MIRA
INFORM REPORT
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Report Date : |
27.08.2007 |
IDENTIFICATION DETAILS
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Name : |
ZIRKON EXHIBIT CONSTRUCTION |
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Registered Office : |
Ruby Compound, Ashok Nagar, Kandivali (East), Mumbai-400088, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2000 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Exhibition Stalls and Designs. |
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 4000 |
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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 : |
Subject is a well – established concern having satisfactory track. Trade relations are fair. Payments are usually correct and as per
commitment. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office / Warehouse: |
Ruby Compound, Ashok Nagar, Kandivali (East), Mumbai-400088, |
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Mobile No.: |
91-9867080007 |
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Fax No.: |
91-22-28867787 |
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E-Mail : |
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Website : |
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Area : |
10000 sq.fts |
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Location : |
Owned |
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Corporate Head quarter : |
4307, |
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E-Mail : |
SOLE PROPRIETOR
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Name : |
Mr. Yashin Dalal |
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Designation : |
Proprietor |
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Date of Birth/Age : |
30 Years |
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Qualification : |
Post Graduation |
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Experience : |
3 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Exhibition Stalls and Designs. |
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Imports : |
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Products : |
Computer and Electronic Hardwares |
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Countries : |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL INFORMATION
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Customers : |
Corporates |
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No. of Employees : |
26 |
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Bankers : |
Malad (West) Branch
Malad (East) Branch |
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Facilities: |
The concern do not enjoy any facilities from its bankers. |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Singhvi and Associates Chartered Accountants |
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Address: |
Dadar, Mumbai |
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Associates/Subsidiaries : |
Ø
Zirkon International, Ruby Compound, Ashok Nagar,
Kandivali (East), Mumbai-400088, Activity: Exhibit Construction and
computer Hardware Ø
Hellrock Builders and Developers Private, Ruby
Compound, Ashok Nagar, Kandivali (East), Mumbai-400088, Maharashtra Activity: Construction |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.1.000 million |
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Borrowed : |
--- |
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Total : |
Rs.1.000 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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15.000 |
10.000 |
Expected Sales (2007-08) : Rs. 25.000 millions
LOCAL AGENCY FURTHER INFORMATION
WEBSITE DETAILS:
Subject, is the industry leader in the fabrication and installation of just about any scale of custom built project ZIRKON, manufacture and install custom exhibits and displays.
ZIRKON: Manufactures and installs custom designed exhibits for corporate clients.
Manages all construction in-house, so as to ensure successful outcomes. Builds all projects to exacting and high quality Fabrication standards. Offers cost effective solutions to design issues at the quotation and construction stage.
They ensure the efficient use of materials and labour to maximizes budget restrictions, whilst retaining quality. They fabricate using steel, aluminum and stainless steel to compliment the design and reflect the highest standards.
They undertake a broad range of finish detailing including laminating, veneering and spray painting to complete the exhibit. ZIRKON, has extensive capabilities with speedy production times to meet important deadlines associated with the exhibition industry.
Attention to detail and quality workmanship are fundamental attributes ZIRKON applies to all jobs, big or small.
All work is undertaken by their trade experienced carpenters
and cabinetmakers. They have undertaken projects at all major venues and
exhibition centres in
Their logistics and project management team ensures that the exhibit's delivery and installation happens on schedule and within their control.
Their labour Industry experienced Project Managers and site labour ensures timely and professional installation of all their projects. ZIRKON provides Services and staff to install, dismantle and store existing displays.
Their focus is only on the successful realisation of the design and it's timely construction and installation.
ZIRKON –THE
DISCOUNTED TECHNOLOGY SUPPLIER !
Zirkon is located in
They work to supply
products at the lowest landed cost to their Partners and reliable customers
thus service distinguishes ZIRKON Distribution from other distributors. Their
fully computerized facility allows them to process their customer's orders
Their Customers are
Computer/ Electronic/ Office product Wholesellers/ Dealers / Resellers located
throughout the World. They recognize the functional importance of their Dealers
and support this channel by not selling directly to end-users.
Goals
Customer satisfaction, Long
term Relationships, growth and increased mutual Profitability's. Their Goals
will be accomplished through established, strong partnership with Dealers/
Resellers and Manufacturers/ Vendors, benefiting all levels of trade.
Warranty
All their products carry, at least One Year Warranty! and their warranty policy
is straight forward.............. no hassles!
The Trusted Source For New/Used Technology
ZIRKON is known worldwide
as the preferred destination for new/used technology systems, parts, components
and pricing. The Zirkon Product Sales website services hundreds of dedicated
wholesale customers and makes available high-value, nearly new technology
at very affordable prices.
Quality and
Quantity
Whether looking for
complete systems or just individual components, ZIRKON can deliver the
highest-quality used technology at a fraction of the cost of new products — in
any quantity need. (Note: minimum purchase amounts apply.) And because they
have a consistent daily supply of product inventory coming into their
facilities, they can ensure the order is filled when need it.
The New/Used
Technology Pricing Experts
Best of all, because
of their extensive relationships with leading OEMs and lessons on the recovery
side, along with their worldwide network of resale wholesellers and
distributors, ZIRKON is considered the “go-to source” for new/ used technology
pricing. They have up-to-the-minute knowledge of the buy and sell values for
all models, configurations and conditions of technology equipment and
components. This means they can offer wholesellers, resellers and dealers
no-hassle pricing that ensures to get the best deal possible, regardless of the
order size or configuration of the order.
They unlock the
highest possible value from unwanted or obsolete equipment, prevent the
exposure of confidential business data, minimize waste through refurbishing and
reuse, and limit liability through efficient, responsible environmental
policies. Working hand-in-hand with clients, they create programs that optimize
cost saving opportunities and simplify computer life cycle management.
For technology buyers, their unsurpassed
market and pricing knowledge, along with their extensive inventory of nearly
new assets sourced from blue-chip companies, is they are known as the preferred
destination worldwide for buying new and used systems, parts and components at
great prices.
Trade Reference:
- Ratankala Gems, Opera House
- Manav Gems, Opera House
·
Snow Bell Machine Private Limited.
·
Print O Graph
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CDP India Private Limited.
·
Bhavik Enterprice
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Evavo
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Vicco Vajradanti Limited,
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Bisawa Creation
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Earth Pharma
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Bizarba Private Limited.
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Real Time Solution
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Tag Int.
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Sky I Bulider
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Rathi Industries.
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 records 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.41.18 |
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1 |
Rs.82.41 |
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Euro |
1 |
Rs.55.85 |
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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
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 |
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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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. |
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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