MIRA
INFORM REPORT
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Report Date : |
26.05.2011 |
IDENTIFICATION DETAILS
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Name : |
A-1 FENCE PRODUCTS COMPANY PRIVATE LIMITED |
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Registered
Office : |
503, |
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Country : |
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Date of
Incorporation : |
12.05.2009 |
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Com. Reg. No.: |
192329 |
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Capital
Investment / Paid-up Capital : |
Rs.0.980
million |
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CIN No.: [Company Identification
No.] |
U28990MH2009PTC192329 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Barbed Wire, Razor Wire, Chain Link Fence Fittings, Chain Link Fence, Galvanized Wire and Wire Products. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company and yet to establish itself
gradually. Payment terms are not known. The company can be considered for business dealings on a 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 (Partial Details)
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Name : |
Mr. Ajay |
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Designation : |
Accountant |
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Contact No.: |
91-22-28457540 |
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Date : |
24.05.2011 |
LOCATIONS
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Registered Office : |
503, |
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Tel. No.: |
91-22-26321345 |
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Fax No.: |
91-22-28457540 |
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E-Mail : |
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Website : |
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Corporate Office : |
21, Raju Industrial Estate, Penkar Pada Road, Near Dahisar Check Naka, Dahisar (East), Mumbai- 401 104, Maharashtra, India |
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Tel. No.: |
91-22-28457540/ 28457252 |
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Fax No.: |
91-22-28455014 |
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E-Mail : |
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Factory 1 : |
Unit I: 35-36, Athal Industrial Estate, Athal, Silvassa (D and NH) – 396 230, |
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Tel. No.: |
91-260-3292809 |
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Factory 2 : |
Unit II: Behind Soniwadi, |
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Tel. No.: |
91-260-2575766 |
DIRECTORS
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Name : |
Mr. Prabhat Kumar Shyam Lall Gupta |
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Designation : |
Director |
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Address : |
503, |
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Date of Birth/Age : |
16.11.1949 |
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DIN No.: |
00354825 |
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Name : |
Mr. Vivek Prabhat Kumar Gupta |
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Designation : |
Director |
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Address : |
503, |
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Date of Birth/Age : |
26.12.1978 |
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DIN No.: |
00354978 |
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Name : |
Mr. Saurabh Prabhat Kumar Gupta |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
26.07.1981 |
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DIN No.: |
02491395 |
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Name : |
Mrs. Kanta Gupta |
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Designation : |
Director |
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Address : |
503, Golden Chariot, Shastri Nagar, Flat 503, Andheri (West), Mumbai –
400 053, |
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Date of Birth/Age : |
08.02.1928 |
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DIN No.: |
02491383 |
KEY EXECUTIVES
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Name : |
Mr. Ajay |
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Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Prabhat Kumar Gupta |
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12500 |
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Saurabh Gupta |
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12000 |
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Kanta Gupta |
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12000 |
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Vivek Gupta |
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12000 |
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Aravali Hightech Private Limited, |
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500 |
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Saurdeep Investment Private Limited, |
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500 |
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Sam Alloys Private Limited, |
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500 |
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Total
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50000 |
As on 01.11.2010
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Names of Allottees |
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No. of Shares |
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Prabhat Kumar Gupta |
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12000 |
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Saurabh Gupta |
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11520 |
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Kanta Gupta |
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11520 |
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Vivek Gupta |
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11520 |
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Aravali Hightech Private Limited, |
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480 |
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Saurdeep Investment Private Limited, |
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480 |
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Sam Alloys Private Limited, |
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480 |
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Total
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48000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Barbed Wire, Razor Wire, Chain Link Fence Fittings, Chain Link Fence, Galvanized
Wire and Wire Products. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Information declined by the management |
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Bankers : |
Karnataka Bank Limited,
Overseas Branch, 104-106, Embassy Centre, Nariman Point, Mumbai – 400 021, |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
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Sister Concerns : |
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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200000 |
Equity Shares |
Rs.10/- each
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Rs.2.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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98000 |
Equity Shares |
Rs.10/- each
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Rs.0.980
million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
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Corporate identity
number of the company |
U28990MH2009PTC192329 |
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Name of the
company |
A-1 FENCE PRODUCTS COMPANY PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
503, E-Mail: A1fence2004@yahoo.com |
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This form is for |
Creation of
charge |
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Type of charge |
Movable Property Others (Plant and
machineries, equipments etc.) |
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Particular of
charge holder |
Karnataka Bank Limited, Overseas Branch, 104-106, Embassy Centre,
Nariman Point, Mumbai – 400 021, E-Mail: bom.overseas@ktkbank.com |
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Nature of
description of the instrument creating or modifying the charge |
Hypothecation
Agreement. |
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Date of
instrument Creating the charge |
31.01.2011 |
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Amount secured by
the charge |
Rs.49.000
millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: At PLR (present
PLR being 13.75% p.a.), subject to changes made by the bank from time to
time. Terms of
Repayment: Repayable in 83 equal
monthly installments of Rs.0.583 million each and 84th installment
of Rs.0.611 million. Interest to be serviced as and when debited. Margin: Margin to be
maintained at 25% or at such other rate as may be stipulated by the bank from
time to time. Extent and
Operation of the charge: Security created
in respect of term loan facility. |
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Short particulars
of the property charged |
Entire plant and
machineries, equipments, furniture, fixture and fittings and all other
movable assets of the company stored / installed at S. No. 15/2/4/P1,
15/2/4/P1/P1, 15/2/4/P1/P2, 15/10/17/P1, 15/11/18/P1, 17/3/P1 and 18/1
situated at Soni Wadi, Wanka Sub Station Road, Village Thumb via Sanjan,
Umargaon taluk, Valsad district, Gujarat. |
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Corporate identity
number of the company |
U28990MH2009PTC192329 |
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Name of the
company |
A-1 FENCE PRODUCTS COMPANY PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
503, E-Mail: A1fence2004@yahoo.com |
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This form is for |
Creation of
charge |
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Type of charge |
Immovable
Property |
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Particular of
charge holder |
Karnataka Bank Limited, Overseas Branch, 104-106, Embassy Centre,
Nariman Point, Mumbai – 400 021, E-Mail: bom.overseas@ktkbank.com |
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Nature of description
of the instrument creating or modifying the charge |
No instrument was
executed. Charge created by equitable mortgage by way of deposit of title
deeds. |
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Date of
instrument Creating the charge |
10.05.2010 |
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Amount secured by
the charge |
Rs.170.000
millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest:
Not Applicable Terms of
Repayment: Not Applicable Margin: Not
Applicable Extent and
Operation of the charge: Security created in respect of credit facilities
sanctioned vide Bank's resolution under ref: MDS (LCFD) 105/09-10 dated
06.02.2010 |
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Short particulars
of the property charged |
Immovable
property being factory land bearing Survey No.144/1/2/35 and 36 admeasuring
1468.75 sq. mtrs. and 2080.32 sq. mtrs. respectively at Athal Industrial
Estate, Athal, Union Territory of Dadra Nagar Haveli 396230. |
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.45.38 |
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|
1 |
Rs.73.31 |
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Euro |
1 |
Rs.63.70 |
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.