MIRA INFORM REPORT

 

 

Report Date :

07.01.2011

 

IDENTIFICATION DETAILS

 

Name :

MAGNAM NETLINK PRIVATE LIMITED

 

 

Registered Office :

202, Saachi Residency-II, 6, Shrji Society, Near Manisha Chowkdi, Old Padra Road, Vadodara-390015, Gujarat

 

 

Country :

India

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

03.05.2010

 

 

Com. Reg. No.:

04-060521

 

 

Capital Investment / Paid-up Capital :

Rs. 0.100 Million

 

 

CIN No.:

[Company Identification No.]

U52390GJ2010PTC060521

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

BRDM03974F

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Proving Consulting Services of Food Processing Machinery

 

 

No. of Employees :

8 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (32)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 5000

 

 

Status :

New Company

 

 

Payment Behaviour :

Slow But Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a relatively new company establishing itself gradually. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct.

 

The company can be considered for small business dealings at usual 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.

 

 

ECGC Country Risk Classification List – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

INFORMATION PARTED BY

 

Name :

Mr. A K Bhattacharya

Designation :

Director

Contact No.:

91-9824059803

Date :

05.01.2011

 

 

LOCATIONS

 

Registered Office :

202, Saachi Residency-II, 6, Shrji Society, Near Manisha Chowkdi, Old Padra Road, Vadodara-390015, Gujarat, India 

Tel. No.:

91-265-2340357

Mobile No.:

91-9824059803 (Mr. A K Bhattacharya)

Fax No.:

Not Available

E-Mail :

akbhattacharya@magnamin.com

Location :

Leased

 

 

Operating Office :

No. 303, Earth Complex, Tower No.11, Near Akshar Chowk, Munjmahuda, Behind Yamaha Showroom, Vadodara-390020, Gujarat, India

Location :

Leased

 

 

DIRECTORS

 

AS ON 30.09.2011

 

Name :

Mr. Abha Mahesh Chandra Agarwal

Designation :

Director

Address :

B-9, NDDB Campus, Anand-388001, Gujarat, India

Date of Appointment :

03.05.2010

DIN No.:

02944252

 

 

Name :

Mr. Mihir Agarwal

Designation :

Additional Director

Address :

2871, Building 28, Kohinoor City, Phase III, Kurla (West), Mumbai-400070, Maharashtra, India

Date of Appointment :

30.12.2010

DIN No.:

03334846

 

 

Name :

Mr. Asimkumar Bhattacharya

Designation :

Additional Director

Address :

D-30, Annapurna Society, Anandvan Complex, Behind Angan Tower, Pratapnagar, Vadodara-390004, Gujarat, India

Date of Appointment :

30.12.2010

DIN No.:

03338794

 

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2011

 

Names of Shareholders

No. of Shares

Mahesh Chandra

4900

Abha Mahesh Agarwal

4900

Asim Kumar Bhattacharya

100

Mihir Agarwal

100

Total

10000

 

AS ON 30.09.2011

 

Equity Shares Break Up

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Proving Consulting Services of Food Processing Machinery

 

 

Imports :

 

Products :

Food Processing Machinery

Countries :

Italy

 

 

Terms :

 

Selling :

Cash, Credit

 

 

Purchasing :

Cash, Credit

 

 

GENERAL INFORMATION

 

Customers :

Retailers and End Users

 

 

No. of Employees :

8 (Approximately)

 

 

Bankers :

Axis bank, Vadodara, Gujarat, India

 

 

Facilities :

Unsecured Loan

 

Rs. In Millions

31.03.2011

From Directors

 

A K Bhattacharya

0.005

 

 

Total

0.005

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

H. Thakore and Company

Chartered Accountant

Address :

A-102, Mangalmurti Apratments, Behind New Alka Restaurant, R. C. Dutt Road, Alkapuri, Vadodara-390005, Gujarat, India

Mobile No.:

91-9825491180

E-Mail :

ca.hirday@yahoo.co.in

Pan No.:

ACJPT7705J

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2011

 

Authorised Capital :

 

No. of Shares

Type

Value

Amount

 

 

 

 

1000

Equity Shares

Rs.100/- each

Rs. 0.100 Million

 

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

 

No. of Shares

Type

Value

Amount

 

 

 

 

1000

Equity Shares

Rs.100/- each

Rs. 0.100 Million

 

 

 

 

 

 

AS ON 30.09.2011

 

Authorised Capital :

 

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

Rs.10/- each

Rs. 0.100 Million

 

 

 

 

 

 

Issued Share Capital:

 

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

Rs.10/- each

Rs. 0.100 Million

 

 

 

 

 

 

Subscribed Share Capital :

 

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

Rs.10/- each

Rs. 0.100 Million

 

 

 

 

 

 

Paid-up Share 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

 

 

 

1] Share Capital

 

 

0.100

2] Share Application Money

 

 

0.000

3] Reserves & Surplus

 

 

1.342

4] (Accumulated Losses)

 

 

0.000

NETWORTH

 

 

1.442

LOAN FUNDS

 

 

 

1] Secured Loans

 

 

0.000

2] Unsecured Loans

 

 

0.005

TOTAL BORROWING

 

 

0.005

DEFERRED TAX LIABILITIES

 

 

0.010

 

 

 

 

TOTAL

 

 

1.457

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

 

0.125

Capital work-in-progress

 

 

0.000

 

 

 

 

INVESTMENT

 

 

0.000

DEFERREX TAX ASSETS

 

 

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories

 

 

0.000

 

Sundry Debtors

 

 

0.000

 

Cash & Bank Balances