MIRA
INFORM REPORT
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Report Date : |
21.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ATLAS COMNET PRIVATE LIMITED |
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Registered
Office : |
390, Ground Floor, Sant Nagar, East of Kailash, New Delhi – 110065,
Delhi |
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Country : |
India |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
24.09.2008 |
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Com. Reg. No.: |
55-183669 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U72900DL2008PTC183669 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELA25720C |
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PAN No.: [Permanent Account No.] |
AAHCA5849D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Service Provider, Supplier and Trader of Motorola, wireless solutions
AMC, Wi-Fi Mesh Equipments. |
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No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (26) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 1500 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an company having moderate track. Profitability of the
company appears to be low. However, trade relations are reported as fair. Business
is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.
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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. Rampal Adhana |
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Designation : |
Director |
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Contact No.: |
91-9811592115 |
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Date : |
18.06.2011 |
LOCATIONS
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Registered Office : |
390, Ground Floor, Sant Nagar, East of Kailash, New Delhi – 110065,
Delhi, India |
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Tel. No.: |
91-11-32922039 |
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Mobile No.: |
91-9811592115 (Mr. Rampal Adhana) |
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Fax No.: |
91-11-41623282 |
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E-Mail : |
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Website : |
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Area : |
100 Sq. Mtrs |
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Location : |
Owned |
DIRECTORS
AS ON 30.09.2010
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Name : |
Mr. Rampal Singh Adhana |
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Designation : |
Director |
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Address : |
390, Ground Floor, Sant Nagar, East of Kailash, New Delhi – 110065,
Delhi, India |
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Date of Birth/Age : |
11.08.1967 |
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Date of Appointment : |
24.09.2008 |
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Din No.: |
02263818 |
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Name : |
Mr. Suresh Adhana |
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Designation : |
Director |
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Address : |
390, Ground Floor, Sant Nagar, East of Kailash, New Delhi – 110065,
Delhi, India |
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Date of Birth/Age : |
15.07.1974 |
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Date of Appointment : |
24.09.2008 |
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Din No.: |
02314684 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
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Names of Shareholders |
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No. of Shares |
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Adhana Singh Rampal |
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9000 |
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Adhana Suresh Rampal |
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1000 |
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Total |
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10000 |
AS ON 30.09.2010
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Service Provider, Supplier and Trader of Motorola, wireless solutions
AMC, Wi-Fi Mesh Equipments. |
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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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Suppliers : |
·
American Airlines ·
Ash Pee Telecom Systems ·
Balaji Hindustan Limited ·
C and C Construction Limited ·
DLF Services Limited ·
Emaar MGF Land Limited ·
Deepak Spinners Limited ·
Galaxy Toyota ·
Ginni Filaments Limited ·
JSL Limited ·
Anjani Steel Limited ·
Eros Resorts and Hotels Limited |
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Customers : |
·
Adino telecom Limited ·
Bharti Communications ·
Genext Solutions ·
Linkwell Electronics Private Limited ·
Midland Securetech Private Limited ·
Shani Peripherals Private Limited ·
Vertel Communications Systems Private Limited |
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No. of Employees : |
15 (Approximately) |
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Bankers : |
State Bank of Patiala, New Delhi, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Goel Mintri and Associates Chartered Accountant |
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Address : |
L-76, Ground Floor, Lajpat Nagar II, New Delhi – 110024, Delhi, India |
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Tel. No.: |
91-11-41634946 / 41634947 |
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Fax No.: |
91-11-46524140 |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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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]
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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0.100 |
0.100 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.278 |
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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0.378 |
0.100 |
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LOAN FUNDS |
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1] Secured Loans |
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0.254 |
0.000 |
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2] Unsecured Loans |
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2.591 |
0.000 |
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TOTAL BORROWING |
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2.845 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.869 |
0.000 |
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TOTAL |
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4.092 |
0.100 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.947 |
0.000 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.032 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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1.239
|
0.000 |
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Sundry Debtors |
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6.141
|
0.000 |
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Cash & Bank Balances |
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0.626
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0.100 |
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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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0.053
|
0.000 |
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Total
Current Assets |
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8.059
|
0.100 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Other Current Liabilities |
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4.688
|
0.000 |
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Provisions |
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0.276
|
0.020 |
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Total
Current Liabilities |
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4.964
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0.020 |
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Net Current Assets |
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3.095
|
0.080 |
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MISCELLANEOUS EXPENSES |
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0.018 |
0.020 |
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TOTAL |
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4.092 |
0.100 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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54.000 |
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TURNOVER |
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29.578 |
0.403 |
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Expected Sales ( 2011-2012) : Rs. 70.000 millions
The above information has been parted by Mr. Rampal Adhana
KEY RATIOS
|
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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20.65 |
0.20 |
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Current Ratio (Current Asset/Current Liability) |
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1.62 |
5.00 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL RESULTS AND OPERATIONS (As on : 31.03.2010) :
During the year
the Company had growth in business. The turnover of the company was Rs.29.578 millions
as compare to last year turnover of Nil. The Company has earned a net profit of
Rs. 0.403 millions as compare to last year of Nil. Your directors are expecting
good amount of turnover and profitability during the current year.
FROM : 8
|
Corporate identity number of the company |
U72900DL2008PTC183669 |
|
Name of the company |
ATLAS COMNET PRIVATE LIMITED |
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Address of the registered office or of the
principal place of business in |
390 Ground Floor Sant Nagar, East Of
Kailash New Delhi – 110065, Delhi, INDIA |
|
This form is for |
Creation of charge |
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Type of charge |
Book debts Movable property (not being pledge) Floating charge |
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Particular of charge holder |
State Bank of Patiala, SMECCC,
59,Community Centre Naraina Industrial Area, Phase –I, New Delhi – 110028,
New Delhi, India |
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Nature of instrument creating charge |
Agreement of Hypothecation of Goods and
Assets |
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Date of instrument Creating the charge |
07/12/2010 |
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Amount secured by the charge |
Rs. 2.500 millions |
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Brief of the principal terms an conditions
and extent and operation of the charge |
Rate
of interest Interest on Cash Credit (Hypo.) limit
shall be charged @ 4.50 % above base rate i.e.12.50 % p. a. with monthly rests or at such other
rates as may be prescribed by the bank from time to time. Terms
of repayment Payable on demand. Margin Stocks - 25 percent and Book debts - 50
percent. Extent
and operation of the charge 100 percent. Other
Nil |
|
Short particulars of the property charged
(Including location of the property) |
Hypothecation of all present and future
goods, book-debts and all other moveable assets of the borrower including
documents of title to the goods, outstanding moneys, receivable, present and future machinery belonging to
or in the possession or under the control of the borrower. |
FIXED ASSETS :
·
Car
·
Computers
·
Furniture And Fixtures
·
Photocopier
·
Laptop
·
Printer HP 1007
·
Radio Comm. Test
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 44.99 |
|
|
1 |
Rs. 72.59 |
|
Euro |
1 |
Rs. 64.01 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
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|
|
--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
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|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.