MIRA
INFORM REPORT
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Report Date : |
29.12.2008 |
IDENTIFICATION DETAILS
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Name : |
S R CORPORATE SERVICES PRIVATE LIMITED |
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Registered Office : |
Room No. 2, Third Floor, Abbas Manzil, Sahar Road, Chakala, Andheri
(East), Mumbai – 400 099, Maharashtra |
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Country : |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
31.10.2006 |
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Com. Reg. No.: |
165308 |
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CIN No.: [Company
Identification No.] |
U74140MH2006PTC165308 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMS53751F / MUMS53847D |
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PAN No.: [Permanent
Account No.] |
AAKCS2405C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is Engaged in Offering Services like Foreign Investment,
Formation of Entity, Ready Made Companies, Business Registration Services and
Accounts Outsourcing Services |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 5000 |
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Status : |
Small Company |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a 2 years old and relatively small company in its field.
Trade relations are fair. Scale of activity is limited. No complaints have
been heard. The company can be considered for small to mediocre business dealings.
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INFORMATION PARTED BY
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Name : |
Mr. Manoj Karnani |
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Designation : |
Director |
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Date : |
27.12.2008 |
LOCATIONS
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Registered Office : |
Room No. 2, Third Floor, Abbas Manzil, Sahar Road, Chakala, Andheri (East),
Mumbai – 400 099, Maharashtra, India |
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Corporate Office : |
11, Mistri Industrial Estate, MIDC, |
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Tel. No.: |
91-22-28200310 / 40263556 / 40263557 / 40263558 / 40263559 |
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Mobile No.: |
91-9322216142 |
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Fax No.: |
91-22-40263557 |
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E-Mail : |
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Website : |
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Area : |
700 Sq. ft. |
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Location : |
Owned |
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Branch Office 1 : |
Located at MIDC, Andheri, Mumbai, |
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Area : |
600 Sq. ft. |
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Location : |
Leased |
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Branch Office 2 : |
Located at ·
E 114, ·
Mumbai ·
·
Ahmedabad ·
·
·
Jaipur |
DIRECTORS
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Name : |
Mr. Rohit Dubey |
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Designation : |
Director |
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Address : |
C 108, |
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Date of Birth/Age : |
04.06.1977 |
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Name : |
Mr. Rakesh Parik |
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Designation : |
Director |
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Address : |
B 502/503, Gaurav Shikhar, |
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Date of Birth/Age : |
16.06.1976 |
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Qualification : |
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Name : |
Mr. Chintamani Dubey |
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Designation : |
Director |
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Date of Birth/Age : |
31 Years |
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Qualification : |
B.Com |
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Name : |
Mr. Narayan Toshniwal |
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Designation : |
Director |
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Date of Birth/Age : |
40 Years |
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Qualification : |
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Name : |
Mr. Manoj Karnani |
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Designation : |
Director |
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Date of Birth/Age : |
31 Years |
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Qualification : |
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Name : |
Mr. Dilip Singh |
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Designation : |
Director |
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Date of Birth/Age : |
32 Years |
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Qualification : |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(As on 2006)
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Names of Shareholders |
No. of Shares |
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Rohit Dubey |
5000 |
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Rakesh Parik |
5000 |
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Total |
10000 |
BUSINESS DETAILS
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Line of Business : |
Subject is Engaged in Offering Services like Foreign Investment,
Formation of Entity, Ready Made Companies, Business Registration Services and
Accounts Outsourcing Services |
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Services : |
·
Foreign Investment ·
Formation of Entry ·
Ready Made Companies ·
Business Registration Services ·
Accounts Outsourcing Services |
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Exports : |
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Countries : |
·
US ·
·
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GENERAL INFORMATION
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No. of Employees : |
65 |
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Bankers : |
HDFC Bank, |
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Banking Relations
: |
- |
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Auditors : |
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Name : |
Soni Agarwal and Company Chartered Accountant |
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Associates/Subsidiaries : |
S R Staffing Service Private Limited |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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Not Available |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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62000 |
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Rs.10/- each |
Rs.0.620
million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.620 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.340 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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0.960 |
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LOAN FUNDS |
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1] Secured Loans |
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0.413 |
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2] Unsecured Loans |
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0.270 |
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TOTAL BORROWING |
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0.683 |
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DEFERRED TAX LIABILITIES |
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0.004 |
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TOTAL |
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1.647 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.773 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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2.034 |
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Cash & Bank Balances |
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0.392 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.255 |
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Total
Current Assets |
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2.681 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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1.634 |
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Provisions |
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0.173 |
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Total
Current Liabilities |
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1.807 |
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Net Current Assets |
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0.874 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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1.647 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2008 |
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Professional Fees |
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6.943 |
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Income from DCS |
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0.052 |
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Total Income |
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6.995 |
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Profit/(Loss) Before Tax |
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0.435 |
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Provision for Taxation |
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0.150 |
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Profit/(Loss) After Tax |
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0.285 |
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Expenditures : |
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Operating and Other Expenses |
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6.339 |
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Interest -
Others |
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0.051 |
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Depreciation & Amortization |
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0.170 |
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Total Expenditure |
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6.560 |
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KEY RATIOS
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PARTICULARS |
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31.03.2008 |
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PAT / Total Income |
(%) |
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4.07 |
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Net Profit Margin (PBT/Sales) |
(%) |
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6.27 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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12.59 |
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Return on Investment (ROI) (PBT/Networth) |
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0.45 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.59 |
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Current Ratio (Current Asset/Current Liability) |
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1.48 |
LOCAL AGENCY FURTHER INFORMATION
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Additional Requirement of Indiamart
for Trust-Seal |
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Service Tax No. : ST/MUM/DIV III / MRA/967/06-07 |
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Excise Registration No.: NA |
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VAT / TIN : NA |
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IEC Code : NA |
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PAN / TAN : AAKCS2405C |
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Bank Name : HDFC Bank |
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Bank Address : Andheri (East) |
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Bank A/c. No.: 6682000000068 |
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Account Since : June 2007 |
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In case of any affiliations / memberships / certifications : |
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Name : -- |
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Type : -- |
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Expiry Date : -– |
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Trade References
·
Tata Consultancy
·
Doka
·
Platinum Guild
·
A S K
Web Details
Profile
Incepted in the year 2003, Subject
is a direct investment consultant provider in foreign direct investment
and business set up for global companies in
The well experienced chartered accountants are involved with various fields of
FDI including business setting up, business registrations and accounting.
Backed by the industrious efforts they are also able to offer services for
auditing and assurance services, business accounting services and exclusive
business assurance services in
Business Philosophy
They are focused in offering complete and integrated services to the
global clients. The valued and qualitative direct investment consultants provide
consultancy services which are based on the following business philosophy:
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Providing multiple business services to the client
with defined approach
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Challenging themselves in providing efficient and
effective service
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Focusing on client requirement and satisfaction
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Immediate and fastest business services in
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Offering suitable domestic accounting outsourcing
model to client
The Services
They provide integrated solution to the clients with the services in
business set up services, FDI in Indian industries, business registration
services, outsourcing of accounting and providing virtual office to the foreign
clients including medium and small enterprises in India. The wide assortment of
service is available in categories such as direct investment consultant,
foreign investment, foreign investment structuring, investment through
automatic route, direct investment, investment in prohibited sectors, formation
of the entity, company formation, branch office registration, liaison office
formation, ready made companies, company formation, branch office registration,
liaison office formation, ready made companies, plain companies, shelf
companies, tan consultancy, vat consultancy, incorporation consultancy,
business registration services, business registration, accounts outsourcing,
account process outsourcing services and corporate finance services.
Under the foreign investment they offer services for Foreign Investment structuring, Investment
through
Some of the salient features of the services encompass of the following:
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Reliable
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Timely services
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Cost effective
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Personalized
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Flexible
Being focused in this area, they are able to provide and fulfill client
requirement through the systematic approach and in a planned manner.
Industries and Sectors
The services are available and suitable for the global clients in the
following industries and sectors in
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Chemical
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Ayurvedic and Pharmaceutical
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Aviation
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Paper and paper board
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Printing
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Petrochemical
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Textile and garments
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Plastic
For financial and service sector they are able to cater the services
including:
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Banking
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Shares and stock brokers
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Courier Services
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Information Technology
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Entertainment and Media
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.89 |
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|
1 |
Rs.70.84 |
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Euro |
1 |
Rs.67.37 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
YES |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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27 |
This score serves as a reference to assess SC’s 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
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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 |
|
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 |
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<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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