MIRA
INFORM REPORT
|
Report Date : |
12.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
CONTINENTAL SALES
EMPORIUM PRIVATE LIMITED |
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Registered Office : |
B 244, Greater
Kailash Part 1, New Delhi 110029 |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
06.06.2003 |
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Com. Reg. No.: |
55-120772 |
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CIN No.: [Company Identification No.] |
U52208DL2003PTC120772 |
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TAN No.: [Tax Deduction & Collection Account No.] |
DELC05899F |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Trading
Activities |
RATING &
COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED
CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable
to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 30000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well
established company having satisfactory track. Trade relations are fair.
Payments are slow but correct. The company can
be considered normal for business dealings at usual trade terms and
conditions. |
LOCATIONS
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Registered Office : |
B 244, Greater
Kailash Part 1, New Delhi 110029 |
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Tel. No.: |
91-11-61730351/52 |
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Fax No.: |
91-11-61730355 |
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Corporate Office : |
42/A, Krishna
Nagar, Safdarjung Enclave, New Delhi 110029, India |
DIRECTORS
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Name : |
Mr. Marwah Bheja
Ram |
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Designation : |
Director |
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Address : |
A/17, Defence
Colony, New Delhi 110003 |
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Date of Birth/Age : |
07.12.1929 |
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Date of Appointment : |
06.06.2003 |
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Name : |
Mr. Marwah
Prakash Suraj |
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Designation : |
Director |
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Address : |
W 121, G K 1,
New Delhi 110048 |
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Date of Birth/Age : |
15.06.1930 |
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Date of Appointment : |
06.06.2003 |
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Name : |
Mr. Sethia Singh
Rajendra |
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Designation : |
Director |
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Address : |
N 75, Sainik
Farms, New Delhi 110062 |
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Date of Birth/Age : |
05.12.1946 |
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Date of Appointment : |
01.07.2003 |
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Name : |
Mr. Bagga Gurdeep
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Designation : |
Director |
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Address : |
Flat No. 3,
jangpura Market, New Delhi 110014 |
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Date of Birth/Age : |
27.01.1958 |
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Date of Appointment : |
01.07.2003 |
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Name : |
Mr. Chawla Vishal
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Designation : |
Director |
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Address : |
R 233, G K 1,
New Delhi 110048 |
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Date of Birth/Age : |
16.09.1966 |
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Date of Appointment : |
01.07.2003 |
MAJOR SHAREHOLDERS
|
Names of
Shareholders |
No. of Shares |
Percentage of Holding |
|
Mr. Marwah Bheja
Ram |
5000 |
0.72 |
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Mr. Marwah
Prakash Suraj |
5000 |
0.72 |
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Mr. Sethia Singh
Rejendra |
187000 |
26.99 |
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Mr. Bagga Gurdeep
|
26500 |
3.82 |
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M/s. Arsey
Hosiery Private Limited |
10000 |
1.44 |
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M/s. Vibhor
Garments Private Limited |
10000 |
1.44 |
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M/s. Prateek
Hotels Private Limited |
30000 |
4.32 |
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Mr. Jain Kumar
Vivek |
10000 |
1.44 |
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M/s. Glitz Media
Private Limited |
10000 |
1.44 |
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M/s. Upper India
Sugar Mills Private Limited |
10000 |
1.44 |
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M/s. A K G Metals
Private Limited |
10000 |
1.44 |
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M/s. Adequate
Transport & Tours Limited |
20000 |
2.88 |
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Mr. Guora Kumar
Kuldeep |
20000 |
2.88 |
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Mr. Burman Mohit |
50000 |
7.21 |
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M/s. L A India
Services Private Limited |
10000 |
1.44 |
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Mr. Aruna Goenka |
50000 |
7.21 |
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Mr. A K Puri |
100000 |
14.42 |
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Mr. Jagdish
Madnawi |
10000 |
1.44 |
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Mrs. Anju Madnawi
|
10000 |
1.44 |
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Ms. Ria Madnawi |
10000 |
1.44 |
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Ms. Kamla Madnawi
|
10000 |
1.44 |
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Mr. Varun Madnawi
|
10000 |
1.44 |
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Ms. Sonia Shahni |
80150 |
11.55 |
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Total |
693650 |
100 |
BUSINESS DETAILS
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Line of Business : |
Trading
Activities |
GENERAL INFORMATION
|
Suppliers : |
v
Continental
Sales Emporium v
T T & G
Trading Private Limited v
Gold Card
Traders v
BSS Trading
Company v
Pure Bond
Limited v
Regency
International v
Sanrak
Computer Consultants |
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Customers : |
v China Embassy v
Combodia
Embassy v
Korea
Embassy v
Vietnam
Embassy v
Kytn Embassy
v
Mahavir
Trading Company v
Silver Line
Trading Company v
Triputi
Trading Company v
VKC Credit
& Forex |
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No. of Employees : |
10 |
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Bankers : |
v
Indian Bank v
Punjab
National Bank v
HDFC Bank |
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Facilities : |
Secured Loan HDFC Car Loan
Rs. 0.847 Millions Secured against
hypothecation of Car |
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Banking Relations : |
Satisfactory |
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Auditors : |
M/s. Naresh K
Gupta Chartered
Accountant |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised
Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs. 10/- Each |
Rs. 10.000 Millions |
Issued,
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
693650 |
Equity Shares |
Rs. 10/- Each |
Rs. 6.936 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
|
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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6.936 |
0.100 |
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2] Share Application Money |
|
0.000 |
7.196 |
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3] Reserves & Surplus |
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0.372 |
0.150 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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7.308 |
7.446 |
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LOAN FUNDS |
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1] Secured Loans |
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0.847 |
0.000 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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TOTAL BORROWING |
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0.847 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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8.155 |
7.446 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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1.064 |
0.243 |
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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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1.539 |
1.811 |
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Sundry Debtors |
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14.038 |
7.615 |
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Cash & Bank Balances |
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(0.175) |
0.116 |
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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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0.341 |
0.282 |
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Total Current Assets |
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15.743 |
9.824 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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8.612 |
2.716 |
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Provisions |
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0.197 |
0.084 |
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Total Current Liabilities |
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8.809 |
2.800 |
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Net Current Assets |
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6.934 |
7.024 |
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MISCELLANEOUS EXPENSES |
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0.157 |
0.179 |
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TOTAL |
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8.155 |
7.446 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
|
31.03.2005 |
31.03.2004 |
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Sales Turnover [including other income] |
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15.925 |
8.967 |
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Profit/(Loss)
Before Tax |
|
0.397 |
0.234 |
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Provision for
Taxation |
|
0.175 |
0.083 |
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Profit/(Loss)
After Tax |
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0.222 |
0.151 |
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Import Value |
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0.502 |
1.190 |
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Total Expenditure |
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15.527 |
8.733 |
KEY RATIOS
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PARTICULARS |
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31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
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1.39 |
1.68 |
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Net Profit Margin (PBT/Sales) |
(%) |
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2.49 |
2.60 |
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Return on Total
Assets (PBT/Total Assets} |
(%) |
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2.36 |
2.32 |
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Return on
Investment (ROI) (PBT/Networth) |
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0.05 |
0.03 |
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Debt Equity Ratio (Total
Liability/Networth) |
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1.32 |
0.37 |
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Current Ratio (Current
Asset/Current Liability) |
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1.78 |
3.50 |
LOCAL AGENCY FURTHER INFORMATION
Fixed
Assets
v
Air
Conditioners
v
Computer
v
Inventor
v
Refrigerators
v
EPABX System
v
Vehicles
v
Water
Purifier
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 Intl
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 companys 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.44.31 |
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UK Pound |
1 |
Rs.85.47 |
|
Euro |
1 |
Rs.58.47 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
45 |
This score serves as a reference to assess SCs credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
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/normal. |
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 |
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