|
Report Date : |
14.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
RONAK AGROTECH
ENGINEERING PRIVATE LIMITED |
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|
|
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Registered
Office : |
Plot No.39, Atlas
Industrial Area, |
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Country : |
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Date of
Incorporation : |
28.05.2012 |
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Com. Reg. No.: |
04-070497 |
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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.] |
U29210GJ2012PTC070497 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Bio Mass Products. |
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|
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No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 is a successor of partnership concern started in the year 2005
with the name of Ronak Industries and again in the year 2011 it changed its name
to Ronak Agrotech Engineering and later in the year May 2012 it got converted
into private limited. It is having moderate track. The company has completed its first seven
month of business operation. Trade relations are reported to be 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
NSIC CRISIL |
|
Rating |
SE3B |
|
Rating Explanation |
Financial strength and performance capability seem to be moderate. |
|
Date |
July, 2012 |
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 : |
Ms. Swati |
|
Designation : |
Senior in Development Business |
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Contact No.: |
91-281-2782323 |
|
Date : |
11.12.2012 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No.39,
Atlas Industrial Area, |
|
Tel. No.: |
91-281-2782323 |
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Mobile No.: |
91-9925278888 (Mr. Kamlesh) |
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Fax No.: |
91-281-2474824 |
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E-Mail : |
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Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Mukeshbhai Gordhanbhai Togadiya |
|
Designation : |
Director |
|
Address : |
"Ronak", Street No.1, Raghunath Park, Near Iscon Mega Mall,
Nana Mava Main Road, Rajkot – 360 005, Gujarat, India |
|
Date of Birth/Age : |
19.11.1979 |
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Date of Appointment : |
28.05.2012 |
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DIN No.: |
03609493 |
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|
|
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Name : |
Mr. Ravirajsinh Hematsinh Rathod |
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Designation : |
Director |
|
Address : |
"Shree Ram Krupa", Plot No.306, Chandra Park, Street No.19, |
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Date of Birth/Age : |
24.02.1981 |
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Date of Appointment : |
28.05.2012 |
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DIN No.: |
03609504 |
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Name : |
Mr. Kamlesh |
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Designation : |
Executive Director |
KEY EXECUTIVES
|
Name : |
Ms. Swati |
|
Designation : |
Senior in Development Business |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 23.05.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ravirajsinh Hemantsinh Rathod |
|
1000 |
|
Mukeshbhai Gordhanbhai Togadiya |
|
1000 |
|
Vikramsinh Hemantsinh Rathod |
|
800 |
|
Shaktisinh Hemantsinh Rathod |
|
800 |
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Arvindhbhai Gordhanbhai Togadiya |
|
800 |
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Prakashbhai Gordhanbhai Togadiya |
|
800 |
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Minalba Vikramsinh Rathod |
|
800 |
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Khushbuba Shaktisinh Rathod |
|
800 |
|
Manishaben Arvindhbhai Togadiya |
|
800 |
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Pinalben Arvindbhai Togadiya |
|
800 |
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Alpaben Mukeshbhai Togadiya |
|
800 |
|
Manishaben Prakashbhai Togadiya |
|
800 |
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Total |
|
10000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Bio Mass Products. |
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|
|
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Products : |
v
Bio Mass Briquetting Press Systems v
Biomass Briquetting Machine v
Crusher Cum Shredder v
Briquette Loader v
Dryer and Allied Spares |
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Terms : |
|
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Selling : |
Cash and Credit |
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|
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
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No. of Employees : |
15 (Approximately) |
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Bankers : |
HDFC Bank
Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai –
400 013, Maharashtra, India |
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Banking Relations
: |
-- |
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|
|
Auditors : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 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]
NOT AVAILABLE
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 |
|
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 |
No |
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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 |
No |
|
34)
External Agency Rating, if available |
Yes |
Note:
The registered office of the company has been shifted from Plot No.39, Atlas Industrial Area, Opposite Hotel Krishna Park, NH 8B,
Village Kothariya Rajkot – 360 004, Gujarat to the present address
w.e.f. 01.06.2012.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U29210GJ2012PTC070497 |
|
Name of the
company |
RONAK AGROTECH
ENGINEERING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No.39,
Atlas Industrial Area, E-Mail: rpc.efiling@gmail.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property
(not being pledge) Floating Charge |
|
Particular of
charge holder |
CIN No.:
L65920MH1994PLC080618 HDFC Bank
Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai –
400 013, Maharashtra, India E-Mail: RBBform8@hdfcbank.com |
|
Nature of
description of the instrument creating or modifying the charge |
Letter of
Hypothecation. |
|
Date of
instrument Creating the charge |
23.10.2012 |
|
Amount secured by
the charge |
Rs.10.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest at the
rate as may be communicated by the Bank from time to time. Terms of
Repayment: On demand. Margin: As may be stipulated
by the Bank from time to time. Extent and
Operation of the charge: Hypothecation by
way of First Charge on Stocks and Book Debts, to secure as a continuing
security as mentioned for the repayment of Rs.10.000 millions together with
interest, costs, charges, expenses and other moneys due and payable by the
Company to the Bank. Others: NIL. |
|
Short particulars
of the property charged |
Stock-in-trade,
consisting of raw materials, goods in process of manufacturing finished
goods, and other merchandise whatsoever being movable properties All the Debts,
that is, all the book debts, outstandings, monies receivables, claims, bills, invoice documents, contracts,
guarantees and rights |
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.54.23 |
|
|
1 |
Rs.87.53 |
|
Euro |
1 |
Rs.70.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
3 |
|
--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 |
|
29 |
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.