MIRA
INFORM REPORT
|
Report Date : |
30.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
PHOENIXS HRD SERVICES |
|
|
|
|
Registered Office : |
19/1, S.P. Kannuswamy Gonder Street, Sanganur Main Rodad, Near
Karuppurayan Temple, Sanganur, Coimbatore – 641027, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007 (Estimated) |
|
|
|
|
Date of Incorporation : |
2002 |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AFYPM2818P |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business : |
Subject act as a Service Provider of Manpower and HR Consultants, Also Undertake Overseas Placement and Visa Assistance Service |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Ms. Bindu (Management) of the concern remained non – cooperative
during current investigation. Subject is a well established concern having satisfactory track. Their
trade relations are fair. Payments are usually correct and as per
commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
|
Registered Office : |
19/1, S.P. Kannuswamy Gonder Street, Sanganur Main Rodad, Near
Karuppurayan Temple, Sanganur, Coimbatore – 641027, Tamilnadu |
|
Tel. No.: |
91-422-2333800/2333877/2333977/2333920/2441847/2441861 |
|
Fax No.: |
91-422-2333900 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
Small |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. M Kanagalakshmi |
|
Designation : |
Proprietor |
BUSINESS DETAILS
|
Line of Business : |
Subject act as a Service Provider of Manpower and HR Consultants, Also Undertake Overseas Placement and Visa Assistance Service |
|
|
|
|
Terms : |
|
|
Selling : |
Contractual |
|
|
|
|
Purchasing : |
Contractual |
GENERAL
INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
10 |
|
|
|
|
Bankers : |
Indian Overseas Bank, Coimbatore |
|
|
|
|
Facilities : |
Account since 2004 |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
|
Capital Investment : (Estimated) |
|
|
Owned : |
Rs. 0.500 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs. 0.500 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
|
31.03.2007
(Estimated) |
|
Sales Turnover |
|
|
12.000 |
LOCAL AGENCY
FURTHER INFORMATION
Website details attached :
PROFILE :
Phoenixs HRD Services is a professionally managed organization in India that offers overseas placement and visa assistance services.
THEIR SERVICES
Their services envisage recruitment of Indian minds in the overseas ventures
with the virtue of their skills and aptitude along with international travel
arrangements. The other side of their services include the provision of Travel
Visas through their official tie ups worldwide.
Subject provides following services :
v International Recruitments
v Travel visa for all parts of the world
v Student visa for Western and European Countries
v Foreign Service Provider
Travel visa services for all part of the
world
They specialize in fast, dependable and overnight visa services. The experience
gained by processing millions of travel documents guarantees to have the visa
handled quickly, accurately and professionally.
Student Visa Services
A student visa can be obtained from the Indian Embassy on the production of
proof of admission and means of sustenance while in India, etc. The visa is
valid for one year but can be extended in India for the duration of the course.
They shall help you in procuring a student visa, by the virtue of their streamlined services. They shall assist you to get the most authentic and crystallized information pertaining to every stage of the documentation process. Besides, they welcome you to drop in the queries and they shall get back to in the shortest possible time.
Foreign Service Provider
If you're ready to collaborate with the best and the brightest in thefield and
are all set to discover just how far the talents can take you, they invite you
to collaborate with us.
They specialize in International Recruitments worldwide. Armed with amassive databank & Computerised work environment they are all set to takethe global challenge. Currently, they plan to focus on recruitments inMidlle East, Europe, USA & Singapore.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.41.29 |
|
UK Pound |
1 |
Rs.82.30 |
|
Euro |
1 |
Rs.56.20 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|