MIRA
INFORM REPORT
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Report Date : |
11.05.2011 |
IDENTIFICATION DETAILS
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Name : |
LANDGRACE CERAMIC PRIVATE LIMITED |
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Registered
Office : |
S.No.93, 95/2 and 102P1, B/H Senso Vitrified, Taluka Wankaner,
Sartanner, |
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Country : |
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Date of
Incorporation : |
10.02.2010 |
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Com. Reg. No.: |
059538 |
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Capital
Investment / Paid-up Capital : |
Rs.1.000
million |
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CIN No.: [Company Identification
No.] |
U26933GJ2010PTC059538 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
RKTL00514D |
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PAN No.: [Permanent Account No.] |
AABCL7188E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter
of Ceramic Tiles. |
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No. of Employees
: |
45 (In office – 7, In factory – 38) (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 new company and yet to establish itself gradually. The company
expects sizable turnover the financial year 2011-12. Business is active.
Payment terms are unknown. 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
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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. Dharmendrabhai Jakasaniya |
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Designation : |
Director |
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Contact No.: |
91-9909991742 |
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Date : |
07.05.2011 |
LOCATIONS
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Registered Office/ Factory : |
S.No.93, 95/2 and 102P1, B/H Senso Vitrified, Taluka Wankaner,
Sartanner, |
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Mobile No.: |
91-9909991742 (Mr. Dharmendra) |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Dharmendra
Avcharbhai Jaksaniya |
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Designation : |
Director |
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Address : |
401, |
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Date of Birth/Age : |
40 Years |
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Name : |
Mr. Kishorbhai
Amarshibhai Bhalodia |
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Designation : |
Director |
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Address : |
401, Prasang
Apartment, Swastik Society, Opposite New Bus Stand, |
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Date of Birth/Age : |
42 Years |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Arvindbhai M.
Bhalodia |
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1000 |
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Maganbhai D.
Detroja |
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1000 |
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Avcharbhai S.
Jakasaniya |
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90000 |
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Dharmendrabhai A.
Jakasaniya |
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3000 |
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Kishorbhai A.
Bhalodia |
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3000 |
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Mahendrabhai V.
Bhalodia |
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1000 |
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Arvindbhai V.
Ranipa |
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1000 |
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Total
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100000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter
of Ceramic Tiles. |
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Products : |
v
GVT v
Parking
Tiles
v
Porcelain
Tiles
v
Floor
Tiles |
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Exports : |
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Products : |
Ceramic Tiles |
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Countries : |
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Imports : |
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Products : |
Machinery and Raw Materials |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit (30 days) |
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Purchasing : |
L/C, Cash and Credit (30 days) |
GENERAL INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
45 (In office – 7, In factory – 38) (Approximately) |
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Bankers : |
The Cosmos
Co-Operative Bank Limited, Cosmos Bank House, Opposite Income Tax Office,
Ashram Road, Ahmedabad – 380 009, Gujarat, India |
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Facilities : |
Term Loan – Rs.65.000 millions Cash Credit – Rs.25.000 millions |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
N.A. Hadial Chartered Accountant |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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4250000 |
Equity Shares |
Rs.10/- each |
Rs.42.500 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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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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31.03.2011 (Approximately) |
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Sales Turnover |
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50.000 |
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Expected Sales (2011-2012): Rs.250.000 millions
The above information has been parted by Mr. Dharmendrabhai (Director).
LOCAL AGENCY FURTHER INFORMATION
TRADE REFERENCES:
v
Shivam Tiles Corporation –
FORM 8:
|
Corporate
identity number of the company |
U26933GJ2010PTC059538 |
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Name of the
company |
LANDGRACE CERAMIC PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
S.No.93, 95/2 and 102P1, B/H Senso Vitrified, Taluka Wankaner,
Sartanner, E-Mail: info@landmarktiles.com |
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This form is for |
Creation of
charge |
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Type of charge |
Immovable
Property Book Debts Movable Property Others
(Machineries and Stocks) |
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Particular of
charge holder |
The Cosmos Co-Operative Bank Limited, Cosmos Bank House, Opposite
Income Tax Office, Ashram Road, Ahmedabad – 380 009, Gujarat, India E-Mail: manojshah@gmail.com |
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Nature of
description of the instrument creating or modifying the charge |
i) Legal
Mortgage, ii) Deed of
Hypothecation of stocks, book-debts and machinery. |
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Date of
instrument Creating the charge |
29/07/2010 |
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Amount secured by
the charge |
Rs.85.000
millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: 12.5% Terms of
Repayment: WC : On demand TL : 66 Months Margin: 25% Extent and
Operation of the charge: First charge of Bank
on all movable and immovable properties of the company mentioned. |
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Short particulars
of the property charged |
Simple Mortgage
of factory land and building at S. No. 93, 95/2 and 102/1, Village Sartanpar,
Taluka Wankaner Hypothecation of
all stocks including raw material, semi-finished and finished goods,
book-debts, all current assets, all plant and machineries, 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 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.44.73 |
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|
1 |
Rs.73.21 |
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Euro |
1 |
Rs.63.90 |
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.