MIRA
INFORM REPORT
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Report Date : |
16.09.2011 |
IDENTIFICATION DETAILS
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Name : |
TELEBYTE TECHNOLOGIES PRIVATE LIMITED |
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Registered
Office : |
331, Big Splash, Sector 17, Vashi, Navi Mumbai-400705, |
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Country : |
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Date of
Incorporation : |
19.06.1997 |
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Com. Reg. No.: |
108890 |
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Capital
Investment / Paid-up Capital : |
Nil |
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CIN No.: [Company Identification
No.] |
U99999MH1997PTC108890 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT06650A |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
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Trader of Computer and Computer Peripherals. |
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No. of Employees
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Approximately 9 |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Under process of striking off |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
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Comments : |
As per the government, the status of the company shown as under
process of striking off business. But as claim by Mr. Taurn Tripathi, Auditor
that the status of the company is very much active. He further stated that
the management will submit the financial of the company with the government
departments by 21st September, 2011. Payment terms are unknown. Keeping in view the aforesaid, it would be advisable to enter into
business dealings on a safe and 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. Tarun Tripathi |
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Designation : |
Auditor |
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Contact No.: |
91-9821710404 |
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Date : |
14.09.2011 |
LOCATIONS
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Registered Office : |
331, Big Splash, Sector 17, Vashi, Navi Mumbai-400705, |
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Tel. No.: |
91-22-46619154/ 27895660/ 67912009 |
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Mobile No.: |
91-9821710404 (Mr. Tarun Tripathi) |
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Fax No.: |
91-22-27895482 |
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Email: |
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Corporate Office : |
413 Persipolis Sector 17, Vashi, Navi Mumbai-400703, |
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Tel. No.: |
91-22-27895660 |
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Fax No.: |
91-22-27895482 |
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Area : |
Approximately 1234 sq.ft. (Owned) |
DIRECTORS
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Name : |
Mr. Mahendrakumar S. Vasani |
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Designation : |
Director |
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Address : |
˝, Bhaveshwer Nagar, |
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Name : |
Mr. Prashant M. Vasani |
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Designation : |
Director |
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Address : |
˝, Bhaveshwer Nagar, |
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Name : |
Mrs. Meena P Vasani |
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Designation : |
Director |
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Address : |
˝, Bhaveshwer Nagar, |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mahendrakumar S Vasani |
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10 |
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Prashant M Vasani |
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10 |
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Meena P Vasani |
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10 |
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Total |
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30 |
BUSINESS DETAILS
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Line of Business : |
Trader of Computer and Computer Peripherals. |
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Imports : |
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Products : |
Computer Peripherals |
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Countries : |
·
·
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
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Customers : |
Wholesalers, Retailers and Corporates |
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No. of Employees : |
Approximately 9 |
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Bankers : |
·
Kotak Mahindra Bank, Vashi ·
The
Tamilnad Mercantile Bank Limited, No.-4, |
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Facilities : |
Overdraft Rs. 3.600 Millions (From Kotak Mahindra Bank) |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Tarun Tripathi and Associates Chartered Accountant |
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Associates/Subsidiaries : |
Carry Paq Asia Pacific Private Limited Address: 331, Big Splash, Sector 17, Vashi, Navi Mumbai-400705, Activity: Telecom Products Trader |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Share |
Rs. 10/- Each |
Rs. 0.500 Million |
Paid-up Capital: Nil
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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5000.000 |
4540.000 |
The above information has been parted by Mr. Tarun Tripathi (Auditor)
LOCAL AGENCY FURTHER INFORMATION
Trade References:
·
HP
·
The Times of
Bankers Charges
Report as per Registry
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Name of the company |
TELEBYTE TECHNOLOGIES PRIVATE LIMITED |
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Presented By |
Tamilnad Mercantile Bank Limited, Vashi
Branch, Navi Mumbai |
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1) Date and description of instrument creating the change |
1) Agreement
dated 13th December, 2004. 2) Memorandum of
Deposit of Title Deeds dated 13th December, 2004. (Both the agreement
constitute a single charge) |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 0.700 Million
only |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Equitable
Mortgage of Office No. -413, IV Floor, Admeasuring about 494 sq. ft. built-up
area (617 sq.ft. super built up area) and one car parking No.-38, admeasuring
about 40 sq.ft. in the perisipollis premises Co-Operative Housing Society
Limited, Plot No. -74, Sector-17, Vashi, Navi Mumbai |
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4) Gist of the terms and conditions and extent and operation of the charge. |
1) Interest @
14.50% p.a. 2) Penal Interest
@ 2% p.a. |
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5) Name and Address and description of the person entitled to the charge. |
The Tamilnad
Mercantile Bank Limited, No.-4, |
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6) Date and brief description of instrument modifying the charge |
Not Applicable |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Not Applicable |
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.84 |
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1 |
Rs.75.40 |
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Euro |
1 |
Rs.65.68 |
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.