MIRA
INFORM REPORT
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Report Date : |
14.11.2011 |
IDENTIFICATION DETAILS
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Name : |
ARSHIA GLOBAL TRADECOM PRIVATE LIMITED |
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Registered
Office : |
1/B, Nando Mullick Lane, Kolkata-700006, West Bengal |
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Country : |
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Date of
Incorporation : |
31.03.2010 |
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Com. Reg. No.: |
144757 |
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Capital
Investment/ Paid-up Capital: |
Rs. 9.700 Millions |
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CIN No.: [Company Identification
No.] |
U51909WB2010PTC144757 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CALA12854C |
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PAN No.: [Permanent Account No.] |
AAICA3457A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Traer and Importer of Fabric. |
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No. of
Employees: |
Approximately 17 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject has been taken over the running business of Ganpati Overseas,
erstwhile a proprietory concern. Trade relations are reported as fair.
Business is active. Payments are unknown. The company can be considered for business dealings with some caution.
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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India |
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 (GENERAL DETAILS)
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Name : |
Mr. Abhishek |
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Designation : |
Director |
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Contact No.: |
91-9830042506 |
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Date : |
11.11.2011 |
LOCATIONS
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Registered Office : |
1/B, Nando Mullick Lane, Kolkata-700006, West Bengal, India |
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Tel. No.: |
91-33-25305384 |
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Mobile No.: |
91-9830042506 (Mr. Abhishek) |
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E-Mail : |
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Website : |
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Area : |
Owned |
DIRECTORS
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Name : |
Mr. Abhishek Arun Jhunjhunwala |
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Designation : |
Director |
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Address : |
1/B, Nando Mullick Lane, Kolkata-700006, West Bengal, India |
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Date of Birth/Age : |
27.07.1979 |
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Date of Appointment : |
31.03.2010 |
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DIN No.: |
02496703 |
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Other Directorship:
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Name : |
Mrs. Reema Ravi Kumar Bhawsingka |
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Designation : |
Director |
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Address : |
1/B, Nando Mullick Lane, Kolkata-700006, West Bengal, India |
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Date of Birth/Age : |
07.03.1981 |
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Date of Appointment : |
31.03.2010 |
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DIN No.: |
02496687 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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Percentage of
Holding |
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Abhishek Jhunjhunwala |
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10000 |
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Reema Bhawsingka |
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10000 |
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Total |
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20000 |
(AS ON 10.05.2010)
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List of Allottees |
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No. of Shares Allotted |
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Succulent Mercantiles Private Limited, India |
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25000 |
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Trimurti Infra Developers Private Limited, India |
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25000 |
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Padma Commodeal Private Limited, India |
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25000 |
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Silverpoint Infatech Limited, India |
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25000 |
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Ziwani Barter Private Limited, India |
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25000 |
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Dewdrops Mercantiles Private Limited, India |
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10000 |
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Angad Chemical Private Limited, India |
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15000 |
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Total |
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150000 |
(AS ON 14.04.2010)
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List of Allottees |
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No. of Shares Allotted |
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Abhishek Jhunjhunwala |
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800000 |
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Total |
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800000 |
BUSINESS DETAILS
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Line of Business : |
Traer and Importer of Fabric. |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
Approximately 17 |
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Bankers : |
·
ICICI Bank, N M Lane, Kolkata, West Bengal, India
·
Allahbad Bank, Red Cross Place Branch, 7, Red Cross
Place, Kolkata-700001, West Bengal, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Dukdar and Company Chartered Accountant |
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Address : |
Kolkata, West Bengal, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1500000 |
Equity Share |
Rs.10/- each |
Rs. 15.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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970000 |
Equity Share |
Rs.10/- each |
Rs. 9.700
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Available
LOCAL AGENCY FURTHER INFORMATION
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Check List by
Info Agents |
Available in
Report (Yes/ No) |
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Year of Establishment |
Yes |
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Locality of the firm |
Yes |
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Constitutions of the firm |
Yes |
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Premises details |
Yes |
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Type of Business |
Yes |
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Line of Business |
Yes |
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Promoter’s Background |
-- |
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No. of Employees |
Yes |
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Name of person Contacted |
Yes |
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Designation of contact person |
Yes |
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Turnover of firm for last 3 years |
No |
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Profitability for last three years |
No |
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Reasons for Variation <> 20%` |
-- |
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Estimation for coming financial year |
No |
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Capital in the business |
No |
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Details of sister concern |
-- |
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Major Suppliers |
No |
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Major Customers |
No |
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Payment Terms |
Yes |
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Export/ Import Details (If applicable) |
No |
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Market Information |
-- |
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Litigations that the firm/ Promoter involved in |
-- |
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Banking Details |
Yes |
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Banking Facility details |
-- |
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Conduct of the banking account |
-- |
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Buyer visit details |
-- |
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Financials, fi provided |
No |
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Incorporation details, if applicable |
-- |
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Last accounts filed at ROC |
-- |
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Major Shareholders , if available |
-- |
Bankers Charges
Report as per Registry
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Corporate
identity number of the company |
U51909WB2010PTC144757 |
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Name of the
company |
ARSHIA GLOBAL TRADECOM PRIVATE LIMITED |
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Address of the registered
office or of the principal place of
business in |
1/B, Nando Mullick Lane, Kolkata-700006, West Bengal, India |
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This form is for |
Creation
of Charge |
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Type of charge |
·
Book
Debts ·
Movable
Property ·
Floating
Charge ·
Others
(Stock, Plant and Machinery and other Current and Fixed Assets) |
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Particular of
charge holder |
Allahbad Bank, Red Cross Place Branch, 7, Red Cross Place,
Kolkata-700001, West Bengal, India |
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Nature of
instrument creating charge |
General Letter of
Hypothecation |
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Date of
instrument Creating the charge |
20.12.2010 |
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Amount secured by
the charge |
Rs. 50.000
Millions |
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Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Interest and
other charges will be paid as per terms and conditions of sanction letter of
bank, Presently applicable ROI for CC – 6.00% above BR i.e. 14.50% p.a. w.m.r.,
however subject to change. Terms of
Repayment The Working
capital (Rs. 40.000 Millions by way of CC and Rs. 10.000 Millions by way of
Letter of Credit – Inland/ Foreign) shall be repayable on demand. Margin The borrower
shall maintain appropriate margin as
stipulated in the sanction terms, however the same is subject to change from
time to time. For Cash Credit :
25% on paid stock and 40% on Book-debts (90 Days) For Letter of
Credit- 25% Cash Margin Extent and
Operation of the charge The security created
under said hypothecation shall operate as continuing security and by way of
first charge. The charged
assets/ property be kept at the company risk and expenses in good conditions
and fully insured against loss or damage by fire, lighting or explosion or theft and also against loss or damage by
riot and civil commotion etc. as may be required by the Bank in the joint
names of the banks and the company. Others The company
hereby declares that all the charged property now existing are absolute property
of and at the sole disposal of the company and free from any prior charge or
encumbrance and undertakes that all future property shall likewise the
unencumbered and absolute and disposable property of the company. Other terms and conditions
are as per terms and conditions of above referred hypothecation agreement and
sanction letter of the banks. |
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Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
The company
hereby hypo. And charges by way of 1st charge- A) Entire fixed
assets (movable and immovable including movable plant and machinery,
apparatus, tools, motor lorries, furniture, fixture, car, vehicles etc.
together with spares, tools and accessories) situated/ lying at borrowers
premises or anywhere else B) All the stock
such as raw material, WIP, finished goods such Computer and Textile fabrics
etc. packing material and spares parts whether stored at borrowers factory/
godown or anywhere else C) all the
book-debts, outstanding moneys, receivables, claims, bills, contracts,
engagement, securities etc. and other current assets of the company both
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
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Indian Rupees |
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US Dollar |
1 |
Rs.50.28 |
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|
1 |
Rs.80.08 |
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Euro |
1 |
Rs.68.44 |
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.