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Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
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Name : |
SIAM ENTERPRISES PRIVATE LIMITED |
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Registered
Office : |
A-2/C, 1st Floor, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
14.10.2004 |
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Com. Reg. No.: |
11-149123 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100
Million |
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CIN No.: [Company Identification
No.] |
U36910MH2004PTC149123 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS60344E MUMS45232F |
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PAN No.: [Permanent Account No.] |
AAICS4797H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Distributors of Jewellery. |
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No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
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Comments : |
We are unable to contact the company. Site visit was conducted on the
given address as well as registered office address. But there it was found that,
no office is located on both the address. The offices has been shifted to
some other place. As confirmed by the neighboring office. Therefore, no
information could be made available. Payments are unknown. Initially the subject company 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 : |
A-2/C, 1st Floor, |
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Tel. No.: |
91-22-23691180 |
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Fax No.: |
91-22-23691190 |
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E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mrs. Shankuntala Vinaykumar Kedia |
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Designation : |
Director |
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Address : |
91/A, |
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Date of Birth/Age : |
27.05.1952 |
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Date of Appointment : |
14.10.2004 |
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Din No.: |
00959949 |
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Name : |
Ms. Sapna Shhard Singhania |
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Designation : |
Director |
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Address : |
2, Bhagwan Apartments, 12, |
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Date of Birth/Age : |
02.03.1974 |
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Date of Appointment : |
14.10.2004 |
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Din No.: |
00960028 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
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Names of Shareholders |
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No. of Shares |
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Shankuntala Vinaykumar Kedia |
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5000 |
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Sapna Shhard Singhania |
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5000 |
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Total |
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10000 |
As on 30.09.2011
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Distributors of Jewellery. |
GENERAL INFORMATION
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No. of Employees : |
Information denied by the management. |
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Bankers : |
·
Standard Chartered Bank, 23-25, ·
Bank of ·
HDFC Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Nabera and Associates Chartered Accountants |
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Address : |
GR1/B, May Building, 299, |
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Tel. No.: |
91-22-22010488/22010523 |
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Pan No.: |
AABPN6830C |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
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 |
0.194 |
0.216 |
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4] (Accumulated Losses) |
(0.145) |
0.000 |
0.000 |
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NETWORTH |
(0.045) |
0.294 |
0.316 |
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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 |
10.793 |
9.694 |
10.711 |
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TOTAL BORROWING |
10.793 |
9.694 |
10.711 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
10.748 |
9.988 |
11.027 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
5.206 |
0.282 |
0.340 |
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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 |
0.027 |
0.028 |
0.025 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
|
1.772 |
1.791 |
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Sundry Debtors |
11.685
|
16.226 |
26.900 |
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Cash & Bank Balances |
0.666
|
0.498 |
0.697 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
0.317
|
5.784 |
5.874 |
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Total
Current Assets |
12.668
|
24.280 |
35.262 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
6.995
|
14.582 |
24.544 |
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Other Current Liabilities |
0.158
|
0.015 |
0.007 |
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Provisions |
0.000
|
0.005 |
0.127 |
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Total
Current Liabilities |
7.153
|
14.602 |
24.678 |
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Net Current Assets |
5.515
|
9.678 |
10.584 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.078 |
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TOTAL |
10.748 |
9.988 |
11.027 |
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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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PROFIT / (LOSS)
BEFORE TAX |
(168.070) |
(9.041) |
(402.221) |
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Less |
TAX |
171.671 |
12.493 |
(62.565) |
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PROFIT / (LOSS)
AFTER TAX |
(339.741) |
(21.534) |
(339.656) |
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Earnings /
(Loss) Per Share (Rs.) |
(33974.10) |
(2153.40) |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(940.30)
|
(36.81) |
(1129.77) |
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Return on Investment (ROI) (PBT/Networth) |
|
3734.89
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(30.75) |
(1272.85) |
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Debt Equity Ratio (Total Liability/Networth) |
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(398.80)
|
82.64 |
111.99 |
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Current Ratio (Current Asset/Current Liability) |
|
1.77
|
1.66 |
1.43 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
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Sundry Creditors |
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For Expenses |
0.473 |
0.050 |
0.074 |
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For Goods |
6.522 |
14.532 |
24.470 |
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Total |
6.995 |
14.582 |
24.544 |
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Check List by
Info Agents |
Available in
Report (Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
No |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter’s background |
Yes |
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8) No. of employees |
No |
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9) Name of person contacted |
No |
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10) Designation of contact person |
No |
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11) Turnover of firm for last three years |
No |
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12) Profitability for last three years |
Yes |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
No |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
No |
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20) Export / Import details (if applicable) |
No |
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21) Market information |
-- |
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22) Litigations that the firm / promoter involved in |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
Yes |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
Yes |
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28) Incorporation details, if applicable |
Yes |
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29) Last accounts filed at ROC |
Yes |
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30) Major Shareholders, if available |
Yes |
BANKERS CHARGES REPORT
AS PER REGISTRY
|
Corporate
identity number of the company |
U36910MH2004PTC149123 |
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Name of the
company |
SIAM ENTERPRISES
PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
538, Panchratna
CHS Limited, Mama Parmanand Marg, Opera House, Mumbai-400004, |
|
This form is for |
Creation
of charge |
|
Type of charge |
Hypothecation |
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Particular of
charge holder |
Standard Chartered Bank, 23-25, Email: reenabang@yahoo.com |
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Nature of
instrument creating charge |
Agreement of
Hypothecation of Stocks and Book Debts and Fixed Assets |
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Date of instrument
Creating the charge |
06.07.2006 |
|
Amount secured by
the charge |
Rs.40.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Import Letter of Credit
– Maximum period 90 days (sight / usance); Interest: For Post Shipment Credit
Facility – LIBOR + 75 bps to be applied on monthly rest + Handling Charges @
180 bps per annum. |
|
Description of
the property charged indicating whether it is a charged on |
·
Immovable
properties ·
Plant and machinery ·
Book debts ·
Stock in trade |
|
Particulars of
the property charged |
Stocks and Book
Debts and all the assets comprising of existing plant and machinery, both
Present and future. |
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.51.50 |
|
|
1 |
Rs.81.99 |
|
Euro |
1 |
Rs.67.54 |
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.