998PTC112902 |
|
Name of the
company |
AMON-RAWINDOW SYSTEMS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
805, Rajmala, 87-88, Napean Sea Road, Mumbai 400006, Maharashtra,
India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
Dena Bank, Zaveri Bazar Branch, 262 Ganeshwadi, Mulji Jetha Building,
Sheikh Memon Street, Mumbai 400002, Maharashtra, India Email: zaveri@denabank.co.in
|
|
Nature of
instrument creating charge |
No instrument was
executed. Charge created by way of equitable mortgage by deposit of title
deeds |
|
Date of
instrument Creating the charge |
25.03.2008 |
|
Amount secured by
the charge |
Rs. 10.000
millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Extent and operation of the charge Security to cover
principal amount together with interest, costs, charges, expenses etc. |
|
Short particulars
of the property charged (Including location of the property) |
Industrial Gala
Nos.3 and 4 on Ground Flr admg. 103.11 sq. mts. (built up area) each in Bldg.
No.8 in the Indl Estate known as "Shri Hari Indl Estate"
constructed on all that piece or parcel of land bearing S No. 84B, Hissa No.1
to 15, S No.84C and 84D, admg 60700 sq. mtrs. at Village Valiv, Tal. Vasai,
Dist. Thane together with structures, erections, plant and machinery, attached to the earth or permanently
fastened to anything attached to the earth, fixtures and fittings both
present and future. |
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 records 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.44.37 |
|
|
1 |
Rs.72.34 |
|
Euro |
1 |
Rs.63.87 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
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 |
-- |
|
--CREDIT LINES |
1~10 |
-- |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
12 |
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.