MIRA
INFORM REPORT
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Report Date : |
26.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
BASAR ALUMINIUM PRIVATE LIMITED |
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Registered Office : |
506, Town Centre, Andheri Kurla Road, Saki Naka, Mumbai – 400059,
Maharashtra |
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Country : |
India |
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Date of Incorporation : |
10.11.2006 |
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Com. Reg. No.: |
165475 |
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CIN No.: [Company
Identification No.] |
U27203MH2006PTC165475 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMB16956C |
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PAN No.: [Permanent
Account No.] |
AACCB9954F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers, Importers, Exporters, Traders and Distributors of Aluminium
Material and Aluminium Articles. |
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 : |
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 is yet
to file its first financials with the Government Departments. No further
information or payment could be made available. The company can be considered for any business dealings on fully safe
and secured trade terms and conditions, only. |
LOCATIONS
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Registered Office / Factory : |
506, Town Centre, Andheri Kurla Road, Saki Naka, Mumbai – 400059,
Maharashtra, India |
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Tel. No.: |
91-22-28507200 |
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Fax No.: |
91-22-28507205 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. Farhaz Asif Lakhani |
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Designation : |
Director |
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Address : |
83, Cyrus Avenus Al-Aba Building, 1st Floor, Flat No- A –
1, Motlibai Street, Agripada, Mumbai – 400011, Maharashtra, India |
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Date of Birth/Age : |
12.05.1985 |
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Date of Appointment : |
19.01.2007 |
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Name : |
Mr. Umer Mohamed Farooq Basar |
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Designation : |
Director |
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Address : |
T – 18, Dalal Estate, Lamigton Road, Mumbai Central, Mumbai – 400008,
Maharashtra, India |
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Date of Birth/Age : |
13.10.1983 |
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Date of Appointment : |
10.11.2006 |
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Name : |
Mrs. Rashida Basar |
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Designation : |
Director |
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Address : |
T – 18, Dalal Estate, Lamigton Road, Mumbai Central, Mumbai – 400008,
Maharashtra, India |
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Date of Birth/Age : |
01.06.1960 |
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Date of Appointment : |
10.11.2006 |
MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Mr. Umer Mohamed Farooq Basar |
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900 |
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Mrs. Rashida Basar |
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100 |
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Total |
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1000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers, Importers, Exporters, Traders and Distributors of
Aluminium Material and Aluminium Articles.
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GENERAL
INFORMATION
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Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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5000 |
Equity Shares |
Rs. 100/- each |
Rs. 0.500 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000 |
Equity Shares |
Rs. 100/- each |
Rs. 0.100 Million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
New Company
LOCAL AGENCY
FURTHER INFORMATION
The Registered Office of the company has been shifted from D – 2, Dalal
Estate, Dr. Bhadkamkar Marg, Mumbai Central, Mumbai – 400008, Maharashtra,
India to the present address w.e.f. 16.04.2007
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.39.43 |
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UK Pound |
1 |
Rs.78.40 |
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Euro |
1 |
Rs.57.22 |
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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