MIRA INFORM REPORT

 

 

Report No. :

320466

Report Date :

11.05.2015

 

IDENTIFICATION DETAILS

 

Name :

AASSEM MULTITRADE PRIVATE LIMITED

 

 

Registered Office :

204, 2nd Floor, Marine Chambers, Opposite S.N.D.T., Mahila College, New Marine Lines, Mumbai – 400020, Maharashtra

Tel. No.:

91-22-65040987

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

31.05.2011

 

 

Com. Reg. No.:

11-218095

 

 

Capital Investment / Paid-up Capital :

Rs.0.100 Million

 

 

CIN No.:

[Company Identification No.]

U52399MH2011PTC218095

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader Of All Types Of Fabrics

 

 

No. of Employees :

Not Available

 

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having moderate track record.

 

As per Registrar of companies the date of balance sheet i.e. financials filed is shown as 31st March, 2014 but the documents related to the financials for the year 2014 is not available from any source.

 

Business is active as per status shown in the registrar of companies. Payment terms are unknown.

 

The company can be considered for business dealings on safe and 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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

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 DENIED BY

 

Name :

Ms. Anita

Designation :

Account Department

Contact No.:

91-22-65040987

Date :

30.04.2015

 

 

LOCATIONS

 

Registered Office :

204, 2nd Floor, Marine Chambers, Opposite S.N.D.T., Mahila College, New Marine Lines, Mumbai – 400020, Maharashtra, India

Tel. No.:

91-22-65040987

Fax No.:

91-22-22003912

E-Mail :

morarka08@rediffmail.com

realstone_exports@yahoo.co.in

acs.gaurangshah@gmail.com

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Sushil Ratanlal Moraka

Designation :

Additional Director

Address :

24-B, Morarka House, Ground Floor, ML. Dahanukar Marg, Mumbai -400026, Maharashtra, India

Date of Appointment :

02.09.2013

DIN No.:

01399879

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U21090KA1979PLC003469

TUNGABHADRA PULP AND BOARD MILLS LIMITED

Director

27-08-1979

27-08-1979

-

Active

NO

2

U72900KA1968PLC001768

ID INFO BUSINESS SERVICES LIMITED

Director

28-02-1986

28-02-1986

-

Active

NO

3

U17110MH1910PLC000316

BEHARILAL RAMCHARAN COTTON MILLS LTD

Director

24-12-1986

24-12-1986

31-07-2010

Active

NO

4

U34300RJ1982PLC002434

RAJASTHAN XLO SANWA MIDLAND LIMITED

Director

02-03-1994

02-03-1994

-

Active

NO

5

U67120MH1996PLC097779

CANDY HOLDINGS LIMITED

Director

29-02-1996

29-02-1996

-

Active

NO

6

U41000DL1996PLC081141

CANDY FILTERS (DELHI) LIMITED

Director

13-08-1996

13-08-1996

-

Active

NO

7

U29197MH1997PLC105309

CANDY FILTERS (BOMBAY) LIMITED

Director

21-01-1997

21-01-1997

-

Active

NO

8

U25199DL2001PTC111312

ARCHIT PLASTIC PRIVATE LIMITED

Director

11-01-2002

11-01-2002

-

Active

NO

9

U45200MH1994PLC078774

RIGVEDA PROPERTIES LTD

Director

11-05-2002

11-05-2002

-

Active

NO

10

U67120MH1995PTC088818

AQUASTEL WATER PURIFICATION SYSTEMS PRIVATE LIMITED

Director

11-05-2002

11-05-2002

-

Active

NO

11

U15424KA1993PLC014860

HEMAKUTA SUGAR & ALLIED INDUSTRIES LIMITED

Director

07-12-2002

07-12-2002

-

Active

NO

12

U51900MH1966PLC013539

AMALGAMATED COMMERCIAL TRADERS LIMITED

Director

20-10-2003

20-10-2003

-

Active

NO

13

U51909MH2004PTC146195

Pranami Trading Private Limited

Director

08-07-2004

08-07-2004

-

Active

NO

14

U27100MH1986PLC040723

DURALLOY CUTTERS LIMITED

Director

28-03-2005

28-03-2005

-

Active

NO

15

U29220MH1983PLC029536

PARK TOOLS LIMITED

Director

28-03-2005

28-03-2005

-

Active

NO

16

U29220MH1984PLC034101

BELL TOOLS LTD

Director

28-03-2005

28-03-2005

-

Active

NO

17

U51909MH2003PLC140398

REALSTONE EXPORTS LIMITED

Director

26-04-2006

26-04-2006

-

Active

NO

18

U32109MH1973PTC016792

ALCON ELECTRONICS PRIVATE LIMITED

Director

01-09-2006

01-09-2006

-

Active

NO

19

U31909MH2004PTC148945

ALCAP ELECTRONICS PRIVATE LIMITED

Director

01-09-2006

01-09-2006

-

Active

NO

20

U51909MH2004PLC146061

UTKANTHA TRADING AND PROPERTIES LIMITED

Director

15-08-2007

15-08-2007

-

Active

NO

21

U52110DL1963PLC003965

P S Jain Solutions Limited

Additional director

01-01-2008

01-01-2008

-

Active

NO

22

U50103PB1953PLC001784

P S JAIN MOTOR CO PUNJAB LTD

Additional director

01-01-2008

01-01-2008

-

Active

NO

23

U51909MH2008PTC182295

SIDDHPAD TRADING PRIVATE LIMITED

Director

02-07-2008

02-07-2008

31-01-2013

Active

NO

24

U51109MH2008PTC178620

CITYBASE MULTITRADE PRIVATE LIMITED

Director

02-07-2008

02-07-2008

31-01-2013

Active

NO

25

U93000MH2009PLC195109

SWIFT IT INFRASTRUCTURE & SERVICES LIMITED

Director

20-08-2009

20-08-2009

31-03-2010

Amalgamated

NO

26

U93000MH2009PTC195220

MINTAGE SOLUTIONS PRIVATE LIMITED

Director

25-08-2009

25-08-2009

31-03-2010

Active

NO

27

U72200DL1996PTC079563

INTERACTIVE WORLD PRIVATE LIMITED

Director

30-09-2010

30-09-2010

-

Active

NO

28

U34300RJ1982PLC002480

XLO UNITED CLUTCH PRODUCTS LTD

Director

03-03-2011

03-03-2011

-

Active

NO

29

U52399MH2011PTC218095

AASSEM MULTITRADE PRIVATE LIMITED

Additional director

02-09-2013

31-05-2011

-

Active

NO

 

 

Name :

Mr. Baikunthnath Pritamji Chaturvedi

Designation :

Director

Address :

Chaube Bhavan, 69E Bhuleshwar, Mumbai – 400002, Maharashtra, India 

Date of Birth/Age :

01.07.1950

Date of Appointment :

04.10.2012

DIN No.:

01423812

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U34300RJ1982PLC002434

RAJASTHAN XLO SANWA MIDLAND LIMITED

Director

02-03-1994

02-03-1994

03-03-2011

Active

NO

2

U51900MH1966PLC013539

AMALGAMATED COMMERCIAL TRADERS LIMITED

Director

07-05-2004

07-05-2004

-

Active

NO

3

U99999MH1994PLC081198

SOUMIL TECHNOLOGIES LIMITED

Director

06-01-2006

06-01-2006

-

Dormant

NO

4

U51909MH2004PLC146061

UTKANTHA TRADING AND PROPERTIES LIMITED

Director

15-08-2007

15-08-2007

-

Active

NO

5

U67120MH1996PLC097779

CANDY HOLDINGS LIMITED

Director

25-08-2007

25-08-2007

-

Active

NO

6

U29220MH1983PLC029536

PARK TOOLS LIMITED

Director

02-08-2008

02-08-2008

-

Active

NO

7

U21090KA1979PLC003469

TUNGABHADRA PULP AND BOARD MILLS LIMITED

Director

02-08-2008

02-08-2008

-

Active

NO

8

U29220MH1984PLC034101

BELL TOOLS LTD

Director

04-08-2008

04-08-2008

-

Active

NO

9

U29197MH1997PLC105309

CANDY FILTERS (BOMBAY) LIMITED

Director

11-04-2009

11-04-2009

-

Active

NO

10

U93000MH2009PLC195109

SWIFT IT INFRASTRUCTURE & SERVICES LIMITED

Director

20-08-2009

20-08-2009

31-03-2010

Amalgamated

NO

11

U93000MH2009PTC195220

MINTAGE SOLUTIONS PRIVATE LIMITED

Director

25-08-2009

25-08-2009

31-03-2010

Active

NO

12

U65993RJ1978PLC001826

PINK CITY INVESTMENT CO LTD

Additional director

25-03-2010

25-03-2010

18-07-2012

Active

NO

13

U74999MH2006PTC159814

DURA BARREL PACKAGING PRIVATE LIMITED

Director

16-02-2011

16-02-2011

-

Active

NO

14

U52399MH2011PTC218095

AASSEM MULTITRADE PRIVATE LIMITED

Director

04-10-2012

04-10-2012

-

Active

NO

15

U51909MH2008PTC182295

SIDDHPAD TRADING PRIVATE LIMITED

Director

21-01-2013

21-01-2013

-

Active

NO

16

U51109MH2008PTC178620

CITYBASE MULTITRADE PRIVATE LIMITED

Director

21-01-2013

21-01-2013

-

Active

NO

17

U15424KA1993PLC014860

HEMAKUTA SUGAR & ALLIED INDUSTRIES LIMITED

Director

05-12-2014

05-12-2014

-

Active

NO

 

 

Name :

Mr. Basheer D Ahmed

Designation :

Director

Address :

8, Husalli Factory Area, Husalli, Koppal – 583234, Karnataka, India 

Date of Birth/Age :

04.07.1948

Date of Appointment :

04.10.2012

DIN No.:

02569145

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U51900MH1966PLC013539

AMALGAMATED COMMERCIAL TRADERS LIMITED

Director

30-10-2004

30-10-2004

-

Active

NO

2

U72200DL1996PTC079563

INTERACTIVE WORLD PRIVATE LIMITED

Director

04-10-2005

04-10-2005

-

Active

NO

3

U36911DL2001PLC111311

MUNIRABAD TRADING LIMITED

Director

31-07-2009

31-07-2009

-

Active

NO

4

U15424KA1993PLC014860

HEMAKUTA SUGAR & ALLIED INDUSTRIES LIMITED

Director

16-11-2010

16-11-2010

-

Active

NO

5

U74999MH2006PTC159814

DURA BARREL PACKAGING PRIVATE LIMITED

Director

16-02-2011

16-02-2011

-

Active

NO

6

U52399MH2011PTC218095

AASSEM MULTITRADE PRIVATE LIMITED

Director

04-10-2012

04-10-2012

-

Active

NO

7

U29197MH1997PLC105309

CANDY FILTERS (BOMBAY) LIMITED

Director

21-01-2013

21-01-2013

-

Active

NO

8

U29220MH1984PLC034101

BELL TOOLS LTD

Director

21-01-2013

21-01-2013

-

Active

NO

9

U29220MH1983PLC029536

PARK TOOLS LIMITED

Director

21-01-2013

21-01-2013

-

Active

NO

10

U51909MH2008PTC182295

SIDDHPAD TRADING PRIVATE LIMITED

Director

21-01-2013

21-01-2013

-

Active

NO

11

U51109MH2008PTC178620

CITYBASE MULTITRADE PRIVATE LIMITED

Director

21-01-2013

21-01-2013

-

Active

NO

12

U27100MH1986PLC040723

DURALLOY CUTTERS LIMITED

Director

21-01-2013

21-01-2013

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Ms. Anita

Designation :

Account Department

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders

No. of Shares

%age holding

Abhishek Sushil Morarka

5000

50.00

Vandana Sushil Morarka

5000

50.00

Total

10000

100.00

 

 

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2014

 

Category

Percentage

Directors or relatives of Directors

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Trader Of All Types Of Fabrics

 

 

Products :

  • Fabrics

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Not Available

 

 

Bankers :

Bank Name

Not Divulged

Branch

Not Divulged

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

Auditors :

 

Name :

Vishnu Kumar Agarwal

Chartered Accountant

Address :

145, Dady Seth Agiary Lane, 8, Shiv Niwas, Mumbai – 400002, Maharashtra, India

Tel. No.:

91-11-22082442 / 40227571

E-Mail :

Vishnukumar_agarwal@hotmail.com

PAN N Income-tax PAN of auditor or auditor's firm :

ABJPA2377E

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates Companies:

  • Bell Tools Limited
  • Realstone Exports Limited
  • Park Tools Limited
  • Candy Filers (Bombay) Limited
  • City base Multitrade Private Limited
  • Candy Holding Limited
  • Utkantha Trading Limited
  • Dura Barrel Packaging Limited
  • Muniradad Trading Limited

 


 

CAPITAL STRUCTURE

 

As on 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

Rs.10/- each

Rs.0.100 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

Rs.10/- each

Rs.0.100 Million

 

 

 

 

 

 


 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2013

31.03.2012

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

 

0.100

0.100

(b) Reserves & Surplus

 

0.145

0.066

(c) Money received against share warrants

 

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

 

0.000

0.000

Total Shareholders’ Funds (1) + (2)

 

0.245

0.166

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

 

0.040

0.040

(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

Total Non-current Liabilities (3)

 

0.040

0.040

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

 

0.000

0.000

(b) Trade payables

 

915.138

542.810

(c) Other current liabilities

 

0.048

0.020

(d) Short-term provisions

 

0.037

0.029

Total Current Liabilities (4)

 

915.223

542.859

 

 

 

 

TOTAL

 

915.508

543.065

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

0.000

0.000

(ii) Intangible Assets

 

0.000

0.000

(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)

 

0.000

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

 

0.000

0.000

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

 

0.000

0.000

(b) Inventories

 

822.298

43.946

(c) Trade receivables

 

91.754

351.891

(d) Cash and cash equivalents

 

0.231

0.428

(e) Short-term loans and advances

 

0.000

0.000

(f) Other current assets

 

1.225

146.800

Total Current Assets

 

915.508

543.065

 

 

 

 

TOTAL

 

915.508

543.065

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

 

SALES

 

 

 

Income

 

 

 

 

 

Other Income

 

 

 

 

 

TOTAL                                    

 

738.070

612.425

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

 

737.951

612.329

 

 

 

 

 

 

PROFIT BEFORE TAX           

 

0.119

0.096

 

 

 

 

 

Less

TAX                                                                 

 

0.04

0.030

 

 

 

 

 

 

PROFIT AFTER TAX

 

0.079

0.066

 

 

 

 

 

 

Earnings Per Share (Rs.)

 

7.89

6.62

 

 

 

KEY RATIOS

 

PARTICULARS

 

 

 

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Turnover)

(%)

 

0.10

0.01

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

 

0.00

0.02

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

 

0.49

0.58

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

 

0.16

0.24

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

 

1.00

1.00

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

Share Capital

0.100

0.100

Reserves & Surplus

0.066

0.145

 Share Application money pending allotment

 

 

Net worth

0.166

0.245

 

 

 

long-term borrowings

0.040

0.040

Short term borrowings

0.000

0.000

Total borrowings

0.040

0.040

Debt/Equity ratio

0.241

0.163

 

 

 

 

 

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

Turnover

612.425

0.738

 

 

(99.879)

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

Turnover

612.425

0.738

Profit

0.066

0.079

 

0.01%

10.70%

 

 


 

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

No

9]

Name of person contacted

Yes

10]

Designation of contact person

Yes

11]

Turnover of firm for last two years

Yes

12]

Profitability for last two years

Yes

13]

Reasons for variation <> 20%

--

14]

Estimation for coming financial year

No

15]

Capital in the business

Yes

16]

Details of sister concerns

Yes

17]

Major suppliers

No

18]

Major customers

No

19]

Payments terms

No

20]

Export / Import details (if applicable)

No

21]

Market information

--

22]

Litigations that the firm / promoter involved in

--

23]

Banking Details

No

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

 

NOTE: Registered office of the company has been shifted from 105, churchgate chambers (1st floor)

sir vithaldas thackersey marg, new marine lines Mumbai Maharashtra India 400020 to the present address w.e.f. 25.06.2013

 

 

UNSECURED LOAN

 

PARTICULARS

31.03.2013

(Rs. in Million)

31.03.2012

(Rs. in Million)

Long Term Borrowings

 

 

Loans From Others

0.040

0.040

Total

0.040

0.040

 

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.64.05

UK Pound

1

Rs.99.04

Euro

1

Rs.71.76

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

SAN

 

 

Report Prepared by :

GTA

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.