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Report Date : |
29.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
IBC IMPEX
PRIVATE LIMITED |
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Registered
Office : |
2nd
Floor, Adv. Padheye House, M.G. House, Civil Lines, |
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Country : |
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Date of
Incorporation : |
18.05.2010 |
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Com. Reg. No.: |
11-203351 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100
million |
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CIN No.: [Company Identification
No.] |
U74900MH2010PTC203351 |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Coal. |
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No. of Employees
: |
100 (Approximately) |
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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject was established as a proprietory concern during 2008 by the
name ‘AAI Sales Corporation’ and during 2010 it got reconstituted as a
private limited by the name ‘IBC Impex Private Limited’. The management of the company has not filed its financials with the
Government Department since its incorporation. Ms. Monali (Finance Executive) has provided general information but
denied to disclose any financial detail to us. However, trade relations are reported as fair. Business is active.
Payment 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.
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
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 DETAILS)
|
Name : |
Ms. Monali |
|
Designation : |
Finance Executive |
|
Contact No.: |
91-712-6648339 |
|
Date : |
28.01.2013 |
LOCATIONS
|
Registered Office/ Head Office : |
2nd
Floor, Adv. Padheye House, M.G. House, Civil Lines, |
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Tel. No.: |
91-712-6648339 |
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Fax No.: |
91-712-3013101 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Regional Office
: |
4th Floor, |
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|
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Branch Office : |
Located at: v v v Mangalore v Ahmedabad v v v Chandrapur v Bilaspur v Sambalpur v Badbil v Jharsuguda v Vizag v Bhubhneshwar |
DIRECTORS
|
Name : |
Mr. Nandkishor Gopichand Dandare |
|
Designation : |
Director |
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Address : |
T/4/56, Shakthinagar, Devasuguru (Shaktinagar), Raichur – 584 170, |
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Date of Birth/Age : |
23.04.1983 |
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DIN No.: |
02980054 |
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Voter ID No.: |
YFO0402818 |
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|
|
|
Name : |
Ms. Sweta Nandakishore Dandare |
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Designation : |
Director |
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Address : |
28/3, A-3, Forest Society, Seminary Hills, Civil Lines, |
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Date of Birth/Age : |
22.08.1982 |
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Date of Appointment : |
28.11.2012 |
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DIN No.: |
02980774 |
KEY EXECUTIVES
|
Name : |
Ms. Monali |
|
Designation : |
Finance Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.04.2010
|
Names of Shareholders |
|
No. of Shares |
|
Nandkishor Gopichand Dandare |
|
7000 |
|
Sweta Nandakishore Dandare |
|
3000 |
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Total |
|
10000 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Coal. |
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Imports : |
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Products : |
Coal |
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Countries : |
v
v
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Terms : |
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Selling : |
Cash and Credit (30/ 60 days) |
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Purchasing : |
L/C, Cash and Credit (30/ 60 days)
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GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users v
Purti Group v
TCIL v
Karamtara Group v
Birla Tyres v
Bhagwati Group v
Topworth v
NECO Group v
KSK v
Birla Cement v
VHM Industries v
HG Steels v
Concast Group v
Jindal v
Katwa v
Gharda Chemicals v
Monnet |
|
|
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No. of Employees : |
100 (Approximately) |
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|
|
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Bankers : |
v Allahabad Bank,
Manewada Branch, v Axis Bank
Limited, |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Tarun Sawal Chartered Accountant |
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Address : |
165, Nikunj, |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AKNPS9562J |
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|
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Group
Companies :
|
v IBC Infoline
v IBC Agro Limited
v Gursukh Energy Private Limited
v MAA Tarani Energy Private Limited
|
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 millions |
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|
|
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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]
NOT DIVULGED
The above information has been declined by Ms. Monali (Finance Executive).
LOCAL AGENCY FURTHER INFORMATION
|
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 |
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4) Premises details |
No |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter’s background |
Yes |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last three years |
No |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
Yes |
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17) Major suppliers |
No |
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18) Major customers |
Yes |
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19) Payments terms |
Yes |
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20) Export / Import details (if applicable) |
Yes |
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21) Market information |
-- |
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22) Litigations that the firm / promoter
involved in |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
Yes |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
No |
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28) Incorporation details, if applicable |
Yes |
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29) Last accounts filed at ROC |
No |
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30) Major Shareholders, if available |
Yes |
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31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
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32)
PAN of Proprietor/Partner/Director, if available |
No |
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33)
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
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34)
External Agency Rating, if available |
No |
Note:
The registered office of the company has been shifted from
3-C, 3rd Floor, JB Wing (NMC) Manglwari Complex, Sadar,
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U74900MH2010PTC203351 |
|
Name of the
company |
IBC IMPEX
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
2nd
Floor, Adv. Padheye House, M.G. House, Civil Lines, E-Mail: ibc@ibcgroup.in |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property
(not being pledge) Others (Stocks) |
|
Particular of
charge holder |
Allahabad Bank,
Manewada Branch, E-Mail: emailroc@rediffmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
General Letter of
Hypothecation applicable in the case of limited liability companies |
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Date of
instrument Creating the charge |
28.09.2011 |
|
Amount secured by
the charge |
Rs.20.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest @ 4%
over base rate i.e. 14.75 % p.a. Terms of
Repayment: As per the
Agreement. Margin: Margin @ 25% on
Stocks and Book debts upto 90 days Extent and
Operation of the charge: At the request of
the borrower company, the bank has sanctioned Cash Credit limit of Rs.20.000
millions against Hypothecation of Stocks, book debts and other movable and
current assets of the borrower company. |
|
Short particulars
of the property charged |
Hypothecation of
Stocks, book debts and other movable and current assets of the borrower
company. |
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.53.89 |
|
|
1 |
Rs.84.93 |
|
Euro |
1 |
Rs.72.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
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 |
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.