MIRA
INFORM REPORT
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Report Date : |
20.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
DACSS
GRANITES PRIVATE LIMITED |
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Registered Office : |
No.24,
RMV, 2nd Stage, 2nd Block, Nagasetty Halli,
Sanjaynagar, Bangalore, Karnataka |
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Country : |
India |
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Date of Incorporation : |
17.02.2005 |
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Com. Reg. No.: |
08-35631 |
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CIN No.: [Company
Identification No.] |
U05190KA2005PTC035631 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRD04689G |
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PAN No.: [Permanent
Account No.] |
AACCD3486G |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
To
establish and carry on all or any industry, trade of business of preparing,
mining, cutting, polishing, processing, treating, exporting, importing,
buying, selling or otherwise dealing in all types of granites, lime stones,
marbles, sand stone, tiles and other building materials and colour stones of
every description and types, including setting, processing of marbles and
colour stones. To
purchase, acquire, take on lease and work, establishes any mines and process,
treat or deal in the material including bye products of mining and establish
factory for processing, finishing, treating or conversion of the same into
Industrial and saleable material. |
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 : |
New
Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
In
absence of financials and business details, it would be advisable to deal
with the company on safe and secured trade terms and conditions. Management
remained non-cooperative during current investigation. |
LOCATIONS
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Registered Office : |
No.24,
RMV, 2nd Stage, 2nd Block, Nagasetty Halli,
Sanjaynagar, Bangalore, Karnataka, India |
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Factory
1 : |
Plot
No.25, DIADB Industrial Area, Antharasanahall, Tumkur-572106, Karnataka,
India |
DIRECTORS
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Name : |
Mr.
D.V.K. Chalapathy |
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Designation : |
Director |
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Address : |
No.201,
Paritosh Apartment, 11, 2nd Main, 2nd Cross,
Sanjaynagar, Bangalore, Karnataka, India |
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Date of Appointment : |
17.02.2005 |
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Name : |
Mr. D.
Aswani Kumar Reddy |
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Designation : |
Director |
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Address : |
No.201,
Paritosh Apartment, 11, 2nd Main, 2nd Cross,
Sanjaynagar, Bangalore, Karnataka, India |
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Date of Appointment : |
17.02.2005 |
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Name : |
Mr. D.
Tejkumar |
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Designation : |
Director |
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Address : |
No.201,
Paritosh Apartment, 11, 2nd Main, 2nd Cross,
Sanjaynagar, Bangalore, Karnataka, India |
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Date of Appointment : |
17.02.2005 |
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Name : |
Mr. V.
Srilakshmi |
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Designation : |
Director |
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Address : |
No.201,
Paritosh Apartment, 11, 2nd Main, 2nd Cross,
Sanjaynagar, Bangalore, Karnataka, India |
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Date of Appointment : |
17.02.2005 |
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Name : |
Mr. C.
Swarajlakshmi |
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Designation : |
Director |
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Address : |
No.201,
Paritosh Apartment, 11, 2nd Main, 2nd Cross,
Sanjaynagar, Bangalore, Karnataka, India |
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Date of Appointment : |
17.02.2005 |
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Name : |
Mr. N.
Triveni |
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Designation : |
Director |
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Address : |
No.201,
Paritosh Apartment, 11, 2nd Main, 2nd Cross, Sanjaynagar, Bangalore,
Karnataka, India |
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Date of Appointment : |
17.02.2005 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
No. of Shares |
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Mr. D.
Aswani Kumar Reddy |
9000 |
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Mr. C.
Swarajlakshmi |
1000 |
BUSINESS DETAILS
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Line of Business : |
To
establish and carry on all or any industry, trade of business of preparing,
mining, cutting, polishing, processing, treating, exporting, importing,
buying, selling or otherwise dealing in all types of granites, lime stones,
marbles, sand stone, tiles and other building materials and colour stones of
every description and types, including setting, processing of marbles and
colour stones. To
purchase, acquire, take on lease and work, establishes any mines and process,
treat or deal in the material including bye products of mining and establish
factory for processing, finishing, treating or conversion of the same into
Industrial and saleable material. |
CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
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3500000 |
Equity
Shares |
Rs.10/- each |
Rs.35.000 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/- each |
Rs.0.100 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
Financials :
No
financials are available as the subject is a new company.
LOCAL AGENCY
FURTHER INFORMATION
Nil
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.44.25 |
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UK
Pound |
1 |
Rs.86.41 |
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Euro |
1 |
Rs.58.10 |
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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