MIRA
INFORM REPORT
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Report Date : |
20.09.2007 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
No - 73, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1978 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Subject acts as Manpower Recruitment and
Travel Agent |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 4000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well
established and reputed concern having satisfactory track. Proprietor is reported
as experienced and respectable businessman. Trade relations are fair.
Business is active. Payments are usually correct and as per commitments. The
concern can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
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Registered Office : |
No - 73, |
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Tel. No.: |
91-11-26983980/ 26983981/ 26983981 |
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F1ax No.: |
91-11-26983982 |
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E-Mail : |
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W11ebsite : |
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Area : |
1000 sq. ft. |
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Location : |
Owned |
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Branches : |
38, G. F., Ashok Shoping Complex, Near Mumbai – 400 002, |
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Tel. No.: |
91-22-22652906 |
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Fax No.: |
91-22-22652910 |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. M. H. Siddiqui |
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Designation : |
Sole Proprietor |
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Date of Birth/Age : |
56 Years |
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Qualification : |
Graduate |
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Experience : |
32 Years |
BUSINESS DETAILS
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Line of Business : |
Subject acts as Manpower Recruitment and
Travel Agent |
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Exports : |
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Countries : |
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Terms : |
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Selling : |
Advance, Cash or Credit basis |
GENERAL INFORMATION
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Suppliers : |
Own Recruitment Office in |
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Customers : |
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No. of Employees : |
About 10 |
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Bankers : |
State Bank Of |
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Banking
Relations : |
Satisfactory |
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Certificates and
Appreciations : |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.000 million |
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Borrowed : |
Nil |
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Total : |
Rs. 1.000 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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Services Charges Received |
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6.000 |
5.000 |
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Expense |
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4.000 |
3.500 |
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Profit/Loss for the year |
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2.000 |
1.500 |
Expected Sales (2007-08):Rs. 10.000 millions (Service Charges)
LOCAL AGENCY FURTHER INFORMATION
As Per Web:
Approved by Govt. of India to supply any number of workers in any
category to any country under License No.
000103/DEL/PER/1000+/3/1263/84.
Approved by Royal Saudi Arabian Medical Office to supply all medical,
para-medical & nursing staff to Royal Saudi Government Hospitals run by
Ministry of Health, Ministry of Interior, Ministry of Defence & Aviation,
Ministry of Labour & Social Welfare and
Approved by Saudi Arabian Office to deal and fix visa for any category
under I. Card No. 15
Work Categories
1.Doctors, Technicians and Nurses
2.Engineers: all categories
3.Teachers (all subjects)
4.Pharmacists
5.Medical Assistants
6.Computer Programmers/Operators
7.Civil and Mechanical Draftsmen
8.Office Personnel: all categories
9.Store and Accounts Personnel
10.Receptionists
11.Tele Communication Workers
12.Telex/Telephone Operators
13.Electricians-Domestic & H.T. Line
14.Crane Operators
15.Maintenance Workers: all types
16.Garment Workers and Operators
17.Fabricators (Aluminum, Steel)
18.Textile Workers
19.Auto-Mechanics (Petrol, Diesel)
20.Auto-Electricians
21.Diesel Mechanics
22.Heavy Equipped Drivers
23.Light & Heavy Vehicle Drivers
24.A/C Mechanics (Window, Split, Central)
25.Construction Workers: all categories
26.Oil Field Construction Workers
27.Pump Operators
28.Painters
29.Dentures
30.Carpenters
31.Steel Fixers
32.Rod Binders
33.Plumbers
34.Aluminum Cutters
35.Ductmen
36.Masons
37.Welders
38.Bell Boys
39.Room Boys
40.Cooks: all types
41.Camp Catering Workers
42.Stewards
43.Waiters
44.Laundry Men
45.Fishermen
46.Agricultural/Farm Workers
47.Animal Husbandry Workers
48.Municipal Cleaners
49.Hospital, School, Office, Airport, Road & Highway Cleaners
The core idea of the company is to promote advancement of
Job Vacancies in
Approved by Royal Saudi Arabian Medical Office to supply all
medical, Para-medical & Nursing staff to Royal Saudi Arabian Government
Hospitals run by "Ministry of
Health, Ministry of Interior, Ministry of Defense and Aviation or Ministry of
Labour and Social Welfare and
Approved by Saudi Arabian Embassy to deal and fix visa for any category under
I. Card No. 15. If you are interested in us, please take the time to browse
through our site and contact us if you have any questions.
The "Al-Hind Foreign Service Agency" in depth knowledge and experience and advantage in the following areas.
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An office which is licensed by the Government of
India to supply an unlimited number of skilled, unskilled, semi-skilled
personnel.
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An office having 2 decades of the experience in
Recruitment & Manpower consultation.
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An office having a vast experience in selecting
the right hand for the right job.
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An office which can undertake to provide any
category, any number to any country.
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An office that keeps contacts and informs time
to time the general changes, amendments and new wages to the Foreign Employers.
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An office that can arrange the large interview
schedule through out
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An office which is backed with a team of professionals
to assist in the selection of professionals.
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An office having a large recruitment network
through out
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An office which is situated in the capital of
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An office which has a vast experience about the
categories and the availability of the required categories.
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.39.87 |
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1 |
Rs.80.11 |
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Euro |
1 |
Rs.56.19 |
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 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
YES |
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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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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
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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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