MIRA
INFORM REPORT
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Report Date : |
30.09.2011 |
IDENTIFICATION DETAILS
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Name : |
FOMENTO RESOURCES PRIVATE LIMITED |
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Registered
Office : |
Casa Del Sol, Casa 3-325, Next to Goa Marriott’s |
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Country : |
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Date of
Incorporation : |
08.07.2010 |
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Com. Reg. No.: |
24-006440 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100
Million |
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CIN No.: [Company Identification
No.] |
U13209GA2010PTC006440 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BLRF02043G |
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PAN No.: [Permanent Account No.] |
AABCF5649N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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To carry on business of mining, extraction, processing, trading, logistics, import,
export, prospecting licences, mining leases, acquiring mines in India and
elsewhere, mining properties, deal in substances from earth, mineral
resources and other natural resources. |
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No. of Employees
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Information denied by the management. |
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. The
management denied to disclose any information about the company. 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.
INFORMATION DECLINED BY
Management non co-operative.
LOCATIONS
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Registered Office : |
Casa Del Sol, Casa 3-325, Next to Goa Marriott’s Miramar,
Panaji-403001, Goa, India |
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Tel. No.: |
91-832-6658484 |
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Fax No.: |
91-832-6658400 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. Ambar Auduth Timblo |
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Designation : |
Director |
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Address : |
F-2, Dona Paula Apartments, Near |
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Date of Birth/Age : |
09.04.1976 |
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Din No.: |
00213068 |
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Other Directorship:
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Name : |
Mr. Francisco Jose Joaquim Lume Pereira |
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Designation : |
Director |
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Address : |
33/212, Senaulim Verna-403722, |
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Date of Birth/Age : |
04.02.1950 |
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Din No.: |
00347874 |
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Other Directorship:
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Name : |
Mr. Apoorva Kailash Nath Misra |
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Designation : |
Director |
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Address : |
Flat A502 Block A, Castle Rock, |
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Date of Birth/Age : |
04.07.1974 |
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Din No.: |
02722155 |
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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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Auduth Timblo |
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4900 |
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Ambar Timblo |
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5100 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
To carry on business of mining, extraction, processing, trading, logistics, import, export,
prospecting licences, mining leases, acquiring mines in India and elsewhere,
mining properties, deal in substances from earth, mineral resources and other
natural resources. |
GENERAL INFORMATION
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No. of Employees : |
Information denied by the management. |
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Bankers : |
Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Not Available |
CAPITAL STRUCTURE
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 |
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 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
New Company
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 |
U13209GA2010PTC006440 |
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Name of the
company |
FOMENTO RESOURCES PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
Casa Del Sol, Casa 3-325, Next to Goa Marriott’s Miramar,
Panaji-403001, Goa, India |
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Type of charge |
Movable Property
(not being pledge) Others |
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Particular of
charge holder |
Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of |
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Email |
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Nature of
description of the instrument creating or modifying the charge |
Deed of
hypothecation |
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Date of
instrument Creating the charge |
28.12.2010 |
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Amount secured by
the charge |
Rs.3750.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Term Loan and Cash
credit YES Bank base Rate plus 3.0% Terms of
Repayment Term Loan: 6
months moratarium period and repayment in 26 equal quarterly installments CC: On demand Extent and
Operation of the charge To the extent of Rs.
3750.000 millions towards extension of security by way of hypothecation of
movables and current assets of the company for borrowings made by prime
mineral exports private limited. |
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Short particulars
of the property charged |
I)
Hypothecation
of All Amounts, Revenues, Receipts and Other Receivables, Owing To, And
Received By, FRPL, From Whoesover Person and All Rights, Titles, Interest,
Benefits, Claims And Demands (Contd. II) II)
Whatsover
of FRPL In, to or in Respect of all Amounts Owing to, and Received By FRPL
Under The Iron Ore Raising Agreement Dated October 18,2010 Executed Between
Mr. Gn Agarwal, FRPL (Contd. III) III)
And
Eyestar Finance And Leasing Private Limited. And (Ii) The Iron IV)
All
Rights and Interest of FRPL Under The Share Purchase Agreement Dated October 18, 2010, Executed Between
FRPL, Eyestar Finance And Leasing Private Limited And All The Shareholders
(Contd V) V)
Of
Eyestar Finance And Leasing Private Limited. |
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.48.92 |
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1 |
Rs.76.52 |
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Euro |
1 |
Rs.66.65 |
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.