MIRA INFORM REPORT

 

 

Report No. :

327120

Report Date :

13.06.2015

 

IDENTIFICATION DETAILS

 

Name :

KGR ENTERPRISES PRIVATE LIMITED

 

 

Registered Office :

815, 8th Floor, Corporate Centre, Nirmal Lifestyle, L.B.S. Marg, Mulund (West), Mumbai – 400 080, Maharashtra

Tel. No.:

91-22-25922184

 

 

Country :

India

 

 

Financials (as on) :

Not Available

 

 

Date of Incorporation :

24.04.2013

 

 

Com. Reg. No.:

11-242402

 

 

Capital Investment / Paid-up Capital :

Rs.25.000 million

 

 

CIN No.:

[Company Identification No.]

U51900MH2013PTC242402

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Dealer and Distributor of all kinds of electronic equipment, telecommunication and telecom equipments.

 

 

No. of Employees :

Information declined by the Management.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (12)

 

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 :

Mr. Dilip Sachdev (Account Department) claimed that subject was established as a proprietary concern in the year 2006 namely “KGR Enterprises”, later on it got converted into a Private Limited Company with name “KGR Enterprises Private Limited” on 24th April 2013. Further he claimed that activity was started as a private limited company on July 2013.

 

Management of the company has failed to file its financials to the government department for the year ending 2014.

 

However, business is active as per status shown in registrar of company.

 

In a view of absence of financial information, the company can be considered for business dealings with fully 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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

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 31-03-2013.

 

INFORMATION DECLINED BY

 

Name :

Mr. Dilip Sachdev

Designation :

Account Department

Contact No.:

91-22-25922184

Date :

13.06.2015

 

 

LOCATIONS

 

Registered Office :

815, 8th Floor, Corporate Centre, Nirmal Lifestyle, L.B.S. Marg, Mulund (West), Mumbai – 400 080, Maharashtra, India

Tel. No.:

91-22-25922184/ 25922185

Fax No.:

91-22-25922188

E-Mail :

accounts@kgrindia.com

kailash@kgrindia.com

 

 

DIRECTORS

 

Name :

Mr. Kailash Prakash Karamchandani

Designation :

Director

Address :

B-602, Silver Oaks, Near Swapna Nagari, Mulund (West), Mumbai – 400 080, Maharashtra, India

Date of Birth/Age :

15.04.1976

Date of Appointment :

24.04.2013

DIN No.:

01292284

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U52335MH2004PTC146893

K G R TELELINKS PRIVATE LIMITED

Director

10/06/2004

10/06/2004

-

Active

NO

2

U64203MH2008PTC177952

KGS TELECOM PRIVATE LIMITED

Director

18/01/2008

18/01/2008

-

Active

NO

3

U51900MH2013PTC242402

KGR ENTERPRISES PRIVATE LIMITED

Director

24/04/2013

24/04/2013

-

Active

NO

4

U51101MH2013PTC248030

KRISHNA WIRELESS DISTRIBUTORS PRIVATE LIMITED

Director

10/09/2013

10/09/2013

-

Active

NO

5

U51101MH2013PTC248579

KTEK WORLDWIDE PRIVATE LIMITED

Director

01/08/2014

01/08/2014

-

Active

NO

 

 

Name :

Mrs. Rhea Kailash Karamchandani

Designation :

Director

Address :

B-602, Silver Oaks, Near Swapna Nagari, Mulund (West), Mumbai – 400 080, Maharashtra, India

Date of Birth/Age :

26.07.1979

Date of Appointment :

24.04.2013

DIN No.:

01995464

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U52335MH2004PTC146893

K G R TELELINKS PRIVATE LIMITED

Director

10/06/2004

10/06/2004

-

Active

NO

2

U64203MH2008PTC177952

KGS TELECOM PRIVATE LIMITED

Director

01/05/2012

01/05/2012

-

Active

NO

3

U51900MH2013PTC242402

KGR ENTERPRISES PRIVATE LIMITED

Director

24/04/2013

24/04/2013

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Dilip Sachdev

Designation :

Account Department

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 17.04.2013

 

Names of Shareholders

 

No. of Shares

Percentage of holding

Kailash Prakash Karamchandani

99900

99.90

Rhea Kailash Karamchandani

100

0.10

Total

100000

100.00

 

 

AS ON 21.01.2014

 

Names of Allottees

 

 

No. of Shares

Kailash Prakash Karamchandani

 

145100

Rhea Kailash Karamchandani

 

4900

Total

 

150000

 

 

BUSINESS DETAILS

 

Line of Business :

Dealer and Distributor of all kinds of electronic equipment, telecommunication and telecom equipments.

 

 

Products :
  • Electronic Equipment
  • Telecommunication
  • Telecom Equipments

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Not Divulged

 

 

Purchasing :

Not Divulged

 

 

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

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behaviour

Market Goodwill

Overall

Not Divulged

Not Divulged

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Product Quality

Delivery Behaviour

Overall

Not Divulged

Not Divulged

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Information declined by the Management.

 

 

Bankers :

Banker Name

ING Vysya Bank Limited

Branch Address

Unit No.2/3/4, Marathon Max Building Opposite Nirmal, 
Lifestyle, Mulund-Goregoan Link Road, Mulund (West), Mumbai – 400 080, 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

 

Banking Relations :

--

 

 

Financial Institution :

Tata Capital Financial Services Limited, One Forbes, Dr. V.B. Gandhi Marg, Fort, Mumbai – 400 001, Maharashtra, India

 

 

Auditors :

Not Divulged

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Divulged

 

 

CAPITAL STRUCTURE

 

Authorised Capital :

No. of Shares

Type

Value

Amount

250000

Equity Shares

Rs.100/- each

Rs.25.000 million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

250000

Equity Shares

Rs.100/- each

Rs.25.000 million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

NOT DIVULGED

 

The above information has been declined by Mr. Dilip Sachdev (Account Department).

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

No

17

Details of sister concerns

No

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

No

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

No

26

Turnover of firm for last three years

No

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

No

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

INDEX OF CHARGES

 

S. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10481843

05/06/2015 *

100,000,000.00

TATA CAPITAL FINANCIAL SERVICES LIMITED

ONE FORBES, DR. V.B. GANDHI MARG, FORT, MUMBAI – 400 001, MAHARASHTRA, INDIA

C55562482

2

10460851

10/10/2013

160,000,000.00

ING VYSYA BANK LIMITED

UNIT NO.2/3/4, MARATHON MAX BUILDING OPPOSITE NIRMAL, 
LIFESTYLE, MULUND-GOREGOAN LINK ROAD, MULUND (WEST), MUMBAI – 400 080, MAHARASHTRA, INDIA

B89786230

 

* 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 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.64.03

UK Pound

1

Rs.99.27

Euro

1

Rs.71.90    

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

KIN

 

 

Report Prepared by :

SMN

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

1

OPERATING SCALE

1~10

2

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

YES 

--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

 

12

 

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.