MIRA
INFORM REPORT
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Report Date : |
24.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
GHOSHAN SALES AND SERVICES PRIVATE LIMITED |
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Registered Office : |
2/ 418, Sector H, Jankipuram, Lucknow 226 021, Uttar Pradesh |
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Country : |
India |
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Date of Incorporation : |
12.06.2007 |
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Com. Reg. No.: |
33458 |
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CIN No.: [Company
Identification No.] |
U51109UP2007PTC033458 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer, Importer, Exporter and sale and services of consumer
products. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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 has not filed its first financials with
the Government Departments. No further details could be made available. The company can be considered for small to mediocre business dealings
on safe and secured terms, initially. |
LOCATIONS
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Registered Office : |
2/ 418, Sector H, Jankipuram, Lucknow 226 021, Uttar Pradesh,
India |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Chandradhar Diwjeshwar Tripathi |
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Designation : |
Director |
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Address : |
2/ 418, Sector H, Jankipuram, Lucknow 226 021, Uttar Pradesh,
India |
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Date of Birth/Age : |
01.01.1967 |
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Name : |
Mr. Parijat Maksoodan Mishra |
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Designation : |
Director |
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Address : |
B-12, Sector J, Aliganj, Lucknow 226 020, Uttar Pradesh, India |
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Date of Birth/Age : |
30.12.1974 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 31.05.2007
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Names of Shareholders |
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No. of Shares |
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Mr. Chandradhar Tripathi |
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5000 |
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Mr. Parijat Mishra |
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5000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Importer, Exporter and sale and services of consumer
products. |
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Products : |
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GENERAL
INFORMATION
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Bankers : |
Bank of India, MMS 2/13, Sitapur Road Scheme, Terhi Pulia, Kursi Road,
Lucknow 226 022, Uttar Pradesh, India |
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Facilities : |
The company enjoys mortgage facilities of Rs. 1.900 millions from it
banker. |
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Banking
Relations : |
-- |
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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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
Nil
LOCAL AGENCY
FURTHER INFORMATION
FORM 8
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This form is for |
Creation of charge |
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Corporation identity number (CIN) or foreign company registrations number of the company |
U51109UP2007PTC033458 |
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Name of the company |
GHOSHAN SALES AND SERVICES PRIVATE LIMITED |
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Address |
2/ 418, Sector H, Jankipuram, Lucknow 226 021, Uttar Pradesh |
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Type of Charges |
All goods, stocks of mobile, accessories, etc. |
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Whether consortium finance is involved |
No |
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Whether joint charge involved |
No |
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Number of charge holder(s) |
1 |
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Particular of the charge holder |
Bank of India, MMS 2/13, Sitapur Road Scheme, Terhi Pulia, Kursi Road,
Lucknow 226 022, Uttar Pradesh, India |
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Nature or description of the instrument creating or modifying the charge |
Agreement of hypothecation to secure demand loan / cash credit |
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Date of the instrument creating charge |
20.07.2007 |
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Whether charge created or modified outside India |
No |
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Amount Secure by the charge |
Rs.3.000 millions |
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Brief particulars of the principal terms and conditions and extent and operation of the charge |
Rate of Interest: Interest payable @ 0.50% pver BPLR, presently 13.75% p.a. with monthly rests or such other rate or rates as may be notified by the bank to the broower from time to time Terms of repayment: Cash credit repayable on demand (account subject to annual review) Margin: As per agreement Extent and operation of the charge: First charge by way of hypothecation of all that goods including in particular stocks of mobiles, accessories, charger sm, sim cards, rechargeable coupons or and other things, lying at the premises or showroom or work place or any other place whosesoever of the borrower or in transit both present and future. |
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Short particulars of the Property charged |
Hypothecation of all that goods including in particular stocks of mobiles, accessories charger sm, sim cards, rechargeable coupons or and other things, lying at the premises or showroom or work place or any other place whosesoever of the borrower or in transit both present and future. |
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Whether any of the property or interest therein under reference is not registered in the name of the company |
No |
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.42.84 |
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UK Pound |
1 |
Rs.84.78 |
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Euro |
1 |
Rs.67.32 |
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 |
3 |
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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 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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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 |
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15 |
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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