MIRA
INFORM REPORT
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Report Date : |
26.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
BELLA JEWELLERY PRIVATE LIMITED |
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Registered Office : |
818, Prasad Chembers, Opera House, Mumbai – 400004, Maharashta |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
19.07.2006 |
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Com. Reg. No.: |
163163 |
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CIN No.: [Company
Identification No.] |
U27205MH2006PTC163163 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMB16579D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufactuer, Exporter and Importer of all kinds of jewelry. |
RATING &
COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to establish itself. The company had
not commenced commercial operations as per last available financials of
31.03.2007. No further information could be made available. The company can be considered for business dealings on safe and
secured terms, initially. |
LOCATIONS
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Registered Office : |
818, Prasad Chembers, Opera House, Mumbai – 400004, Maharashta |
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Tel. No.: |
91-22-3610295/3614527 |
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Fax No.: |
91-22-3640206 |
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E-Mail : |
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Factory : |
504, Seepz, Tower II, Andheri (East), Mumbai – 400096, Maharashtra,
India |
DIRECTORS
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Name : |
Mr. Dauji N. Johari |
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Designation : |
Director |
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Address : |
A-93, Prasad CHS Limited, 1st Floor, 44 Napean Sea
Road, Mumbai – 400046, Maharashtra,
India |
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Date of Birth/Age : |
25.10.1927 |
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Income –tax Pan: |
AAEPJ8302L |
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Name : |
Mr. Sharadkumar D. Johari |
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Designation : |
Director |
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Address : |
93-A, Paradise Apartments, Nepean Sea Road, Mumbai – 400036,
Maharashtra, India |
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Date of Birth/Age : |
08.10.1957 |
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Name : |
Mrs. Prabaa S. Johari |
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Designation : |
Director |
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Address : |
93-A, Paradise Apartments, Nepean Sea Road, Mumbai – 400036,
Maharashtra, India |
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Date of Birth/Age : |
28.02.1964 |
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Income-tax Pan: |
ADGPJ8384H |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Dauji N. Johari |
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3334 |
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Mr. Sharadkumar D. Johari |
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3333 |
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Mrs. Prabaa S. Johari |
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3333 |
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Total |
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10000 |
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Category |
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Percentage |
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Directors or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufactuer, Exporter and Importer of all kinds of jewelry. |
GENERAL
INFORMATION
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Bankers : |
Union Bank of
India Oversea Branch,
Unit 007, Block No. II, Complex, Marol Industrial Area, Andheri, Mumbai –
400096, Maharashtra, India |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Rajendra and Company Chartered Accountants |
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Address : |
1311 Dalamal Tower, 211 Nariman Point, Mumbai – 400021, Maharashtra,
India |
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Associates : |
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818, Prasad Chembers, Opera House, Mumbai – 400004, Maharashtra, India |
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504, Block III, Seepz, Andheri (East), Mumbai – 400096, Maharashtra,
India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity shares |
Rs.10/- each |
Rs.10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity shares |
Rs.10/- each |
Rs.0.100
Million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2007 |
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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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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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0.100 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.245 |
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TOTAL BORROWING |
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0.245 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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0.345 |
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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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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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0.000 |
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Cash & Bank Balances |
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0.153 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.000 |
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Total
Current Assets |
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0.153 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.007 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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0.007 |
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Net Current Assets |
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0.146 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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Profit and Loss Acount |
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0.199 |
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TOTAL |
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0.345 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
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Sales Turnover |
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N.A. |
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Other Income |
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N.A. |
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Total Income |
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N.A. |
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Profit/(Loss) Before Tax |
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(199.186) |
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Provision for Taxation |
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0.000 |
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Profit/(Loss) After Tax |
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(199.186) |
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Export |
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N.A. |
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Imports |
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N.A. |
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Expenditure |
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199.186 |
KEY RATIOS
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PARTICULARS |
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31.03.2007 |
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PAT / Total Income |
(%) |
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(0.00) |
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Net Profit Margin (PBT/Sales) |
(%) |
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(0.00) |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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(130186.92) |
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Return on Investment (ROI) (PBT/Networth) |
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(1991.86) |
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Debt Equity Ratio (Total Liability/Networth) |
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2.52 |
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Current Ratio (Current Asset/Current Liability) |
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21.85 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8
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Corporate
identity number (CIN) Foreign company registration number |
U27205MH2006PTC163163 |
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Name of the
Company |
BELLA JEWELLERY PRIVATE LIMITED |
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Address |
818, Prasad Chembers, Opera House, Mumbai – 400004, Maharashta, India |
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This form is for |
Creation of
charge |
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Type of Charge |
Movable property (Not being pledge) |
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Particulars of
the charge holder |
Union Bank of
India Oversea Branch,
Unit 007, Block No. II, Complex, Marol Industrial Area, Andheri, Mumbai –
400096, Maharashtra, India |
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Nature or
description of the instrument(s) creating or modifying the charge |
General Term Loan
Agreement |
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Date of the
instrument creating or modifying the charge |
14.07.2007 |
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Amount secured by
the charge |
Rs.10.130
Millions |
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Brief particulars
of the principal terms and conditions and extent and operation of the charge |
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Short particulars of the property charged
(including location of the property) |
Hypothecation by
way of first charge of all plant and machinery, Furniture and Fixture and
other Fixed Assets expect Gala (Present and Future) etc. |
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Particular of the
present modification |
N.A. |
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.49 |
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UK Pound |
1 |
Rs.78.33 |
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Euro |
1 |
Rs.56.78 |
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. |
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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