MIRA
INFORM REPORT
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Report Date : |
12.05.2007 |
IDENTIFICATION DETAILS
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Name : |
ARUN KAPITAL NETWORKS |
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Registered Office : |
Shop No. 30, Ground Floor, Minerva Complex, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
June 2002 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDA04020C |
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PAN No.: [Permanent
Account No.] |
AAHFA1033E |
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Legal Form : |
Partnership concern with an unlimited liability of the partners. |
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Line of Business : |
Business undertakes Networking and supply of computer Hardware and
provides consultancy, Network services, sales support, maintenance and Integrating
solutions. |
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 22000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
The concern operated from rented office a premise which is also a
showroom. Trade relations are
fair. Payments are reported as slow
but correct. Business is growing. However the concern to be considered for small to mediocre business
dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
Shop No. 30, Ground Floor, Minerva Complex, Sarojini Devi Road, Secunderabad,
Hyderabad – 500 00. |
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Tel. No.: |
91-40-6633 3078 / 6638 3178 |
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Fax No.: |
91-40-2781 6180 |
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E-Mail : |
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Website : |
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Area : |
700 Sq. fts. |
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Location : |
Rented |
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Corporate Office : |
# 211, Minerva Complex, |
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Branches : |
# 41, LSC DDA, Shopping Complex, Ring Road, Narina Vihar, New Delhi –
110 028, India |
PARTNERS
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Name : |
Mr. Manoj Kumar |
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Designation : |
Partner |
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Date of Birth/Age : |
28 years |
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Qualification : |
Graduate |
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Experience : |
9 years |
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Name : |
Ms. Shaileja |
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Designation : |
Partner |
BUSINESS DETAILS
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Line of Business : |
Business undertakes Networking and supply of computer Hardware and provides
consultancy, Network services, sales support, maintenance and Integrating
solutions. |
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Terms : |
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Selling : |
Against Delivery |
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Purchasing : |
Credit (30 days or 60 days) |
GENERAL INFORMATION
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Customers : |
Government and Corporates |
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No. of Employees : |
12 (Office: 12; Other: - ) |
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Bankers : |
State Bank of Secunderabad Main Branch, |
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Facilities : |
Cash Credit Limit of Rs. 2.50 millions |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Arun Computers Address: Secunderabad Line of Business: Computer Hardware and marketing |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 3.000 millions |
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Borrowed : |
Rs. 2.500 millions |
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Total : |
Rs. 5.500 millions |
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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38.800 |
20.000 |
Expected Sales (2007-08): Rs. 60.00 millions
LOCAL AGENCY FURTHER INFORMATION
Website details Attached:
The
Subject is in the field of Information Technologies for more than a Decade in
the name of M/s. Kapital Information
Technologies Pvt. Ltd. registered in 1988. With the growth in
business they had reached a turnover of Rs.60 crores in the year 2002 and the
market requirements had increased enormously. Thus they had identified the
network business in to a Strategic Business Division, which gives End-to-End
solution on networking for IT needs.
They
are focused on providing the complete needs of their customer. They take up the
task from understanding the needs of their customer, Survey the customer site,
design the network, specify the products, supply the networking hardware and
software, integrates the networking, testing and certifying the site, maintains
the total system. They also provide the training for the customer's staff in
maintaining the total system.
They
have strength of 4 Vendor Certified Technical Managers, assisted by 8
engineers, as Project leaders and a team of 36 supported technicians. With
their experience and expertise they are rendering the services to many
customers across the country.
They
registered theirselves as vendors at various government organizations like
DLRL, DRDL, CMC, ECIL, Airport Authority Of India, National Remote Sensing
Authority, Defence - 33 Corps, LIC, BSNL etc and provided services to various
corporate like Satyam Computers Ltd, GEPC, Sipla Labs, Sparks Systems, Satyam
GE, Navayuga InfoTech, Intelli Group, Karvy Consultancy, Heritage India Ltd,
Sipra InfoTech, MBS Impex, Verizone, Quelex InfoTech, Zen Technologies Pvt.
Ltd, Versa InfoTech, etc.
With its inception in June
2003, subject has been steadily working towards its vision to achieve
prominence in IT Solutions and services industry. Optimized solutions achieved
by valuing customer’s time, money and application have helped it to achieve its
milestones.
This company stood apart
from the rest in integration business with its service approach. The trust of
its clients on its capabilities to provide sales and service, strengthened
concern to be a competitive player in both sales and post sales services.
With strong partnering
strategies and alliances with key customers and world's leading product
vendors, subject delivers solutions to solve real business problems.
VISION:
“To achieve an aura in the IT Industry for committed quality solutions and
services"
TEAM POWER:
A strong team of Principal trained team leaders and engineers comprise service
teams. The dedicated on-site engineers
help the client in their network management related activities. The 24/7 sales
team works towards achieving the value-added sales support to their clients.
Knowing
the industry requirements Optimetrix has an array of services, customized to
client need.
Consultancy Services:
Resource planning, project planning, post-sales maintenance planning, IT
infrastructure budget and Finance Planning.
Network Services:
LAN/WAN Design, Certified Structured cabling and hardware integrations,
Wireless solutions, Network Management and audits
Sales Support:
One stop-shop for products and services in desktops, laptops, servers, storage networking, copiers, digital projectors and other communication / computer related peripheral. Based on client needs rental support also provided.
Maintenance Services:
Annual Maintenance, On-site Engineers, Preventing Maintenances,
Comprehensive Maintenances
Management Services:
Facility
Management, Network Management, Vendor Management, Disaster Recovery and Insurance
Management.
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 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. 40.93 |
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1 |
Rs. 81.20 |
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Euro |
1 |
Rs. 55.42 |
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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