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Report Date : |
26.03.2012 |
IDENTIFICATION DETAILS
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Name : |
ALPHA FOUNDERS PRIVATE LIMITED |
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Registered
Office : |
D-22, MIDC, Miraj Block, Miraj 416410, |
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Country : |
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Date of
Incorporation : |
23.03.2011 |
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Com. Reg. No.: |
138974 |
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Capital
Investment/ Paid-up Capital: |
Rs.11.700 Millions |
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CIN No.: [Company Identification
No.] |
U27101PN2011PTC138974 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
KLPA02548A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of C.I. Casting |
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No. of
Employees: |
50 [Approximately] |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject has been takenover the running business of Alpha Engineers and
Founders, a partnership concern started in the year April, 2010. It is a new
company and yet to establish itself gradually. The company expects sizable
turnover in its first year of operation. Business is active. Payments are
unknown. The company can be considered for business dealings on a safe and
secured trade terms and conditions. |
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
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Name : |
Mr. Sabde |
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Designation : |
Purchase Department |
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Contact No.: |
91-233-2645403 |
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Date : |
24.03.2012 |
LOCATIONS
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Registered Office / Factory : |
D-22, MIDC, Miraj Block, Miraj 416410, Maharashtra, India |
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Tel. No.: |
91-233-2645403 |
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Fax No.: |
91-233-2645403 |
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E-Mail : |
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Website : |
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Area : |
Owned |
DIRECTORS
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Name : |
Mr. Devdatta Anil Phadke |
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Designation : |
Director |
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Address : |
7/A, Devdhan, Lokmanya Hsg. So., Pandharpur Road, Miraj – 416410,
Maharashtra, India |
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Name : |
Mr. Yashodham Phadke |
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Designation : |
Director |
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Address : |
7/A, Devdhan, Lokmanya Hsg. So., Pandharpur Road, Miraj – 416410,
Maharashtra, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 17.03.2011)
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Names of Shareholders |
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No. of Shares |
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Yashodhan Anil Phadke |
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500 |
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Kapil Phadke |
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500 |
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Total |
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1000 |
(AS ON 03.03.2012)
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Names of Allottees |
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No. of Shares |
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Yashodhan Anil Phadke |
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4000 |
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Devdatta Anil Phadke |
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4000 |
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Veena Anil Phadke |
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40000 |
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Total |
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48000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of C.I. Casting |
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Terms : |
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Selling : |
Credit [45 to60 days] |
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Purchasing : |
Credit [45 to60 days] |
GENERAL INFORMATION
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Customers : |
Wholesalers and Manufacturer |
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No. of Employees : |
50 [Approximately] |
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Bankers : |
Bank of Baroda, Miraj Branch, P. B. No. 20, High School Road, Miraj –
416410, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Anil Shinde and Company Chartered Accountants |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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150000 |
Equity Share |
Rs.100/- each |
Rs.15.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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117000 |
Equity Share |
Rs.100/- each |
Rs.11.700
Millions |
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FINANCIAL DATA
[all figures are in
Rupees Millions]
NEW COMPANY
Expected Sales (2011-2012) : Rs. 100.000 Millions
The above information has been parted by Mr. Sabde [Purchase Department].
LOCAL AGENCY FURTHER INFORMATION
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Available
in Report [Yes/No] |
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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 |
Yes |
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Type
of Business |
Yes |
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Line
of Business |
Yes |
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Promoters
background |
- |
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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% |
No |
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Estimation
for coming financial year |
No |
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Capital
the business |
No |
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Details
of sister concerns |
- |
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Major
Suppliers |
No |
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Major
Customers |
No |
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Payment
Terms |
Yes |
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Export
/ Import Details [If Applicable] |
No |
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Market
Information |
- |
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Litigations
that the firm / promoter involved in |
- |
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Banking
Details |
Yes |
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Banking
Facility Details |
No |
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Conduct
of the banking account |
- |
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Buyer
visit details |
- |
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Financials,
if provided |
No |
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Incorporation
details, if applicable |
- |
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Last
accounts filed at ROC |
- |
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Major
Shareholders, if applicable |
- |
Bankers Charges
Report as per Registry
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Corporate identity
number (CIN) or foreign company registration
number of the company |
U27101PN2011PTC138974 |
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Name of the company |
ALPHA FOUNDERS PRIVATE LIMITED |
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Address of the registered office or of the principal place of business in India of the company |
D- 22, MIDC, Miraj Block, Miraj- 416410, Maharashtra, India |
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This form is for |
Modification
of charge |
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Charge identification (ID) number of the charge to be modified |
10333509 |
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Type of charge |
Immovable property Book debts Movable property (not being pledge) Floating charge |
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Particular of charge holder |
BANK OF BARODA MIRAJ BRANCH, P. B. NO. 20, HIGH SCHOOL ROAD, MIRAJ – 416410,
Maharashtra, INDIA |
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Nature of instrument creating charge |
1. Composite Hypothecation Agreement 2. Hypothecation of movable machinery Both the documents modify one and single charge. |
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Date of instrument Creating the charge |
20.01.2012 |
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Amount secured by the charge |
Rs. 17.500 Millions |
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Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of interest 4% above base rate i.e. 14.75% p.a. Terms of repayment Term Loan: The term loan is to be repaid in 52 monthly installments of
Rs. 0.125 Millions commencing from February 2011. The monthly interest
charged in the account during the repayment period, will be serviced
separately. Repayment period of Cash Credit: 12 months Margin Cash Credit: 25% against stock and book debts upto a period of 90 days Extent
and operation of the charge First charge: The charge will remain in operation until full repayment
of principal, interest, penalty, commission, costs, fees, penal interest,
charges, etc. Others Term Loan: Rs. 7.5 Millions;
Cash Credit: Rs. 10 Millions |
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Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Primary: Hypothecation of Plant & Machinery including
electrification & cabling & other equipments purchased from Bank's
Loan by the firm Collateral: Extension of charge on current assets of the firm;
Equitable mortgage of factory land & building situated at Plot No. D- 22,
MIDC Sangli Miraj Industrial area, Miraj- 416410. |
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Particulars of the present modification |
No change in limits. New document is executed for hypothecating of
borrowers goods, debtors & machinery. |
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.50.91 |
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|
1 |
Rs.81.27 |
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Euro |
1 |
Rs.67.99 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.