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Report Date : |
02.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
NEXUS PETROCHEM PRIVATE LIMITED |
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Registered
Office : |
402, Heritage Plaza, Telli Galli, Cross Lane, R. S. Maharaj Marg, Andheri
(East), Mumbai – 400069, Maharashtra |
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Country : |
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Date of
Incorporation : |
18.10.2010 |
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Com. Reg. No.: |
11-209085 |
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Capital
Investment/ Paid-up Capital: |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U74900MH2010PTC209085 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Plastic Raw Materials, Speciality Chemicals. |
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No. of
Employees: |
30 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (28) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 400 |
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Status : |
Moderate |
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Payment Behaviour : |
Sow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2005, as a proprietory concern with
nome of NEXUS PETROCHEM and it got concerted into private limited in the year
2010. Subject is an established company having moderate track. The company
has not filed its financials with the government departments since its
inception. However, trade relations are 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.
INFORMATION PARTED BY (General Details)
|
Name : |
Mr. Nilesh |
|
Designation : |
Chief Executive Officer |
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Contact No.: |
91-22-26825370 |
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Date : |
01.06.2006 |
LOCATIONS
|
Registered Office/ Branch : |
402, Heritage Plaza, Telli Galli, Cross Lane, R. S. Maharaj Marg,
Andheri (East), Mumbai – 400069, Maharashtra, India |
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Tel. No.: |
91-22-26825370/ 71/ 72 |
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Fax No.: |
91-22-26825830 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Warehouse : |
Bhiwandi, Mumbai, Maharashtra, India |
DIRECTORS
|
Name : |
Mr. Nandan Himatlal Valia |
|
Designation : |
Director |
|
Address : |
54, Presidency Society,7th Road, JVPD Scheme, Parle (West), Mumbai – 400049, Maharashtra, India |
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Date of Birth/Age : |
24.05.1974 |
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Date of Appointment : |
18.10.2010 |
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DIN No.: |
03135330 |
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Name : |
Mrs. Hetal Nandan Valia |
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Designation : |
Director |
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Address : |
54, Presidency Society,7th Road, JVPD Scheme, Parle (West), Mumbai – 400049, Maharashtra, India |
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Date of Birth/Age : |
17.08.1974 |
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Date of Appointment : |
18.10.2010 |
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DIN No.: |
03187031 |
KEY EXECUTIVES
|
Name : |
Mr. Nilesh |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 08.10.2010
|
Names of Shareholders |
|
No. of Shares |
|
Nandanl Valia |
|
9000 |
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Hetal Valia |
|
1000 |
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Total
|
|
10000 |
BUSINESS DETAILS
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Line of Business : |
Trader and Importer of Plastic Raw Materials, Speciality Chemicals. |
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Imports : |
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Products : |
·
Plastic Raw Materials ·
Speciality Chemicals. |
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Countries : |
·
France ·
Singapore ·
Germany |
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Terms : |
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Selling : |
Depends |
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Purchasing : |
Depends |
GENERAL INFORMATION
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Customers : |
Manufacturer |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
Yes Bank, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie
Besant Road, Worli, Mumbai - 400018, Maharashtra, India |
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Facilities : |
Cash Credit Rs. 100.00 Millions (From Yes Bank) |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
M M Nishin and Company Chartered Accountants |
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Address : |
Worli, Mumbai, Maharashtra, India |
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Sister Concern : |
·
Associates Brothers Address
: 401, Heritage Plaza, 4th Floor, Telligalli, Andheri,
Mumbai, Maharashtra, India ·
Productiv Marketing |
CAPITAL STRUCTURE
As on: 08.10.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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10000 |
Equity Share |
Rs.10/- each |
Rs.0.100 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
10000 |
Equity Share |
Rs.10/- each |
Rs.0.100
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
The above information has been declined by Mr. Nilesh
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
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Locality
of the Firm |
Yes |
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Construction
of the firm |
Yes |
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Premises
details |
No |
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Type
of Business |
Yes |
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Line
of Business |
Yes |
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Promoters
background |
Yes |
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No.
of Employees |
Yes |
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Name
of Person Contacted |
Yes |
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Designation
of contact person |
Yes |
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Turnover
of firm for last three years |
No |
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Profitability
for last three years |
No |
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Reasons
for variation <> 20% |
- |
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Estimation
for coming financial year |
- |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
Yes |
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Major
Suppliers |
No |
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Major
Customers |
No |
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Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
Yes |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
No |
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Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
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Financials,
if provided |
Yes |
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Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
No |
|
Major
Shareholders, if applicable |
Yes |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U74900MH2010PTC209085 |
|
Name of the
company |
NEXUS PETROCHEM
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
402, Heritage Plaza, Telli Galli, Cross Lane, R. S. Maharaj Marg,
Andheri (East), Mumbai – 400069, Maharashtra, India E-Mail : amittrivedics@gmail.com
|
|
This form is for |
Creation of charge |
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Type of charge |
Book debts Movable property (not being pledge) |
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Particular of
charge holder |
Yes Bank, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie
Besant Road, Worli,, Mumbai - 400018, Maharashtra, India E-mail : dlbbcadmum@yesbank.in
|
|
Nature of
instrument creating charge |
Deed of Hypothecation
for exclusive charge on all Current Assets and Fixed assets of the company
both present and future |
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Date of
instrument Creating the charge |
31.12.2011 |
|
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 LC(S/U)-1% p.a.
payable upfront BC(LUT/LOU)(S.L.
of LC)-1.5% p.a. payable upfront BG(S.L.of LC)-NIL CC-YBLBR+2.75%,EROI
13.25% p.a. Terms of
Repayment LC(S/U) - Sight
LC: Validity: 60 days, Usance LC: Usance : 90 days Validity : 60 days BC(LUT/LOU)(sub
limit of LC) - 90 days BG(sub limit of
LC) - 6 months including claim period.
CC - Repyable on
Demand LC-II(S/U)(sub
limit of CC) - Sight LC: Validity: 60 days, Usance LC: Usance : 90 days Validity : 60 days Margin Cash Credit - 25% Extent and
Operation of the charge Exclusive charge
on all Current Assets and Fixed Assets of the company both present and future |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Exclusive charge
on all Current Assets and Fixed Assets of the company both present and future |
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.55.92 |
|
|
1 |
Rs.86.03 |
|
Euro |
1 |
Rs.69.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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.