|
Report Date : |
19.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
HASTHSHILP DESIGNER CRETE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6th Floor, San Mahu Complex, Opposite Poona Club, 5, Bund
Garden Road, Pune-411001, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Date of
Incorporation : |
02.06.2011 |
|
|
|
|
Com. Reg. No.: |
11-139728 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.20.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900PN2011PTC139728 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEH06796G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Building Construction and Development. |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
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 |
|
Status : |
Recently commenced its business operation |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of “Eisha Group”. Even though the company was
incorporated during June 02, 2011 it has recently commenced with its
commercial activity. Mr. Chhandraani S. Ray, Assistant to Director provided complete
information and confirmed that the company has started its commercial
activities from December 2012, and is indulged into business of construction
and development. However, trade relations are improving. 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.
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 DECLINED BY
|
Name : |
Mr. Chhandraani S. Ray |
|
Designation : |
Assistant to Director |
|
Contact No.: |
91-8600003530 |
|
Date : |
18.07.2013 |
LOCATIONS
|
Registered Office : |
6th Floor, San Mahu Complex, Opposite Poona Club, 5, Bund
Garden Road, Pune-411001, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8600003530 [Mr. Chhandraani S. Ray] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 27.05.2011
|
Name : |
Mr. Hasmukh Babulal Jain |
|
Designation : |
Director |
|
Address : |
Flat No. 17, Isha Palace, Salisbury Park, Pune-411037, Maharashtra,
India |
|
Date of Birth/Age : |
14.07.1963 |
|
Date of Appointment : |
02.06.2011 |
|
Din No.: |
00253356 |
|
|
|
|
Name : |
Mr. Jeet Hasmukh Jain |
|
Designation : |
Director |
|
Address : |
Flat No. 17, Isha Palace, Salisbury Park, Pune-411037, Maharashtra,
India |
|
Date of Birth/Age : |
13.12.1988 |
|
Date of Appointment : |
02.06.2011 |
|
Din No.: |
03524196 |
|
|
|
|
Name : |
Mr. Yuvraj Sitaram Dhamale |
|
Designation : |
Director |
|
Address : |
1359, Sadashiv Peth, Near Sadavat Furniture, Pune-411030, Maharashtra,
India |
|
Date of Birth/Age : |
06.03.1980 |
|
Date of Appointment : |
02.06.2011 |
|
Din No.: |
01979845 |
KEY EXECUTIVES
|
Name : |
Mr. Chhandraani S. Ray |
|
Designation : |
Assistant to Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.05.2011
|
Names of Shareholders |
|
No. of Shares |
|
Hasmukh Babulal Jain |
|
600000 |
|
Jeet Hasmukh Jain |
|
600000 |
|
Madhu Hasmukh Jain |
|
500000 |
|
Yuvraj Sitaram Dhamale |
|
300000 |
|
|
|
|
|
TOTAL
|
|
2000000 |
BUSINESS DETAILS
|
Line of Business : |
Building Construction and Development. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
|
|
|
|
Bankers : |
State Bank of India, Industrial Finance Branch, Near Kalasagar Hotel,
Pimpri, Pune-411034, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
|
|
|
|
Group Company : |
Eisha Group |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each
|
Rs.20.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT AVAILABLE
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 |
No |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
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 |
No |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE:
The registered office of the company has been shifted from 4th Floor, Wellesly Court, S. No. 15/B, Wellesly Road Camp, Pune-411001, Maharashtra, India to the present address w.e.f.06.08.2011, but the same has not been in the government registry.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U74900PN2011PTC139728 |
|
Name of the
company |
HASTHSHILP DESIGNER
CRETE PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
4th Floor, Wellesly Court, S. No. 15/B,
Wellesly Road Camp, Pune-411001, Maharashtra, India |
|
Type of charge |
Book Debts Movable Property
[not being pledge] Immovable
Property |
|
Particular of
charge holder |
State Bank of India, Industrial Finance Branch, Near Kalasagar Hotel,
Pimpri, Pune-411034, Maharashtra, India Email: sbi.04523@sbi.co.in |
|
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 3)Letter of
Arrangement (All the
documents executed for creation of a single charge) |
|
Date of
instrument Creating the charge |
20.07.2012 |
|
Amount secured by
the charge |
Rs.323.200
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest TL: Interest @
3.20% above Base Rate which is presently 10%, Present Effective Rate 13.20%
p.a. or the rate as may be Agreed by the Bank from time to time. Terms of Repayment As per Agreement
with the Bank Margin Term Loan 28%,
Project LC 25% Extent and Operation of the charge Details of
Facilities (Rs. in Millions): Term Loan 317.800, FCL 05.400, LC (271.700),
Total Rs.323.200 Millions. Charge on
hypothecated assets and mortgaged properties shall continue till full repayment
of Loan. |
|
Short particulars
of the property charged |
Hypothecation of
Entire Fixed Assets, except Factory Land and Building, installed at the
Factory/Movable. Hypothecation
charge over the entire current assets of the Company. Mortgage of Factory
Building at the project mentioned below to be constructed out of Bank
Finance, owned by HDCPL. Description of
Land: Factory Land
adm.8.32 Ha situated at Gat No.145 Vill. Mangloor, Tal. Maval, District Pune
owned by Hasmukh B. Jain. Mortgage of
Immovable Properties owned by Director, Hasmukhlal Babulal Jain : 1) All that piece
and parcels of the land lying and being at Gat No.145, adm.area of 5 Hectors
76.2R sit. at Mouje Mangrul, Tal. Maval, District Pune together with all appurtances and
easementary rights Thereto along
with the existing and future construction of Factory Buildings and Workshop
sheds constructed thereon. 2) All that piece
and parcel of the land lying and being at Flat No.17,exclusive Vth Floor adm. area of 1582
Sq. Ft./172.18 Sq. Mtrs. with terrace 4183 Sq.Ft./388.94 Sq. Mtrs. with four
car parking Nos.16,19,22,24 totally adm. area 400 Sq. Ft./37.16 Sq. Mtrs. and
Scooter parking Nos.1 to 23 scheme Isha Palace, Plot
No.6B, S.No.557A, Final Plot No.473/6B (old), S.No.147 CTS No.97A/1 to 6
Munjeri (Gultekadi), Salisbury Park, Pune 37 togeher with all appurtances and
easementary rights. 3) All that piece
and parcels of the land lying and being at Twin Bunglow No.3B,Building
D(Family Unit No.6) adm. area of 1568 Sq. Ft./145.67 Sq. Mtrs.I and II floor,
Survey No.584,Hissa No.1,Sub Plot No.6, Corresponding CTS
No.3274, Scheme Hill View Apt. Condonium, Family Unit No.6,'D'Building
Gultekdi, Pune (wih1/2 undivided share and with rights in common area and
facilities) together with all appurtenances and easementary rights. |
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.59.71 |
|
|
1 |
Rs.90.59 |
|
Euro |
1 |
Rs.78.22 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.