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Report Date : |
07.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
CHAWLA ALUMINIUM INDUSTRIES PRIVATE LIMITED |
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Registered
Office : |
5/50, Tardeo Air Conditioned Market, |
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Country : |
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Financials (as
on) : |
31.03.1999 |
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Date of
Incorporation : |
21.09.1982 |
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Com. Reg. No.: |
11-028261 |
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Capital
Investment/ Paid-up Capital: |
0.100 Million (as on 24.09.2004) |
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CIN No.: [Company Identification
No.] |
U27203MH1982PTC028261 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Aluminium Castings, Aluminium Billets and Bars. |
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No. of
Employees: |
Information denied by management
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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 : |
Strike off |
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Payment Behaviour : |
Unknown |
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Litigation : |
- |
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Comments : |
As per Government, the company status is shown as strike off as
confirmed by Mr. Ajit Singh Chawla director the company has been closed down. Our Executive had also conducted site visit there they found that the
office being given on rent to others. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED BY
|
Name : |
Mr. Ajit Singh Chawla |
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Designation : |
Director |
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Contact No.: |
91-9819408409 |
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Date : |
03.08.2012 |
LOCATIONS
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Registered Office : |
5/50, Tardeo Air Conditioned Market, |
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Tel. No.: |
91-22-22013600 |
DIRECTORS
As on 24.09.2004
|
Name : |
Mr. Ajitsingh H. Chawla |
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Designation : |
Director |
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Address : |
25, Rajat Apartments, |
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Date of Birth/Age : |
25.02.1935 |
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Date of Appointment : |
21.09.1982 |
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Name : |
Mrs. Amarjit A. Chawla |
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Designation : |
Director |
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Address : |
25, Rajat Apartments, |
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Date of Birth/Age : |
25.01.1938 |
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Name : |
Ms. Anita R. Talpade |
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Designation : |
Director |
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Address : |
3/26, Samrudhi, Dadar (west), Mumbai – 400028, |
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Date of Birth/Age : |
06.07.1962 |
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Date of Appointment : |
21.09.1982 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.09.2004
|
Names of Shareholders |
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No. of Shares |
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Ms. Anita R. Talpade |
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100 |
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Mrs. Amarjit A. Chawla |
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500 |
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Mr. Ajitsingh H. Chawla |
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400 |
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Total |
|
1000 |
As on 24.09.2004
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Category |
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Percentage |
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Directors or relatives of directors |
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100.00 |
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Total
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|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Aluminium Castings, Aluminium Billets and Bars. |
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GENERAL INFORMATION
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No. of Employees : |
Information denied by the management |
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Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Makhija and Associates Chartered Accountant |
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Address : |
204, Rewa Chambers, 31, New Marine Lines, Mumbai – 400020, |
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Tel. No.: |
91-22-2017431 / 2012313 / 2013600 |
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Fax No.: |
91-22-2092545 |
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CAPITAL STRUCTURE
As on 24.09.2004
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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5000 |
Equity Shares |
Rs.100/- each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
1000 |
Equity Shares |
Rs.100/-
each |
Rs.0.100
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.1999 |
31.03.1998 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.030 |
0.030 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.000 |
0.000 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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0.030 |
0.030 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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0.015 |
0.015 |
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TOTAL BORROWING |
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0.015 |
0.015 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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0.045 |
0.045 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.000 |
0.000 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
0.000 |
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Sundry Debtors |
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0.000 |
0.000 |
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Cash & Bank Balances |
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0.018 |
0.019 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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0.000 |
0.000 |
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Total
Current Assets |
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0.018 |
0.019 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.000 |
0.000 |
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Provisions |
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0.001 |
0.001 |
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Total
Current Liabilities |
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0.001 |
0.001 |
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Net Current Assets |
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0.017 |
0.018 |
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MISCELLANEOUS EXPENSES |
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0.028 |
0.027 |
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TOTAL |
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0.045 |
0.045 |
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KEY RATIOS
|
PARTICULARS |
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|
31.03.1999 |
31.03.1998 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.53 |
0.53 |
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Current Ratio (Current Asset/Current Liability) |
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18.00 |
19.00 |
LOCAL AGENCY FURTHER INFORMATION
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Available
in Report [Yes/No] |
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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 |
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Line
of Business |
Yes |
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Promoters
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 three years |
No |
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Profitability
for last three years |
No |
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Reasons
for variation <> 20% |
- |
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Estimation
for coming financial year |
No |
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Capital
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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Payment
Terms |
No |
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Export
/ Import Details [If Applicable] |
No |
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Market
Information |
- |
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Litigations
that the firm / promoter involved in |
- |
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Banking
Details |
Yes |
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Banking
Facility Details |
No |
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Conduct
of the banking account |
- |
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Buyer
visit details |
- |
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Financials,
if provided |
Yes |
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Incorporation
details, if applicable |
Yes |
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Last
accounts filed at ROC |
No |
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Major
Shareholders, if applicable |
Yes |
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Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
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PAN
of Proprietor/Partner/Director, if available |
No |
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Voter
ID No of Proprietor/Partner/Director, if available |
No |
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External Agency
Rating, if available |
No |
OPERATIONS:
The company has not commenced its business activities. No Profit and Loss
account has been compiled for the year under report and all the expenses being
pre-operative in nature, have been carried forward to the next financial 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 records 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.55.47 |
|
|
1 |
Rs.86.61 |
|
Euro |
1 |
Rs.68.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
BYI |
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.