MIRA
INFORM REPORT
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Report Date : |
30.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
VENDING UPDATES INDIA PRIVATE LIMITED |
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Registered Office : |
322, Neb Sarai, New Delhi – 110068. |
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Country : |
India |
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Date of Incorporation : |
11.09.1996 |
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Com. Reg. No.: |
081866 |
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CIN No.: [Company
Identification No.] |
U28252DL1996PTC081866 |
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PAN No.: [Permanent
Account No.] |
AAACV9306R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Tea, Coffee, Leamon Lea, Dairy Whitner Premixes |
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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Unknown |
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Comments : |
Subject is a poor in Corporate Governance and has not field any
financials with Company Law Board since 1996. Ms. Mary of the company also denied financials however parted some
general details. No payment or banking relations are known. The company can be considered for any business dealings on safe and
secured trade terms and conditions, only. |
INFORMATION PARTED
BY
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Name : |
Ms. Mary |
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Designation : |
Sales Marketing Manager |
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Contact No.: |
91-9899975976 |
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Date : |
28.08.2008 |
LOCATIONS
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Registered Office : |
322, Neb Sarai, New Delhi – 110068, India |
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E-Mail : |
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Head Office : |
Y – 36, Okhla Industrial Area, Phase 2, New Delhi – 110020, India |
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Tel. No.: |
91-11-41706895 / 40503435 / 40503436 |
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Mobile No.: |
91-9899975976 |
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E-Mail : |
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Website : |
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Area : |
1000 sq yards (Approximately) |
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Location : |
Rented |
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Factory 1 : |
Sector 88, Noida, UP, India |
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Factory 2 : |
Sector 40, Noida, UP, India |
DIRECTORS
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Name : |
Mr. Sahil Khurana |
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Designation : |
Director |
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Qualification : |
M. Tech |
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Experience : |
25 Years |
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Name : |
Kunal S. Khurana |
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Designation : |
Director |
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Qualification : |
B. Tech |
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Experience : |
45 Years |
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Name : |
Mrs. Shobha Khurana |
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Designation : |
Director |
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Qualification : |
Graduate |
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Experience : |
30 Years |
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Name : |
Mr. Sanjay Tiwari |
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Designation : |
Director |
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Address : |
B- 53/5, Azad Apartment, Arbindo Marg, New Delhi – 110016, India |
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Date of Birth/Age : |
11.09.1962 |
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Date of Appointment : |
11.09.1996 |
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Name : |
Mrs. Kusum Tiwari |
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Designation : |
Director |
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Address : |
B- 53/5, Azad Apartment, Arbindo Marg, New Delhi – 110016, India |
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Date of Birth/Age : |
05.05.1961 |
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Date of Appointment : |
11.09.1996 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
AS ON 29.09.2007
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Names of Shareholders |
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No. of Shares |
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Mr. Sanjay Tiwari |
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100 |
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Mrs. Kusum Tiwari |
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100 |
AS ON 29.09.2007
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Directors or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Tea, Coffee, Leamon Lea, Dairy Whitner Premixes |
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Products : |
· Tea · Coffee · Leamon Lea · Dairy Whitner
Premixes |
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Imports : |
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Products : |
Coffee Machinery |
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Countries : |
China |
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Terms : |
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Selling : |
Cash and Advance Cheque |
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Purchasing : |
L/C, Cash and Advance |
GENERAL
INFORMATION
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Customers : |
Wholesaler and Corporate Sector. |
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No. of Employees : |
25 |
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Bankers : |
Bank of India, CGO Complex, Lodi Nagar Branch, New Delhi – 110003,
India |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Sunil and Vijay and Association Chartered Accountant |
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Address : |
Delhi |
CAPITAL STRUCTURE
AS ON 29.09.2007
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs. 10/- Each |
Rs.5.000
Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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309654 |
Equity Shares |
Rs. 10/- Each |
Rs.3.096 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
No financial are available from any sources. The company is poor in
Corporate Governance.
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference
·
BHEL – Noida and Delhi
Trustseal Acceptance
Chart
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Existence Verification |
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Name |
VENDING UPDATES INDIA PRIVATE LIMITED |
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Statutory Approvals |
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Legal Status of Firm |
Private Limited Liability Company |
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Income Tax Registration |
AAACV9306R |
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Central Sales Tax Registration |
LC196120880310998 |
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Import Export Code |
05970328666 |
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Name of Bank |
Bank of India |
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Account Since |
2007 |
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 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.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 |
5 |
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PAID-UP CAPITAL |
1~10 |
1 |
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OPERATING SCALE |
1~10 |
1 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
1 |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
1 |
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--LEVERAGE |
1~10 |
1 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
1 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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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11 |
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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