MIRA INFORM REPORT
|
Report
Date : |
15.02.2007 |
IDENTIFICATION
DETAILS
|
Name : |
VISHAL
PERIPHERALS |
|
|
|
|
Registered
Office : |
Shop No.
46, A/C Cellar, Chenoy Trade Centre, Park Lane, Secunderabad – 500 003,
Andhra Pradesh |
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|
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Country
: |
India |
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Financials
(as on) : |
31.03.2006 |
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Date
of Incorporation : |
2002 |
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|
|
|
Legal
Form : |
Sole Proprietory Concern |
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|
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Line
of Business : |
Trader of Computer Hardware |
RATING & COMMENTS
|
MIRA’s
Rating : |
Ba |
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered
normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum
Credit Limit : |
USD
100000 |
|
|
|
|
Status
: |
Satisfactory
|
|
|
|
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Payment
Behaviour : |
Regular |
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|
|
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Litigation
: |
Clear |
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Comments
: |
Subject is a well established hardware dealers. Trade
relations are fair. The concern is doing well. Payments are correct and as
per commitments. The concern can be considered good for normal business dealings
at usual trade terms and conditions. |
LOCATIONS
|
Registered
Office : |
Shop No.
46, A/C Cellar, Chenoy Trade Centre, Park Lane, Secunderabad – 500 003,
Andhra Pradesh, India |
|
Tel.
No.: |
91-40-27814523 / 27896926 / 26319792 |
|
Mobile
: |
91-9849914650 |
|
Fax
No.: |
91-40-55382291 |
|
E-mail
: |
|
|
Chat ID MNS Messenger : |
vishalperipherals@hotmail.com |
|
Website
: |
http://www.vishalperipherals.com |
|
Area : |
348 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Show
Room : |
# 13
& 14 Ground Floor, Chenoy trade center, Parklane , Secunderabad |
|
|
|
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Sales
Offices : |
Hyderabad Contact Person : Mr. Hari Tel. No. : 91-40-27896926 Mobile : 91-9849914649 Contact Person : Mr. Venu Gopal Tel. No. : 91-9849914651 Outside Hyderabad Contact Person : Mr. Manish Tel. No. : 91-40-27814523 Mobile : 9849914645 |
SOLE PROPRIETOR
|
Name : |
Mr. Vikas Kumar Hisariya |
|
Designation
: |
Sole Proprietor |
|
Date
of Birth/Age : |
27 years |
|
Qualification
: |
Graduate |
|
Experience
: |
5 years |
BUSINESS DETAILS
|
Line
of Business : |
Trader of Computer Hardware |
|
|
|
|
Products
: |
Computer Hardware Intel@ Pentium@ 4 Processor 3.06 GHz Intel@ Celeron@ D Processor up to 2.4 GHz Intel@ Pentium@ 4 Processor with HT Technology 3.0 GHz Intel@ Xeon@ Processor with HT Technology 3.0 GHz |
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Brand
Handles : |
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Terms
: |
|
|
Selling : |
Cash and Credit upto 15 days |
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|
|
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Purchasing : |
Cash and Credit upto 15 days |
GENERAL INFORMATION
|
Customers
: |
|
|
|
|
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No. of
Employees : |
20 |
|
|
|
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Bankers
: |
UTI Bank Limited S. D. Road, Secunderabad, Andhra Pradesh, India |
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|
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Facilities : |
The concern enjoys cash credit facilities of Rs. 10.000
millions from its bank. |
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|
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Banking Relations : |
Satisfactory |
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Auditors
: |
Not Available |
CAPITAL STRUCTURE
|
Capital
Investment : |
|
|
Owned : |
Rs. 15.000 millions |
|
Borrowed : |
Rs. 10.000 millions |
|
Total : |
Rs. 25.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
2006 |
31.03.2005 |
31.03.2004 |
|
Sales
Turnover |
480.000 |
480.000 |
280.000 |
Expected Sales for March 2007: Rs. 600.000 millions
LOCAL
AGENCY FURTHER INFORMATION
WEBSITE DETAILS
Vishal peripheral
is a professional managed company engaged in dealing with sales and services of
computer systems. Their company commenced in the year 2000 with highly
experienced and certified professional personnel who is having a total
experience of about 10 years in the field of IT. They are channel partner of
Mercury range of product having product range mother boards, speakers, cabinets
etc. They have achieved the prestigious positions of being one of the leading
Intel GID. Their reputed list of clientele includes ECIL, Vishaka Industries,
Osmania University, MAA TV, Apollo Hospital, UTI Bank, Bank of Hyderabad, South
Central Railways, NFC etc. Their regular service and quality systems has helped
us to achieve fame in the IT industry.
Products :
Celeron, Celeron Inside, Centrino, Centrino Logo, Core
Inside, Intel, Intel Logo, Intel Core, Intel Inside, Intel Inside Logo, Intel
SpeedStep, Intel Viiv, Itanium, Itanium Inside, Pentium, Pentium Inside, Xeon
and Xeon Inside are trademarks or registered trademarks of Intel Corporation or
its subsidiaries in the United States and other countries.
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.44.16 |
|
UK Pound |
1 |
Rs.86.00 |
|
Euro |
1 |
Rs.57.56 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP
CAPITAL |
1~10 |
5 |
|
OPERATING
SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS
SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT
LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
|
|
DEMERIT
POINTS |
|
|
|
--BANK
CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER
ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT
POINTS |
|
|
|
--SOLE
DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT
ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER
MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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 |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound
financial base with the strongest capability for timely payment of interest
and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered
normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable
factors carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists.
Caution needed to be exercised |
Credit not recommended |