MIRA
INFORM REPORT
|
Report Date : |
31.10.2007 |
IDENTIFICATION
DETAILS
|
Name : |
C I 2 JEWELLERY PRIVATE LIMITED |
|
|
|
|
Registered Office : |
615-624, Parekh Market, 39, Kennedy Bridge, Opera House, Mumbai –
400004, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
-- |
|
|
|
|
Date of Incorporation : |
16.08.2007 |
|
|
|
|
Com. Reg. No.: |
163558 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U27205MH2006PTC163558 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMC14545G |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AACCC8614P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturers and Exporters of Studded Gold, Studded Platinum and Studded
Silver. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Undetermined |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
Maximum Credit Limit : |
--- |
|
|
|
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company and yet to establish it’s track. No payments
records are known. Initially, the company can be considered for any business dealings on
safe and secured trade terms and conditions. |
LOCATIONS
|
Registered Office : |
615-624, Parekh Market, 39, Kennedy Bridge, Opera House, Mumbai –
400004, Maharashtra, India |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
Plot No. G J – 05, Seepz + +, Seepz – Sez, Andheri [East], Mumbai –
400096, Maharashtra, India |
|
Tel. No.: |
91-22-28290055 / 28290056 |
|
Fax No.: |
91-22-28290317 |
DIRECTORS
|
Name : |
Mr. Ashwinkumar Mehta |
|
Designation : |
Director |
|
Address : |
2 Aryavarta, 351, Naryan Dabholkar Marg, Near Government Guest House,
Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
09.10.1946 |
|
Other Directorship : |
M Suresh Exports Private Limited U36910MH1991PTC064190 |
|
Partnership held in partnership firm : |
Exquisite Jewellery G-7, Gems and Jewellery Complex – II, Seepz – Sez, Andheri [East],
Mumbai – 400096, Maharashtra, India |
|
|
|
|
Name : |
Mr. Shaileshkumar Mehta |
|
Designation : |
Director |
|
Address : |
A – 72, Maker Tower, Cuff Parade, Mumbai – 400005, Maharashtra, India |
|
Date of Birth/Age : |
14.09.1949 |
|
|
|
|
Name : |
Mr. Ashish Mehta |
|
Designation : |
Director |
|
Address : |
2 Aryavarta, 351, Naryan Dabholkar Marg, Near Government Guest House,
Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
14.01.1972 |
|
Other Directorship : |
Exquisite Jewellery G-7, Gems and Jewellery Complex – II, Seepz – Sez, Andheri [East],
Mumbai – 400096, Maharashtra, India |
|
|
|
|
Name : |
Mr. Minesh Shah |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Himanshu Shah |
|
Designation : |
Director |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Ashwinkumar Mehta |
|
400000 |
|
Shaileshkumar Mehta |
|
400000 |
|
Shobhana Mehta |
|
125000 |
|
Nita S. Mehta |
|
125000 |
|
Ashish A Mehta |
|
100000 |
|
Shanay Mehta |
|
100000 |
|
Total |
|
1250000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Exporters of Studded Gold, Studded Platinum and
Studded Silver. |
GENERAL
INFORMATION
|
Bankers : |
Not Available |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Subsidiary : |
M Suresh Exports Private Limited U36910MH1991PTC064190 |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1250000 |
Equity Shares |
Rs. 10/-
each |
Rs. 12.500
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
No financial details are available as the subject is a new company.
Management remained non-cooperative during current investigation.
LOCAL AGENCY
FURTHER INFORMATION
Business
To carry on the business of manufacturing, processing, preparing, fabricating,
designing, developing, melting, altering, refining, finishing, polishing,
importing, exporting or otherwise dealing in jewellery, ornaments, articles,
things and related things made from wholly of gold, silver, diamond, platinum,
precious or semi precious or any types of metals or any combination and alloys
thereof, imitation, artificial, studded jewellery / ornaments. Precious, semi
precious stones whether real or cultured including pearls, rubles, emeralds,
sapphires, corals, diamonds and to carry on the business as gold smith,
jewellers in general by whatever name called.
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.39.32 |
|
UK Pound |
1 |
Rs.81.35 |
|
Euro |
1 |
Rs.56.75 |
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. |
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 |
|