MIRA
INFORM REPORT
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Report Date : |
07.05.2011 |
IDENTIFICATION DETAILS
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Name : |
MANBHARI BAGS PRIVATE LIMITED |
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Registered
Office : |
Room No. 301, |
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Country : |
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Date of
Incorporation : |
26.05.2010 |
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Com. Reg. No.: |
149555 |
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Capital
Investment / Paid-up Capital : |
10.000 Millions |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
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Manufacturer of Bags. |
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No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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- |
NB |
New Business |
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Status : |
New company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company and establishing itself gradually.
Trade relations are fair. Business is active. Payments are unknown. The company can be considered for
business dealings on a safe and 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
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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. Pawan Agarwal |
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Designation : |
Director |
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Mobile No : |
91-9831103811 |
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Date : |
06.05.2011 |
LOCATIONS
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Registered Office : |
Room No. 301, |
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Tel. No.: |
91-33-22427642 |
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Mobile No.: |
91-9831103811 (Mr. Pawan) |
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Fax No.: |
91-33-22427087 |
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E-Mail : |
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Area : |
Owned |
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Factory : |
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DIRECTORS
AS ON 26.05.2010
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Name : |
Mr. Naresh Agarwal |
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Designation : |
Director |
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Date of Birth/Age : |
25 Years |
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Qualification : |
B.com |
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Name : |
Mr. Pawan Agarwal |
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Designation : |
Director |
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Date of Birth/Age : |
40 Years |
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Qualification : |
B.com |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 09.03.2011
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Names of Shareholders |
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No. of Shares |
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Aman Dealers Private Limited, |
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10000 |
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Sherawali Commotrade Private Limited, |
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10000 |
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Rohit Vyapaar Private Limited, |
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10000 |
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Suman Financial Advisory, Private Limited, Kolkata |
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10000 |
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Suman Realtors Advisory Private Limited, Kolkata |
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10000 |
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Total |
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50000 |
AS ON 21.06.2010
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Names of
Shareholders |
No. of Shares |
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Prabhu Dayal Gupta (HUF), |
10000 |
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Jyoti Agarwal, |
7000 |
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Shankar Lai Agarwal, |
4000 |
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Sunita Agarwal, |
3000 |
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Ratan Agarwal (HUF), |
2000 |
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Pawan Kumar Agarwal (HUF), |
10000 |
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Shankar Lai Agarwal (HUF), |
4000 |
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Total |
40000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Bags. |
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Terms : |
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Selling : |
Credit (30 days) |
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Purchasing : |
Credit (30 days) |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
15 (Approximately) |
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Bankers : |
Tamilnad Mercantile Bank Limited, 58D, |
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Facilities : |
--- |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
G.R.G. Gupta and Associates Chartered Accountant |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
AS ON 26.05.2010
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 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
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FINANCIAL DATA
[all figures are in
Rupees Millions]
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Particulars |
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31.03.2011 |
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Sales Turnover (Approximately) |
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7.000 |
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Expected Sales (2011-2012) : Rs. 27.000 Millions
The above information has been parted by Mr. Pawan Agarwal.
LOCAL AGENCY FURTHER INFORMATION
Trade Refernaces:
- Shreeji Bags,
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Corporate
identity number of the company |
U19115WB2010PTC149555 |
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Name of the
company |
MANBHARI BAGS
PRIVATE LIMITED |
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Address of the registered
office or of the principal place of
business in |
Room No. 301, 27, Kolkata – 700001, |
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This form is for |
Creation of
charge |
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Type of charge |
Immovable
Property |
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Particular of
charge holder |
Tamilnad
Mercantile Bank Ltd., 58D, Kolkata - 700001 |
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Nature of
instrument creating charge |
Deed of
Hypothecation of Machinery. |
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Date of
instrument Creating the charge |
19.01.2011 |
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Amount secured by
the charge |
1.050 Millions |
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Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest: 14.50% per annum and at the bank's ruling
rate prevailing from time to time. Terms of Repayment: 60 monthly installments. Margin: 25% Extent and Operation of the charge: as per documents attached. |
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Short particulars
of the property charged |
1) Hypothecation
of Non-woven bag making Machine, 2) EQM of
residential flat with a built up area of 980 sq.ft. bearing No.3C at Block No.GA-6,
Ganges Gardan, 106, K. C. Singha Road, Howrah-711 102 in the name of Mrs.
Sarabati Gupta valued Rs.2.165 Millions. 3) Personal
Guarantee of 1. Pawan Kumar Agarwal, 2. Naresh Agarwal, 3. Smt. Sarabati
Gupta, 4. Prabhu Dayal Gupta. |
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.44.78 |
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1 |
Rs.73.43 |
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Euro |
1 |
Rs.65.27 |
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.