MIRA INFORM REPORT
|
Report Date : |
18.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
CLEANERGEN PROJECTS PRIVATE LIMITED (w.e.f 19.08.2012) |
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Formerly Known
As : |
CLEANERGEN HYDRO PROJECTS PRIVATE LIMITED |
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Registered
Office : |
K – 97A, 1st Floor, Kakkaji, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
16.03.2012 |
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Com. Reg. No.: |
55-233022 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U40106DL2012PTC233022 |
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TIN: |
07090467041 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAECC9616K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Renewable energy developer and consultant with primary focus in the domains
of solar power and small hydro power. We develop solar power generation
assets at most feasible locations and small hydro power generation assets at
run-of-the river, existing dams and waterways that are low-cost, have low
environmental and social impact and provide sound investment returns. We
specialize, as developers and consultants, in providing high-level strategic
services on the development of solar power & small hydro power projects |
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|
|
|
No. of Employees
: |
8 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
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 : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Even though the company was incorporated during 2012 the company is yet
to commerce with its operation. It is Having a moderate track record. Mr. Mohammed Zahid Sidduqui Director provide general information and
claimed that the company will commenced with its commercial operation from
April 2015. As per registrar of companies the status of the company is shown as
active. Payment terms are unknown. The company can be considered for business dealings on a 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, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Mohammad Zahid Sidhiqui |
|
Designation : |
Director |
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Contact No.: |
91-9999007618 |
|
Date : |
17.12.2014 |
LOCATIONS
|
Registered Office : |
K – 97A, 1st Floor, Kakkaji, New Delhi – 110019, India |
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Tel. No.: |
91-11-26845200 |
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Mobile No.: |
91-9893301099/9923592918/9999007618 (Mr. Mohammad Zahid Sidhiqui) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
A – 77, DDA Sheds, Okhla Idnustrial Area, PH – II, New Delhi – 110020,
India |
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Tel. No.: |
91-11-65967700 |
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Branches : |
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DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Siddiqui Zahid Mohammad |
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Designation : |
Director |
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Address : |
K/97A, 1 Floor, Kalkaji, New Delhi – 110019, India |
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Date of Birth/Age : |
01.07.1976 |
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Date of Appointment : |
16.03.2012 |
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DIN No.: |
00197050 |
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Name : |
Mrs. Rubeena Zahid |
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Designation : |
Director |
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Address : |
K/97A, 1 Floor, Kalkaji, New Delhi – 110019, India |
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Date of Birth/Age : |
24.02.1977 |
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Date of Appointment : |
11.09.2012 |
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DIN No.: |
05185723 |
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|
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|
Name : |
Mr. Sandip Sharma |
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Designation : |
Director |
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Address : |
P 181 Sector 23, Sanjay Nagar, Ghaziabad – 201002, Uttar Pradesh,
India |
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Date of Birth/Age : |
10.05.1956 |
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Date of Appointment : |
30.05.2013 |
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DIN No.: |
02845910 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Siddiqui Zahid Mohammad |
6500 |
65.00 |
|
Rubeena Zahid |
3500 |
35.00 |
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|
|
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Total |
10000 |
100.00 |
As on: 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Renewable energy developer and consultant with primary focus in the
domains of solar power and small hydro power. We develop solar power
generation assets at most feasible locations and small hydro power generation
assets at run-of-the river, existing dams and waterways that are low-cost,
have low environmental and social impact and provide sound investment
returns. We specialize, as developers and consultants, in providing
high-level strategic services on the development of solar power & small
hydro power projects |
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Products : |
- |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Applicable |
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Imports : |
Not Applicable |
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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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Suppliers : |
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Customers : |
Retailers and Others
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No. of Employees : |
8 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
SKSPJ and Associates Chartered Accountant |
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Address : |
104 – A, Pocket – A1, Mayur Vihar – 111, Delhi - 110096, India |
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PAN No.: |
ABZFS3089D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Divulged |
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Sister Concern: |
Not Divulged |
CAPITAL STRUCTURE
As on: 30.09.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Millions |
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FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
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|
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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 |
|
|
(0.417) |
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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) |
|
|
(0.317) |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
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|
0.000 |
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(b) Deferred tax
liabilities (Net) |
|
|
0.000 |
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(c) Other long term
liabilities |
|
|
0.000 |
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(d) long-term provisions |
|
|
0.000 |
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Total Non-current
Liabilities (3) |
|
|
0.000 |
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
0.425 |
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(b) Trade payables |
|
|
0.000 |
|
(c) Other current
liabilities |
|
|
0.000 |
|
(d) Short-term provisions |
|
|
0.011 |
|
Total Current Liabilities
(4) |
|
|
0.436 |
|
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|
|
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TOTAL |
|
|
0.119 |
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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 |
|
|
0.000 |
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(iv) Intangible assets
under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
0.000 |
|
(c) Deferred tax assets
(net) |
|
|
0.006 |
|
(d) Long-term Loan and Advances |
|
|
0.000 |
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(e) Other Non-current
assets |
|
|
0.000 |
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Total Non-Current Assets |
|
|
0.006 |
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(2) Current assets |
|
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(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
0.000 |
|
(c) Trade receivables |
|
|
0.000 |
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(d) Cash and cash
equivalents |
|
|
0.100 |
|
(e) Short-term loans and
advances |
|
|
0.013 |
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(f) Other current assets |
|
|
0.000 |
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Total Current Assets |
|
|
0.113 |
|
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|
|
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TOTAL |
|
|
0.119 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2013 |
|
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|
SALES |
|
|
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|
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|
|
Income |
|
|
0.000 |
|
|
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Other Income |
|
|
0.000 |
|
|
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TOTAL (A) |
|
|
0.000 |
|
|
|
|
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Less |
EXPENSES |
|
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|
Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL (B) |
|
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(0.423) |
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Less |
PROFIT/LOSS
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
(0.423) |
|
|
|
|
|
|
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|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
0.000 |
|
|
|
|
|
|
|
|
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|
PROFIT/LOSS
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
(0.423) |
|
|
|
|
|
|
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
0.000 |
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|
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|
PROFIT/LOSS
BEFORE TAX (E-F) (G) |
|
|
(0.423) |
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|
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|
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Less |
TAX (H) |
|
|
(0.006) |
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PROFIT/LOSS
AFTER TAX (G-H) (I) |
|
|
(0.417) |
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|
Earnings Per
Share (Rs.) |
|
|
(41.76) |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2013 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
(374.34) |
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|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
1.33 |
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Debt Equity Ratio (Total Debt /Networth) |
|
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|
(1.34) |
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Current Ratio (Current Asset/Current Liability) |
|
|
|
0.26 |
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 year |
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) |
No |
|
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 |
No |
|
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 |
OPERATIONS
During the year company has incurred net loss after tax of Rs. 0.417
Millions
UNSECURED LOAN
|
|
|
As
on 31.03.2013 (Rs.
In Millions) |
|
Short Term
Borrowing |
|
|
|
Loan from related Parties |
|
0.425 |
|
Total |
|
0.425 |
INDEX OF CHARGES: NO CHARGES
EXIST FOR THE 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.63.58 |
|
|
1 |
Rs.99.98 |
|
Euro |
1 |
Rs.79.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
- |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
11 |
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%)
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.