MIRA
INFORM REPORT
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Report Date : |
05.05.2011 |
IDENTIFICATION DETAILS
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Name : |
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Registered
Office : |
Survey No.121/P6, Behind Solaris, Village Sartanpar, Taluka Wankaner,
Sartanpar-363 642, |
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Country : |
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Date of
Incorporation : |
05.06.2010 |
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Com. Reg. No.: |
61005 |
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CIN No.: [Company Identification
No.] |
U26933GJ2010PTC061005 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
RKTS07055G |
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Legal Form : |
Private limited liability company |
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Line of Business
: |
Manufacturer of Vitrifies 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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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 complete its one full year of
operation. Business is active. Payments terms are not known. The company can be considered for business dealings on 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. Dipak Patel |
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Designation : |
Director |
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Contact No.: |
91-9909908711 |
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Date : |
05.05.2011 |
LOCATIONS
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Registered Office/ Factory : |
Survey No.121/P6, Behind Solaris, Village Sartanpar, Taluka Wankaner,
Sartanpar-363 642, |
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Tel. No.: |
91-2828-296680 |
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Mobile No.: |
91-9909908711 (Mr. Dipak Patel) |
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E-Mail : |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Jintendrakumar Shamjibhai Kanani |
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Designation : |
Director |
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Address : |
406, Taxshila Apartment, |
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Date of Birth/Age : |
20.11.1971 |
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Date of Appointment : |
05.06.2010 |
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Name : |
Mr. Bhagvanjibhai S. Detroja |
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Designation : |
Director |
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Name : |
Mr. Hitesh G. Kalola |
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Designation : |
Director |
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Name : |
Mr. Chandrakant N. Ashar |
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Designation : |
Director |
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Name : |
Mr. Gunvantray S. Detroja |
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Designation : |
Director |
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Name : |
Mr. Kanjibhai C. Detroja |
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Designation : |
Director |
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Name : |
Mr. Dipak D. Detroja |
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Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 15.11.2010
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Names of Allottees |
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No. of Shares Allotted |
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Dhanjibhai Chhaganbhai Detroja |
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73750 |
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Dipakbhai Dhanjibhai Detroja |
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110000 |
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Vijay Dhanjibhai Detroja |
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105000 |
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Veenaben Vijaybhai Detroja |
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23500 |
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Jayashriben Dipakbhai Detroja |
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13500 |
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Nileshbhai Kanjibhai Detroja |
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56250 |
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Rashilaben Nileshbhai Detroja |
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33000 |
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Rajeshkumar Kanjibhai Detroja |
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73250 |
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Manishaben Rajeshkumar Detroja |
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44000 |
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Kishorbhai Kanjibhai Detroja |
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47000 |
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Sangitaben Kishorbhai Detroja |
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40750 |
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Vasantbhai Chhaganbhai Detroja |
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65000 |
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Gunvantrai Shivlalbhai Detroja |
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46250 |
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Prabhulal Shivlalbhai Detroja |
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50000 |
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Prakash Tribhovanbhai Detroja |
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35000 |
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Bhagvanbhai Bhanjibhai Detroja |
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66250 |
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Anantbhai Laxmanbhai Detroja |
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70000 |
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Narbherambhai Amarshibhai Detroja |
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40000 |
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Durlabhjibhai Khimjibhai Rangapariya |
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70000 |
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Dipak Babulal Rupala |
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20000 |
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Shailesh Babulal Rupala |
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25000 |
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Shadhnaben Kailashbhai Desai |
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30000 |
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Kaushik Amrutbhai Fefer |
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40000 |
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Shivlalbhai Devkaranbhai Andarapa |
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35000 |
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Hansarajbhai Kanjibhai Kanani |
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75000 |
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Dayaben Hansarajbhai Kanani |
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75000 |
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Subhash Hansarajbhai Kanani |
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75000 |
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Neepane Subhashbhai kanani |
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75000 |
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Jitendrabhai Samajibhai Kanai |
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120000 |
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Rashilaben Jitendrabhai Kanani |
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25000 |
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Chanrakant Narandas Ashar |
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138750 |
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Vikram Chandrakant Ashar |
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90000 |
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Govindbhai Popatbhai Kalola |
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105000 |
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Anil Govindbhai Kalaola |
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105000 |
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Hitesh Govindbhai Kalola |
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60000 |
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Gopalbhai Popatbhai Kalola |
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70000 |
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Rameshchandra Maganlal Hansalia |
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75000 |
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Hareshbhai Maganlal Hansalia |
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75000 |
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Rajeshbhai Maganlal Hansalia |
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75000 |
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Natwarlal Maganlal Hansalia |
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75000 |
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Total |
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2526250 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Vitrifies Tiles |
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Imports : |
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Products : |
Machinery |
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Countries : |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL INFORMATION
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Customers : |
·
Wholesalers ·
Retailers |
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No. of Employees : |
20 (Approximately) |
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Bankers : |
State Bank of |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
N. M. Sitapra and Associates Chartered Accountants |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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3750000 |
Equity Shares |
Rs.10/- Each |
Rs.37.500 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
2626250 |
Equity Shares |
Rs.10/- Each |
Rs.26.262
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Divulged
LOCAL AGENCY FURTHER INFORMATION
Bankers Charges
Report as per Registry
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This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U26933GJ2010PTC061005 |
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Name of the
company |
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Address of the
registered office or of the principal place of business in |
Survey No.121/P6, Behind Solaris, Village Sartanpar, Taluka Wankaner,
Sartanpar-363 642, |
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Type of charge |
Book Debts Movable Property (not
being pledge) Immovable
Property |
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Particular of
charge holder |
State Bank of |
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Email |
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Nature of description
of the instrument creating or modifying the charge |
i) Agreement of Hypo. of goods & assets, ii) Memo. rela.
to Deposit of Title Deeds. |
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Date of
instrument Creating the charge |
02.11.2010 |
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Amount secured by
the charge |
Rs.201.400 Millions
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest CC : 11.35 %
presently, TL: 11.60 %
presently. Terms of
Repayment CC : On demand, TL: 72 mly.
instalments. Margin 50 % : Domestic Receivables, 40 % : Building
and Machinery old, 25 %: Others. Extent and
Operation of the charge First Charge of
Bank. |
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Short particulars
of the property charged |
I)
Hypo.of
all stocks including r/m, semi-finished and
finished goods, book-debts, all current assets, all plant and machineries, present and future II)
EM of
factory land and building at S. No.
121p6, Vill. Sartanpar,Tal. Wankaner more |
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 |
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US Dollar |
1 |
Rs.44.59 |
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|
1 |
Rs.73.42 |
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Euro |
1 |
Rs.66.04 |
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.