MIRA
INFORM REPORT
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Report Date : |
05.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
STAR LINK COMMUNICATION PRIVATE LIMITED |
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Registered Office : |
H No. 43, MIG Flats, Suraj Apartments, Pul Prahaladpur,
New Delhi – 110044 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
15.07.1998 |
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Com. Reg. No.: |
55-95006 |
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CIN No.: [Company
Identification No.] |
U32109DL1998PTC095006 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELS25823A |
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PAN No.: [Permanent
Account No.] |
AADCS9665B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers and Exporters
of telecom products STD PCO, conference machine and call meter. |
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 7000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having steady business. Trade
relations are fair. Payments are usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Rakesh |
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Designation : |
Manager |
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Contact No.: |
91-9811139050 |
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Date : |
29.07.2008 |
LOCATIONS
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Registered Office : |
H No. 43, MIG Flats, Suraj Apartments, Pul Prahaladpur, New
Delhi – 110044, India |
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E-Mail : |
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Website : |
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Head Office : |
A-19 Okhla Industrial Area,
Phase- INew Delhi - 110 020 ( India ) |
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Tel. No.: |
91-11-40526088 |
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Mobile No.: |
91-9811139050 |
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Fax No.: |
91-11-40526082 |
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E-Mail : |
sales@starlink.co.in , admin@starlinkindia.com , sales@starlinkindia.com |
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Area : |
2000 sq. ft. [Rented] |
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Factory : |
Plot
No : 2 / 5, Near Mall Road, District
: Solon ( H.P) 173212 |
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E-Mail : |
sales@starlink.co.in , admin@starlinkindia.com , sales@starlinkindia.com |
DIRECTORS
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Name : |
Mr. Pramod Yadav |
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Designation : |
Director |
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Address : |
H No. 43, MIG Flats, Suraj Apartments, Pul Prahaladpur,
New Delhi – 110044, India |
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Date of Birth/Age : |
09.06.1970 |
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Date of Appointment : |
15.07.1998 |
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Name : |
Mrs. Sarita Yadav |
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Designation : |
Director |
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Address : |
H No. 43, MIG Flats, Suraj Apartments, Pul Prahaladpur,
New Delhi – 110044, India |
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Date of Birth/Age : |
10.08.1968 |
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Qualification : |
B. Computer |
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Date of Appointment : |
15.07.1998 |
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Name : |
Mr. Vipin Yadav |
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Designation : |
Director |
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Address : |
H No. 43, MIG Flats, Suraj Apartments, Pul Prahaladpur, New
Delhi – 110044, India |
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Date of Birth/Age : |
29.06.1965 |
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Qualification : |
B. Elc. |
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Date of Appointment : |
15.07.1998 |
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Name : |
Mr. Umesh Verma |
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Designation : |
Director |
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Date of Birth/Age : |
32 Years |
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Qualification : |
B. Elc. |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
AS ON 04.09.2006
|
Names of Shareholders |
|
No. of Shares |
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Pramod Yadav |
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3300 |
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Sarita Yadav |
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3300 |
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Vipin Yadav |
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3400 |
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Total |
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10000 |
List of Allotees
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Name of Allotees
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|
No.
of Shares Allotted |
|
Pramod Yadav |
|
20000 |
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Sarita Yadav |
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20000 |
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Vipin Yadav |
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20000 |
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Total |
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60000 |
AS ON 30.09.2007
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Directors or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Exporters
of telecom products STD PCO, conference machine and call meter. |
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Brand Name : |
STAR LINK |
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Exporter : |
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Product : |
Components |
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Countries : |
Korea and France |
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Terms : |
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Selling : |
Credit [15 days] |
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Purchasing : |
L/C or Some dated Cheque Payment |
GENERAL
INFORMATION
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Customers : |
Wholesaler and Retailer ]
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No. of Employees : |
40 |
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Bankers : |
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Banking Relations
: |
Satisfactory |
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Auditors : |
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Name : |
Shanthamurthy and Company Chartered Accountants |
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Address : |
CB/11 D, DDA Flats, Munirka, New Delhi – 110067, India |
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Mobile No.: |
91-9810426691 |
CAPITAL STRUCTURE
AS ON 30.09.2007
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]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
0.100 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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1.372 |
0.692 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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1.472 |
0.792 |
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LOAN FUNDS |
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1] Secured Loans |
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1.180 |
0.811 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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TOTAL BORROWING |
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1.180 |
0.811 |
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DEFERRED TAX LIABILITIES |
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0.016 |
0.016 |
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TOTAL |
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2.668 |
1.619 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.916 |
0.627 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.140 |
0.242 |
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Sundry Debtors |
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2.677 |
1.963 |
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Cash & Bank Balances |
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0.096 |
0.062 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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1.186 |
0.327 |
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Total
Current Assets |
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4.099 |
2.594 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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1.929 |
1.348 |
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Provisions |
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0.418 |
0.254 |
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Total
Current Liabilities |
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2.347 |
1.602 |
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Net Current Assets |
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1.752 |
0.992 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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2.668 |
1.619 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
|
31.03.2007 |
31.03.2006 |
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Net Sales and Other Income |
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15.125 |
9.620 |
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Profit/(Loss) Before Tax |
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1.108 |
0.681 |
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Provision for Taxation |
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0.428 |
0.273 |
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Profit/(Loss) After Tax |
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0.680 |
0.408 |
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Expenditures : |
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Cost of Goods Sold |
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9.826 |
6.709 |
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Administrative and other Expenses |
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3.932 |
2.085 |
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Financial Charges |
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0.097 |
0.066 |
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Depreciation |
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0.259 |
0.145 |
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Total Expenditure |
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14.114 |
9.005 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
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PAT / Total Income |
(%) |
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4.50 |
4.24 |
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Net Profit Margin (PBT/Sales) |
(%) |
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7.33 |
7.08 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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22.09 |
21.14 |
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Return on Investment (ROI) (PBT/Networth) |
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0.75 |
0.86 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.40 |
3.05 |
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Current Ratio (Current Asset/Current Liability) |
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1.75 |
1.62 |
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART
|
Parameters |
Details |
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Existence Verification |
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Name |
STAR LINK COMMUNICATION PRIVATE LIMITED |
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Statutory Approvals |
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Income Tax Registration |
AADCS9665B |
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VAT/ TIN Registration |
07190209160 |
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Import Export Code |
0504080202 |
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Name of Bank |
HDFC Bank |
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Current Account Number |
03872560000850 |
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Account Since |
1 Year |
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Credibility Factors |
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IndiaMART Client Since |
1 Year |
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Years of Establishment |
1992 |
TRADE REFERENCE
- Maruti Udyog
Limited [Gurgaon]
- Mothersumi
Limited [Nodia]
- Delta Power
Electronics [Gurgaon]
AS PER WEBSITE
Profile
Subject is specializes in manufacturing world class
computerized Access & Attendance Recording systems. With micro-controller
based digital system technology, they have extended their expertise in the
arena of access control systems by designing and manufacturing several state of
the art products.
Subject provides total cost effective solutions that are highly efficient.
Their specialization lies in the area of automatic data collection and then
linking it with the main stream application by using their state-of-the-art
technology. It helps in tracking of the incoming and exit timings of employees
upto minutes level, Late Arrival/ Early Departure & OT calculation etc.
Their latest infrastructural set-up and technical support team is a group of enthusiastic
and professional engineers who keep themselves up to date with all the latest
happenings in the technological field.
Subject is a manufacturer of highly advanced Door Access
Control System. Door Access Control System is an extremely economical option
for access control every user access can be control door wise, time wise and
Anti Pass Back(APB) can also be enabled for critical zones. Small sleek readers
are fitted on each door along with EM lock.One controller can control 8 doors
and upto 15000 users for higher doors multiple controller can be installed.
Star Link Access control software simplifies management of access and generate
various reports Door wise & User wise. Attendance report can also be
generated with the help of Star Link Time Office Software.
TECHNICAL SPECIFICATION of DOOR CONTROLLER:-
- Processor : 32 Bit RISC Micro Controller.
- 2 Mega-Byte Flash with data storage of 62,500 Records with 8 digits
alpha numeric user ID.
- Memory card support up to 1 GB for data transfer or data storage.
- Card Enrollment 15000 records
- 16*2 Character alpha numeric Backlit LCD with window area 15*65 mm.
- LCD display DD-MM-YYYY,day of the week and HH:MM:SS time format.
- Time Keeping : Build in 24 hours Quartz real time clock.
- Power display : 12V DC
- Screw Connector Strip make connection easy and reliable.
- Piezo electric buzzer for accept and reject audio indication.
- Number of Doors Control : 8
- Numbers of Readers Connected : 16
- Multiple Access Group to restrict access area wise.
- Multiple Switch zone to restrict access Time wise.
- Manual switch Options in place of out reader.
- Door sensor option for door open time monitor.
- Lock to controller distance : Depend on wire resistance consuit
their support department.
- Works on AC input voltage 180-260 volts 50Hz
- Operating Temperature 5 -5 Degree Celsius.
- Humidity 10-90 % Non - Condensing.
Features
- Data Transportation System
- Battery Backup
- Data Storage Memory
- Card/Transponder
- Biometric Finger Print
- Slave Reader
- Audio/ Visual Indication
- Remote 7 Segment LED Display
- Siren Hooter Interface
- Lock/ Turnstile Interface
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 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.40 |
|
UK Pound |
1 |
Rs.83.57 |
|
Euro |
1 |
Rs.66.02 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
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 |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
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
|
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 |
|