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Report Date : |
15.05.2013 |
IDENTIFICATION DETAILS
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Name : |
SATELLITE OVERSEAS (HOLDINGS) LIMITED |
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Formerly Known As : |
CADILA OVERSEAS (HOLDINGS) LIMITED |
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Registered Office : |
7 Hill Street, Douglas IM1 1EF |
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Country : |
Isle of Man |
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Date of Incorporation : |
17.05.1993 |
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Com. Reg. No.: |
062931C |
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Legal Form : |
Private Company Limited by Shares |
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Line of Business : |
Investment Company and Commission Agents |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ISLE OF MAN - ECONOMIC OVERVIEW
Offshore banking, manufacturing, and tourism are key sectors
of the economy. The government offers low taxes and other incentives to
high-technology companies and financial institutions to locate on the island;
this has paid off in expanding employment opportunities in high-income
industries. As a result, agriculture and fishing, once the mainstays of the economy,
have declined in their contributions to GDP. The Isle of Man also attracts
online gambling sites and the film industry. Trade is mostly with the UK. In
January 2013, the Isle of Man signed a tax agreement with Guernsey and Jersey,
in order to enable the islands' authorities to end tax avoidance and evasion.
The Isle of Man enjoys free access to EU markets.
Source
: CIA
EXECUTIVE SUMMARY
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Date registered: |
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Legal form: |
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Main activities: |
Investment company and commission agents (registered activity) |
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Employees: |
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REGISTRY DATA
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Key Facts |
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Date registered: |
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Legal form: |
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Registration no: |
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Registry auth. |
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Registry status: |
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Previous names: |
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Additional Comments:
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Analysis |
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Organisational structure is undetermined |
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Management experience is undetermined |
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No detrimental found |
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Financial performance is undetermined |
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Operational trend is undetermined |
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Payment punctuality is undetermined |
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MANAGEMENT |
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Name: |
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Name: |
Rajiv Indravadan Modi |
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Job Title: |
Director |
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BOARD OF DIRECTORS / OTHER APPOINTMENTS |
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Name: |
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Board function: |
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Date appointed: |
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Address: |
New Sharda Mandir Road Ahmedabad 380007 Gujarat India |
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Name: |
Rajiv Indravadan Modi |
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Board function: |
Director |
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Address: |
13 Sanjiv Baug New Sharda Mandir Road Ahmedabad 380007 Gujarat India |
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Name: |
BARLEIGH WELLS LIMITED |
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Board function: |
Company Secretary |
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Address: |
London EC1V 2QQ United Kingdom |
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LEGAL FILINGS |
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Bankruptcy Filings: |
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Court Judgements: |
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Tax Liens: |
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Other: |
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SHARE CAPITAL |
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Composition |
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Authorised: |
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Number/type: |
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Share value: |
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Issued: |
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Paid-up: |
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Shareholders/Owners |
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How Listed |
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Sarkhej-Dholka Road Bhat Ahmedabad 382210 India |
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Name: |
Rajiv Indravadan Modi |
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No. of shares: |
2 ordinary shares |
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Address: |
13 Sanjiv Baug New Sharda Mandir Road Ahmedabad 380007 Gujarat India |
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PAYMENTS |
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Debt
Collections/ Judgements |
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Payment
Experience |
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Payment
Behaviour: |
As trade references
were not supplied, the Subject's payment track record history CANNOT BE
ACCURATELY DETERMINED. |
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CORPORATE AFFILIATIONS |
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Sarkhej-Dholka Road Bhat Ahmedabad 382210 India |
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FINANCIAL ACCOUNTS |
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Description |
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Required to file: |
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Source: |
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Comments |
The Subject's financial statements were not available in the course of
our investigation. |
N/a
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Staff |
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No of employees |
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INVESTIGATIVE NOTES |
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Sources: |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.63 |
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1 |
Rs.83.67 |
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Euro |
1 |
Rs.71.02 |
INFORMATION DETAILS
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Report
Prepared by : |
NIT |
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 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.