MIRA
INFORM REPORT
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Report Date : |
18.11.2011 |
IDENTIFICATION DETAILS
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Name : |
PG STRATEGIC CONSULTANCY SERVICES PRIVATE LIMITED |
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Registered
Office : |
574, 3rd Floor, Main Road, Chirag, New Delhi – 110017 |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
15.10.2008 |
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Com. Reg. No.: |
55-184272 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U74140DL2008PTC184272 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in providing Business Auxiliary Services. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca (14) |
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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 : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company having moderate track. There
appears huge accumulated losses recorded by the company. However, trade
relations are reported as fair. Business is active. Payments are unknown. 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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
LOCATIONS
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Registered Office : |
574, 3rd Floor, Main Road, Chirag, New Delhi – 110017,
India |
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Tel. No.: |
91-11-41834111/ 41834411 |
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Fax No.: |
91-11-41834112 |
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E-Mail : |
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Website : |
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Commercial Office : |
DLF Phase – I, Block G- 4/8, Gurgaon, Haryana, India |
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Fax No.: |
91-124-4256081 |
DIRECTORS
(AS ON 29.09.2011)
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Name : |
Mr. Federico Damiani |
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Designation : |
Director |
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Address : |
13, Valle Osiliera, Ferrara FE, 44100, Italy |
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Date of Appointment : |
16.12.2008 |
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DIN No.: |
02249467 |
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Other Directorship : |
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Name : |
Mr. Claudio Damiani |
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Designation : |
Director |
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Address : |
Via Valle Osiliera 13. FE 441100, Italy |
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Date of Appointment : |
16.12.2008 |
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DIN No.: |
02352869 |
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Other Directorship : |
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Name : |
Mr. Pradeep Kumar Verma |
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Designation : |
Director |
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Address : |
Block No.39/3 D, Sector -2, Gole Market, New Delhi – 110001, India |
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Date of Appointment : |
15.10.2008 |
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Name : |
Mr. Govind Prasad |
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Designation : |
Director |
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Address : |
P-155, Pillanji Nagar, Sarojini Nagar, New Delhi – 110023, India |
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Date of Appointment : |
15.10.2008 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2011)
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Names of Shareholders |
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No. of Shares |
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Federico Damiani |
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9500 |
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Claudio Damiani |
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500 |
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Total |
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10000 |
(AS ON 30.09.2011)
Equity Shares Break-up
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Category |
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Percentage |
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Directors or relatives of directors |
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100.00 |
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Total
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in providing Business Auxiliary Services. |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
M. D. Gujrati and Company Chartered Accountants |
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Address : |
573, 3rd Floor, Main Road, Chirag, New Delhi – 110017,
India |
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Tel. No.: |
91-11-41834111/ 41834411 |
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Fax No.: |
91-11-41834112 |
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PAN No.: |
AAFFM6032R |
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Email : |
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Website : |
CAPITAL STRUCTURE
(AS ON 31.03.2011)
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 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 |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
(2.673) |
(0.901) |
(0.648) |
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NETWORTH |
(2.573) |
(0.801) |
(0.548) |
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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 |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
(2.573) |
(0.801) |
(0.548) |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.016 |
0.320 |
0.000 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
1.291 |
0.392 |
0.279 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
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0.000 |
0.000 |
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Sundry Debtors |
0.276
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0.000 |
0.000 |
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Cash & Bank Balances |
0.077
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0.700 |
0.000 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
0.035
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0.132 |
0.000 |
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Total
Current Assets |
0.388
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0.832 |
0.000 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditor |
3.332
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2.345 |
0.020 |
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Other Current Liabilities |
0.936
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0.000 |
0.807 |
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Provisions |
0.000
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0.000 |
0.000 |
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Total
Current Liabilities |
4.268
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2.345 |
0.827 |
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Net Current Assets |
(3.880)
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(1.513) |
(0.827) |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
(2.573) |
(0.801) |
(0.548) |
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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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TOTAL INCOME |
0.940 |
3.313 |
0.000 |
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Less |
TOTAL EXPENSES |
3.612 |
3.680 |
0.927 |
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PROFIT/ (LOSS)
BEFORE TAX |
(2.672) |
(0.367) |
(0.927) |
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Less |
TAX |
(0.899) |
(0.114) |
(0.279) |
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PROFIT/ (LOSS) AFTER
TAX |
(1.773) |
(0.253) |
(0.648) |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(0.901) |
(0.648) |
0.000 |
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BALANCE CARRIED
TO THE B/S |
(2.674) |
(0.901) |
(0.648) |
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EARNINGS IN FOREIGN
CURRENCY |
0.250 |
3.263 |
0.000 |
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Earnings/(Loss)
Per Share (Rs.) |
(177.30) |
(25.30) |
-- |
KEY RATIOS
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PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
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PAT / Total Income |
(%) |
(188.62)
|
(27.20) |
0.00 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
(661.39)
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(31.86) |
0.00 |
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Return on Investment (ROI) (PBT/Networth) |
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1.04
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0.46 |
1.69 |
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Debt Equity Ratio (Total Liability/Networth) |
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(1.66)
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(2.93) |
(1.51) |
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Current Ratio (Current Asset/Current Liability) |
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0.09
|
0.35 |
0.00 |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
The registered office
of the company has been shifted from R-77A, Greater Kailash, Part
– I, New Delhi – 110048, India, to the present address w.e.f. 01.03.2011
FINANCIAL RESULTS:
The working for the financial year have
resulted million in turnover, which is Rs.0.940 Million as compared to the
previous period’s turnover of Rs.3.313 Millions. The company has incurred loss
of Rs.1.772 Million (previous year Rs.0.253 Million), this showing improvement
in the working and the results of the company.
FIXED ASSETS
· Computer
· Furniture and Fixture
· Office Equipment
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.50.72 |
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|
1 |
Rs.79.88 |
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Euro |
1 |
Rs.68.46 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
-- |
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--CREDIT LINES |
1~10 |
1 |
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--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 |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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14 |
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.