MIRA INFORM REPORT
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Report No. : |
328280 |
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Report Date : |
25.06.2015 |
IDENTIFICATION DETAILS
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Name : |
SOLENIS CHEMICALS INDIA PRIVATE LIMITED |
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Registered
Office : |
601, 606 to 608, Platinum Techno Park, Plot No.17 and 18, Sector 30A,
Vashi, Navi Mumbai – 400 705, Maharashtra |
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Tel. No.: |
91-20-66468010 |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Date of
Incorporation : |
22.05.2014 |
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Com. Reg. No.: |
11-255298 |
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Capital
Investment / Paid-up Capital : |
Rs.113.572 million |
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CIN No.: [Company Identification
No.] |
U24240MH2014PTC255298 |
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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 manufacturing and trading of specialty chemicals. |
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No. of Employees
: |
85 (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 a new company establishing itself gradually. It was incorporated on 22.05.2014. However as claimed by Mr. Kandakumar (Accounts Manager), subject has started
commercial activities from August 2014. Further he claimed that the subject has achieved turnover of
Rs.200.000 million during FY 2014-2015 which is not verified. 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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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 PARTED BY
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Name : |
Mr. Kandakumar |
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Designation : |
Accounts Manager |
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Contact No.: |
91-9538455568 |
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Date : |
25.06.2015 |
LOCATIONS
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Registered Office : |
601, 606 to 608, Platinum Techno Park, Plot No.17 and 18, Sector 30A,
Vashi, Navi Mumbai – 400 705, Maharashtra, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9538455568 (Mr. Kandakumar) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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Factory : |
248, Jawahar Co-Operative Industrial Estate, Kamothe, Panvel, District
Raigad, Maharashtra, India |
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Branch Office : |
Montreal
Business Centre Tower, Baner Road, Pune, Maharashtra, India |
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Tel. No.: |
91-20-66468010 |
DIRECTORS
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Name : |
Mr.
Sachindra Makarand Kukade |
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Designation : |
Additional
Director |
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Address : |
A-904,
Twin Towers, Behind Wireless Colony, Aundh, Pune – 411 007, Maharashtra,
India |
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Date of Appointment : |
31.07.2014 |
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DIN No.: |
06435075 |
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Other
Directorship:
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Name : |
Mr.
Dhekne Vasant Nandkumar |
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Designation : |
Additional
Director |
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Address : |
1238-A,
Svanand, 32nd G Cross, 26 Main, Jayanagar, 4th T.
Block, Bangalore – 560 041, Karnataka, India |
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Date of Appointment : |
31.07.2014 |
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DIN No.: |
02189370 |
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Other
Directorship:
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Name : |
Mr.
Uday Gajanan Patankar |
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Designation : |
Additional
Director |
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Address : |
301,
Ratanapuri Apartment, Samarth Path Karvengar, Pune – 411 052, Maharashtra,
India |
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Date of Appointment : |
30.04.2015 |
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DIN No.: |
07178956 |
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KEY EXECUTIVES
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Name : |
Parul Gulati |
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Designation : |
Secretary |
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Address : |
107 UGF, RZ Block, Indira Park, Uttam
Nagar, Delhi – 110 059, India |
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Date of Appointment : |
06.01.2015 |
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PAN No : |
BHEPG8234J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 13.05.2014
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Names of Shareholders |
No. of Shares |
Percentage of holding
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Aakash Anil Choubey |
5000 |
50.00 |
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Anuj Ramesh Sah |
5000 |
50.00 |
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Total |
10000 |
100.00 |
AS ON 28.03.2015
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Names of Allottee |
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No. of Shares |
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Solenis Netherland B.V., The
Netherland |
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3497200 |
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Total |
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3497200 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in manufacturing and trading of specialty chemicals. |
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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 : |
Not Available |
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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 : |
Cheque and Credit |
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Purchasing : |
Cheque 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 : |
85 (Approximately) |
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Bankers : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Price Waterhouse Chartered Accountants |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Parent Company : |
Solenis Netherland B.V., The
Netherland |
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Group Companies : |
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CAPITAL STRUCTURE
Authorised Capital : Rs.178.600 million
Issued, Subscribed & Paid-up Capital : Rs.113.572
million
FINANCIAL DATA
[all figures are
in Rupees Million]
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Particulars |
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31.03.2015 |
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Sales Turnover |
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200.000 |
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Expected Sales (2015-2016): Rs.700.000 million
The above information has been parted by Mr. Kandakumar (Accounts Manager).
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
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2 |
Constitution of the entity -Incorporation
details |
Yes |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details |
No |
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5 |
Buyer visit details |
-- |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
Yes |
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8 |
Designation of contact person |
Yes |
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9 |
Promoter’s background |
Yes |
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10 |
Date of Birth of Proprietor / Partners / Directors |
No |
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11 |
Pan Card No. of Proprietor / Partners |
No |
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12 |
Voter Id Card No. of Proprietor / Partners |
No |
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13 |
Type of business |
Yes |
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14 |
Line of Business |
Yes |
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15 |
Export/import details (if applicable) |
Yes |
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16 |
No. of employees |
Yes |
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17 |
Details of sister concerns |
Yes |
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18 |
Major suppliers |
No |
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19 |
Major customers |
No |
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20 |
Banking Details |
Yes |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
-- |
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23 |
Financials, if provided |
No |
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24 |
Capital in the business |
Yes |
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25 |
Last accounts filed at ROC, if applicable |
No |
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26 |
Turnover of firm for about last eight
months |
Yes |
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27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
Yes |
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29 |
Profitability for last three years |
No |
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30 |
Major shareholders, if available |
Yes |
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31 |
External Agency Rating, if available |
No |
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32 |
Litigations that the firm/promoter
involved in |
-- |
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33 |
Market information |
-- |
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34 |
Payments terms |
No |
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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.63.66 |
|
UK Pound |
1 |
Rs.100.50 |
|
Euro |
1 |
Rs.71.31 |
INFORMATION DETAILS
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Information
Gathered by : |
SVA |
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Analysis Done by
: |
SAN |
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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 |
|
-- |
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.