MIRA
INFORM REPORT
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Report Date : |
23rd
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
PARAMOUNT
PRINTING PRESS PRIVATE LIMITED |
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Registered Office : |
A-229
TTC Industrial Area, MIDC, Mahape Road, Navi
Mumbai – 400 701, Maharashtra, India |
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Country : |
India |
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Financials (as on) : |
Nil |
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Date of Incorporation : |
24.03.2006 |
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Com. Reg. No.: |
11-160735 |
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CIN No.: [Company
Identification No.] |
U22200MH2006PTC160735 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMP22003C |
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PAN No.: [Permanent
Account No.] |
AADCP8527D |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Carry
on the business of printers and publishers, offset printers, photo graphics
printers, DTP, computer printers, continuous stationery printers, bookbinders,
bag makers, cartons printers, label printers of all sorts and kinds. Subject
is also carry on the business of importers, exporters, buyers, sellers and
dealers in all kinds of fabrics and textiles prepared or manufactured from
all types of yarns and fabrics. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
-- |
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Status : |
New
Company |
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Payment Behaviour : |
Nothing
adverse |
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Litigation : |
Clear |
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Comments : |
Subject
tookover the existing business of family partnership concerns which was
established in 1987. Thus,
it is an active business and appears to be doing well. Nothing
adverse is reported about the company. The company can be considered for
normal business dealings at usual trade terms and conditions with slight
caution. |
LOCATIONS
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Registered Office : |
A-229
TTC Industrial Area, MIDC, Mahape Road, Navi
Mumbai – 400 701, Maharashtra, India |
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Tel. No.: |
91-22-27781214 |
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Fax. No. |
91-22-27782743 |
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Email : |
DIRECTORS
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Name : |
Mr.
Ashwin Babulal Sukhadia |
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Designation : |
Director
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Address : |
501/502,
Shreenath Niwas, Poddar Lane, Santacruz (West), Mumbai – 400 054,
Maharashtra, India |
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Date of Birth/Age : |
02.05.1933 |
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Date of Appointment : |
30.01.2006 |
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PAN No. : |
AAQPS1432G |
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Name : |
Mr.
Anuj Vipin Sukhadia |
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Designation : |
Director
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Address : |
A/ 11,
Technocraft, Bombay Dyeing Lane, Prabhadevi, Mumbai – 400 025, Maharashtra,
India |
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Date of Birth/Age : |
11.04.1959 |
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Date of Appointment : |
30.01.2006 |
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PAN No. : |
AYSPS2795Q |
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Name : |
Mr.
Vipul Ashwin Sukhadia |
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Designation : |
Director
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Address : |
501/502,
Shreenath Niwas, Poddar Lane, Santacruz (West), Mumbai – 400 054,
Maharashtra, India |
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Date of Birth/Age : |
20.12.1961 |
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Date of Appointment : |
30.01.2006 |
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PAN No. : |
AAIPS5827M |
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Name : |
Mr.
Dharmesh Ashwin Sukhadia |
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Designation : |
Director
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Address : |
501/502,
Shreenath Niwas, Poddar Lane, Santacruz (West), Mumbai – 400 054,
Maharashtra, India |
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Name : |
Mr.
Divyesh Ashwin Sukhadia |
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Designation : |
Director
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Address : |
501/502,
Shreenath Niwas, Poddar Lane, Santacruz (West), Mumbai – 400 054,
Maharashtra, India |
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Name : |
Mr.
Ketan Vipin Sukhadia |
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Designation : |
Director
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Address : |
A/ 11,
Technocraft, Bombay Dyeing Lane, Prabhadevi, Mumbai – 400 025, Maharashtra,
India |
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Name : |
Ms.
Pooja Anuj Sukhadia |
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Designation : |
Director
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Address : |
A/ 11,
Technocraft, Bombay Dyeing Lane, Prabhadevi, Mumbai – 400 025, Maharashtra,
India |
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Name : |
Ms.
Easha Ketan Sukhadia |
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Designation : |
Director
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Address : |
A/ 11,
Technocraft, Bombay Dyeing Lane, Prabhadevi, Mumbai – 400 025, Maharashtra,
India |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
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No. of Shares |
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Mr.
Ashwin Babulal Sukhadia |
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800 |
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Mr.
Anuj Vipin Sukhadia |
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1500 |
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Mr.
Vipul Ashwin Sukhadia |
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1400 |
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Mr.
Dharmesh Ashwin Sukhadia |
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1400 |
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Mr.
Divyesh Ashwin Sukhadia |
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1400 |
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Mr.
Ketan Vipin Sukhadia |
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1500 |
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Ms.
Pooja Anuj Sukhadia |
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1000 |
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Ms.
Easha Ketan Sukhadia |
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1000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Carry
on the business of printers and publishers, offset printers, photo graphics
printers, DTP, computer printers, continuous stationery printers,
bookbinders, bag makers, cartons printers, label printers of all sorts and
kinds. Subject is also carry on the business of importers, exporters, buyers,
sellers and dealers in all kinds of fabrics and textiles prepared or
manufactured from all types of yarns and fabrics. |
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GENERAL
INFORMATION
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Bankers : |
Not
Available |
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Banking Relations : |
-- |
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Auditors : |
Not
Available |
CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
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1000000 |
Equity
Shares |
Rs. 10/- |
Rs. 10.000 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]
As the
company is a new company no financial are yet applicable.
Management
remained non-cooperative during current investigation. However, efforts are
continued for more details and if available, it will follow, soon.
LOCAL AGENCY
FURTHER INFORMATION
History
Subject
is carrying on the business of Printing Press in the firm name and style of
Paramount Printing Press on the terms and conditions contained in the Deed of
Partnership originally executed 13.11.1987 and modified on 10.05.2005 and on
04.10.2005 having been duly registered under the provisions of the Indian
Partnership Act, 1932, with the Registrar of Firms, Mumbai, Maharashtra.
To take
over the existing partnership firm Paramount Printing Press and registered
under the provision of Companies Act, 1956.
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.44.65 |
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UK
Pound |
1 |
Rs.87.23 |
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Euro |
1 |
Rs.58.96 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
-- |
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--CREDIT LINES |
1~10 |
5 |
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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 |
YES |
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TOTAL |
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38 |
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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