MIRA
INFORM REPORT
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Report Date : |
19.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
SMARNIYA TRADING PRIVATE LIMITED |
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Registered Office : |
18, New Vandana Co-operative Housing Society, 3rd Floor, Agra
Road, Hira Baug, Kalyan [West], Thane 421301, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
09.08.1999 |
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Com. Reg. No.: |
121193 |
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CIN No.: [Company
Identification No.] |
U51900MH1999PTC121193 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNES20624C |
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PAN No.: [Permanent
Account No.] |
AAICS0044D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available |
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 : |
Defunct Company |
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Comments : |
The Company is a Defunct Company, as reported. It has not complied company law Board
Statutory requirements. Since 1999
[when it was incorporated]. We failed
to find out Telephone Numbers of the Company. It would be prudent to do business with the subject on safe and
secured trade terms and conditions. |
LOCATIONS
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Registered Office : |
18, New Vandana Co-operative Housing Society, 3rd Floor, Agra
Road, Hira Baug, Kalyan [West], Thane 421301, Maharashtra, India |
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E-Mail : |
CAPITAL STRUCTURE
Authorised 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 |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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400 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.004
Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
Since incorporation of the company in Year 1999, no financials or
business details are available.
LOCAL AGENCY
FURTHER INFORMATION
Note:
The Registered office of the company has been shifted from 701, Mahalaxmi
Chambers, 22, Bhulabhai Desai Road, Mahalaxmi Lane, Mumbai 400026, Maharashtra,
India to 18, New Vandana Co-operative Housing Society, 3rd Floor,
Agra Road, Hira Baug, Kalyan [West], Thane 421301, Maharashtra, India
Main Objects [As per Memorandum of Association]
To carry on in India or abroad the business of
Exporters, Importers, Distributors, merchants, traders, stockists and for that
purpose buy, sell, distribute otherwise deal in commodities, goods, articles,
materials and things of every description and kind such as computer its parts
and peripherals, laboratory equipments cosmetics and toiletories, beverage,
chemicals of all types and mixtures, cigarettes, electronics and electrical
goods, plastic products, fertilizers, foods, glasses, iron and steel, machinery
and equipments, building construction materials, Nylon synthetics, packing
materials, paper and pulp products, photographic film and paper, PVC and
Resins, engineering and scientific instruments, Motor Cars and other vehicles
and accessories, timber, cotton wool, jute, yarn, seed grains, rice, wheat,
spices, silk, art silk, oilcakes, paints , groceries all types of household
articles and appliances, medicines, drugs, medical and pharmaceutical products
and appliances, livestocks, hider, skin leather, textiles of all kinds and all
goods, products, readymade garments and other materials and substances of all
types and varieties of their products.
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. 74.64 |
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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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