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Report No. : |
323711 |
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Report Date : |
26.05.2015 |
IDENTIFICATION DETAILS
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Name : |
TINYOWL TECHNOLOGY PRIVATE LIMITED |
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Registered
Office : |
Unit No. 601, Wing A, 6th Floor, Floral Deck Plaza, Central MIDC Road,
Andheri (East), Mumbai – 400095, Maharashtra |
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Tel. No.: |
Not Available |
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Country : |
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Financials (as
on) : |
Not Available |
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Date of
Incorporation : |
02.06.2014 |
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Com. Reg. No.: |
11-255354 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.637 Million |
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CIN No.: [Company Identification
No.] |
U72900MH2014PTC255354 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT19088G |
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PAN No.: [Permanent Account No.] |
AAFCT0185R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Providing software, hardware or programmes consultancy, information processing and business advisory services. |
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No. of Employees
: |
Not Available |
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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company incorporated as on 02.06.2014 and
establishing itself gradually. Our executive were unable to contact the subject due to unavailability
of alternate contact details. As per Registrar of Companies the status of the company is shown as
active. Payment terms are unknown. The company can be considered for business dealings on a 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.
EXTERNAL AGENCY RATING
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
Unable to contact the company. (91-9870963143 Continuously Ringing)
LOCATIONS
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Registered Office : |
Unit No. 601, Wing A, 6th Floor, Floral Deck Plaza, Central MIDC Road,
Andheri (East), Mumbai – 400095, Maharashtra, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Brij Bhushan |
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Designation : |
Nominee director |
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Address : |
C-201, Vasundhra Apts, Plot No -16 , Sector 6 , Dwarka, New Delhi –
110045, India |
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Date of Birth/Age : |
08.01.1981 |
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Date of Appointment : |
25.07.2014 |
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DIN No.: |
03624436 |
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Name : |
Mr. Gautam Mago |
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Designation : |
Nominee director |
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Address : |
D 202, Lloyds Estate, Wadala (East), Mumbai – 400037, Maharashtra,
India |
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Date of Birth/Age : |
12.03.1979 |
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Date of Appointment : |
25.07.2014 |
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DIN No.: |
03568682 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 10.05.2014
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Names of Shareholders |
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No. of Shares |
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Deap Ubhi |
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183 |
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Harshvardhan Mandad |
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2907 |
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Suresh Goyal |
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1850 |
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Shikhar Paliwal |
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1277 |
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Tanuj Kandelwal |
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1498 |
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Gaurav Chaudhary |
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1277 |
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Tancom Eletronics Private Limited |
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1008 |
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Total |
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10000 |
As on 24.07.2014
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Names of Allottees |
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No. of Shares |
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Kunal Bahll |
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77 |
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RohiBansal |
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77 |
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Sequoia Capital India Investments IV |
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2605 |
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Nexus Ventures III, Limited |
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2605 |
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Total |
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5364 |
As on 24.07.2014
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Names of Allottees |
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No. of Shares |
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Kunal Bahll |
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10 |
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RohiBansal |
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10 |
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Sequoia Capital India Investments IV |
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10 |
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Nexus Ventures III, Limited |
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10 |
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Total |
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40 |
BUSINESS DETAILS
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Line of Business : |
Providing software, hardware or programmes consultancy,
information processing and business advisory services. |
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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 : |
Information declined by the management |
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Bankers : |
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Auditors : |
Not Available |
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Collaborators : |
Not Available |
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Membership : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital : Rs.5.200 Million
Issued, Subscribed & Paid-up Capital : Rs.1.680
Million
FINANCIAL DATA
[all figures are
in Rupees Million]
NEW COMPANY
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
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1 |
Year of establishment |
Yes |
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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 |
Yes |
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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 |
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10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
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11 |
Pan Card No. of Proprietor / Partners |
No |
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12 |
Voter Id Card No. of Proprietor / Partners |
No |
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13 |
Type of business |
Yes |
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14 |
Line of Business |
Yes |
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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 |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
-- |
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23 |
Financials, if provided |
No |
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24 |
Capital in the business |
Yes |
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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% |
-- |
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28 |
Estimation for coming financial year |
No |
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29 |
Profitability for last three years |
No |
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30 |
Major shareholders, if available |
Yes |
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31 |
External Agency Rating, if available |
No |
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32 |
Litigations that the firm/promoter
involved in |
-- |
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33 |
Market information |
-- |
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34 |
Payments terms |
No |
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35 |
Negative Reporting by Auditors in the
Annual Report |
No |
PRESS
RELEASE
MOBILE-ONLY FOOD ORDERING STARTUP TINYOWL RAISES $15M FROM MATRIX,
SEQUOIA & NEXUS
TinyOwl Technology Private Limited, a
Mumbai-based startup that offers a location-based mobile app for ordering food,
has raised $15 million (Rs 930.000 Million) in its Series B round of funding
led by Matrix Partners. Existing investors Sequoia Capital and Nexus Venture
Partners also participated in the funding round.
Techcircle.in
had first reported that the firm is looking at fresh funding
which would see its existing investors put in more. However, the firm was
eyeing a more modest amount and has gone about raising three times what it had
envisaged.
The funds will be utilised to expand its
footprint to over 50 cities in the country and invest in technology.
“We have seen immense growth in the last one
year in Mumbai. TinyOwl has partnered with more than 4,000 restaurants,” said
Harshvardhan Mandad, co-founder, TinyOwl.
“We believe that there will be significant
value creation in online food ordering in India, and a mobile-only approach is
the way to win in the space. TinyOwl is a part of our broader portfolio of investments
in the local services offline-to-online space, which we think will be an
important area going forward,” said Rishi Navani, co-founder and managing
director, Matrix India.
Founded in March 2014 by a group of IIT
Bombay alumni, including Mandad, Saurabh Goyal, Tanuj Khandelwal, Gaurav
Choudhary and Shikhar Paliwal, TinyOwl allows users to order food from
restaurants and have it delivered at their doorstep. Consumers can manage the
entire process including selecting and ordering the dishes and tracking the
delivery. Users can either make payments through their credit card or opt for
cash-on-delivery. The app is available on Android and iOS platforms.
The company is not making any money now but
it soon plans to start charging 10 to 20 per cent cut from the restaurants, it
signs up.
It currently has two product offerings,
TinyOwl, for food from nearby restaurants, and TinyOwl HomeMade, for healthy
food from local chefs.
In December, the company had raised $3
million from Sequoia Capital and Nexus Venture Partners in Series Around of
funding.
“TinyOwl has made significant progress in the
last few months – they have worked closely with restaurants and have also built
a delivery infrastructure to ensure that more people can order from the
convenience of their own homes. TinyOwl is live all over Mumbai and we are
excited that they will shortly be available in other major cities,” said Gautam
Mago of Sequoia India.
“TinyOwl is changing the way Indians dine in
at home and office with their innovations across the value chain from order to
delivery. We continue to be excited to work with them,” added Suvir
Sujan, co-founder and managing director, Nexus Venture Partners.
Angel investors in the company include Kunal
Bahl and Rohit Bansal of Snapdeal.
Other players in the online food delivery
services include Rocket internet backed FoodPanda that took over JustEat India
operations and acquired TastyKhana recently besides ventures like Holachef that
focuses on home cooked meals in Mumbai.
The service is currently available only in
Mumbai. It plans to launch its services across four more cities — Delhi,
Chennai, Bangalore and Pune — in the next six months.
It claims it facilitates 3,000 to 5,000
transactions per day, with the average value of order being Rs 300.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.52 |
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1 |
Rs.98.51 |
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Euro |
1 |
Rs.69.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NKT |
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.