MIRA INFORM REPORT

 

 

Report Date :

21.05.2011

 

IDENTIFICATION DETAILS

 

Name :

FINE WINES N MORE (INDIA) PRIVATE LIMITED

 

 

Registered Office :

113, Raheja Plaza, Plot No 15/B, Next To Afcons, Off Link Road, Andheri(W), Mumbai – 400059, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2010

 

 

Date of Incorporation :

02.04.2008

 

 

Com. Reg. No.:

180743

 

 

Capital Investment / Paid-up Capital :

Rs.0.100 Million

 

 

CIN No.:

[Company Identification No.]

U15520MH2008PTC180743

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMF05274D

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Importer, Distributor and Marketing of Wine, Fresh Juice, etc.

 

 

No. of Employees :

Not Divulged

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (11)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Yet to Commenced Business 

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

As per the available last financials the company is yet to commence its business activities. Payments are not known.

 

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.

 

INFORMATION DENIED BY

 

Management Non Co-operative [Name not disclosed]

 

LOCATIONS

 

Registered Office :

113, Raheja Plaza, Plot No 15/B, Next To Afcons, Off Link Road, Andheri(W), Mumbai – 400059, Maharashtra, India

Tel. No.:

91-22-42686666

Fax No.:

91-22-42686667

E-Mail :

ddesai@finewinesnmore.com

 

 

Corporate Office:

406 and 113, Raheja Plaza, Plot No 15/B, Parksons Press Communication, Off Link Road, Andheri(W), Mumbai – 400059, Maharashtra, India

Tel No.:

91-22-40330000

Fax No.:

91-22-40330100

Email:

info@finewinesnmore.com

 

 

Branch:

Bajrang House Association, 9 and 10, Ground Floor, N-5, South Extn, Part 1, New Delhi – 110049, Delhi, India

Tel No.:

91-11-46047157

Fax No.:

91-11-24602421

Email:

info@finewinesnmore.com

 

 

DIRECTORS

 

AS ON 30.09.2010

 

Name :

Mr. Dharti Arvindkumar Desai

Designation :

Director

Address :

103-104, 10th Floor, 2 C Windermer Off New Link Road, Oshivara, Andheri (West), Maharashtra, India

Date of Birth/Age :

05.03.1967

Date of Appointment :

02.04.2008

 

 

Name :

Mr. Arvindbhai Jivanji Desai

Designation :

Director

Address :

162, Windermere 2 B 16th Floor, Opp Millat Nagar, New Link Road, Andheri (West), Maharashtra, India

Date of Birth/Age :

12.10.1938

Date of Appointment :

02.02.2008

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2010

 

Names of Shareholders

 

No. of Shares

Dharti Arvindkumar Desai

 

9999

Arvindbhai Jivanji Desai

 

1

Total

 

10000

 

AS ON 30.09.2010

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Importer, Distributor and Marketing of Wine, Fresh Juice, etc.

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Divulged

 

 

Bankers :

Not Available

 

 

Facilities :

--

 

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Bhavesh R Dalal and Company

Chartered Accountant

Address :

40, Geeta, 135/138, J P Road, Andheri (West), Maharashtra, India

Tel No.:

91-22-26774681/268287633

 

 

Associates/Subsidiaries :

NA

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2010

 

Authorised Capital :

No. of Shares

Type

Value

Amount

500000

Equity Shares

Rs.10/- each

Rs.5.000 Millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

10000

Equity Shares

Rs.10/- each

Rs.0.100 Million

 

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

 

31.03.2010

(30.06.2009 to 31.03.2010)

31.06.2009

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

 

0.100

0.100

2] Share Application Money

 

0.000

0.000

3] Reserves & Surplus

 

0.000

0.000

4] (Accumulated Losses)

 

0.000

0.000

NETWORTH

 

0.100

0.100

LOAN FUNDS

 

 

 

1] Secured Loans

 

0.150

0.142

2] Unsecured Loans

 

0.000

0.000

TOTAL BORROWING

 

0.150

0.142

DEFERRED TAX LIABILITIES

 

0.000

0.000

 

 

 

 

TOTAL

 

0.250

0.242

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

0.000

0.000

Capital work-in-progress

 

0.000

0.000

 

 

 

 

INVESTMENT

 

0.000

0.000

DEFERREX TAX ASSETS

 

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
 

0.000

0.000

 

Sundry Debtors
 

0.000

0.000

 

Cash & Bank Balances
 

0.118

0.120

 

Other Current Assets
 

0.000

0.000

 

Loans & Advances
 

0.000

0.000

Total Current Assets
 

0.118

0.120

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Sundry Creditors
 

0.000

0.000

 

Other Current Liabilities
 

0.000

0.000

 

Provisions
 

0.002

0.120

Total Current Liabilities
 

0.002

0.000

Net Current Assets
 

0.116

0.120

 

 

 

 

MISCELLANEOUS EXPENSES

 

0.134

0.122

 

 

 

 

TOTAL

 

0.250

0.242

 

 

 

KEY RATIOS

 

PARTICULARS

 

 

 

 

31.03.2010

(30.06.2009 to 31.03.2010)

Debt Equity Ratio

(Total Liability/Networth)

 
 

 

0.02

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
 

 

59.00

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

DETAILS OF SUNDRY CREDITORS

 

Sundry Creditors are not available

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.44.93

UK Pound

1

Rs.72.91

Euro

1

Rs.64.34

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

2

PAID-UP CAPITAL

1~10

2

OPERATING SCALE

1~10

1

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

2

--PROFITABILIRY

1~10

--

--LIQUIDITY

1~10

2

--LEVERAGE

1~10

2

--RESERVES

1~10

--

--CREDIT LINES

1~10

--

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

TOTAL

 

11

 

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

 

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

-

NB

                                       New Business

-

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.