MIRA INFORM REPORT
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Report No. : |
314758 |
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Report Date : |
01.04.2015 |
IDENTIFICATION DETAILS
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Name : |
ROBERTSHAW CONTROLS PRIVATE LIMITED (w.e.f. 02.01.2015) |
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Formerly Known
As : |
FOX APPLIANCE MANUFACTURERS PRIVATE LIMITED |
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Registered
Office : |
T 2840, Bal Rajeshwari
Road, Mulund (West), Indira Colony, Mumbai – 400 080, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Date of
Incorporation : |
26.02.2014 |
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Com. Reg. No.: |
11-253650 |
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Capital
Investment / Paid-up Capital : |
Rs.9.010 million |
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CIN No.: [Company Identification
No.] |
U29253MH2014PTC253650 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of manufacturing of appliances such as thermostats and defrost timers. |
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No. of Employees
: |
330 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is e new company incorporated during 26.02.2014 and
establishing itself gradually. Mr. Srikant Mokashi (Director) has provided us with all information.
Further, he also claimed that the company has started its business activity
from June 2014. Trade relations are fair. Business is active. Payment terms are
reported to be unknown. 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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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
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Name : |
Mr. Shrikant Bhalchandra Mokashi |
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Designation : |
Additional Director |
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Contact No.: |
91-20-66853300 |
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Date : |
31.03.2015 |
LOCATIONS
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Registered Office : |
T 2840, Bal Rajeshwari Road,
Mulund (West), Indira Colony, Mumbai – 400 080, Maharashtra, India |
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Tel. No. : |
91-20-66853300/ 13 |
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Fax No. : |
91-20-26631356 |
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E-Mail : |
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Factory : |
Gat No.197, Viman Nagar, Nagar Road, Haveli, Pune – 411 014, Maharashtra,
India |
DIRECTORS
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Name : |
Mr. Shrikant Bhalchandra Mokashi |
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Designation : |
Additional Director |
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Address : |
Flat
No.H-104, Mystique Moods Society, Airport Road, Viman Nagar, Pune – 411 014,
Maharashtra, India |
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Date of Birth/Age : |
09.06.169 |
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Date of Appointment : |
18.06.2014 |
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DIN No. : |
06894695 |
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Name : |
Mr. Aaron David Rachelson |
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Designation : |
Additional Director |
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Address : |
2007
W Churchill Street, Chicago Illinois, 60647, United States of America |
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Date of Birth/Age : |
11.12.1973 |
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Date of Appointment : |
18.06.2014 |
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DIN No. : |
06896476 |
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Name : |
Mr. Ramiro Vargas |
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Designation : |
Additional Director |
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Address : |
1442
W Edgewater Avenue, Chicago Illinois, 60660, United States of America |
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Date of Birth/Age : |
08.02.1967 |
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Date of Appointment : |
18.06.2014 |
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DIN No. : |
06896481 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 19.02.2014
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Names of Shareholders |
No. of Shares |
Percentage of
holding |
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Liya Antony |
5000 |
50.00 |
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Sreeram Kamalapriya Sreedharan |
5000 |
50.00 |
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Total |
10000 |
100.00 |
AS ON 20.06.2014
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Names of Allottee |
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No. of Shares |
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Fox Holding S.a.r.l., Luxembourg |
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891000 |
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Total |
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891000 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the business of manufacturing of appliances such as thermostats and defrost timers. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS – NOT
AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
330 (Approximately) |
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Bankers : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Walker Chandiok and Company Chartered Accountants |
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Address : |
Bund Garden Road, Pune, Maharashtra, India |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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901000 |
Equity Shares |
Rs.10/- each |
Rs.9.010 million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
NEW COMPANY
Expected Sales (2014-2015): Rs.600.000 million
The above information has been parted by Mr. Shrikant Bhalchandra Mokashi (Additional
Director).
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
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1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
No |
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5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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7] |
Promoter's background |
Yes |
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8] |
No. of employees |
Yes |
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9] |
Name of person contacted |
Yes |
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10] |
Designation of contact
person |
Yes |
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11] |
Turnover of firm for last
three years |
No |
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12] |
Profitability for last
three years |
No |
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13] |
Reasons for variation
<> 20% |
----- |
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14] |
Estimation for coming
financial year |
Yes |
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15] |
Capital in the business |
Yes |
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16] |
Details of sister
concerns |
No |
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17] |
Major suppliers |
Yes |
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18] |
Major customers |
Yes |
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19] |
Payments terms |
Yes |
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20] |
Export / Import details
(if applicable) |
Yes |
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21] |
Market information |
----- |
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22] |
Litigations that the firm
/ promoter involved in |
----- |
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23] |
Banking Details |
Yes |
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24] |
Banking facility details |
No |
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25] |
Conduct of the banking
account |
----- |
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26] |
Buyer visit details |
----- |
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27] |
Financials, if provided |
No |
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28] |
Incorporation details, if
applicable |
Yes |
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29] |
Last accounts filed at
ROC |
No |
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30] |
Major Shareholders, if
available |
Yes |
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31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
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32] |
PAN of Proprietor/Partner/Director,
if available |
No |
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33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
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34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
No Charges Exist for Company.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.59 |
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1 |
Rs.92.46 |
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Euro |
1 |
Rs.67.51
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INFORMATION DETAILS
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Information
Gathered by : |
PRT |
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
SMN |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.