MIRA
INFORM REPORT
|
Report Date : |
07.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
VIKAS INFO-TRADE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
17, Ganesh Chandra Avenue, Kolkata – 700012, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
21.01.2009 |
|
|
|
|
Com. Reg. No.: |
132147 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Available |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72300WB2009PTC132147 |
|
|
|
|
Legal Form : |
Private Limited Liability company |
|
|
|
|
Line of Business
: |
Not Available |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company having moderate track. The
management of the company has not field its financials with the government
department. Since its in. Payments are unknown. The company can be considered for business dealings on a secured trade
terms and constitutions. |
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 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION DENIED BY
Management Non Co-operative (Not Divulged)
LOCATIONS
|
Registered Office : |
17, Ganesh Chandra Avenue, Kolkata – 700012, West Bengal, India |
|
E-Mail : |
Note: Telephone numbers are not available
DIRECTORS
AS ON 21.01.2009
|
Name : |
Mr. Vikas Joshi |
|
Designation : |
Director |
|
Address : |
D-1-205/206, Guru Garden Road, Subhas Nagar Housing Complex, Serampore Hooghly – 712249, West Bengal, India
|
|
Date of Birth/Age : |
21.11.1972 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U72300WB2009PTC132147 |
VIKAS INFO-TRADE PRIVATE
LIMITED |
Director |
21/01/2009 |
21/01/2009 |
- |
Active |
NO |
|
Name : |
Mr. Puthucode Venkitachalam Vaidyanathan |
|
Designation : |
Director |
|
Address : |
20/1a, Pran Nath Pandit Street, Bhawanipur, Kolkata 700025, West
Bengal, India |
|
Date of Birth/Age : |
11.06.1977 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U72300WB2009PTC132147 |
VIKAS INFO-TRADE PRIVATE
LIMITED |
Director |
21/01/2009 |
21/01/2009 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 21.01.2009
|
Names of Shareholders |
|
No. of Shares |
|
Vikas Joshi |
|
5000 |
|
Puthucode Venkitachalam Vaidyanathan |
|
5000 |
|
Total |
|
10000 |
BUSINESS DETAILS
|
Line of Business : |
Not Available |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Allahabad Bank, Red Cross Place Branch, 7, Red Cross
Place, Kolkata - 700001, West Bengal, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT AVAILABLE
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
Corporate identity number of the company |
U72300WB2009PTC132147 |
|
Name of the company |
VIKAS INFO-TRADE PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
17, Ganesh Chandra Avenue, Kolkata –
700012, West Bengal, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Book Debts Immovable Property Movable Property Floating Charge |
|
Particular of charge holder |
ALLAHABAD BANK |
|
Nature of instrument creating charge |
Letter of Mortgagor Confirming Deposit of
Title deeds along with Recital |
|
Date of instrument Creating the charge |
22/12/2010 |
|
Amount secured by the charge |
Rs.40.000 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest Interest and other charges will be paid as
per terms & conditions of Sanction Letter of bank. Presently applicable
ROI for CC - 2.00% above BPLR i.e. 14.00% p.a w.m.r (Floating), subject to
change. Terms of Repayment The working capital (Rs. 40.000 Millions
by way of Cash Credit) shall be repaid on demand. Margin The borrower shall maintain appropriate margin
as stipulated in the sanction terms, however the same is subject to change
from time to time. Presently the applicable margin is CC:- 25% on Stock and Book-debts (Upto 90 days) Extent and Operation of the charge The security created under said hypothecation
shall operate as continuing security and by way of first charge. The charged assets/ property be kept at
the Company risk and expense in good condition and fully insured against loss
or damage by fire, lighting or explosion or theft and also against loss or
damage by riot and civil commotion etc. as may be required by the Bank in the
joint names of the Banks and the Company. Others The Company hereby declares that all the
charged property now existing are absolute property of and at the sole disposal
of the Company and free from any prior charge or encumbrance and undertakes
that all future property shall like wise be the unencumbered and absolute and
disposable property of the Company. Other terms and conditions are as per
terms and conditions of above referred hypothecation agreement, mortgage
papers and Sanction Letter of the banks. |
|
Short particulars of the property charged |
The Company hereby hypothecates and
charges by way of 1st charge over a) all stocks of RM, WIP, FG
etc. such as Computer and Computer Parts etc. and packing materials, consumable stores and
spares etc. whatever and wheresoever
situated and /or in transit b) all book-debts and other receivables c) movable/immovable P&M, motor
lorries, cars etc now being and lying
at borrower premises at 17,
Ganesh Chandra Avenue, Kolkata- 700012 or else where d)Other Current and Fixed assets both present and future e) Further the company created equitable
mortgage by deposit of Title Deeds in respect of - Commercial unit bearing office no. 617
admeasuring 786.61 Sq. Ft. SBA and Office no. 618 admeasuring 787.49 Sq. Ft.
SBA in the 6th Floor of the building known as " Magneto Mall"
Condominium situated at Labhandi, N.H. 6, Ward No. 28, Maharshi Valmiki Ward,
Raipur C.G. Sale Deed bearing serial no. 48678, Vol.
No. 4084 registered in the office of Sub-Registrar- Raipur (Chhattisgarh) |
|
Particulars of the present modification |
By present modification the overall limit
secured by the charge has been remained unchanged i.e. Rs. 40.000 Millions,
however to secure the limit the Co. created EMDTD in respect of Commercial
unit bearing office no. 617 admeasuring 786.61 Sq. Ft. SBA and Office no. 618
admeasuring 787.49 Sq. Ft. SBA in the 6th Floor of the building known as
" Magneto Mall" Condominium situated at Labhandi, N.H. 6,Ward No.
28, Maharshi Valmiki Ward, Raipur C.G. |
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.48.67 |
|
|
1 |
Rs.76.75 |
|
Euro |
1 |
Rs.63.56 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
-- |
|
--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 |
|
13 |
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.