|
Report Date : |
15.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
ORE CERA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
203, Akshar Arcade, Opposite Memnager Fire Station, Navrangpura,
Ahmedabad – 380009, |
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Country : |
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|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
11.01.2007 |
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Com. Reg. No.: |
049754 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.1.750 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26914GJ2007ULT049754 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMO00633D |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Ceramics Raw Material |
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|
|
|
No. of Employees
: |
08 (In office) |
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 9284 |
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|
|
|
Status : |
Small Company |
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|
|
Payment Behaviour : |
Slow |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is a small company in its field. Its scale of activities are
limited. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow. The company can be considered for business dealings at usual 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
|
Name : |
Mr. Nishant Vora |
|
Designation : |
Director |
|
Contact No.: |
91-79-26462544 |
|
Date : |
14.05.2012 |
LOCATIONS
|
Registered Office : |
203, Akshar Arcade, Opposite Memnager Fire Station, Navrangpura,
Ahmedabad – 380009, Gujarat, India |
|
Tel. No.: |
91-79-26462544 |
|
Fax No.: |
91-79-26421357 |
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E-Mail : |
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Website : |
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Area : |
2000sq.fts |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Mahesh Amrutlal Vora |
|
Designation : |
Director |
|
Address : |
12 Ruchir Bunglows, Behind IOC Petrol Pump, Bodakdev, Vastrapur,
Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
01.01.1955 |
|
Date of Appointment : |
11.01.2007 |
|
|
|
|
Name : |
Mrs. Kalpana Maheshbhai Vora |
|
Designation : |
Director |
|
Address : |
12 Ruchir Bunglows, Behind IOC Petrol Pump, Bodakdev, Vastrapur, Ahmedabad
– 380015, Gujarat, India |
|
Date of Birth/Age : |
02.12.1955 |
|
Date of Appointment : |
11.01.2007 |
|
|
|
|
Name : |
Mr. Ajit Maheshbhai Vora |
|
Designation : |
Director |
|
Address : |
B-101, Abhiyaan Apartment, Near Devkinandan Derasar, Navranpura,
Ahmedabad – 380061, Gujarat, India |
|
Date of Birth/Age : |
21.08.1981 |
|
Date of Appointment : |
11.01.2007 |
|
|
|
|
Name : |
Mr. Nishant Maheshbhai Vora |
|
Designation : |
Director |
|
Address : |
B-101, Abhiyaan Apartment, Near Devkinandan Derasar, Navranpura,
Ahmedabad – 380061, Gujarat, India |
|
Date of Birth/Age : |
29.04.1983 |
|
Date of Appointment : |
22.01.2007 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Mahesh Amrutlal Vora |
|
5000 |
|
Kalpana Maheshbhai Vora |
|
45000 |
|
Ajit Maheshbhai Vora |
|
42500 |
|
Chiristy Nishant Vora |
|
82500 |
|
Total |
|
175000 |
AS ON 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Ceramics Raw Material |
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|
|
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Imports : |
|
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Products : |
Ceramics Raw Material |
|
Countries : |
·
Australia ·
Malaysia ·
South Africa ·
Srilanka |
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Terms : |
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Selling : |
Advanced Payment |
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Purchasing : |
Advanced Payment |
GENERAL INFORMATION
|
Suppliers : |
Iluka Resources Private Limited |
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Customers : |
M B Industries Private Limited |
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No. of Employees : |
08 (In office) |
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Bankers : |
·
State Bank of India, Overseas Branch, Navjivan Trust New Building, B/H Gujarat Vidyapith,
Ahmedabad - 380014, Gujarat, India ·
Bank of Baroda, Vastrapur Branch |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Ashok Chhajed and Associates Chartered Accountant |
|
Address : |
22 City Centre, C G Road, Navrangpura, Ahmedabad – 380009, Gujarat,
India |
|
Tel No.: |
91-79-26402929-30 |
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Email : |
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|
|
|
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Associates/Subsidiaries : |
·
Opaque Ceramics Private Limited ·
Om Ceramic Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
175000 |
Equity Shares |
Rs.10/- each |
Rs.1.750
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
5.000 |
Expected Sales (2012-2013) : Rs.20.000 Millions
The above information has been parted by Mr. Nishant Vora (Director)
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.750 |
1.750 |
1.750 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.571 |
0.887 |
0.800 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2.321 |
2.637 |
2.550 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.919 |
|
|
2] Unsecured Loans |
0.465 |
1.499 |
1.813 |
|
|
TOTAL BORROWING |
0.465 |
1.499 |
2.732 |
|
|
DEFERRED TAX LIABILITIES |
0.013 |
0.010 |
0.013 |
|
|
|
|
|
|
|
|
TOTAL |
2.799 |
4.146 |
5.295 |
|
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|
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|
|
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APPLICATION OF FUNDS |
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|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.463 |
2.463 |
2.339 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.555 |
0.074 |
|
|
Sundry Debtors |
0.049
|
0.842 |
1.239 |
|
|
Cash & Bank Balances |
0.143
|
0.158 |
0.165 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.383
|
0.415 |
2.545 |
|
Total
Current Assets |
0.575
|
1.970 |
4.023 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.200
|
0.246 |
0.928 |
|
|
Other Current Liabilities |
0.000
|
0.002 |
0.085 |
|
|
Provisions |
0.039
|
0.039 |
0.054 |
|
Total
Current Liabilities |
0.239
|
0.287 |
1.067 |
|
|
Net Current Assets |
0.336
|
1.683 |
2.956 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.799 |
4.146 |
5.295 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
0.457 |
5.347 |
52.001 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
0.201 |
5.843 |
50.644 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(0.273) |
0.115 |
0.934 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.042 |
0.028 |
0.326 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(0.315) |
0.087 |
0.608 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(1.80) |
0.50 |
-- |
|
NOTE: The company management has confirmed that due to economic and
marketing conditions the sales turnover has decreased.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(68.93)
|
1.63 |
1.17 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(8.99)
|
2.59 |
14.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.04 |
0.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.30
|
0.68 |
1.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.41
|
6.86 |
3.77 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
Sundry Creditors for Expenses |
0.100 |
0.129 |
0.811 |
|
Sundry Creditors for Goods |
0.100 |
0.117 |
0.117 |
|
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 three years |
Yes |
|
12)
Profitability for last three years |
Yes |
|
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 |
FORM 8:
|
This form is for |
Creation of charge |
|
Corporate identity number of the company |
U26914GJ2007ULT049754 |
|
Name of the company |
ORE CERA PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
203, Akshar Arcade, Opp. Memnagar Fire
Station, Navrangpura, Ahmedabad – 380009, Gujarat, India |
|
Type of charge |
Book Debts Movable Property Immovable Property |
|
Particular of charge holder |
State Bank of India |
|
Nature of description of the instrument
creating or modifying the charge |
1. Agreement of Loan Cum Hypothecation 2.Memorandum For Recording Creation of
Mortgage By Deposit of Title Deeds |
|
Date of instrument Creating the charge |
18/03/2008 |
|
Amount secured by the charge |
Rs.18.500 Millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate of Interest Working Capital : 0.75% Above Sbar With
Present Sbar 12.25% Terms of Repayment Working Capital Repayable On Demand Margin A. Fund Based Limits Raw Material Imported And Indigenous 25%,
Semi Finish Goods And Finishgoods 30%,
Domestic Receivables 50%. B. Non-Fund Based Limits Letter Of Credit 30 % Extent and Operation of the charge First Charge Created In Favour Of State
Bank Of India Others The Mortaged Property I.E. Factory Building
Is Located At Plot Nos. 46.47,48, Sonal Industrial Estate, Khoda,
Sanand, Dist. Ahmedabad And These Plots Of Land Are Registered In The Name Of Mr. Mahesh A Vora |
|
Short particulars of the property charged |
Hypothecation Of All Present And Future
Stocks Of Raw Material, Stock In Process, Finished Goods, Vehicles, Book
Debts And All Other Current / Movable Assets Of The Company 2.Mortgage Of Factory Building Of The
Company At Plot No.46.47,48, Sonal Industrial Estate, Khoda, Sanand, Dist. Ahmedabad |
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.53.71 |
|
|
1 |
Rs.86.34 |
|
Euro |
1 |
Rs.69.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
SDA |
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 |
2 |
|
--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 |
NO |
|
--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.