MIRA
INFORM REPORT
|
Report Date : |
05.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
RAJIKA TEXXTILE PRIVATE LIMITED |
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Registered
Office : |
At Post Khede, Mukkam – Sutrepada, Taluka Dhule - 424302, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
09.05.2006 |
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Com. Reg. No.: |
11-161695 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 million |
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CIN No.: [Company Identification
No.] |
U17111MH2006PTC161695 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Fabrics. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
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 : |
Yet to commerce business activity |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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Comments : |
Though the company was incorporated in the year 2006. But they have
not carried their business activity. As conform with Mr. Vijay (Export
Manager) the company will start their business activity from September 2012.
Payments are unknown. The company can be considered for 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) |
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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 |
LOCATIONS
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Registered Office : |
At Post Khede, Mukkam – Sutrepada, Taluka Dhule - 424302, Maharashtra,
India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9769111237 (Mr. Vijay) |
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Fax No.: |
Not Available |
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E-Mail : |
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Branch Office : |
Shivsagar Dr Annie, Worli, Mumbai, India |
DIRECTORS
As on 18.08.2011
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Name : |
Mrs. Kalpana Pramod Shinde |
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Designation : |
Director |
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Address : |
82, Ramnagarwadi, Bhokar Road Deopur, Deopur, Dhule - 424002, Maharashtra, India |
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Date of Birth/Age : |
01.06.1967 |
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Date of Appointment : |
09.05.2006 |
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DIN No.: |
01437672 |
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Name : |
Mrs. Ratna Suresh Patil |
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Designation : |
Director |
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Address : |
82, Ramnagarwadi, Bhokar Road Deopur, Deopur, Dhule - 424002, Maharashtra, India |
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Date of Birth/Age : |
05.07.1968 |
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Date of Appointment : |
09.05.2006 |
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DIN No.: |
01533725 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 18.08.2011
|
Names of Shareholders |
|
No. of Shares |
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Kalpana Pramod Shinde |
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5000 |
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Ratna Suresh Patil |
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5000 |
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Total
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|
10000 |
List of Allottees (As on 17.05.2012)
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Names of Allottees |
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No. of Shares |
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Kalpana Pramod Shinde |
|
120000 |
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Ratna Suresh Patil |
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120000 |
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Total |
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240000 |
As on 18.08.2011
Equity Share Break up (Percentage of Total Equity)
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Fabrics |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
·
State Bank of India, SME Branch, Shivsagar Estate,
Dr. Annie Basant Road, Worli (South), Mumbai - 400018, Maharashtra, India ·
Axis Bank Limited, Royal Accord IV, Lokhandwala
Circle, Andheri (West), Mumbai - 400053, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
N. Ambawat and Associates Chartered Accountant |
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Address : |
Office No. 30, 2nd Floor, 132-C, Bhagatwadi, Bhuleshwar,
Mumbai – 400002, Maharashtra, India |
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Tel. No.: |
91-22-65791224/ 66154195 |
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Mobile No.: |
91-9324725156 91-9323450396 |
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PAN.: |
AABPA9113F |
CAPITAL STRUCTURE
After 18.08.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 million |
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As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.542 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
0.642 |
0.100 |
0.100 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
0.642 |
0.100 |
0.100 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.000 |
0.000 |
0.000 |
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Capital work-in-progress |
0.044 |
0.044 |
0.044 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000 |
0.000 |
0.000 |
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Sundry Debtors |
0.000 |
0.000 |
0.000 |
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Cash & Bank Balances |
0.071
|
0.028 |
0.047 |
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Other Current Assets |
0.000 |
0.000 |
0.000 |
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Loans & Advances |
0.400
|
0.000 |
0.000 |
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Total
Current Assets |
0.471
|
0.028 |
0.047 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
0.000
|
0.068 |
0.056 |
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Other Current Liabilities |
0.000
|
0.000 |
0.000 |
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Provisions |
0.008
|
0.008 |
0.005 |
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Total
Current Liabilities |
0.008
|
0.076 |
0.061 |
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Net Current Assets |
0.463
|
(0.048) |
(0.014) |
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MISCELLANEOUS EXPENSES |
0.013 |
0.013 |
0.070 |
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Statement of Pre – Operative Expenses |
0.121 |
0.091 |
0.000 |
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TOTAL |
0.642 |
0.100 |
0.100 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
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Other Income |
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TOTAL |
0.000 |
0.000 |
0.000 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
0.000 |
0.000 |
0.000 |
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PROFIT BEFORE
TAX (E-F) |
0.000 |
0.000 |
0.000 |
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Less |
TAX |
0.000 |
0.000 |
0.000 |
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PROFIT AFTER TAX
(G-I) |
0.000 |
0.000 |
0.000 |
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Earnings Per
Share (Rs.) |
0.000 |
0.000 |
0.000 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.000 |
0.000 |
0.000 |
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Net Profit Margin (PBT/Sales) |
(%) |
0.000 |
0.000 |
0.000 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
0.000 |
0.000 |
0.000 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.000 |
0.000 |
0.000 |
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Debt Equity Ratio (Total Liability/Networth) |
|
0.001
|
0.76 |
0.61 |
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Current Ratio (Current Asset/Current Liability) |
|
58.88
|
0.36 |
0.77 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
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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 |
Yes |
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8) No. of employees |
No |
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9) Name of person contacted |
No |
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10) Designation of contact person |
No |
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11) Turnover of firm for last three years |
Yes |
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12) Profitability for last three years |
Yes |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
No |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
No |
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20) Export / Import details (if applicable) |
No |
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21) Market information |
-- |
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22) Litigations that the firm / promoter |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
No |
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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 |
Yes |
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28) Incorporation details, if applicable |
Yes |
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29) Last accounts filed at ROC |
Yes |
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30) Major Shareholders, if available |
Yes |
NOTE:
The Registered Office of the company has been shifted from 27 Ramnagar Wad,
Bhakar Road Deopur, - 424002, Maharashtra, India to the present address
w.e.f.29.11.2008
BUSINESS ACTIVITY:
The company has not carried on any commercial activities during the
year. The management is hopeful to commence commercial activities very soon and
waiting for future opportunities.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U17111MH2006PTC161695 |
|
Name of the
company |
RAJIKA TEXXTILE
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
At Post Khede, Mukkam – Sutrepada, Taluka Dhule - 424302, Maharashtra |
|
This form is for |
Creation of charge |
|
Type of charge |
· Book debts · Movable property (not being pledge) |
|
Particular of
charge holder |
State Bank of India, Sme Branch, Shivsagar Estate, Dr. Annie Basant
Road, Worli (South), Mumbai - 400018, Maharashtra, India |
|
Nature of
instrument creating charge |
Agreement Of
Loan-Cum-Hypothecation (Sme-2) |
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Date of
instrument Creating the charge |
14.05.2012 |
|
Amount secured by
the charge |
Rs.7.400 millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 3.25% above Base Rate + 1.00% (term premium) which is presently 10% p. a. rising or falling therewith on daily products with monthly rests. present effective rate 14.25% p. a. Terms of Repayment Term Loan Repayment Margin Term Loan/DPG :
25% Extent and Operation of the charge Term Loan :
RS.7.400 millions Others N. A. |
|
Short particulars
of the property charged |
Hypothecation of
looms, two for one machine and other movable assets acquired out of bank
finance. |
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.54.55 |
|
|
1 |
Rs.85.48 |
|
Euro |
1 |
Rs.68.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPK |
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.