MIRA
INFORM REPORT
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Report Date : |
19.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
SHAKTI VITAL LINKS PRIVATE LIMITED |
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Registered Office : |
5/58 Deep Co-operative Society, Jayprakash Road, Andheri (West),
Mumbai -400058, Maharashtra. |
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Country : |
India |
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Date of Incorporation : |
17.11.1995 |
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Com. Reg. No.: |
094556 |
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CIN No.: [Company
Identification No.] |
U72300MH1995PTC094556 |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business : |
Trader, Dealer and Distributor of EPBAX Systems. |
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 : |
Undetermined |
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Comments : |
The company is poor in Corporate Governance since it failed to comply
statutory Requirement of Company Law Board by timely filing financials
statement. In view of the aforesaid, the company can be considered for any
business dealings on safe and secured trade terms and conditions. |
INFORMATION PARTED
BY (General Details)
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Name : |
Mr. Shamika |
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Designation : |
Accounts Department |
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Date : |
17.11.2008 |
LOCATIONS
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Registered Office : |
5/58 Deep Co-operative Society, Jayprakash Road, Andheri (West),
Mumbai -400058, Maharashtra, India. |
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Mobile No.: |
91-9833896150 |
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E-Mail : |
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Website : |
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Area : |
Owned |
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Branches : |
MUMBAI: 108,Yogi Industrial Estate, Ram Mandir Road, Goregaon(W), Mumbai - 400
104, Maharashtra, India. Tel. 91- 22- 28730694(6 Lines) Fax. 91-22-26763728 email: shaktig@satyam.net.in Tel. 91-22-27714673 Mobile No.:91-9221143330 (Mrs. Savita) email: shaktin@Sify.com Tel.91-9921384072 (Mr. Sadashiv Savant) email: shaktipun@Sify.com |
DIRECTORS
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Name : |
Mr. Kevalraj K. Salian |
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Designation : |
Director |
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Address : |
5/70, D.N. Nagar, I Jayaprakash Road, Andheri (west), Mumbai -400058,
Maharashtra, India. |
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Name : |
Mrs. Devaki K. Salian |
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Designation : |
Directors |
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Address : |
5/70, D.N. Nagar, I Jayaprakash Road, Andheri (west), Mumbai -400058, Maharashtra,
India. |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Kevalraj K. Salian |
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100 |
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Mrs. Devaki K. Salian |
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100 |
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Total |
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200 |
BUSINESS DETAILS
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Line of Business : |
Trader, Dealer and Distributor of EPBAX Systems. |
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Products : |
Sharp Fax |
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Agencies Held : |
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Terms : |
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Selling : |
Cash, Cheque |
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Purchasing : |
Credit (30 days) |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
40 |
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Bankers : |
Swami Nityanand Marg, Andheri (East),
Mumbai -400069, Maharashtra, India. |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Vaissphyan and Association Chartered Accountant Mumbai |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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200000 |
Equity Shares |
Rs. 10/- Each |
Rs.2.000
Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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NA |
NA |
NA |
NA |
FINANCIAL DATA
[all figures are in Rupees Millions]
Financials: - No financials are
available since incorporation. Management denied financials details.
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Particulars |
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31.03.2008 (Estimated) |
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Sales Turnover |
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37.500 |
Expected Sales (2008-09) : Rs.40.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Bankers Charges
Report as per Registry
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Name of the company |
SHAKTI VITAL LINKS PRIVATE LIMITED |
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Presented By |
Jointly by the company and Bank of
Maharashtra. |
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1) Date and description of instrument creating the change |
Composite deed of
hypothecation for all facilities dated:-28.09.2005 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs.0.500 Millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
First and
exclusive charge and security by way of hypothecation security charge in
favour of the bank over the borrowers present and future movable plants,
machineries, goods, stock of raw materials, items, inventories, stock in
process, semi finished and finished goods, stores and spares not relating to
plant and machinery (consumable stores and spares) stock in trade, goods in
process, movables in transit, Bills receivable and book debts and all of the
borrower’s other movable assets and properties both present and future
situated or located at any place and now lying, being, affixed or installed
at any place at any time and the borrower’s goodwill and all outstanding
monies, claims, receivables, book debts due or become due to the borrower’s
at any time or from time to time and all of the borrower’s rights, titles or
interest therein. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
I.
Details of
credit facility as under short term loan Rs. 0.500 Million
II.
Interest/commission
as per RBI/H.O.Rules
III.
Security to
cover principal amount together with interest, costs, charges, expenses etc. |
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5) Name and Address and description of the person entitled to the charge. |
Bank of Maharashtra, Swami Nityanand Marg, Andheri (East), Mumbai -400069, Maharashtra,
India. |
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Corporate
identity number of the company |
U72300MH1995PTC094556 |
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Name of the
company |
SHAKTI VITAL
LINKS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
5/58 Deep Co-operative Society, Jayprakash Road, Andheri (West),
Mumbai -400058, Maharashtra. |
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This form is for |
Creation of
charge |
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Type of charge |
Hypothecation |
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Particular of
charge holder |
Bank of Maharashtra, Swami Nityanand Marg, Andheri (East), Mumbai -400069, Maharashtra,
India. |
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Nature of
instrument creating charge |
Composite deed of
hypothecation for all facilities |
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Date of
instrument Creating the charge |
28.03.2006 |
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Amount secured by
the charge |
Rs.1.575 Millions |
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Brief of the principal
terms an conditions and extent and operation of the charge |
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Description of
the property charged indicating whether it is a charged on |
Stock in Trade Book Debts |
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Particulars of the
property charged |
Hypothecation of
Stock and book debts. |
TRADE REFERENCES:
v L AND T
v AIR INDIA
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.49.68 |
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UK Pound |
1 |
Rs.74.40 |
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Euro |
1 |
Rs.62.58 |
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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