MIRA
INFORM REPORT
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Report Date : |
22.11.2011 |
IDENTIFICATION DETAILS
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Name : |
SHRI BHARAT WORLDWIDE PRIVATE LIMITED |
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Registered
Office : |
Bharat Plaza, 112, Sector-E, Near Kalpataru Cinema, Shastri Nagar,
Jodhpur-342003, Rajasthan |
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Country : |
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Date of
Incorporation : |
18.11.2009 |
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Com. Reg. No.: |
030275 |
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Capital
Investment/ Paid-up Capital: |
Rs. 0.350 Million |
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CIN No.: [Company Identification
No.] |
U18101RJ2009PTC030275 |
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Legal Form : |
Private limited liability company |
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Line of Business
: |
Manufacturer and Exporter of Grooms Sherwanies, Bridal Wedding Saree, Punjabi
Suits etc. |
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No. of
Employees: |
Approximately 55 |
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 is a successor of Shri Bharat Worldwide, Inc. a proprietory
concern started in the year 2001. Subject is a company having moderate track. The management has not
filed the financials of the company with the government departments since its
inception. 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
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Name : |
Mr. Lalit Jain (Financial Details) |
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Designation : |
Account Department |
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Contact No.: |
91-94610209790 |
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Name : |
Mr. Lalit Khatri (General Details) |
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Designation : |
Managing Director |
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Contact No.: |
91-9784592865 |
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Date : |
21.11.2011 |
LOCATIONS
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Registered Office/ Factory : |
Bharat Plaza, 112, Sector-E, Near Kalpataru Cinema, Shastri Nagar,
Jodhpur-342003, Rajasthan, India |
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Tel. No.: |
91-291-2771864 |
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Mobile No.: |
91-9784592865 (Mr. Lalit Khatri) |
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Fax No.: |
91-291-2771864 |
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E-Mail : |
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Website : |
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Area : |
11000 sq.ft. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Laxmi Khatri Narayan |
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Designation : |
Director |
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Address : |
No.97, Kuldeep Vihar, Opposite Birla School, Jhanwar Road, Jodhpur-342
009, Rajasthan, India |
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Date of Birth/Age : |
04.12.1957 |
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Date of Appointment : |
01.07.2010 |
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DIN No.: |
03157076 |
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Name : |
Mr. Lalit Khatri |
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Designation : |
Managing Director |
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Address : |
No.97, Kuldeep Vihar, |
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Name : |
Mrs. Neeru Khatri |
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Designation : |
Director |
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Address : |
No.97, Kuldeep Vihar, |
KEY EXECUTIVES
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Name : |
Mr. Lalit Jain |
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Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Lalit Khatri |
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15000 |
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Neeru Khatri |
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5000 |
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Total |
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20000 |
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Names of Allotees |
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No. of Shares |
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Lalit Khatri |
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14500 |
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Manjula Khatri |
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500 |
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Total |
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15000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Grooms Sherwanies, Bridal Wedding Saree, Punjabi
Suits etc. |
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Exports : |
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Products : |
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Countries : |
·
USA ·
UK ·
Australia |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
·
Wholesalers ·
End Users |
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No. of Employees : |
Approximately 55 |
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Bankers : |
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ICICI Bank, Sindhi Colony, Jodhpur, India |
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Banking Relations : |
-- |
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Financial Institutions: |
ICICI Home Finance Company Limited, |
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Auditors : |
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Name : |
Praveer Lodha and Company Chartered Accountants |
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Address: |
Mumbai, Maharashtra, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs.10/- Each |
Rs.5.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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35000 |
Equity Shares |
Rs.10/- Each |
Rs.0.350
million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2011 |
31.03.2010 |
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Sales Turnover (Approximately) |
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50.000 |
30.000 |
The above information has been parted by Mr. Lalit Jan (Account
Department)
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 2 years |
Yes |
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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 |
No |
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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) |
Yes |
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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 |
-- |
Note:
The Registered office of the company has been shifted from No.97,
Kuldeep Vihar, Opposite Birla School Road, Shankar Nagar, Jhanwar Road,
Jodhpur-342 008, Rajasthan, India to present address w.e.f. 01.07.2011
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U18101RJ2009PTC030275 |
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Name of the
company |
SHRI BHARAT
WORLDWIDE PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
No.97, Kuldeep Vihar, Opposite Birla School Road, Shankar Nagar,
Jhanwar Road, Jodhpur-342 008, Rajasthan |
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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 |
ICICI Home Finance Company Limited, CIN No.: U65922MH1999PLC120106 Email: sreekanth.vn@icicihfc.com
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Nature of
description of the instrument creating or modifying the charge |
facility
agreement dated 27.11.2009 |
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Date of
instrument Creating the charge |
27.11.2009 |
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Amount secured by
the charge |
Rs.5.000 millions
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest ICICI Home Prime
Lending Rate 14.75% as on date Adjustable Rate as publicly notified from time
to time plus margin of +/1 2.75% - 12% pa. (14.75-2.75 = 12% pa applicable) Terms of
Repayment for in 240 EMIs
with an amount of Rs.0.055 million per month Margin margin at rate
54.26% at value of the property Extent and
Operation of the charge Exclusive first
charge on property and interest on same. Others Guarantee by
applicant and other co-applicants and 2% on the amount paid on all amount
tendered by the borrower towards prepayment of the loan during the last 1
year from the date of final repayment. |
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Short particulars
of the property charged |
112, Sector E4
Section, Masuriya Scheme, |
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.72 |
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|
1 |
Rs.81.42 |
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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 |
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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.