|
Report Date : |
03.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
INFINITE LUXURY DESIGN PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-186, Basement, Grater Kailash I, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.06.2010 |
|
|
|
|
Com. Reg. No.: |
204905 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.150 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101DL2010PTC204905 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELI08155A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACC13706Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Retailer of Garment. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company and yet to commence its commercial business
activities. Payments are unknown. The company can be considered for business dealings at usual trade
terms an 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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
E-186, Basement, Grater Kailash I, New Delhi – 110048, Delhi, India |
|
Mobile No.: |
91-9582645242 (Ms. Akansha – Senior Executive) |
|
E-Mail : |
DIRECTORS
AS ON 06.09.2011
|
Name : |
Mr.
Manav
Gangwani |
|
Designation : |
Director |
|
Address : |
S-341, Ground Floor, Panchsheel Park, New Delhi – 110017, Delhi, India |
|
Date of Birth/Age : |
13.08.1977 |
|
Date of Appointment : |
28.06.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U18101DL2010PTC204905 |
INFINITE LUXURY DESIGN PRIVATE
LIMITED |
Director |
28/06/2010 |
28/06/2010 |
- |
Active |
NO |
|
2 |
U74140DL2011PTC222442 |
INFINITE LUXURY BRANDS
PRIVATE LIMITED |
Director |
15/07/2011 |
15/07/2011 |
- |
Active |
NO |
|
Name : |
Mr. Sahibpreet Singh |
|
Designation : |
Director |
|
Address : |
D-503,
Som Vihar Apts. Rk Puram, New Delhi – 110066, Delhi, In |
|
Date of Birth/Age : |
27.04.1982 |
|
Date of Appointment : |
28.06.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U18101DL2010PTC204905 |
INFINITE LUXURY DESIGN
PRIVATE LIMITED |
Director |
28/06/2010 |
28/06/2010 |
- |
Active |
NO |
|
2 |
U74140DL2011PTC222442 |
INFINITE LUXURY BRANDS
PRIVATE LIMITED |
Director |
15/07/2011 |
15/07/2011 |
- |
Active |
NO |
|
Name : |
Ms. Anamika Kapoor |
|
Designation : |
Director |
|
Address : |
AR-309, Araliaas Apartments, DLF Golf Link, Gurgaon – 122002, Haryana,
India |
|
Date of Birth/Age : |
11.06.1965 |
|
Date of Appointment : |
18.08.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U92419DL1998PTC097377 |
STERLING SPORTS AND
LEISURE PRIVATE LIMITED |
Director |
15/07/2004 |
15/07/2004 |
- |
Active |
NO |
|
2 |
U51311DL2005PTC133313 |
FORTUNE CLOTHING PRIVATE
LIMITED |
Director |
23/02/2005 |
23/02/2005 |
06/03/2012 |
Under Process of Striking
off |
NO |
|
3 |
U80302DL2005PTC134071 |
WINNERS MANAGEMENT ACADEMY
PRIVATE LIMITED |
Director |
16/03/2005 |
16/03/2005 |
30/04/2007 |
Active |
NO |
|
4 |
U72200DL2005PTC135320 |
TUNGSTEN SOFTWARE
DEVELOPMENT PRIVATE LIMITED |
Director |
14/07/2008 |
28/04/2005 |
22/03/2011 |
Strike off |
NO |
|
5 |
U80301DL2005PTC141912 |
ACHIEVERS ACADEMY PVT LTD |
Director |
19/10/2005 |
19/10/2005 |
21/03/2011 |
Strike off |
NO |
|
6 |
U51909DL2004PTC128412 |
SARS MARKETING SOLUTIONS
PRIVATE LIMITED |
Director |
13/11/2007 |
13/11/2007 |
- |
Active |
NO |
|
7 |
U74140DL2008PTC176288 |
RKA Corporate Services
Private Limited |
Additional director |
05/07/2010 |
05/07/2010 |
- |
Active |
NO |
|
8 |
U18101DL2010PTC204905 |
INFINITE LUXURY DESIGN
PRIVATE LIMITED |
Additional director |
18/08/2010 |
18/08/2010 |
- |
Active |
NO |
|
9 |
U74899DL2001PTC109594 |
PERFECT TEN ACADEMY
PRIVATE LIMITED |
Additional director |
15/09/2011 |
15/09/2011 |
- |
Under Process of Striking
off |
NO |
|
Name : |
Mr. Rahul Kapoor |
|
Designation : |
Director |
|
Address : |
AR-309,
Araliaas Apartments, DLF Golf Link, Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
15.11.1961 |
|
Date of Appointment : |
28.06.2010 |
|
Date of Ceasing : |
19.08.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U74899DL2001PTC109594 |
PERFECT TEN ACADEMY
PRIVATE LIMITED |
Director |
09/02/2001 |
09/02/2001 |
15/09/2011 |
Under Process of Striking
off |
NO |
|
2 |
U92419DL1998PTC097377 |
STERLING SPORTS AND
LEISURE PRIVATE LIMITED |
Director |
15/07/2004 |
15/07/2004 |
- |
Active |
NO |
|
3 |
U51311DL2005PTC133313 |
FORTUNE CLOTHING PRIVATE
LIMITED |
Director |
23/02/2005 |
23/02/2005 |
15/09/2011 |
Under Process of Striking
off |
NO |
|
4 |
U80302DL2005PTC134071 |
WINNERS MANAGEMENT ACADEMY
PRIVATE LIMITED |
Director |
16/03/2005 |
16/03/2005 |
30/04/2007 |
Active |
NO |
|
5 |
U72200DL2005PTC135320 |
TUNGSTEN SOFTWARE
DEVELOPMENT PRIVATE LIMITED |
Director |
14/07/2008 |
28/04/2005 |
22/03/2011 |
Strike off |
NO |
|
6 |
U80301DL2005PTC141912 |
ACHIEVERS ACADEMY PVT LTD |
Director |
19/10/2005 |
19/10/2005 |
21/03/2011 |
Strike off |
NO |
|
7 |
U74899DL2006PTC144430 |
OPTI MED PRIVATE LIMITED |
Director |
03/01/2006 |
03/01/2006 |
13/03/2008 |
Active |
NO |
|
8 |
U55101DL2006PTC147842 |
FOUR SEASONS HOSPITALITY
PRIVATE LIMITED |
Director |
22/06/2006 |
22/06/2006 |
01/12/2008 |
Active |
NO |
|
9 |
U51909DL2004PTC128412 |
SARS MARKETING SOLUTIONS
PRIVATE LIMITED |
Director |
13/11/2007 |
13/11/2007 |
- |
Active |
NO |
|
10 |
U74140DL2008PTC176288 |
RKA Corporate Services
Private Limited |
Director |
02/04/2008 |
02/04/2008 |
- |
Active |
NO |
|
11 |
U18101DL2010PTC204905 |
INFINITE LUXURY DESIGN
PRIVATE LIMITED |
Director |
28/06/2010 |
28/06/2010 |
19/08/2010 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 06.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Manav Gangwani |
|
5000 |
|
Sahibpreet Singh |
|
5000 |
|
Anamika Kapoor |
|
5000 |
|
Total |
|
15000 |
AS ON 06.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Retailer of Garment. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Axis Bank |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajiv Prakash and Company Chartered Accountant |
|
Address : |
E-133 Greater Kailash-I, New Delhi – 110048, Delhi, India |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15000 |
Equity Shares |
Rs.10/- each |
Rs.0.150 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15000 |
Equity Shares |
Rs.10/- each |
Rs.0.150 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.150 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.150 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
2.675 |
|
|
TOTAL BORROWING |
|
|
2.675 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2.825 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.006 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.006 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.028 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.028 |
|
|
Net Current Assets |
|
|
(0.022) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
2.847 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2.825 |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
PAT / Total Income |
(%) |
|
|
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
0.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
0.21 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL RESULTS
During the year the company’s turnover is NIL as company is newly incorporated
and business has not been started yet. Net Profit/Loss after tax, for the year
ended March 31, 2011 is Nil. The Directors feel that the company will start
business operations and performance of the Company will improve in the coming
years.
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.51.15 |
|
|
1 |
Rs.81.79 |
|
Euro |
1 |
Rs.68.34 |
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.