MIRA
INFORM REPORT
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Report Date : |
07.07.2007 |
IDENTIFICATION DETAILS
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Name : |
CON – TECH CONSULTANTS |
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Registered Office : |
101, Dhanashri Bhavan, Thane – 400 601, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2002 |
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PAN No.: [Permanent
Account No.] |
ADUPT2652G |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturers and re-sellers of various concrete products and concrete
testing instruments and providing services for v
Ready Mixed concrete v
Concrete Consultancy v
Concrete Testing Instruments and Equipments v
Research and Development in Advance Concrete v
Structural Rehabilitation consultants v
R.C.C. Consultants |
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 : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed concern having satisfactory track. Proprietor is reported as experienced and
respectable businessman. Trade
relations are reported as fair.
Business is active. Payments
are 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 : |
101, Dhanashri Bhavan, Thane – 400 601, |
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Tel. No.: |
91 -22- 25432093 |
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Mobile No.: |
91-9821860377 |
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Fax No.: |
91-22-25444016 |
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E-Mail : |
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Website : |
Under Construction |
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Area : |
500 Sq. fts. |
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Location : |
Owned |
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Concrete
Research / Testing Laboratory |
CCRT Laboratory, Opposite Bharat serums and Vaccines Laboratory, Road
No. 27, Wagle Estate, Thane – 600 604, Maharashtra, India |
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Tel. No.: |
91-22-25820536 |
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Fax No.: |
91-22-25820536 |
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Area : |
600 Sq. fts. |
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Location : |
Rented |
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Warehouse: |
Devi Pada, Taloja, MIDC, District: Raigad, |
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Area : |
400 Sq. fts. |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Vikram Tambvekar |
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Designation : |
Proprietor |
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Address : |
10, Girivihar, Plot No. 74, Shivai Nagar, Thane (West) – 400 606, |
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Date of Birth/Age : |
50 years |
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Qualification : |
B. E. Civil |
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Experience : |
27 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and re-sellers of various concrete products and concrete
testing instruments and providing services for v
Ready Mixed concrete v
Concrete Consultancy v
Concrete Testing Instruments and Equipments v
Research and Development in Advance Concrete v
Structural Rehabilitation consultants v
R.C.C. Consultants |
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Products : |
v RCPT System – A
testing system for testing the concrete for durability aspects. v Crack-Nil-100PL
– Mineral Admixture for plastering of the buildings. |
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Terms : |
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Selling : |
L/C, Credit (30 days) |
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Purchasing : |
L/C, Credit (30 days) |
PRODUCTION STATUS
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Particulars |
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Actual
Production |
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RCPT Set Up |
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Digital Monitor
for various cells |
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Crak Nil – 100 PC |
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Mineral Admixture
for plastering work. |
GENERAL INFORMATION
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Customers : |
v
RMC Ready Mix India Limited (MNC – v
Elkem India Private Limited, Navi Mumbai (MNC,
Norway Base company) v
Nuclear Power corporation of India Limited (Government
of India undertaking) v
Hindustan Construction Company Limited, Mumbai v
Ambuja Cements Limited, Research and Development
Laboratory, Mumbai |
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No. of Employees : |
17 (Office: 07; Factory: 10) |
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Bankers : |
Rupee Co-operative Bank Limited Thane – 600 602, |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
v
S. V. Engineers Address: 101,
Dhanashri Bhavan, Thane – 400 601, Line of Business:
Construction and Structural Rehabilitation v
Vikram Tambvekar
and Associates Address: 101,
Dhanashri Bhavan, Thane – 400 601, Line of Business:
Providing professional services for Civil and structural equipments. |
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]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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1.000 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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1.000 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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1.000 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.200 |
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Capital work-in-progress |
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0.100 |
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INVESTMENT |
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0.100 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.200 |
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Sundry Debtors |
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0.150 |
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Cash & Bank Balances |
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0.150 |
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Other Current Assets |
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0.025 |
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Loans & Advances |
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0.100 |
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Total
Current Assets |
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0.625 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.100 |
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Provisions |
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0.025 |
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Total
Current Liabilities |
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0.125 |
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Net Current Assets |
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0.500 |
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MISCELLANEOUS EXPENSES |
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0.200 |
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TOTAL |
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1.000 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
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Sales Turnover |
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2.000 |
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Other Income |
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0.000 |
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Total Income |
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2.000 |
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Profit/(Loss) Before Tax |
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0.200 |
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Provision for Taxation |
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0.010 |
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Profit/(Loss) After Tax |
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0.190 |
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Total Expenditure |
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1.800 |
KEY RATIOS
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PARTICULARS |
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31.03.2007 |
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PAT / Total Income |
(%) |
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9.50 |
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Net Profit Margin (PBT/Sales) |
(%) |
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10.00 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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24.24 |
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Return on Investment (ROI) (PBT/Networth) |
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0.20 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.125 |
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Current Ratio (Current Asset/Current Liability) |
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5.00 |
LOCAL AGENCY FURTHER INFORMATION
Introduction
Subject is a team of Civil / structural
Engineers, Architects. Providing their professional services in the field since
1980
During the tenure of 27 years they had
designed, executed many structure like residential, commercial, Industrial etc
of various location in
Major / Important Jobs Executed
Tarapur atomic Power
Project (3 and 4) for RCPT (Government of India Enterprises)
Concrete and Structural
Consultancy for various projects for Alibag municipal Council, District –
Raigad
Concrete Consultants for
M/S. Enercon India Limited (MNC –
Resurfacing and water
proofing at basement area, structural designs, for M/s. Chougale Industries
Limited,
Structural Designs for
various Industrial sheds, foundations, internal additions / alterations, etc.
M/s. Blue Star Limited at Thane Factory, district – Thane
Concrete consultant for
M/s. Corniche (
Structural consultant for
Warehouse (10, 600 sq. mtrs. Area) and office building and other related work
for M/s. AMLF Logistics Private Limited at Kon, Panvel, District – Raigad
Structural Consultant for
complete Factory units about 30,000 sq. mtrs. Area and office building (1,500
sq. mtrs.), 100 mtrs X 50 Mtrs, 6 factory units under construction for M/s.
Hindustan Stainless Steel at Khalapur Rasayani Road, Khalapur, District –
Raigad
Structural consultants
for Commercial and Residential project at Poynad, District – Raigad for Smt.
Minakshi Patil
Residential Bunglow for
Mr. Vishnu Savara at Wada, District – Thane
Acid resistance harden
industrial concrete flooring (Designand Application) and other various types of
structural designs etc for M/s. Owens Corning (
Technical Specifications of test equipment
1. Chloride permeability cell
Size: 240mm x 180mm x
150mm
Material of construction:
Nylon
2.
Chloride permeability monitor (fully automatic micro-processor based)
Precision D C Voltage
source : 60 volt
Current range : 0 to 100mA
Digital read out : LED display –
Coulomb Value
Power : AC 2130
volts, 50 Hz
3. Specimen conditioning Set-up
High Vacuum Desiccators
with necessary accessories
Vacuum Pump
Vacuum Gauge of high
accuracy
Reservoir Bottle
Suitable stand and
Fittings
Activities
Concrete Consultancy Services
High strength concrete
High Early Strength
concrete
Pumpable Concrete
Instruments : Design and Development
v Rapid Chloride Penetration Test
v Maturity Meter
v Corrosion Monitoring System
v Equipment for blending powders
Product Research
© Performance improver for mortar /concrete
© Joint less flooring
© Heavy duty industrial flooring
© Corrosion arresting technique
© Micro concrete – Micro-con 100 MC
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. 40.41 |
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1 |
Rs. 81.37 |
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Euro |
1 |
Rs. 54.98 |
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 |
NO |
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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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