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Report Date : |
22.02.2012 |
IDENTIFICATION DETAILS
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Name : |
RANE INDUSTRIES PRIVATE LIMITED |
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Registered
Office : |
Gate No. 52, Dehu Alandi Road, Talawade, Pune – 412114, Maharashtra |
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Country : |
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Date of
Incorporation : |
19.12.2007 |
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Com. Reg. No.: |
11-131154 |
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Capital
Investment / Paid-up Capital : |
Not Available |
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CIN No.: [Company Identification
No.] |
U74900PN2007PTC131154 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNER11035D |
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PAN No.: [Permanent Account No.] |
AADCR9011N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Suppliers of Pressed, Weld, Machining Products and their
assemblies for Automobiles, Agriculture and Land Mover Sector. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca (11) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The
management of the company has not filed its financials with the government department
since its inception. Also the management denied to disclose any information
about the company. Payments are unknown. The company can be considered for business dealings on a 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 DECLINED BY
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Name : |
Mr. Pankaj |
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Designation : |
Accounts Manager |
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Contact No.: |
91-9922992572 |
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Date : |
21.02.2012 |
LOCATIONS
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Registered Office : |
Gate No. 52, Dehu Alandi Road, Talawade, Pune – 412114, Maharashtra,
India |
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Tel. No.: |
91-20-27692360 / 27690886 |
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Mobile No.: |
91-9922992572 (Mr. Pankaj) |
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Fax No.: |
91-20-27692464 |
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E-Mail : |
DIRECTORS
As on 08.12.2007
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Name : |
Mr. Bhiva Shankar Rane |
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Designation : |
Director |
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Address : |
Jaywant, Sector No.28, Plot No.12, Ganga Nagar, Pradhikaran, Nigdi,
Pune – 411044, Maharashtra, India |
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Name : |
Mrs. Sushma Bhiva Rane |
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Designation : |
Director |
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Address : |
Jaywant, Sector No.28, Plot No.12, Ganga Nagar, Pradhikaran, Nigdi,
Pune – 411044, Maharashtra, India |
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Name : |
Mr. Yatish Bhiva Rane |
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Designation : |
Director |
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Address : |
Jaywant, Sector No.28, Plot No.12, Ganga Nagar, Pradhikaran, Nigdi,
Pune – 411044, Maharashtra, India |
KEY EXECUTIVES
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Name : |
Mr. Pankaj |
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Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 08.12.2012
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Names of Shareholders |
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No. of Shares |
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Bhiva Shankar Rane |
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5000 |
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Sushma Bhiva Rane |
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2500 |
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Yatish Bhiva Rane |
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2500 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Suppliers of Pressed, Weld, Machining Products and
their assemblies for Automobiles, Agriculture and Land Mover Sector. |
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Products : |
·
Chair ·
Land Mover Components ·
Passenger Vehicles ·
Agriculture Assemblies |
GENERAL INFORMATION
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No. of Employees : |
Information declined by the management. |
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Bankers : |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai – 400013, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital : Rs.10.000 Millions
Issued, Subscribed & Paid-up Capital : Not Available
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT AVAILABLE
LOCAL AGENCY FURTHER INFORMATION
Bankers Charges Report as per Registry
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Corporate identity number of the company |
U74900PN2007PTC131154 |
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Name of the company |
RANE INDUSTRIES PRIVATE LIMITED |
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Address of the registered office or of the principal place of business in India of the company |
Gate No. 52, Dehu Alandi Road, Talawade, Pune – 412114, Maharashtra,
India E-mail : iut@eth.net |
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This form is for |
Creation of charge |
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Type of charge |
Book debts Movable property (not being pledge) Floating charge |
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Particular of charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai – 400013, Maharashtra, India |
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Nature of instrument creating charge |
Letter of Hypothecation. |
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Date of instrument Creating the charge |
03.12.2009 |
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Amount secured by the charge |
Rs.60.000 Millions |
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Brief 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 Company shall at all times during the continuance of this security
maintain the said debts of a sufficient amount to provide the margin of security
as may from time to time advised by the Bank. Extent and Operation of the charge Hypothecation by way of First Charge on Company's Stocks, Book Debts
etc., to secure as a continuing security the repayment of Rs.60.000 Millions,
together with interest, costs, charges, expenses and other moneys due and
payable by the Company to the Bank. Others NIL |
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Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
All the stock in trade both present and future consisting of raw
materials, finished goods. All the book-debts, outstanding monies receivables, claims and bills. |
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.49.08 |
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1 |
Rs.77.80 |
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Euro |
1 |
Rs.65.17 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
1 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
- |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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11 |
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
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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.