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Report Date : |
06.03.2013 |
IDENTIFICATION DETAILS
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Name : |
KARE PARTNERS
GROUP INDIA PRIVATE LIMITED (w.e.f. 21.05.2012) |
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Formerly Known
As : |
AKNC HOSPITALS INDIA PRIVATE LIMITED |
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Registered
Office : |
29, 2nd
Floor, Defence Colony Market, New Delhi – 110 024 |
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Country : |
India |
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Date of
Incorporation : |
09.02.2012 |
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Com. Reg. No.: |
55-231228 |
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Capital
Investment / Paid-up Capital : |
Rs.84.905
millions |
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CIN No.: [Company Identification
No.] |
U85100DL2012PTC231228 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing healthcare services. |
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No. of Employees
: |
Not Available |
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 relatively new company and yet to establish itself
gradually. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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
|
Source
: CIA |
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.
LOCATIONS
|
Registered Office : |
29, 2nd
Floor, Defence Colony Market, New Delhi – 110 024, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Office : |
901, Fraser
Suites, Plot No.4A, District Center, Mayur Vihar, Phase – I, New Delhi – 110
091, India |
DIRECTORS
|
Name : |
Lizette Walter Hugh Ross |
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Designation : |
Additional director |
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Address : |
2408, Oak Hill Village Lane, Charlotte, North Carolina 28217 |
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Date of Birth/Age : |
29.06.1971 |
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Date of Appointment : |
28.02.2012 |
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DIN No.: |
02239124 |
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E-Mail : |
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Name : |
Mr. Aditya Ashok Kumar Khindaria |
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Designation : |
Director |
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Address : |
311, Nelson Road, Weddington, USA, 28104 |
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Date of Birth/Age : |
05.02.1970 |
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DIN No.: |
05131789 |
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s |
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Name : |
Mr. Nripjit Singh Bhagat Singh Chawla |
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Designation : |
Director |
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Address : |
C-2/13, Vasant Vihar, New Delhi – 110 057, India |
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Date of Birth/Age : |
25.12.1949 |
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DIN No.: |
00105481 |
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E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2012
|
Names of
Allottees |
Address |
No. of Shares |
|
Aditya Ashok Kumar Khindaria |
311, Nelson Road, Weddington, USA, 28104 |
9999 |
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Nripjit Singh Bhagat Singh Chawla |
C-2/13, Vasant Vihar, New Delhi – 110 057, India |
1 |
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Kare Partners
Mauritius Limited |
Mauritius |
8183348 |
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Total |
8193348 |
As on 28.12.2012
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Names of
Allottee |
Address |
No. of Shares |
|
Kare Partners
Mauritius Limited |
Mauritius |
297200 |
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|
Total |
297200 |
BUSINESS DETAILS
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Line of Business : |
Providing healthcare services. |
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 : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
8500000 |
Equity Shares |
Rs.10/- each |
Rs.85.000 millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
8490548 |
Equity Shares |
Rs.10/- each |
Rs.84.905
millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW COMPANY
LOCAL AGENCY FURTHER INFORMATION
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
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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 |
No |
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10) Designation of contact person |
No |
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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 |
No |
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20) Export / Import details (if
applicable) |
No |
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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 |
No |
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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 |
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31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
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32)
PAN of Proprietor/Partner/Director, if available |
No |
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33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
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34)
External Agency Rating, if available |
No |
PRESS RELEASES:
PANEL RAPS MOHALI POLICE FOR ‘COERCING’ NRI
RAGHAV OHRI:
Chandigarh, Tue December 04 2012, 02:39 hrs
The Punjab State Commission for NRIs has slammed the Mohali police for "coercing" an NRI to enter into a contract which is disadvantageous to him.
Observing that such misconduct by the police will act as a "deterrent for foreign investment" in the state, the commission has directed the Mohali Senior Superintendent of Police (SSP) to take "appropriate action" within three weeks.
Directions have been passed by the commission comprising Justice Arvind Kumar (retd), chairperson, and S Chattopadhyaya, ADGP-cum-member of the commission, on a complaint filed by Aditya Khindaria, a US citizen, an NRI.
In a scathing order, the commission has held "the act and conduct of Punjab Police does not give a good reflection on Punjab and could act as a deterrent for foreign investment in the State".
Reminding the police force about its duties, the commission has held "there is an obligation of the State to ensure a Rule of Law through its institutions. The primary institute on which the State relies for the maintenance of Law and Order is the police. Therefore, the police force ought to be fast, fair, honest, transparent and more accountable. NRI affairs is the priority of the Punjab government. No doubt, mediation and conciliation or alternative dispute resolution (ADR) is quite prevalent in India wherein the parties rely on such system but can't be thrusted upon a party, like the one in the present complaint, which is nothing, but prima facie a coercion".
In his complaint, the NRI has submitted that he is a chairman of Kare Partners Group India (Private) Limited (KPGI), engaged in the business of healthcare. His company, in order to promote its business interest in India, acquired 51% stake in Kamesh Bharghav Hospital and Research Centre Private Limited, known as "Silver Oaks" Hospital.
Advocate Navkiran Singh, counsel for the complainant, submitted that an agreement was signed between the complainant and three doctors. Aditya made a payment of Rs.260.000 millions out of the total Rs.520.000 millions and became a majority share holder. However, at the meeting of Board of Directors held on February 29 this year and after the resignation of two doctors, the complainant and two others were taken as directors.
Navkiran alleged that there was a difference of opinion of working of stake holders who forced the complainant to purchase the remaining shares at bloated price. He made various attempts to resolve the matter amicably. The matter is pending for arbitration before a retired Chief Justice of Punjab and Haryana High Court.
Meanwhile, one of the directors approached the Mohali SSP, seeking registration of a criminal case against the complainant and other directors. The complainant is alleging that the Mohali police is pressuring him to sign the contract failing which he will be implicated in false cases.
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.54.65 |
|
|
1 |
Rs.82.65 |
|
Euro |
1 |
Rs.71.21 |
INFORMATION DETAILS
|
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.