MIRA
INFORM REPORT
|
Report Date : |
04.10.2007 |
IDENTIFICATION DETAILS
|
Name : |
GSP AQUA BELLE PRIVATE LIMITED |
|
|
|
|
Registered Office : |
927/ 2/ 1/ 1, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
16.12.2005 |
|
|
|
|
Com. Reg. No.: |
55-143727 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74899DL2005PTC143727 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
RTKG07170C |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AACCG5026H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Water Purifier and Its Parts. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is just a 2 Years Old Company and in the process of establishing
itself. The Company’s first financial are awaited. Trade relations are fair.
Payments are reported as slow but correct. The company can be considered for
small to mediocre business dealings with slight caution initially. |
LOCATIONS
|
Registered Office/ Factory : |
927/ 2/ 1/ 1, |
|
Tel. No.: |
91-124-4265045/ 4265047 |
|
Mobile No.: |
91-9312379405 / 9910399367 |
|
Fax No.: |
91-124-4265046 |
|
E-Mail : |
|
|
Area : |
38000 sq. ft. |
|
Location : |
Leased |
DIRECTORS
|
Name : |
Mr. Hong Ill Parl (Mr. James Park) |
|
Designation : |
Director |
|
Date of Birth/Age : |
42 Years |
|
Qualification : |
Post Graduate |
|
|
|
|
Name : |
Mr. Yang Kyung Sin |
|
Designation : |
Director |
|
Date of Birth/Age : |
47 Years |
|
Qualification : |
Graduate |
KEY EXECUTIVES
|
Name : |
Mr. Rajeev Kumar Singh |
|
Designation : |
Assistant Sales Manager |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Water Purifier and Its Parts. |
|
|
|
|
Products : |
* Pressure Switch * Solenoid Valve * Weight Sensor * Flow Restrictor * Diaphragm Pump Pressure Switch * Solenoid Valve * Weight Sensor * Flow Restrictor * Diaphragm
Pump |
|
|
|
|
Exports : |
|
|
Products : |
Pressure Switch, Solenoid Valve, Weight Sensor, Flow |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material and Machinery |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Credit upto 10 to 15 days basis |
|
|
|
|
Purchasing : |
Cash and Credit upto 10 to 15 days basis |
GENERAL INFORMATION
|
Customers : |
* OEM’s * Distributors * Dealer Network |
|
|
|
|
No. of Employees : |
Around 35 |
|
|
|
|
Bankers : |
* HDFC Bank
Limited, Gurgaon Branch, * Deutch Bank,
Gurgaon Branch, |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2007 |
|
Sales Turnover |
|
|
Around 15.000 |
|
|
|
|
|
Expected Sales (2007-08) : Around Rs. 20.000 millions
LOCAL AGENCY FURTHER INFORMATION
Trade References:
*
*
ION Exchange
Subject markets its products to North
America, South America, Western Europe, Eastern Europe, Eastern Asia, Southeast
Asia, Mid East, Africa,
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.39.79 |
|
|
1 |
Rs.81.23 |
|
Euro |
1 |
Rs.56.41 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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. |
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 |
|