MIRA
INFORM REPORT
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Report Date : |
25.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
VISHAL SHUTTERING PRIVATE LIMITED |
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Registered Office : |
Plot No. 419, Sector – 37, Pace City – II, Gurgaon -122 001, Haryana |
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Country : |
India |
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Date of Incorporation : |
09.09.2006 |
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Com. Reg. No.: |
153419 |
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CIN No.: [Company
Identification No.] |
U70109DL2006PTC153419 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELV07832G |
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PAN No.: [Permanent
Account No.] |
AACCV4580F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers of Scaffolding and Shuttering 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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to publish its first financials. We
spoke to Mr. Yogesh Goel who parted some general information and despite of his
confirmation that Mr. Sher Singh (Accountant) will send us all the other
information and summarized financials nothing has been received till date. No
satisfactory answer could be received during several follow-ups. The company can be considered for any business dealings on fully safe
and secured trade terms and conditions, only. |
LOCATIONS
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Registered Office : |
D-11/44, Ist Floor, Sector-8, Rohini, New Delhi-110 085 |
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Tel. No.: |
91-124-4266820 / 4266830 / 2200676 / 4266810 |
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Mobile No.: |
91-9899820820 / 9873473474 |
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Fax No.: |
91-124-4266810 |
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E-Mail : |
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Works : |
Plot No. 419, Sector – 37, Pace City-II, Gurgaon-122 001, Haryana,
India |
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E-Mail : |
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Area : |
Approx 1000 Sq. mtr |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Surjeet Goel |
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Designation : |
Director |
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Address : |
F-1U / 45, Pitam Pura, New Delhi-110 008 |
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Date of Birth/Age : |
26.06.1967 |
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Date of Appointment : |
09.09.2006 |
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Name : |
Mrs. Shilpa Goel |
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Designation : |
Director |
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Address : |
F – 1U / 45, Pitam Pura, New Delhi-110 008 |
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Date of Birth/Age : |
20.06.1972 |
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Date of Appointment : |
09.09.2006 |
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Name : |
Mr. Suresh Chand Goel |
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Designation : |
Additional Director |
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Address : |
16, Park View Appartment, Sector-15-II, Gurgaon-122 001, Haryana |
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Date of Birth/Age : |
02.04.1962 |
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Date of Appointment : |
16.10.2006 |
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Name : |
Mr. Yogesh Goel |
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Designation : |
Additional Director |
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Address : |
F-1U/45, Pitam Pura, New Delhi-110 008 |
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Date of Birth/Age : |
30.12.1986 |
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Date of Appointment : |
16.10.2006 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
Percentage of
Holding |
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Mr. Surjeet Goel |
5000 |
50.00 |
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Mrs. Shilpa Goel |
5000 |
50.00 |
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Total |
10000 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of Scaffolding and Shuttering Material. |
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Products : |
v Scaffolding and
Shuttering Material v Steel Plate v Steel Farm v ‘U’ and Base
Jack Scaff v Pipe v Clamp Pallo v Plank v Gola and All
shuttering material on hire basis |
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Agencies Held : |
v H L Steel, Himachal Pradesh v Citizen Ispat,
Ghaziabad |
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Exports : |
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Products : |
v Scaffolding and Shuttering
Material v Steel Plate v Steel Farm v ‘U’ and Base
Jack Scaff v Pipe v Clamp Pallo v Plank v Gola and All
shuttering material on hire basis |
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Countries : |
v Domestic Market v South India v North India |
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Terms : |
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Selling : |
Cash, Credit, A/P, Cheque |
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Purchasing : |
Cash, Credit (30 days) |
GENERAL
INFORMATION
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Customers : |
v Wholesalers v Builders v Contractors |
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No. of Employees : |
40 |
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Bankers : |
Oriental Bank of Commerce, Gurgaon Branch |
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Facilities : |
The company enjoys C/C facility from its bankers. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mr. Tarun Jain Chartered Accountants |
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Address : |
805,Padma Tower-I, S Rajendra Place, New Delhi-110 008 |
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Associates/Subsidiaries : |
Touchwood
Projects Private Limited CIN : U45201DL1999PTC102070 Registration No.: 102070 Registration Date: 21.10.1999 Registered Office : D-11/44, Ist Floor, Sector-8, Rohini, New
Delhi-110 085 Authorised Capital : Rs.3.000 Millions Paid Up Capital : Rs.0.119 Million Citizen Ispat Private Limited CIN : U27109DL2003PTC122916 Registration Date: 04.11.2003 Registered Office : Shop No. 43, LSC, D
Block Market, Prashant Vihar, Sector-14, Rohini, New Delhi-110 085 Authorised Capital : Rs.10.000 Millions Paid Up Capital: Rs.7.364 Millions Superior Projects Private Limited CIN : U45201DL1999PTC100969 Registration No.: 100969 Registration Date : 03.08.1999 Registered Office : 6/79, W E A, Karol Bagh,
Padam Singh Road, New Delhi-110 005 Authorised Capital : Rs.1.500 Millions Paid Up Capital : Rs.1.500 Millions |
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500
Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
New Company
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
v
Shivalik Build Tek Private Limited
v
New Edge Private Limited
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.39.40 |
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UK Pound |
1 |
Rs.78.28 |
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Euro |
1 |
Rs.58.23 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
1 |
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--CREDIT LINES |
1~10 |
1 |
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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 |
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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10 |
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 |
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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. |
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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