|
Report Date : |
05.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
CHAITANYA ENTERPRISES |
|
|
|
|
Registered
Office : |
Plot No. 1466, Jawahar Industrial Estate, Near Eastern Petroleum,
Kamothe, Navi Mumbai – 410209, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Year of
Establishment : |
August 2014 |
|
|
|
|
Capital
Investment : |
Not Divulged |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
ANTPG6394D |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Processing of Flanges. |
|
|
|
|
No. of Employees
: |
5 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new proprietary business establishing itself gradually. Trade relations are improving. Business is active. Payment terms are
reported as slow but correct. In view of infancy, the concern 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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest Euro
100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated losses,
recently approached the Delhi high court for relief in two separate cases. The
airline challenged a notice by Punjab & National Bank alleging that it had
willfully defaulted on Rs 7700 mn of loans and sought more time to comply with
the requirements under the listing agreements with the Stock Exchanges.
OnMobile likely to sack another 300 employees. The
lay-offs follow a spate of senior-level exits over the past two years, starting
with of its founder. The overall lay-offs could number around 600 and are
driven by the need to cut costs, says a former employee.
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Sunil Mohan Gaikwad |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9004404858 |
|
Date : |
05.12.2014 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 1466, Jawahar Industrial Estate, Near Eastern Petroleum,
Kamothe, Navi Mumbai – 410209, Maharashtra, India |
|
Tel. No.: |
91-22-65644100 |
|
Mobile No.: |
91-9004404858 [Mr. Sunil Mohan Gaikwad] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr. Sunil Mohan Gaikwad |
|
Designation : |
Proprietor |
|
Address : |
Flat A/401, Siddhivinayak CHS, Plot No. 36, Sector 1 / E, Kalamboli, Navi Mumbai – 410218, Maharashtra, India |
|
Date of Birth/Age : |
30.11.1984 |
|
Qualification : |
HSC |
|
Experience : |
1 Year |
|
PAN No.: |
ANTPG6394D |
BUSINESS DETAILS
|
Line of Business : |
Processing of Flanges. |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit [90 Days] |
|
|
|
|
Purchasing : |
Credit [90 Days] and Others |
GENERAL INFORMATION
|
Suppliers/ Customers : |
Others
· Shivam Enterprises Contact Person: Mr. Dinesh
Atale Contact No.: 91-9920050115 |
||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||
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No. of Employees : |
5 (Approximately) |
||||||||||||||||||||||||||||
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Bankers : |
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||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||
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Facilities : |
-- |
||||||||||||||||||||||||||||
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|
|
Auditors : |
|
|
Name : |
K.S. Sunder and Company Chartered Accountants |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are in
Rupees Millions]
|
PARTICULARS |
|
|
August
2014 to Till Date |
|
Sales Turnover (Approximately) |
|
|
1.200 |
|
|
|
|
|
The above information has been parted by Mr. Sunil Mohan Gaikwad
[Proprietor]
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
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 months |
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
25] |
Conduct of the banking
account |
Yes |
|
26] |
Buyer visit details |
-- |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
------------------------------------------------------------------------------------------------------------------------------
PROVISIONAL BALANCE SHEET
MR. SUNIL MOHAN GAIKWAD
[PROPRIETOR OF CHAITANYA ENTERPRISES]
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
31.03.2016 |
01.09.2014 to
31.03.2015 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Capital |
|
0.595 |
0.660 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Profit and Loss Account |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
0.595 |
0.660 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
0.595 |
0.660 |
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.541 |
0.636 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
0.018 |
0.010 |
|
|
Other Current Assets |
|
0.025 |
0.025 |
|
|
Loans & Advances |
|
0.085 |
0.085 |
|
Total
Current Assets |
|
0.128 |
0.120 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
0.074 |
0.096 |
|
Total
Current Liabilities |
|
0.074 |
0.096 |
|
|
Net Current Assets |
|
0.054 |
0.024 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
0.595 |
0.660 |
|
------------------------------------------------------------------------------------------------------------------------------
PROVISIONAL PROFIT & LOSS ACCOUNT
MR. SUNIL MOHAN GAIKWAD
[PROPRIETOR OF CHAITANYA ENTERPRISES]
(RS. IN MILLIONS)
|
|
PARTICULARS |
|
31.03.2016 |
01.09.2014 to
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Scrap Sales |
|
1.837 |
0.801 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL |
|
1.837 |
0.801 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Purchase |
|
0.385 |
0.000 |
|
|
|
Salary and Wages |
|
0.149 |
0.043 |
|
|
|
Travelling and Conveyance |
|
0.038 |
0.011 |
|
|
|
Telephone Expenses |
|
0.007 |
0.004 |
|
|
|
Labour Charges |
|
0.858 |
0.462 |
|
|
|
Shop rent |
|
0.084 |
0.042 |
|
|
|
Repairs and Maintenance |
|
0.029 |
0.019 |
|
|
|
Professional Fess |
|
0.005 |
0.005 |
|
|
|
Other Expenses |
|
0.002 |
0.008 |
|
|
|
TOTAL |
|
1.557 |
0.594 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE DEPRECIATION AND AMORTISATION |
|
0.280 |
0.207 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.095 |
0.052 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
0.185 |
0.155 |
|
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
(RS. IN MILLIONS)
1. MACHINE LIST AT
THEIR WORK SHOP AT KAMOTHE MIDC AS FOLLOWS:
|
MACHINE LIST AND
COST SR. |
MACHINE TYPE |
UNIT |
DIMENSION |
PRICE PER UNIT |
TOTAL AMOUNT IN
MILLIONS |
|
|
|
|
|
|
|
|
1 |
Punjab Length Machine |
3 |
Length 8’ and Center Height 14” |
Rs. 150000/- |
0.450 |
|
|
|
|
|
|
|
|
2 |
Punjab Length Machine |
2 |
Length 6’ and Center Height 10” |
Rs. 70000/- |
0.140 |
|
|
|
|
|
|
|
|
3 |
Drill Machine (Prakash) |
1 |
-- |
Rs. 60000/- |
0.060 |
|
|
|
|
|
|
|
|
4 |
Drill Machine (Prakash) |
1 |
-- |
Rs. 30000/- |
0.030 |
|
|
|
|
|
|
|
|
5 |
Wielding Machine |
1 |
-- |
Rs. 5000/- |
0.005 |
|
|
|
|
|
|
|
|
6 |
Grinder Machine |
1 |
-- |
Rs. 3000/- |
0.003 |
|
|
|
|
|
|
|
|
|
TOTAL |
|
|
|
0.688 |
2. THEY OWN 2
CHEVROLET TAVERA AND VEHICLE LIST AS FOLLOWS:
|
PARTICULARS |
AMOUNT IN
MILLIONS |
|
MH46 D 100 [Make Year - 2011] |
0.660 |
|
|
|
|
MH46 D 1000 [Make Year - 2012] |
0.790 |
------------------------------------------------------------------------------------------------------------------------------
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 records 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. 61.88 |
|
|
1 |
Rs. 97.02 |
|
Euro |
1 |
Rs. 76.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
BVA |
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.