MIRA
INFORM REPORT
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Report Date : |
13.12.2011 |
IDENTIFICATION DETAILS
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Name : |
TRANSSTADIA BOXING INDIA PRIVATE LIMITED |
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Registered
Office : |
Unit No.41, 4th Floor, |
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Country : |
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Date of
Incorporation : |
05.08.2011 |
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Com. Reg. No.: |
11-220604 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U92490MH2011PTC220604 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT17012C |
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PAN No.: [Permanent Account No.] |
AADCT9286B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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To Promote the scope of boxing through formation of boxing
clubs, franchises, boxing schools, boxing academies, boxing merchandise,
boxing events, boxing tournaments, etc. |
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No. of Employees
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Information declined by the management. |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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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 and yet to establish itself gradually.
Business is active. Payments are unknown. 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.
INFORMATION DECLINED BY
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Name : |
Mr. Kunal |
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Designation : |
Finance Manager |
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Date : |
09.12.2011 |
LOCATIONS
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Registered Office : |
Unit No.41, 4th Floor, |
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Tel. No.: |
91-22-40755537 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. Harishkumar Kiritkant Sheth |
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Designation : |
Director |
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Address : |
2nd Floor, Ila Kunj 32, |
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Date of Birth/Age : |
11.09.1947 |
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Date of Appointment : |
05.08.2011 |
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DIN No.: |
01434459 |
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Other
Directorship:
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Name : |
Mr. Udit Harish Sheth |
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Designation : |
Director |
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Address : |
Ila Kunj 32, |
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Date of Birth/Age : |
10.01.1979 |
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Date of Appointment : |
05.08.2011 |
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DIN No.: |
00187221 |
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Other
Directorship :
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KEY EXECUTIVES
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Name : |
Mr. Kunal |
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Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Harishkumar Kiritkant Sheth |
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5000 |
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Udit Harish Sheth |
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5000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
To Promote the scope of boxing through formation of boxing
clubs, franchises, boxing schools, boxing academies, boxing merchandise,
boxing events, boxing tournaments, etc. |
GENERAL INFORMATION
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No. of Employees : |
Information declined by the management. |
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Bankers : |
Not Divulged |
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Banking
Relations : |
-- |
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Auditors : |
Not Divulged |
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Associates/Subsidiaries : |
Setco Automotive Limited |
CAPITAL STRUCTURE
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 |
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Issued, Subscribed & Paid-up 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 |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW COMPANY
LOCAL AGENCY FURTHER INFORMATION
PRESS RELEASE:
Mumbai
Fighters sign up star boxer Akhil Kumar
MUMBAI, October 20, 2011: Mumbai Fighters, the only
Indian team for the upcoming World Series of Boxing (WSB) is excited with the
country's star boxer Akhil Kumar joining the squad.
With less than a month to go for one of the sporting world's only
transcontinental leagues, the camp of Mumbai Fighters is all charged up and
excited to have Akhil on its side.
Akhil Kumar is
UditSheth, Team Principal of Mumbai Fighters and MD-CEO of TransStadia said,
"We are excited to have Akhil Kumar as a Fighter. He is a strong and
experienced boxer with tremendous will power. Not only is he an icon but a
leader from whom our team can learn. In 2005, he was awarded the Arjuna Award
and this speaks volumes of his potential. We welcome him to Team Fighters and
wish him the very best. We are confident he will perform well at the highest
level."
Brig PK Muralidharan Raja, IABF general secretary, said, "This is one of
the best signings Mumbai Fighters could have done for their team. Akhil's open
guarded style of boxing is suitable for pro boxing and it will be a great plus
point in the World Series of Boxing too.
He has the right attitude and upcoming boxers could not have had asked for a
better example to look up to than Akhil. His experience is immense and he could
easily be a team-leader and mentor for all the Mumbai Fighters' boxers. Congrats
to the Fighters team."
Akhil Kumar, on joining Mumbai Fighters, said, "Boxing the pro way was
always something that excited me and joining the Fighters will help me do that
to a great extent. Being with them won't only help me train and get in better
shape, but also help me to keep an eye on my ultimate aim of qualifying for me
is the London Olympic Games.
At the same time,
Akhil Kumar’s
career achievements:
YMCA Junior International
1999 – Gold
XI International Boxing 2001 (Russia) – Gold
Regetta Int. Boxing (Seychelles) 2002 – Gold
Senior National 2002 – Gold
Afro Asian Games 2003 – Gold
Olympic Games 2004 – participant
Commonwealth Boxing championship 2005 – Gold
Arjuna Award 2005
Commonwealth Games 2006 – Gold
SAF Games 2006 – Gold
Asian Boxing championship 2007 – Bronze
Olympic Qualifying Boxing 2008 – Silver
2nd Olympic Qualifying 2008 – Gold
Olympic Games 2008 quarter finalist
AIBA World Cup 2008 – Bronze
Transstadia
India Boxing Private Limited will operate out of Mumbai in cooperation with
AIBA - WSB and Indian Boxing Federation using TransStadia's sporting expertise.
The company will bring the best of International Boxing in
TransStadia
Boxing is a subsidiary of SE TransStadia Private Limited which is an integrated
sports company with interests in sport infrastructure, technology development
and manufacturing, and Sports IP development and management. The company was
established as a part of the Setco Group in Oct 2008.
TransStadia
has exclusive licenses for the patented StadiArenaand T-Box technologies that
augment stadium utilization from the current 2% per annum to over 67% per
annum.
The company
has signed a pioneering PPP agreement with the Government of Gujarat to develop
sport in the state. As part of this agreement the company will build sport
infrastructure across the state, conduct competitions and nurture talent.
TransStadia
also hosts
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 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.52.42 |
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1 |
Rs.81.92 |
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Euro |
1 |
Rs.69.94 |
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.