MIRA INFORM REPORT
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Report
Date : |
20.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
DATA CARE CORPORATION |
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Registered
Office : |
AT/PO.
Wagholi, Pune Nagar Road, Bakuri phata, Pune – 412 207, Maharashtra |
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Country
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India |
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Financials
(as on) : |
31.03.2006 |
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Date
of Incorporation : |
March, 1988 |
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Legal
Form : |
Sole Proprietory Concern |
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Line
of Business : |
Reselling of computers and computer hardware and peripherals
including banded systems and total accessories. |
RATING & COMMENTS
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MIRA’s
Rating : |
Ba |
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
275000 |
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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 distributor of computer hardware.
Proprietor of the concern is reported as experienced, respectable and
resourceful businessman. His trade relations are fair. Payments are correct
and as per commitments. The concern can be considered good for normal business
dealings. |
LOCATIONS
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Registered
Office : |
AT/PO. Wagholi, Pune Nagar Road, Bakuri Phata, Pune – 412
207, Maharashtra |
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Tel.
No.: |
91-20-30217777 |
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Fax
No.: |
91-20-25536552 |
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E-Mail
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Website
: |
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Area : |
1200 sq. fts. (Owned) |
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Location : |
Commercial |
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Head
Office : |
650, Deccan Gymkhana,
Behind Stock Exchange, Pune –
411 004, Maharashtra, India |
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Tel
No.: |
91-20-25530389
/ 25521951 |
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Mobile
N.: |
91-9822078868 |
SOLE PROPRIETOR
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Name : |
Mr. Anil Mhaske |
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Designation
: |
Proprietor |
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Address
: |
At & P.O. Wagholi, Pune-Nagar Road, Bakuri Phata, Pune
– 412 207, Maharashtra. |
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Date
of Birth/Age : |
41 years |
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Qualification
: |
B.E.
(Computer Science) |
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Experience
: |
16 years |
KEY EXECUTIVES
|
Name : |
Mr.
Santosh Mhaske |
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Designation
: |
Manager |
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Tel
No. : |
91-9372630063 |
BUSINESS DETAILS
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Line
of Business : |
Reselling of computers and computer hardware and
peripherals including banded systems and total accessories. |
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Products
: |
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Terms
: |
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Selling : |
Contract, Credit (30 days), Cash and Advance (50%) |
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Purchasing : |
Contract, Credit (30 days) and Cash |
GENERAL INFORMATION
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Suppliers
: |
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Customers
: |
Companies and Individuals |
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No. of
Employees : |
200 |
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Bankers
: |
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Facilities : |
From Saraswat Co-operative Bank Limited : Cash Credit :
Rs. 30.000 millions |
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Banking Relations : |
Satisfactory |
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Auditors
: |
Tripathi and Company Chartered Accountants |
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Address
: |
Pune –
411 001, Maharashtra |
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Associates/Subsidiaries
: |
Nil |
CAPITAL STRUCTURE
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Capital
Investment : |
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Owned : |
Rs. 70.000 millions |
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Borrowed : |
-- |
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Total : |
Rs. 70.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales
Turnover |
1500.000 |
850.000 |
750.000 |
Expected Sales for the year
ended March 2007: Rs. 250.000 millions
LOCAL AGENCY FURTHER INFORMATION
Business:
Subject neither imports nor exports.
It purchases 100% from local market against Contract, Credit
(30 days) or Cash terms.
It sells 100% in local market against Contract, Credit (30
days), Cash or Advance (50%) terms.
The concern sells products of reputed brands such as HP,
WIPRO, TVSE, COMPAQ, LG, EPSON, INTEL, HP-COMPAQ Laptop, CUBIC Laptop etc.
Subject uses the address of its residence to save Octroi
Payment as it is outside Octroi limit.
Website Details Attached:
DATA CARE CORPORATION is the first & last stop for New
Building Retailers.
DCC Provide 1. Easy Method adopted to assess the new retailer, 2. Fast Process
adopted to assess the new retailer, 3. Liberal credit limit offered to
stabilize in the market, 4. Flexible credit period to enable him to have
sufficient funds at his disposal. And
above all 5. Offer products at the lowest possible price, and without 6.
Loading any extra cost for granting credit limit & credit period. Yes, this
is what Data Care Corporation stand for their entire retailer partner.
Dependable, Caretaker, Credible.
DATA CARE CORPORATION believes in the maxim grow with & not at the
cost of Retailers. They are Samsung
Star Elite Partner & Undisputed No1 Sub Distributor for HDD, Monitors,
Laser Printers, FDD, CD ROM, DVD, COMBO DRIVE & CD WRITER, Intel Premier
Provider for Intel Mother Boards & Processors, LG Sub Distributor for
Monitors, CD ROM, CD WRITER, DVD & PC, HP/Compaq Sub Distributor for
Branded PC, Laptop, LaserJet/ DeskJet/ Office jet/ Printers & Scanners,
Touch mate Distributor for Cabinets, Blank CDS & All peripherals, I
Ball Distributor for range of Cabinets, USB Hubs, Key Boards, Mouse,
Headphone MIC & Speakers, Channel Partner for Mercury Mother
Boards Cabinets, TV Tuner Cards, Mouse & Speakers, peripherals, Seagate
Premier Partner for Hard Disk, TVSE Sub Distribution Partner for Dot
Matrix Printer, Key Board, UPS, EPSON
Sub Distributor for Dot Matrix & Inkjet Printers, Iomega Channel
Partner for Zip Drives, Distributor
for Simmtronics Memory, Champion
Distributor for UPS, Channel Partner for ASUS, D-Link, Kodak, Sony,
Acer, Microtek, Toshiba
DATA CARE CORPORATION has it all, with the backup of the
best possible service in the market. Centrally located in the Deccan Area in
Pune City of Maharashtra, DATA CARE CORPORATION has made its name as the only
one at the top. From big dealers to small shops all in the market come for the
best to us.
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. 44.30 |
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UK Pound |
1 |
Rs. 87.61 |
|
Euro |
1 |
Rs. 57.61 |
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 |
|
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 |
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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 |