MIRA
INFORM REPORT
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Report Date : |
26.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
BHARAJ MACHINERIES PRIVATE LIMITED |
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Registered Office : |
15, Sadhna Industrial Estate, Near Oshiwara Bridge, Jogeshwari (West),
Mumbai – 400102 |
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Country : |
India |
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Financials (as on) : |
31.03.1999 |
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Date of Incorporation : |
28.05.1997 |
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Com. Reg. No.: |
11-108300 |
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CIN No.: [Company
Identification No.] |
U51500MH1997PTC108300 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMB16348D |
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PAN No.: [Permanent
Account No.] |
AAACB9138P |
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Legal Form : |
Private Limited Liability Company
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Line of Business : |
Manufacturer of Rubber Processing Machinery and all kinds of Hydraulic
Presses |
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 : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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Comments : |
As per Registry, subject can be said as defunct company having no
track. In absence of financial details from any sources it can be considered
for any business dealings on safe and secured trade terms and conditions,
only |
LOCATIONS
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Registered Office : |
15, Sadhna Industrial Estate, Near Oshiwara Bridge, Jogeshwari (West),
Mumbai - 400102 |
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Tel. No.: |
91-22-26780928/26780894 |
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Fax No.: |
91-22-26784704 |
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E-Mail : |
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Factory 1 : |
Plot No. 12 & 13, Waliv, Taluka – Vasai, District – Thane |
DIRECTORS
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Name : |
Mr. Balrajsingh K Bharaj |
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Designation : |
Director |
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Address : |
24/12 Manali Evershine Nagar, Malad (West) Mumbai – 400064 |
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Date of Appointment : |
28.05.1997 |
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Name : |
Mr. Saitpalsingh K Bharaj |
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Designation : |
Director |
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Address : |
24/34 Manali Evershine Nagar, Malad (West) Mumbai – 400064 |
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Date of Appointment : |
28.05.1997 |
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Name : |
Mrs. Bharaj B M |
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Designation : |
Director |
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Address : |
24/12 Manali Evershine Nagar, Malad (West) Mumbai – 400064 |
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Date of Appointment : |
28.05.1997 |
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Name : |
Mr. Jagpan Singh B Bharaj |
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Designation : |
Director |
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Address : |
24/34 Manali Evershine Nagar, Malad (West) Mumbai – 400064 |
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Date of Appointment : |
20.11.2000 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
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Mr. Balrajsingh K Bharaj |
10 |
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Mrs. Bharaj B M |
10 |
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Mr. Saitpalsingh K Bharaj |
10 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Rubber Processing Machinery and all kinds of Hydraulic
Presses |
GENERAL
INFORMATION
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Employees |
10 |
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Bankers : |
Canara Bank, Malad (West), Mumbai – 400064 |
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Facilities : |
Cash Credit Facilities – 1.300 Millions All present and future stocks or raw materials, goods in process and
book debts and mortgage properties 24.02.2001 – Rs. 0.045 Millions Hypothecation of all goods |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Kersi R. Makhania Chartered Accountant |
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Address : |
Dhunraj Villa, Dhunbai Wadi, Ville Parle (West), Mumbai – 400056 |
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Tel. No.: |
91-22-26108103 |
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Memberships : |
Nil |
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Collaborators : |
Nil |
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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
Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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30 |
Equity Shares |
Rs. 100/- Each |
Rs. 0.003
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
No financials are available since year 1999
Mr. Balrajsingh Bharaj assured to provide financials and these are
awaited.
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.1999 |
31.03.1998 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.003 |
0.003 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.000 |
0.000 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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0.003 |
0.003 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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0.018 |
0.018 |
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TOTAL BORROWING |
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0.018 |
0.018 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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0.021 |
0.021 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.000 |
0.000 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
0.000 |
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Sundry Debtors |
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0.000 |
0.000 |
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Cash & Bank Balances |
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0.003 |
0.003 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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0.000 |
0.000 |
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Total
Current Assets |
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0.003 |
0.003 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.000 |
0.000 |
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Provisions |
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0.000 |
0.000 |
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Total
Current Liabilities |
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0.000 |
0.000 |
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Net Current Assets |
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0.003 |
0.003 |
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MISCELLANEOUS EXPENSES |
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0.018 |
0.018 |
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TOTAL |
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0.021 |
0.021 |
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LOCAL AGENCY
FURTHER INFORMATION
Directors Report
The company has yet commenced its business activity up to 31.03.1999.
However the management plans to soon start its business operation
The directors does not recommend any dividend. Since the company has not
started yet its business activity
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Name of the company |
BHARAJ MACHINERIES PRIVATE LIMITED |
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Presented By |
Canara Bank, Malad (West), Mumbai – 400064 |
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1) Date and description of instrument creating the change |
Term Loan Agreement
dated 07.06.2005 |
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2) Amount secured by the charge/amount owing on the securities of
charge |
Rs. 5.000
Millions |
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3) Short particular of the property charged. If the property acquired
is subject to charge, date of the acquired of the property should be given |
Freehold land
bearing Plot No. 12 & 13, Village, within limits of walive Grampanchayat
Samiti, Vasai (Thane), |
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4) Gist of the terms and conditions and extent and operation of the
charge. |
Interest @ 12.75%
subject to cheque from time to time payable quarterly 77 Instalments of
Rs. 0.064 Millions and last instalment of Rs. 0.072 Millions Interests as
when due |
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5) Name and Address and description of the person entitled to the
charge. |
Canara Bank, Malad (West), Mumbai – 400064 |
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6) Date and brief description
of instrument modifying the charge |
Not Available |
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7) Particulars of modifications specifying the terms and conditions or
the extent of operations of the charge in which modification is made and the
details of the modification. |
Not Available |
As per website Details
Profile
Incepted in 1970, Bharaj Machineries, is an icon amongst the manufacturing and exporting
units dealing into all kinds of Rubber
Processing Machineries. The company's vast product range includes – Vacuum Compression Moulding Machine,
Compression Moulding Machine, Rubber Mixing Mills, Hot and Cold Feed Extruders,
Bale Cutters, Calenders and Vulcanizers. Apart from covering a wide
range of products, they are also well known for their quality. They follow a
systematic and well organized working pattern, implementing improved plans and
policies for satisfactory results.
Products
- Vacuum Compression
Moulding Machine.
- Compression
Moulding Machine.
- Rubber Mixing
Mills.
- Hot and Cold
Feed Extruders.
- Bale Cutters.
- Calenders.
- Vulcanizers.
- Hydraulic
Press.
Key Features
- High quality.
- Latest
designing patterns.
- Most Hi-tech
Vacuum System.
- Updated
safety features are used in all machineries.
- Minimum
production time leads to high production.
- Easy
operating systems.
- Smooth
performance.
- Efficient
R&D department.
- Minimum
maintenance.
- Economical.
- Competitive
prices.
Specialty
They are well equipped with latest and
huge infrastructure coupled with dedicated
and efficient staff. They believe in team work and hence, they are strongly bonded as an organization. High quality standard is their prime concern area and they regularly
make attempts for further improvements.
As per their loyal clients, their customer
services is very quick and effective.
Vision
With an aim to become the most desired
manufacturing and export unit, they are sincerely moving ahead. And they
can proudly say that till date, they have conveniently managed their top position in national and international
market.
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Business Type |
Exporter ,
Manufacturer |
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Export
Percentage |
15% |
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Primary
Competitive Advantages |
International Quality.
Economical. Minimum Maintenance. |
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No of Staff |
10 |
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Year of
Establishment |
1970 |
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No of Production
Lines |
2 |
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Export Markets |
Australia,
Egypt, Kenya, UAE. |
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OEM Service
Provided |
Yes |
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No of Engineers |
6 |
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No of
Designer(s) |
4 |
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Product Range |
Vaccum
Compression Moulding Machine, Compression Moulding Machine, Rubber Mixing
Mills, Hot and Cold Feed Extruders, Bale Cutters, Calenders, Vulcanizers,
Hydraulic Press. |
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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.27 |
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UK Pound |
1 |
Rs.86.87 |
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Euro |
1 |
Rs.58.53 |
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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PRIVATE & CONFIDENTIAL : This information
is provided to you at your request, you having employed MIPL for such purpose.
You will use the information as aid only in determining the propriety of giving
credit and generally as an aid to your business and for no other purpose. You
will hold the information in strict confidence, and shall not reveal it or make
it known to the subject persons, firms or corporations or to any other. MIPL
does not warrant the correctness of the information as you hold it free of any
liability whatsoever. You will be liable to and indemnify MIPL for any loss,
damage or expense, occasioned by your breach or non observance of any one, or
more of these conditions