|
Report Date : |
24.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
ARJIT FOODS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Parashar, 301,
Varsova Citizen CHS Limited, 03rd Floor, |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
17.09.2010 |
|
|
|
|
Com. Reg. No.: |
11-207802 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.100 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15400MH2010PTC207802 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA40025G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICA8806H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Food Products. |
|
|
|
|
No. of Employees
: |
14 (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 |
|
Maximum Credit Limit : |
USD 2400 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Though the company was incorporated in the year 2010. But the company
has started their business activity in the 2 quarter of 2011. Trade relations
seem to be fair. Business is active. Payments are reported to be slow but
correct. 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.
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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. Ajay Chamanlal Parashar |
|
Designation : |
Director |
|
Contact No.: |
91-9833908680 |
|
Date : |
23.07.2012 |
LOCATIONS
|
Registered Office : |
Parashar, 301,
Varsova Citizen CHS Limited, 03rd Floor, |
|
Tel. No.: |
91-22-64530597/ 29250597 |
|
Mobile No.: |
91-9833908680 (Mr. Ajay Chamanlal Parashar) |
|
Fax No.: |
91-22-64530597/ 29250597 |
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E-Mail : |
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|
Website : |
|
|
Area : |
700 sq ft |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
A3/10, Chanakya Society, Lok Bharati Complex, |
|
Area : |
300 sq ft |
|
Location : |
Leased |
DIRECTORS
As on 30.12.2011
|
Name : |
Mr. Ajay Chamanlal Parashar |
|
Designation : |
Director |
|
Address : |
601, Krishna, A Wing, Jangid Complex, |
|
Date of Birth/Age : |
15.03.1973 |
|
Date of Appointment : |
17.09.2010 |
|
DIN No.: |
01877498 |
|
|
|
|
Name : |
Mrs. Rituu Ajay Parashar |
|
Designation : |
Director |
|
Address : |
301, Varsova Citizen CHS Limited, 3rd Floor, |
|
Date of Birth/Age : |
17.09.1972 |
|
Date of Appointment : |
17.09.2010 |
|
DIN No.: |
03083044 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.12.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ajay Chamanlal Parashar |
|
435000 |
|
Rituu Ajay Parashar |
|
65000 |
|
Total |
|
500000 |
As on 30.12.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Food Products. |
|
|
|
|
Products : |
v Dry Groceries v Frozen Fruits v Frozen Vegetables v Chocolates v Aluminium Foils v Pork v Lamb v Fish v Poultry v Dairy Products |
|
|
|
|
Imports : |
|
|
Products : |
Food Products |
|
Countries : |
v
v
v
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
v Snorre Food Pte Limited |
|
|
|
|
Customers : |
Wholesalers, Retailers and End Users v Tata Hotels |
|
|
|
|
No. of Employees : |
14 (Approximately) |
|
|
|
|
Bankers : |
The Lakshmi Vilas
Bank Limited, Fort Mumbai Branch, Bharat House, 104, B.S. Marg,
Fort, Mumbai – 400 001, Maharashtra, India |
|
|
|
|
Facilities : |
Cash Credit – Rs.15.000 millions and LC – Rs.15.000 millions (From The Lakshmi Vilas Bank Limited) |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bakre, Pachkhede and Sagdeo Chartered Accountants |
|
Address : |
3 and 4, Sai Sagar Apartments, Sai Sagar, |
|
Tel. No.: |
91-712-2236686/ 2233929/ 6424046 |
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Income-tax
PAN of auditor or auditor's firm : |
AACFB9328B |
|
|
|
|
Associates/Subsidiaries : |
Abhinav
Enterprises Address: Parashar, 301, Varsova Citizen CHS Limited, 3rd
Floor, Line of Business: Trader and Importer of Food Products. |
CAPITAL STRUCTURE
As on 30.12.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
|
|
|
|
|
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]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.500 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.600 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.600 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.541 |
|
|
Other Current Assets |
|
|
0.030 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.571 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.000 |
|
|
Net Current Assets |
|
|
0.571 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.029 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.600 |
|
PROFIT & LOSS
ACCOUNT
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
95.000 |
|
|
|
|
|
Expected Sales (2012-2013): Rs.150.000 millions
The above information has been parted by Mr. Ajay Chamanlal Parashar
(Director).
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
0.00 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
|
|
31.03.2011 (Rs. in millions) |
|
Sundry Creditors |
|
|
0.000 |
|
|
|
|
|
|
Sr. No. |
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 |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last one year |
Yes |
|
12] |
Profitability for last one year |
No |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter
involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
------------------------ |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
32] |
Passport No of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
FINANCIAL RESULTS:
The Company has not started any activity upto 31.03.2011.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U15400MH2010PTC207802 |
|
Name of the
company |
ARJIT FOODS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Parashar, 301,
Varsova Citizen CHS Limited, 03rd Floor, E-Mail: sachinpachkhede@yahoo.co.in |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property
(not being pledge) Others (Entire
current assets including stock and book debts) |
|
Particular of charge
holder |
The Lakshmi Vilas
Bank Limited, Fort Mumbai Branch, Bharat House, 104, B.S. Marg,
Fort, Mumbai – 400 001, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Letter of
Hypothecation |
|
Date of
instrument Creating the charge |
11.07.2011 |
|
Amount secured by
the charge |
Rs.30.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: 4.50% over the
Bank's base rate (presently 10.50% per annum) with a minimum of 15.00% per
annum with monthly rests. Terms of
Repayment: Yearly renewal
and on demand Margin: Inventory: 25%,
Receivables: 50% and LC Cash Margin: 25%. As intimated by
the bank from time to time Extent and
Operation of the charge: The security to
remain charged until repayment of all the dues to the Bank by whatever name
called. |
|
Short particulars
of the property charged |
OCC: Entire
current assets including stocks and receivables of the company ILC/FLC: Stocks
and receivables received under LCs. |
TRADE REFERENCES:
v Tata Hotels
v Snorre Food Pte Limited
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.55.76 |
|
|
1 |
Rs.86.80 |
|
Euro |
1 |
Rs.67.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
YES |
|
--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 |
YES |
|
--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 |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.