MIRA
INFORM REPORT
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Report Date : |
03.03.2011 |
IDENTIFICATION DETAILS
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Name : |
HEARTY MART ENTERPRISE PRIVATE LIMITED |
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Registered
Office : |
63/18, Yash Complex, Behind Navjivan Hotel, Sanand Chokdi, Sarkhej,
Ahmedabad – 380055, |
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Country : |
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Date of
Incorporation : |
08.07.2010 |
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Com. Reg. No.: |
04 - 061492 |
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CIN No.: [Company Identification No.] |
U15490GJ2010PTC061492 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Manufacture and Trader of Tea, Pickles, Spices, Dry Fruits, Tin Products, Tin Food
Beverages Etc. |
RATING & COMMENTS
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MIRA’s Rating : |
B (26) |
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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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Maximum Credit Limit : |
USD 4000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a successor of Hearty Mart Enterprises, a proprietory
concern established in the year 2005. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some caution. |
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
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Vajirali Momin |
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Designation : |
Director |
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Contact No.: |
91-9898329495 |
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Date : |
19.02.2011 |
LOCATIONS
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Registered Office : |
63/18, Yash Complex, Behind Navjivan Hotel, Sanand Chokdi, Sarkhej,
Ahmedabad – 380055, |
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Tel. No.: |
91-79-26891532 |
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Mobile No.: |
91-9898329495 (Mr. Vajir Ali Momin) |
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Fax No.: |
91-91-79-65121429 |
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E-Mail : |
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Website : |
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Area : |
5000 Sq. ft |
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Location : |
Rented |
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Factory 1 : |
76 – A, Sagar Estate – 3, Opposite, Ekta Hotel, Sarkej Bavlab Highway,
Sarkhej, Ahmedabad – 382210, Gujarat, India |
DIRECTOR
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Name : |
Mr. Vajirali Nisharali Momin |
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Designation : |
Director |
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Address : |
14 – Saji Park, Sarkhej, Ahmedabad – 380055,
Gujarat, Indai |
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Date of Birth/Age : |
22.06.1979 |
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Qualification : |
B com |
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Experience : |
8 Years |
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Name : |
Mr. Nadimahmad Jafri |
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Designation : |
Director |
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Address : |
B – G1, Elicon Tower, Opposite Vishala Circle, Near Vishala Hotel,
Sarkhej Road, Ahmedabad – 380055, Gujarat, Indai |
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Date of Birth/Age : |
03.12.1971 |
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Qualification : |
MBA |
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Experience : |
10 Years |
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Name : |
Mr. Hussainabbas Abdiali Momin |
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Designation : |
Director |
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Address : |
149, Imam Vadi, Sathal Sathal, TA Dholka,
District Ahmedabad – 387810, Gujarat, Indai |
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Date of Birth/Age : |
10.05.1980 |
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Qualification : |
HSC |
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Experience : |
6 Years |
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Name : |
Mr. Mahammadali Dosanbhai Mukhi |
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Designation : |
Director |
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Address : |
Khanvala Vas, Kanodar, Palanpur, Banaskantha,
Palanpur – 385520, Gujarat, Indai |
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Date of Birth/Age : |
07.02.1974 |
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Qualification : |
B com |
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Experience : |
12 Years |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 05.07.2010
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Names of Shareholders |
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No. of Shares |
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Mr. Vajirali Nisharali Momin |
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2000 |
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Mr. Nadimahmad Jafri |
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4000 |
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Mr. Hussainabbas Abdiali Momin |
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2000 |
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Mr. Mahammadali Dosanbhai Mukhi |
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2000 |
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Total |
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10,000 |
BUSINESS DETAILS
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Line of Business : |
Manufacture and Trader of Tea, Pickles, Spices, Dry Fruits, Tin
Products, Tin Food Beverages Etc. |
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Products : |
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Brand Names : |
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Terms : |
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Selling : |
Cash (25 days) |
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Purchasing : |
Cash (25 days) |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
20 (Approximately) |
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Bankers : |
SBI Bank, Sarkej, HDFC Bank, |
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Facilities : |
--- |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
Mr. Zaheer Mansuria Chartered Accountant |
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Address : |
Ahmedabad, |
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Associates/Subsidiaries : |
--- |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000
Million |
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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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10.000 |
10.000 |
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LOCAL AGENCY FURTHER INFORMATION
Note: The Company was
started on 04.01.2005 with the name Hearty Mart Enterprises as a Proprietory
concern Mr Vajirali Nisharali Momin was a proprietory on 08.07.2010 it was
converted to a Private Limited Company with name Hearty Mart Enterprises
Private Limited.
Trade References:
- Jungle Bhookh Hotel, Near
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.45.12 |
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1 |
Rs.73.43 |
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Euro |
1 |
Rs.62.32 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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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 |
NO |
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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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26 |
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.