MIRA INFORM REPORT

 

 

Report No. :

323902

Report Date :

25.05.2015

 

IDENTIFICATION DETAILS

 

Name :

DURWANKUR HOME APPLIANCES PRIVATE LIMITED

 

 

Registered Office :

Plot No. 54, Sagar Estates, Anand Krushiji Marge, Burudgaon, Ahmednagar-414001, Maharashtra

Tel No.:

91-241-2030884

 

 

Country :

India

 

 

Date of Incorporation :

18.12.2012

 

 

Com. Reg. No.:

11-145771

 

 

Capital Investment / Paid-up Capital :

Rs.0.100 Million

 

 

CIN No.:

[Company Identification No.]

U32208PN2012PTC145771

 

 

TIN No.:

Not Available

 

 

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 :

Assembling and Trading of Electronic Components.

 

 

No. of Employees :

18 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (27)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Even though, the company was incorporated on 18th December 2012, but the company has started its business activities from April 2014.

 

Management of the company has failed to file its financial since its incorporation with the government department. 

 

Mr. Satish, Account Assistant has provided us with all the information and he also confirmed that company has sales turnover of Rs.520.000 Million for the year 2014-2015 which is not verified.

 

Trade relation are improving. Business is active. Payment terms are unknown.

 

The company can be considered for business dealing with some caution.

 

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 31-03-2014.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Satish

Designation :

Account Assistant

Contact No.:

91-241-2030884

Date :

23.05.2015

 

 

LOCATIONS

 

Registered Office/ Assembling Unit / Warehouse  :

Plot No. 54, Sagar Estates, Anand Krushiji Marge, Burudgaon, Ahmednagar-414001, Maharashtra, India

Tel. No.:

91-241-2030884

Mobile No.:

91-9422226542 (Mr. Vishnu Achyut Mulay)

Fax No.:

91-241-2030884

E-Mail :

vamulay@gmail.com

Area :

20000 sq. ft.

Location :

Rented

 

 

DIRECTORS

 

Name :

Mr. Vishnu Achyut Mulay

Designation :

Director

Address :

133, Ekta Colony, Kedgaon Devi Road, Kedgaon, Ahmednagar - 414001, Maharashtra, India

Date of Birth/Age :

16.06.1964

Date of Appointment :

18.12.2012

DIN No.:

01130074

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

U29305PN2000PTC015371

SHRI CHINTAMANI APPLIANCES PRODUCTS MANUFACTURING AND TRADING COMPANY PRIVATE LIMI

Director

03/10/2000

03/10/2000

-

Active

NO

2

U74999PN2000PTC015409

SHRI SAI INDUSTRIAL SUPPLIERS PRIVATE LIMITED

Director

10/10/2000

10/10/2000

-

Active

NO

3

U74999PN2000PTC015410

OMKAR INDUSTRIAL SUPPLIERS PRIVATE LIMITED

Director

10/10/2000

10/10/2000

-

Active

NO

4

U29308GJ1984PTC007531

TRESSA ELECTRONICS PRIVATE LIMITED

Director

20/07/2001

20/07/2001

-

Active

NO

5

U74210MH1996PTC098116

AIRSHOT ENGINEERING (INDIA) PRIVATE LIMITED

Director

22/09/2001

22/09/2001

-

Amalgamated

NO

6

U99999MH1981PLC025081

SYNLENE FABRICS LTD

Director

27/09/2001

27/09/2001

-

Active

NO

7

U99999MH1994PLC133953

MICRO HOUSING FINANCE LIMITED

Director

03/11/2001

03/11/2001

-

Active

NO

8

U74120MH1981PTC025424

TekCare India Private Limited

Director

05/09/2002

05/09/2002

-

Active

NO

9

U01111GA1994PTC001725

SYCAMORE GROWMORE PRIVATE LIMITED

Director

01/11/2003

01/11/2003

-

Active

NO

10

U70200GA1994PTC001723

ORAGON REALTY PRIVATE LIMITED

Director

01/11/2003

01/11/2003

-

Active

NO

11

U63000MH2003PTC143152

MESSENGER CARGO MOVERES AND LOGISTICS PRIVATE LIMITED

Director

17/11/2003

17/11/2003

-

Active

NO

12

U63000MH2003PTC143285

MAHALAXMI TRANSPORT AND COURIER SERVICES PRIVATE LIMITED

Director

25/11/2003

25/11/2003

-

Active

NO

13

U29308MH2002PTC137006

ESHWAR HOME APPLIANCES PRIVATE LIMITED

Director

02/05/2005

02/05/2005

03/07/2008

Active

NO

14

U70200PN2010PTC136883

SHIVARINARAYAN REALTY PRIVATE LIMITED

Director

20/07/2010

20/07/2010

-

Strike off

NO

15

U52399PN2012PTC145030

Avhadoot Electronics Suppliers Private Limited

Director

10/10/2012

10/10/2012

-

Active

NO

16

U32208PN2012PTC145771

DURWANKUR HOME APPLIANCES PRIVATE LIMITED

Director

18/12/2012

18/12/2012

-

Active

NO

 

 

Name :

Mr. Devidas Parbat Paithankar

Designation :

Director

Address :

6, Saras Nagar, Market Yard, Ahmednagar - 414001, Maharashtra, India

Date of Birth/Age :

02.06.1957

Date of Appointment :

18.12.2012

DIN No.:

01235267

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

U32109PN2002PTC017099

VINAYAK HOME ELECTRONICS APPLIANCES PRIVATE LIMITED

Director

28/06/2002

28/06/2002

-

Active

NO

2

U99999MH1947PLC005708

EVANS FRASER AND CO. (INDIA) LIMITED

Additional director

01/10/2003

01/10/2003

01/04/2004

Active

NO

3

U32208PN2012PTC145771

DURWANKUR HOME APPLIANCES PRIVATE LIMITED

Director

18/12/2012

18/12/2012

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Satish

Designation :

Account Assistant

 

 

MAJOR SHAREHOLDERS

 

As on 13.12.2012

 

Names of Shareholders

No. of Shares

% of Holding

Vishnu Achyut Mulay

5000

50.00

Devidas Parbat Paithankar

5000

50.00

Total

10000

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Assembling and Trading of Electronic Components.

 

 

Products :

Electronic Components

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

PRODUCTION STATUS – NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference 1 :

Bapusa Electronic Private Limited, India 

Reference 2 :

Electro Part India Limited, India

Name of the Person :

Not Divulged 

Contact No.:

Not Divulged 

Since How Long Known :

Not Divulged 

Experience :

Not Divulged 

Maximum Limit Dealt :

Not Divulged 

Remark :

Not Divulged 

 

 

Customers :

Reference :

Videocon Group

Name of the Person :

Not Divulged 

Contact No.:

Not Divulged 

Since How Long Known :

Not Divulged 

Experience :

Not Divulged 

Maximum Limit Dealt :

Not Divulged 

Remark :

Not Divulged 

 

 

No. of Employees :

18 (Approximately)

 

 

Bankers :

Banker Name

ICICI Bank Limited

Branch Address

Panchsheel Park, Delhi, 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 

 

 

 

Auditors :

 

Name :

C K Patil and Company

Chartered Accountants

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Sister Concern :

Not Divulged 

 

 

CAPITAL STRUCTURE

 

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]

 

Particulars

 

 

 

31.03.2015

Sales Turnover (Approximately)

 

 

520.000

 

The above information has been parted by Mr. Satish

 

 

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

Yes

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

Yes

17

Details of sister concerns

No

18

Major suppliers

Yes

19

Major customers

Yes

20

Banking Details

Yes

21

Banking facility details

Yes

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

No

26

Turnover of firm for last one year

Yes

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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

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.63.57

UK Pound

1

Rs.99.67

Euro

1

Rs.70.83

 

 

INFORMATION DETAILS

 

Information Gathered by :

KMN

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

VNT

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILITY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

3

--CREDIT LINES

1~10

3

--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

 

27

 

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.