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Report Date : |
22.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
Ramjee Concretes PRIVATE LIMITED |
|
|
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Registered
Office : |
House No. 824, HIG Quarters, Phase 2, SAS Nagar, Mohali, SAS Nagar - 160055, Punjab |
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Country : |
India |
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Date of
Incorporation : |
29.06.2012 |
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Com. Reg. No.: |
036398 |
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Capital
Investment / Paid-up Capital : |
Rs.0.500 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U14290PB2012PTC036398 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturers, Buyers, Sellers, Importers, Exporters, Transporters of of all type of construction material including concrete, readymade concrete mix, gypsum, cement, sand, fly ash, aggregate etc. |
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|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Status : |
New Business |
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|
|
|
Payment Behaviour : |
Unknown |
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|
Litigation : |
-- |
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|
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|
Comments : |
Subject is a new company establishing itself gradually. Mr. Harbhajan Saini, Account Head has denied to disclose any
information about the subject company. So no information could be made available. Payment terms are not
known. The company can be considered for business dealings on a safe and
secured 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.
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced controls
on foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of
persistently high inflation and interest rates and little progress on economic
reforms. High international crude prices have exacerbated the government's fuel
subsidy expenditures contributing to a higher fiscal deficit, and a worsening
current account deficit. Little economic reform took place in 2011 largely due
to corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
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
|
Name : |
Mr. Harbhajan Saini |
|
Designation : |
Account Head |
|
Contact No.: |
91-9814203459 |
|
Date : |
21.03.2013 |
LOCATIONS
|
Registered Office : |
House No. 824, HIG Quarters, Phase 2, SAS Nagar, Mohali, SAS Nagar - 160055, Punjab, India |
|
Mobile No.: |
91-9814203459 (Mr. Harbhajan Saini) |
DIRECTORS
|
Name : |
Mr. Lakhwinder Panag Singh |
|
Designation : |
Director |
|
Address : |
Flat No. 824, Hig Phase 2 Mohali Punjab 160055 India |
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Date of Birth/Age : |
13.07.1974 |
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DIN No.: |
01489845 |
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|
|
|
Name : |
Mr. Ramdeep Kaur |
|
Designation : |
Director |
|
Address : |
H NO. 824, Phase 2, HIG Quarters Tehsil & District SAS Nagar SAS
Nagar – 160055, Punjab, India |
|
Date of Birth/Age : |
17.11.1976 |
|
DIN No.: |
05314316 |
KEY EXECUTIVES
|
Name : |
Mr. Harbhajan Saini |
|
Designation : |
Account Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.06.2012
|
Names of Shareholders |
|
No. of Shares |
|
Lakhwinder Panag Singh |
|
25000 |
|
Ramdeep Kaur |
|
25000 |
|
Total |
|
50000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers, Buyers, Sellers, Importers, Exporters, Transporters of of all type of construction material including concrete, readymade concrete mix, gypsum, cement, sand, fly ash, aggregate etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
Axis Bank Limited, SCO 343-344, II Floor, Sec 35B, Chandigarh -
160022, Chandigarh, India |
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|
|
|
Facilities : |
-- |
|
|
|
|
Financial
Institution: |
SREI Equipment Finance Private Limited, 'Vishwakarma', 86c, Topsia
Road, Kolkata - 700046, West Bengal, India |
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|
|
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Banking
Relations : |
-- |
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|
|
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- |
Rs.0.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- |
Rs.0.500 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW BUSINESS
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 |
No |
|
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 |
No |
|
27] |
Financials, if provided |
No |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
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 |
U14290PB2012PTC036398 |
|
Name of the
company |
Ramjee Concretes
Private Limited |
|
Address of the
registered office or of the principal place of business in |
House No. 824,
HIG Quarters Phase 2, SAS Nagar, Mohali SAS Nagar 160055, Punjab, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Others |
|
Particular of
charge holder |
Axis Bank Limited |
|
Nature of
instrument creating charge |
Hypothecation deed
(Attached) towards hypothecation of stock and debtors (future and present) |
|
Date of
instrument Creating the charge |
26/02/2013 |
|
Amount secured by
the charge |
Rs.10.000
millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Base Rate + 3.75%
i.e. presently at 13.75% p.a. payable monthly Terms of
Repayment On Demand Margin 25% on stock
& receivables Extent and
Operation of the charge 100% |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First Charge by
way of hypothecation of stocks and other current assets both present and
future EM of vacant industrial property situated at Plot No. 776, Sec-82,
Ind. Area, JLPL, SAS Nagar measuring 500 sq yds in the name of Ramdeep Kaur
as per title deed bearing no. 3252 dated 10.12.12 Personal Guarantee of
Lakhwinder Singh Panag and Ramdeep Kaur |
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.54.28 |
|
|
1 |
Rs.82.06 |
|
Euro |
1 |
Rs.70.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYN |
|
|
|
|
Report Prepared
by : |
SDA |
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.