MIRA INFORM REPORT

 

 

Report Date :

12.01.2012

 

IDENTIFICATION DETAILS

 

Name :

OM SHREE INTERNATIONAL PRIVATE LIMITED

 

 

Registered Office :

115, 206 New India Industrial Estate, Plot No.33, Off Mahakali Caves Road, Mumbai – 400093, Maharashtra

 

 

Country :

India

 

 

Date of Incorporation :

03.06.2011

 

 

Com. Reg. No.:

218283

 

 

Capital Investment / Paid-up Capital :

Rs.8.000 Millions 

 

 

CIN No.:

[Company Identification No.]

U51109MH2011PTC218283

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMO05616C

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Exporter of Agricultural and  Allied Products

 

 

No. of Employees :

20 (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

 

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is a successor of Om Shree International a partnership concern in the year 1997.

 

It is an established company having moderate track. Mr. Amit, Finance Executive provided to us general information and denied to disclose financial details. Trade relations are reported as 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.

 

 

INFORMATION PARTED BY (General Details)

 

Name :

Mr. Amit

Designation :

Finance Executive

Contact No.:

91-22-26874865

Date :

10.01.2012

 

 

LOCATIONS

 

Registered Office :

115, 206 New India Industrial Estate, Plot No.33, Off Mahakali Caves Road, Mumbai – 400093, Maharashtra, India

Tel. No.:

91-22-66991147/ 26874865/ 26874851/ 66925933

Fax No.:

91-22-26874855

E-Mail :

omshree@omshreegrouo.com

kiratturakhia@yahoo.com

exports@omshreegroup.com

onshreeint@eth.net

Website :

http://www.onshreegroup.com

Location :

Owned

 

 

DIRECTORS

 

Name :

Mr. Misaal Kirat Turakhia

Designation :

Director

Address :

SA/ 601, Joy Residency, 12th Road, Khar (West), Mumbai – 400052, Maharashtra, India

Date of Birth/Age :

12.11.1990

Date of Appointment :

11.07.2011

DIN No.:

03554793

 

 

Name :

Mr. Karat Ramanlal Turakhia

Designation :

Director

Address :

601, 6th Floor, Joy Residency, 12th Road, Plot No.281, Khar (West), Mumbai – 400052, Maharashtra, India

Date of Birth/Age :

26.06.1956

DIN No.:

01640492

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

U47010MH2005PTC156535

APT REALTY PRIVATE LIMITED

Director

1/8/2007

1/8/2007

Active

NO

2

U51109MH2011PTC218283

OM SHREE INTERNATIONAL PRIVATE LIMITED

Whole-time director

3/6/2011

3/6/2011

Active

NO

 

 

Name :

Mrs. Priti Kirat Turakhia

Designation :

Director

Address :

401, Jyoti Paradise, 160 Shere Punjab, Andheri (East), Mumbai – 400093, Maharashtra, India

Date of Birth/Age :

22.09.1960

DIN No.:

02034699

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

U47010MH2005PTC156535

APT REALTY PRIVATE LIMITED

Director

30/09/2009

1/4/2009

Active

NO

2

U51109MH2011PTC218283

OM SHREE INTERNATIONAL PRIVATE LIMITED

Whole-time director

3/6/2011

3/6/2011

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Amit

Designation :

Finance Executive

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

(AS ON 08.06.2011)

 

Names of Allottee

 

 

No. of Shares

Allotted

 

 

 

Kirat Ramanlal Turakhia

 

32500

Premlara Ramanlal Turakhia

 

6000

Priti Kirat Turakhia

 

28000

Missal Kirat Turakhia

 

6000

Madhukar Dullabhji Desai

 

2500

Sushila Madhukar Desai

 

2500

Bhakti Dinesh Parekh

 

2500

 

 

 

Total

 

 

80000

 

 

(AS ON 25.07.2011)

 

Names of Allottee

 

 

No. of Shares

Allotted

 

 

 

Kirat Turakhia

 

250000

Priti Turakhia

 

250000

Premlara Turakhia

 

70000

Missal Turakhia

 

72000

Rishab Turakhia

 

78000

 

 

 

Total

 

 

720000

 

 

BUSINESS DETAILS

 

Line of Business :

Exporter of Agricultural and  Allied Products

 

 

Exports :

 

Products :

Agro Commodities

Countries :

·         Dubai

·         Egypt

·         Syria

 

 

Terms :

 

Selling :

L/C, Cash and Credit (30 days)

 

 

Purchasing :

Cash and Credit (30 days)

 

 

GENERAL INFORMATION

 

Customers :

Wholesalers, Retailers and End Users

 

 

No. of Employees :

20 (Approximately)

 

 

Bankers :

·         State Bank of India

Fort Branch, Mumbai, Maharashtra, India

 

 

Facilities :

--

 

 

 

Banking Relations :

--

 

 

Auditors :

Not Divulged

 

 

CAPITAL STRUCTURE

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1000000

Equity Share

Rs.10/- each

Rs.10.000 Millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

800000

Equity Share

Rs.10/- each

Rs.8.000 Millions

 

 

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

NEW COMPANY

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

Check list by info Agents

Available in Report

(Yes/ No)

 

 

Year of Establishment

Yes

Locality of the Firm

Yes

Constitution of the Firm

Yes

Premises details

Yes

Type of Business

Yes

Line of Business 

Yes

Promoter’s Background 

-----

No. of Employees

Yes

Name of Person Contacted

Yes

Designation of Contact person

Yes

Turnover of Firm for last three years

-----

Profitability for last three years

-----

Reasons for variation <> 20%

-----

Estimation for coming financial year

No

Capital in the business

No

Details of sister concerns

No

Major Suppliers

No

Major Customers

No

Payments Terms

Yes

Export/ Imports Details (If applicable)

Yes

Market Information

-----

Litigations that the firm/ Promoters Involved in

-----

Banking details

Yes

Banking Facility Details

-----

Conduct of the Banking Account

-----

Buyer visit details

-----

Financials, if provided

No

Incorporation details is applicable

-----

Last Accounts filed at ROC

-----

Major Shareholders, if available

-----

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.51.75

UK Pound

1

Rs.80.00

Euro

1

Rs.65.99

 

 

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

YES

--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

 

-

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.