|
Report Date : |
21.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
IMPERUS CERAMIC PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8/9, Dharmasiddhi
Complex, Opposite Nirmal
Jyoti Complex, 8-A, National Highway, Morbi - 363642,
Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Date of
Incorporation : |
23.04.2013 |
|
|
|
|
Com. Reg. No.: |
04-074676 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 50.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26933GJ2013PTC074676 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTI00551F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of wall tiles, digital tiles, ceramic tiles,
handmade tiles. |
|
|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
NB |
New Business |
|
|
Status : |
New company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company incorporated during 23rd April
2013, and it is establishing itself gradually. Mr. Vikram Ashar,
Director has provided general information to us and claimed that the company
has started its commercial operation from its incorporation. Further he
claimed that company has achieved sales turnover of Rs.
20.000 Millions in its first year of business which not verified. Trade relations are improving. Business is active. Payment terms are
unknown. The company can be considered for business dealing on 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of 4.9
%, Fitch Rating said. The global rating agency expects the economy to pick up
in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor
international report.
There is a $29.34 bn outward foreign direct investment by domestic companies
between April and January of 2013/14 which has seen some signs of recovery
according to a Care Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to
raise $ 500 million via a US initial public offering. Alibaba,
which owns a stake in Weibo is expected to raise
about $ 15 billion New York this year in the highest profile Internet IPO since
Facebook’s in 2012.
Bharti Airtel has raised
Rs.2,453.2 crore (350 million Swiss Francs) by
selling six-year bonds at a coupon rate of three per cent and maturing in 2020.
This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss
Francs by selling five year bonds at 2.98 % coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost
complete Paradip refinery in Odhisha
in three to four years. The company board is set to consider the setting up of
a 700000 tonne per annum polypropylene plant at an
estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye
Labs-Facebook type deals in the making.
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. Vikramkumar Chandrakant
Ashar |
|
Designation : |
Director |
|
Contact No.: |
91-9825224913 |
|
Date : |
09.05.2014 |
LOCATIONS
|
Registered Office : |
8/9, Dharmasiddhi
Complex, Opposite Nirmal
Jyoti Complex, 8-A, National Highway, Morbi - 363642,
Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9825224913 (Mr. Vikramkumar Chandrakant Ashar) 91-9825121615 (Mr. Dipakkumar
Virjibhai Moradiya) |
|
Fax No.: |
91-2822-240769 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Survay No. 497, Kajaria Sanitarywares, Morvi-Jetpur
Road, At Jashmagadh, Morbi
- 363642, Gujarat, India |
DIRECTORS
AS ON 20.04.2013
|
Name : |
Mr. Vikramkumar Chandrakant
Ashar |
|
Designation : |
Director |
|
Address : |
Milan Park Shobheshwar Road, Morbi – 363641, Gujarat,
India |
|
Date of Birth/Age : |
27.11.1977 |
|
Date of Appointment : |
23.04.2013 |
|
DIN No.: |
00815725 |
|
|
|
|
Name : |
Mr. Dipakkumar Virjibhai Moradiya |
|
Designation : |
Director |
|
Address : |
Vidhyutnagar, Ravapar Road, Morbi – 363641, Gujarat,
India |
|
Date of Birth/Age : |
26.01.1977 |
|
Date of Appointment : |
23.04.2013 |
|
DIN No.: |
02711572 |
|
|
|
|
Name : |
Mr. Ashakally Esmail
Rahemani |
|
Designation : |
Director |
|
Address : |
Praninagar, Morbi – 30, Morbi - – 363641, Gujarat, India |
|
Date of Birth/Age : |
12.10.1952 |
|
Date of Appointment : |
23.04.2013 |
|
DIN No.: |
02711552 |
|
|
|
|
Name : |
Mr. Deepak Dhanjibhai Detroja |
|
Designation : |
Director |
|
Address : |
At. Lalapar, Taluka
Morbi, District: Rajkot, Morbi – 363641, Gujarat,
India |
|
Date of Birth/Age : |
16.12.1980 |
|
Date of Appointment : |
23.04.2013 |
|
DIN No.: |
03086945 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 20.04.2013
|
Names of Shareholders |
|
No. of Shares |
|
Vikramkumar
Ashar |
|
17,500 |
|
Ashakally
Rahemani |
|
17,500 |
|
Dipakkumar
Moradiya |
|
17,500 |
|
Deepak Detroja |
|
17,500 |
|
|
|
|
|
Total |
|
70,000 |
Date of Allottees 15.10.2013
|
Names of Allottees |
|
No. of Shares |
|
Anantbhai Laxmanbhai Detroja |
|
100000 |
|
Ashaben Chandrakantbhai Ashar |
|
150000 |
|
Aziz Fidaali Rehamani |
|
100000 |
|
Bharatbhai Durlabhjibhai Rangpariya |
|
53000 |
|
Bhavesh Shankarbhai Detroja |
|
75000 |
|
Binaben Dipakbhai Mordiya |
|
300000 |
|
Chandrakant Narandas Ashar |
|
200000 |
|
Dayalal Karamshibhai Rajpara |
|
100000 |
|
Dhanjibhai Chhaganbhai Detroja |
|
90000 |
|
Dipakbhai Dhanjibhai detroja |
|
172500 |
|
Dipakbhai Virjibhai Moradiya |
|
132500 |
|
Durlabhajibhai Khimjibhai
Rangpariya |
|
32000 |
|
Fida Ali Esmaiali Rehmani |
|
50000 |
|
Gauriben Kanjibhai Detroja |
|
25000 |
|
Jayeshbhai Odhavjibhai Kasundra |
|
50000 |
|
Jayshreeben Dipakbhai Detroja |
|
15000 |
|
Kanjibhai Chhaganbhai Detroja |
|
80000 |
|
Kishorbhai Amarshibhai
Patel |
|
150000 |
|
Kishorbhai Kanjibhai Detroja |
|
90000 |
|
Manishaben Rajeshbhai Detroja |
|
25000 |
|
Manojbhai Narshibhai Moradiya |
|
300000 |
|
Mansukhbhai Ambarambhai Detroja |
|
75000 |
|
Narmadaben dayabhai Rajpara |
|
50000 |
|
Nurjaha Fidaali Rehamani |
|
100000 |
|
Nikitaben Vikarambhai Ashar |
|
150000 |
|
Nileshbhai drlabhji |
|
105000 |
|
Nileshbhai Kanjibhai Detroja |
|
55000 |
|
Rajeshbhkaai Nileshbhai |
|
85000 |
|
Rajnibhai Rangpariya |
|
60000 |
|
Ramaben Jitendrabhai Moradiya |
|
300000 |
|
Ranjanben |
|
27500 |
|
Rashilaben Nileshbhai Detroja |
|
65000 |
|
Rohil Rehamani |
|
250000 |
|
Sangitaben Kishorbhai Detroja |
|
25000 |
|
Santoshkumar |
|
300000 |
|
Vijaybhai Dhanjibhai Detroja |
|
185000 |
|
Vinaben Detroja |
|
20000 |
|
Vinodbhai Detroja |
|
72500 |
|
Vikramkumar Chandrakant Ashar |
|
482500 |
|
Ashakally Esmail Rahemani |
|
232500 |
|
|
|
|
|
Total |
|
4930000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and exporter of wall tiles, digital tiles, ceramic tiles,
handmade tiles. |
|
|
|
|
Exports : |
|
|
Products : |
Digital tiles, Ceramic tiles |
|
Countries : |
·
Poland ·
UAE ·
Saudi Arabia |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers |
|
|
|
|
No. of Employees : |
70 (Approximately) |
|
|
|
|
Bankers : |
Oriental Bank of Commerce, Shop No. 17, 18, 19 and 20, Dharma Siddhi Complex, 8-A, National Highway, Trajpar, Morbi - 363642,
Gujarat, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
VTMC and Associates Chartered Accountants |
|
|
|
|
Associates/Subsidiaries : |
Sanford Private Limited |
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 |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
20.000 |
The above information has been parted by Mr. Vikramkumar
Chandrakant Ashar
(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 one year |
Yes |
|
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 |
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 |
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10453962 |
11/10/2013 * |
107,000,000.00 |
ORIENTAL BANK OF
COMMERCE |
Shop No. 17, 18, 19 and 20, Dharma Siddhi Complex, 8-A, National Highway, Trajpar, Morbi - 363642,
Gujarat, India |
B87328241 |
* Date of charge modification
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.58.75 |
|
|
1 |
Rs.98.77 |
|
Euro |
1 |
Rs.80.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
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.