MIRA
INFORM REPORT
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Report Date : |
15.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
ARYA ENTERPRISES |
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Registered Office : |
Survey No. 134, Lane No. 1, Pakeeja Building, Omkar Colony, Warje
Malwadi, Pune 411052, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2004 |
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Legal Form : |
Partnership Concern with an unlimited liability of the partners |
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Line of Business : |
Manufacturer of fire alarming systems. |
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. |
Small |
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Maximum Credit Limit : |
USD 1600 |
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Status : |
Small concern |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small concern in field.
Its trade relations are fair.
Payments are usually correct and as per commitments. It can be considered normal for business dealing at usual trade terms
and conditions. |
LOCATIONS
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Registered Office : |
Survey No. 134, Lane No. 1, Pakeeja Building, Omkar Colony, Warje
Malwadi, Pune 411052, Maharashtra, India |
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Tel. No.: |
91-20-65703817 |
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Mobile No.: |
91-9960911101 |
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E-Mail : |
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Area : |
650 Sq. fts. |
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Location : |
Rented |
PARTNERS
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Name : |
Mr. Maktum Nalatwad |
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Designation : |
Partner |
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Date of Birth/Age : |
35 Years |
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Qualification : |
Graduate |
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Experience : |
13 Years |
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Name : |
Mr. Ninad Sarmokadam |
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Designation : |
Partner |
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Date of Birth/Age : |
29 Years |
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Experience : |
7 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of fire alarming systems. |
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Products : |
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Agencies Held : |
Ø Navin Alarm
Systems |
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Terms : |
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Selling : |
Credit (45 days) |
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Purchasing : |
Credit (45 days) |
GENERAL
INFORMATION
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Customers : |
Wholesalers Agencies |
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No. of Employees : |
6 |
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Bankers : |
HDFC Bank Bhandarkar Road |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
PC Tajaue and Company Chartered Accountants |
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Address : |
Pune |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.400 Million |
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Borrowed : |
- |
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Total : |
Rs. 0.400 Million |
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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3.500 |
3.000 |
Expected Sales (2007-08) : Rs. 5.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCES:
Ø
Master Fire Engineers
Ø
Safe and Secured fire Systems Private Limited
AS PER WEBSITE DETAILS:
Security
of workers is the primary concern of every business enterprise. Subject
exhibits the endeavour to deliver sophisticated technical tools needed to
safeguard the valuable lives and property from the fire. The engineering
concern is a highly reputed manufacturer, exporter and supplier
of premier quality safety equipments including 1 to 40 zone LCD FACP,
6/ 12 zone FACP, manual call points & hooters, siren systems, smoke
detectors and many other innovative solutions. Every product is
designed after minutely observing the needs and requirements of various
sectors, with the capability of rendering years of hassle free services to the
client. They are also a service provider delivering the
related Installation, Testing, AMCs, etc. to their reputed
clients. Their products can handle any job size and
requirement ranging from the small business establishment to the schools,
malls, high-rise office buildings, museums and airports.
They
are promoted and managed by a group of diligent personnel having versatile
knowledge of the concerned discipline. The company follows hard core
professionalism at every stage of its operations in order to deliver the best
items at market leading prices. With major stress being laid upon after sales
services, they are moving rapidly towards achieving the milestones in client
satisfaction. They are regularly supplying their products to many eminent names
of the corporate world such as Wipro, I-flex, Tela Sourcing, STPI, to name a
few. The company is in the process of obtaining ISO and SSI registration.
Their Strengths
Unmatched Quality
Subject adhere to stringent quality control measures at every stage of
their operations to ensure flawless production. The products are manufactured
under the strict supervision of trained professionals by following
internationally accepted norms and practices. They source the finest quality of
PCBs, Fabricated MS Boxes, etc. from reliable agents of the market. The
outgoing items are properly inspected by their experts for their accuracy,
quality, reliability and performance; thus facilitating the movement of only
best items to the market. The various tests conducted to assess the product
quality include:
- Vibration test
- Reliability test
- Hardware test.
Consumer Satisfaction
Client satisfaction is the focal point of every business policy framed
at Arya. They are committed to deliver excellent solutions at economical rates
to their clients and let them feel the concept of true value of money. Their
client oriented approaches and healthy trade practices further provide them an
additional edge over other players operating in the similar arena.
R&D
Research and development is an integral part of their working system. They have
a full fledged R&D wing which is loaded with advance equipments and
creative professionals to design the latest solutions as per emerging
requirement of the market.
Infrastructure
Subject is a perfect blend of highly qualified manpower and advance
technologies that enables it to deliver the most innovative range of fire
alarming systems to its clients. Latest drilling and other machines are
employed in the manufacturing process that facilitate in smooth and efficient
production.
Their Competitive Edge
- A sound infrastructure armored with
advanced and innovative technology
- Meeting the exacting requirements of
the customers and standards of the industry
- Upgradation of machinery with the
latest techniques
- Enhancement of products both in quality
and innovation
- Competitive prices--the best price
offered in the market
- Regular investment to promote knowledge
in the area of technical development, research and production.
Their Reputed Clients
Their unmatched quality is trusted by their numerous clients operating
in various sectors. The following is a small catalog of their patrons:
- Software
Sector
- Wipro
- I-flex
- Tela
Sourcing
- STPI
- Hotels
- Father Plaza
- Hotel Royal
Park
- Govt. Sector
- BSNL
- Army Office
(Pune).
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. 39.33 |
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UK Pound |
1 |
Rs. 81.70 |
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Euro |
1 |
Rs. 57.67 |
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 |
NO |
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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. |
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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