MIRA
INFORM REPORT
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Report Date : |
05.06.2007 |
IDENTIFICATION DETAILS
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Name : |
AMAN OVERSEAS |
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Registered Office : |
305, 3RD Floor, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2000 |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the partners. |
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Line of Business : |
Human Resource Consultants for industrial an services sector such as
petrochemical, Construction, Hospitality, information Technology, Medical and
other Allied Services. |
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 : |
- |
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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. Partners are reported as experienced and respectable businessmen. Trade
relations are 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 : |
305, 3RD Floor, |
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Tel. No.: |
91-11-65072112 / 41359469 |
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Mobile No.: |
91-9818297732 (Mr. Mohammad Hassan) 91-9810278662 (Mr. Hasnain Kausr) |
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Fax No.: |
91-11-26193242 |
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E-Mail : |
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Website : |
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Area : |
800sq.fts |
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Location : |
Owned |
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Branches : |
Associate’s offices in Mumbai, Chennai, |
PARTNERS
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Name : |
Mr. Mohammand Hassan |
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Designation : |
Partner |
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Date of Birth/Age : |
45 Years |
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Name : |
Mr. Hasnain Kausr |
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Designation : |
Partner |
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Date of Birth/Age : |
40 Years |
BUSINESS DETAILS
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Line of Business : |
Human Resource Consultants for industrial an services sector such as petrochemical,
Construction, Hospitality, information Technology, Medical and other Allied
Services. |
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Exports : |
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Countries : |
Gulf Countries |
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Terms : |
NA |
GENERAL INFORMATION
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No. of Employees : |
6 |
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Bankers : |
Bank of Munirka, |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Techplexus Consulting Private Limited 16, Vidya Apartment, Pashim Vihar, E – Mail: resume@techplexus.com Website: www.techplexus.com CIN: U72200DL2001PTC110508 Activities: same Paid Up Capital: Rs.0.100 millions |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.0.500 / 0.700 millions |
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Borrowed : |
- |
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Total : |
Rs.0.500 / 0.700 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
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Sales Turnover |
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5.000 |
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Gross Profit |
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14% |
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Profit After Tax |
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8% |
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LOCAL AGENCY FURTHER INFORMATION
Company profile:
Subject takes the opportunity to introduce
themselves as Human Resource Consultants for industrial and service sector such
as Petrochemical, Construction, Hospitality, Information Technology, Medical
and other allied services.
Subject are approved by the Ministry of Labor, Govt. of India holding License
No. 4617/DEL/PER/300/05 /7256/2005. & Situated in heart of
They are having a large network & team of experienced recruitment officers
all over
Truly
independent Human Resource Consultancy. Aman Overseas has been committed to
providing both clients and candidates with an unrivalled level of service. They
are registered with the Government of India
(License Number: 4617/DEL/PER/300/05/7256/2003). They have their associates
offices in Mumbai ,
Whether they are
conducting national or international searches, they always maintain the same regard
for confidentiality and quality of service, and their goal to exceed their
expectations – the first time, every time.
CONSTRUCTION
They provide Human Resource
Consultancy Services to :-
• New build construction companies
• Housing developing companies all over the world
• Refurbishment Contracting Companies
(commercial/office/private)
• Road construction and maintenance companies
• Companies for Bridge and tunnel
construction/maintenance
• Companies for Marine, port and dam works
• Water treatment companies
Vacancies which they expect from our
clients
• Quantity Surveying (All Levels)
• Commercial Management
• Engineering (All Levels)
• Site Management
• Contracts Management
• Project Management
• Estimating
• Planning
• Buying
Below mentioned
workers vacancies :- bricklayers, site managers, plasterers, tillers, laborers,
roofers, fitters, pipe fitters, handymen, steel fixers, foremen, carpenters,
gangs, ground workers, plumbers, electricians, electrician's mates, painters,
decorators, welders, plumbers mates, excavators, lull laborers, draughtsman,
pipe fitters mates etc.
ENGINEERING
They provide
Human Resource Consultancy Services to :-
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ARCHITECTURE/ BUILDING & CONSUTRUCTION ENGINEERING
In addition to
mainstream construction disciplines such as site engineers, COW's, surveyors,
electricians, welders, supervisory and trades personnel, they have expertise in
the recruitment of specialist construction disciplines including geotechnical
engineers, inspection personnel and claims analysts.
CHEMICAL & PROCESS ENGINEERING
In addition to
mainstream disciplines such as process design, maintenance, piping design, lab
personnel and support staff, they have considerable expertise in the
recruitment of specialist disciplines including stress analysis, validation,
equipment, vessel engineers, analytical and research chemists, senior project
management and many others.
ELECTRONICS ENGINEERING
Their
Electronics/New Technology Recruitment Division has a proven track record of
supplying professional and support personnel to a range of clients in the
industry. In addition to mainstream disciplines such as project engineers and
managers, designers developers and technicians, they have expertise in the
recruitment of specialist electronics & new technology disciplines
including ASIC's EDA Tools, real-time embedded applications, systems
architecture and many more.
OIL & GAS
The employment
services they provide offer a flexible human resource solution to facilitate
the peaks and troughs in demand for specialist personnel in today’s modern Oil
and Gas businesses.
Aman Overseas’s specialist Oil and Gas personnel have supported their clients'
through all the stages of design, construction and implementation of the very
first generation of offshore oil/gas platforms to onshore refineries, tension
leg platforms, pipeline and subsea completions, in the UK and worldwide. This
support has continued on the more recent deep-water drilling and floating
production storage vessel projects.
AUTOMOTIVE ENGINEERING
Aman Overseas
are arranged into industry specific business units. They employ dedicated
automotive employment teams with specialist automotive industry knowledge
HOSPITALITY
As anyone in the hospitality industry will tell you the key to success is
preparation. you make a point of choosing the freshest integrants to complement
and enhanced our menu, leaving the customer’s taste buds craving for more.
MEDICAL
It
has always been a core competence area for Aman Overseas. Over the years, it
has placed people overseas in various capacities in hospitals, nursing homes,
research centers and private clinics.
In similar vein, their leading reputation in hospitality industry has been
built on this simple understanding to provide them the finest staff.
MANUFACTURING
In the all
encompassing area of manufacturing, Aman Overseas covers barment, rubber, tyre
& flrro Industry.
REFINERIES
In the highly
specialized area of refineries and its allied fields, Aman Overseas has a rich
pool of talent covering Oil & Gas, Power & Petrochemical sector.
CORPORATE
In the emerging
world economy corporate sector has a vital role to play. Realizing this, Aman
Overseas has, over the years, generated a pro-active database for banking and
financial sector.
INFORMATION TECHNOLOGY
The IT revolution is here and Aman Overseas is
compatible with it. It has a quality and growing database to place young and
dynamic people in the areas of telecom, software, hardware, Calls Centers etc
They follow a highly competitive & standardized
methodology for the process of selecting ‘the best’ from amongst ‘the best’. it
involves following steps: -
• They
start working on the exact job specification, salary structure, numbers required
and other terms and conditions of employment given by clients.
• They send the selected cvs to their clients through
their databank or by giving advertisement in the leading newspapers in
• After getting pre-selection from clients they
pleased them for final selection by their representative or their engineer.
they can also arrange for video conferencing facilities.
• After selection they take declaration by selected
candidates, if they accept they sent them for medical examination. then they
asked the candidates to submit their medical fitness report along with original
passport. After the receipto of the same they request the clients to process
the visa.
• They keep the candidates ready for departures at a short notice. they also complete the travel formalities. they also give thorough orientation before deployment about working conditions etc. to make better productivity.
They stand by their commitment to supply specialized resources in terms
of better & motivated individuals and in numbers and volumes that would
confound an average human resource consultant. they provide reliable &
productive professionals to their clients & believe in being honest,
hardworking and upfront at all times. they believe that when you provide a good
service and treat people with respect, everything else will follow.
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.40.56 |
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1 |
Rs.80.81 |
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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 |
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 |
YES |
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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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