MIRA INFORM REPORT
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Report Date : |
09.01.2012 |
IDENTIFICATION DETAILS
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Name : |
MSS AGRO PRIVATE LIMITED |
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Registered
Office : |
3/161, Vivek Khand, Gomti Nagar, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
02.12.2010 |
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Com. Reg. No.: |
20-042709 |
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Capital
Investment / Paid-up Capital : |
Rs.0.400
million |
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CIN No.: [Company Identification
No.] |
U74120UP2010PTC042709 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
LKNM07262D |
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PAN No.: [Permanent Account No.] |
AAGCM8695L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Die Vegetable. |
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No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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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. The company will start its business activities from 30th
January, 2012. 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.
ECGC Country Risk Classification List – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Sachin Singh |
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Designation : |
Director |
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Contact No.: |
91-7607804956 |
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Date : |
07.01.2012 |
LOCATIONS
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Registered Office : |
3/161, Vivek Khand, Gomti Nagar, |
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Tel. No.: |
91-522-2398620 |
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Mobile No.: |
91-7607804956 (Mr. Sachin) |
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Fax No.: |
Not Available |
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E-Mail : |
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Location : |
Owned |
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Factory : |
Plot No.B-12,
UPSIDC, Agro Park-II, |
DIRECTORS
As on 30.09.2011
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Name : |
Mrs. Madhu Singh |
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Designation : |
Director |
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Address : |
3/161, Vivek Khand, Gomti Nagar, |
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Date of Birth/Age : |
06.06.1952 |
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Date of Appointment : |
02.12.2010 |
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DIN No.: |
00853989 |
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Other Directorship :
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Name : |
Mr. Sachin Majboor Singh |
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Designation : |
Director |
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Address : |
3/161, Vivek Khand, Gomti Nagar, |
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Date of Birth/Age : |
13.04.1980 |
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Date of Appointment : |
02.12.2010 |
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DIN No.: |
03323909 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
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Names of Shareholders |
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No. of Shares |
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Sachin Singh |
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20400 |
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Madhu Singh |
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19600 |
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Total |
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40000 |
As on 28.11.2011
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Names of Allottees |
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No. of Shares |
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Madhu Singh |
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800000 |
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Total |
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800000 |
As on 30.09.2011
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Die Vegetable. |
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GENERAL INFORMATION
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No. of Employees : |
30 (Approximately) |
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Bankers : |
v
HDFC Bank, Gomti Nagar Branch v Small Industries
Development Bank of |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mradul Agarwal and Associates ] Chartered Accountants |
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Address : |
204, II Floor, |
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Tel. No.: |
91-522-2288899 (O) 91-522-2206600 (R) |
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Fax No.: |
91-522-2288899 |
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E-Mail: |
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Income-tax
PAN of auditor or auditor's firm : |
AAEFM5858N |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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850000 |
Equity Shares |
Rs.10/- each |
Rs.8.500 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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840000 |
Equity Shares |
Rs.10/- each |
Rs.8.400
millions |
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As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
40000 |
Equity Shares |
Rs.10/- each |
Rs.0.400
million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2011 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.400 |
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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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0.000 |
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NETWORTH |
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0.400 |
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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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|
1.354 |
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TOTAL BORROWING |
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1.354 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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1.754 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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1.442 |
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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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DEFERRED 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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1.578 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.039 |
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Total
Current Assets |
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1.617 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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1.361 |
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Other Current Liabilities & Provisions |
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|
0.005 |
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Total
Current Liabilities |
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1.366 |
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Net Current Assets |
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0.251 |
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MISCELLANEOUS EXPENSES |
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0.061 |
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TOTAL |
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1.754 |
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KEY RATIOS
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PARTICULARS |
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31.03.2011 |
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Debt Equity Ratio (Total Liability/Networth) |
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6.80 |
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Current Ratio (Current Asset/Current Liability) |
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1.18 |
LOCAL AGENCY FURTHER INFORMATION
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Check List by Info Agents |
Available in Report (Yes / No) |
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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 three years |
-- |
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12) Profitability
for last three years |
-- |
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13) Reasons for
variation <> 20% |
-- |
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14) Estimation
for coming financial year |
-- |
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15) Capital in
the business |
Yes |
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16) Details of
sister concerns |
-- |
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17) Major
suppliers |
No |
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18) Major customers |
No |
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19) Payments
terms |
-- |
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20) Export /
Import details (if applicable) |
-- |
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21) Market
information |
-- |
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22) Litigations
that the firm / promoter involved in |
-- |
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23) Banking
Details |
Yes |
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24) Banking
facility details |
-- |
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25) Conduct of
the banking account |
-- |
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26) Buyer visit
details |
-- |
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27) Financials,
if provided |
No |
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28) Incorporation
details, if applicable |
-- |
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29) Last accounts
filed at ROC |
-- |
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30) Major
Shareholders, if available |
-- |
FINANCIAL RESULTS:
Since the company was incorporated on 2nd December, 2010,
financial statements are prepared from 2nd December, 2010 to 31st
March, 2011 and no revenue income and revenue expenditure were made during the
period.
FORM 8:
|
Corporate
identity number of the company |
U74120UP2010PTC042709 |
|
Name of the
company |
MSS AGRO PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
3/161, Vivek Khand, Gomti Nagar, E-Mail: mka_gungun@yahoo.co.in |
|
This form is for |
Creation of
charge |
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Type of charge |
Immovable
Property Book Debts Movable Property Floating Charge |
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Particular of
charge holder |
Small Industries
Development Bank of E-Mail: rajkumar@sidbi.in |
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Nature of description
of the instrument creating or modifying the charge |
Term Loan of
Rs.16.000 millions as per Letter of Intent and Loan Agreement |
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Date of
instrument Creating the charge |
22.12.2011 |
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Amount secured by
the charge |
Rs.16.000
millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest:
13.25% Terms of
Repayment: the loan repaid in 71 EMI of Rs.0.222 million and last 72
installment of Rs.0.238 million starting after 12 month from date of first
disbursement Margin: As per
loan document Extent and
Operation of the charge: As per agreement |
|
Short particulars
of the property charged |
Plot No.B-12,
UPSIDC, Agro Park-II, |
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.52.78 |
|
|
1 |
Rs.81.79 |
|
Euro |
1 |
Rs.67.46 |
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.