MIRA
INFORM REPORT
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Report Date : |
25.06.2011 |
IDENTIFICATION DETAILS
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Name : |
SANJAY AUTOMOBILE ENGINEERS PRIVATE LIMITED |
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Registered
Office : |
Kohinoor Estate, Near |
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Country : |
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Date of
Incorporation : |
31.03.2010 |
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Com. Reg. No.: |
11-135961 |
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Capital
Investment / Paid-up Capital : |
Rs.1.650 Millions |
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CIN No.: [Company Identification
No.] |
U50100PN2010PTC135961 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealers of Hyundai Cars. |
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No. of Employees
: |
259 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (28) |
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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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a successor of Sanjay Automobile Engineers, a partnership
concern started in the year 1991. Trade relations are reported as fair. Business is active. Payments
terms are unknown. 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. Regi Daniel |
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Designation : |
Finance Manager |
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Date : |
24.06.2011 |
LOCATIONS
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Registered Office : |
Kohinoor Estate, Near |
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Tel. No.: |
91-20-25812551 / 52 / 66345700 / 66287300 |
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Mobile No.: |
91-9822396444 (Mr. Sunil Christian)
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Fax No.: |
91-20-25812962/66287301 |
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E-Mail : |
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Website : |
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Area : |
4109 sq. ft. (Owned) |
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Branch Office : |
26 Wellesly Road, Pune H.O, Pune-411001, |
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Tel. No.: |
91-20-26053548/25812552 |
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E-Mail : |
sanjayhyundai@vsnl.com |
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Showroom: |
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Workshop: |
81 B 8, 9, MIDC Industrial Estate, Bhosari, Pune-411026, |
DIRECTORS
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Name : |
Mr. Sunil Charles Christian |
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Designation : |
Director |
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Address : |
601, Magnolia Annexe, Near Baron Club, Kalyani Nagar, Pune-411014, |
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Date of Birth/Age : |
08.11.1972 |
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Qualification : |
B.E |
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Name : |
Mr. David Narendra Christian |
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Designation : |
Director |
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Address : |
701, Magnolia Annexe, Near Baron Club, Kalyani Nagar, Pune-411014, |
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Date of Birth/Age : |
25.07.1944 |
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Qualification : |
AMI |
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Name : |
Mr. Charles Sunder Christian |
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Designation : |
Director |
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Address : |
601, Magnolia Annexe, Near Baron Club, Kalyani Nagar, Pune-411014, |
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Date of Birth/Age : |
02.03.1936 |
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Qualification : |
AMI |
KEY EXECUTIVES
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Name : |
Mr. Regi Daniel |
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Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.03.2010
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Names of Shareholders |
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No. of Shares |
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Charles Sunder Christian |
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40000 |
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David Narendra Christian |
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79000 |
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Sunil Charles Christian |
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99000 |
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Sheila Charles Christian |
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99250 |
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Abha Sunil Christian |
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99500 |
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Sanjay Samual Christian |
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99750 |
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Selina Chandran |
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100000 |
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Total |
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616500 |
As on 26.03.2010
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Names of Shareholders |
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No. of Shares |
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Charles Sunder Christian |
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40000 |
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David Narendra Christian |
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39000 |
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Sunil Charles Christian |
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20000 |
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Sheila Charles Christian |
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250 |
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Abha Sunil Christian |
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250 |
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Sanjay Samual Christian |
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250 |
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Selina Chandran |
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250 |
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Total |
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100000 |
BUSINESS DETAILS
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Line of Business : |
Dealers of Hyundai Cars. |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
259 (Approximately) |
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Bankers : |
Axis Bank Limited, Deccan Gymkhana Branch, Sterling Plaza, Ground
Floor, Jangli Maharaj Road, Deccan Gymkhana, Pune-411004, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
SNDA and Associates Chartered Accountant |
CAPITAL STRUCTURE
Authorised Capital : Rs.10.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.1.650
Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2011 |
31.03.2010 |
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Sales Turnover (Approximately) |
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1600.000 |
1380.000 |
The above information has been parted by Mr. Regi Daniel.
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
Bankers Charges
Report as per Registry
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This form is for |
Modification of
charge |
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Charge
identification number of the modified |
10226628 |
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Corporate
identity number of the company |
U50100PN2010PTC135961 |
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Name of the
company |
SANJAY AUTOMOBILE
ENGINEERS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
Kohinoor Estate, Near |
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Type of charge |
Book Debts Floating Charge Others |
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Particular of
charge holder |
Axis Bank Limited, Deccan Gymkhana Branch, Sterling Plaza, Ground
Floor, Jangli Maharaj Road, Deccan Gymkhana, Pune-411004, Maharashtra, India |
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Email |
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Nature of
description of the instrument creating or modifying the charge |
No instrument was
executed only link letter executed to restructured the existing facility by
reducing the limit of Rs.50.000 Millions already sanctioned and for which the
charge is already registered under charge identification Number 10226628
Dated 11-06-2010 is to reduce to Rs.10.000 Millions. |
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Date of
instrument Creating the charge |
23.11.2010 |
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Amount secured by
the charge |
Rs.10.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest All the Terms and
Conditions remain unchanged as per the original sanction letter:PSC/SW/17/2010-11Dt.13-04-2010
except the reduction of limit as per sanction
letter:PSC/SW/445/2010-11Dt.12/11/2010. Terms of
Repayment All the Terms and
Conditions remain unchanged as per the original sanction letter: PSC
/SW/17/2010-11Dt.13-04-2010 except the reduction of limit as per sanction
letter:PSC/SW/445/2010-11Dt.12/11/2010. Margin All the Terms and
Conditions remain unchanged as per the original sanction letter: PSC
/SW/17/2010-11Dt.13-0402010 except the reduction of limit as per sanction
letter:PSC/SW/445/2010-11Dt.12/11/2010. Extent and
Operation of the charge All the Terms and
Conditions remain unchanged as per the original sanction letter: PSC
/SW/17/2010-11Dt.13-0402010 except the reduction of limit as per sanction
letter:PSC/SW/445/2010-11Dt.12/11/2010. Others The Company, by
virtue of the Board Resolution passed on 22/11/2010,has given assent to all
the Terms and Conditions, Covenants, as provided in the Bank's Sanction Letter
PSC/SW/445/2010-11 Dated 12/11/2010, have executed the related loan
document(s)/ Agreement(s) through the Director(s),who have received and signed the documents in physical form
and who have been authorized to file
eform-8 for modifications for the reduction in the existing limits and in nature of the
charge on agreed terms. |
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Short particulars
of the property charged |
Specific
inventory & all the book debts financed by bank and records thereof
maintained related to it, considered for the finance and kept at Registered
Office /Showrooms and at Works etc. |
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Date of latest
modification prior to the present modification |
11.06.2010 |
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Particulars of
the present modification |
By this present modification,
the existing limit of Rs.50.000 Millions has been reduced to Rs.10.000
Millions with all Terms and conditions will remain unchanged and will govern
as per original sanction letters issued by the Bank. |
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.94 |
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|
1 |
Rs.71.89 |
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Euro |
1 |
Rs.64.09 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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28 |
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
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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.