MIRA
INFORM REPORT
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Report Date : |
28.11.2011 |
IDENTIFICATION DETAILS
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Name : |
DIVA ENVITEC PRIVATE LIMITED |
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Registered
Office : |
1st Floor, 4/31 A, Road No.2, Sidharth Nagar-5, Goregaon
(West), Mumbai – 400 104, |
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Country : |
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Date of
Incorporation : |
25.01.2010 |
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Com. Reg. No.: |
11-199320 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 million |
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CIN No.: [Company Identification
No.] |
U74990MH2010PTC199320 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD17752A |
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PAN No.: [Permanent Account No.] |
AADCD3268M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Subject is engaged in design, manufacture
and supply of Membrane Systems Continuous Filters, Hot Gas Filters, Filter
Cartridge, Bag Filter, Self Cleaning, Compressed Gas, Distillation, and
Hardware and Spares. |
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No. of Employees
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Not Available |
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 establish itself gradually.
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 – 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 |
INFORMATION DECLINED BY
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Name : |
Mr. Lalit Vashishta |
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Designation : |
Director |
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Date : |
25.11.2011 |
LOCATIONS
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Registered Office : |
1st Floor, 4/31 A, Road No.2, Sidharth Nagar-5, Goregaon
(West), Mumbai – 400 104, |
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Tel. No.: |
91-22-28712926/ 32024873/
28785874 |
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Fax No.: |
91-22-28712926/ 32024873 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Lalit Madan Lal Vashishta |
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Designation : |
Director |
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Address : |
2/272, Shantivan, New |
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Date of Birth/Age : |
23.11.1963 |
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Date of Appointment : |
25.01.2010 |
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DIN No.: |
01828620 |
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Other Directorship :
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Name : |
Mr. Raj Raman |
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Designation : |
Director |
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Address : |
302, Ashana, |
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Date of Birth/Age : |
06.07.1960 |
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Date of Appointment : |
25.01.2010 |
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Date of Ceasing : |
28.09.2010 |
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DIN No.: |
00774887 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Lalit Vashishta |
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7500 |
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Raj Raman |
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2500 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in design, manufacture and supply of Membrane
Systems Continuous Filters, Hot Gas Filters, Filter Cartridge, Bag Filter,
Self Cleaning, Compressed Gas, Distillation, and Hardware and Spares. |
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Products : |
v
Membrane Systems v
Continuous Filters v
Hot Gas Filters v
Filter Cartridge v
Bag Filter v
Self Cleaning v
Compressed Gas v Distillation v Hardware and Spares |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
Axis Bank
Limited, Corporate Banking Branch, Ground Floor, Axis House, Bombay Dyeing Mills
Compound, P.B Marg, Worli, Mumbai – 400 025, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
Authorised 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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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]
NEW COMPANY
LOCAL AGENCY FURTHER INFORMATION
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Corporate
identity number of the company |
U74990MH2010PTC199320 |
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Name of the
company |
DIVA ENVITEC PRIVATE LIMITED |
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Address of the registered
office or of the principal place of
business in |
1st Floor, 4/31 A, Road No.2, Sidharth Nagar-5, Goregaon
(West), Mumbai – 400 104, E-Mail: kiran@cakirandeodhar.com |
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This form is for |
Creation of
charge |
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Type of charge |
Book Debts Movable Property Others (Current
and Fixed Assets) |
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Particular of
charge holder |
Axis Bank Limited,
Corporate Banking Branch, Ground Floor, Axis House, Bombay Dyeing Mills
Compound, P.B Marg, Worli, Mumbai – 400 025, Maharashtra, India E-Mail: adlalwani@rediffmail.com |
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Nature of
description of the instrument creating or modifying the charge |
1. Composite
Hypothecation Deed (Current Assets, Movables, Plant and Machinery) |
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Date of
instrument Creating the charge |
10.10.2011 |
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Amount secured by
the charge |
Rs.7.000 millions
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Base Rate + 4.50%
i.e. presently 14.50% p.a. at monthly rests and / or as stipulated by bank
from time to time Terms of
Repayment: On demand and /
or as stipulated by bank from time to time Margin: Cash Margin 25%
and / or as stipulated by bank from time to time Extent and
Operation of the charge: First Charge
(present and future) = total limit Rs.7.000 millions (cash credit Rs.3.000 millions,
bank guarantee Rs.4.000 millions) and / or as stipulated by Bank from time to
time Others: As stipulated by
bank from time to time and as per agreement attached and as per sanction
letter of the Bank. |
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Short particulars
of the property charged |
First Charge
(present and future on following assets) – (1) hypothecation
of movable machinery, plant machinery, fixtures, fittings, other
installation, cranes, furniture, computers and other accessories vehicles
together with spares tools and accessories and all other articles (2) Hypothecation
of movable goods and assets including all type of stock/ inventories/ goods/
products kept at borrower place/ premises/ factories/ godowns or
whereeverelse or in transit including brought
under B.G./ bank finance (3) Hypothecation
of book debts/ out standing monies, receivables, claims, bills, contracts,
engagement and securities (4) hypothecation
of current, movable fixed assets of the company |
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.17 |
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1 |
Rs.80.64 |
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Euro |
1 |
Rs.69.43 |
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.