1. Summary Information
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|
Country |
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Company Name |
MOTOROLA
MOBILITY CHENNAI PRIVATE LIMITED |
Principal Name 1 |
Mr. Ramprasad Gururaja Rao |
|
Status |
New Company |
Principal Name 2 |
Mr. Marc Evan Rothman |
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|
|
Registration # |
05-039316 |
|
Street Address |
415/2, Mehrauli Gurgaon Road, Sector-14, Gurgaon-122001, Haryana,
India |
||
|
Established Date |
20.07.2009 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
Trader |
|
Homepage |
-- |
Product Name 1 |
mobile handsets |
|
# of employees |
Not Available |
Product Name 2 |
mobile accessories |
|
Paid up capital |
Rs.
100,000/- |
Product Name 3 |
software |
|
Shareholders |
Directors or relatives of
directors (50.00%) Other top fifty shareholders
(50.00%) |
Banking |
Not Available |
|
Public Limited Corp. |
NO |
Business Period |
2 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ca (13) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
100,000 |
Current Liabilities |
5,000 |
|
Inventories |
000 |
Long-term Liabilities |
000 |
|
Fixed Assets |
000 |
Other Liabilities |
000 |
|
Deferred Assets |
000 |
Total Liabilities |
5,000 |
|
Invest& other Assets |
000 |
Retained Earnings |
[5,000] |
|
|
|
Net Worth |
95,000 |
|
Total Assets |
100,000 |
Total Liab. & Equity |
100,000 |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
000 |
Net Profit/ Loss |
[5,000] |
|
Sales(Previous yr) |
000 |
Net Profit(Prev.yr) |
000 |
|
Report Date : |
24.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
MOTOROLA MOBILITY CHENNAI PRIVATE LIMITED (w.e.f. 26.03.2010) |
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Formerly Known
As : |
PK DEVICE DEVELOPERS PRIVATE LIMITED |
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Registered
Office : |
415/2, Mehrauli Gurgaon Road, Sector-14, Gurgaon-122001, Haryana |
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Country : |
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|
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
20.07.2009 |
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|
|
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Com. Reg. No.: |
05-039316 |
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|
|
|
Capital
Investment/ Paid-up Capital: |
Rs. 0.100
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109HR2009PTC039316 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
To carry the business of development, trading, manufacturing, import,
export of electronic devices including mobile handsets, mobile accessories
and software. |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (13) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
New Company |
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|
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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 on a 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION DECLINED BY
|
Name : |
Mr. Subhash |
|
Designation : |
Finance Manager |
|
Contact No.: |
(unable to contact) |
|
Email: |
|
|
Date : |
16.11.2011 |
LOCATIONS
|
Registered Office : |
415/2, Mehrauli Gurgaon Road, Sector-14, Gurgaon-122001, Haryana,
India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 14.12.2010
|
Name : |
Mr. Ramprasad Gururaja Rao |
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Designation : |
Additional Director |
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|
Address : |
No. T-G, Block-2, Jains Ashrya, Phase-2, Vembuliamman Koil Street,
Virugambakkam, Chennai-600092, Tamilnadu, India |
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Date of Birth/Age : |
13.11.1972 |
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Date of Appointment : |
07.03.2011 |
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DIN No.: |
03460486 |
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Name : |
Mr. Marc Evan Rothman |
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Designation : |
Additional Director |
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|
Address : |
63, South Wynstone Drive, North Barrington-60010, Unitested States of
America |
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Date of Birth/Age : |
20.10.1964 |
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Date of Appointment : |
24.09.2009 |
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DIN No.: |
01777743 |
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Other Directorship
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Name : |
Mr. Eric Dsouza |
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Designation : |
Additional Director |
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Address : |
Flat No. B-605, Mantri Elegance, NS Palya, Nannerghatta Road,
Bangalore-560076, Karnataka, India |
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Date of Birth/Age : |
03.06.1966 |
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Date of Appointment : |
26.04.2010 |
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Date of Ceasing: |
07.03.2011 |
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DIN No.: |
02778621 |
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Other Directorship:
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Name : |
Mr. Vijimur Chellappan Srinivasa Raghavan |
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Designation : |
Additional Director3 |
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Address : |
E-144, Richmond Park Park, DLF Phase-4, Gurgaon, Haryana, India |
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Date of Birth/Age : |
14.02.1970 |
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Date of Appointment : |
01.07.2010 |
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DIN No.: |
03138245 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Subhash |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 14.12.2010 )
|
Names of Shareholders |
|
No. of Shares |
|
Prakash Lal Kapur |
|
5000 |
|
Gurmeet Singh Ubeari |
|
5000 |
|
Total |
|
10000 |
Equity Share Breakup (Percentage of Total Equity)
(AS ON 31.12.2010 )
|
Category |
|
Percentage |
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|
|
|
Directors or relatives of directors |
|
50.00 |
|
Other top fifty shareholders |
|
50.00 |
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Total
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|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To carry the business of development, trading, manufacturing, import, export
of electronic devices including mobile handsets, mobile accessories and
software. |
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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 : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
BSR and Company Chartered Accountant |
|
Address : |
Maruthi Info-tech Centre, 11-12/1, Inner Ring Road, Koramangala,
Bangalore-560071, Karnataka, India |
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Tel. No.: |
91-80-39806000 |
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Fax No.: |
91-80-39806999 |
|
PAN No.: |
AAIFB0630K |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
50000 |
Equity Share |
Rs.10/- each |
Rs. 0.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Share (Of the above 5000 equity shares of Rs. 10 each are held by Prakash Lal
Kapur and 5000 Equity Shares of Rs. 10 each are held by Gurmeet Singh Uberoi) |
Rs.10/- each |
Rs. 0.100
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
From 20.07.2009 31.03.2010 |
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|
SHAREHOLDERS FUNDS |
|
|
|
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1] Share Capital |
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|
0.100 |
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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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|
(0.005) |
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NETWORTH |
|
|
0.095 |
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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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|
0.095 |
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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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|
0.100 |
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Other Current Assets |
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|
0.000 |
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Loans & Advances |
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|
0.000 |
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Total
Current Assets |
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|
0.100 |
|
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Less : CURRENT LIABILITIES & PROVISIONS |
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|
|
|
|
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Sundry Creditor |
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|
0.005 |
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Other Current Liabilities |
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|
0.000 |
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Provisions |
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|
0.000 |
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Total
Current Liabilities |
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|
0.005 |
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Net Current Assets |
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|
0.095 |
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MISCELLANEOUS EXPENSES |
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|
0.000 |
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TOTAL |
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|
0.095 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
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From 20.07.2009 31.03.2010 |
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SALES |
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Income |
|
|
0.000 |
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Other Income |
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|
0.000 |
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TOTAL |
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|
0.000 |
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Less |
EXPENSES |
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|
|
|
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|
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Other operating Expenses |
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|
0.005 |
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TOTAL |
|
|
0.005 |
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|
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|
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Loss for the
Period |
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|
[0.005] |
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|
|
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Earnings Per
Share (Rs.) |
|
|
[0.5] |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
From 20.07.2009 31.03.2010 |
|
PAT / Total
Income |
(%) |
|
|
0.00 |
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|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
0.00 |
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|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
[5.00] |
|
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|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
[0.05] |
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|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
0.05 |
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|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
20.00 |
LOCAL AGENCY FURTHER INFORMATION
Background:
Subject was incorporated on 20 July 2009 as a Private Limited company under
the provision of companies Act, 1956 with its registered office in Haryana,
India. The company has been set up to carry the business of development,
trading, manufacturing, import, export of electronic devices including mobile
handsets, mobile accessories and software. The manufacturing facility of the
company is located in a Special Economic Zone.
During the period the name of the company was changed from PK Device
Developers Private Limited to Motorola Mobility Chennai Private Limited with
effect from 26 March 2010.
Financial Results and Operations:
Financial Results of the company reveals at
Loss of Rs. 0.005 Million for the period ended March 31, 2010.
PRESS RELEASE:
SANJAY JHA QUITS
POST-GOOGLE'S MOTOROLA MOB BUY
Google has completed the acquisition of cellphone maker Motorola Mobility for USD 12.5 billion in an all-cash deal and appointed Dennis Woodside as the new CEO in place of Sanjay Jha, who has decided to step down.
"I'm happy to announce today that our Motorola Mobility deal has closed...Sanjay Jha, who was responsible for building the company and placing that big bet on Android, has stepped down as CEO," Google CEO Larry Page said in joint statement of the two companies on Tuesday late night.
Woodside, who takes over from Jha, was serving as President of Google's Americas region, it added.
Jha, meanwhile, will continue to work with Google to help ensure a smooth transition, the statement said.
This is the biggest deal in Google's 14-year history.
The two companies had announced the deal nine months ago.
Google acquired Motorola Mobility in an all-cash deal for USD 40 per share.
"I've known Dennis for nearly a decade, and he's been phenomenal at building teams and delivering on some of Google's biggest bets. One of his first jobs at Google was to put on his backpack and build our businesses across the Middle East, Africa, Eastern Europe and Russia," Page said.
Google has hired a new team for running business at Motorola Mobility, which includes former Director of DARPA Regina Dugan, former supply chain VP at Amazon and previously at Nokia Mark Randall, former CFO of Marsh and McLennan Vanessa Wittman, former head of HR at Visa and NVIDIA Scott Sullivan, and former Google VP of Consumer Marketing Gary Briggs.
Members of Motorola Mobility's team, including Senior
Vice-President for Global Product Development Iqbal Arshad, Chief of Staff
Marshall Brown, Senior Vice President for Mass Market Products Fei Liu and some
others will continue working at the their existing position, the statement
said.
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.55.93 |
|
|
1 |
Rs.88.14 |
|
Euro |
1 |
Rs.70.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
13 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
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.