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Report No. : |
356298 |
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Report Date : |
29.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
CHANDRAKALA TIE UP PRIVATE LIMITED |
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Registered
Office : |
129, Arjunpur, Paschimpara Rajarhat, Gopalpur, Kolkata- 700059, West
Bengal |
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Tel. No.: |
Not Available |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Date of
Incorporation : |
11.01.2010 |
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Com. Reg. No.: |
21-140932 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U52390WB2010PTC140932 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
To carry on the business as buyers, sellers, traders, merchants, indentors, brokers, agents, commission agents, assemblers, refiners, cultivators miners, packers, stockiest, broker and sub broker, distributors, producer, advisors, hire purchasers, of and all kinds of electrical and electronics goods such as wire, cables, underground cable, main switch, electrical accessories and fittings, electrical fans, television, juicer, computers, radios, refrigerators, electronics typewriters, videos, cassettes and calculators etc. rubberized cloth food grains, dairy products, soap detergents, biscuits, surgical diagnostics medical pulsels, leather and finished leather goods, leather garments, leather products, all related items. (Registered Activity) |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Under Process of Striking off |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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Comments : |
Subject was incorporated in the year 2010 and it is Under Process of Striking off. As per our sources and investigation, we found that on incorporation of the company a certificate of registration is issued from the Government of India with the condition that the company has come into existence from the date of registration and the name of the Company is entered in the Register of Companies. Once register the name cannot be removed from the register unless the company dissolved by the process of law. But in case the company failed to commence business within one year of date of registration the company become Defunct. Registered is authorized under Section 560 to striking the name of the company or remove the name of the company from the Register of Companies. The Registrar of Companies may strike off the name of a company if it satisfies the conditions mention in Section 560 of the act. Under the fast-track scheme, a ‘Defunct Company’ is defined as one that: 1) Has no assets or Liability 2) Has not commenced any business activity or operations since incorporation. 3) Did not carry out any business activity or operations in the year before that in which t applies under the fast track scheme. Again if company is not filling its balance sheet for many years than also it will be traded as Defunct Company. In view of Under Process of Striking off, the company cannot be considered for any business dealings. Note:- Management of the company has not filed its financial with the Government Department for the year 2015, 2014, and 2013. As per Registrar of Companies the date of balance sheet (i.e. financial filed) is show as 31.03.2012 but the documents related to the financials are not been available from any sources. |
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 |
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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 |
EXTERNAL AGENCY RATING
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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 DECLINED
Unable to contact
LOCATIONS
|
Registered Office : |
129, Arjunpur, Paschimpara Rajarhat, Gopalpur, Kolkata- 700059, West
Bengal, India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
As on 31.03.2015
|
Name : |
Ms. Suman Sharma |
|
Designation : |
Director |
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Address : |
49, Ezra Street, Ground Floor, Kolkata-700001, West Bengal, India |
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Date of Appointment : |
15.05.2015 |
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DIN No.: |
00536282 |
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|
|
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Name : |
Mr. Sharvan Sharma |
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Designation : |
Director |
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Address : |
49, Ezra Street, Ground Floor, Kolkata-700001, West Bengal, India |
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Date of Appointment : |
15.05.2015 |
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DIN No.: |
00536323 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 07.01.2010
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Gopal Kumar Yadav |
5000 |
50.00 |
|
Ashoka Mujumdar |
5000 |
50.00 |
|
Total |
10000 |
100.00 |

BUSINESS DETAILS
|
Line of Business : |
To carry on the business as buyers, sellers, traders, merchants, indentors, brokers, agents, commission agents, assemblers, refiners, cultivators miners, packers, stockiest, broker and sub broker, distributors, producer, advisors, hire purchasers, of and all kinds of electrical and electronics goods such as wire, cables, underground cable, main switch, electrical accessories and fittings, electrical fans, television, juicer, computers, radios, refrigerators, electronics typewriters, videos, cassettes and calculators etc. rubberized cloth food grains, dairy products, soap detergents, biscuits, surgical diagnostics medical pulsels, leather and finished leather goods, leather garments, leather products, all related items. (Registered Activity) |
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Products : |
Not Available |
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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 : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Auditors : |
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Name : |
Mahato Prabir and Associates Chartered Accountants |
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Address : |
16/2G/1B,Dover Terrace, Kolkata-700019, West Bengal, India |
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Email : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AGZPM8354Q |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
294000 |
Equity Shares |
Rs.10/- each |
Rs. 2.940 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Million |
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|
|
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FINANCIAL DATA
[all figures are
in Rupees Million]
Not Available
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 |
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3] |
Locality of the entity |
Yes |
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4] |
Premises details |
No |
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5] |
Buyer visit details |
-- |
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6] |
Contact numbers |
No |
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7] |
Name of the person contacted |
No |
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8] |
Designation of contact person |
No |
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9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
No |
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11] |
Pan Card No. of Proprietor / Partners |
No |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
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14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
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16] |
No. of employees |
No |
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17] |
Details of sister concerns |
No |
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18] |
Major suppliers |
No |
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19] |
Major customers |
No |
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20] |
Banking Details |
No |
|
21] |
Banking facility details |
No |
|
22] |
Conduct of the banking account |
-- |
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23] |
Financials, if provided |
No |
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24] |
Capital in the business |
No |
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25] |
Last accounts filed at ROC, if applicable |
No |
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26] |
Turnover of firm for last three years |
No |
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27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
No |
|
30] |
Major shareholders, if available |
No |
|
31] |
External Agency Rating, if available |
No |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
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33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
WEBSITE DETAILS
NEWS / PRESS RELEASE
August 30 2011
On June 7 2011 the Ministry of Corporate Affairs introduced its Fast-Track Exit Scheme. The scheme is a modification of the Easy Exit Scheme and adds new guidelines to allow non-defunct companies an easy exit by having their names struck off the Register of Companies.
The Easy Exit Scheme was introduced by the Ministry of Corporate Affairs to allow defunct companies an easy exit by having their name struck off the Register of Companies, where they have been inoperative since incorporation or commenced business and subsequently became inoperative. However, there are many other companies registered under the Companies Act 1956 which commenced operation and then became inoperative, have been inoperative since incorporation or were initially operative but later became defunct. To allow such companies to benefit from such a scheme, the ministry introduced its new guidelines under the fast-track scheme. These guidelines were implemented on July 3 2011.
The registrar of companies may strike off the name of a company if it satisfies the conditions mentioned in Section 560 of the act. In addition, for a company to have its name struck off under current practice, it must apply to the registrar via E-form 61 and file all pending statutory returns alongside such e-form.
Under the fast-track scheme, a 'defunct company' is defined as one that:
Further, any defunct company that has active status or is identified as dormant by the ministry may apply to have its name struck off from the Register of Companies. Defunct government companies must submit a 'no-objection certificate', as issued by the administrative ministry or department concerned or by the state government, along with the application for striking off.
An application must be made by a defunct company (as defined above) through the Fast-Track Exit Scheme Form, annexed electronically on the ministry portal, and accompanied by a filing fee of Rs5,000.
If the application is not digitally signed by any of the directors, a manager or a secretary, a physical copy of the form must be duly completed, signed manually by a director who is authorised by the board of directors and attached with the application form at the time of its electronic filing.
In all cases, the form must be certified by a chartered accountant, company secretary or cost accountant in full-time practice.
If the applicant's name is not available in the database of directors maintained by the ministry, the application must be accompanied by a certificate from a chartered accountant, company secretary or cost accountant in full-time practice, along with his or her membership number, certifying that the applicant is a director of the company. In such cases the applicant will not be asked to file Form 32 and Form DIN3.
The company must disclose pending litigation, if any, in which the company is involved while applying under the fast-track exit scheme.
If any pending prosecutions are only for non-filing of annual returns under Section 159 of the Companies Act 1956 and a balance sheet under Section 220 of the act, such application may be accepted, provided that the applicants have already filed the compounding application. However, steps for final striking off of the company's name will be taken only after disposal of the compounding application by the competent authority.
The form must be accompanied by an affidavit that has been sworn by each director of the company before a first-class judicial magistrate, executive magistrate, oath commissioner or notary, to the effect that the company has not carried on any business since incorporation or carried out business only for a period up to a particular date (which should be specified) and then discontinued its operations.
The form must also be accompanied by an indemnity bond, duly notarised, to be given by every director individually or collectively, to the effect that any losses, claims and liabilities of the company will be met in full by every director, individually or collectively, even after the name of the company has been struck off the Register of Companies.
For foreign nationals and non-resident Indians, the indemnity bond and affidavit must be notarised under their respective national law.
The company must also file a statement of accounts prepared not more than one month before the date of filing of the application, duly certified by a statutory auditor or chartered accountant in full-time practice.
In the case of 100% government-owned companies, if no board exists, an officer of at least the rank of deputy secretary of the administrative ministry concerned is authorised to enter his or her name and other details in the forms in place of the name and other details of the directors, and to sign the relevant documents before filing.
Exceptions
The fast-track exit mode cannot be extended to several types of company. These include:
Action by registrar
of companies
Under Section 560(3) of the act, on finding an application in order, the registrar must give 30 days' notice to the company by email (sent to the email address given in the form), stating that unless cause is shown to the contrary, its name will be struck from the register and the company will be dissolved.
The registrar must also detail daily - on the Ministry of Corporate Affairs' portal - the name of any applicants and the date on which applications were made under the fast-track exit mode, giving 30 days for stakeholders to raise objections before the registrar.
For companies - such as non-banking financial companies or collective investment management companies - that are regulated by other regulators (eg, the Reserve Bank of India or the Securities and Exchange Board of India), at the end of every week the registrar must indicate to the concerned regulators and to the Income Tax Department those companies that have applied under the fast-track exit mode during that period, and allow 30 days for them to raise any objections.
Once the prescribed 30-day period has elapsed, if satisfied that the case is otherwise in order, the registrar must strike the company's name off the register and send notice (under Section 560(5) of the act) for publication in the Official Gazette. The applicant company will be considered dissolved from the date of publication of such notice. The decision of the registrar in respect of striking off the name of company is final.
On July 1 2011 the ministry also proposed a procedure for the relaxation of exit norms for non-profit companies (under Section 25 of the act) that would allow them to de-register by taking advantage of the Fast-Track Exit Scheme, provided that they fulfilled and satisfied the prescribed criteria. This move follows the ministry's receipt of representation from various stakeholders for the development of a procedure (under Section 560 of the act) for striking off names of non-profit companies that have been granted a licence under Section 25 of the act.
Such companies include those that normally receive contributions in the form of donations, such as for charitable activities. According to the proposed guidelines, a company must pass a resolution in its general meeting proposing an application to the registrar to strike off its name; such resolution must be approved by all members or shareholders. Furthermore, for a company to benefit from the scheme, it must not have commenced any activity or operation since its incorporation, should have ceased activities for more than three years or should not have received any donation, grants or contribution from anyone other than its members.
In the event that a company obtains special status from any authority - such as the Department of Income Tax, commissioner of charity or any other organisation or department of central government, state government, municipal body or any recognised authority - a 'no-objection certificate' must be obtained from the authority concerned. Furthermore, as well as any existing assets, new assets must be transferred to a similar company before it applies to the registrar for its name to be struck off. This is in line with company law, which details that when such a company is wound up, any asset or property must be transferred to "any other such company having objects similar to the objects of this company". Members or the High Court can determine the company to which the assets must be transferred.
In addition, the company's balance sheets must be up to date and it must have filed its annual returns. The latest balance sheet should show no assets or liabilities. Under the Fast-Track Exit Scheme guidelines, the directors must file an affidavit and indemnity bond, and a certificate must be taken from its practising chartered accountant, company secretary or cost accountant certifying compliance by the company.
The ministry invited comments on the proposed guidelines by July 15 2011 from all persons; as such, the proposal is still pending implementation.
Central Government Act
Section 560 in The Companies Act, 1956
560. Power of Registrar to strike defunct company off register.
(1) Where the Registrar has reasonable cause to believe that a company is not carrying on- business or in operation, he shall send to the company by post a letter inquiring whether the company is carrying on business or in operation.
(2) If the Registrar does not within one month of sending the letter receive any answer thereto, he shall, within fourteen days after the expiry of the month, send to the company by post a registered
letter referring to the first letter, and stating that no answer thereto has been received and that, if an answer is not received to the second letter within one month from the date thereof, a notice will be published in the Official Gazette with a view to striking the name of the company off the register.
(3) If the Registrar either receives an answer from the company to the effect that it is not carrying on business or in operation, or does not within one month after sending the second letter receive any answer, he may publish in the Official Gazette, and send to the company by registered post, a notice that, at the expiration of three months from the date of that notice, the name of the company mentioned therein will, unless cause is shown to the contrary, be struck off the resister and the company will be dissolved.
(4) If, in any case where a company is being wound up, the Registrar has reasonable cause to believe either that no liquidator is acting, or that the affairs of the company have been completely wound up, and any returns required to be made by the liquidator have not been made for a period of six consecutive months, the Registrar shall publish in the Official Gazette and send to the company or the liquidator, if any, a like notice as is provided in subsection (3).
(5) At the expiry of the time mentioned in the notice referred to in sub- section (3) or (4), the Registrar may, unless cause to the contrary is previously shown by the company, strike its name off the register, and shall publish notice thereof in the Official Gazette; and on the publication in the Official Gazette of this notice, the company shall stand dissolved: Provided that-
(a) the liability, if any, of every director, the managing agent, secretaries and treasurers, manager or other officer who was exercising any power of management, and of every member of the company, shall continue and may be enforced as if the company had not been dissolved; and
(b) nothing in this sub- section shall affect the power of the Court to wind up a company the name of which has been struck off the register.
(6) If a company, or any member or creditor thereof, feels aggrieved by the company having been struck off the register, the Court, on an application made by the company, member or creditor before the expiry of twenty years from the publication in the Official Gazette of the notice aforesaid, may, if satisfied that the company was, at the
time of the striking off, carrying on business or in operation or otherwise that it is just that the company be restored to the register, order the name of the company to be restored to the register; and the Court may, by the order, give such directions and make such provisions as seem just for placing the company and all other persons in the same position as nearly as may be as if the name of the company had not been struck off.
(7) Upon a certified copy of the order under sub- section (6) being delivered to the Registrar for registration, the company shall be deemed to have continued in existence as if its name had not been struck off.
(8) A letter or notice to be sent under this section to a company may be addressed to the company at its registered office, or if no office has been registered, to the care of some director, the managing agent, secretaries and treasurers, manager or other officer of the company, or if there is no director, managing agent, secretaries and treasurers, manager or officer of the company whose name and address are known to the Registrar, may be sent to each of the persons who subscribed the memorandum, addressed to him at the address mentioned in the memorandum.
(9) A notice to be sent under this section to a liquidator may be addressed to the liquidator at his last known place of business.
PART VIII APPLICATION OF ACT TO COMPANIES FORMED OR REGISTERED UNDER PREVIOUS COMPANIES LAWS
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.66.14 |
|
|
1 |
Rs.98.69 |
|
Euro |
1 |
Rs.72.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYTK |
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.