%20PRIVATE%20LIMITED%2001-Sep-2008_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
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Report Date : |
01.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
MAHAVIRA TENTS (INDIA) PRIVATE LIMITED |
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Registered Office : |
206, Surya Niketan, Delhi-110092 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
08.10.2003 |
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Com. Reg. No.: |
55-122542 |
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CIN No.: [Company
Identification No.] |
U74899DL2003PTC122542 |
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IEC No.: |
0504004107 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELM11550A |
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PAN No.: [Permanent
Account No.] |
AADCM6595Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of tents and Tents house items |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 11000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small company meeting its smaller commitments
timeously. Trade relation are fair. Scale of activity is limited. The company can be considered good for small to mediocre business
dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. Nitin |
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Designation : |
Accountant |
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Contact No.: |
91-9910456659 |
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Date : |
29.08.2008 |
LOCATIONS
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Registered Office : |
206, Surya Niketan, Delhi-110092, India |
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E-Mail : |
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Website : |
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Corporate Office/ Factory : |
15/14 Site-4, Sahibabad Industrial Area, Ghazibad-201001, Uttar
Pradesh, India |
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Tel. No.: |
91-120-2778567/ 2778566 |
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Fax No.: |
91-9811377681/ 93500092/ 9310250001 |
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E-Mail : |
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Area : |
940 sq. mtr. |
DIRECTORS
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Name : |
Mr. Mohit Jain |
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Designation : |
Director |
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Address : |
8, Rishabh Vihar, Delhi-110092, India |
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Date of Birth/Age : |
03.05.1983 |
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Date of Appointment : |
16.08.2006 |
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Name : |
Mr. Pradeep Jain |
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Designation : |
Director |
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Date of Birth/Age : |
50 Years |
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Qualification : |
S.S.C |
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Date of Appointment : |
08.10.2003 |
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Name : |
Mr. Yogesh Jain |
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Designation : |
Director |
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Date of Birth/Age : |
48 Years |
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Qualification : |
Graduate |
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Date of Appointment : |
08.10.2003 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 30.09.2005
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Names of Shareholders |
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No. of Shares |
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Pradeep Jain |
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5000 |
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Yogesh Jain |
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5000 |
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Shubham Projects Private Limited |
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80000 |
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Total |
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90000 |
Equity Share Breakup (Percentage of Total Equity)
As on30.09.2007
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Category |
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Percentage |
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Bodies corporate (not mentioned above) |
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89.00 |
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Directors or relatives of directors |
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11.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of tents and Tents house items |
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Products : |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit ( 15 -30 Days) |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
15 ( office + Factory) |
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Bankers : |
Union Bank of India, Overseas Branch Delhi |
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Auditors : |
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Name : |
Vijay Purshottam and Associates Chartered Accountant |
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Address : |
204, Durga Chamber, 1333, D.B. Gupta Toad, Karol Bagh, Delhi-110005,
India |
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Mobile No.: |
91-9810019400 |
CAPITAL STRUCTURE
As on 29.09.2007
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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90000 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.900
Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.900 |
0.900 |
0.900 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
1.384 |
1.317 |
1.246 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
2.284 |
2.217 |
2.146 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
1.413 |
1.092 |
1.427 |
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TOTAL BORROWING |
1.413 |
1.092 |
1.427 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.008 |
0.003 |
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TOTAL |
3.697 |
3.318 |
3.576 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
3.227 |
3.266 |
1.406 |
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Capital work-in-progress |
0.000 |
0.000 |
1.950 |
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INVESTMENT |
0.210 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.018 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.151
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0.086 |
0.000 |
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Sundry Debtors |
0.184
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0.000 |
0.000 |
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Cash & Bank Balances |
0.277
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0.161 |
0.631 |
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Other Current Assets |
0.079
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0.085 |
0.030 |
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Loans & Advances |
0.075
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0.462 |
0.000 |
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Total
Current Assets |
0.766
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0.794 |
0.661 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
0.544
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0.775 |
0.538 |
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Provisions |
0.038
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0.056 |
0.021 |
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Total
Current Liabilities |
0.582
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0.831 |
0.559 |
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Net Current Assets |
0.184
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[0.037] |
0.102 |
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MISCELLANEOUS EXPENSES |
0.058 |
0.088 |
0.118 |
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TOTAL |
3.697 |
3.317 |
3.576 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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7.093 |
6.944 |
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Other Income |
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0.000 |
0.000 |
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Total Income |
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7.093 |
6.944 |
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Profit/(Loss) Before Tax |
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0.090 |
0.124 |
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Provision for Taxation |
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0.022 |
0.053 |
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Profit/(Loss) After Tax |
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0.068 |
0.071 |
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Earnings in Foreign Currency : |
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FOB Value |
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0.366 |
4.217 |
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Total Expenditure |
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7.003 |
6.820 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
0.96
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1.02 |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
1.27
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1.79 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
2.25
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3.05 |
NA |
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Return on Investment (ROI) (PBT/Networth) |
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0.04
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0.06 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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0.87
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0.87 |
0.93 |
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Current Ratio (Current Asset/Current Liability) |
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1.32
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0.96 |
1.18 |
LOCAL AGENCY
FURTHER INFORMATION
The registered office of the company has been
shifted from 2241 HC Sain Margchandni Chowk, New Delhi-110006, India to present
address w.e.f. 16.03.2006
TRUSTSEAL ACCEPTANCE CHART
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Parameters |
Details |
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Statutory Approvals |
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Income Tax Registration |
AADCM6595Q |
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Central Sales Tax Registration |
GB5370040 |
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VAT/ TIN Registration |
09288802127 |
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Import Export Code |
0504004107 |
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Name of Bank |
Union Bank of India |
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Current Account Number |
497901011000161 |
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Account Since |
2nd half year |
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Standards & Certifications |
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Quality Management Systems |
900012000 18.04.2007 |
Trade References:
- A K Industrial Fabrics, Kanpoor
- SRS, Aurangabad
AS PER WEBSITE
Profile:
They have an experience of 18 years as a tent trader by the name of
Mahavir Agencies in Chandni Chowk which deals in Shamiyana, Water Proof Tent, Family
Ridge Tent, Wedding Tent, Display Tent, Fancy Chairs, Camping Equipments,
Garden Umbrellas, Marquee Tent and Army Tent. They are putting efforts to set
their own manufacturing company by name of Mahavira Tents (INDIA) Private
Limited In Sahibabad industrial area.
MAHAVIRA TENTS (INDIA) PRIVATE LIMITED
is a trusted and reliable name related long with
Tents because of excellence in Producing Finest Quality Product with
widest range. They have been catering for every need. Most popular uses for
product being Relief Camps, Army and Paramilitary Forces Camps, Resorts,
Camping, Mountaineering, Open Field Work Shelters, Demo Tents etc.
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
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.79 |
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UK Pound |
1 |
Rs.80.05 |
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Euro |
1 |
Rs.64.56 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
3 |
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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 |
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 |
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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33 |
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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