MIRA INFORM
REPORT
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Report Date : |
05.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
THARANK TECHNIKS |
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Registered Office : |
29,Mangal Arcade, Telco Road, Mohan 411019 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
2001 |
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Legal Form : |
Sole Proprietorship Concern |
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Line of Business : |
Manufacturer of water Treatments System and Equipments, waste water
Treatment System and Ro Plants. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Maximum Credit Limit : |
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Status : |
Poor |
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Payment Behaviour : |
Slow and Delay |
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Litigation : |
Clear |
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Comments : |
Subject is small and unknown concern. Proprietor is rough and rude. He
intends demand refund from Trade India .com. The concern do not appear to have
significant business. It is not favorably spoken in the domestic market.
Spoken in the domestic market. The Concern can be considered for any business dealings on safe and
secured trade terms and conditions only. |
LOCATIONS
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Registered Office : |
29,Mangal Arcade, Telco Road, Mohan 411019 |
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Tel. No.: |
91-20-27463130 |
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Fax No.: |
91-20-27463130 |
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Area : |
400 Sq.ft |
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Location : |
Rented |
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SOLE PROPRIETOR
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Name : |
Mr. Jithendren A. |
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Designation : |
Proprietor |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Water Treatments System and Equipments, waste water
Treatment System and Ro Plants. |
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GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
Total :2 (office:2) |
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Banking
Relations : |
Unknown |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.100 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 0.100 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2006 |
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Sales Turnover |
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1.000 |
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LOCAL AGENCY
FURTHER INFORMATION
THARANK TECHNIKS
About Them
Tharank Techniks is one of the reputed manufacturers and exporters of
Water Treatment Systems and Equipments, Wastewater Treatment Systems and RO
Plants for domestic purposes. Established in 2001, the company offers broad
spectrum of Water Treatment Implements to its clients on the basis of their
specifications. Their company has climbed up the ladder of success due to their
unwavering commitment to quality. They endeavor to offer acceptable standards
of premier quality Water Treatment Systems with affordable prices.
Their company's mission is to provide ultimate satisfaction to all their
esteemed clients by maintaining high standards of quality and constant
innovations. Each product is meticulously crafted and stringent checks are
implemented at various stages to ensure a consistent quality of the finished
products. Their machineries and equipments are supplied conforming to the
international standards duly inspected by the inspection agencies.
The entrepreneurial thrust combined with sound management capabilities and
innovative technological know how have acted as a catalyst to consolidate their
Water Treatment Systems and Equipments in the market. They assure their
customers the finest infrastructural set-up and excellent team of qualified
professionals to serve their customers the best. Their sound infrastructural
facilities and experienced workforce from the industry enables them in their
endeavor to produce premier quality Water Treatment Systems and Machineries.
They have state-of-the-art production unit that is well-equipped with
high-technology machineries. They understand their client's requirements so as
to meet their expectation levels.
Their good quality services match the international standards as they believe
in maintaining long-term business relationships with their customers. What distinguishes
them from others is the unique combination of category experience and personal
service. They have a team of technically trained professionals who are enriched
with relevant experience and expertise to provide premier quality products at
the most affordable rates.
Their Product Range
Superior quality, Diverse designs and Reasonable pricing are their main
advantages and makes their products more competitive in the international
market. The company's USP has been its high level of professional efficiency in
all its operational mechanism catering to the demands and preferences of the
marketplace. Their wide range of machineries includes:
- Water
Treatment Systems and Equipments
- Wastewater
Treatment Systems
- RO Plants
Today, science and technology is developing very quickly. Their company
is utilizing advanced technology to transform the traditional industry with
constant innovations, a sense of responsibility, spirit of integrity, drive for
improvement and obligations to uphold first rate of technology, service,
quality and management.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.29 |
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UK Pound |
1 |
Rs.86.62 |
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Euro |
1 |
Rs.58.53 |
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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