MIRA
INFORM REPORT
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Report Date : |
02.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
COLOR DESIGN (INDIA) |
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Registered Office : |
A-15/ A, Mayapuri Industrial Area, Phase II, Opp. Tagore School, New
Delhi – 110064, Delhi |
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Country : |
INDIA |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2002 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELC07829D |
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PAN No.: [Permanent
Account No.] |
AAEFC4177G |
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Legal Form : |
Subject is a Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Fountains, Water Curtain, Jumping Jet Fountain,
Musical Fountain, Ultra Fast Action Fountain, Programmable Fountain |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
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 : |
USD 6000 |
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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 well-established and reputed concern having satisfactory
track record. Proprietor is reported as experienced and respectable businessman.
Trade relations are reported as fair. Business is active. Payments are
however reported as usually correct and as per commitments. The concern can
be considered normal for business dealing at usual trade terms and
conditions. |
LOCATIONS
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Registered Office : |
A-15/ A, Mayapuri Industrial Area, Phase II, Opp. Tagore School, New
Delhi – 110064, Delhi |
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Tel. No.: |
91-11-65434555 / 41847774 / 20588944 |
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Fax No.: |
91-11-41847774 |
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E-Mail : |
sales@colordesigntech.com
/ b.s.mehra@colordesigntech.com |
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Website : |
http://www.colordesigntech.com
/ www.colordesignindia.com |
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Area : |
3500 Sq. Ft |
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Location : |
Rented |
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Branches : |
Dealer Network
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SOLE PROPRIETOR
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Name : |
Mr. B. S. Mehra |
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Designation : |
Proprietor |
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Mobile No.: |
91-9873166644 / 9311166644 |
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Date of Birth/Age : |
32 Years |
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Qualification : |
Graduate |
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Experience : |
10 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Fountains, Water Curtain, Jumping Jet Fountain,
Musical Fountain, Ultra Fast Action Fountain, Programmable Fountain |
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Products : |
Fountains
LED Lights
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Exports : |
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Countries : |
Gulf Countries, Europe |
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On L/C, D/A, & DP |
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Imports : |
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Countries : |
Korea, Japan, Taiwan |
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On L/C, D/A, & DP |
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Terms : |
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Selling : |
30 to 45 Days Credit (up to 6 months for Govt. order ) |
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Purchasing : |
Cash, Credit 30 Days |
GENERAL
INFORMATION
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Suppliers : |
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Customers : |
Charles M Swimming Pool, Malta
C. Place, New Delhi - 110001
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No. of Employees : |
30 |
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Bankers : |
ICICI Bank Limited, Dwarka, Sector – 5, New Delhi Union Bank of India, Dwarka, Sector – 6, New Delhi |
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Banking
Relations : |
Satisfactory |
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Associates : |
Raj Pumps & Pipes , Jaipur |
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Line of Business : |
Hardware Store |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.1.500 Millions |
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Borrowed : |
--- |
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Total : |
Rs.1.500 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
40.000 |
35.000 |
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Profit Before Tax |
13 % |
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Profit After Tax |
8 % |
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Expected Sales (2007-08) : Rs.60.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Company
Profile :
- Incepted in 1999, Concern
is a prominent manufacturer and purveyor of varied spectrum of Fountains
and Lighting Products. It’s comprehensive operations encompasses of
designing, developing and installing of their stature products with conformance
to it’s client's specifications
It’s wide spectrum of products comprises of - LED Lighting Systems, Programmable Fiber Optics, Landscape Lights, Effects of Lighting and Programmable Fountains. Concern are also a predominant manufacturer, in the field of Advance Level Programmable and Musical Fountains.
Concern is amongst pioneers…..
With the vision to achieve unsurpassed excellence in the field of illumination and aqua solutions, Concern constantly try to introduce innovative concepts.
Concern has a strong and viable infrastructure to deliver as per clients
exacting specifications. Concern has their own manufacturing and assembly unit
at New Delhi. Concern have sophisticated machineries like automatic crystal
fixing machines, automatic soldering machines, automatic light and color
scanners, lathe machines and automatic double-track molding machine and other
related machineries.
Concern teams are well equipped and have enriched experience of handling
numerous projects like that of 5 star hotels, multiplexes, malls, corporate
etc.
At, Color Design “Quality” is pervasive in all the pre and post
manufacturing operations. Concern has their own in house independent
inspection departments viz IQC and OQC. These are equipped with new model automatic
inspection equipment. Concern implement stringent quality checks to be
assure of the endurance and compatibility of it’s products. Concern endeavor to
produce their wide array of products with adherence to set international
quality parameters.
The Company
Network
With it’s stature products and solutions, Concern has earned a hugs
array of satisfied clients. Concern has a significant presence in the domestic
market and are committed to establish a mark in the international markets as
well.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.59 |
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UK Pound |
1 |
Rs.85.53 |
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Euro |
1 |
Rs.58.14 |
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 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
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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45 |
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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