|
Report Date : |
08.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
AURIGA MACHINERY INDIA PRIVATE LIMITED |
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Registered
Office : |
203, 2nd Floor, Pankaj Chamber, Plot No.2, Pocket
"H" Market, Sarita Vihar, New Delhi – 110 076 |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
18.07.2011 |
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Com. Reg. No.: |
55-222463 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 million |
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CIN No.: [Company Identification
No.] |
U29190DL2011PTC222463 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of earth-moving machinery and allied machinery. |
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No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
No Commercial Activity |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject was established as a proprietary concern during 2004 and
during 2011 it got converted into a private limited company. The private limited company has not taken over the proprietary firm
till date and hence the business is carried out in the proprietary firm.
Therefore, no commercial activity is being carried out in the company till
date. The company and the proprietary firm are functioning as different
legal entity. Payment terms are unknown. 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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 |
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
|
Name : |
Mr. Kamal Mustafa |
|
Designation : |
Director |
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Contact No.: |
91-9811514693 |
|
Date : |
04.07.2013 |
LOCATIONS
|
Registered Office/ Factory : |
203, 2nd Floor, Pankaj Chamber, Plot No.2, Pocket “H”
Market, Sarita Vihar, New Delhi – 110 076, India |
|
Tel. No.: |
91-11-41572979 |
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Mobile No.: |
91-9811514693 (Mr. Kamal Mustafa) |
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Fax No.: |
91-11-29949488 |
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E-Mail : |
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Website : |
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Area : |
4000 sq ft |
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Location : |
Owned |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Kamal Mustafa |
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Designation : |
Director |
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Address : |
8A/1, Joga Bai, New Delhi – 110 025, India |
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Date of Birth/Age : |
03.03.1978 |
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Date of Appointment : |
18.07.2011 |
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DIN No.: |
00414064 |
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Other Directorship : |
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Name : |
Ms. Kashifa Begum |
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Designation : |
Director |
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Address : |
8A/1, Joga Bai, New Delhi – 110 025, India |
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Date of Birth/Age : |
02.03.1984 |
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Date of Appointment : |
18.07.2011 |
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DIN No.: |
03520920 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Kamal Mustafa |
|
5000 |
|
Kashifa Begum |
|
5000 |
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Total |
|
10000 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of earth-moving machinery and allied machinery. |
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|
|
|
Products : |
·
Hydraulic Rock Breaker: Skid Steer Loader,
Backhoe Loader Type, Box Type, Pulverizer, Shear Quick Coupler and Compactor
etc. ·
Diamond Cutters ·
Multi Processor ·
Shear: Alligator Shear, Baler Shear, Wood Shear,
Rail Shear, steel shear, Concrete Shear etc. ·
Concrete Cutter ·
Container Tilter ·
Boom Hitch ·
Concrete Floor Saw ·
Hydraulic Grapple ·
Rock Breaker ·
Asphalt Floor Saw ·
Wire Stripper ·
Hydraulic Hammer ·
Concrete Wall Saw ·
Cable Granulator ·
Excavator Attachments ·
Hydraulic Buster ·
Fork Lift ·
Demolition Hammers ·
Hydraulic Crusher ·
Fork Lift Attachment |
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Exports : |
|
|
Products : |
·
Hydraulic Rock Breaker: Skid Steer Loader, Backhoe
Loader Type, Box Type, Pulverizer, Shear Quick Coupler and Compactor etc. ·
Diamond Cutters ·
Multi Processor ·
Shear: Alligator Shear, Baler Shear, Wood Shear,
Rail Shear, steel shear, Concrete Shear etc. ·
Concrete Cutter ·
Container Tilter ·
Boom Hitch ·
Concrete Floor Saw ·
Hydraulic Grapple ·
Rock Breaker ·
Asphalt Floor Saw ·
Wire Stripper ·
Hydraulic Hammer ·
Concrete Wall Saw ·
Cable Granulator ·
Excavator Attachments ·
Hydraulic Buster ·
Fork Lift ·
Demolition Hammers ·
Hydraulic Crusher ·
Fork Lift Attachment |
|
Countries : |
·
South Africa ·
European Countries |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
·
Korea ·
China ·
Italy ·
Germany |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
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No. of Employees : |
15 (Approximately) |
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Bankers : |
HDFC Bank Limited, New Delhi, India
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Aqil Sharma and Associates Chartered Accountants |
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Address : |
211, Madras House, 67/4, Darya Ganj, New Delhi – 110 002, India |
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PAN No.: |
AAHFA9489Q |
CAPITAL STRUCTURE
AS ON 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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 |
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I.
EQUITY AND LIABILITIES |
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|
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(1) Shareholders' Funds |
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(a) Share Capital |
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0.100 |
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(b) Reserves & Surplus |
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|
(0.006) |
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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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|
0.094 |
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(3) Non-Current
Liabilities |
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(a) Long-term borrowings |
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|
0.020 |
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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) |
|
|
0.020 |
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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 |
|
|
0.003 |
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(d) Short-term
provisions |
|
|
0.000 |
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Total Current
Liabilities (4) |
|
|
0.003 |
|
|
|
|
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TOTAL |
|
|
0.117 |
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|
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II.
ASSETS |
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|
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(1) Non-current assets |
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|
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(a) Fixed Assets |
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|
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(i)
Tangible assets |
|
|
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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|
0.000 |
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(e) Other
Non-current assets |
|
|
0.023 |
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Total Non-Current
Assets |
|
|
0.023 |
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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 |
|
|
0.000 |
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(d) Cash
and cash equivalents |
|
|
0.067 |
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(e)
Short-term loans and advances |
|
|
0.027 |
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(f)
Other current assets |
|
|
0.000 |
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Total
Current Assets |
|
|
0.094 |
|
|
|
|
|
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TOTAL |
|
|
0.117 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
0.000 |
|
|
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Other Income |
|
|
0.000 |
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|
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TOTAL |
|
|
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Direct// Indirect Expenses |
|
|
0.006 |
|
|
|
TOTAL |
|
|
0.006 |
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|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
(0.006) |
|
|
|
|
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|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
|
|
(0.006) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
|
(0.006) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
(0.60) |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2012 |
|
PAT / Total Income |
(%) |
|
|
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
(5.13) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
(0.06) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
|
0.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
31.33 |
AURIGA
INTEGRATED TECHNOLOGIES
(Proprietorship
Firm)
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Sales Turnover (Approximately) |
25.000 |
18.000 |
10.000 |
|
|
|
|
|
The above information has been parted by Mr. Kamal Mustafa (Director).
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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 three years |
Yes |
|
12) Profitability for last one year |
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) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
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 |
|
Unsecured Loans |
31.03.2012 (Rs. in Millions) |
|
LONG TERM BORROWINGS |
|
|
Loans and advances from related parties: |
|
|
Kamal Mustafa |
0.010 |
|
Kashifa Begum |
0.010 |
|
Total |
0.020 |
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.60.34 |
|
|
1 |
Rs.90.79 |
|
Euro |
1 |
Rs.77.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
SMN |
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.