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MIRA INFORM REPORT
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Report Date : |
2nd May 2006 |
IDENTIFICATION DETAILS
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Name : |
CVC TECHNOLOGIES INC.
(INDIA) |
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Registered Office : |
601/602, Manmandir Suraksha
Building No. 3, Nahur Village Road, Mulund (West), Mumbai – 400080,
Maharashtra, India |
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Country : |
India |
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Date of Incorporation : |
1998 |
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TAN No.: (Tax Deduction &
Collection Account No.) |
MUMC13940D |
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PAN No.: (Permanent Account No.) |
AABCC9510B |
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Legal Form : |
A
sole proprietorship concern |
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Line of Business : |
Marketing
/ liaison office of CVC Technologies, Taiwan |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered
normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear
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Comments : |
Subject
is a Liaison office of CVC Technologies, Taiwan. Trade
relations are fair. The Indian office undertakes Liaison work for parent
company. Payments are usually correct
and as per commitments. Subject
can be considered as a small liaison office of foreign company |
LOCATIONS
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Registered Office : |
601/602, Manmandir Suraksha
Building No. 3, Nahur Village Road, Mulund (West), Mumbai – 400080,
Maharashtra, India |
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Tel. No.: |
91-22-25621242/43 |
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Fax No.: |
91-22-25621244 |
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E-Mail : |
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Website : |
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Overseas Office : |
·
CVC
Technologies, Inc. ·
CVC USA
East Coast Office ·
CVC
Technologies (Italy) ·
CVC
Technologies, Inc. (CIS & Baltic States) ·
CVC
Technologies, Inc. (China) ·
PT. CVC
Technologies Indonesia ·
CVC
Technologies (Thailand) |
SOLE PROPRIETOR
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Name : |
Mr.
Arvind Prabhu |
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Designation : |
Proprietor
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KEY EXECUTIVES
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Name : |
Mr. Arvind Prabhu |
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Designation : |
Chief
Executive Officer |
BUSINESS DETAILS
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Line of Business : |
Marketing
/ liaison office of CVC Technologies, Taiwan |
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Terms : |
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Selling : |
Contract |
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Purchasing : |
Contract |
GENERAL INFORMATION
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No. of Employees : |
6 |
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Bankers : |
HDFC
Bank, Mumbai |
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Banking Relations : |
-- |
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LOCAL AGENCY FURTHER INFORMATION
History
Subject
was established in 1998 at Bangalore and it’s office was shifted to Mumbai in
September 2005.
AS PER WEBSITE
Labeling Machine
Manufacturer, Integrated Pharmaceutical Packaging Solutions
CVC specializes in label application systems, fully
integrated packaging lines and specialty machines for counting, filling and
capping.
All CVC machines are standardized for maximum
reliability and to provide more economic pricing. If you are looking for service,
well designed machinery and value that lasts, don't hesitate in letting us know
your questions and comments, please contact us by phone or send us an inquiry
by e-mail.
And remember: CVC means for you expensive machines
without the expense.
CVC welcomes all inquiries about products and
services. Don't hesitate in sending us your comments and inquiries to branches
strategically located worldwide for your convenience, at CVC we are always
ready to give you the best solutions to your packaging needs.
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 records 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.44.90 |
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UK
Pound |
1 |
Rs.81.88 |
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Euro |
1 |
Rs.56.47 |
SCORE & RATING EXPLANATIONS
RATING
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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 |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability to
overcome financial difficulties seems comparatively below average/normal. |
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 |