MIRA INFORM REPORT
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Report No. : |
353468 |
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Report Date : |
08.12.2015 |
IDENTIFICATION DETAILS
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Name : |
INNOVATIVE CONTAINER SERVICES PRIVATE LIMITED |
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Registered
Office : |
1-7-396/397, 1st Floor, Jain Estates, Parklane, Secunderabad
– 500003, Telangana |
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Tel. No.: |
91-40-66336222 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
04.06.2013 |
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Com. Reg. No.: |
36-088135 |
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Capital Investment
/ Paid-up Capital : |
Rs.3.500 Million |
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CIN No.: [Company Identification
No.] |
U74140TG2013PTC088135 |
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IEC No.: |
Not Applicable (As claimed by company management that company does not export and import) |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCI2603M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing container freight station services, logistic services. (Confirmed by management) |
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No. of Employees
: |
7 (Approximately) |
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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Maximum Credit Limit : |
USD 10000 |
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Status : |
Yet to commence its business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company incorporated in the year 2013. However as claimed by Mr. Krishna B. (Accountant), the company will commence its business operations from January 2016. It is expected to provide container freight station services and logistic services. It has authorised share capital of Rs.45.000 million and share capital of Rs.36.000 million and has not taken any external borrowings. In view of aforesaid, the company can be considered for business dealings with fully safe and secured trade terms and condition, initially. |
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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Krishna B. |
|
Designation : |
Accountant |
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Contact No.: |
91-9866869000 |
|
Date : |
03.10.2015 |
LOCATIONS
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Registered Office : |
1-7-396/397, 1st Floor, Jain Estates, Parklane,
Secunderabad – 500003, Telangana, India |
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Tel. No.: |
91-40-66336222 |
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Mobile No.: |
91-9866869000 (Mr. Krishna B.) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
www.innovativecfs.com
(under construction) |
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Area : |
1650 Sq ft |
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Location : |
Rented |
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Locality: |
Commercial |
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Factory : |
Suryaraopet (Village) H/o Thammavaram Sivar, Kakinada Rural Mandal, East
Godavari District, Andhra Pradesh, India |
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Location : |
Owned |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Ketineni Sayaji Rao |
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Designation : |
Director |
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Address : |
Plot No-47, Phase-1, Road-4, Gunrock Enclave, Secundrabad,
500009, Telangana, India |
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Date of Birth/Age : |
19.07.1960 |
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Qualification : |
MBA |
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Experience : |
32 Years |
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Date of Appointment : |
04.06.2013 |
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DIN No.: |
01045817 |
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Other
Directorship:
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Name : |
Mr. Ketineni Satish Rao |
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Designation : |
Director |
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Address : |
Plot No-47, Phase-1, Road-4, Gunrock Enclave, Secundrabad,
500009, Telangana, India |
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Date of Birth/Age : |
04.10.1986 |
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Qualification : |
MBA |
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Experience : |
8 Years |
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Date of Appointment : |
04.06.2013 |
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DIN No.: |
02435513 |
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Other
Directorship:
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Name : |
Ms. Ketineni Suchita Rao |
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Designation : |
Director |
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Address : |
Plot No-47, Phase-1, Road-4, Gunrock Enclave, Secundrabad,
500009, Telangana, India |
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Date of Birth/Age : |
05.02.1985 |
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Qualification : |
MBA |
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Experience : |
6 Years |
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Date of Appointment : |
30.09.2014 |
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DIN No.: |
06585213 |
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Other
Directorship:
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KEY EXECUTIVES
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Name : |
Mr. Krishna B. |
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Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2015
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Ketineni Sayaji Rao |
25000 |
0.69 |
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Ketineni Satish Rao |
12500 |
0.35 |
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Ketineni Suchita Rao |
12500 |
0.35 |
|
Innovative Tech Pack Limited, India |
3550000 |
98.61 |
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Total |
3600000 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing container freight station services, logistic services. (Confirmed by management) |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Depends |
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Purchasing : |
Depends |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Corporate
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No. of Employees : |
7 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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Name : |
Sekhar and Suresh Chartered Accountants |
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Address : |
133/4, Rashtrapathi Road, Secunderabad – 500003, Telangana,
India |
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Tel. No.: |
91-40-27533269/66323545 |
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Fax No.: |
91-40-27538204 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAOFS2780F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Innovative Tech
Pack Limited CIN: L74899HR1989PLC032412 Registered Office: Plot No. - 51, Roz Ka Meo Industrial Area, Sohna, Distt. Gurgaon 122103, Haryana, India Website www.itplgroup.com Email.:grievence@itpalgroup.com Tel. No: 011-26427394/26473490 Fax: 011-26477929 Jauss Polymers
Limited CIN:L74899DL1987PLC027007 Registered Office: 1111, Chiranjiv Tower, 43, Nehru Place, New Delhi – 110019, India Website www.jausspolymers.com Email.: response@jausspolymes.com Tel No. 011-91-11-26427394, FAX: 011-26477929 Innovative Datamatics Limited. Innovative House, 6-3-663/G, Panjagutta, Hyderabad-500082, Telangana, India. Tele No: 66335222. Satyam Brothers and Company, 7-1-208/2,157, Ameerpet Satyam 70mm AC theatre. - 500042 Telangana, India. |
CAPITAL STRUCTURE
AS ON 30.09.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
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|
4500000 |
Equity Shares |
Rs.10/- each |
Rs. 45.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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3600000 |
Equity Shares |
Rs.10/- each |
Rs. 36.000
Million |
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AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
600000 |
Equity Shares |
Rs.10/- each |
Rs. 6.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
350000 |
Equity Shares |
Rs.10/- each |
Rs. 3.500
Million |
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NOTE:
|
RECONCILIATION
OF EQUITY SHARES |
AS AT 31.03.2015 |
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|
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Equity shares at the beginning of the year |
50000 |
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Add: shares Alloted/Issued in current year |
300000 |
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Less: Shares cancelled on buy back of the
Equity shares |
NIL |
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Equity shares at the end of the eyar |
350000 |
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LIST OF
SHAREHOLDERS ABOVE 5% |
NO. SHARES |
% HELD |
|
|
|
|
|
Innovative Teck Pack Limited |
300000 |
85.71 |
|
K Sayaji Rao |
25000 |
7.14 |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
|
31.03.2015 |
31.03.2014 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
|
3.500 |
0.500 |
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(b) Reserves & Surplus |
|
0.000 |
0.000 |
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(c) Money received against
share warrants |
|
0.000 |
0.000 |
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(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
|
3.500 |
0.500 |
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(3) Non-Current Liabilities |
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|
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(a) long-term borrowings |
|
0.000 |
0.000 |
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(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
|
0.000 |
0.000 |
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(4) Current Liabilities |
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|
|
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(a) Short term borrowings |
|
0.400 |
0.000 |
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(b) Trade payables |
|
0.000 |
0.000 |
|
(c) Other current liabilities |
|
0.639 |
0.015 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
|
1.039 |
0.015 |
|
|
|
|
|
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TOTAL |
|
4.539 |
0.515 |
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|
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II.
ASSETS |
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|
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(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
0.210 |
0.000 |
|
(ii) Intangible Assets |
|
3.537 |
0.176 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.002 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
3.749 |
0.176 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
0.000 |
0.000 |
|
(d) Cash and cash equivalents |
|
0.388 |
0.338 |
|
(e) Short-term loans and
advances |
|
0.402 |
0.001 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
0.790 |
0.339 |
|
|
|
|
|
|
TOTAL |
|
4.539 |
0.515 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
Cash generated from operations |
|
NA |
NA |
|
Net cash flows from (used in) operations |
|
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2015 |
31.03.2014 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
0.11 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
0.76 |
22.60 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
0.500 |
3.500 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Money received against share
warrants |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
|
Net
worth |
0.500 |
3.500 |
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.400 |
|
Total
borrowings |
0.000 |
0.400 |
|
Debt/Equity
ratio |
0.000 |
0.114 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
No |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
No |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX
OF CHARGES: NO CHARGES EXIST FOR COMPANY
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.66.63 |
|
UK Pound |
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.72.40 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
KVT |
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.