MIRA
INFORM REPORT
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Report Date : |
25.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
PERFECT PROFILES |
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Registered Office : |
4/5, Udyog Kendra, Noida – 201306, Uttar Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1985 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Fabricated Structure, Steel, Aluminium Door and
Portable Cabins Etc. |
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 26000 |
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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 and reputed company having satisfactory
track. Proprietor is reported as experienced and respectable businessman. Trade
relations are fair. Business is a active. Payments are reported as usually
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/Factory : |
4/5, Udyog Kendra, Noida – 201306, Uttar Pradesh, India |
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Tel. No.: |
91-120-2350274/75 |
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Mobile No.: |
91-9811046207 |
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Fax No.: |
91-120-23050275 |
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E-Mail : |
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Website : |
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Area : |
6000 sq. mts. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Vijay Kumar Dewan |
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Designation : |
Proprietor |
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Date of Birth/Age : |
60 years |
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Qualification : |
Graduate |
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Experience : |
25 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Fabricated Structure, Steel, Aluminium Door and
Portable Cabins Etc. |
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Products : |
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Exports : |
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Products : |
Fabricated Structure |
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Countries : |
Sudan and Nigeria – Indirectly |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit (60 days), Sight |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
46 ( 40 – Factory, 6 – Office
) |
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Bankers : |
Bank of India, Greater Noida |
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Facilities : |
Credit Limit Rs.5.000 Millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
J.D.Bansal and Company Chartered Accountants |
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Address : |
Darya Ganj, New Delhi – 110002, India |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.6.500 Millions |
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Borrowed : |
- |
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Total : |
Rs.6.500 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
60.000 |
44.500 |
32.500 |
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Profit for the year |
6.500 |
4.200 |
3.800 |
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference:
- Honda Motors Limited, Bhiwadi and Greater Nioda
- Unitech
Website details:
Superlative quality and durable aluminium and steel products
are the hallmarks at Subject.
There is a peculiar relationship that exists between a concern
and its clients. Both are interdependent on each other. The satisfaction of the
client determines the success of the concern. The more satisfied the client,
the more chances of growth of for the concern. They, at Subject, constantly
endeavor to keep up to the expectations of their customers. They are a leading
manufacturer of Pre- Fabricated Industrial Structure, Insulated Portable,
Cabin, Pre-fabricated Shelters, Steel Tower, and Aluminum/Steel Doors and
Windows. Their products demand close scrutiny and great deal of patience and
perseverance. They never fall short on these attributes. They are constantly
striving for excellence by improvising the quality of their products.
Furthermore, they introduce new models in the market in order to survive the
competition in the industry and have been able to form a strong foothold in
this competitive domain.
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Quality
They specialize in delivering high quality products. Quality
is their essence as they adhere to strict quality control measures. They ensure
impeccable quality right from the initial stage of production to their final
delivery in the market. Their quality conforms to the high standards they have
set for their selves.
Infrastructure
Their products have been able to carve a niche, which are a result
of their diligent workforce and state-of-the-art machinery. Their innovative
engineers work tirelessly to obtain a flawless output. The machinery is an
essential component of any industry. Hence, they update it on a regular basis
to deliver an unmarred quality product.
Hallmark
- Safe and timely delivery of products
- Authentic and customer-centric approach
- Safe and easy installation
- Capability to cater to bulk amount of customers
- Competitive price range
- Team of qualified and professional experts
- Continuous improvement in product attributes.
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 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.39.49 |
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UK Pound |
1 |
Rs.78.33 |
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Euro |
1 |
Rs.56.78 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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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 |
6 |
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--LEVERAGE |
1~10 |
6 |
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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 |
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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48 |
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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