|
Report Date : |
18.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAJKAMAL INDUSTRIAL PRIVATE LIMITED |
|
|
|
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Registered
Office : |
401, Dev Arc Corporate, Behind Dev Arc Mall, Iscon Cross Road, S. G.
Highway, Satellite. Ahmedabad-380015, Gujarat |
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|
Country : |
India |
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|
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|
Date of
Incorporation : |
20.06.2012 |
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Com. Reg. No.: |
04-070829 |
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Capital Investment
/ Paid-up Capital : |
Rs. 10.000 Millions |
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|
|
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CIN No.: [Company Identification
No.] |
U24100GJ2012PTC070829 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Trader and Importer of Petroleum Oils, Bitumen, Chemicals, Polymers,
Petroleum Jelly, Petroleum Wax etc |
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|
|
|
No. of Employees
: |
8 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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|
Comments : |
Subject was established as partnership concern during 1960 by the name
‘Rajkamal Industrial Company’. And during June 2012 it got converted into a
private limited company. Ms. Bharati, Assistant Marketing Manager has provided us with the
general information but denied to disclose any financial detail. However, trade relations are reported as fair. Business is active.
Payments terms are unknown. The company can be considered for business dealings with some
caution. |
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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY (GENERAL INFORMATION)
|
Name : |
Ms. Bharati |
|
Designation : |
Assistant Marketing Manager |
|
Contact No.: |
91-79-26920776 |
|
Date : |
16.04.2013 |
LOCATIONS
|
Registered Office : |
401, Dev Arc Corporate, Behind Dev Arc Mall, Iscon Cross Road, S. G.
Highway, Satellite. Ahmedabad-380015, Gujarat, India |
|
Tel. No.: |
91-79-26920776 / 1076 / 0976 |
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Fax No.: |
91-79-26921076 |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Bhadresh Chinubhai Mehta |
|
Designation : |
Director |
|
Address : |
11, Ashirvad Part 4, Opposite Krishna Bunglows, Prahalad Nagar, Garden
Vejalpur, Ahmedabad-380051, Gujarat, India |
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Date of Birth/Age : |
05.10.1954 |
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DIN No.: |
05158706 |
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|
|
|
Name : |
Meet Bhadresh Mehta |
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Designation : |
Director |
|
Address : |
11, Ashirvad Part 4, Opposite Krishna Bunglows, Prahalad Nagar, Garden
Vejalpur, Ahmedabad-380051, Gujarat, India |
|
Date of Birth/Age : |
11.09.1988 |
|
DIN No.: |
05197971 |
KEY EXECUTIVES
|
Name : |
Ms. Bharati |
|
Designation : |
Assistant Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.06.2012
|
Names of Shareholders |
No. of Shares |
|
Bhadaresh Chinubhai Mehta |
750000 |
|
Sunitaben Bhadreshbhai Mehta |
60000 |
|
Vijaybhai amratlal Shah |
10000 |
|
Meet Bhadresh Mehta |
150000 |
|
Khushbu Jaimin Shah |
10000 |
|
Jitendra Keshavlal Shah |
10000 |
|
Hemangini Sudhirbhai Shah |
10000 |
|
TOTAL
|
1000000 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Petroleum Oils, Bitumen, Chemicals, Polymers,
Petroleum Jelly, Petroleum Wax etc |
|
|
|
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Imports : |
|
|
Products : |
Raw Materials |
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Countries : |
·
Korea ·
UAE |
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Terms : |
|
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Selling : |
Advanced |
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Purchasing : |
Advanced |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|
|
|
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No. of Employees : |
8 (Approximately) |
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|
|
|
Bankers : |
·
Standard Chartered Bank, Ground Floor, Abhijeet-II,
Mithakhali Six Roads, Navrangpura, Ahmedabad-380009, Gujarat, India |
|
|
|
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
Jaimin Shah and Associates Chartered Accountant |
|
Address : |
Sharswat Tower, Satellite, Ahmedabad-380015, Gujarat, India |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
No |
|
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 |
No |
|
12] |
Profitability for last
three years |
No |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE
Registered office has been shifted from 603, Span Trade Centre, Opposite
Kochrab Ashram Paldi, Ahmedabad-380006, Gujarat, India to the present address w.e.f.
01.07.2012
FORM 8
|
Corporate
identity number of the company |
U24100GJ2012PTC070829 |
|
Name of the
company |
RAJKAMAL
INDUSTRIAL PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
401, Dev Arc Corporate, Behind Dev Arc Mall, Iscon Cross Road, S. G. Highway, Satellite. Ahmedabad-380015, Gujarat, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10365616 |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge |
|
Particular of
charge holder |
Standard Chartered Bank, Ground Floor, Abhijeet-II, Mithakhali Six Roads, Navrangpura, Ahmedabad-380009, Gujarat, India |
|
Nature of
instrument creating charge |
Supplemental
Hypothecation Agreement Dated 06/08/2012 |
|
Date of
instrument Creating the charge |
06.08.2012 |
|
Amount secured by
the charge |
Rs. 177.500
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest As Agreed by and
with the bank from time to time Terms of repayment As Agreed by and
with the bank from time to time Margin As per bank's
sanction Extent and operation of the charge First Exclusive
Charge on Securities Rs.177.500 Millions |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation by
way of (a) All the Stock in trade both present and future , goods for trading
and other merchandize (b) all the
present and future book debts, outstanding moneys receivables, claims and
bills C) All movable
fixed assets As More
particularly described in Attached Supplemental Hypothecation Agreement Dated
06/08/2012 |
|
Particulars of
the present modification |
Supplemental
Hypothecation Agreement for Rs.177.500 Millions. |
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 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. 53.92 |
|
|
1 |
Rs. 82.76 |
|
Euro |
1 |
Rs. 71.04 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYN |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
35 |
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.