MIRA INFORM REPORT

 

 

Report No. :

329668

Report Date :

30.06.2015

 

IDENTIFICATION DETAILS

 

Name :

DITI RESOURCES PRIVATE LIMITED

 

 

Registered Office :

704 , Iscon Elegance, Near Karnavati Club , S.G. Road, Ahmedabad – 380 051, Gujarat

Tel. No.:

91-79-66168883/ 85

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

04.07.2013

 

 

Com. Reg. No.:

04-075898

 

 

Capital Investment / Paid-up Capital :

Rs.0.100 million

 

 

CIN No.:

[Company Identification No.]

U51101GJ2013PTC075898

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

AHMD07686A

 

 

PAN No.:

[Permanent Account No.]

AAECD7272N

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged in the business to sorting, stripping, packing and repacking, and to act as broker, importer, exporter, metallurgists, job worker, or otherwise to deal in waste and scrap and materials for re-cycling including ferrous and non-ferrous metal, other ferrous substances, and metals of every description and grades and the by-products obtained in processing and manufacturing these raw metals, copper, brass, aluminum, nickel, zink, brass waste and scrap, copper metal, copper waste, copper scrap, copper foils, copper powders, copper flakes, copper strips, copper sheets.

 

 

No. of Employees :

Information declined by the Management. 

 

 

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 :

Even though, the company has been incorporated on 4th July 2013, it is yet to commence its business operations. It is having moderate track.

 

Mr. Amit Uttamchandani (Accountant) denied to provide any information about the subject to us.

 

Rating constrained on account of very huge external borrowings reported by the company.

 

Business is active as per status shown in registrar of the company. Payment terms are unknown.

 

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. Amit Uttamchandani

Designation :

Accountant

Contact No.:

91-79-66168883/ 85

Date :

30.06.2015

 

 

LOCATIONS

 

Registered Office/ Head Office :

704 , Iscon Elegance, Near Karnavati Club , S.G. Road, Ahmedabad – 380 051, Gujarat, India

Tel. No.:

91-79-66168883/ 85

Fax No.:

Not Available

E-Mail :

mkc_chou@hotmail.com

Website :

http://www.drpl.in (Under Construction)

 

 

Unit :

10 KM, 828/1, Kellamangalam Road, Aggondapalli, Hosur – 635 110, Tamilnadu, India

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Mukesh Shankerlal Chowdhary

Designation :

Director

Address :

B-2, Punyakothi Apartment, Near C.N. Vidyalaya, Ahmedabad – 380 009, Gujarat, India

Date of Birth/Age :

11.04.1974

Date of Appointment :

04.07.2013

DIN No.:

00025877

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

L24110GJ1990PLC013967

RIDDHI SIDDHI GLUCO BIOLS LIMITED

Whole-time director

01/10/2008

03/09/2000

18/05/2015

Active

NO

2

U74210GJ2004PTC044112

VASCROFT DESIGN PRIVATE LIMITED

Director

30/09/2006

09/03/2006

-

Active

NO

3

U15326GJ2010PTC062115

ROQUETTE RIDDHI SIDDHI PRIVATE LIMITED

Director

30/09/2011

25/08/2010

29/05/2012

Active

NO

4

U63000GJ2012PTC072360

DITI LOGISTICS PRIVATE LIMITED

Director

18/10/2012

18/10/2012

-

Converted to LLP and dissolved

NO

5

U51101GJ2013PTC075898

DITI RESOURCES PRIVATE LIMITED

Director

04/07/2013

04/07/2013

-

Active

NO

6

AAD-6449

DITI LOGISTICS LLP

Designated Partner

27/03/2015

27/03/2015

-

Active

NO

 

 

Name :

Mr. Shankarlal Lalchand Chowdhary

Designation :

Director

Address :

B-2, Punyakothi Apartment, Near C.N. Vidyalaya, Ahmedabad – 380 009, Gujarat, India

Date of Birth/Age :

10.09.1944

Date of Appointment :

04.07.2013

DIN No.:

03629392

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

U24230GJ2005PTC046954

SAFARI BIOTECH PRIVATE LIMITED

Director

29/09/2012

23/09/2011

01/10/2012

Active

NO

2

U40300GJ1982PLC005709

SIWANA AGRIMARKETING LIMITED

Director

29/09/2012

23/09/2011

22/08/2013

Active

NO

3

U63000GJ2012PTC072360

DITI LOGISTICS PRIVATE LIMITED

Director

18/10/2012

18/10/2012

-

Converted to LLP and dissolved

NO

4

U51101GJ2013PTC075898

DITI RESOURCES PRIVATE LIMITED

Director

04/07/2013

04/07/2013

-

Active

NO

5

AAD-6449

DITI LOGISTICS LLP

Designated Partner

27/03/2015

27/03/2015

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Amit Uttamchandani

Designation :

Accountant

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

 

No. of Shares

Percentage of Holding

Mukesh Shankerlal Chowdhary

5000

50.00

Shankarlal Lalchand Chowdhary

5000

50.00

Total

10000

100.00

 

 

AS ON 30.09.2014

 

Equity Share Breakup

 

Percentage of Holding

Category

 

 

Directors or relatives of directors

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the business to sorting, stripping, packing and repacking, and to act as broker, importer, exporter, metallurgists, job worker, or otherwise to deal in waste and scrap and materials for re-cycling including ferrous and non-ferrous metal, other ferrous substances, and metals of every description and grades and the by-products obtained in processing and manufacturing these raw metals, copper, brass, aluminum, nickel, zink, brass waste and scrap, copper metal, copper waste, copper scrap, copper foils, copper powders, copper flakes, copper strips, copper sheets.

 

 

Products :
  • Ferrous and Non-Ferrous Metal
  • Other Ferrous Substances

 

 

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

Not Divulged

Branch Address

Not Divulged

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 :

--

 

 

Auditors :

 

Name :

Shah Jalan and Company

Chartered Accountants

Address :

311, Business Centre, Pathar Kuva, Relief Road, Ahmedabad – 380 001, Gujarat, India

Income-tax PAN of auditor or auditor's firm :

ACJPJ6286G

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

10000

Equity Shares

Rs.10/- each

Rs.0.100 million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

10000

Equity Shares

Rs.10/- each

Rs.0.100 million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

 

31.03.2014

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1) Shareholders' Funds

 

 

 

(a) Share Capital

 

 

0.100

(b) Reserves & Surplus

 

 

(0.001)

(c) Money received against share warrants

 

 

0.000

 

 

 

 

(2) Share Application money pending allotment

 

 

0.000

Total Shareholders’ Funds (1) + (2)

 

 

0.099

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

 

 

0.000

(b) Deferred tax liabilities (Net)

 

 

0.000

(c) Other long term liabilities

 

 

0.000

(d) Long-term provisions

 

 

0.000

Total Non-current Liabilities (3)

 

 

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

 

 

3.288

(b) Trade payables

 

 

0.134

(c) Other current liabilities

 

 

2.000

(d) Short-term provisions

 

 

0.020

Total Current Liabilities (4)

 

 

5.442

 

 

 

 

TOTAL

 

 

5.541

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

 

0.000

(ii) Intangible Assets

 

 

0.000

(iii) Capital work-in-progress

 

 

0.000

(iv) Intangible assets under development

 

 

0.000

(b) Non-current Investments

 

 

0.154

(c) Deferred tax assets (net)

 

 

0.000

(d)  Long-term Loan and Advances

 

 

0.000

(e) Other Non-current assets

 

 

1.192

Total Non-Current Assets

 

 

1.346

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

 

0.000

(b) Inventories

 

 

0.000

(c) Trade receivables

 

 

0.000

(d) Cash and cash equivalents

 

 

3.159

(e) Short-term loans and advances

 

 

1.036

(f) Other current assets

 

 

0.000

Total Current Assets

 

 

4.195

 

 

 

 

TOTAL

 

 

5.541

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

 

 

31.03.2014

 

SALES

 

 

 

 

 

Income from Operations

 

 

0.000

 

 

Other Income

 

 

0.004

 

 

TOTAL                                    

 

 

0.004

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Other Expenses

 

 

0.000

 

 

TOTAL                                    

 

 

0.000

 

 

 

 

 

Less

PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

 

 

0.004

 

 

 

 

 

Less

FINANCIAL EXPENSES                                   

 

 

0.005

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

 

 

(0.001)

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

 

 

0.000

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX

 

 

(0.001)

 

 

 

 

 

Less

TAX                                                                 

 

 

0.000

 

 

 

 

 

 

PROFIT/ (LOSS) AFTER TAX

 

 

(0.001)

 

 

 

 

 

 

Earnings/ (Loss) Per Share (Rs.)

 

 

(0.10)

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

 

 

31.03.2014

Current Maturities of Long term debt

 

 

NA

Cash generated from operations

 

 

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

 

 

31.03.2014

Net Profit Margin

(PAT / Sales)

(%)
 

 

0.00

 

 
 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)
 

 

0.00

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)
 

 

(0.02)

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 
 

 

(0.01)

 

 
 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 
 

 

33.21

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
 

 

0.77

 

 

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

No

21

Banking facility details

No

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last about 9 months

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last about 9 months

Yes

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

 

NOTE:

The registered office of the company has been shifted from 11, Parvati Villa, Dev Kutir-3, Behind Madhuri Restaurant, Ahmedabad – 380 058, Gujarat to the present address w.e.f. 28.11.2013.

 

 

UNSECURED LOAN

 

PARTICULARS

31.03.2014

(Rs. in Million)

SHORT-TERM BORROWINGS

 

From Body Corporate

0.664

From Shareholders

2.624

Total

3.288

 

 

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 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.63.92

UK Pound

1

Rs.100.40

Euro

1

Rs.70.41    

 

 

INFORMATION DETAILS

 

Information Gathered by :

SPR

 

 

Analysis Done by :

KIN

 

 

Report Prepared by :

SMN

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

2

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

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.