MIRA
INFORM REPORT
|
Report Date : |
07.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
CHANDAN ENGINEERS AND CONTRACTORS PRIVATE LIMITED |
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Registered
Office : |
Gut No. 107, Near A. S. Club, Aurangabad – Nagar Road, Tisgaon,
Aurangabad – 431133, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
26.08.2010 |
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Com. Reg. No.: |
11-207070 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U74900MH2010PTC207070 |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Infrastructure Project Development. |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 400 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject has been taken over the running business of P. M. Chordia, a
proprietory concern started in the year 1988. Trade relations 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.
INFORMATION PARTED BY
|
Name : |
Mr. Agnihotri |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-7588930997 |
|
Date : |
05.03.2012 |
LOCATIONS
|
Registered Office : |
Gut No. 107, Near A. S. Club, Aurangabad – Nagar Road, Tisgaon,
Aurangabad – 431133, Maharashtra, India |
|
Tel. No.: |
91-240-2553777 |
|
Mobile No.: |
91-7588930997 (Mr. Agnihotri) |
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Fax No.: |
91-240-2244291 |
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E-Mail : |
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|
Location : |
Owned |
DIRECTORS
As on 26.12.2011
|
Name : |
Mr. Popatlal Mohanlal Chordia |
|
Designation : |
Director |
|
Address : |
10, Ahinsa Nagar, Aurangabad, Aurangabad – 431005, Maharashtra, India |
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Date of Birth/Age : |
23.08.1946 |
|
Date of Appointment : |
26.08.2010 |
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DIN No.: |
01131001 |
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|
|
|
Name : |
Mr. Kishor Popatlal Chordia |
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Designation : |
Director |
|
Address : |
10, Ahinsa Nagar, Aurangabad, Aurangabad – 431005, Maharashtra, India |
|
Date of Birth/Age : |
17.05.1972 |
|
Date of Appointment : |
26.08.2010 |
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DIN No.: |
01231695 |
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|
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Name : |
Mr. Chandrakala Popatlal Chordia |
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Designation : |
Director |
|
Address : |
10, Ahinsa Nagar, Aurangabad, Aurangabad – 431005, Maharashtra, India |
|
Date of Birth/Age : |
05.12.1954 |
|
Date of Appointment : |
26.08.2010 |
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DIN No.: |
02248452 |
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|
|
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Name : |
Mr. Rupali Kishor Chordia |
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Designation : |
Director |
|
Address : |
10, Ahinsa Nagar, Aurangabad, Aurangabad – 431005, Maharashtra, India |
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Date of Birth/Age : |
15.10.1975 |
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Date of Appointment : |
26.08.2010 |
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DIN No.: |
03105954 |
KEY EXECUTIVES
|
Name : |
Mr. Agnihotri |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.12.2011
|
Names of Shareholders |
|
No. of Shares |
|
Popatlal Mohanlal Chordia |
|
4500 |
|
Kishor Popatlal Chordia |
|
3500 |
|
Chandrakala Popatlal Chordia |
|
1000 |
|
Rupali Kishor Chordia |
|
1000 |
|
Total |
|
10000 |
Equity Share Break up (Percentage of Total Equity)
As on 26.12.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Infrastructure Project Development. |
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Terms : |
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Selling : |
Cash/ Credit |
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Purchasing : |
Cash/ Credit |
GENERAL INFORMATION
|
Customers : |
Others |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
State Bank of India, P – 56 MIDC, Waluj, Aurangabad – 431136,
Maharashtra, India |
|
Facilities : |
Cash Credit – Rs.32.500 Millions |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Sharma N. V. and Company Chartered Accountants |
|
Address : |
3B, Sindhi Colony, Ground Floor, Opposite Gurudwara, Aurangabad –
431005, Maharashtra, India |
|
PAN.: |
AETPS9720A |
CAPITAL STRUCTURE
As on 26.12.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
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|
SHAREHOLDERS FUNDS |
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|
|
|
1] Share Capital |
|
|
0.100 |
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|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
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4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.100 |
|
|
LOAN FUNDS |
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|
|
|
|
1] Secured Loans |
|
|
0.000 |
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2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
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|
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TOTAL |
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|
0.100 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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|
0.000 |
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Capital work-in-progress |
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|
0.000 |
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INVESTMENT |
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|
0.000 |
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DEFERREX TAX ASSETS |
|
|
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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|
0.000 |
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Sundry Debtors |
|
|
0.000 |
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Cash & Bank Balances |
|
|
0.004 |
|
|
Other Current Assets |
|
|
0.000 |
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Loans & Advances |
|
|
0.000 |
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Total
Current Assets |
|
|
0.004 |
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|
Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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Other Current Liabilities |
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Provisions |
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Total
Current Liabilities |
|
|
0.003 |
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Net Current Assets |
|
|
0.001 |
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MISCELLANEOUS EXPENSES |
|
|
0.099 |
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TOTAL |
|
|
0.100 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
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SALES |
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Income |
|
|
0.000 |
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Other Income |
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|
0.000 |
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TOTAL |
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|
0.000 |
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|
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|
Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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|
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|
Advertising Expenses |
|
|
0.099 |
|
|
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Financial Expenses |
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Depreciation |
|
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|
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TOTAL |
|
|
0.099 |
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PROFIT/ LOSS
BEFORE TAX |
|
|
(0.099) |
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|
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Less |
TAX |
|
|
0.000 |
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PROFIT/ LOSS
AFTER TAX |
|
|
(0.099) |
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Earnings/ Loss
Per Share (Rs.) |
|
|
9.90 |
|
Expected Sales (2011-12) : Rs.250.000 Millions
The above information has been parted by Mr. Agnihotri.
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
PAT / Total Income |
(%) |
|
|
0.00 |
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Net Profit Margin (PBT/Sales) |
(%) |
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|
0.00 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
2475.00 |
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Return on Investment (ROI) (PBT/Networth) |
|
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|
0.99 |
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Debt Equity Ratio (Total Liability/Networth) |
|
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|
0.03 |
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Current Ratio (Current Asset/Current Liability) |
|
|
|
1.33 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry
Creditors – Not Available
|
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 |
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6) Line of Business |
Yes |
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7) Promoter’s background |
-- |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last two years |
Yes |
|
12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
No |
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14) Estimation for coming financial year |
Yes |
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15) Capital in the business |
No |
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16) Details of sister concerns |
No |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
-- |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
No |
|
28) Incorporation details, if applicable |
-- |
|
29) Last accounts filed at ROC |
-- |
|
30) Major Shareholders, if available |
-- |
Operating Results
The Company not yet started its business activity, the company is positive
about its future growth.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U74900MH2010PTC207070 |
|
Name of the
company |
CHANDAN ENGINEERS
AND CONTRACTORS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Gut No. 107, Near A. S. Club, Aurangabad – Nagar Road, Tisgaon,
Aurangabad – 431133, Maharashtra, India Email : devendraring@gmail.com |
|
This form is for |
Creation
of charge |
|
Type of charge |
Immovable
property Any interest in
immovable property Book debts Movable property
(not being pledge) Floating charge |
|
Particular of
charge holder |
State Bank of India, P – 56 MIDC, Waluj, Aurangabad – 431136,
Maharashtra, India Email : vilas.lathkar@gmail.com
|
|
Nature of
instrument creating charge |
1. Agreement of
loan - cum - hypothecation 2. Deed of
mortgage (simple mortgage) (both documents
executed to create single charge) |
|
Date of
instrument Creating the charge |
01.12.2011 |
|
Amount secured by
the charge |
Rs.50.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Fund base working
capital: base rate + 6.50 % currently 16.50 % Non fund base
limit - not applicable Terms of
repayment Working Capital
Repayable on Demand Margin Not Mentioned Extent and
operation of the charge THE charge will
be operative till the entire amount of loan alongwith interest, expenses,
charges, commission are repaid by the company |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All types of
stocks, book debts, plant and machinery and other movable assets of the
company ALL the piece and
parcels of land admn 10 acres 11 Gunthas at Gut No 142, Tisgaon, Wadgaon
Road, Aurangabad togetherwith structure standing thereon or to be constructed
thereon Plot No 40, 52
and 59, Gut No 106 and 107 of Phase II, Tapadia Estate, Behind P. M. Chordia
Petrol Pump, Tisgaon, Aurangabad togetherwith structure standing thereon or
to be constructed thereon |
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.50.03 |
|
|
1 |
Rs.79.32 |
|
Euro |
1 |
Rs.66.02 |
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 |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.