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Report Date : |
29.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
MOMS SUPPLIES PRIVATE LIMITED |
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Registered
Office : |
Tenement No. 1/3, 1/4, Old
Anand Nagar, MHB Colony,
Santacruz East, Mumbai –
400055, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
30.03.2011 |
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Com. Reg. No.: |
11-215535 |
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Capital
Investment / Paid-up Capital : |
Rs.1.000 Million |
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CIN No.: [Company Identification
No.] |
U74900MH2011PTC215535 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Baby Products. |
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No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
- |
NB |
New Business |
- |
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Maximum Credit Limit : |
USD 3900 |
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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 relatively new company and establishing itself gradually.
Trade relations are fair. Business is active. 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 PARTED BY
|
Name : |
Mr. Niwan Patil |
|
Designation : |
Account Department |
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Contact No.: |
91-22-66250100 |
|
Date : |
28.02.2012 |
LOCATIONS
|
Registered Office : |
Tenement No. 1/3, 1/4, Old
Anand Nagar, MHB Colony,
Santacruz East, Mumbai –
400055, Maharashtra, India |
|
Tel. No.: |
91-22-66250100 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
As on 27.09.2011
|
Name : |
Mr. Sanjay Nadkarni |
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Designation : |
Director |
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Address : |
17, Deepali, St. Cyril Road, Bandra, Mumbai – 400050, Maharashtra,
India |
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Date of Birth/Age : |
13.12.1973 |
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Date of Appointment : |
30.03.2011 |
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DIN No.: |
02857433 |
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|
|
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Name : |
Mrs. Arunima Singhdeo |
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Designation : |
Director |
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Address : |
17, Deepali, St. Cyril Road, Bandra, Mumbai – 400050, Maharashtra,
India |
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Date of Birth/Age : |
10.10.1974 |
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Date of Appointment : |
30.03.2011 |
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DIN No.: |
03031353 |
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|
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Name : |
Mr. Lee Jared Fixel |
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Designation : |
Director |
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Address : |
101S Ft
Lauderdale Beach BLVD, Unit 2005 Fort Lauderdale, FL33316 |
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Date of Birth/Age : |
23.02.1980 |
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Date of Appointment : |
02.09.2011 |
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DIN No.: |
02635091 |
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|
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Name : |
Mr. Prashanth Prakash |
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Designation : |
Director |
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Address : |
113, Krishnappa Layout, Lalbagh Road Cross,
Bangalore - 560027, Karnataka, India |
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Date of Birth/Age : |
29.05.1965 |
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Date of Appointment : |
19.07.2011 |
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DIN No.: |
00041560 |
KEY EXECUTIVES
|
Name : |
Mr. Niwan Patil |
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Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2011
Equity Shares
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
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Sanjay M Nadkarni |
|
50000 |
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Arunima S. Singhdeo |
|
50000 |
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Total |
|
100000 |
Preference Shares
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
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Accel India Venture II
(Mauritius) Limited, Mauritius |
|
14141 |
|
Tiger Global Six India Holdings,
Mauritius |
|
14141 |
|
Total |
|
28282 |
As on 27.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader of Baby Products. |
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Imports : |
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Products : |
Baby Products |
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Countries : |
China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
Retailers |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
·
CITI Bank,
Mumbai. Maharashtra, India ·
DCB Bank ·
Axis Bank ·
HDFC Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
HDS and Company Chartered Accountants |
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Address : |
12/13. Laxman Niwas, Dr. Ambedkar Road, Parel, Mumbai – 400012,
Maharashtra, India |
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Tel. No.: |
91-22-24130100 / 24129929 |
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Mobile No.: |
91-9820247299 |
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Fax No.: |
91-22-24129929 |
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E-Mail : |
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PAN.: |
AAGPS8232E |
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Sister Concern : |
Nest Childcare Services Private Limited Address : Vakola, Santacruze (East), Mumbai.
Maharashtra, India |
CAPITAL STRUCTURE
After 27.09.2011
Authorised Capital : 9.080 Millions
Issued, Subscribed & Paid-up Capital : Rs.6.353 Millions
As on 27.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000 |
Equity Shares |
Rs.10/- each |
Rs.1.200 Millions |
|
78800 |
Preference Shares |
Rs.100/- each |
Rs.7.880 Millions |
|
|
Total |
|
Rs.9.080
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000
Million |
|
28282 |
Preference Shares |
Rs.100/-
each |
Rs.2.828
Million |
|
|
Total |
|
Rs.3.828 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
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SHAREHOLDERS FUNDS |
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|
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1] Share Capital |
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|
1.000 |
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2] Share Application Money |
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|
0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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(0.015) |
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NETWORTH |
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|
0.985 |
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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 |
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|
0.038 |
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TOTAL BORROWING |
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|
0.038 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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1.023 |
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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 |
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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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Inventories |
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0.000 |
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Sundry Debtors |
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0.000 |
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Cash & Bank Balances |
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0.000 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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|
1.000 |
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Total
Current Assets |
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|
1.000 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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0.000 |
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Other Current Liabilities |
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0.000 |
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Provisions |
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|
0.008 |
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Total
Current Liabilities |
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|
0.008 |
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Net Current Assets |
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|
0.992 |
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MISCELLANEOUS EXPENSES |
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|
0.031 |
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TOTAL |
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|
1.023 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
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SALES |
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Income |
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0.000 |
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Other Income |
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0.000 |
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TOTAL (A) |
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0.000 |
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Less |
EXPENSES |
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Auditors Remuneration |
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|
0.007 |
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Preliminary Expenses written off |
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0.008 |
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TOTAL (B) |
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0.015 |
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PROFIT BEFORE
TAX (E-F) (G) |
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(0.015) |
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Less |
TAX (I) |
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0.000 |
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PROFIT AFTER TAX
(G-I) (J) |
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(0.015) |
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BALANCE CARRIED
TO THE B/S |
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(0.015) |
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Earnings Per
Share (Rs.) |
|
|
(0.12) |
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Company started its activity in May 2011
The above information has been parted by Mr. Niwan Patil.
KEY RATIOS
|
PARTICULARS |
|
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|
31.03.2011 |
|
PAT / Total Income |
(%) |
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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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1.50 |
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Return on Investment (ROI) (PBT/Networth) |
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0.02 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.05 |
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Current Ratio (Current Asset/Current Liability) |
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|
125.00 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry
Creditors are not available
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
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 |
Yes |
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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 |
-- |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last two years |
No |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
No |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
No |
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16) Details of sister concerns |
Yes |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
Yes |
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21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
No |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
No |
|
28) Incorporation details, if applicable |
-- |
|
29) Last accounts filed at ROC |
-- |
|
30) Major Shareholders, if available |
-- |
Note:
The registered office has been shifted from “17
Deepali, St Cyril Road, Bandra (West), Mumbai – 400050, Maharashtra, India to
the present address w.e.f. 01.05.2011
Operations:
The company is
engaged in the business of wholesale distribution of Baby Care Products.
Further, there have been no operations in the current financial year. However,
the management is confident of doing well in the years to come.
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.49.14 |
|
|
1 |
Rs.77.86 |
|
Euro |
1 |
Rs.66.06 |
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.