MIRA
INFORM REPORT
|
Report Date : |
01.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
PBG AUTO PRIVATE LIMITED |
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Registered
Office : |
27/8, East Patel Nagar, Block – 27, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
28.10.2011 |
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Com. Reg. No.: |
55-226829 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U34100DL2011PTC226829 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Supplier of High Quality Broaches. |
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No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
|
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 : |
Moderate |
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Payment Behaviour : |
Slow and delayed |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company incorporated during October 28,
2011. The company has recorded a minimal sales during the first year of its
operations. It has incurred huge losses from its business operations. Which
resulted in erosion of its net worth. However, business is active. Payment terms are slow and delayed. The 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 |
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Amandeep Singh |
|
Designation : |
Director |
|
Contact No.: |
91-9810204141 |
|
Date : |
30.07.2013 |
LOCATIONS
|
Registered Office : |
27/8, East Patel Nagar, Block – 27, |
|
Tel. No.: |
Not Available |
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Mobile No.: |
91-9810204141 (Mr. Amandeep Singh) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
No. G – 2, Sector – 11, Gautam Budh Nagar, Noida – 201301, |
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Tel. No.: |
91-120-4112287 |
DIRECTORS
As on : 29.09.2012
|
Name : |
Mr. Aman Deep Singh |
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Designation : |
Director |
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Address : |
27/8, East Patel Nagar, |
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Date of Birth/Age : |
26.03.1980 |
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Date of Appointment : |
28.10.2011 |
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DIN No.: |
02374575 |
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Name : |
Mrs. Rani Nair |
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Designation : |
Director |
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Address : |
4-D, PKT-IV, Mayur Vihar, Phase-I, |
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Date of Birth/Age : |
10.08.1981 |
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Date of Appointment : |
28.10.2011 |
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DIN No.: |
05104485 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Aman Deep Singh |
7000 |
|
Rani Nair |
3000 |
|
Total |
10000 |
Equity Share Break up (Percentage of Total Equity)
As on : 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of High Quality Broaches. |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
Retailers and End Users |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
Not Available |
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Facilities : |
-- |
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Auditors : |
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Name : |
Gras and Associates Chartered Accountants |
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Address : |
13/18A, Second Floor, Moti Nagar, |
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Tel. No.: |
91-011-25109003 |
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Mobile No.: |
91-9818441400 |
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PAN No.: |
AAIFR5466M |
CAPITAL STRUCTURE
As on : 29.09.2012
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 :
|
No. of Shares |
Type |
Value |
Amount |
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|
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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
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
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(1)Shareholders' Funds |
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|
|
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(a) Share Capital |
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|
0.100 |
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(b) Reserves & Surplus |
|
|
(0.646) |
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(c) Money
received against share warrants |
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|
0.000 |
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(2) Share Application money pending allotment |
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|
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
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(0.546) |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
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|
0.910 |
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(b) Deferred tax liabilities (Net) |
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|
0.000 |
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(c) Other long term liabilities |
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|
0.000 |
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(d) long-term provisions |
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|
0.000 |
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Total Non-current Liabilities (3) |
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0.910 |
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(4)
Current Liabilities |
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(a)
Short term borrowings |
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|
0.000 |
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(b)
Trade payables |
|
|
0.000 |
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(c)
Other current liabilities |
|
|
0.015 |
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(d) Short-term
provisions |
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|
0.000 |
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Total Current Liabilities (4) |
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|
0.015 |
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TOTAL |
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0.379 |
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II. ASSETS |
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(1)
Non-current assets |
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(a)
Fixed Assets |
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(i)
Tangible assets |
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0.000 |
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(ii)
Intangible Assets |
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0.000 |
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(iii)
Capital work-in-progress |
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0.000 |
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(iv)
Intangible assets under development |
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0.000 |
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(b) Non-current Investments |
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0.000 |
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(c) Deferred tax assets (net) |
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0.000 |
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(d) Long-term Loan and Advances |
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|
0.065 |
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(e) Other
Non-current assets |
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|
0.000 |
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Total Non-Current Assets |
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0.065 |
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(2)
Current assets |
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(a)
Current investments |
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0.000 |
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(b)
Inventories |
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0.000 |
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(c)
Trade receivables |
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|
0.000 |
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(d) Cash
and cash equivalents |
|
|
0.147 |
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(e)
Short-term loans and advances |
|
|
0.135 |
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(f)
Other current assets |
|
|
0.032 |
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Total Current Assets |
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|
0.314 |
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TOTAL |
|
|
0.379 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2012 |
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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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0.003 |
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Less |
EXPENSES |
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TOTAL |
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0.649 |
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PROFIT / LOSS
BEFORE TAX |
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(0.646) |
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Less |
TAX |
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|
0.000 |
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PROFIT / LOSS
AFTER TAX |
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(0.646) |
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Earnings Per
Share (Rs.) |
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|
0.00 |
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KEY RATIOS
|
PARTICULARS |
|
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|
31.03.2012 |
|
PAT / Total Income |
(%) |
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(215.33) |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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(170.45) |
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Return on Investment (ROI) (PBT/Networth) |
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(0.100) |
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Debt Equity Ratio (Total Debt /Networth) |
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0.36 |
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Current Ratio (Current Asset/Current Liability) |
|
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|
25.27 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
one years |
Yes |
|
12] |
Profitability for last
one years |
Yes |
|
13] |
Reasons for variation
<> 20% |
------ |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
---- |
|
26] |
Buyer visit details |
---- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
FINANCIAL RESULTS :
The company has made Turnover of Rs. 0.003 Million and incurred loss of
Rs. 0.646 Million (before taxes).
UNSECURED LOANS :
(Rs in Millions)
|
PARTICULARS |
31.03.2012
|
|
Loans and advances from related parties |
0.910 |
|
Total |
0.910 |
NOTE :
No Charge Exist For Company.
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 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. 61.12 |
|
|
1 |
Rs. 92.97 |
|
Euro |
1 |
Rs. 80.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
|
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.