MIRA INFORM REPORT
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Report Date : |
5th May, 2006 |
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IDENTIFICATION DETAILS
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Name : |
PRIYANKA
TELECOM |
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Registered Office : |
142/143,
Oshiwara Industrial Centre, New Link Road, Opp. Oshiwara Bus depot,
Mumbai-400101 |
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Country : |
India |
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Financials (as on) : |
31-03-2006 |
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Date of Incorporation : |
Reported
to be in business since 4-5 years |
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Legal Form : |
A
Sole Proprietorship Concern |
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Line of Business : |
Dealers
of Mobiles |
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 : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Management
remained non co-operative during current investigation. However it is
gathered that concern is doing brisk business. Payments are correct and as
per commitments. The concern can be considered normal for business dealings
at usual trade terms and conditions. |
LOCATIONS
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Registered Office/ Head
Office : |
142/143,
Oshiwara Industrial Centre, New Link Road, Opp. Oshiwara Bus depot,
Mumbai-400101 |
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Tel. No.: |
91-22-56780500 |
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Fax No.: |
91-22-56780900 |
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E-Mail : |
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Website : |
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Area : |
800
Sq.ft |
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Location : |
Leased |
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Branches : |
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Address : |
C-107,
1st Floor, Crossroads,28,
Pandit MM Malviya Road (Haji Ali).Mumbai - 400034 |
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Tel. No.: |
91-22-56661461/56661462 |
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Fax No.: |
91-22-56661463 |
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Address : |
Shop No.4, Woodrose Building, Lokhandwala Complex, Andheri -(West),MUMBAI - 400053 |
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Tel. No.: |
91-22-26310022/26302638 |
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Fax No.: |
91-22-26310502 |
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Address : |
B-110,
Vora Plaza, 1st Floor, Behind CIDCO Office, Near Amba, Vasai Road
(East), Thane |
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SOLE PROPRIETOR
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Name : |
Mr.
Aggarwal |
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Designation : |
Proprietor |
KEY EXECUTIVES
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Name : |
Mr.
Hussain |
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Designation : |
Chief
Executive Officer |
BUSINESS DETAILS
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Line of Business : |
Dealers
of Mobile |
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Products : |
Mobiles |
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Brand Names : |
1. Nokia 5110i 2. Nokia 3310 3. Nokia 3330 4. Nokia 3350 5. Nokia 6210 Cyber S 6. Nokia 5510 7. Nokia 8310 8. Nokia 8850 Silver 9. Nokia 8850 Gold 10. Nokia 8890 11. Nokia 9210 12. Nokia9210i 13. Nokia 8850 (Phased Out) 14. Nokia 8850 15. Nokia 8250 16. Nokia 3350 Plus (Phased Out) 17. Nokia 6210 (Phased Out) 18. Nokia 5510 (Phased Out) 19. Nokia 3330 (Phased Out) 20. Nokia 3310 (Phased Out) 21. Nokia 7650 22. Nokia 8855(Phased Out) 23. Nokia 6510(Phased Out) 24. Nokia 6500 (To be Launched) 25. Nokia 6310 (To be Launched) 26. Nokia 5210 (Phased Out) |
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Terms : |
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Selling : |
Cash
30 days & Credit 60 days |
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Purchasing : |
Cash
30 days & Credit 60 days |
GENERAL INFORMATION
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No. of Employees : |
15 |
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Bankers : |
Unknown |
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Auditors : |
Unknown |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
NA |
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Borrowed : |
NA |
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Total : |
NA |
FINANCIAL
DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2006 [Estimated] |
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Sales Turnover |
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Rs. 30.000/ 40.000
millions |
LOCAL AGENCY FURTHER INFORMATION
Authorised
Distributors for Nokia Mobile Phones & Accessories of Nokia India Pvt Ltd
and HCL Infinet Ltd (National Distributors)
Selling
to:
Retailers in Mumbai including
Nokia Priority Dealers.
Major Corporate Houses of India,
of more then 500 clients.
1. Reliance
2. Tata Group
3. ICICI
4. Afcons
5. Agfa
Having Retail Shops at Crossroads,
Hajiali; Lokhandwala
Tie ups with Shoppers Stop for retail
counter at Andheri, Bandra, Kandivali, Mulund & Ghatkopar
Tie up with Arcus at Phoenix Mills.
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Address: |
143, Oshiwara
Industrial Centre
New Link Road, Opp Oshiwara Bus Depot
MUMBAI - 400 104
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Telephone
: (91-22) 56780500 |
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Fax
: (91-22) 56780900 |
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CROSS ROADS |
C-107, 1st Floor, Crossroads
28, Pandit MM Malviya Road (Haji Ali)
MUMBAI - 400034
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Telephone : (91-22) 56661461, 56661462 |
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Fax : (91-22) 56661463 |
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LOKHANDWALA |
Shop No.4, Woodrose Building
Lokhandwala Complex, Andheri (W)
MUMBAI - 400053
Tel: 26310022, 26302638
Fax : 26310502
Handsets
:
27. Nokia 5110i
28. Nokia 3310
29. Nokia 3330
30. Nokia 3350
31. Nokia 6210 Cyber S
32. Nokia 5510
33. Nokia 8310
34. Nokia 8850 Silver
35. Nokia 8850 Gold
36. Nokia 8890
37. Nokia 9210
38. Nokia9210i
39. Nokia 8850 (Phased Out)
40. Nokia 8850
41. Nokia 8250
42. Nokia 3350 Plus (Phased Out)
43. Nokia 6210 (Phased Out)
44. Nokia 5510 (Phased Out)
45. Nokia 3330 (Phased Out)
46. Nokia 3310 (Phased Out)
47. Nokia 7650
48. Nokia 8855(Phased Out)
49. Nokia 6510(Phased Out)
50. Nokia 6500 (To be Launched)
51. Nokia 6310 (To be Launched)
52. Nokia 5210 (Phased Out)
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
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Indian Rupees |
|
US
Dollar |
1 |
Rs.45.30 |
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UK
Pound |
1 |
Rs.78.45 |
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Euro |
1 |
Rs.54.88 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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54 |
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
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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 |