MIRA
INFORM REPORT
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Report Date : |
11.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
SINGH AND ASSOCIATES |
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Registered Office : |
Chamber no. 42, 2nd Floor, Chawla Complex, Main Vikas Marg,
Shakarpur, New Delhi – 110092 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2001 |
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PAN No.: [Permanent
Account No.] |
AODRS1928J |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Legal Consultancy, Legal Cases
Solutions, property law consultancy, Matrimonial Disputes Counseling and
Legal Laws Practice. |
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 1250 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a law firm. It helps its local clients in legal matter.
Trade relations are fair. Payments are correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Shailendra Singh |
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Designation : |
Proprietor |
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Date : |
04.08.2008 |
LOCATIONS
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Registered Office : |
Chamber no. 42, 2nd Floor, Chawla Complex, Main Vikas Marg,
Shakarpur, New Delhi – 110092, India |
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Tel. No.: |
91-11-64521318 / 22468433 |
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Mobile No.: |
91-9810363143 / 9811377418 |
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Fax No.: |
91-11-22525456 |
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E-Mail : |
advocateshail@gmail.com |
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Website : |
http://www.indiamart.com/singhassociates/know-us.html |
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Area : |
300 sq ft |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Shailendra Singh |
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Designation : |
Proprietor |
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Date of Birth/Age : |
32 years |
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Qualification : |
Advocate |
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Experience : |
7 years |
BUSINESS DETAILS
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Line of Business : |
Legal Consultancy, Legal Cases
Solutions, property law consultancy, Matrimonial Disputes Counseling and
Legal Laws Practice. |
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Products : |
v
Legal Case
Assistance Services v
Property
Legal Assistance Services v
Matrimonial
Disputes Counselling Services v
Patent
TradeMark Consultancy v
Architectural
and Interior Design Consultancy and Turnkey Projects |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL
INFORMATION
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Customers : |
Local Resident |
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No. of Employees : |
8 |
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Bankers : |
Axis Bank Limited, Swasth Vihar, New Delhi – 110092, India |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.250 Million |
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Borrowed : |
0.000 |
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Total : |
Rs. 0.250 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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0.800 |
0.700 |
Expected Sales (2008-09) : Rs. 1.200 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance
Chart
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Existence Verification |
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Name |
Singh and Associates |
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Address |
Chamber no. 42, 2nd Floor, Chawla Complex, Main Vikas Marg,
Shakarpur, New Delhi – 110092, India |
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2nd address |
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Phone/ Mobile Numbers |
91-11-64521318 / 22468433 |
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Fax Numbers |
91-11-22525456 |
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Statutory Approvals |
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Legal Status of Firm |
Sole Proprietory Concern |
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Income Tax Registration |
AODRS1928J |
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Name of Bank |
Axis Bank Limited, Swasth Vihar, New Delhi – 110092, India |
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Credibility Factors |
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Years of Establishment |
2001 |
Profile:-
With their wide experience and knowledge, they have achieved
a significant growth in Legal Consultation Services. They offer their Legal
Suggestions services only after ascertaining all the details provided by the client.
Their proficient team first analyzes the client's problems and provides legal
suggestions for the same and devise strategies to deal with them. Each and
every aspect of the legal issues and matters are well known to them and they
accordingly provide the legal consultation services and advice.
If they want consultancy regarding any legal issue, they can
provide them with the same. Just leave all their worries to them and relax.
Subject is a reliable name and can easily
provide with the most appropriate solution. They operate round the clock to
assist their clients in dealing with all the critical issues which create
mental tensions. Understanding the importance of the matter they suggest
solutions which are completely beneficial and provide relief to their clients.
Their wide range of services include: Legal Consultancy, Legal Cases Solutions, property law consultancy,
Matrimonial Disputes Counseling and Legal Laws Practice.
They have a team of experts who first understand the problem and
then accordingly suggest the solutions. Each and every aspect of the issue is
examined in detail so that exact remedy can easily be provided. Pertaining to
legal matter their issues are of importance and require professional skills to
be solved so that their client’s can be benefited in the best possible manner.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.20 |
|
UK Pound |
1 |
Rs.81.48 |
|
Euro |
1 |
Rs.64.27 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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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 |
|
54 |
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 |
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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 |
|
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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