MIRA INFORM REPORT
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Report No. : |
339013 |
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Report Date : |
04.09.2015 |
IDENTIFICATION DETAILS
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Name : |
ASIAN
BUSINESS CONNECTIONS PRIVATE LIMITED |
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Registered
Office : |
FM-18, Mansarovar Complex, 7 No Stop Shivaji Nagar, Bhopal – 462016,
Madhya Pradesh |
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Tel. No.: |
91-22-61983107 |
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Country : |
India |
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Financials (as
on) : |
-- |
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Date of
Incorporation : |
13.11.2009 |
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Com. Reg. No.: |
10-022634 |
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Capital
Investment / Paid-up Capital : |
Rs. 377.164 Million |
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CIN No.: [Company Identification
No.] |
U51109MP2009PTC022634 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA39352F |
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PAN No.: [Permanent Account No.] |
AAICA1206D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Exporter of Agro Commodities like Grains and Oilseeds. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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Comments : |
Subject was established in the year 2009 and management has not filed
its financial record with government department since its inception. Mr. Sanjeev Dubey, AGM Finance has denied to disclose any information
to us. No other information could be made available from any source. As per status in the Registrar of Companies business appears to be
active. In view of absence of adequate information, 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
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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
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
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Name : |
Mr. Sanjeev Dubey |
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Designation : |
AGM Finance |
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Contact No.: |
91-22-61983107 |
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Date : |
02.09.2015 |
LOCATIONS
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Registered Office : |
FM-18, Mansarovar Complex, 7 No Stop Shivaji Nagar, Bhopal – 462016,
Madhya Pradesh, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Corporate Office : |
1101, 11th Floor, A-Wing, Express Zone, Off. Western
Express Highway, Malad (East), Mumbai – 400097, Maharashtra, India |
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Tel. No.: |
91-22-61983107 |
DIRECTORS
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Name : |
Mr. Dinesh Arcot Chelvaraj |
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Designation : |
Director |
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Address : |
Raheja Heights Flat No. 1202 Bldg No C Film City, Road Genakvadya Marg Malad [East], Mumbai - 400097, Maharashtra, India |
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Date of Appointment : |
30.06.2014 |
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DIN No.: |
06869847 |
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Other Directorship :
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Name : |
Mr. Maneesh Kumar Singh |
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Designation : |
Director |
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Address : |
2501, Oberoi Woods, Tower B, Off W E Highway, Goregaon [East], Next to International Business Park, Mumbai - 400063, Maharashtra, India |
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Date of Appointment : |
30.06.2014 |
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DIN No.: |
02081483 |
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Other Directorship :
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Name : |
Mr. Shrikant Bhasi |
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Designation : |
Director |
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Address : |
C-70, Vidhya Nagar, Bhopal - 462023, Madhya Pradesh, India |
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Date of Appointment : |
20.08.2015 |
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DIN No.: |
00566951 |
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Other Directorship :
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KEY EXECUTIVES
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Name : |
Mr. Sanjeev Dubey |
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Designation : |
AGM Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 09.11.2009
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Names of Shareholders |
No. of Shares |
Percentage of
Holding |
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Shrikant Bhasi |
5000 |
50.00 |
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Prasanth Narayanan |
5000 |
50.00 |
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Total |
10000 |
100.00 |
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Names of Allottee |
No. of Shares |
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Shrikant Bhasi |
21090000 |
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Total |
21090000 |
BUSINESS DETAILS
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Line of Business : |
Exporter of Agro Commodities like Grains and Oilseeds. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
Not Divulged |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
Authorised Capital : Rs. 1000.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 377.164 Million
FINANCIAL DATA
[all figures are
in Rupees Million]
NOT DIVULGED
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
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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) |
No |
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16 |
No. of employees |
No |
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17 |
Details of sister concerns |
No |
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18 |
Major suppliers |
No |
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19 |
Major customers |
No |
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20 |
Banking Details |
No |
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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 last three years |
No |
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27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
No |
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29 |
Profitability for last three years |
No |
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30 |
Major shareholders, if available |
No |
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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,
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
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 66.23 |
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|
1 |
Rs. 101.22 |
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Euro |
1 |
Rs. 74.33 |
INFORMATION DETAILS
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Information
Gathered by : |
SUP |
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
BVA |
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.