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Report Date : |
29.05.2012 |
IDENTIFICATION DETAILS
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Name : |
USHA ELEVATORS PRIVATE LIMITED |
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Registered
Office : |
No. 23/1, 11th |
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Country : |
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Date of
Incorporation : |
13.02.2012 |
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Com. Reg. No.: |
08-062505 |
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Capital
Investment/ Paid-up Capital: |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U74900KA2012PTC062505 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Design, Manufacture and Installation of Elevators |
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No. of
Employees: |
10 (Approximately) |
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 complete its one full year
operation. Business is active. Payments are unknown. The company can be considered normal 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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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India |
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 : |
No. 23/1, 11th Main Road, Vasanth Nagar, Bengaluru –
560052, Karnataka, India |
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Tel. No.: |
91-80-22374237/ 41473349/ 41473080 |
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Mobile No.: |
91-9845376937 (Mr. Girish) |
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Fax No.: |
91-80-41473349 |
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E-Mail : |
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Area : |
1000 Square Feet |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Girish Tatamanji |
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Designation : |
Executive Director |
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Date of Birth/Age : |
40 Years |
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Qualification : |
Engineer |
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Experience : |
15 Years |
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Name : |
Mrs. Prerma Chhatre |
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Designation : |
Director |
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Date of Birth/Age : |
36 Years |
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Qualification : |
MBA |
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Experience : |
10 Years |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
Equity Share Break up (Percentage of Total Equity)
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Category |
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Percentage |
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Directors or relatives of directors |
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100.00 |
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Total
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Design, Manufacture and Installation of Elevators |
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Products : |
·
Hospital Elevators ·
Automobile Elevators ·
Freight Elevators ·
Passenger Elevator ·
Home Elevators |
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Terms : |
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Selling : |
Advance with order 30 days |
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Purchasing : |
About 30 days |
GENERAL INFORMATION
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Suppliers : |
·
Sematio, Mumbai ·
Prisma, Mumbai |
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Customers : |
·
Raheja Developer, Bangalore ·
Corporation Bank, Bangalore |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
Syndicate Bank, Vasanth Nagar, Bangalore, Karnataka, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mr. Balakrishan Chartered Accountant |
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Address : |
Bangalore, Karnataka, India |
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Memberships : |
International Elevators Forum |
CAPITAL STRUCTURE
Authorised 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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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]
NEW COMPANY
LOCAL AGENCY FURTHER INFORMATION
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Available
in Report [Yes/No] |
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Year
of Establishment |
Yes |
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Locality
of the Firm |
Yes |
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Construction
of the firm |
Yes |
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Premises
details |
Yes |
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Type
of Business |
Yes |
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Line
of Business |
Yes |
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Promoters
background |
Yes |
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No.
of Employees |
Yes |
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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 three years |
No |
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Profitability
for last three years |
No |
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Reasons
for variation <> 20% |
- |
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Estimation
for coming financial year |
No |
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Capital
the business |
Yes |
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Details
of sister concerns |
Yes |
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Major
Suppliers |
Yes |
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Major
Customers |
Yes |
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Payment
Terms |
Yes |
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Export
/ Import Details [If Applicable] |
No |
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Market
Information |
- |
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Litigations
that the firm / promoter involved in |
- |
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Banking
Details |
Yes |
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Banking
Facility Details |
No |
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Conduct
of the banking account |
- |
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Buyer
visit details |
- |
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Financials,
if provided |
Yes |
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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 |
No |
AS PER WEBSITE DETAILS:
PROFILE
The Origin Subject dates back to the Year 2004
when operations started and the following years its activities expanded rapidly
to support the fast growing Elevator market in India. Subject is part of
Tatamanji Group Corp which is a diversified conglomerate with businesses
ranging from metal, commodity trading to global financial consultancy.
Subject has grown to become one of the few
fully-integrated Indian elevator companies that engineers, installs and
maintains elevating devices. Since Inception Subject has been committed to meet
global standards in producing elevators and as a result succeeded in forging
strategic alliances with global OEM vendors.
Subject is committed to hiring only the best
staff. Company is set to be leading in build-to-order elevators. Subject has a
large elevator engineering department, which includes mechanical, Electrical
and electronic engineers. This allows the company to offer unparalleled
response time to unique customer requirements.
Subject reputation for uncompromising quality and
service in the field is built on a large pool of trained elevator technicians.
We continuously impart training to our workforce. This dedicated workforce
installs and maintains elevators with one of the lowest call back ratios.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.26 |
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1 |
Rs.86.80 |
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Euro |
1 |
Rs.69.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
RATING EXPLANATIONS
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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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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- |
NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.