MIRA
INFORM REPORT
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Report Date : |
02.08.2011 |
IDENTIFICATION DETAILS
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Name : |
MARIGRA TRADERS PRIVATE LIMITED |
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Registered
Office : |
B-1/403, |
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Country : |
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Date of
Incorporation : |
12.12.2003 |
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Com. Reg. No.: |
143521 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100
million |
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CIN No.: [Company Identification
No.] |
U51909MH2003PTC143521 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Exporter of Granite and Marbles |
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No. of Employees
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10 Approximately |
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 : |
Dormant |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
As per Government, the status of the company is shown as dormant. The
management has not filed the financials of the company with the government
department since its incorporation. As claim by the management, the business of the company is very much
active, but denied to disclose any financial details. Payment terms are
unknown. Initially, the company can be considered for business dealings on a
safe and secured trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY (General Details)
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Name : |
Mr. Joseph Francis |
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Designation : |
Director |
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Contact No.: |
91-9920043738 |
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Date : |
25.07.2011 |
LOCATIONS
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Registered Office : |
B-1/403, |
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Tel. No.: |
91-22-29660326 / 26421781 |
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Mobile No.: |
91-9920043738 (Mr. Joseph) |
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Fax No.: |
91-22-29660326 |
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E-Mail : |
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Area : |
750 sq.ft |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Joseph Francis |
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Designation : |
Director |
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Date of Birth/Age : |
49 years |
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Qualification : |
Graduate |
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Name : |
Mr. Jacob Francis |
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Designation : |
Director |
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Date of Birth/Age : |
46 years |
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Qualification : |
Graduate |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 12.12.2003
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Names of Shareholders |
No. of Shares |
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Mr. Joseph Francis |
100 |
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Mr. Jacob Francis |
900 |
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Total |
1000 |
BUSINESS DETAILS
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Line of Business : |
Exporter of Granite and Marbles |
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Products: |
·
Black Granite ·
Green Marble ·
Kashmir Gold Granite ·
Madhura Gold Granite ·
Rain Forest Brown Marble ·
Rain Forest Green Marble ·
Merry Gold Granite ·
Monument Slabs ·
Multi Colored Dark Red Granite ·
New Imperial Red Granite ·
Paradisso Granite ·
Rosy Pink Granite ·
Srikakulam Blue Granite ·
Cats Eye Granite ·
Kashmir White Granite ·
Black Lime Stone ·
Green Lime stone ·
Kota Brown Lime stone ·
Kota Blue Lime Stone ·
Sand Stone RED ·
Sand stone Teak ·
Sand Stone Rainbow ·
Sand Stone Beige ·
Sand stone Chocolate ·
Lavender Blue granite ·
Hassan Green granite ·
Raw Silk Granite ·
Tan Brown Granite ·
Black Galaxy Granite |
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Exports : |
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Products : |
Granite and Marbles |
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Countries : |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
10 Approximately |
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Bankers : |
State Bank of India, Waghle Industrial Estate Branch, Thane,
Maharashtra, India |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Gupta and Associates Chartered Accountant |
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Address: |
New Delhi, India |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
AS ON 12.12.2003
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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5000 |
Equity Shares |
Rs. 100 each |
Rs.0.500 million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000 |
Equity Shares |
Rs. 100 each |
Rs. 0.100
million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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Sales Turnover (Approximately) |
Not Divulged |
10.000 |
10.000 |
The above information has been parted by Mr. Joseph
LOCAL AGENCY FURTHER INFORMATION
NOTE:
The company incorporated in 2003 but it has started its business from
2008.
NOTE:
Registered office of the company has been shifted from E / 403, Sumer Castlel B S Marg, Thane 400601, Maharashtra, India to the present address B-1/403, Rutu Park, Majiwade, Thane 400601, Maharashtra, India
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.44.23 |
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1 |
Rs.72.09 |
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Euro |
1 |
Rs.62.98 |
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 |
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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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.