|
Report Date : |
30.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
JAMES WALKER INMARCO INDUSTRIES PRIVATE LIMITED |
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Registered
Office : |
104, Gayatri Commercial Complex, Behind Mittal Industrial Estate,
Andheri-Kurla Road, Andheri (East), Mumbai – 400059, Maharashtra |
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Country : |
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|
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Financials (as
on) : |
31.03.2011 |
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|
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Date of
Incorporation : |
28.02.2011 |
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|
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Com. Reg. No.: |
11-214165 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U24233MH2011PTC214165 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ15783F |
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PAN No.: [Permanent Account No.] |
AACCJ5371Q |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing, Trading and Commission
Business Activities of Fluid Sealing Products. |
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|
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No. of Employees
: |
Not divulged by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
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 commence its commercial business
activities. 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
|
Name : |
Mr. Albert |
|
Designation : |
Market Manager |
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Contact No.: |
91-22-28509991 |
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Date : |
28.04.2012 |
LOCATIONS
|
Registered Office : |
104, Gayatri commercial Complex, Behind Mittal Industrial Estate,
Andheri-Kurla Road, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-40808080/ 28509991 |
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Fax No.: |
91-22-28506220 |
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E-Mail : |
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|
Website : |
DIRECTORS
(AS ON 20.07.2011)
|
Name : |
Mr. Chetan Rasiklal Doshi |
|
Designation : |
Director |
|
Address : |
Flat No.102, Nippon – 1, Nippon CHS Limited, Behind Kings Hotel, Juhu
Tara Road, Mumbai – 400049, Maharashtra, India |
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Date of Birth/Age : |
03.11.1968 |
|
Date of Appointment : |
28.02.2011 |
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DIN No.: |
00223199 |
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|
|
|
Name : |
Mr. Rasiklal Mansukhlal Doshi |
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Designation : |
Director |
|
Address : |
Flat No.102, Nippon – 1, Nippon CHS Limited, Behind Kings Hotel, Juhu
Tara Road, Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
14.07.1929 |
|
Date of Appointment : |
28.02.2011 |
|
DIN No.: |
00239580 |
KEY EXECUTIVES
|
Name : |
Mr. Albert |
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Designation : |
Market Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 20.07.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
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Rasiklal Mansukhlal Doshi |
|
5000 |
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Chetan Rasiklal Doshi |
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5000 |
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|
|
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Total |
|
10000 |
(AS ON 06.02.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Rasiklal M. Doshi |
|
1539678 |
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Chetan R. Doshi |
|
1344515 |
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Rama R. Doshi |
|
1446261 |
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Parul C. Doshi |
|
669546 |
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|
|
|
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Total |
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5000000 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
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|
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Directors or relatives of directors |
|
100.00 |
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|
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|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Trading and Commission
Business Activities of Fluid Sealing Products. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Not divulged by the management |
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Bankers : |
· HDFC Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
N. J. Zeveri and Company Chartered Accountant |
|
Address : |
Premise No.1, Chetan Kunj, Ground Floor, N P Thakkar Road, Vile Parle
(East), Mumbai – 400057, Maharashtra, India |
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Tel No.: |
91-22-32477726 |
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Fax No.: |
91-22-26187150 |
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Email : |
|
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PAN No.: |
AAAPZ0988J |
CAPITAL STRUCTURE
(AS ON 20.07.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5500000 |
Equity Shares |
Rs.10/- each |
Rs.55.000 Millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5010000 |
Equity Shares |
Rs.10/- each |
Rs.50.100
Millions |
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|
|
|
|
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
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 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
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1] Share Capital |
|
|
0.100 |
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2] Share Application Money |
|
|
0.000 |
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3] Reserves & Surplus |
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|
0.000 |
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4] (Accumulated Losses) |
|
|
(0.483) |
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NETWORTH |
|
|
(0.383) |
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LOAN FUNDS |
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1] Secured Loans |
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|
0.000 |
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2] Unsecured Loans |
|
|
0.459 |
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TOTAL BORROWING |
|
|
0.459 |
|
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DEFERRED TAX LIABILITIES |
|
|
0.000 |
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|
|
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TOTAL |
|
|
0.076 |
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|
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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|
0.000 |
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Capital work-in-progress |
|
|
0.000 |
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INVESTMENT |
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|
0.000 |
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DEFERREX TAX ASSETS |
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|
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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|
|
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Inventories |
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|
0.000 |
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Sundry Debtors |
|
|
0.000 |
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Cash & Bank Balances |
|
|
0.100 |
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Other Current Assets |
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|
0.000 |
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Loans & Advances |
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|
0.000 |
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Total
Current Assets |
|
|
0.100 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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|
|
|
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Sundry Creditor |
|
|
0.024 |
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Other Current Liabilities |
|
|
0.000 |
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|
Provisions |
|
|
0.000 |
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Total
Current Liabilities |
|
|
0.024 |
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Net Current Assets |
|
|
0.076 |
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MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
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TOTAL |
|
|
0.076 |
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PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
0.000 |
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Other Income |
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|
0.000 |
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|
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TOTAL |
|
|
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
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TOTAL |
|
|
0.483 |
|
|
|
|
|
|
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PROFIT BEFORE
TAX |
|
|
(0.483) |
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|
|
Less |
TAX |
|
|
0.000 |
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|
|
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|
PROFIT AFTER TAX |
|
|
(0.483) |
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|
Earnings Per
Share (Rs.) |
|
|
(48.28) |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
PAT / Total Income |
(%) |
|
|
0.00 |
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Net Profit Margin (PBT/Sales) |
(%) |
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|
0.00 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
|
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(483.00) |
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Return on Investment (ROI) (PBT/Networth) |
|
|
|
1.26 |
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|
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Debt Equity Ratio (Total Liability/Networth) |
|
|
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(1.26) |
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Current Ratio (Current Asset/Current Liability) |
|
|
|
4.17 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2011 (Rs. In Millions) |
|
|
|
|
Sundry Creditors
for Goods and Expenses |
|
|
-
ROC Filling Fees |
0.002 |
|
-
N J Zaveri and Company |
0.022 |
|
|
|
|
Total |
0.024 |
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
|
|
|
Year of Establishment |
Yes |
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Locality of the Firm |
Yes |
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Constitution of the Firm |
Yes |
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Premises details |
No |
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Type of Business |
Yes |
|
Line of Business |
Yes |
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Promoter’s Background |
Yes |
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No. of Employees |
No |
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Name of Person Contacted |
Yes |
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Designation of Contact person |
Yes |
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Turnover of Firm for last one years |
Yes |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
----- |
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Estimation for coming financial year |
No |
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Capital in the business |
Yes |
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Details of sister concerns |
No |
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Major Suppliers |
No |
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Major Customers |
No |
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Payments Terms |
No |
|
Export/ Imports Details (If applicable) |
No |
|
Market Information |
----- |
|
Litigations that the firm/ Promoters Involved in |
----- |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
----- |
|
Buyer visit details |
----- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
OPERATIONS
This is the first year of incorporation of the
company. The company has been incorporated for acquiring the Manufacturing,
Trading and commission business activities of Fluid Sealing products of Inmarco
Industries Private Limited after the Courts Order.
The company intends to then enable direct
Equity Participation from Overseas Strategic Investors in the company for
introducing different strategies for growth including technological
advancements.
Consequently in the current year, the
operations have still not begun and the business may commence in future as
envisaged. The turnover for the year is Rs. Nil. The company incurred a Net
Loss of Rs.0.482 Million due to administrative expenses and preliminary and
preoperative expenses being written off during the year.
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.52.68 |
|
|
1 |
Rs.85.12 |
|
Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
NIT |
|
|
|
|
Report Prepared
by : |
PJA |
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.