MIRA
INFORM REPORT
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Report Date : |
01.06.2011 |
IDENTIFICATION DETAILS
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Name : |
PILOT 2 WHEELERS PRIVATE LIMITED |
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Registered
Office : |
5 Sunder Baug, |
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Country : |
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Date of
Incorporation : |
08.05.2001 |
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Com. Reg. No.: |
11-131880 |
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Capital
Investment / Paid-up Capital : |
Rs. 12.500 millions |
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CIN No.: [Company Identification
No.] |
U50504MH2001PTC131880 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP12138A |
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PAN No.: [Permanent Account No.] |
AACCP3830E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Dealer of Honda and Wheelers |
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No. of Employees
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110 (in office) (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
--- |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
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Comments : |
The financials of the company are missing from the Government
Departments since its incorporation in 2001. Payments terms are not known. The company can be considered for business dealings on a secured trade
terms and conditions, initially. |
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 (GENERAL DETAILS)
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Name : |
Mr. Rajesh |
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Designation : |
Manager |
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Contact No.: |
91-9870075071 |
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Date : |
31.05.2011 |
LOCATIONS
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Registered Office : |
5 Sunder Baug, |
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Tel. No.: |
91-22-67756868 |
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Mobile No.: |
91-9870075071 (Mr. Rajesh) |
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E-Mail : |
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Location : |
Owned |
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Showroom : |
Mulund |
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Location : |
Rented |
DIRECTORS
AS ON 30.09.2009
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Name : |
Mr. Jagjit S. Vijan |
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Designation : |
Director |
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Address : |
47, Sindhi Society, Chembur, Mumbai – 400 071, |
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Date of Birth/Age : |
09.04.1948 |
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Date of Appointment : |
29.03.2004 |
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Date of Ceasing : |
17.07.2009 |
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DIN No : |
00589327 |
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Name : |
Mrs. Harvinder Singh Oberai |
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Designation : |
Director |
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Address : |
11, Tulsi Mahal, 26th Road, Opp. St. Theresa School, Bandra
West, Mumbai – 400 050, Maharashtra, India |
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Date of Birth/Age : |
10.10.1957 |
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Date of Appointment : |
25.07.2008 |
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DIN No : |
02492906 |
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Name : |
Mr. Karanjiv Singh J. Vijan |
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Designation : |
Director |
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Address : |
47, Sindhi Society, Chembur, Mumbai – 400 071, |
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Date of Birth/Age : |
08.07.1986 |
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Date of Appointment : |
17.07.2009 |
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DIN No : |
02726179 |
KEY EXECUTIVES
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Name : |
Mr. Rajesh |
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Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2009
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Names of Shareholders |
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No. of Shares |
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Jagjit S. Vijan |
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500000 |
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Harvinder Singh Oberai |
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250000 |
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Jaspreet Kaur J. Vijan |
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250000 |
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Karanjiv Singh J. Vijan |
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250000 |
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Total |
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1250000 |
AS
ON 30.09.2009
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Dealer of Honda and Wheelers |
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Agencies Held : |
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GENERAL INFORMATION
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No. of Employees : |
110 (in office) (Approximately) |
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Bankers : |
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Banking
Relations : |
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Auditors : |
Not Divulged |
CAPITAL STRUCTURE
AS ON 31.03.2009
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1250000 |
Equity Shares |
Rs.10/- each |
Rs. 12.500 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1250000 |
Equity Shares |
Rs.10/- each |
Rs. 12.500 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2010 |
31.03.2009 |
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Sales Turnover (Approximately) |
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190.000 |
170.000 |
Expected Sales (2010-2011) : Rs. 230.000 Millions
The above information has been parted by Mr. Rajesh.
LOCAL AGENCY FURTHER INFORMATION
Note – Sundry Creditors
details are not available.
Form 8
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This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U50504MH2001PTC131880 |
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Name of the
company |
PILOT 2 WHEELERS PRIVATE LIMITED |
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Address of the registered
office or of the principal place of
business in |
5 Sunder Baug, |
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Type of charge |
Movable Property |
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Particular of
charge holder |
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Nature of
description of the instrument creating or modifying the charge |
Hypothication of
Goods And Assets |
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Date of instrument
Creating the charge |
08.08.2008 |
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Amount secured by
the charge |
Rs. 2.884
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest rate shall
be charged on the loan at 14%p.a with monthly/half yearly rests. The rate of
interest as decided by the bank time to time. Panal interest @2%, on the
entire loan outstanding period of such default will be charges if the emis
remain unpaid of 30days from tha due date. Terms of
Repayment The Loan Is To Be
Repaid In Emi Of Rs.0.067 millions Till The Entire Loan With The Interest Is
Fully Repaid Margin As Per Aforesaid
Credit Facility -25% Extent and
Operation of the charge Hypothication of
the aforesaid car purchased out of the loan amount in favour of the bank. Others Nil |
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Short particulars
of the property charged |
Hypothecation of
Car |
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.45.03 |
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1 |
Rs.74.43 |
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Euro |
1 |
Rs.64.75 |
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.