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Report Date : |
09.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
SIDWIN FABRIC PRIVATE LIMITED |
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Registered
Office : |
FF-10-11,
Raj Priya Complex, Near Sahkari Jin, NH-8, Himatnagar – 383 001, |
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Country : |
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Date of
Incorporation : |
26.07.2011 |
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Com. Reg. No.: |
04-066503 |
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Capital
Investment / Paid-up Capital : |
Rs.3.289
millions |
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CIN No.: [Company Identification
No.] |
U17120GJ2011PTC066503 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Non Woven Fabrics. |
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No. of Employees
: |
45 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and establishing itself gradually. Even
though it was incorporated in the year 2011, it has started its commercial
activities from May 2012. Business is active. Payments are reported to be unknown. The company can be considered for 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr.
Sureshbhai Ramanbhai Patel |
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Designation : |
Director |
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Contact No.: |
91-9824604730 |
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Date : |
06.08.2012 |
LOCATIONS
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Registered Office : |
FF-10-11,
Raj Priya Complex, Near Sahkari Jin, NH-8, Himatnagar – 383 001, |
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Tel. No.: |
91-2772-250131 |
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Mobile No.: |
91-9824604730 (Mr. Suresh Patel) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory : |
Sr. No.898, At: Dhundhar, Near Gambhoi, Taluka:
Himatnagar, District: Sabarkantha – 383 030, |
DIRECTORS
|
Name : |
Mr.
Sureshbhai Ramanbhai Patel |
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Designation : |
Director |
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Address : |
6, Jivandhara Society, Street No.1, Mahavirnagar, Himatnagar – 383
001, |
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Date of Birth/Age : |
05.03.1969 |
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Date of Appointment : |
26.07.2011 |
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DIN No.: |
00106947 |
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Other Directorship :
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Name : |
Mr. Prafulkumar
Devchandbhai Patel |
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Designation : |
Director |
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Address : |
2, Yogi Parivar Bunglows, |
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Date of Birth/Age : |
15.10.1965 |
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Date of Appointment : |
26.07.2011 |
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DIN No.: |
00256551 |
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Voter ID No.: |
LQG5301742 |
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Other Directorship :
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Name : |
Mr. Jashubhai
Amichandbhai Patel |
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Designation : |
Director |
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Address : |
5, Yogi Parivar, |
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Date of Birth/Age : |
13.12.1977 |
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Date of Appointment : |
26.07.2011 |
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DIN No.: |
00256318 |
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Other Directorship :
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Name : |
Mr. Pravinbhai
Amichandbhai Patel |
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Designation : |
Director |
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Address : |
6, Yogi Parivar, |
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Date of Birth/Age : |
16.12.1980 |
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Date of Appointment : |
26.07.2011 |
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DIN No.: |
00256357 |
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Voter ID No.: |
LQG5301916 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 18.07.2011
|
Names of Shareholders |
|
No. of Shares |
|
Prafulkumar Devchandbhai Patel |
|
2500 |
|
Sureshbhai Ramanbhai Patel |
|
2500 |
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Jashubhai Amichandbhai Patel |
|
2500 |
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Pravinbhai Amichandbhai Patel |
|
2500 |
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Total |
|
10000 |
As on 31.03.2012
|
Names of Allottees |
|
No. of Shares |
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Prafulbhai D. Patel |
|
20000 |
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Jasubhai A. Patel |
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5500 |
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Pravinbhai A. Patel |
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10000 |
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Ashokbhai R. Patel |
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4000 |
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Surani Prafulkumar L. |
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5000 |
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Kantaben P. Patel |
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7000 |
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Devchandbhai G. Patel |
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2000 |
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Chirag P. Patel |
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13500 |
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Satishbhai H. Patel |
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4000 |
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Aartiben Pravinbhai Patel |
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10000 |
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Dakshaben S. Patel |
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4000 |
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Dhuliben Ramanbhai Patel |
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2780 |
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Dinaben J. Patel |
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8000 |
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Mukeshbhai Khemabhai Patel |
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4000 |
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Alpeshkumar Ramjibhai Patel |
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5000 |
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Ashokbhai Motibhai Patel |
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3000 |
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Jasodaben A. Patel |
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4000 |
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Manojkumar Bhikhabhai Patel |
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5000 |
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Rajesh Shah |
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16000 |
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Total |
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132780 |
As on 31.12.2011
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Names of Allottees |
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No. of Shares |
|
Sureshbhai
Ramanbhai Patel |
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20320 |
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Prafulbhai D. Patel |
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27000 |
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Jasubhai A. Patel |
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27500 |
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Pravinbhai A. Patel |
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46500 |
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Ashokbhai Motibhai Patel |
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19800 |
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Surani Prafulkumar L. |
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10000 |
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Kantaben P. Patel |
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6000 |
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Devchandbhai G. Patel |
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6500 |
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Chirag P. Patel |
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12500 |
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Satishbhai H. Patel |
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10000 |
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Total
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186120 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Non Woven Fabrics. |
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Products : |
v
Spunbond Non woven Fabric v
Laminated Non woven Fabric v
Fabric For Short / Underwear v
Fabric For Face Mask v
Fabric For Isolation Gown v
Fabric For Suit / Jacket v
Fabric For Non-woven Cap v
Fabric For Shoe Cover v
Fabric For Agriculture v
Fabric For Surgical Gown v
Fabric For Household v
Fabric For Coverall v
Geo Textile Fabric
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C |
GENERAL INFORMATION
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Customers : |
Wholesalers, End Users, Manufacturer and Exporter |
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No. of Employees : |
45 (Approximately) |
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Bankers : |
Bank of |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Deepak Soni Chartered Accountant |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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1250000 |
Equity Shares |
Rs.10/- each
|
Rs.12.500 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
Equity Shares |
Rs.10/- each |
Rs.3.289 millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW COMPANY
Expected Sales (2012-2013): Rs.120.000 Millions
The above information has been parted by Mr. Sureshbhai Ramanbhai Patel (Director).
LOCAL AGENCY FURTHER INFORMATION
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Check
List by Info Agents |
Available
in Report (Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions 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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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last three years |
No |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
Yes |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
No |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
Yes |
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20) Export / Import details (if applicable) |
No |
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21) Market information |
-- |
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22) Litigations that the firm / promoter
involved in |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
No |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
No |
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28) Incorporation details, if applicable |
Yes |
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29) Last accounts filed at ROC |
No |
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30) Major Shareholders, if available |
Yes |
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31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
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32)
PAN of Proprietor/Partner/Director, if available |
No |
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33)
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
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34)
External Agency Rating, if available |
No |
Note:
The registered office of the company has been shifted from D/8, Durga Bajar, Near Railway Crossing, Himatnagar – 383 001,
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.55.15 |
|
|
1 |
Rs.86.00 |
|
Euro |
1 |
Rs.68.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
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|
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|
Report Prepared
by : |
SMN |
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.