MIRA INFORM REPORT

 

 

Report No. :

328638

Report Date :

23.06.2015

 

IDENTIFICATION DETAILS

 

Name :

MAITREE INDUSTRIES (INDIA) PRIVATE LIMITED

 

 

Registered Office :

S. No. 29, Showroom No. 3, Ground Floor, BIZZBAY, Off NIBM Road, Kondhwa Tal. Haveli, Pune - 411048, Maharashtra

Tel. No.:

91-20-41230308/ 09/ 10

 

 

Country :

India

 

 

Financials (as on) :

--

 

 

Date of Incorporation :

07.03.2014

 

 

Com. Reg. No.:

11-150894

 

 

Capital Investment / Paid-up Capital :

Rs. 0.500 Million

 

 

CIN No.:

[Company Identification No.]

U27100PN2014PTC150894

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

PNEM20755A

 

 

PAN No.:

[Permanent Account No.]

AAJCM1503E

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Importer of Copper Wires.

 

 

No. of Employees :

30 (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 07th March 2014, and it is yet to establish itself gradually.

 

Mr. Sandeep Reja, Finance Manager has provided general information to us and claimed that company will start commercial operation from December 2015.

 

As per the status in the Registrar of Companies, business appears to be 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 – 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

 

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 PARTED BY (GENERAL DETAILS)

 

Name :

Mr. Sandeep Reja

Designation :

Finance Manager

Contact No.:

91-20-41230308

Date :

22.06.2015

 

 

LOCATIONS

 

Registered Office :

S. No. 29, Showroom No. 3, Ground Floor, BIZZBAY, Off NIBM Road, Kondhwa Tal. Haveli, Pune - 411048, Maharashtra, India

Tel. No.:

91-20-41230308/ 09/ 10

Fax No.:

91-20-41230310

E-Mail :

palreshagautam@gmail.com

info@miipl.net

sandeep@miipl.net

maitree.associates@hotmail.com 

Website :

http://www.miipl.net

 

 

Factory :

Plot No. E-5/1, Kurkumbh MIDC, Taluka Daund, District Pune – 413802, Maharashtra, India

 

 

DIRECTORS

 

Name :

Mrs. Jyoti Juneja

Designation :

Director

Address :

Off 114, Runwal Diamond, S. No. 23/10, Mohammadwadi, Hadapsar, Pune - 411028, Maharashtra, India

Date of Appointment :

07.03.2014

DIN No.:

02588400

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

Company/ LLP Status

Defaulting status

1

U52331PN2009PTC133921

SHREE SAI BABA PLASTICS AND POLYMERS PRIVATE LIMITED

Director

08-05-2009

08-05-2009

Strike off

NO

2

U27100PN2014PTC150894

MAITREE INDUSTRIES (INDIA) PRIVATE LIMITED

Director

07-03-2014

07-03-2014

Active

NO

 

 

Name :

Mr. Ranjitsingh Totaram Juneja

Designation :

Director

Address :

201 Florendale Nyati Grandeur, Undri Pune, Pune - 411060, Maharashtra, India

Date of Appointment :

07.03.2014

DIN No.:

06780987

 

 

KEY EXECUTIVES

 

Name :

Mr. Sandeep Reja

Designation :

Finance Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

NOT AVAILABLE

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Importer of Copper Wires.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

--

Countries :

--

 

 

Imports :

 

Products :

Machinery

Countries :

China

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Hindustan Copper Limited – Mumbai

Name of the Person (Designation):

Mr. Samir Verma (R.S. Pandey – Deputy Manager)

Contact Number:

91-22-22021301

Since how long known:

1 Year

Maximum limit dealt:

Rs. 10.000 Million (Monthly)

Experience:

Payment Behaviour = Good

Market Goodwill = Good

Overall = Good 

Remark

Very much satisfied.

 

 

Customers :

Wholesalers and Retailers

 

Reference:

Associated Flexibles Wires Private Limited – Pune

Name of the Person (Designation):

Mr. Gokte (Technical Director)

Contact Number:

91-9822393539

Since how long known:

1 Year

Maximum limit dealt:

Rs. 3.000 Million [Monthly]

Experience:

Payment Behaviour = Good

Market Goodwill = Good

Overall = Good 

Remark

No Complaints

 

 

No. of Employees :

30 (Approximately)

 

 

Bankers :

Bank Name:

Bank of India

Branch:

Pune Main Branch, Maharashtra, India

Person Name (with Designation):

Not Divulged

Contact Number:

91-20-26360656 (Ringing)

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

Account Since (Date/ Year of A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

 

Facilities :

--

 

Banking Relations :

--

 

 

Auditors :

 

Name :

G.P. Palrecha and Company

Chartered Accountants

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

Authorised Capital : Rs. 0.500 Million

 

Issued, Subscribed & Paid-up Capital : Rs. 0.500 Million

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

NEW BUSINESS

 

 

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

No

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)

Yes

16

No. of employees

Yes

17

Details of sister concerns

No

18

Major suppliers

Yes

19

Major customers

Yes

20

Banking Details

Yes

21

Banking facility details

No

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

No

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

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, 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. 63.51

UK Pound

1

Rs. 100.94

Euro

1

Rs. 72.32

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

BVA

 


 

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.