MIRA
INFORM REPORT
|
Report Date : |
01.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
RAHUL PETROCHEMICAL PRODUCTS PRIVATE LIMITED |
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|
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Registered
Office : |
Flat No. 416, Royal Pavilion, 6-3-787, Ameerpet, Hyderabad-500016,
Andhra Pradesh |
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|
Country : |
India |
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Date of
Incorporation : |
23.09.2008 |
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Com. Reg. No.: |
01-061170 |
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Capital
Investment / Paid-up Capital : |
Not Available |
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CIN No.: [Company Identification
No.] |
U23209AP2008PTC061170 |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Manufacturers, Importers, exporters, suppliers, dealers of inorganic and
organic compounds, solvents, chemicals, petro-chemicals, plastics, sanitary
chemicals, etc. |
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|
|
|
No. of Employees
: |
10(Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B(26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 Rahul Agencies,
erstwhile a partnership concern. Trade relations are reported as fair.
Business is active. Payments are unknown. The Company can be considered for business dealings with some caution. |
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
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
LOCATIONS
|
Registered Office : |
Flat No. 416, Royal Pavilion, 6-3-787, Ameerpet, Hyderabad-500016,
Andhra Pradesh |
|
Tel. No.: |
91-40-23411455/56 |
|
Mobile No.: |
91-9177890008 (Mr. Niranjan ) |
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Fax No.: |
91-40-23413999 |
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E-Mail : |
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Area : |
1000 Sq. ft. |
DIRECTORS
AS ON 23.09.2008
|
Name : |
Mr. Raja Bansi Devi Mallu |
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Designation : |
ManagingDirector |
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Address : |
401, Tejaswi Colony, Punjaguttta, Hyderabad-500082, Andhra Prsadesh,
India |
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Date of Birth/Age : |
29.01.1963 |
|
Date of Appointment : |
09.01.2009 |
|
DIN No.: |
01962825 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U45200AP2005PTC045468 |
Cardamom
Estates Private Limited |
Managing
director |
24/02/2005 |
24/02/2005 |
- |
Active |
|
|
2 |
U23209AP2008PTC061170 |
Rahul
Petrochemical Products Private Limited |
Managing
director |
9/1/2009 |
23/09/2008 |
- |
Active |
|
|
3 |
U45400AP2011PTC074827 |
Mallu
Infratech Private Limited |
Director |
3/6/2011 |
3/6/2011 |
- |
Active |
NO |
|
Name : |
Mr. Ravi Mallu |
|
Designation : |
Director |
|
Address : |
Plot No. 259, Road No.10C, MP MLA Colony Jubilee Hills, Hyderabad-500033,
Andhra Pradesh, India |
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Date of Birth/Age : |
14.07.1950 |
|
Date of Appointment : |
09.01.2009 |
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DIN No.: |
01962789 |
|
Name : |
Mr. Siddhartha Mallu |
|
Designation : |
Director |
|
Address : |
Plot No. 401, Tejeswi Apartments ,Dwarakaspursi Colony,
Panjagutta, Hyderabad-500033, Andhra
Pradesh, India |
|
Date of Birth/Age : |
02.04.1983 |
|
DIN No.: |
01962789 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U45200AP2005PTC045468 |
Cardamom
Estates Private Limited |
Director |
24/02/2005 |
24/02/2005 |
- |
Active |
|
|
2 |
U23209AP2008PTC061170 |
Rahul
Petrochemical Products Private Limited |
Director |
23/09/2008 |
23/09/2008 |
- |
Active |
|
|
3 |
U45400AP2011PTC074827 |
Mallu
Infratech Private Limited |
Director |
3/6/2011 |
3/6/2011 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Gopinath Survey |
|
Designation : |
Company Secretary |
|
Address : |
S/o S.G.K.M.Gupta2nd Floor, 5-9-22/4, Adarsh Nagar,
Hyderabad-500063 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 17.09.2008
|
Names of Shareholders |
No. of Shares |
|
Raja Bansi Devi Mallu |
80000 |
|
Koneti Alisamma |
20000 |
|
|
|
|
Total |
100000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers, Importers, exporters, suppliers, dealers of inorganic and
organic compounds, solvents, chemicals, petro-chemicals, plastics, sanitary
chemicals, etc. |
GENERAL INFORMATION
|
No. of Employees : |
10(Approximately) |
|
|
|
|
Bankers : |
·
ICICI Bank Limited, Nungum Bukkam, Branch
Chennai, India. ·
Andhra Bank, 6-3-352/2, Upper Ground Floor,
Astral Heights, Road 1, Bajara Hills, Hyderabad-500034, Andhra Pradesh,
India. |
|
Banking
Relations : |
-- |
|
|
|
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital = Rs.0.000
Million
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Available
LOCAL AGENCY FURTHER INFORMATION
NOTE:
Registered Office of the company has been shifted from Plot No. 3,
Journalist Colony, Road 3, Banjara Hills, Hyderabad, Andhra Pradesh, India to
present address w. e. f. 23.09.2008
OBSERVATION
POINTS:
|
Name of Company |
RAHUL AGENCIES |
|
Address |
Flat-416, 4th Floor, Royal Pavilion, H. No.6-3-787,
Ameerpet, Hyderabad-5000016, Andhra Pradesh, India. |
|
Tel No. |
91-40-23411455/56 91-40-23417676 |
|
Fax No: |
91-40-23413999 |
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Mobile No: |
91-9177890008(Mr |
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Email: |
|
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Name Board: |
Sighted (Board of Rahul Petrochemical Products Private Limited) |
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Visibility of Name Board: |
High |
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Location |
Difficult |
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Locality |
Residential |
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Approx. Market Value of Premises |
1000 Sq. ft. |
|
Area |
Upmarket |
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Visibility of Items |
Tel, Fax, Computers, AC |
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No. of Employees seen at Business Premise |
10(Approximately) |
|
Furniture Items Sighted |
Yes |
|
Office Appearance |
Excellent |
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Sister Concern (Other Names on Name Board): |
RAHUL PETROCHEMICAL PRODUCTS PRIVATE LIMITED |
|
Visiting Card Provided as Proof of Visit |
Yes |
FORM 8
|
Corporate
identity number of the company |
U23209AP2008PTC061170 |
|
Name of the
company |
RAHUL PETROCHEMICAL PRODUTS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Flat No. 416, Royal Pavilion, 6-3-787, Ameerpet, Hyderabad-500016,
Andhra Pradesh |
|
This form is for |
Creation of
charge |
|
Type of charge |
Others ·
Counter
Guarantee of the Company |
|
Particular of
charge holder |
Nationalised Bank Andhra Bank 6-3-352/2, Upper
Ground Floor, Astral Heights, Road 1, Banjara Hills, Hyderabad-500034, Andhra
Pradesh, India |
|
Nature of
instrument creating charge |
·
Composite
agreement ·
General
from of guarantee ·
Counter
guarantee form ·
Memorandum
of deposit of title deeds |
|
Date of
instrument Creating the charge |
17.02.2010 |
|
Amount secured by
the charge |
Rs.80.000 Million |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest Commission: 1% Terms of repayment NIL Margin 10% Extent and operation of the charge NIL Other NIL |
|
Short particulars
of the property charged (Including location of the property) |
Counter Guarantee
by the Company |
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.93 |
|
|
1 |
Rs.76.52 |
|
Euro |
1 |
Rs.66.64 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
26 |
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 |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.