MIRA
INFORM REPORT
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Report Date : |
31.05.2007 |
IDENTIFICATION DETAILS
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Name : |
THE CORPORATE PROFILES |
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Registered Office : |
P -23 – 2, 2nd Floor, N D S E – II, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1986 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Service Provider consultants and negotiators. |
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 6000 |
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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 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 : |
P -23 – 2, 2nd Floor, N D S E – II, |
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Tel. No.: |
91-11-26265020 / 41641972 |
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Mobile No.: |
91-9810104060 |
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Fax No.: |
91-11-26265021 / 41641792 |
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E-Mail : |
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Website : |
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Area : |
1500 Sq.fts. |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Neeraj R. Bhatnagar |
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Designation : |
Proprietor |
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Date of Birth/Age : |
52 years |
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Qualification : |
Mechanical engineer |
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Experience : |
26 years |
BUSINESS DETAILS
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Line of Business : |
Service Provider consultants and negotiators. |
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Terms : |
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Selling : |
Advance, Cash or Credit (30 days) |
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Purchasing : |
Cash or Credit (30 days) |
PRODUCTION STATUS
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Installed capacity, Actual production |
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GENERAL INFORMATION
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Customers : |
Ø
Department of Post, Ministry of Communication, Ø
Pradeshiya Industrial and Investment Corporation
of Uttar Pradesh (PICUP), Ø
Rajasthan Industrial and Investment Corporation
(RIICO), Jaipur, Rajasthan Ø
State Industrial Development Corporation of
Maharashtra (SICOM), Mumbai, Ø
MECON Limited, Ø
Haryana State Industrial Development Corporation
Limited (HSIDC), Ø
Punjab Agro Industries Corporation Limited,
Ministry of Communication,
Ø
Hero Group, Ø
UT Limited, Ø
MWP –MIGMA Limited, Ø
Mission Flora India Limited, Ø
Bharat Forge Limited, Pune Ø
Schnelder Groups, Ø
Morgan Industries Limited, Chennai (Mr.
Balasubramanium of Reliance Group) Ø
J B Export Limites, Ø
Ø
Titan Medicare Limited., jaipur (Buy-back with
Marubeni Ø
Taipack Limited, Ø
Ms Group, Ø
Macawber Beekay Limited.,
Ø
§
Mitsubishi §
Sumitomo §
Matsushita §
NGK §
Asahi §
Tanita §
Marubeni Ø §
CommScope §
A.O. Smith §
Genie Industries Ø §
Samsung Ø §
Schneider Electric Group §
Richel Ø Hongkong §
Consumer market Research Ø §
Dalsem §
Geerloff §
Stockman Roses Ø §
Clive Llyod Group Ø §
Holind Management Services Ø §
Fairlee Fruit Juice Limited |
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No. of Employees : |
15 |
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Bankers : |
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Syndicate Bank, Hauz Khas, |
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Facilities : |
Rs. 1.200 millions |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
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Name: |
The Corporate International |
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Address: |
P -23 – 2, 2nd Floor, N D S E – II, |
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Line of
Business: |
Deals in UPS Systems, Inverters, Converters, constant Voltage
Transformers Automotive Parts. |
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Sales Turnover: |
Rs. 2.000 millions |
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Name: |
The Questors |
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Address: |
P -23 – 2, 2nd Floor, N D S E – II, |
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Line of
Business: |
Human Resources Consultant |
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Sales Turnover: |
Rs. 4.000 millions |
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Name: |
The Corporate Group |
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Address: |
P-24, First Floor, NDSE Part _ II, |
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Tel No.: |
91-11-2626 5020 / 5164 1792 |
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Fax No.: |
91-11-2626 5021 |
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E mail: |
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Website: |
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Name: |
Lifeline Laboratories |
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Line of
Business: |
Pathological Services – Clinic Testing |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.500 millions |
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Borrowed : |
- |
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Total : |
Rs. 1.500 millions |
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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5.000 |
4.000 |
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Profit/Loss for the year |
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8% |
NA |
Expected Sales (2007-08) : Rs. 15.000 millions (Till date Sale Turnover:
Rs. 4.000 million May 2007)
LOCAL AGENCY FURTHER INFORMATION
The
concern is manufacturer, Importer, Exporter, Dealer, commission Agent etc. It
is a Service provider consultants and
negotiators.
Analysis
v It provides information about Indian Laws, Rules, and Duties etc.
v They assist in getting all Government approvals / consents.
v They develop infrastructure facilities in
v They have the setting up distributor and dealer network in
v They prepare Techno-Economic Feasibility reports.
Website details attached:
Subject established in 1986, accredited, and has been providing business strategies and services for setting up New Projects with Foreign Collaborations, conducting Market Research and Preparation of Feasibility Reports.
TCP are
approved consultants by Industrial
Development Bank of India (IDBI), the apex Financial
Institution of India.
Since then, TCP has conducted
over 300 projects,
interviewing more than 25,000 consumers across all management and economic
sectors covering industrial, consumer and business-to-business qualitative
& quantitative research representing all segments of industries worldwide.
TCP has their own library and in-house database maintaining separate files on products, industries and business houses, updated on daily basis.
STRENGTH & CAPABILITY
We are a 17 years old firm engaged in projects & Market Research
Approved Consultants by IDBI, since 1988, for providing project consultancy:
- Preparing techno-economic feasibility reports
- Project Appraisal
- Carrying out Market Survey
Have carried out several market research assignments covering more than six cities many a times for both industrial and consumer products.
Have conducted several repeat assignments for most of the clients.
Our clients comprise among first 15 companies in the world and Government Departments.
Have inhouse library comprising both technical and commercial information
The owner himself is a technical person and can understand the technicalities better.
OUR APPROACH & MISSON: Holistic and to do this report better than the last one.
We specialize in handling new projects.
We can conduct an assignment on all
Strategize, Identify, Plan
New, Expansion and Modernize Projects
Arrange Foreign Colorations
and Joint Ventures
Preparation of
Techno-Economic Feasibility Reports as per FI norms
Source Worldwide
Plant & Machinery
Raw Material
Marketing Services and
Solutions:
Ad & Media Tracking Studies
Image Studies Covering
Brands - Products
Corporate - Promoters
Product & Concept Testing
Mystery Shopping & Dinning Surveys
Neighborhood Attitude Surveys
Measuring Magazines:
- Readership - by Gender/Age
- Readers' Profile - Demographics/Psychographics/Hobby/Leisure activities
Purchase-related factors/Opinions & attitudes/articles.
- Ad effectiveness
- Contract Index - readers' interaction with magazines
Market Potential Analysis
Competitors Analysis
Market Segmentation
Price Elasticity
Location/Site Evaluation Surveys
Lifestyle Research
Identify Product Attribute Drivers that drive purchasing and assess future market shares by volumes such as:
- Brand name - Base price
- Package type - Size
- Flavor/Color/Specs./etc...
Identify Marketing Elements
and Analyze:
Base Price
Trade Promotion effects (temporary price reductions, displays; features and
frequent shopper features)
Coupons (FSI, direct mail, and in-store)
Advertising (by campaign)
Corporate Reputation
Management Research with:
Consumers - Vendors - Investors – Employees
Based on criteria such as:
Status Reports - Products
and Industry – Global
Demand Forecasting
Market Intelligence and
Analysis - Products, Companies, Promoters, Business Houses
Traffic Management and
Origin-Destination Surveys-Highways etc
Manufacturers' profiles
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. 40.73 |
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1 |
Rs. 80.43 |
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Euro |
1 |
Rs. 54.74 |
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 |
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 |
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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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/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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