MIRA
INFORM REPORT
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Report Date : |
09.05.2011 |
IDENTIFICATION DETAILS
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Name : |
ALL TIME PLASTICS PRIVATE LIMITED |
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Registered
Office : |
B/30, Royal Industrial Estate, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
08.03.2001 |
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Com. Reg. No.: |
11-131139 |
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Paid-up Capital
: |
Rs. 0.102 Million |
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CIN No.: [Company Identification
No.] |
U25209MH2001PTC131139 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA14515E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing all kinds of Plastic Products |
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No. of Employees
: |
Information not divulged by management |
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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Status : |
Yet to Commence Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
The management denied to disclose any information about the company.
As per available details, though the company was incorporated in the year
2001, it is yet to commence its commercial activities. Payment terms are not
known. Initially, the company can be considered for business dealings on a
safe and secured trade terms and conditions. The latest Profit and Loss of the company is not available. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION DENIED BY
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Name : |
Mr. Bhupesh Shah |
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Designation : |
Director |
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Date : |
07.05.2011 |
LOCATIONS
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Registered Office : |
B/30, Royal Industrial Estate, |
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Tel. No.: |
91-22-66208900 |
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Fax No.: |
91-22-66208999 |
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E-Mail : |
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Website : |
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Factory 1 : |
377/1 (1 and 2), Kachigam Char Rasta, |
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Tel. No.: |
91-260-2242505-22421 |
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Fax No.: |
91-260-2242506 |
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Factory 2 : |
Survey No.190/1/2,190/1/2,190/1/3, Gandhigram Dokmardi – KilvaniRoad,
Village : Amli, Silvassa ( UT of Dnh) – 396230 |
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Tel. No.: |
91-260-2630901 / 2630902 |
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E-Mail : |
DIRECTORS
AS ON 24.09.2010
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Name : |
Mr. Shah Hansraj Punamchand |
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Designation : |
Director |
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Address : |
20/12, Dutt Kutir, |
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Date of Birth/Age : |
22.03.1932 |
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Date of Appointment : |
08.03.2001 |
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Date of Cessation : |
25.01.2008 |
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DIN No.: |
00268338 |
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Name : |
Mr. Shah Punamchand Kailesh |
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Designation : |
Director |
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Address : |
20/12, Dutt Kutir, |
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Date of Birth/Age : |
04.06.1962 |
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Date of Appointment : |
08.03.2001 |
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DIN No.: |
00268442 |
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Name : |
Mr. Shah Punamchand Bhupesh |
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Designation : |
Director |
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Address : |
20/12, Dutt Kutir, |
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Date of Birth/Age : |
04.04.1964 |
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Date of Appointment : |
08.03.2001 |
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DIN No.: |
00281295 |
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Name : |
Mr. Shah Punamchand Nilesh |
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Designation : |
Director |
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Address : |
20/12, Dutt Kutir, |
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Date of Birth/Age : |
29.09.1965 |
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Date of Appointment : |
08.03.2001 |
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DIN No.: |
00281407 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2010
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Names of Shareholders |
No. of Shares |
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Shah Punamchand Vasanti |
252700 |
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Shah Punamchand Kailesh |
249000 |
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Shah Punamchand Bhupesh |
249000 |
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Shah Punamchand Nilesh |
249000 |
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Shah Kailesh Rupal |
100 |
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Shah Bhupesh Kajal |
100 |
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Shah Nilesh Sangeeta |
100 |
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TOTAL |
1000000 |
AS ON 24.09.2010
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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 : |
Manufacturing all kinds of Plastic Products |
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GENERAL INFORMATION
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No. of Employees : |
Information not divulged by management |
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Bankers : |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mihir Shah and Associates Chartered Accountant |
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Address : |
608, 6th Floor, |
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Pan No.: |
AAKPS3076Q |
CAPITAL STRUCTURE
AS ON 24.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs. 10/- each |
Rs.10.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs. 10/- each |
Rs.10.000 millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.102 |
0.102 |
0.102 |
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2] Share Application Money |
11.500 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
(0.093) |
(0.080) |
(0.065) |
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NETWORTH |
11.509 |
0.022 |
0.037 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
38.667 |
31.542 |
25.512 |
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TOTAL BORROWING |
38.667 |
31.542 |
25.512 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
50.176 |
31.564 |
25.549 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
22.648 |
22.648 |
22.486 |
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Capital work-in-progress |
24.174 |
6.307 |
2.476 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
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0.000
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0.000 |
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Sundry Debtors |
0.000
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0.000
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0.000 |
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Cash & Bank Balances |
0.027
|
0.072
|
0.086 |
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Other Current Assets |
0.000
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0.000
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0.000 |
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Loans & Advances |
0.067
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0.000
|
0.000 |
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Total
Current Assets |
0.094
|
0.072
|
0.086 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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Other Current Liabilities |
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Provisions |
0.000
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0.000
|
0.000 |
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Total
Current Liabilities |
2.010
|
0.293
|
0.005 |
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Net Current Assets |
(1.916)
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(0.221)
|
0.081 |
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MISCELLANEOUS EXPENSES |
5.270 |
2.830 |
0.506 |
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TOTAL |
50.176 |
31.564 |
25.549 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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-- |
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Other Income |
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-- |
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TOTAL |
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-- |
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Less |
EXPENSES |
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Administrative Expenses |
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0.025 |
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TOTAL |
NA |
NA |
0.025 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
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(0.025) |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
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(0.040) |
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BALANCE CARRIED
TO THE B/S |
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(0.065) |
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KEY RATIOS
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PARTICULARS |
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31.03.2010 |
31.03.2009 |
31.03.2008 |
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Debt Equity Ratio (Total Liability/Networth) |
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3.53
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1447.04
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689.64 |
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Current Ratio (Current Asset/Current Liability) |
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0.05
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0.24
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17.20 |
LOCAL AGENCY FURTHER INFORMATION
The Details of sundry creditors is not available.
FORM 8
|
Corporate
identity number of the company |
U25209MH2001PTC131139 |
|
Name of the
company |
ALL TIME PLASTICS
PRIVATE LIMITED |
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Address of the registered
office or of the principal place of
business in |
B/30, Royal Industrial Estate, |
|
This form is for |
Creation of charge |
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Type of charge |
Immovable Property |
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Particular of
charge holder |
DBS Bank Limited, 221, |
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Nature of
description of the instrument creating or modifying the charge |
Memorandum of
entry |
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Date of
instrument Creating the charge |
04.03.2011 |
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Amount secured by
the charge |
Rs.302.500
millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As may be
specified by bank from time to time. Terms of
Repayment As may be
specified by bank from time to time. Margin As may be
specified by bank from time to time. Extent and
Operation of the charge Exclusive charge
by way of Mortgage over the Immovable properties
of the Company, in favour of DBS Bank Ltd as security for repayment of
financial facilities granted by the Bank to the Company. 1. Working
capital facility of Rs. 132.500 Million. 2. Foreign
Currency Loan of USD Equivalent of INR
170.000 Million. |
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Short particulars
of the property charged |
Property being
land bearing S.No.190/1/2 admg. 8400 sq.mtrs., S.No.190/1/1/2 admg. 11700
sq.mtrs. and S.No. 190/1/3 admg. 29100 sq.mtrs. Situated at Village Amli of
the |
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.44.78 |
|
|
1 |
Rs.73.43 |
|
Euro |
1 |
Rs.65.27 |
RATING EXPLANATIONS
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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.