MIRA
INFORM REPORT
|
Report Date : |
22.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
WORLD SERIES HOCKEY PRIVATE LIMITED |
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
14.02.2011 |
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Com. Reg. No.: |
11-213530 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.500
Million |
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CIN No.: [Company Identification
No.] |
U92400MH2011PTC213530 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMW03823B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Broadcasting and Marketing of World Series Hockey. (“The League”) |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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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 establish itself gradually.
Business is active. Payments are unknown. The company can be considered for business dealings with some caution.
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NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION DECLINED BY
Management non co-operative.
LOCATIONS
|
Registered Office : |
Nimbus Center, Oberoi Complex, Andheri (West), Mumbai-400053,
Maharashtra, India |
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Tel. No.: |
91-22-26352000 |
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Fax No.: |
91-22-26352123 |
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E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Harish Kanayalal Thawani |
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Designation : |
Director |
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Address : |
701, Rendezvous, 120-121 Perry Road, Bandra (West), Mumbai – 400050,
Maharashtra, India |
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Date of Birth/Age : |
16.04.1959 |
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Date of Appointment : |
14.02.2011 |
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DIN No.: |
01082908 |
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Name : |
Mr. Akash Chandra Khurana |
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Designation : |
Director |
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Address : |
19, Dunhill, Dr. Ambedkar Road, Khar (West), Mumbai – 400052,
Maharashtra, India |
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Date of Birth/Age : |
01.02.1953 |
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Date of Appointment : |
14.02.2011 |
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DIN No.: |
01220599 |
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Name : |
Mrs. Shobha Harish Thawani |
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Designation : |
Director |
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Address : |
701, Rendezvous, 120-121 Perry Road, Bandra (West), Mumbai – 400050,
Maharashtra, India |
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Date of Birth/Age : |
26.01.1955 |
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Date of Appointment : |
14.02.2011 |
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DIN No.: |
00156100 |
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Name : |
Mr. Arthur Yannick Colaco |
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Designation : |
Director |
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Address : |
HNO 151-A, Behind Holy Spirit, Nursing Home, Margao – 403601, Goa,
India |
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Date of Birth/Age : |
28.06.1979 |
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Date of Appointment : |
14.02.2011 |
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DIN No.: |
03398453 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
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Nimbus Communications Limited, India |
|
49994 |
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Harish Thawani as a nominee of Nimbus Communications Limited, India |
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1 |
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Shobha Thawani as a nominee of Nimbus Communications Limited, India |
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1 |
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Akash Khurana as a nominee of Nimbus Communications Limited, India |
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1 |
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Arthur Yannick Colaco as a nominee of Nimbus Communications Limited,
India |
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1 |
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Gaurav Gokale as a nominee of Nimbus Communications Limited, India |
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1 |
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Pramila Shetty as a nominee of Nimbus Communications Limited, India |
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1 |
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Total |
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50000 |
As on 30.09.2011
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Equity Share Breakup |
|
Percentage of Holding |
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Category |
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|
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Bodies
corporate |
|
99.99 |
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Directors
or relatives of directors |
|
0.01 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Broadcasting and Marketing of World Series Hockey. (“The League”) |
GENERAL INFORMATION
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No. of Employees : |
Information declined by the management. |
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Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Anil A. Masand and Company Chartered Accountants |
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Address : |
3, Shewa Apartments, 33-B, 3rd Road, Khar, Mumbai-400052,
Maharashtra, India |
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Tel. No.: |
91-22-26482720/26052711 |
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Fax No.: |
91-22-26057222 |
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Pan No.: |
AAFPM3445C |
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Holding Company : |
Nimbus Communication Limited (NCL) |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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|
0.500 |
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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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(2.975) |
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NETWORTH |
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(2.475) |
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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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0.000 |
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TOTAL BORROWING |
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0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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(2.475) |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.000 |
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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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DEFERREX 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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|
1.597 |
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Other Current Assets |
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|
0.000 |
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Loans & Advances |
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|
77.345 |
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Total
Current Assets |
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78.942 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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|
0.387 |
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Other Current Liabilities |
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|
81.030 |
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Provisions |
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|
0.000 |
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Total
Current Liabilities |
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81.417 |
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Net Current Assets |
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(2.475) |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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(2.475) |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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|
31.03.2011 |
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SALES |
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Income |
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Other Income |
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TOTAL |
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0.157 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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3.133 |
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Advertising Expenses |
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TOTAL |
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3.133 |
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PROFIT / (LOSS)
BEFORE TAX |
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(2.976) |
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Less |
TAX |
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0.000 |
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PROFIT / (LOSS)
AFTER TAX |
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(2.976) |
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Earnings /
(Loss) Per Share (Rs.) |
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(59.52) |
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KEY RATIOS
|
PARTICULARS |
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|
31.03.2011 |
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PAT / Total Income |
(%) |
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(1895.54) |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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(3.77) |
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Return on Investment (ROI) (PBT/Networth) |
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1.20 |
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Debt Equity Ratio (Total Liability/Networth) |
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(32.90) |
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Current Ratio (Current Asset/Current Liability) |
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0.97 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2011 (Rs. in millions) |
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Sundry Creditors |
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Total outstanding
dues of creditors other than micro enterprises and small enterprises |
0.387 |
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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 one year |
Yes |
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12) Profitability for last one year |
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 |
Yes |
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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 involved in |
-- |
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23) Banking Details |
No |
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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 |
FINANCIAL PERFORMANCE:
The Company was incorporated
on February 14, 2011. The expenditure incurred by the Company is mainly on
account of pre-incorporation expenses.
BUSINESS OVERVIEW:
The period has
been a very vibrant period for the Company. The company plans to hold a World Series
Hockey event in coming months. The event has confirmed 6 of the 8 hosting
cities for the first edition. The confirmed participating cities are: Mumbai,
Delhi, Chennai, Bangalore, Punjab and Hyderabad. It is proposed that 61 matches
to be played among eight teams. The event aims to be the only platform to bring
the world of hockey together due its unique format. It will be the most
lucrative hockey league in the world.
An annual event,
World Series Hockey will feature "city-based" teams playing against
each other in a "home and away" league, culminating into a multi
header playoff to determine the World Series Hockey Champion.
Some of the key features of the event will be:
·
A league featuring the finest players of India and
from across the world.
·
Multi-city league on a franchisee-based model,
beginning with 8 teams from across India
·
Players to be allocated to teams based on a 'Draft'
system, modelled successfully by various other sporting leagues globally.
·
176 players from India and across the world are
expected to participate in the inaugural edition of the Event
·
Each World Series Hockey match will be produced
LIVE for broadcast
·
The event will be televised LIVE across 30
countries on multiple media platforms.
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.56.42 |
|
|
1 |
Rs.88.45 |
|
Euro |
1 |
Rs.71.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
TPT |
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.