MIRA
INFORM REPORT
|
Report Date : |
11.08.2007 |
Important Note:
Mr. P. D. Moorthy ( The given below Information
is previous company status – Now the
company is closed. Yet to Started During year 2008 (i.e.) January). And also
the Given Below office Phone No is working at residence
(Transferred the telephone from office to the residence
). Due to loss in the Company they cannot operate the company for the
past six months.
IDENTIFICATION DETAILS
|
Name : |
COSMIC ENTERPRISES |
|
|
|
|
Registered Office : |
No. 7/11, First Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
2003 |
|
|
|
|
Legal Form : |
Partnership concern with an Unlimited Liability of the partners. |
|
|
|
|
Line of Business : |
Importer and selling of ABRASIVES, GRINDING WHEEL and EMRE SHEET |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Maximum Credit Limit : |
--- |
|
|
|
|
Status: |
Closed Down |
|
|
|
|
Comments : |
The concern is no more active due to heavy losses in the business. The concern can be ignore for any business dealings. |
LOCATIONS
|
Registered Office : |
No. 7/11, First Floor, |
|
Tel. No.: |
91-44-32550290 / 43592338 |
|
Mobile No.: |
91-99400-13499 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
200 sq.fts |
|
Location : |
Rented |
|
|
|
PARTNERS
|
Name : |
Mr. P.G. Moorthy |
|
Designation : |
Partner |
|
Address : |
No-3/8, BPS Flats, First Floor, Pilliayar koil Street Extension, West KK
Nagar, Nesapakkam, Chennai-600 078, Tamil Nadu |
|
Date of Birth/Age : |
40 Years |
|
Qualification : |
B.com |
|
Experience : |
13 Years |
|
|
|
|
Name : |
Mr. B. Ravi |
|
Designation : |
Partner |
|
Address : |
Tiruvanmiyur, Chennai – 600 041 |
|
Date of Birth/Age : |
41 Years |
|
Qualification : |
B.A. |
|
Experience : |
10 Years |
BUSINESS DETAILS
|
Line of Business : |
Importer and selling of ABRASIVES, GRINDING WHEEL, EMRE SHEET |
|
|
|
|
Exports : |
|
|
Products : |
Abrasives, Grinding Wheel, Emre Sheet ( Not now the company is closed) |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
L/C |
GENERAL INFORMATION
|
Customers : |
Impoters and Traders of Abrasives, Grinding Wheel |
|
|
|
|
No. of Employees : |
6 Persons in Office |
|
|
|
|
Bankers : |
ICICI Bank T.Nagar, Chennai – 600 017 |
|
|
|
|
Facilities : |
Only Current Account |
|
Auditors : |
Own Accounting |
|
|
|
|
Associates/Subsidiaries : |
NA |
FINANCIAL DATA
Loss in Business
LOCAL AGENCY FURTHER INFORMATION
Trade References:
Chennai, Tamil Nadu,
Other Information:
New proposal to the started in January, 2008 ( Import of Coated Abrasives,
Water Proof sheet and belt from
Observations Points:
- Name Board :
NIL
- Landmark :
Near To The K.K. Nagar Bus Terminus At Chennai
- Person Met :
Mr. P.D. Moorthy At His Residence
- Office Appearance
: Vacated
As Per Your Given Address –
No. -3/8, BPS Flats, First Floor,
As per his statement he start business by
January, 2008 at Porur Chennai. The office is not yet found.
Mr. P.D. Moorthy
Mobile No.: 91-99400-13499
Landline No.:. 91-44-43592338 (
Residence)
91-44-32550290 ( Residence)
5.
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 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.40.67 |
|
|
1 |
Rs.82.12 |
|
Euro |
1 |
Rs.55.60 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|