MIRA
INFORM REPORT
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Report Date : |
16.06.2012 |
IDENTIFICATION DETAILS
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Name : |
MULTIFLEX PACKAGINGS PRIVATE LIMITED |
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Registered
Office : |
No.3, |
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Country : |
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Financials (as
on) : |
31.03.2004 |
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Date of
Incorporation : |
31.05.2002 |
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Com. Reg. No.: |
18-049022 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U21014TN2002PTC049022 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Sub-contractors, Exporter and Importer of Multi-colour printed
flexible, laminated packing, material with lamination of one or more layers
in the form of rolls, pouches, sachets, films. |
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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 : |
Strike Off |
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Payment Behaviour : |
--- |
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Litigation : |
-- |
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Comments : |
We tried to contact the company but no one responded. As per the ROC
the company has strike off. The management of the company has failed to file
its financials after the year 2004 with the government departments. The company cannot be considered for business dealings. |
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 DECLINED BY
Management non co-operative
LOCATIONS
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Registered Office : |
No.3, |
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Tel. No.: |
91-444-26427231 / 42080117 |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
AS ON 30.09.2004
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Name : |
Mr. Arun Sivaindu |
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Designation : |
Director |
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Address : |
No.3, |
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Date of Birth/Age : |
15.04.1971 |
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Date of Appointment : |
31.05.2002 |
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Name : |
Mr. Remani Narayan Menon |
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Designation : |
Director |
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Address : |
No.2, |
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Date of Birth/Age : |
21.07.1932 |
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Date of Appointment : |
31.05.2002 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2004
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Names of Shareholders |
No. of Shares |
|
Arun Sivaindu |
5000 |
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Remani Narayan Menon |
5000 |
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TOTAL |
10000 |
AS ON 30.09.2004
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Equity Shares
Break Up |
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, Sub-contractors, Exporter and Importer of Multi-colour
printed flexible, laminated packing, material with lamination of one or more
layers in the form of rolls, pouches, sachets, films. |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
·
Canara Bank, SPL, SSI Branch, Ambattur 3, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Annamalai Associates Chartered Accountant |
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Address : |
10, Nagarjuna Nagar, |
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Tel. No.: |
91-44-24832498 / 24831511 |
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E-Mail : |
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Pan No.: |
AAAFA5252C |
CAPITAL STRUCTURE
AS ON 31.03.2004
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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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 |
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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 |
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31.03.2004 |
31.03.2003 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
0.100 |
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2] Share Application Money |
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0.500 |
0.500 |
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3] Reserves & Surplus |
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0.044 |
0.003 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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0.644 |
0.603 |
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LOAN FUNDS |
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1] Secured Loans |
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0.331 |
0.000 |
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2] Unsecured Loans |
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0.490 |
0.167 |
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TOTAL BORROWING |
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0.821 |
0.167 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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1.465 |
0.770 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.794 |
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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2.440 |
0.000 |
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Sundry Debtors |
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1.731 |
0.704 |
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Cash & Bank Balances |
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0.010 |
0.120 |
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Other Current Assets |
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0.388 |
0.000 |
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Loans & Advances |
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0.000 |
0.000 |
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Total
Current Assets |
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4.569 |
0.824 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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1.060 |
0.080 |
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Other Current Liabilities |
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2.629 |
0.000 |
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Provisions |
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0.232 |
0.005 |
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Total
Current Liabilities |
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3.921 |
0.085 |
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Net Current Assets |
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0.648 |
0.739 |
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MISCELLANEOUS EXPENSES |
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0.023 |
0.031 |
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TOTAL |
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1.465 |
0.770 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2004 |
31.03.2003 |
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SALES |
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Income |
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10.092 |
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Other Income |
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TOTAL |
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10.092 |
1.212 |
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Less |
EXPENSES |
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Office Expenses |
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10.024 |
1.207 |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
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10.024 |
1.207 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
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0.068 |
0.005 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
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0.023 |
0.000 |
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PROFIT BEFORE
TAX |
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0.045 |
0.005 |
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Less |
TAX |
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0.004 |
0.002 |
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PROFIT AFTER TAX
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0.041 |
0.003 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
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0.003 |
0.000 |
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BALANCE CARRIED
TO THE B/S |
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0.044 |
0.003 |
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EARNINGS IN
FOREIGN CURRENCY |
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Export Earnings |
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5.864 |
0.000 |
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TOTAL EARNINGS |
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5.864 |
0.000 |
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Earnings Per
Share (Rs.) |
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4.10 |
0.30 |
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KEY RATIOS
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PARTICULARS |
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31.03.2004 |
31.03.2003 |
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PAT / Total Income |
(%) |
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0.41 |
0.25 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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0.84 |
0.61 |
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Return on Investment (ROI) (PBT/Networth) |
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0.07 |
0.01 |
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Debt Equity Ratio (Total Liability/Networth) |
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7.36 |
0.42 |
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Current Ratio (Current Asset/Current Liability) |
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1.16 |
9.69 |
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. Constructions 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 two years |
Yes |
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12. Profitability for last two 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 |
Yes |
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21. Market information |
------ |
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22. Litigations that the firm / promoter involved |
------ |
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23. Banking Details |
Yes |
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24. Banking facility details |
Yes |
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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 |
PERFORMANCE DURING
THE YEAR
The company has achieved a total turnover of Rs. 10.000 Millions
including an exports of Rs. 9.772 Millions. And the directors are confident in increasing
of export turnover.
FIXED ASSETS
·
Compressor
·
Teatra Offline UPS
·
Web Guide System
·
Corona Treater
·
HP Printer
·
Laminator Machiner
·
Computer
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 records 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. 55.76 |
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|
1 |
Rs. 86.69 |
|
Euro |
1 |
Rs. 70.44 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
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Report Prepared
by : |
DPT |
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.