MIRA INFORM REPORT

 

 

Report No. :

319282

Report Date :

29.04.2015

 

IDENTIFICATION DETAILS

 

Name :

ALLIANCE SUPER FINE INDUSTRIES LIMITED

 

 

Registered Office :

14, Rayfreda, Chakala Mahakali Caves Road, Above Standard Chartered Bank, Andheri (East), Mumbai – 400 093, Maharashtra

Tel. No.:

91-22-26872066

 

 

Country :

India

 

 

Financials (as on) :

Not Available

 

 

Date of Incorporation :

15.03.2011

 

 

Com. Reg. No.:

11-214790

 

 

Capital Investment / Paid-up Capital :

Rs.15.290 million

 

 

CIN No.:

[Company Identification No.]

U51101MH2011PLC214790

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Manufacturer of Polyester Textured Yarn (PTY).

 

 

No. of Employees :

15 (Approximately)  

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (11)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is a company with limited operational history incorporated in the year 2011.

 

Management remained non-cooperative and denied information to us.

 

Management of the company has not filed any financial with Government Department since its inception.

 

As per registry business is active. Payments are reported to be unknown.

 

The company can be considered for business dealings 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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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 (GENERAL DETAILS)

 

Name :

Mr. Sachin

Designation :

Accountant

Contact No.:

91-22-26872066

Date :

24.04.2015

 

 

LOCATIONS

 

Registered Office :

14, Rayfreda, Chakala Mahakali Caves Road, Above Standard Chartered Bank, Andheri (East), Mumbai – 400 093, Maharashtra, India

Tel. No. :

91-22-26872066/ 26872068 

Fax No. :

Not Available

E-Mail :

uday@allianceind.in

rajesh@allianceind.in

Website :

http://alliancesuperfine.com

Location :

Owned

 

 

Factory :

S.No.211, Plot No.10-A, Government Industrial Estate, Phase II, Pipara, Silvassa, Dadra and Nagar Haveli (UT), India

 

 

DIRECTORS

 

Name :

Mr. Uday Tilakraj Mehra

Designation :

Director

Address :

Mehra House, 10/2, Azad Nagar Society, N.S. Road No.1, Juhu Vile Parle Scheme, Mumbai – 400 056, Maharashtra, India

Date of Birth/Age :

25.03.1970

Date of Appointment :

15.03.2011

DIN No. :

01298332

 

 

Name :

Mr. Rajesh Atmanand Agarwal

Designation :

Director

Address :

S/3/101, 5 Sunder Nagar, S.V. Road, Malad (West), Mumbai – 400 064, Maharashtra, India

Date of Birth/Age :

28.01.1972

Date of Appointment :

15.03.2011

DIN No.:

01993653

 

 

Name :

Mr. Bhupendra Ghanshyamdas Rathi

Designation :

Director

Address :

H-103, Neel Kamal CHS, Near Mansarovar Building, Chincholi Phatak Road, Mumbai – 400 064, Maharashtra, India

Date of Appointment :

11.08.2014

DIN No. :

06947225

 

 

KEY EXECUTIVES

 

Name :

Mr. Sachin

Designation :

Accountant

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 27.12.2010

 

Names of Shareholders

 

No. of Shares

Percentage of holding

Rajesh Agrawal

500000

49.31

Aashita Mehra

500000

49.31

Vinay Tibrewal

10000

0.98

Uday Mehra

1000

0.10

Krishna Agrawal

1000

0.10

Robin Agrawal

1000

0.10

Tilak Raj Mehra

1000

0.10

Total

1014000

100.00

 

 

AS ON 28.02.2013

 

Names of Allottees

 

No. of Shares

Aashita Uday Mehra

425000

Rajesh Atmanand Agrawal

90000

Total

515000

 

                 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Polyester Textured Yarn (PTY).

 

 

Products :
  • Semi Dull Raw
  • Color Yarns
  • Twisted Yarns
  • Polyester
  • Super Micro Yarns

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash

 

 

Purchasing :

Cash 

 

 

PRODUCTION STATUS – NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Manufacturer and Others

 

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees :

15 (Approximately)  

 

 

Bankers :

Banker Name

HDFC Bank Limited

Branch Address

HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

Bank of India, Bullion Exchange, 185, Shaikh Memon Street, Mumbai – 400 002, Maharashtra, India

 

Auditors :

 

Name :

MNRD and Associates

Chartered Accountants

Address :

Room No.2, 3rd Floor, Abbas Manzil, Sahar Road, Andheri (East), Mumbai – 400 099, Maharashtra, India

E-Mail :

info@mnrd.in

PAN No.:

AANFM0177B

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Divulged

 

 

CAPITAL STRUCTURE

 

Authorised Capital :

No. of Shares

Type

Value

Amount

2000000

Equity Shares

Rs.10/- each

Rs.20.000 million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

1529000

Equity Shares

Rs.10/- each

Rs.15.290 million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

NOT DIVULGED

 

The above information has been declined by Mr. Sachin (Accountant).

 

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

10341670

14/06/2012 *

28,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA

B44038594

2

10318609

29/09/2011

3,000,000.00

BANK OF INDIA

BULLION EXCHANGE BRANCH,185 SHEIKH MEMON STEET, ZAVERI BAZAR, MUMBAI, MAHARASHTRA - 400002, INDIA

B25676503

3

10348380

02/01/2013 *

128,390,000.00

BANK OF INDIA

BULLION EXCHANGE BRANCH, 185, SHAIKH MEMON STREET, ZAVERI BAZAR, MUMBAI, MAHARASHTRA - 400002, INDIA

B68083153

 

* 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, India Prisons Service, Interpol, etc.

 

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.63.33

UK Pound

1

Rs.96.52

Euro

1

Rs.68.93                                                                 

 

 

INFORMATION DETAILS

 

Information Gathered by :

REK

 

 

Analysis Done by :

SUC

 

 

Report Prepared by :

SMN

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

2

PAID-UP CAPITAL

1~10

2

OPERATING SCALE

1~10

1

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

1

-- PROFITABILITY

1~10

1

--LIQUIDITY

1~10

1

--LEVERAGE

1~10

1

--RESERVES

1~10

1

--CREDIT LINES

1~10

1

--MARGINS

-5~5

-

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

11

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

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

 

--

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.