MIRA
INFORM REPORT
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Report Date : |
02.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
BLUEART GRANITO PRIVATE LIMITED (w.e.f. 26.07.2010) |
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Formerly Known
As : |
ORZONE CERAMIC PRIVATE LIMITED |
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Registered
Office : |
S. No. 93/1p3, B/h. Keda Ceramic, Paneli Road, Taluka Morbi,
Jambudiya-363642, Gujarat |
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Country : |
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Financials (as
on) : |
08.07.2010 (Partnership Firm) |
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Date of
Incorporation : |
13.07.2010 |
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Com. Reg. No.: |
061570 |
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CIN No.: [Company Identification
No.] |
U26933GJ2010PTC061570 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
RKTB02081C |
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PAN No.: [Permanent Account No.] |
AABCO3285B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Vitrified Tiles. |
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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Maximum Credit Limit : |
USD 4000 |
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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 successor of “Orzone Ceramic” a partnership concern
started in 23.06.2010. Subject is a new company and yet to complete its one
full year of operation. 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.
ECGC Country Risk Classification List – April 1, 2010
|
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)
|
Name : |
Mr. Gautam |
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Designation : |
Director |
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Contact No.: |
91-9978888884 |
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Date : |
30.04.2011 |
LOCATIONS
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Registered Office/ Factory : |
S. No. 93/1p3, B/h. Keda Ceramic, Paneli Road, Taluka Morbi,
Jambudiya-363642, Gujarat, India |
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Tel. No.: |
91-2822-283783 |
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Mobile No.: |
91-9978888884 (Mr. Gautam) |
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Fax No.: |
91-2822-283784 |
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E-Mail : |
DIRECTORS
As on 08.7.2010
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Name : |
Mr. Hareshkumar Govindbhai Vadasola |
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Designation : |
Director |
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Address : |
Narsang Society, Near Bharat Pan, |
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Date of Birth/Age : |
15.06.1983 |
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Date of Appointment : |
20.08.2010 |
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Name : |
Mr. Arvindbhai Muljibhai Hinsu |
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Designation : |
Director |
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Address : |
2/73, Kharava 1, Taluka Dhrol, District |
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Date of Birth/Age : |
02.09.1974 |
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Date of Appointment : |
20.08.2010 |
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Name : |
Mr. Mansukh Chhaganlal Patel |
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Designation : |
Director |
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Address : |
Anjar, Taluka Anjar District Kutch, Anjar-370110, |
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Date of Birth/Age : |
10.05.1960 |
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Date of Appointment : |
20.08.2010 |
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Name : |
Mr. Rohit Narabherambhai Patel |
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Designation : |
Director |
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Address : |
Krishna Nagar Society, Opposite New S.T Stand, |
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Date of Birth/Age : |
09.06.1984 |
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Date of Appointment : |
20.08.2010 |
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Name : |
Mr. Bhupendrbhai Thakarshibhai Lo |
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Designation : |
Director |
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Address : |
At. |
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Date of Birth/Age : |
05.06.1969 |
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Name : |
Ms. Lataben Kantilal Bavarva |
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Designation : |
Director |
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Address : |
Arihant Society, |
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Date of Birth/Age : |
15.06.1956 |
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Name : |
Mr. Gautam Laljibhai Patel |
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Designation : |
Director |
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Address : |
Navdeep, Ambica Society, Bh. Bus Stand, Di. Surendranagar,
Dhrangadhra-363310, |
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Date of Birth/Age : |
28.09.1985 |
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Name : |
Mr. Keshavajibhai Govindjibhai Kanjia |
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Designation : |
Director |
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Address : |
Shakaat-Sanala, Taluka Morbi, District |
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Date of Birth/Age : |
01.03.1947 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
List of Allottee
As on 08.7.2010
|
Particular |
|
No. of Shares |
|
Narbherambhai Kanjiya |
|
45000 |
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Govindbhai Gokalbhai Detroja |
|
45000 |
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Bhupendrbhai Thakarshibhai Lo |
|
2000 |
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Lataben Kantilal Bavarva |
|
2000 |
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Gautam Laljibhai Patel |
|
2000 |
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Haresh Patel |
|
2000 |
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Keshavajibhai Kansia |
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2000 |
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Total |
|
100000 |
List of Allottee
As on 30.03.2011
|
Particular |
|
No. of Shares |
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Rajeshbhai ,Govindbhai Detroja |
|
101000 |
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Nileshbhai Govindbhai Detroja |
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25000 |
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Premilaben Govindbhai Detroja |
|
50500 |
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Rameshbhai Govindbhai Detroja |
|
50500 |
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Govindbhai Gokalbhai Detroja |
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56000 |
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Arvindbhai Gordhanbhai Khokhani |
|
126250 |
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Kishorbhai Dayaljibhai Khokhani |
|
126250 |
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Gordhanbhai Thakarshibhai Khokani |
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25000 |
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Bhawatiben Mavjibhai Aghara |
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15000 |
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Rameshbhai Bhurabhai Sadatiya |
|
75750 |
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Rameshbhai Arjanbhai Gami |
|
75750 |
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Rameshbhai Dwkaranbhai Adroja |
|
50000 |
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Hansaben Rameshbhai Adroja |
|
20000 |
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Gautambhai Laljibhai Patel |
|
497500 |
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Premjibhai Karshanbhai Bariya |
|
150000 |
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Ashokbhai Kuvarjibhai Bhagya |
|
100000 |
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Mansukhbhai Chhaganbhai Masot |
|
101000 |
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Lataben Kantiial Bavarava |
|
250500 |
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Govindbhai Devjibhai Vadsola |
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50500 |
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Subhashbhai Govindbhai Vadsola |
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101000 |
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Hareshbhai Govindbhai Vadsola |
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81250 |
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Bhupendrabhai Thakarshibhai Lo |
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200000 |
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Bhavnaben Bhupendrabhai Lo |
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20000 |
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Gordhanbhai Thakarshibhai Lo |
|
126250 |
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Ashwinbhai Gordhanbhai Lo |
|
126250 |
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Pushpaben Latitbhal Bhimani |
|
75000 |
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Arvindbhai MuIjibhai Hinsu |
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202000 |
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Vashrambhai Makanbhai Hinsu |
|
70000 |
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Gdavariben Jadavjibhai Patel |
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240750 |
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Pankajbhai Jadavjibhai Patel |
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252500 |
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Atutbhai Pitambarbhai Aghera |
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50500 |
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Pranjivanbhai Mahadevbhai Kavar |
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100000 |
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Labhubhai Amarshibhai Varsada |
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50500 |
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Dharmeshbhai Nanubhai Kanjiya |
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82500 |
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Keshavjibhai Govindbhai Patel |
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73750 |
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Nanubhai Gwindbhai Patel |
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75750 |
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Narbherambhai Govindbhai Kanjiya |
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30750 |
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Rohitbhai Narbherambhai Patel |
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72500 |
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Kalpeshbhai Keshavjibhai Patel |
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75000 |
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Virnalbhai Narbherambhai Kanjiya |
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75750 |
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Total |
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4128500 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Vitrified Tiles. |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
Punjab National Bank, Ambawadi Branch, |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5500000 |
Equity Shares |
Rs.10/- each |
Rs.55.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4228500 |
Equity Shares |
Rs.10/- each |
Rs.42.285
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
(PARTNERSHIP FIRM
ORZONE CERAMIC)
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SOURCES OF FUNDS |
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|
08.07.2010 |
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SHAREHOLDERS FUNDS |
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1] Partners Capital |
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|
1.000 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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1.000 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.520 |
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TOTAL BORROWING |
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0.520 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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1.520 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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1.420 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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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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Sundry Debtors |
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0.000 |
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Cash & Bank Balances |
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|
0.090 |
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Other Current Assets |
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|
0.010 |
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Loans & Advances |
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0.000 |
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Total
Current Assets |
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|
0.100 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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0.000 |
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Other Current Liabilities |
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|
0.000 |
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Provisions |
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|
0.000 |
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Total
Current Liabilities |
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|
0.000 |
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Net Current Assets |
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|
0.100 |
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MISCELLANEOUS EXPENSES |
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|
0.000 |
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TOTAL |
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1.520 |
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KEY RATIOS
|
PARTICULARS |
|
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|
08.07.2010 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
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0.52 |
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Current Ratio (Current Asset/Current Liability) |
|
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|
0.00 |
LOCAL AGENCY FURTHER INFORMATION
Nil
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
|
1 |
Rs.73.87 |
|
Euro |
1 |
Rs.65.83 |
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.