|
Report Date : |
23.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
SRI VIJAYA PLYWOOD PRIVATE LIMITED |
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Registered
Office : |
No.70, Madurai Road, Near Palace Theatre, Trichy-620008, Tamilnadu |
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Country : |
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Date of
Incorporation : |
08.05.2009 |
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Com. Reg. No.: |
18-071580 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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|
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CIN No.: [Company Identification
No.] |
U74999TN2009PTC071580 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHES35740F |
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PAN No.: [Permanent Account No.] |
AANCS1611L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Trader and Dealer of all types of plywood and glass and
adhesives |
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No. of Employees
: |
50 (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 |
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Maximum Credit Limit : |
USD 400 |
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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 was established as a partnership concern in the name of “Sri
Vijaya Plywood” in the year 1979 and late it got converted in to Private
Limited in 2009. It is an established having moderate track. The management of the
company has not filled its financial with the government department since
it’s incorporation. However, trade relations are reported as fair. Business
is active. Payments are unknown. The company can be considered for business dealings with 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. R Jayakumar |
|
Designation : |
Director |
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Contact No.: |
91-9843054505 |
|
Date : |
14.04.2012 |
LOCATIONS
|
Registered Office : |
No.70, Madurai Road, Near Palace Theatre, Trichy-620008, Tamilnadu,
India |
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Tel. No.: |
91-431-2707505 / 2707805 / 2707905 |
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Mobile No.: |
91-9843054505 (Mr. R Jayakumar) |
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Fax No.: |
91-431-2707905 |
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E-Mail : |
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|
Website : |
DIRECTORS
|
Name : |
Mr. Chandrasekar Rajagani |
|
Designation : |
Director |
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Address : |
DD-16, VI Cross, Anna Nagar, Tennur, Trichy-620017, Tamilnadu, India |
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Date of Birth/Age : |
08.02.1961 |
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Date of Appointment : |
19.03.2009 |
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DIN No.: |
01632637 |
Other Directorship:
|
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 |
U74999TN2009PTC071045 |
SRI
VIJAYAA LAMINATES PRIVATE LIMITED |
Director |
19-03-09 |
19-03-09 |
Active |
NO |
|
2 |
U74999TN2009PTC071580 |
SRI
VIJAYA PLYWOOD PRIVATE LIMITED |
Director |
08-05-09 |
08-05-09 |
Active |
NO |
|
3 |
U51109WB2005PTC104258 |
SHITAL
DEALERS PRIVATE LIMITED |
Director |
01-04-10 |
01-04-10 |
Active |
NO |
|
Name : |
Mr. Jayakumar Rajakani Nadar |
|
Designation : |
Director |
|
Address : |
DD-16, VI Cross, Anna Nagar, Tennur, Trichy-620017, Tamilnadu, India |
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Date of Birth/Age : |
10.10.1967 |
|
Date of Appointment : |
19.03.2009 |
|
DIN No.: |
01632667 |
Other Directorship:
|
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 |
U74999TN2009PTC071045 |
SRI
VIJAYAA LAMINATES PRIVATE LIMITED |
Director |
19-03-09 |
19-03-09 |
Active |
NO |
|
2 |
U74999TN2009PTC071580 |
SRI
VIJAYA PLYWOOD PRIVATE LIMITED |
Director |
08-05-09 |
08-05-09 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 20.04.2009
|
Names of Shareholders |
No. of Shares |
|
Chandrasekar Rajagani |
5000 |
|
Jayakumar Rajakani Nadar |
5000 |
|
Total |
10000 |
AS ON 20.04.2009
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Dealer of all types of plywood and glass and
adhesives |
|
|
|
|
Products : |
·
3 M and Sunsui Tapes ·
ACP Sheets ·
Adhesives ·
Glasses ·
Gypsum Boards ·
Laminated Sheets ·
Plywoods ·
Gypsum Cornices ·
Polycarobantes ·
Shera Planks ·
WPC Materials |
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|
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Exports : |
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Products : |
Plywood |
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Countries : |
Colombo |
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Terms : |
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Selling : |
L/C, Cash, Credit (30 Days / 60 Days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
50 (Approximately) |
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|
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Bankers : |
·
Tamilnad Mercantile Bank Limited, 209, Palakarai
Main Road, Mailam Chandai, Tiruchirapalli-620008, Tamilnadu, India |
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|
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
400.000 |
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LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
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3. Constructions of the firm |
Yes |
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4. Premises details |
No |
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5. Type of Business |
Yes |
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6. Line of Business |
Yes |
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7. Promoter’s background |
Yes |
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1. No. of Employees |
Yes |
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2. Name of person contacted |
Yes |
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3. Designation of contact person |
Yes |
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4. Turnover of firm for one years |
Yes |
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5. Profitability for last three years |
No |
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6. Reasons for variation <> 20% |
------ |
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7. Estimation for coming financial year |
No |
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8. Capital in the business |
Yes |
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9. Details of sister concerns |
No |
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10. Major suppliers |
No |
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11. Major customers |
No |
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12. Payments terms |
Yes |
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13. Export / Import details |
Yes |
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14. Market information |
------ |
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15. Litigations that the firm / promoter involved |
------ |
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16. Banking Details |
Yes |
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17. Banking facility details |
No |
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18. Conduct of the banking account |
------ |
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19. Buyer visit details |
------ |
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20. Financials, if provided |
No |
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21. Incorporation details, if applicable |
Yes |
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22. Last accounts filed at ROC |
Yes |
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23. Major Shareholders, if available |
Yes |
PROFILE
This started as a partnership company 30 years ago and was registered as
a private limited company on 08.05.2009. this is a shop totally dedicated to
plywood to complete the needs in Interior and Exterior decoration. They are one
of the leading and largest suppliers of Plywood’s, Glass etc in Trichy city for
the past 30 successful years. All architects, interior decorators, furniture
manufacturers, construction people, carpenters, building contractors have to
visit Sri Vijaya Plywood for their needs. Apart from supplying locally they
also export to Colombo and look forward to do more of exports. They have
different types of customers. Government departments, small direct customers,
other wood dealers and so on. Every customer is attended to with much care to
retain them. Thus has grown a very large clientele in Trichy. The customer base
of Sri Vijaya is really big now and assures them of repeat orders year after
year. They are one of the biggest dealers for the following brands:-
·
Uniplay
·
Huntsman
·
Swastika Plyboard
·
Canfor
·
ABRO
·
Sundex
·
Greenply
·
Saintgobain
·
Green Lam
·
Alstrong
·
Fineply
·
Formica
·
Sharonglod
·
AIS
·
3M
·
Century Ply
·
Indotik
·
Modiguard
·
Durian
·
Pidilite
And many more companies
The name them in plywood and will find the brand with them. The mere
fact that they are dealers for more than 20 companies makes them the biggest
dealer in Trichy. They do a turnover of over 400.000 millions a year. They have
smaller dealers helping them in their sales apart from direct supplies. Mr.
Jeyakumar and Mr. Chandrasekar the two sitting directors of the company take
part in almost all functions of the company whether it is sales or
administration.
A big private limited company that is almost a monopoly in Trichy. There
is no balance sheet filed at the ROC so there is no way to assess their
financial strength. But they spoke to Mr. R Jeyakumar their director who claims
that their turnover is 400.000 Millions per year.
FORM 8
|
Corporate
identity number of the company |
U74999TN2009PTC071580 |
|
Name of the
company |
SRI VIJAYA
PLYWOOD PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
No.70, Madurai Road, Near Palace Theatre, Trichy-620008, Tamilnadu, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable property
(not being pledge) |
|
Particular of
charge holder |
Tamilnad Mercantile Bank Limited, 209, Palakarai Main Road, Mailam Chandai, Tiruchirapalli-620008, Tamilnadu, India |
|
Nature of
instrument creating charge |
Agreement for demand
cash credit on the hypothecation of movable properties |
|
Date of
instrument Creating the charge |
31.03.2010 |
|
Amount secured by
the charge |
Rs. 10.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 14% or as per
credit rating or B.R.R Terms of repayment payable on demand Margin 25% on stocks Extent and operation of the charge Primarily secured
on hypothecation of stock in trade of all kinds of plywood’s, laminate sheets,
aluminium sheets etc. |
|
Short particulars
of the property charged (Including location of the property) |
All tangible
movable property such as products, stock in trade and goods of the borrower
at No 70, Madurai Road, (Near Palace Theatre), Trichy- 620008 |
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. 51.99 |
|
|
1 |
Rs. 83.53 |
|
Euro |
1 |
Rs. 68.39 |
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.