MIRA INFORM REPORT
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Report No. : |
346826 |
|
Report Date : |
26.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
PADGET ELECTRONICS PRIVATE LIMITED |
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Registered
Office : |
C-33, Noida Phase-II, Gautam Budh Nagar, Noida – 201305, Uttar Pradesh |
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Tel. No.: |
91-120-4016910 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
10.06.2013 |
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Com. Reg. No.: |
20-057573 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
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CIN No.: [Company Identification
No.] |
U31908UP2013PTC057573 |
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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
: |
Manufacturing of Mobile Phones. |
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No. of Employees
: |
Information declined by the Management
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RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behavior : |
Unknown |
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Litigation : |
---- |
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Comments : |
Subject is a relatively new company incorporated in the year 2013. It
has authorised capital of Rs.100.000 million and paid up capital of Rs.60.000
million. As per directors report, the company is in its initial and
pre-operative stage and does not have any income. Further, the company has
not taken any external borrowing as per the available financials of 2014. Further, Mr. Gopal Jagwan (Finance Head) denied to provide any
information about the subject to us. Payment terms are unknown. In view of lack of information, the company
can be considered for business dealings with fully 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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Gopal Jagwan |
|
Designation : |
Finance Head |
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Contact No.: |
91-120-4737200 |
|
Date : |
24.10.2015 |
LOCATIONS
|
Registered Office/ Corporate Office
: |
C-33, Noida Phase-II, Gautam Budh Nagar, Noida – 201305, Uttar
Pradesh, India |
|
Tel. No.: |
91-120-4016910 |
|
Fax No.: |
Not available |
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E-Mail : |
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|
|
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Administrative Office : |
B-18, Noida Phase-II, District
Gautam Budh Nagar, Noida – 201305,
Uttar Pradesh, India |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Sunil Vachani |
|
Designation : |
Director |
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Address : |
B-22, May Fair Garden, Delhi - 110016, India |
|
Date of Appointment : |
09.06.2015 |
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DIN No.: |
00025431 |
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|
|
|
Name : |
Mr. Gopal Jagwan |
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Designation : |
Director |
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Address : |
F-34, Ist Floor, Lajpat Nagar 1, New Delhi - 110024, India |
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Date of Appointment : |
09.06.2015 |
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DIN No.: |
00729480 |
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|
|
|
Name : |
Mr. Atul Bihari Lall |
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Designation : |
Director |
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Address : |
405, Nilgiri Apartment, Alaknanda, Kalkaji, Chittranjan Park, Delhi - 110019, India |
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Date of Appointment : |
09.06.2015 |
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DIN No.: |
00781436 |
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|
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Name : |
Mr. Pardeep Jain |
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Designation : |
Director |
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Address : |
S-57, Greater Kailash - I, New Delhi – 110048, India |
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Date of Appointment : |
09.06.2015 |
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DIN No.: |
01060652 |
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|
|
|
Name : |
Mr. Ashish Aggarwal |
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Designation : |
Director |
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Address : |
M-63, Ist Floor, Greater Kailash Part-1 Market, New Delhi - 110048, India |
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Date of Appointment : |
09.06.2015 |
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DIN No.: |
03561733 |
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|
|
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Name : |
Mr. Sanjay Jain |
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Designation : |
Director |
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Address : |
H. No. 245, Sant Nagar, East of Kailash, New Delhi - 110065, India |
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Date of Appointment : |
09.06.2015 |
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DIN No.: |
06541398 |
KEY EXECUTIVES
|
Name : |
Mr. Gopal Jagwan |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Dixon Technologies (India) Private Limited, India |
|
49999 |
|
Rajeev Lonial |
|
01 |
|
Total |
|
50000 |
AS ON 01.09.2015
|
Names of Allottees |
|
No. of Shares |
|
Dixon Technologies (India) Private Limited, India |
|
2000000 |
|
Lonial Rajeev |
|
2000000 |
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Total
|
|
4000000 |
AS ON 09.07.2015
|
Names of Allottees |
|
No. of Shares |
|
Dixon Technologies (India) Private Limited, India |
|
950000 |
|
Pradeep Jain |
|
1000000 |
|
Total
|
|
1950000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
99.998 |
|
Directors or relatives of Directors |
0.002 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Mobile Phones. |
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Products : |
Mobile Phones |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
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 : |
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Name : |
Kharabanda Associates Chartered Accountants |
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Address : |
112, RPS Sheikh Sarai, Phase-I, New Delhi – 110017, India |
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PAN. No.: |
AAGPK3615B |
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Memberships : |
----- |
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Collaborators : |
----- |
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Holding Company : |
Dixon
Technologies (India) Private Limited CIN No.: U32101UP1993PTC066581 |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Million |
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|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
60000000 |
Equity Shares |
Rs.10/- each |
Rs. 60.000 Million |
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AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
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 |
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|
0.500 |
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(b) Reserves &
Surplus |
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|
0.000 |
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(c) Money received
against share warrants |
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|
0.000 |
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(2) Share Application
money pending allotment |
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|
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
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|
0.500 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
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|
0.000 |
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(b) Deferred tax
liabilities (Net) |
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|
0.000 |
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(c) Other long term
liabilities |
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|
0.000 |
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(d) long-term provisions |
|
|
0.000 |
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Total Non-current
Liabilities (3) |
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|
0.000 |
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(4) Current Liabilities |
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(a) Short term borrowings |
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|
0.000 |
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(b) Trade payables |
|
|
0.000 |
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(c) Other current
liabilities |
|
|
0.038 |
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(d) Short-term provisions |
|
|
0.000 |
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Total Current Liabilities
(4) |
|
|
0.038 |
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TOTAL |
|
|
0.538 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
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|
0.000 |
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(ii) Intangible Assets |
|
|
0.000 |
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(iii) Capital
work-in-progress |
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|
0.000 |
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(iv) Intangible assets
under development |
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|
0.000 |
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(b) Non-current
Investments |
|
|
0.000 |
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(c) Deferred tax assets
(net) |
|
|
0.000 |
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(d) Long-term Loan and Advances |
|
|
0.000 |
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(e) Other Non-current
assets |
|
|
0.000 |
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Total Non-Current Assets |
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0.000 |
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(2) Current assets |
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(a) Current investments |
|
|
0.000 |
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(b) Inventories |
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|
0.000 |
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(c) Trade receivables |
|
|
0.000 |
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(d) Cash and cash
equivalents |
|
|
0.500 |
|
(e) Short-term loans and
advances |
|
|
0.000 |
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(f) Other current assets |
|
|
0.038 |
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Total Current Assets |
|
|
0.538 |
|
|
|
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TOTAL |
|
|
0.538 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
|
31.03.2014 |
|
Current Maturities of Long term debt |
|
|
NA |
|
Cash generated from operations |
|
|
NA |
|
Net cash flow from operating activites |
|
|
0.000 |
KEY
RATIOS
|
PARTICULARS |
|
|
|
31.03.2014 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
|
0.00 |
|
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|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
14.16 |
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 |
No |
|
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 |
No |
|
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL RESULTS
The Company is in its initial and pre-operative stage and does not have any income.
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,
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. 64.88 |
|
|
1 |
Rs. 99.88 |
|
Euro |
1 |
Rs. 72.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SANS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
---- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
11 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
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
unfavorable 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.