MIRA
INFORM REPORT
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Report Date : |
17.01.2011 |
IDENTIFICATION DETAILS
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Name : |
RPK INDIA PRIVATE LIMITED |
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Registered
Office : |
74/74A, Plot No.F-II, MIDC, Pimpri, Pune – 411018, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
14.10.2008 |
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Com. Reg. No.: |
137818 |
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CIN No.: [Company Identification
No.] |
U51909PN2008PTC137818 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Compression Springs, Lension Springs, Torson Springs,
Copper Coils, Rings, Wire Forms, Bending Parts. |
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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Maximum Credit Limit : |
-- |
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Status : |
Not Commenced Business till March 2010 |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Though the company was incorporated in 2008, it has not commenced any
business till 2010. Payment terms are unknown. The company can be considered for business dealings on a secured trade
terms and conditions, Initially. |
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
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Name : |
Mr. Aitor G Sampedro |
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Designation : |
Director |
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Contact No.: |
91-9545515584 |
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Date : |
15.01.2011 |
LOCATIONS
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Registered Office : |
74/74A, Plot No.F-II, MIDC, Pimpri, Pune – 411018, |
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Tel. No.: |
91-124-4262821 |
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E-Mail : |
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Website : |
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Area : |
1000sq.fts |
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Location : |
Owned |
DIRECTORS
AS ON 10.09.2010
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Name : |
Mr. Ajaya khullar |
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Designation : |
Director |
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Address : |
B-114, Amar Colony, Lajpat Nagar – IV, |
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Date of Birth/Age : |
14.10.1961 |
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Date of Appointment : |
14.10.2008 |
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Name : |
Mr. Ignacio Barrio Llaguno |
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Designation : |
Director |
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Address : |
C General Alava 76 62 Gasteiz, |
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Date of Birth/Age : |
20.08.1964 |
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Date of Appointment : |
14.10.2008 |
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Name : |
Mr. Aitor Garcia Sampedro |
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Designation : |
Director |
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Address : |
Pseo La Zumaquera 166B, |
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Date of Birth/Age : |
27.06.1976 |
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Date of Appointment : |
05.02.2009 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 10.09.2010
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Names of Shareholders |
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No. of Shares |
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Ignacio Barrio Llaguno |
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7500 |
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Ajaya khullar |
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3500 |
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RPK Sociedad Co-operativa |
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7336891 |
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Total |
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7347891 |
AS ON 10.09.2010
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Category |
Percentage |
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Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
99.85 |
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Directors or relatives of Directors |
0.15 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Compression Springs, Lension Springs, Torson Springs,
Copper Coils, Rings, Wire Forms, Bending Parts. |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
Not available |
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Facilities : |
-- |
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Banking Relations
: |
-- |
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Auditors : |
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Name : |
Ashim and Associates Chartered Accountant |
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Address : |
E-36, Greater Kailash -1, |
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Holding Company |
RPK Sociedad Co-operativa |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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507140 |
Equity Shares |
Rs.10/- each |
Rs.5.071
Millions |
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NOTE:
496140 (Previous
year 18600) Equity Shares are held by RPK Sociedad Co-operativa Industrial, the
holding
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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5.071 |
0.286 |
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2] Share Capital – Pending Allotment |
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12.954 |
0.418 |
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3] Reserves & Surplus |
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0.000 |
0.000 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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18.025 |
0.704 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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TOTAL BORROWING |
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0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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18.025 |
0.704 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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1.178 |
0.000 |
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Capital work-in-progress |
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11.383 |
0.100 |
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Project and Pre-Operative Expenses (Pending Allotment) |
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2.154 |
0.116 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000
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0.000 |
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Sundry Debtors |
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0.000
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0.000 |
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Cash & Bank Balances |
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3.504
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0.509 |
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Other Current Assets |
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0.000
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0.000 |
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Loans & Advances |
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0.234
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0.000 |
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Total
Current Assets |
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3.738
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0.509 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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0.011
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0.000 |
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Other Current Liabilities |
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0.417
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0.021 |
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Provisions |
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0.000
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0.000 |
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Total
Current Liabilities |
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0.428
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0.021 |
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Net Current Assets |
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3.310
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0.488 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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18.025 |
0.704 |
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KEY RATIOS
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PARTICULARS |
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31.03.2010 |
31.03.2009 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.02 |
0.03 |
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Current Ratio (Current Asset/Current Liability) |
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8.73 |
24.24 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
Rs. In Millions 31.03.2010 |
Rs. In Millions 31.03.2009 |
Rs. In Millions 31.03.2008 |
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Sundry Creditors |
0.011
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0.000 |
0.000 |
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FINANCIALS
RESULTS:
During the period, the company did not carry on any business activities
and accordingly no profit and loss account has been prepared.
FIXED ASSETS:
- Vehicles
- Software
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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.45.30 |
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|
1 |
Rs.71.73 |
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Euro |
1 |
Rs.60.40 |
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.