MIRA
INFORM REPORT
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Report Date : |
27.04.2007 |
IDENTIFICATION DETAILS
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Name : |
MANIT CONSOLIDATED SERVICES |
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Registered Office : |
114, Prabhat Colony, Santacruz (E), Mumbai - 400055 |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1989 |
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Legal Form : |
Subject is a Sole Proprietory
Concern. |
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Line of Business : |
Dealer for CCTV products CCTV Equipments, Lie Detectors, Surveillance logging
Systems, X-ray Screening, Cellular Jammers, Night Vision Goggles. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 10000 |
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Status : |
Small Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a small importers, traders and providers of security and
other system. Trade relations
are fair, Business is steady. No payment are known. However the concern can be considered for small to mediocre business
dealings at usual trade terms and conditions. |
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LOCATIONS
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Registered Office : |
114, Prabhat Colony Santacruz (E) Mumbai - 400055 |
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Tel. No.: |
91-22-26151944 / 26109324 |
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E-Mail : |
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Website : |
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Area : |
400 Sq.fts. |
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Location : |
Rented |
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SOLE PROPRIETOR
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Name : |
Mr. Manoj Sapra |
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Designation : |
Proprietor |
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Date of Birth/Age : |
45 Years |
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Qualification : |
Under Graduate |
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Experience : |
25 Years |
BUSINESS DETAILS
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Line of Business : |
Dealer for CCTV products CCTV Equipments, Lie Detectors, Surveillance
logging Systems, X-ray Screening, Cellular Jammers, Night Vision Goggles. |
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Agencies Held : |
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Imports : |
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Products : |
CCTV Products and Surveillance Equipment |
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Countries : |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
L/C, Cash Credit |
GENERAL INFORMATION
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Customers : |
Institutional Corporate |
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No. of Employees : |
6 |
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Bankers : |
Bank of Khar Danda, Mumbai – 400 052 |
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Facilities : |
Cash Credit Rs.1.700 Millions |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
D S K & Associates, Chartered Accountant |
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Address : |
Mumbai |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.1.000 Million |
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Borrowed : |
Rs.1.700 Millions |
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Total : |
Rs.2.700 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
80.000 |
60.000 |
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Expected Sales (2007-08) : Rs.80.000 Millions
LOCAL AGENCY FURTHER INFORMATION
Trade Reference :
- Citi Bank
N.A.
- Hiranandani
Diamonds
- Najabhai
Jewellery
- Tribhuvandas
Bhimaji Zaveri
Company Profile
The Company is Security
System Solution provider based in cities of Mumbai & New Delhi in
Till date Citibank
is a customer, the
MCS has the unique
advantage of being a distributor to many quality equipment suppliers in the
world & has the technical excellence to maintain them for their customers.
Elaborate networks of Local agents promote products & create sales for MCS.
Many first have been achieved by MCS in
Authorized representatives of :
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Control Screening Equipment USAFor
Baggage X-Ray & Explosive Detection Equipments,
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Bull Dog Technologies Inc. Specialist in
Wireless Container & Tanker Security Systems.
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Britannia 2000 Ltd. U.K. For
specialized Video Surveillance Products Military Grade,
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OAO Robotics. USA, for De-Mining Anti
– personal & Anti Tank Mines,
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Voice Print International.USA. for
Voice Logging solutions,
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Arunta Pty. Ltd.
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Decatur Electronics,Inc. USA, For
Speed Radar in the K-Band,
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Ifocus Pty. Ltd. Singapore for
Digital Video Recorders,
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DigiVox for Legal Interception Solutions
for GSM & Landlines,
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Video
Communication Technology. Canada for Audio/Video Rx/Tx,
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American
Technologies Network Corporation for Night Vision Devices.
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American Science & Engineering for
Cargo & Container Scanners using patented Backscatter technology.
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JVC Japan for the state of Art in CCTV
technology.
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Security-Lab ITV Russia for specialized
Video recording solutions.
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The Company was the first to provide Transaction
Verification System to our Banking customers the solution was worked out for
NCR ATMs
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The Company was the first to offer the Telephone/Cellular
interception system to the Police department using voice logger &
indigenous equipment,
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The Company was the first to offer to the
Finger Print department a product which could see latent finger print in a crime
scene without processing or using chemicals. The company constantly tries &
customizes solutions to exceed customer expectations.
The company has
reached their position by constantly working with State of the Art technology
& combining the same to create unique solution for our customers. The
Company has got trained personals for the various products The Company offer to
maintain & service this equipment as after sales service is an important
are of revenue generation for them besides it keeps them updated. The Owner of
the company is also a qualified engineer; integrating technology comes easily
to MCS. The strength of
the company is its unique ability to offer competitively priced products &
excellent sourcing of equipments with assured after sales support. Having done
International business with countries across the globe, The Company has the
confidence to do business for specialized equipment from creating a need to
after sales support.
It’s aim is to
reach out in the
Please feel free to
get in touch with us to be their Partners as Local regional distributor or as a
Supplier of Law Enforcement Product/Solutions interested in establishing in the
region.
Role of MCS
To
proactively make specific market inroads for Products & Solutions, create
or identify Projects and strategic regional Partners for their Principals world
wide in markets of South East Asia & The Middle
East.
The Company offer Advice, Sales & System Development.
The Company configure customized solutions; for prospective local customers,
The company create local alliances, distribution/dealership or Teaming
arrangements with established & well connected Local partners. The Company
promote & market products/ solutions from their Principals, if required
also participate in Project implementation. The Company Support subsequent
after Sales & Services for the customers in the region for their Principals & Local Partners to create Win-Win results
& Synergy for all concerned.
The Company interface with Principals who are specialist
Solution providers to customers through their specialist Local partner to
integrate, supply, execute & support the customized solutions of their
Principals. It’s Local Partners cater to
the local customer’s specific requirements which are either created or
converted to their Principals solutions.
Objectives
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Gain
efficiencies & increase market presence for our Principals in Sales &
Marketing for the region.
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Actively
seek and create local distribution/sales opportunities.
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Issue
progress report activity to our Principals on Action Items.
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Act
as eyes and ears on competition and market issues.
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Offer
other services, which assist in overall profit increase.
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Promote
Principals image through current contacts.
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Offer
Training on managed products/solution & services to distributors, dealers
& project partners.
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Work
on pricing, promotion, and promotional issues for distributor & dealer
relationships.
The Company partner with Principals/Integrators, and provide
them with the above listed services, without creating overhead and costs
associated in supporting a Regional Sales and Marketing Division.
Introduce and offer high quality products and solutions to
help them expand their business and become leaders in their countries for the
markets served. Create efficiencies by handling multiple issues resolved
through one contact. Offer other business services which assist in their growth
and businesses. Create business synergy to work with international
Solution providers.
Work hard with the Principals & Local
Partners to create brand demand and high visibility in their markets for their
Solutions.
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.41.18 |
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1 |
Rs.82.02 |
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Euro |
1 |
Rs.56.07 |
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 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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 |
NO |
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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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37 |
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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