|
Report Date : |
01.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
R. R. INNOVATIVE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-10, Kanmoor House 281/283, Narsinatha Street, Mumbai – 400009,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
10.04.2012 |
|
|
|
|
Com. Reg. No.: |
11-229370 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 50.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24233MH2012PTC229370 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR29267A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributor of Chemicals and Fertilizers. |
|
|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
-- |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of partnership concern started in the year 1988
with the name “R. R. Enterprise” and later in the year 2012 it got converted
into private limited company. It is having a moderate track record.
Mr. Rajan Rajnikant Gandhi Director has provided all information and
confirmed that the company has achieved an healthy turnover are not verified. However, trade relations are reported as fair. Business is active. Payments
are slow but correct. 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 PARTED BY
|
Name : |
Mr. Rajan Rajnikant Gadhia |
|
Designation : |
Director |
|
Contact No.: |
91-9820303034 |
|
Date : |
31.05.2013 |
LOCATIONS
|
Registered Office : |
B-10, Kanmoor House 281/283, Narsinatha Street, Mumbai – 400009,
Maharashtra, India |
|
Tel. No.: |
91-22-61207777 |
|
Mobile No.: |
91-9820303034 (Mr. Rajan Rajnikant Gadhia) |
|
Fax No.: |
91-22-61207760/ 70 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Administrative and Marketing
Office : |
B-9/10, Ground Floor, "Kanmoor House", 281/87, Narsi Natha Street, Masjid Bunder (West), Mumbai - 400009, Maharashtra, India |
|
Tel. No.: |
91-22-61207777 |
|
Fax No.: |
91-22-61207760 / 70. |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Office No.8-3-167/D/31, 2nd Floor,Venture-1, Near Central Bank of India, Hyderabad - 500038, Andhra Pradesh, India |
|
Tel. No.: |
91-40-40123370/ 40153370 |
|
Fax No.: |
91-40-40023360 |
|
E-Mail : |
DIRECTORS
As on: 28.03.2012
|
Name : |
Mr. Rajan Rajnikant Gadhia |
|
Designation : |
Director |
|
Address : |
502, Wing A, CTS No. 1192, Of Versova VLG, Andheri (West), Mumbai –
400061, Maharashtra, India |
|
Date of Birth/Age : |
15.10.1970 |
|
Date of Appointment : |
10.04.2012 |
|
DIN No.: |
05183460 |
|
|
|
|
Name : |
Mr. Mahesh Gadhia Rajnikant |
|
Designation : |
Director |
|
Address : |
405, 4th Floor, Shree Panchvati CHS Limited. Panch Marg,
Versova, Off Yari Road, Andheri (West), Mumbai - 400061, Maharashtra,
India |
|
Date of Birth/Age : |
06.09.1972 |
|
Date of Appointment : |
10.04.2012 |
|
DIN No.: |
05183464 |
|
|
|
|
Name : |
Mr. Anand Rajnikant Gadhia |
|
Designation : |
Director |
|
Address : |
3, Pam Apartments CHS Limited, Panch Marg, Off Yari Road, Andheri
(West), Mumbai – 400061, Maharashtra, India
|
|
Date of Birth/Age : |
01.08.1975 |
|
Date of Appointment : |
10.04.2012 |
|
DIN No.: |
05200184 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.03.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rajan Rajnikant Gadhia |
|
1600000 |
|
Radhika Rajan Gadhia |
|
50000 |
|
Mahesh Rajnikant Gadhia |
|
1600000 |
|
Purvi Rajnikant Gadhia |
|
50000 |
|
Rajnikant Nandlal Gadhia |
|
50000 |
|
Anand Rajnikant Gadhia |
|
1600000 |
|
Nikita Anand Gadhia |
|
50000 |
|
Total |
|
5000000 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Chemicals and Fertilizers. |
|
|
|
|
Products : |
· Acetonitrile · Aluminium Chloride · Ammonium Bicarbonate · Boric Acid · Caprolactum · Carbon Tetra Chloride · Caustic Potash Flakes / LYE · Chloroform · Cyclohexane · Cyclohexanone · Dimethyl Carbonate (DMC) · Dimethyl Sulfoxide (DMSO) · Epichlorohydrin · Ethylene Di Chloride · Gum Rosin · Hydrochloric Acid · Methanol · Methyl Iso Butyl Ketone · Nhexane · Phosphoric Acid · Potassium Carbonate · Sodium Borohydride · Sodium Cyanide · Sodium Metal · Toluene |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days and 60 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days and 60 days) |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
70 (Approximately) |
|
|
|
|
Bankers : |
Standard Chartered Bank, SME Credit, Crescenzo, 3A/F, Plot No. C-38 and 39, G. Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India Tel No.: 91-22-26757033 |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vyas and Joshi Chartered Accountants |
|
Address: |
Mumbai, Maharashtra, India |
|
|
|
|
Sister Concern : |
R. Nandlal and Sons |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
5200.000 |
Expected Sales (2013-14): More than Rs. 6000.000 Millions
R.
R. Enterprise (Partnership Concern)
|
Particulars |
|
31.03.2012 |
31.03.2011 |
|
Sales Turnover (Approximately) |
|
4500.000 |
4200.000 |
The above information has been parted by Mr. Rajan Rajnikant Gadhia
(Director)
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 |
Yes |
|
12] |
Profitability for last three years |
No |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
Yes |
|
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] |
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24233MH2012PTC229370 |
|
Name of the
company |
R. R. INNOVATIVE
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
B-10, Kanmoor House 281/283, Narsinatha Street, Mumbai – 400009,
Maharashtra, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property |
|
Particular of charge
holder |
Standard Chartered Bank, SME Credit, Crescenzo, 3A/F, Plot no. C-38 and 39, G. Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India |
|
Nature of instrument
creating charge |
Memorandum of
Entry |
|
Date of
instrument Creating the charge |
04.10.2012 |
|
Amount secured by
the charge |
Rs. 420.000
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. Extent and Operation of the charge The Bank is having first and exclusive charge on the security given by the Company. The security is towards the credit facilities sanctioned to- 1) The Company - Rs.225.000 Millions. 2) R Nandlal and Sons - Rs.195.000 Millions Total Rs.420.000 Millions. Others |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First and exclusive charge on commercial property located at B/10, Kanmoor House, 281/87, Narsinatha Street, Masjid Bunder, Mumbai 400 009. |
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. 56.50 |
|
|
1 |
Rs. 86.01 |
|
Euro |
1 |
Rs. 73.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
|
--DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.