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Report Date : |
20.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
PRAKRIYA CONSTRUCTIONS PRIVATE LIMITED |
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Registered
Office : |
Flat No.304, Potuluri Residency, kanuru Road, |
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Country : |
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Financials (as
on) : |
31.03.2007 |
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Date of
Incorporation : |
01.06.2005 |
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Com. Reg. No.: |
01-046396 |
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Capital
Investment/ Paid-up Capital: |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U70102AP2005PTC046396 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Construction Activity |
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No. of
Employees: |
Not available |
RATING & COMMENTS
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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 : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
- |
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Comments : |
Subject is a company incorporated in the year 2005. The management
have failed to file the financial details with government department since
2007 Site visit was conducted on the given address. No one was found available
in the premises. It seems that subject have sold its space and shifted to No other details can be made available. Payment terms are unknown. Initially, the company can be
considered for business dealings only 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
|
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 : |
Flat No.304, Potuluri Residency, kanuru Road, |
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Tel. No.: |
91-866-2581369 |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
As on 28.09.2007
|
Name : |
P. Krishna Mohan |
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Designation : |
Managing Director |
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Address : |
H.No. 4-200/104/A, |
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Date of Birth/Age : |
13.06.1975 |
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Date of Appointment : |
01.06.2005 |
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Name : |
P. Vijaya Sankar |
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Designation : |
Managing Director |
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Address : |
Flat No. -2, Vahini Apartments, Gayatri Nagar, Vijaywada -– 520008,
Krishna District, |
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Date of Birth/Age : |
23.05.1963 |
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Date of Appointment : |
01.06.2005 |
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Name : |
P. Prathima |
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Designation : |
Director |
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Address : |
H.No. 4-200/104/A, |
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Date of Birth/Age : |
08.11.1977 |
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Date of Appointment : |
01.06.2005 |
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Name : |
P. Srinivas |
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Designation : |
Director |
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Address : |
7-94/A Falt No-2004, kanuru Vijaywada - 520007 Krishna District, |
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Date of Birth/Age : |
02.08.1964 |
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Date of Appointment : |
01.06.2005 |
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Name : |
N.Sobha Mani Kanth |
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Designation : |
Director |
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Address : |
2-45, Kanuru Penumaluru Mandal,
Vijaywada - 520007 Krishna District, |
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Date of Birth/Age : |
03.06.1984 |
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Date of Appointment : |
01.06.2005 |
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Name : |
G. Ramesh Babu |
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Designation : |
Director |
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Address : |
Door No -10, Sri Sai Ram Nilayam, 1st Floor, Lakshimi Pathi
Nagar, Vijaywada - 520007 Krishna District, |
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Date of Birth/Age : |
10.06.1959 |
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Date of Appointment : |
01.06.2005 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2007
|
Names of Shareholders |
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No. of Shares |
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P. Krishna Mohan |
|
7500 |
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P. Vijay Sankar |
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2500 |
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Total |
|
10000 |
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As on 28.09.2007
|
Category |
|
Percentage |
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Directors or relatives of directors |
|
100.00 |
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Total
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|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Construction Activity |
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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 : |
·
Andhra Bank ·
HDFC Bank ·
Syndicate Bank, Labbipet |
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Facilities : |
Rs.
In Millions
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Kilaru Krishna Prasad Chartered Accountant |
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Address : |
Flat No. 1-1, Dhruvatara Apartments, House No -60-3-252/D/13,
Somajiguda, |
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Pan No.: |
AEOPK0825M |
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CAPITAL STRUCTURE
As on 31.03.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Share |
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 |
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|
10000 |
Equity Share |
Rs.10/- each |
Rs.0.100
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2007 |
31.03.2006 |
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|
SHAREHOLDERS FUNDS |
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1] Share Capital |
|
0.100 |
0.100 |
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2] Share Application Money |
|
15.054 |
6.589 |
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3] Reserves & Surplus |
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0.425 |
0.144 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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15.579 |
6.833 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
|
1.000 |
0.000 |
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TOTAL BORROWING |
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1.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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16.579 |
6.833 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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7.607 |
0.000 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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17.500 |
7.646 |
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Sundry Debtors |
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0.000 |
0.000 |
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Cash & Bank Balances |
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2.734 |
1.211 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
|
4.189 |
0.250 |
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Total
Current Assets |
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24.423 |
9.107 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditor |
|
0.338 |
0.000 |
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Other Current Liabilities |
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14.951 |
2.203 |
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Provisions |
|
0.192 |
0.101 |
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Total
Current Liabilities |
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15.481 |
2.304 |
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Net Current Assets |
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8.942 |
6.803 |
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MISCELLANEOUS EXPENSES |
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0.030 |
0.030 |
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TOTAL |
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16.579 |
6.833 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
|
31.03.2007 |
31.03.2006 |
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Total Income |
|
22.651 |
12.918 |
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EXPENSES |
|
22.206 |
12.687 |
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PROFIT BEFORE
TAX |
|
0.445 |
0.231 |
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TAX |
|
0.163 |
0.087 |
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PROFIT AFTER TAX
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0.282 |
0.144 |
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Earnings Per
Share (Rs.) |
|
0.28 |
0.068 |
KEY RATIOS
|
PARTICULARS |
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|
31.03.2007 |
31.03.2006 |
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PAT / Total Income |
(%) |
|
1.25 |
1.11 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
|
1.38 |
2.54 |
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Return on Investment (ROI) (PBT/Networth) |
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|
0.03 |
0.03 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.99 |
0.34 |
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Current Ratio (Current Asset/Current Liability) |
|
|
1.58 |
3.95 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
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Locality
of the Firm |
Yes |
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Constitution
of the firm |
Yes |
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Premises
details |
No |
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Type
of Business |
Yes |
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Line
of Business |
Yes |
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Promoters
background |
No |
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No.
of Employees |
No |
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Name
of Person Contacted |
No |
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Designation
of contact person |
No |
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Turnover
of firm for last two years |
Yes |
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Profitability
for last two years |
Yes |
|
Reasons
for variation <> 20% |
- |
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Estimation
for coming financial year |
- |
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Capital
the business |
Yes |
|
Details
of sister concerns |
No |
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Major
Suppliers |
No |
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Major
Customers |
No |
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Payment
Terms |
No |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
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Banking
Details |
No |
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Banking
Facility Details |
No |
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Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
No |
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Incorporation
details, if applicable |
Yes |
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Last
accounts filed at ROC |
No |
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Major
Shareholders, if applicable |
Yes |
FINANCIAL RESULTS AND OPERATIONS
This is the Second year of operation for the company. The first venture
is taken up in a small way to develop and sell plots. The performance is
satisfactory for current year having started construction activity to construct
30 flats in 5 floors in 3 blocks. The construction work isin progress and
hopeful improve the performance in the current year.
FIXED ASSETS:
·
Computer and Accessories
·
Office Equipment
·
Furniture and
Fixtures
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.55.34 |
|
|
1 |
Rs.86.55 |
|
Euro |
1 |
Rs.67.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
BYI |
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.