MIRA
INFORM REPORT
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Report Date : |
03.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
CONEX
TECHNOLOGIES |
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Registered Office : |
1406,
Dalamal Towers, Nariman Point, Mumbai – 400021 |
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Country : |
India |
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Date of Incorporation : |
2006 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMC14198C |
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Legal Form : |
Partnership
concern with an unlimited liability of the partners |
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Line of Business : |
Manufacturer,
Exporter and Developers of
Arumations, 3 D Arumations, Games, Computer Software |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
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Status : |
New
Concern |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
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Comments : |
Subject
is a sister concern of Conex Metals which is engaged in manufacturer and
exporter of metal parts. Its is March 2006 sales was of Rs. 340.000 Millions
with a Net profit was of Rs. 42.000 Millions. It employees 138 people This
is in infancy stage. But in
view of financially strong promoters, the concern can be considered normal
for business dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
1406,
Dalamal Towers, Nariman Point, Mumbai – 400021 |
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Tel. No.: |
91-22-266371095/96/64501194 |
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Mobile No.: |
91-9892582470 |
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Fax No.: |
91-22-22834046 |
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E-Mail : |
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Website : |
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Area : |
1200
Sq. ft |
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Location : |
Owned |
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Factory
1 : |
First
Floor, Pranav Complex, M G Road, Mulund (West), Mumbai |
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Area : |
550
Sq. ft |
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Location : |
Rented |
PARTNERS
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Name : |
Mr.
Ketan Shah |
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Designation : |
Partner
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Address : |
44 –
B, Rajol Apartment, Napeanse Road, Mumbai – 400006 |
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Date of Birth/Age : |
39
Years |
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Qualification : |
F. E. |
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Experience : |
16
Years |
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Name : |
Mr.
Valan Costa |
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Designation : |
Partner
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Date of Birth/Age : |
33
Years |
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Qualification : |
B. E. |
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Experience : |
13
Years |
KEY EXECUTIVES
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Name : |
Mr.
Arvind Pawar |
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Designation : |
Chief
Executives Officer |
BUSINESS DETAILS
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Line of Business : |
Manufacturer,
Exporter and Developers of
Arumations, 3 D Arumations, Games, Computer Software |
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Exports to : |
USA |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
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PRODUCTION
STATUS
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Particulars |
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Installed Capacity |
Actual Production |
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Computer Software, 3 D Animatiens
Character Modelling, Gamus |
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Variable |
Variable |
GENERAL
INFORMATION
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Customers : |
End
Users |
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No. of Employees : |
12 |
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Bankers : |
Bank
of India, Mahalaxmi |
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Facilities : |
-- |
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Banking Relations : |
Satisfactory
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Auditors : |
V C
Shah & Company Chartered
Accountant |
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Address: |
Rajgir
Chambers, 3rd Floor, Opposite Old Customs House, |
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Tel. No.: |
91-22-22834046 |
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Associates/Subsidiaries : |
Conex
Metals 1406,
Dalarnal Towers, Nariman Point, Mumbai - 400021 Line
of Business – Exports Turnover
– Year 2006 March – INR 340.000 Millions Net
Profit year 2006 March – INR 42.000 Millions Employed
– 138 Tel.
No. 91-22-66371095/96 Fax.
No. 91-22-22834046 Mobile
No. 91-9892582470 Website
– http://www.conexmetals.com Prime
Developers 36,
Dhanji Street, Mumbai |
FINANCIAL DATA
[all figures are in Rupees
Millions]
Nil
LOCAL AGENCY
FURTHER INFORMATION
Trade
References
v
Infoseck
A Conex Group Venture...
Conex Technologies India is a company that delivers quality work in Video, Multimedia, Animation, Game Development and Entertainment.
They are a group of multi-skilled professionals with creative caliber and sound technical knowledge - Art Directors, Artists, Modelers, Animators and Programmers.
Senior members who drive the company have more than 15 years of hands-on experience in the IT Industry.
Games &
Simulations
They are proud to inform that they have an expertise in creating 3D games on par to the international quality either Online or Standalone.
They can also develop multiplatform games for :
v
PC
v
PS2
v
PSP
v
Xbox
v
Nintendo
They can assist you in selecting the right game engine for the project.
They also develop BRAND ESTABLISHING Online 3D Games which are an effective medium to establish the brand with the customer.
Other than this they also into developing :
v Mobile
Games
v Educational
Games
v
Simulations
MULTIMEDIA
They can create a multitude of interactive :
v
Sports
and Entertainment
v
Product
Demonstrations
v
Educational
and Training CD-ROMs
v
eCatalogues
v
Interactive
Virtual Worlds & Walkthrus
v
Multimedia
KIOSKs
These interactive products can be used to Inform, Educate, Motivate or Persuade the customers and employees.
ANIMATION
v
3D
Animation
v
3D
Modelling
v
Character
Design
v
Background
Arts
v
StoryBoard
v
2D
Animation
v
Special
Effects
A highly talented team of Animators & Artists need to produce Animation and they have them. Whether it is a Flash Animation or Classical cell animation.
The powerful technology of 3D animation is used to give the dead model a life. And they make it possible as real as you like.
At Conex Technologies, they are excited about these technologies and have equipped ourselves with the infrastructure and skills to develop high quality Animation and Special Effects based on the requirements
v Architectural images and walk-throughs
v Special Effects for videos and films
v Game Promos
v Character Animation
v Product modelling and animation
v Engineering modelling
v Logo and title animation
v Corporate mascots
v Cost-effective solution.
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.44.68 |
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UK
Pound |
1 |
Rs.85.17 |
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Euro |
1 |
Rs.57.07 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
7 |
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--LEVERAGE |
1~10 |
7 |
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--RESERVES |
1~10 |
- |
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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 |
YES |
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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 |
YES |
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--AFFILIATION |
YES/NO |
YES |
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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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36 |
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
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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 |
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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