MIRA
INFORM REPORT
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Report Date : |
03.09.2011 |
IDENTIFICATION DETAILS
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Name : |
CONVENTUS TECHNOLOGIES PRIVATE LIMITED
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Registered
Office : |
A – 205, Varad Vinayak Complex, Plot No.4, Sector 5, Navin Panvel [East],
Navi Mumbai, Mumbai – 410206, |
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Country : |
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Date of
Incorporation : |
23.12.2009 |
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Com. Reg. No.: |
11-198073 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U74990MH2009PTC198073 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC17272D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Dealer of Computers, Computer Peripherals and Hardware
Products, they also provide Networking Solutions |
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No. of Employees
: |
35 [In Office] Approximately |
RATING & COMMENTS
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MIRA’s Rating : |
Ca [11] |
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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 : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company and establishing itself gradually.
Trade relations are reported as fair. 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 PARTED BY
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Name : |
Mr. Ganesh Mestry |
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Designation : |
Director |
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Contact No.: |
91-9619889124 |
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Date : |
30.08.2011 |
LOCATIONS
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Registered Office : |
A – 205, Varad Vinayak Complex, Plot No.4, Sector 5, Navin Panvel
[East], Navi Mumbai, Mumbai – 410206, |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9619889124 [Mr. Ganesh Mestry] |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Corporate Office : |
A – 304, 305, 306, Sagar Tech Plaza, Andheri Kurla Road, Sakinaka
Junction, Andheri East, Mumbai – 400072, Maharashtra, India |
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Tel. No.: |
91-22-28503232 / 3434 |
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Fax No.: |
91-22-28503636 |
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Area : |
3500 Sqft. |
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Location : |
Rented |
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Branch Office : |
F – 14, 1st Floor, Sona Arcade, St. Mary’s Road, Opposite –
Passport Office, |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Ganesh Mestry |
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Designation : |
Director |
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Address : |
48/1625, Parnakutir, Subhash Nagar, Chembur – East, Mumbai
– 400071India |
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Date of Birth/Age : |
20.06.1973 |
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Qualification : |
Graduate |
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DIN : |
02830990 |
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Name : |
Mr. Rajesh Shetty |
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Designation : |
Director |
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Address : |
703, Windsea Bldg., Shanti Ashraml, Behind Bus Depot,
Borivali – (West), Mumbai – 400103, |
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Date of Birth/Age : |
16.09.1971 |
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Qualification : |
BE |
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DIN : |
02830947 |
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Name : |
Mr. Sunil Tolamatti |
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Designation : |
Director |
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Address : |
Classic |
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Date of Birth/Age : |
08.12.1969 |
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Qualification : |
BE |
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DIN : |
02830899 |
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Date of Appointment : |
01.01.2010 |
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Name : |
Mr. Haresh K. Parekh |
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Designation : |
Director |
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Address : |
504, Pathak Residency, Anand Nagar, Near N.L.Complex, Dahisar (East),
Mumbai – 400068, |
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Date of Birth/Age : |
10.07.1975 |
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Qualification : |
MBA |
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DIN : |
02846945 |
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Date of Appointment : |
01.01.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Ganesh Mestry |
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500 |
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Rajesh Shetty |
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500 |
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Total |
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1000 |
BUSINESS DETAILS
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Line of Business : |
Trader and Dealer of Computers, Computer Peripherals and Hardware
Products, they also provide Networking Solutions |
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Agencies Held : |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
35 [In Office] Approximately |
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Bankers : |
Union Bank Of India, Sakinaka Branch,Gala No15,Mittal Industrial
Estate, Sanjay Building No.2, Andheri Kurla Rd,Andheri (E), Mumbai - 400059,
Maharashtra, India |
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Facilities : |
Rs. 4.000 millions |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Shah and Associates Chartered Accountant |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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20,000 |
Equity Shares |
Rs.100/-each |
Rs.2.000
millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1,000 |
Equity Shares |
Rs.100/-each |
Rs.0.100 million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
Company Started
its Business from June 2010
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Particulars |
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31.03.2011 |
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Sales Turnover [Approximately] |
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37.900 |
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Expected Sales ( 2011-2012 ) : Rs.150.000 millions
The above information has been parted by Mr. Ganesh Mestry [Director].
LOCAL AGENCY FURTHER INFORMATION
Trade References :
- Siscom
- Juniper
- Oracle
- HP
- Fortinet
Bankers Charges
Report as per Registry
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Corporate
identity number of the company |
U74990MH2009PTC198073 |
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Name of the
company |
CONVENTUS
TECHNOLOGIES PRIVATE LIMITED |
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Address of the registered
office or of the principal place of
business in |
A-205, Varad
Vinayak Complex, Plot No.4, Sector-5, Navin Panvel (East), Navi Mumbai, Mumbai – 410206, Maharashtra,
India |
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This form is for |
Creation of
charge |
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Type of charge |
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Particular of
charge holder |
Union Bank Of India, Sakinaka Branch,Gala No15,Mittal
Industrial Estate, Sanjay Building No.2, Andheri Kurla Rd,Andheri (E), Mumbai
- 400059, Maharashtra, India |
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Nature of instrument
creating charge |
Hypothecation
Agreement of Goods and Debts |
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Date of
instrument Creating the charge |
09.08.2010 |
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Amount secured by
the charge |
Rs.4.000 millions |
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Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest
- 12.75% per annum with monthly rests or at such other revised rate/s as may
be prescribed by the Bank from time to time depending upon the changes in the
PLR of the Bank or the directives of RBI. Terms of
Repayment - On Demand. Margin – Stock :25% Book-Debts : 40% Extent and
Operation of the charge - To secure Cash Credit
(Hypothecation)Stock/Book-Debts facility of Rs.4.000 millions granted by the Bank
to the Company. |
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Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
The Borrower
hereby Hypothecated by way of First Charge in favour of the Bank:1. Stock
which expression shall include all Raw Materials, Semi Finished and Finished
Goods, Consumable Stores and Spares,and Movable Property of any kind now or
at any time hereafter belonging to or at the disposal of the Borrower and
which are now stored or being stored or which hereafter may from time to time
be brought into or stored or be in ot about the Borrower's premises or
godown/s at Mumbai / Navi Muambai and at other places hired by the Borrower
for the purposes of storage in the Union of India and all other places of
storage whatsoever at or at any other place in the Union of India or wherever
else they may be including any of the said goods with any of the Borrower's
agents or at any of the Borrower's agencies or in course of transit by the ship, rail or otherwise, and 2. The
Borrower's Book-Debts, Outstanding, Monies, Deposits, Receivables, Claims and
Bills, Contracts, Securities, Investments which are now due and owing or
which may at any time hereafter during the continuance of this security
becoming due and owing to the Borrower in the course of its business by any
person or party including any Government or any local or public body or
authority (all of which are hereinafter collectively referred to as "the
said debts"). |
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.45.89 |
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|
1 |
Rs.74.31 |
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Euro |
1 |
Rs.65.40 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
1 |
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--LEVERAGE |
1~10 |
1 |
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--RESERVES |
1~10 |
1 |
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--CREDIT LINES |
1~10 |
- |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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11 |
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
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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 |
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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 |
|
- |
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.