MIRA
INFORM REPORT
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Report Date : |
30.05.2011 |
IDENTIFICATION DETAILS
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Name : |
PRASHANT AUTO PARTS PRIVATE LIMITED |
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Registered
Office : |
Plot No.W 46, MIDC Baramati, Pune - 413133, Maharashtra |
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Country : |
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Date of
Incorporation : |
24.03.2004 |
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Com. Reg. No.: |
11-019044 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U34300PN2004PTC019044 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Manufacturer of Auto Parts |
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No. of Employees
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50 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Dormant |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
As per government, the status of the company is shown as ‘Doarmant’.
The management has not filed the financials of the company with the
government department since its inception. Payment terms and unknown. Initially, 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. Prashant |
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Designation : |
Director |
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Contact No.: |
91-2112-244731 |
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Date : |
25.05.2011 |
LOCATIONS
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Registered Office : |
Plot No.W 46, MIDC Baramati, Pune - 413133, Maharashtra, India |
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Tel. No.: |
91-2112-244731 |
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E-Mail : |
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DIRECTORS
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Name : |
Mr. Prashant Khedekar |
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Designation : |
Director |
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Address : |
Plot No. W 46, MIDC Baramati, Pune - 413133, Maharashtra, India |
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Name : |
Mr. Madhukar Khedekar |
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Designation : |
Director |
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Address : |
Plot No. W 46, MIDC Baramati, Pune - 413133, Maharashtra, India |
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Name : |
Mrs. Nanda Khedekar |
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Designation : |
Director |
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Address : |
Plot No. W 46, MIDC Baramati, Pune - 413133, Maharashtra, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 31.03.2010
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Names of Shareholders |
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No. of Shares |
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Madhav Tukaram Khedekar |
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700 |
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Nanda Madhav Khedekar |
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300 |
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Total |
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1000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Auto Parts |
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GENERAL INFORMATION
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No. of Employees : |
50 (Approximately) |
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Bankers : |
The Cosmos Co-Operative Bank Limited Baramati Branch, 269/270, Shaniwar
Peth, Pune – 411030, Maharashtra, India |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Not Available |
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Associates/Subsidiaries : |
·
Prashant Agritech ·
Baramati Electromech |
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CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.100/- each |
Rs.1.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000 |
Equity Shares |
Rs.100/-
each |
Rs.0.100
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Divulged
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
LOCAL AGENCY FURTHER INFORMATION
Form : 8
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Corporate identity number of the company |
U34300PN2004PTC019044 |
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Name of the company |
PRASHANT AUTO PARTS PRIVATE LIMITED |
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Address of the registered office or of the
principal place of business in |
Plot No. W 46 MIDC, Baramati, Pune, Maharashtra, INDIA |
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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 |
The Cosmos Co-Operative Bank Limited
Baramati Branch, 269/270, Shaniwar Peth, Pune – 411030, Maharashtra, India |
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Nature of instrument creating charge |
Composite Deed of Further Charge (2nd Mortgage) And Hypothecation of Stock,
Debtors For An Increase In Limit / Facility |
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Date of instrument Creating the charge |
22/05/2009 |
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Amount secured by the charge |
Rs. 1.800 millions |
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Brief of the principal terms an conditions
and extent and operation of the charge |
Rate
of interest Interest: 13.5% P.A. Presently Applicable Terms
of repayment Repayable on Demand Subject To Review
Within 12 Months Margin Margin: 25% In Bank's Favour Extent
and operation of the charge The Charge Will Continue To Operate Till
Full Repayment Of The Facility Enjoyed By The Sister Concern M/S Prashant
Agritech Other
Facility: Bills Discounting Rs. 1.800
millions Granted to Sister Concern M/s Prashant Agritech |
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Short particulars of the property charged
(Including location of the property) |
Mortgage Of Property Situated At Plot No.
E-210 MIDC Baramati Industrial Area Village Wanjarwadi District Baramati As
More Particularly Described In Schedule I of The Composite Deed And Plot No.
W-46 Baramati Industrial Area Village Tandulwadi Taluka And District Baramati
As More Particularly Described In Schedule II of The Composite Deed |
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. 45.21 |
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1 |
Rs. 74.30 |
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Euro |
1 |
Rs. 64.40 |
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.