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Report Date : |
11.01.2014 |
IDENTIFICATION DETAILS
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Name : |
LEAKSEAL INDIA PRIVATE LIMITED |
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Registered
Office : |
A-1, Malad Yojna Apartment Co-Operative Housing Society Limited, S.V. Road, Opposite New Era Talkies, Malad - (West), Mumbai – 400064, Maharashtra |
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Country : |
India |
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Date of
Incorporation : |
23.05.2001 |
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Com. Reg. No.: |
11-132064 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U45202MH2001PTC132064 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Service provider of civil construction. |
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No. of Employees
: |
100 (Approximately) |
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 : |
Dormant |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject has been declared as dormant by the government department. The
company has not filed its financials with the government department since its
incorporation. Mr. Riyaz Shaikh, Director informed that due to legal matter
in court company has failed to file its financials. He also provided us with
all the information and also claimed that business is active and working.
However, sales turnover of the company in the FY 2011-12 is Rs.15.000
Millions and FY 12-13 is Rs.18.000 Millions, which is not verified. Payment
terms are known. Since that status of the company is shown as dormant. It can be
considered for business dealings on a safe and secured trade terms and
conditions. Note: A spoke to Mr. Riyaz Shaikh (Director), he informed that our company’s name is ‘Leakseal India Private Limited’. Its wrongly written as ‘Leakseal Seal Private Limited by the person who did filing in ROC. |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
India |
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
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn Rs.400000
million from the bandwidth auction set for January. The merger and acquisition
guidelines, cleared by a group of ministers, will be out before the auction
begins so that players can make informed decisions on the auctions.
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
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Name : |
Mr. Riyaz Shaikh |
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Designation : |
Director |
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Contact No.: |
91-9892934937 |
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Date : |
08.01.2014 |
LOCATIONS
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Registered Office : |
A-1, Malad Yojna Apartment Co-Operative Housing Society
Limited, S.V. Road, Opposite New Era Talkies, Malad - (West), Mumbai –
400064, Maharashtra, India |
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Tel. No.: |
91-22-28834702 |
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Mobile No.: |
91-9892934937 (Mr. Riyaz Shaikh) |
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Fax No.: |
91-22-28836265 |
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E-Mail : |
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Website : |
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Area : |
1000 Sq. Ft. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. R. E. Chauhan |
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Designation : |
Director |
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Name : |
Mr. Riyaz Shaikh |
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Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
NOT AVAILABLE
BUSINESS DETAILS
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Line of Business : |
Service provider of civil construction. |
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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 : |
Government Body’s ·
UTI Infrastructure Technology and Service Limited
·
Bank of Baroda ·
Bank of India |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
Citizen Credit Co-Operative Bank, Malad Branch, Mumbai, Maharashtra,
India Banker Report: Spoke to Mr.
D’Mello he informed that this company just has current account in our bank, we
don’t have any query against them. |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Bhavesh Chaitaliya and Company Chartered Accountants |
CAPITAL STRUCTURE
Authorised Capital : Rs.0.500 Million
Issued, Subscribed & Paid-up Capital : Rs.0.100 Million
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
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31.03.2013 |
31.03.2012 |
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Sales Turnover (Approximately) |
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18.000 |
15.000 |
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The above information has been parted by Mr. Riyaz Shaikh
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
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 |
Yes |
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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 |
No |
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8] |
No. of employees |
Yes |
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9] |
Name of person contacted |
Yes |
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10] |
Designation of contact person |
Yes |
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11] |
Turnover of firm for last two years |
Yes |
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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 |
Yes |
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19] |
Payments terms |
Yes |
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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 |
Yes |
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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 |
Yes |
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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 |
No |
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31] |
Date of Birth of Proprietor/Partner/Director, if available |
No |
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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 |
Note:
The Registered Office of the company has been shifted from 5, Gautam
Budh Co-Operative Housing Society, D’Souza Compound, Orlem, Malad (West),
Mumbai – 400064, Maharashtra, India to the present address but the same has not
been in the government registry.
TRADE REFERENCE
·
UTI Infrastructure Technology and Service Limited
·
Bank of Baroda, Bhandup and BKC Branch
·
Bank of India, Churchgate Branch
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
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|
1 |
Rs.102.06 |
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Euro |
1 |
Rs.84.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
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Report Prepared
by : |
VRN |
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 report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.