MIRA
INFORM REPORT
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Report Date : |
22.11.2011 |
IDENTIFICATION DETAILS
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Name : |
A-1 FENCE PRODUCTS COMPANY PRIVATE LIMITED |
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Registered
Office : |
503, |
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Country : |
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Date of
Incorporation : |
12.05.2009 |
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Com. Reg. No.: |
192329 |
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Capital
Investment / Paid-up Capital : |
Rs.0.980
million |
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CIN No.: [Company Identification
No.] |
U28990MH2009PTC192329 |
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IEC No.: |
0303080311 |
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PAN No.: [Permanent Account No.] |
AAICA0280H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Barbed Wire, Razor Wire, Chain Link Fence Fittings, Chain Link Fence, Galvanized Wire and Wire Products. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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 A-1 Fence Products
Company, a partnership concern started in the year 2003. It is an established company having moderate track. The management
denied to disclose any information about the company. However, business is
active. Payments 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.
INFORMATION DECLINED BY
MANAGEMENT NON-COOPERATIVE
LOCATIONS
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Registered Office : |
503, |
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Tel. No.: |
91-22-26321345 |
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Fax No.: |
91-22-28457540 |
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E-Mail : |
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Website : |
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Corporate Office : |
21, Raju Industrial Estate, Penkar Pada Road, Near Dahisar Check Naka, Dahisar (East), Mumbai - 401 104, Maharashtra, India |
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Tel. No.: |
91-22-28457540 / 28457252 |
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Fax No.: |
91-22-28455014 |
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Factory 1 : |
Unit I: 35-36, Athal Industrial Estate, Athal, Silvassa – 396 230, Dadra and |
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Tel. No.: |
91-260-3292809 |
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Factory 2 : |
Unit II: Behind Soniwadi, |
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Tel. No.: |
91-260-2575766 |
DIRECTORS
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Name : |
Mr. Prabhat Kumar Shyam Lall Gupta |
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Designation : |
Director |
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Address : |
503, |
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Date of Birth/Age : |
16.11.1949 |
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Date of Appointment : |
12.05.2009 |
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DIN No.: |
00354825 |
Other Directorship
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S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Company Status |
Defaulting
status |
|
1 |
U99999MH2000PTC129730 |
Aravali Hi-Tech
Private Limited |
Director |
23-11-00 |
23-11-00 |
Active |
YES |
|
2 |
U65993MH2004PTC145941 |
Saurdeep
Investment Private Limited |
Director |
28-04-04 |
28-04-04 |
Dormant |
NO |
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3 |
U27100MH2004PTC144014 |
Sam Alloys
Private Limited |
Director |
14-03-06 |
14-03-06 |
Active |
YES |
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4 |
U28990MH2009PTC192329 |
A-1 Fence
Products Company Private Limited |
Director |
12-05-09 |
12-05-09 |
Active |
NO |
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Name : |
Mr. Vivek Prabhat Kumar Gupta |
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Designation : |
Director |
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Address : |
503, |
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Date of Birth/Age : |
26.12.1978 |
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Date of Appointment : |
12.05.2009 |
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DIN No.: |
00354978 |
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Name : |
Mr. Saurabh Prabhat Kumar Gupta |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
26.07.1981 |
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Date of Appointment : |
12.05.2009 |
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DIN No.: |
02491395 |
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Name : |
Mrs. Kanta Gupta |
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Designation : |
Director |
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Address : |
503, Golden Chariot, Shastri Nagar, Flat 503, Andheri (West), Mumbai –
400 053, |
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Date of Birth/Age : |
08.02.1928 |
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Date of Appointment : |
12.05.2009 |
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DIN No.: |
02491383 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Prabhat Kumar Gupta |
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12500 |
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Saurabh Gupta |
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12000 |
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Kanta Gupta |
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12000 |
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Vivek Gupta |
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12000 |
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Aravali Hightech Private Limited, |
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500 |
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Saurdeep Investment Private Limited, |
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500 |
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Sam Alloys Private Limited, |
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500 |
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Total |
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50000 |
As on 01.11.2010
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Names of Allottees |
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No. of Shares |
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Prabhat Kumar Gupta |
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12000 |
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Saurabh Gupta |
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11520 |
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Kanta Gupta |
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11520 |
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Vivek Gupta |
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11520 |
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Aravali Hightech Private Limited, |
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480 |
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Saurdeep Investment Private Limited, |
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480 |
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Sam Alloys Private Limited, |
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480 |
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Total |
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48000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Barbed Wire, Razor Wire,
Chain Link Fence Fittings, Chain Link Fence, Galvanized Wire and Wire Products. |
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Products : |
·
Chain
Link System ·
Razor Wire
·
Barbed
wire ·
Fencing
Posts ·
Weld
Mesh Panels ·
Anti-Climb/358
Mesh System ·
Security
Gates ·
Gabions
·
Fencing
Accessories |
GENERAL INFORMATION
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No. of Employees : |
Information declined by the management |
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Bankers : |
Karnataka Bank Limited,
Overseas Branch, 104-106, Embassy Centre, Nariman Point, Mumbai – 400 021, |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.10/- each
|
Rs.2.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
98000 |
Equity Shares |
Rs.10/- each
|
Rs.0.980
million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
LOCAL AGENCY FURTHER INFORMATION
FORM 8
|
Corporate
identity number of the company |
U28990MH2009PTC192329 |
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Name of the
company |
A-1 FENCE PRODUCTS COMPANY PRIVATE LIMITED |
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Address of the registered
office or of the principal place of
business in |
503, E-Mail: A1fence2004@yahoo.com |
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This form is for |
Creation of
charge |
|
Type of charge |
·
Movable
Property ·
Others
(Plant and machineries, equipments etc.) |
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Particular of
charge holder |
Karnataka Bank Limited, Overseas Branch, 104-106, Embassy Centre,
Nariman Point, Mumbai – 400 021, E-Mail: bom.overseas@ktkbank.com |
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Nature of
description of the instrument creating or modifying the charge |
Hypothecation
Agreement. |
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Date of
instrument Creating the charge |
31.01.2011 |
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Amount secured by
the charge |
Rs.49.000
millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: At PLR (present PLR
being 13.75% p.a.), subject to changes made by the bank from time to time. Terms of
Repayment: Repayable in 83
equal monthly installments of Rs.0.583 million each and 84th
installment of Rs.0.611 million. Interest to be serviced as and when debited. Margin: Margin to be
maintained at 25% or at such other rate as may be stipulated by the bank from
time to time. Extent and
Operation of the charge: Security created
in respect of term loan facility. |
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Short particulars
of the property charged |
Entire plant and
machineries, equipments, furniture, fixture and fittings and all other
movable assets of the company stored / installed at S. No. 15/2/4/P1,
15/2/4/P1/P1, 15/2/4/P1/P2, 15/10/17/P1, 15/11/18/P1, 17/3/P1 and 18/1
situated at Soni Wadi, Wanka Sub Station Road, Village Thumb via Sanjan,
Umargaon Taluk, Valsad District, Gujarat. |
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.72 |
|
|
1 |
Rs.81.42 |
|
Euro |
1 |
Rs.69.89 |
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 |
|
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 |
|
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 |
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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.