|
Report Date : |
14.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
ASTA CERAMIC PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
S. No.314/P2P, Opposite Bela Gam, Near Smile, Ial Morbi, Rangpar –
363642, Gujarat |
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Country : |
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Date of
Incorporation : |
13.04.2013 |
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Com. Reg. No.: |
074485 |
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Capital
Investment / Paid-up Capital : |
Rs.49.500 Millions |
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|
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CIN No.: [Company Identification
No.] |
U26933GJ2013PTC074485 |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Ceramic Tiles and Wall Tiles. |
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No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Business |
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|
|
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Payment Behaviour : |
Unknown |
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|
|
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Litigation : |
Clear |
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Comments : |
Subject is a new company incorporated on 13.04.2013, and it is
establishing itself gradually. Mr. Malkesh Bavarava, Director has provided general information and
also informed that company has started its activity from December, 2013. Trade relations are improving. Business is active. Payment terms are
un 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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services sector
activity witnessed a moderate improvement in November over the previous month,
even while indicating the fifth successive monthly contraction, according the
HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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. Malkesh Bavarava |
|
Designation : |
Director |
|
Contact No.: |
91-9879492244 |
|
Date : |
02.01.2014 |
LOCATIONS
|
Registered Office : |
S. No.314/P2P, Opposite Bela Gam, Near Smile, Ial Morbi, Rangpar –
363642, Gujarat, India |
|
Tel. No.: |
91-2822-288088 |
|
Mobile No.: |
91-9879492244 (Mr. Malkesh Bavarava) |
|
Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory : |
Jetpar Road, Opposite Bela Village, At Rangpar, Morbi – 363642,
Gujarat, India |
DIRECTORS
|
Name : |
Mr. Malkeshbhai Durlabhajibhai Bavarava |
|
Designation : |
Director |
|
Address : |
Amrut, Alap Park Society, Plot No.120, Scientific Vadi Road, Morbi –
363641, Gujarat, India |
|
Date of Birth/Age : |
19.11.1980 |
|
DIN No.: |
06528406 |
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Email ID: |
|
|
|
|
|
Name : |
Mr. Bhavesh Kumar Sanandiya |
|
Designation : |
Director |
|
Address : |
Chitranagar, Near P G Clock, Sanala Road, Morbi – 363641, Gujarat,
India |
|
Date of Birth/Age : |
06.10.1981 |
|
DIN No.: |
06527999 |
|
Email ID: |
|
|
|
|
|
Name : |
Mr. Mahesh Balubhai Patel |
|
Designation : |
Director |
|
Address : |
201, Prasheel Apartmnent, Gautam Society, Ravapar Road, Morbi –
363641, Gujarat, India |
|
Date of Birth/Age : |
06.09.1985 |
|
DIN No.: |
02658481 |
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Email ID: |
|
|
|
|
|
Name : |
Mr. Rashmin Jayantilal Patel |
|
Designation : |
Director |
|
Address : |
102, Sattelite Tower, Opposite On Party Plot Ravapar Road, Morvi –
363641, Gujarat, India |
|
Date of Birth/Age : |
09.01.1983 |
|
DIN No.: |
06528009 |
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Email ID: |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 09.04.2013)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Malkesh Bavarava |
|
45500 |
|
Mukesh Bavarava |
|
3500 |
|
Bhavesh Sanandiya |
|
3500 |
|
Yogesh Sanandiya |
|
3500 |
|
Harsath Patel |
|
3500 |
|
Mahesh Patel |
|
3500 |
|
Rashmi Patel |
|
3500 |
|
Jignesh Patel |
|
3500 |
|
|
|
|
|
Total |
|
70000 |
(AS ON 07.10.2013)
|
Names of Allottee |
|
No. of Shares
Allotted |
|
|
|
|
|
Bhaveshkumar Govindbhai Sanandiya |
|
240000 |
|
Govindbhai Maganbhai Sanandiya |
|
145000 |
|
Kailashben Yogeshbhai Sanandiya |
|
94100 |
|
Madhvjibhai Balubhai Barasara |
|
79000 |
|
Mansukhbhai Tribhovanbhai Panchotiya |
|
99000 |
|
Narottambhai Prabhubhai Sanandiya |
|
138500 |
|
Vashrambhai Maganbhai Patel |
|
79000 |
|
Pintuben Bhaveshbhai Sanandiya |
|
99000 |
|
Rajeshriben Bharatbhai Patel |
|
49500 |
|
Rajnikant Mansukhbhai Panchotiya |
|
89000 |
|
Yogeshbhai Govindbhai Sanandiya |
|
92500 |
|
Bharatbhbai Balubhai Patel |
|
50000 |
|
Ganeshbhai Arjanbhai Detroja |
|
155000 |
|
Ganeshbhai Dharamshibhai Patel |
|
176400 |
|
Hasmukh Ganeshbhai Patel |
|
292000 |
|
Kantilal Ganeshbhai Patel |
|
110000 |
|
Maganbhai Mabjibhai Kalola |
|
175000 |
|
Manish Ganesh Bhai Patel |
|
50000 |
|
Rajeshbhai Ganeshbhai Patel |
|
110000 |
|
Alpaben Manilal Bavarva |
|
192000 |
|
Durlabhjibhai Vittal Bhai Bavarava |
|
60000 |
|
Gauriben Durlabhjibhai Bavarva |
|
51300 |
|
Gitaben Mukeshbhai Bavarva |
|
124000 |
|
Malkesh Durlabhji Bavarva |
|
176000 |
|
Mukesh Malkeshbhai Bavarva |
|
111500 |
|
Nitaben Malkeshb hai Bavarva |
|
75500 |
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Thakarsibhai Sundarjibhai Chadamiya |
|
95800 |
|
Daxaben Jigneshbhai Patel |
|
235000 |
|
Jayntilal Hiralal Patel |
|
26400 |
|
Jignesh Jayntilal Patel |
|
296500 |
|
Parulben Rashminbhai Patel |
|
195000 |
|
Rashminbhai Jayntilal Patel |
|
266500 |
|
|
|
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Total |
|
4228500 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ceramic Tiles and Wall Tiles. |
|
|
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
150 (Approximately) |
|
|
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Bankers : |
· State Bank of India Near Omkar Petroleum, 8-A, National Highway, Lalpar, Morbi – 363642,
Gujarat, India |
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|
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Facilities : |
-- |
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Banking Relations
: |
-- |
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Auditors : |
|
|
Name : |
Nanalal P. Adial Chartered Accountants |
|
Address : |
Morbi, Gujarat, India |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5250000 |
Equity Shares |
Rs.10/- each |
Rs.52.500 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4950000 |
Equity Shares |
Rs.10/- each |
Rs.49.500
Millions |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
NOTE: Activity Started from December, 2013.
The above information has been parted by Mr. Malkesh Bavarava.
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 |
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 |
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 |
----- |
|
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10459407 |
14/10/2013 |
115,000,000.00 |
STATE BANK OF
INDIA |
NR. OMKAR
PETROLEUM, 8-A, NATIONAL HIGHWAY, LALPAR, MORBI, GUJARAT - 363642, INDIA |
B89228498 |
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.61.52 |
|
|
1 |
Rs.101.48 |
|
Euro |
1 |
Rs.84.11 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
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.