|
Report Date : |
20.12.2012 |
Note: Correct name of the company “RAPID NUTRITION
PRIVATE LIMITED”
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
No Trace |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
-- |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
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.
GENERAL OBSERVATIONS
Subject is a new company. Site visit was done at the. Our executive
could not trace the subject at the given address. We found other two firms by
the name, ‘Bacto-Chem Laboratories’ and ‘Cheminova Remedies’.
Mr. Vasudeva Rao, Managing Director of ‘Cheminova Remedies’ has
confirmed that the subject is a fraud firm and has cheated both the firms
mentioned above.
He has provided us the manes of associated people with the subject.
No other details could be made available.
The subject can be considered for business dealings only on a safe and
fully secured trade terms and conditions.
Note: Names of the associated persons
1. Mr. Vaidyanathan M. Nateshan
2. Mrs. Gayatri Vaidyanathan
3. Mr. Amit Srivatsava – Director
4. Mr. Ledger Andrew Simon – Director
Note :
Kindly provide us with additional information such as Correct Name, Address, Contact Details, Name of Contact Person or a copy of the Upper Part of Letterhead within 15 days of receiving this report, a would be sent without any additional cost.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
No |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
No |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
No |
|
6] |
Line of Business |
No |
|
7] |
Promoter's background |
No |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
No |
|
12] |
Profitability for last three years |
No |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
Yes |
|
27] |
Financials, if provided |
No |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
|
OBSERVATION
POINT |
|
|
Company Name : |
RAPID NUTRITION PRIVATE LIMITED |
|
Address : |
Plot No.15, IDA, Balanagar, Hyderabad – 500037, Andhra Pradesh, India |
|
Tel No.: |
91-40-44336336 |
|
Name Board : |
Not Sighted |
|
Location : |
Easy |
|
Locality : |
Factory |
|
Visiting Card provided as proof of Visit: |
Yes |
IDENTIFICATION DETAILS
|
Name : |
RAPID NUTRITION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.15, IDA, Balanagar, Hyderabad – 500037, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Date of
Incorporation : |
08.12.2011 |
|
|
|
|
Com. Reg. No.: |
077895 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24232AP2011FTC077895 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Research, Development and Production of Life Science Products. |
|
|
|
|
No. of Employees
: |
Not Available |
LOCATIONS
|
Registered Office : |
Plot No.15, IDA, Balanagar, Hyderabad – 500037, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23073184 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
|
Name : |
Mr. Amit Srivastava |
|
Designation : |
Director |
|
Address : |
E-208, G. K. Part – 2, New Delhi – 110048, India |
|
Date of Birth/Age : |
29.09.1973 |
|
Date of Appointment : |
11.10.2012 |
|
DIN No.: |
06399061 |
|
|
|
|
Name : |
ST Ledger Andrew Simon |
|
Designation : |
Director |
|
Address : |
5 Zeeman Street, Rochedale Australia 4123 |
|
Date of Birth/Age : |
18.04.1973 |
|
Date of Appointment : |
19.03.2012 |
|
DIN No.: |
05230550 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
NOT AVAILABLE
BUSINESS DETAILS
|
Line of Business : |
Research, Development and Production of Life Science Products. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
|
|
|
|
Group Companies : |
· Rapid Nutrition Plc · Rapid Nutrition Pty Limited · Rapid Nutrition Asia Limited |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 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]
NEW COMPANY
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.