1. Summary Information
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Country |
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Company Name |
MAXWORTH
CONSUMER PRODUCT PRIVATE LIMITED |
Principal Name 1 |
Mr. Srinivas Dixit Mallela |
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Status |
Poor |
Principal Name 2 |
Mr. Naresh Bhamidipati |
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|
Registration # |
052655 |
|
Street Address |
Plot No. 178, 12-11-1595/13,
Lalitha Nagar, Near Jamai Osmania Rly Station, Hyderabad – 500044, Andhra
Pradesh |
||
|
Established Date |
07.02.2007 |
SIC Code |
-- |
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Telephone# |
91-40-27091819 |
Business Style 1 |
Manufacturer and Trader of Consumer Products. |
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Fax # |
-- |
Business Style 2 |
-- |
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Homepage |
--- |
Product Name 1 |
-- |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
100,000 |
Product Name 3 |
-- |
|
Shareholders |
Mr. Srinivas Dixit Mallela (9991) |
Banking |
State Bank of India |
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Public Limited Corp. |
-- |
Business Period |
5 years |
|
IPO |
--- |
International Ins. |
- |
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Public |
--- |
Rating |
C |
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Related
Company |
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Relation
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Country
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Company
Name |
--- |
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Note |
- |
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2. Summary
Financial Statement
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Balance Sheet as of |
-- |
(Unit: Indian Rs.) |
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Assets |
Liabilities |
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Current Assets |
-- |
Current Liabilities |
-- |
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Inventories |
-- |
Long-term Liabilities |
-- |
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Fixed Assets |
-- |
Other Liabilities |
-- |
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Deferred Assets |
-- |
Total Liabilities |
-- |
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Invest& other Assets |
-- |
Retained Earnings |
-- |
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Net Worth |
-- |
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Total Assets |
-- |
Total Liab. & Equity |
-- |
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Total Assets (Previous Year) |
-- |
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P/L Statement as of |
--- |
(Unit: Indian Rs.) |
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|
Sales |
-- |
Net Profit |
-- |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
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Report Date : |
19.05.2012 |
IDENTIFICATION DETAILS
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Name : |
MAXWORTH CONSUMER PRODUCT PRIVATE LIMITED |
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Registered
Office : |
Plot No. 178, 12-11-1595/13, Lalitha Nagar, Near Jamai Osmania Rly
Station, Hyderabad – 500044, Andhra Pradesh |
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Country : |
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Date of
Incorporation : |
07.02.2007 |
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Com. Reg. No.: |
052655 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U74993AP2007PTC052655 |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Manufacturer and Trader of Consumer Products. |
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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 : |
Poor |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
The management of the company has not filed its financials with the
Government department since its incorporation. That shows a poor corporate
Governance. Also as confirmed by “Mr. Srinivas Dixit” “Managing Director” the
company has not yet fully started its business activity. Payment are unknown. Initially, the subject 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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 (General Details)
|
Name : |
Mr. Srinivas Dixit Mallela |
|
Designation : |
Managing Director |
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Contact No.: |
91-9949555563 |
|
Date : |
16.05.2012 |
LOCATIONS
|
Registered Office : |
Plot No. 178, 12-11-1595/13, Lalitha Nagar, Near Jamai Osmania Rly
Station, Hyderabad – 500044, Andhra Pradesh, India |
|
Tel. No.: |
91-40-27091819 |
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Mobile No.: |
91-9949555563 (Mr. Srinivas Dixit Mallela) |
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E-Mail : |
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Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Srinivas Dixit Mallela |
|
Designation : |
Managing Director |
|
Address : |
Plot No. 178, 12-11-1595/13, Lalitha Nagar, Near Jamai Osmania Rly
Station, Hyderabad – 500044, Andhra Pradesh, India |
|
Date of Birth/Age : |
26.10.1970 |
|
Name : |
Mr. Naresh Bhamidipati |
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Designation : |
Director |
|
Address : |
Plot No. 178, 12-11-1595/13, Lalitha Nagar, Near Jamai Osmania Rly
Station, Hyderabad – 500044, Andhra Pradesh, India |
|
Date of Birth/Age : |
31.12.1978 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.01.2007
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Names of Shareholders |
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No. of Shares |
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|
Mr. Srinivas Dixit Mallela |
|
9991 |
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Mr. Naresh Bhamidipati |
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9 |
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Total |
|
10000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Trader of Consumer Products. |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
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Customers : |
·
Wholesalers ·
Retailers |
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No. of Employees : |
Not Divulged |
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Bankers : |
·
State Bank of India, Andhra Pradesh, India |
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Banking
Relations : |
-- |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
|
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]
Not Divulged
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 |
Yes |
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10)
Designation of contact person |
Yes |
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11)
Turnover of firm for last three years |
No |
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12)
Profitability for last three years |
No |
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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 |
Yes |
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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 |
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 |
No |
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28)
Incorporation details, if applicable |
Yes |
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29)
Last accounts filed at ROC |
No |
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30)
Major Shareholders, if available |
Yes |
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.54.87 |
|
|
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.48 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
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Report Prepared
by : |
NLM |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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.