MIRA
INFORM REPORT
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Report Date : |
16th
November, 2006 |
IDENTIFICATION
DETAILS
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Correct Name : |
RAJAT
MINERALS PRIVATE LIMITED |
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Registered Office : |
City
Centre, Room # 421, 19, Synagogue Street, Kolkata – 700 001, West Bengal,
India |
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Country : |
India |
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Financials (as on) : |
NIL |
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Date of Incorporation : |
28.10.2003 |
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Com. Reg. No.: |
21-97175 |
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CIN No.: [Company
Identification No.] |
U27102WB2003PTC097175 |
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IEC No.: |
0205023835 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CALR06323C |
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PAN No.: [Permanent
Account No.] |
AACCR6414L |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Manufacturer
and Exporter |
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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Maximum Credit Limit : |
-- |
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Status : |
Dormant
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
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Comments : |
The
company is dormant company. No payments are available. It can be considered
for any business dealings on safe and secured trade terms and conditions,
only. |
LOCATIONS
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Registered Office : |
City
Centre, Room # 421, 19, Synagogue Street, Kolkata – 700 001, West Bengal,
India |
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Area : |
200
sq. ft. |
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Location : |
Rented
– Commercial |
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Head
Office : |
At P O
– Baneikala, Joda, District Keonjhar – 758 032, Orissa, India |
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Tel.
No.: |
91-6767-2272458 |
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E-Mail
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DIRECTORS
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Name : |
Mr.
Kamal Dev Sharma |
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Designation : |
Director
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Address : |
At P O
– Baneikala, Joda, District Keonjhar – 758 032, Orissa, India |
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Name : |
Mrs.
Tripta Sharma |
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Designation : |
Director
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Address : |
At P O
– Baneikala, Joda, District Keonjhar – 758 032, Orissa, India |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
No. of Shares |
Percentage of Holding |
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Mr.
Kamal Dev Sharma |
5000 |
50.00 |
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Mrs.
Tripta Sharma |
5000 |
50.00 |
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Total |
10000 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer
and Exporter |
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GENERAL
INFORMATION
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Bankers : |
®
HDFC
Bank Limited
Stephen House, 4, BBD Bag, Kolkata – 700 001, West Bengal,
India ®
State
bank of India
Barnil Branch, Keonjhar, Orissa, India |
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Banking Relations : |
Unknown
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Auditors : |
Agarwal
Himatsinghka and Company Chartered
Accountants |
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Address : |
9,
India Exchange Place, 4th Floor, Room No. 3, Kolkata – 700 001,
West Bengal, India |
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Tel. No.: |
91-33-22301217/
1281, 22426090 |
CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
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3000000 |
Equity
Shares |
Rs. 10/- |
Rs. 30.000 millions |
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
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10000 |
Equity
Shares |
Rs. 10/- |
Rs. 0.100 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
No
subsequent financials are available. Management remained non-cooperative during
the current investigation and Mr. Anil Agarwal [Chartered Accountant] and Mr.
Sharma of the company declined business and financial details.
ABRIDGED
BALANCE SHEET
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SOURCES OF FUNDS |
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From 28.10.2003 To 31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
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2] Share Application Money |
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5.500 |
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3] Reserves & Surplus |
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0.000 |
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NETWORTH |
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5.600 |
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LOAN FUNDS |
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TOTAL BORROWING |
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0.000 |
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TOTAL |
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5.600 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.000 |
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Capital work-in-progress |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Cash & Bank Balances |
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5.585 |
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Total Current Assets |
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5.585 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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0.258 |
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Total Current Liabilities |
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0.258 |
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Net Current Assets |
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5.327 |
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MISCELLANEOUS EXPENSES |
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0.273 |
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TOTAL |
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5.600 |
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LOCAL AGENCY
FURTHER INFORMATION
There
was no business in the subject till 31st March 2006.
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 records 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
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Currency |
Unit
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Indian Rupees |
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US
Dollar |
1 |
Rs.45.01 |
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UK
Pound |
1 |
Rs.84.91 |
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Euro |
1 |
Rs.57.48 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
-- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
-- |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
-- |
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--LEVERAGE |
1~10 |
-- |
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--RESERVES |
1~10 |
-- |
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--CREDIT LINES |
1~10 |
2 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
NO |
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TOTAL |
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8 |
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
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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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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