MIRA
INFORM REPORT
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Report Date : |
19.11.2008 |
IDENTIFICATION DETAILS
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Name : |
AVANTA MANAGEMENT SERVICES INDIA PRIVATE LIMITED |
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Registered Office : |
Vakils House, |
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Country : |
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Date of Incorporation : |
04.03.2008 |
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Com. Reg. No.: |
179656 |
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CIN No.: [Company
Identification No.] |
U74140MH2008PTC179656 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMA32071E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Providing Services like Telephone Connection, Offices, Telecom and IT Packages,
etc. |
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 promoted by Avanta The company can be considered for any business dealings on safe and
secured terms only. |
INFORMATION PARTED BY
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Name : |
Ms. Alka |
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Designation : |
Finance Manager |
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Date : |
18.11.2008 |
LOCATIONS
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Registered Office : |
Vakils House, |
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Mobile No.: |
91-9769321238 (Ms. Smita – Sales Manager) |
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E-Mail : |
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Website : |
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Location : |
Leased |
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Regional Office : |
84-E, Lane C-6 (Off Gurgaon Sandstone Crest, Sushant Lok-1, Plot No – 106, Road No – 1, Jubilee Hills, (Near Chiranjeevi Eye and
Blood Bank), Tel: 91-40-23558133 / 44 / 55 / 66 Fax : 91-40-23558177 E-mail: hyderabad@jsalaw.com 4121/B, 19 A Main, 6th Cross, HAL 2nd
Stage (Extension), Mumbai Vakils House, 18, Fax: 91-22-66561515/16 |
DIRECTORS
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Name : |
Mr. Anirudh Goyal |
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Designation : |
Director |
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Address : |
Flat No. 4, 1st Floor, Rail-View, |
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Date of Birth/Age : |
10.04.1976 |
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Date of Resignation : |
30.05.2008 |
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Name : |
Mr. Sean Michael Morgan |
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Designation : |
Director |
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Address : |
Mayfield Farm Barn, Long Stratton, |
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Date of Birth/Age : |
25.09.1953 |
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Date of Appointment : |
30.05.2008 |
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Name : |
Mr. David Alberto |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
28.11.1968 |
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Date of Appointment : |
30.05.2008 |
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Name : |
Mr. Abeezar E. Fiazullabhoy |
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Designation : |
Director |
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Date of Birth/Age : |
44 Years |
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Name : |
Mr. Rohan S. Narse |
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Designation : |
Director |
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Date of Birth/Age : |
32 Years |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.02.2008
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Names of Shareholders |
No. of Shares |
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Abeezar E. Fiazullabhoy |
9999 |
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Anirudh Goyal |
1 |
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Total |
10000 |
As on 29.03.2008
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Names of Allottees |
No. of Shares |
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Avanta Management Services Limited |
3234942 |
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Total |
3234942 |
As on 03.05.2008
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Names of Allottees |
No. of Shares |
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Lonsto Holdings Limited |
3234942 |
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Total |
3234942 |
As on 02.10.2008
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Names of Allottees |
No. of Shares |
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Lonsto Holdings Limited |
8500000 |
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Total |
8500000 |
BUSINESS DETAILS
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Line of Business : |
Providing Services like Telephone Connection, Offices, Telecom and IT
Packages, etc. |
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GENERAL INFORMATION
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Customers : |
Service Officer |
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No. of Employees : |
14 [In office – 9, In branches – 5 ( |
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Bankers : |
Standard Chartered Bank, Fort |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
S.K. Parekh and Company Chartered Accountants |
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Address : |
Ballard Estate |
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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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20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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Not Available |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
New Company
LOCAL AGENCY FURTHER INFORMATION
WEBSITE DETAILS:
The business centres in Mumbai and
An impressive reception, high quality meeting and training rooms and
comfortable Wi Fi equipped communal areas all combine to make Avanta the
natural choice for the business.
And, as one of the business centres clients will enjoy preferential rates on
meeting and training rooms and office services, as well as the benefit of all
inclusive telecoms and office service packages that make budgeting the serviced
office a breeze.
The Avanta Business Centre in Fort is next to Mumbai’s Stock Exchange and provides 9 floors of 5 star plus accommodation.
They have extensively refurbished and refitted this modern building to provide high tech serviced offices, meeting and training rooms, and a state-of-the-art ICT infrastructure.
With the financial institutions and embassies of Fort and Nariman Point close
by, not to mention the
C.59, G
Block, Bandra Kurla Complex, Near Citibank, Bandra East, Mumbai 400051
Situated within an ultra-modern 12 storey office block within the Bandra Kurla Complex, the office centre provides high quality accommodation across the two top floors of the building.
Offices range from small executive suites to larger, open plan spaces that can
be configured to the needs. All are fully furnished, air conditioned and served
by a state of the art data infrastructure.
A staffed reception area operates during normal office hours and there are
generous wi fi enabled communal areas and tea points, as well as well-equipped
meeting and training rooms.
You and the staff will have 24/7 access to the offices, using the secure
key card system, and they have basement parking for up to 30 cars.
The serviced office centre is situated on the 9th and 10th (top two) floors of a new flagship office block within the Bandra Kurla Complex. This is one of Mumbai’s most sought after business districts and many international companies are already based there. It is also close to the best hotels and shopping quarters, and is convenient for the airport.
Places close to Bandra Kurla Complex
Bandra
Named the “Queen of the Suburbs” Bandra is one of the most cosmopolitan areas of Mumbai, with fine shopping in Linking and Waterfield Roads. Many celebrities live in the area and there are numerous businesses, including international companies. The Mount Mary Basilica and Band Stand are two popular landmarks.
Kurla
Kurla is a major suburb with numerous national and
international companies based there. It is 3.5km from
Approximately 4m from the Bandra Kurla Complex, SantaCruz
serves a large number of national and international destinations, as Mumbai’s
second largest airport. The largest airport in Mumbai is Chattrapati Shivaji.
Juhu
In the Western Suburbs, Juhu has an excellent beach and is very popular with families and party goers! There are some many five star hotels in Juhu, including the Sun and Sand, Holiday Inn and Juhu Centaur. The district is approximately 20km from the city centre.
Andheri
Andheri is a fashionable Western suburb best-known for the film studios and broadcasting companies that are based there. Areas closeby include Jogeshwari, Vile and Partle. The Leela Hotel is a major landmark in the district.
For Serviced Offices in the
Serviced
Offices Thames Valley
PRESS RELEASES:
29/10/2008 -
Avanta launches new Virtual Office Service with US Partnership
Avanta launches new Virtual Office Service with US
Partnership
London-based serviced office company Avanta has announced a partnership with
the
Davinci Virtual delivers virtual office solutions to over
4000 companies across all 50 states of
The virtual office concept delivers a full package of services and facilities of a ‘real’ Serviced office, but without being tied down to renting physical space. It enables a company to create a big business image on a small business budget, enabling a one man band to operate from home, but with a prestigious business address and professional PA service supported by a global telephony and messaging services.
The added value of the Davinci virtual office is that businesses can access the full range of administrative support that would normally only be available when located in a corporate building. With time becoming an increasingly precious commodity in the corporate world, a virtual office allows companies to concentrate on running their business and focus on their customers.
A personal, tailored service ensures incoming calls are answered in the company’s name, with specialist software enabling the virtual PA to access and update diaries, process orders, organise meetings, collate reports, undertake fax and photocopying, and manage large mail outs.
David Alberto, Avanta’s Chief Executive, said: “This
partnership agreement with Davinci sets a new standard in the provision of
virtual office services in the
Bill Grodnik, Davinci Virtual’s CEO, added: “We are truly
excited to have the Avanta organisation as a partner for the
Avanta has grown its business in
In the
The formula attracts small and medium sized businesses to FTSE 250 companies
alike. The theory that a small business occupier and a major corporate
want the same thing and are largely driven by location, quality and price, is
central to Avanta’s business philosophy.
For further
information, please contact:
PR agency contact:
Richard Stocks
FD Tamesis
Tel: 020 7269 9355 / 07951 328475
Avanta contact:
Anna Haslam
Avanta Managed Offices Limited
1 Hammersmith Grove
W6 0NB
Tel: 0203 008
6000
www.avanta.co.uk
Notes to Editors
Avanta was formed in 2004 by David Alberto, previously with Regus and former
Managing Director at MWB Business Exchange. The company offers highly
flexible, unbranded office space, with advanced and competitively priced
technology, tailor made to meet the requirements of the occupier. In the
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.49.68 |
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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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