|
Report Date : |
24.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered
Office : |
2, Tirupathi Adesh Residency, Near Tirupathi Harsh, Visnagar, Mehsana
-384001, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
23.02.2011 |
|
|
|
|
Com. Reg. No.: |
064165 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.0.750 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29248GJ2011PTC064165 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMK06455B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECK2494H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture and Exporter Drum Diameter, Exhaust - er, Burner rating,
Fule for Burner etc. |
|
|
|
|
No. of
Employees: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
|
|
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company and establishing itself gradually. It has
successfully initiated its business activities. Trade relations so far are reported as fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
|
|
Designation : |
Partner |
|
Contact No.: |
91-9825322472 |
|
Date : |
19.07.2012 |
LOCATIONS
|
Registered Office : |
2, Tirupathi Adesh Residency, Near Tirupathi Harsh, Visnagar, Mehsana
-384001, |
|
Tel. No.: |
91-2762-244583 |
|
Fax No.: |
91-2762-244583 |
|
E-Mail : |
|
|
|
|
|
Factory: |
Hari Om Industrial Estate, GIDC, Mehsana, |
DIRECTORS
|
Name : |
Dipak Bhai Choudhary |
|
Designation : |
Director |
|
Address : |
D-3,Alaknanda Apartment, |
|
Date of Birth/Age : |
22.12.1970 |
|
Date of Appointment : |
23.02.2011 |
|
Din No.: |
03406498 |
|
|
|
|
Name : |
Ashaben Haribahi Choudhary |
|
Designation : |
Director |
|
Address : |
D-3,Alaknanda Apartment, |
|
Date of Birth/Age : |
01.12.1967 |
|
Date of Appointment : |
23.02.2011 |
|
Din No.: |
03406475 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 16.02.2011
|
Names of Shareholders |
|
No. of Shares |
|
Dipak Bhai Choudhary |
|
25000 |
|
Ashaben Chodhary |
|
25000 |
|
Total |
|
50000 |
As on 12.04.2011
|
Names of Alottees |
|
No. of Shares |
|
Dipak Bhai Choudhary |
|
12500 |
|
Ashaben Chodhary |
|
12500 |
|
Total |
|
25000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and Exporter Drum Diameter, Exhaust - er, Burner rating,
Fuel for Burner etc. |
|
|
|
|
Exports : |
|
|
Products : |
·
Drum Diameter ·
Exhaust - er, ·
Burner rating ·
Fuel for Burner |
|
Countries : |
·
·
·
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C and T.T |
|
|
|
|
Purchasing : |
L/C and T.T |
GENERAL INFORMATION
|
|
|
|
Customers : |
Contractors |
|
|
|
|
No. of Employees : |
15 (Approximately) |
|
|
|
|
Bankers : |
Dena Bank, |
|
|
|
|
Facilities : |
CC –Rs.6.000 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
C.D Modh Chartered Accountant |
|
|
|
|
Associates/Subsidiaries : |
Shree kesar Enterprises |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Share |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Share |
Rs.10/- each |
Rs.0.750
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
12.500 |
|
|
|
|
|
Expected Sales (2012-2013): Rs.40.000 Millions (More Orders)
The above information has been parted by Mr. Dipak
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last one year |
Yes |
|
Profitability
for last three years |
No |
|
Reasons
for variation <> 20% |
Yes |
|
Estimation
for coming financial year |
Yes |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
Yes |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
Yes |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
No |
|
Major
Shareholders, if applicable |
Yes |
|
PAN of
Proprietor/Partner/Director, if available |
No |
|
Passport No of Proprietor/Partner/Director,
if available |
No |
|
Voter ID No of
Proprietor/Partner/Director, if available |
No |
FORM 8
|
Corporate
identity number of the company |
U29248GJ2011PTC064165 |
|
Name of the
company |
|
|
Address of the
registered office or of the principal place of business in |
2, Tirupathi Adesh Residency, Near Tirupathi Harsh, Visnagar, Mehsana
-384001, Email: cdmodh@yahoo.co.in |
|
This form is for |
Creation of charge |
|
Type of charge |
·
Book
Debts ·
Movable
Property ·
Immovable
Property ·
Any
Interest in immovable property |
|
Particular of
charge holder |
Dena Bank, Email: mehsan@denabank.co.in
|
|
Nature of
instrument creating charge |
(1)
Mortgage Deed (2)
Term Loan Agreement |
|
Date of
instrument Creating the charge |
19.04.2012 |
|
Amount secured by
the charge |
Rs.21.000 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of
interest: (1) 13.55% P.A. Term Loan Against P&M and Factory Shed and
Building Construction. (2) 12.85% P.A. CC Limits Terms of
repayment Term Loan 66 months including moratorium period of 6
months. CC LIMITS 1 YEAR Margin (1)
Term Loan-25% on P&M, Factory Shed & Building. (2)
cc limits 25% stocks, 33 1/3 WIP, 25%
Book Debts Extent and
operation of the charge (1)
Whole charge is covered by company's immovable & movable property such as
factory land, Building, P&M, stocks and Book debts |
|
Short particulars
of the property charged (Including location of the property) |
Stocks
of Raw Materials, Finished Goods, Stores and Spares, Packing Materials.
Book
Debts in the Books of the company Plant and Machinery, Factory Shed &
Building at Plot No.81-82, GIDC Gozaria, Dist: MehsanaS.No.1341,1342,1343/A Residential
Land & Building at Plot No. 2, Tirupati Adesh Bunglows, Visnagar Road,
Mehsana-384001 in the name of Ashaben Deepakbhai Chaudhary Industrial
Plot Located at Plot No. 81, GIDC, Village Gozariya, R.S. No.1341,1342,1343/A
Dist: Mehsana in the name of Kesar Road Equipments ( Industrial
Plot Located at Plot No. 82, GIDC, Village Gozariya, R.S. No.1341,1342,1343/A
Dist: Mehsana in name of Mr. Snehal Narendrabhai Mehta |
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 : |
SBA |
|
|
|
|
Report Prepared
by : |
BYI |
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.