MIRA
INFORM REPORT
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Report Date : |
21.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
VPL INFOTECH & CONSULTANTS |
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Registered Office : |
301, Savitri Sadan II, 15 Community Centre, Preet Vihar, New Delhi |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1996 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners |
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Line of Business : |
Designing and Merchandizing device programmers, Device Testers, In –
Circuit Emulators and PC based Measurement and Automation Products |
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 10000 |
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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 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 : |
301, Savitri Sadan II, 15 Community Centre, Preet Vihar, New Delhi |
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Tel. No.: |
91-11-22542234/2254654 |
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Fax No.: |
91-11-25024876 |
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E-Mail : |
vplinf@rediffmail.com, vplinf@ndb.vsnl.net.in, peswanivinod@yahoo.com |
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Website : |
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Area: |
3500 sq. ft |
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Location: |
Owned |
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Head Office : |
48, (GF) Raj Industrial Complex, Military Road, Marol, Andheri (East),
Mumbai – 400059 |
PARTNERS
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Name : |
Mr. Vinod Peswani |
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Designation : |
Partner |
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Date of Birth/Age : |
48 Years |
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Qualification : |
M. Tec |
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Experience : |
23 Years |
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Name : |
Mrs. Poonam Peswani |
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Designation : |
Partner |
BUSINESS DETAILS
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Line of Business : |
Designing and Merchandizing device programmers, Device Testers, In –
Circuit Emulators and PC based Measurement and Automation Products |
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Exports : |
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Countries : |
Bangladesh, Sri Lanka, Europe etc |
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Imports : |
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Countries : |
Taiwan, China, USA, Europe etc |
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Terms : |
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Selling : |
L/C, DA, DP and Cash and Credit (30 days) |
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Purchasing : |
L/C, DA, DP (30 days) |
GENERAL
INFORMATION
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Suppliers : |
Green Mountain Computing Systems, INC Post Box – 8454, Essex, VT 05451 Euro EDA Limited Britannia House, Station Road, Kettering NN15 7HJ, United Kingdom ASIX s.r.o. Staropramenna 4, 15000 Prague, Czech Republic Precision Electronics Limited |
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Customers : |
v Big Corporate
House v IT Companies |
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No. of Employees : |
25 |
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Bankers : |
v Syndicate Bank,
Nirman Vihar, New Delhi – 110092 v ICICI Bank
Limited, Preet Vihar, New Delhi – 110092 |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
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Memberships : |
Nil |
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Collaborators : |
Nil |
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Associates/Subsidiaries : |
Vinytics
Peripherals Stared in 1981 converted into Private Limited in 1984 Vinytics Peripherals Private Limited Registered On – 22.10.1984 Registration No. 019253 CIN. No. U74899DL1984PTC019253 Registered Office – WB – 10, Shakarpur, Delhi – 110092 Line of Business – Developing Microprocessor, PC based products for
Educational Training, Measurement Testing and Automation Application |
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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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70.000 |
60.000 |
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Profit/(Loss) Before Tax |
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10% |
NA |
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Provision for Taxation |
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- |
- |
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Profit/(Loss) After Tax |
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8% |
NA |
LOCAL AGENCY
FURTHER INFORMATION
As per website
Details
With a goal of VPL Infotech & Consultants to be the leading Indian Company designing, manufacturing & merchandizing device programmers, device testers, In-Circuit Emulators and PC based measurement and automation products. They are committed to provide to their valued customers the most comprehensive development, support and services.
In the product line of Device Programmers handy serial programmer was first professional programmer, which supports EPROMS, EEPROMS, FLASH, Micro controllers and latest BIOS(s). Later were born a series of universal programmers, which are connected to desktop and notebook via printer port. VPL also offers a complete series of programming adopters for SMD chips e.g. PLCC, SOIL, TSOP, QFP etc.
With using up to the minute technology VPL offers PC based process control and real time application all over the world, they got PC add-on cards like A/D, D/A, I/O, OPTO, Relay, IEEE-488, signal processing etc. A/D cards are able to acquire from 60 kHz. /sec To 20 MHz /sec of sampling with a simultaneously sampling too.
VPL fully understand their customers high demand for good quality and product at reasonable and affordable price, for which they believe to be the key to progress the company’s business in the long run. One real benefit they received and passed on to their customers as a result of their quality commitment is the 24 months warranty for their products.
VPL also offers The Servicing aids for servicing of PCs provides faster and easy solutions to all computer users manufacturers and servicing professionals. Their R&D have developed CPLD board, In-circuit Emulator for Microcontrollers 51 & 196 series and Universal Digital and Analog IC Testers.
Being good R&D Professionals, they also have a credit to design custom-built equipments, Hardware & Software upgradation/solution for their valuable customers.
Product Range
v
Data
Acquisition Cards (PCI/ISA)
v
Internet/Ethernet
Embeded Controller
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Remote Data
Acquisition and Control module
v
FPGA/VHDL/CPLD/PAL/Smart
Card/Finger Print Trainers
v
DasyLab
Software for Data acquisition and Process Control
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 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.43.98 |
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UK Pound |
1 |
Rs.85.59 |
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Euro |
1 |
Rs.58.49 |
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 |
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 |
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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