MIRA
INFORM REPORT
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Report Date : |
21.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
NEELESH KANADE BIOTECH PRIVATE LIMITED |
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Registered Office : |
413/ B-1, Finix House, Shaniwar Peth, Pune 411 030, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
12.06.2007 |
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Com. Reg. No.: |
11-130298 |
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CIN No.: [Company
Identification No.] |
U01120PN2007PTC130298 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNEN06016D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Producer of Pharmaceutical Drugs for biotechnology
and further development. |
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 a part of NG Group who claims to have
huge land bank in Pune. The Group has completed several multi-crore project
and some are in pipelines. However, while looking at the subject it has no track. Given telephone
nos, fax and mobile on the web are disconnected. Initially, it would be prudent to deal with the company on fully safe
and secured trade terms and conditions. |
LOCATIONS
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Registered Office : |
413/ B-1, Finix House, Shaniwar Peth, Pune 411 030, Maharashtra,
India |
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E-Mail : |
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Website : |
http://neeleshkanadegroup.com (Group Web) |
DIRECTORS
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Name : |
Mr. Neelesh Satish Kanade |
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Designation : |
Director |
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Address : |
413/ B-1, Finix House, Shaniwar Peth, Pune 411 030, Maharashtra,
India |
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Date of Birth/Age : |
01.03.1970 |
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Other Directorships : |
CIN No.: U45202MH1997PTC108048
CIN No.: U45201PN2005PTC020633
CIN No.: U26999PN2005PTC021100
CIN No.: U51909PN1998PTC012532
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Name : |
Mrs. Rupa Neelesh Kanade |
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Designation : |
Director |
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Address : |
413/ B-1, Finix House, Shaniwar Peth, Pune 411 030, Maharashtra,
India |
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Date of Birth/Age : |
14.06.1973 |
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Other Directorships : |
CIN No.: U45201PN2005PTC020633
CIN No.: U26999PN2005PTC021100 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 30.05.2007
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Names of Shareholders |
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No. of Shares |
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Mr. Neelesh S Kanade |
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8500 |
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Mrs. Rupa N Kanade |
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1500 |
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LIST OF ALLOTEE |
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Mr. Neelesh S Kanade |
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179000 |
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Mrs. Rupa N Kanade |
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36000 |
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Mr. Sanjeev Narayan Kulkarni |
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25000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Producer of Pharmaceutical Drugs for biotechnology
and further development. |
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Products : |
Pharmaceutical Drugs |
GENERAL
INFORMATION
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Bankers : |
Not Available |
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Banking
Relations : |
Unknown |
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Sister Concerns : |
CIN No.: U45202MH1997PTC108048
CIN No.: U45201PN2005PTC020633
CIN No.: U26999PN2005PTC021100
CIN No.: U51909PN1998PTC012532
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Group Companies : |
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CAPITAL STRUCTURE
Not Available
FINANCIAL DATA
[all figures are in Rupees Millions]
No financial are available as the subject is a
new company.
LOCAL AGENCY FURTHER
INFORMATION
AS PER WEB:
Profile
The company having Joint Venture with the German Group " Aqua-
Consult" GmbH with share Holding of 51% Through JV company In India for
Asia-Pacific namely" Pyramid aqua & waste Systems Pvt. Ltd. The group
turnover of Aqua consult is around 100 million euro's. With world Wide project
execution of over 800 projects of Municipal Waste - to - Power and De-
Centralize waste Water Treatment Plant.
Waste water treatment plants, Waste water to power plants, Municipal solid
waste to power plants, Waste plastic to fuel technology, Agriculture waste to
power plants.
Completed Projects
- Satya Sai Atman, Bibwewadi, Pune
- Satya Sai Atman, Dhanakwadi, Pune
- Vivekanand Nagar, Nashik
- Chinmay Nagar, Gujarat
- Chaitanaya Hospital, Pune
Ongoing Projects
- Punawale, Mumbai – Pune Highway
- Kiwale, Mumbai – Pune Highway
- Valen by the Lake, Kolvan and Paud
Future Projects
- Dhumalwadi, Pune
- Near Khalapur
- Mulshi
- South Goa
It is in trade terms with:
- GSK Capital Investment Pte Ltd, Korea
- Peninsula Land Limited
- India China Economic and Cultural Council (ICEC Council)
- Pyramid Aqua Waste Systems Private Limited
- ABN Amro Bank
- Deutsche Bank
- Raza Exports, Switzerland
- ICICI Bank 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 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.67 |
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UK Pound |
1 |
Rs.83.41 |
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Euro |
1 |
Rs.66.39 |
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 |
2 |
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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 |
-- |
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--LEVERAGE |
1~10 |
-- |
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--RESERVES |
1~10 |
-- |
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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 |
NO |
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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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9 |
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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