MIRA
INFORM REPORT
|
Report Date : |
18.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
GLOBAL QUALITY SERIVICES |
|
|
|
|
Registered Office : |
2012, 24-A Cross, 8 Main, BSK II Stage, Bangalore-560070, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2008 |
|
|
|
|
Year of Establishment : |
2002 |
|
|
|
|
PAN No.: [Permanent
Account No.] |
ACJPN4655P |
|
|
|
|
Legal Form : |
Sole Propreitory Concern |
|
|
|
|
Line of Business : |
Providing Consultancy Services |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 12000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject provides consultancy services for obtaining quality certification.
Trade relations are fair. Payments are usually correct and as per
commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. Nothing advance reported. |
LOCATIONS
|
Registered Office : |
2012, 24-A Cross, 8 Main, BSK II Stage, Bangalore-560070, Karnataka,
India |
|
Tel. No.: |
91-80-2676106 |
|
Mobile No.: |
91-9845313910 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
500 sq ft ( Rented) |
|
|
|
|
Administration Office : |
2448, 5th Main, 17th E Cross, Banashankarai II stage, Bangalore-560070, Karnataka,
India |
|
Tel. No.: |
91-80-2676106 |
|
Mobile No.: |
91-9845313910/ 9845806269 |
|
E-Mail : |
|
|
|
|
|
Branches : |
Located at:
|
SOLE PROPRIETOR
|
Name : |
Mr. Shakthidhar Nayak |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
35 Years |
|
Qualification : |
B.E ( Mechanical) |
|
Experience : |
13 Years |
BUSINESS DETAILS
|
Line of Business : |
Providing Consultancy Services |
|
|
|
|
Products : |
|
|
|
|
|
Exports (services to) : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Project Based |
|
|
|
|
Purchasing : |
Against Payment |
GENERAL INFORMATION
|
Customers : |
|
|
|
|
|
No. of Employees : |
11 |
|
|
|
|
Bankers : |
Indian Overseas Bank, Banashankari II Stage, Bangalore-560070,
Karnataka, India |
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. H. R. Uday Chartered Accountant |
|
Address : |
Bangalore |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 2.500 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs. 2.500 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
31.03.2008 |
31.03.2007 |
|
Sales Turnover |
|
10.000 |
8.000 |
|
|
|
|
|
|
Profit/Loss for the year |
|
25% |
25% |
|
|
|
|
|
|
Export Value |
|
6.000 |
5.000 |
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART
|
Parameters |
Details |
|
|
|
|
Existence Verification |
|
|
Name |
GLOBAL QUALITY SERVICES |
|
Address |
2012, 24-A Cross, 8 Main, BSK II Stage, Bangalore-560070, Karnataka,
India |
|
2nd address |
2448, 5th Main, 17th E Cross, Banashankarai II stage, Bangalore-560070, Karnataka,
India |
|
Phone/ Mobile Numbers |
91-80-2676106 |
|
Mobile Numbers |
91- 9845806269 |
|
Electricity Bill |
IS :30911 |
|
|
|
|
Statutory Approvals |
|
|
Legal Status of Firm |
Proprietory |
|
Income Tax Registration |
Pan : ACJPN4655P |
|
Name of Bank |
Indian Overseas Bank |
|
Current Account Number |
1996 |
|
Account Since |
About 4 Years |
|
|
|
|
Credibility Factors |
|
|
IndiaMART Client Since |
About one year |
|
Years of Establishment |
2002 |
|
Turn Over |
Rs. 10.000 Millions |
|
Turn Over Year |
2007-2008 |
|
|
|
|
Other Affiliations |
NRPBT |
AS PER WEBSITE
Profile:
The Company is headed by Mr.Shaktidhar
Nayak, a Mechanical Engineer with 10 years Industrial Experience and a
Lead Auditor for IS0 9000, ISO 14001,
SA 8000, OHSAS 18001 who has a rich auditing and consultancy experience.
The organization has well trained personnel in various parts of the
country to help the clientele in consultancy. GQS provides undeterred service to all the clients irrespective of
the geographical location.
GQS not only believes in Preaching but also
practices some of the best relationship and resource management techniques in its
own company.
GQS has changed the aura of several
organizations by changing their work culture and has inculcated quality in
every sphere of operations.
GQS invigorate systems by an unique process of
consultancy.
Services
They offer to the clients a wide range of
consultation services for availing various prestigious certifications that help
them in their further growth and creating recognizable in the industry. Offered
by a team of industry experts, the services are known for their effective results
and helps clients in achieving the set targets. The range of services offered
by them includes:
- Milestone#1..Gap Analysis
- Milestone#2..Training
- Milestone#3..First Level Documentation
- Milestone#4..Second Level Documentation
- Milestone#5..Third Level Documentation
- Milestone#6..Selection of M.R
- Milestone#7..Implementation of Standard Requirements.
- Milestone#8..Training of Internal Auditor
- Milestone#9..Internal Audit
- Milestone#10.Final Certification
Quality - ISO 9001
ISO 9001 Consultant
They offer to the clients the expertise and assistance for getting their
organizations ISO certified. The certification is based on good manufacturing
processes practiced by the concerned party and quality of its' products /
services. The team of experts have extensive experience in designing and
implementing corrective and preventive action systems that prevents problems
from recurring in future.
Some of the
facilities offered by them include:
- Writing
quality manual.
- Establishing
company's quality policy and measurable quality
objectives.
- Creating
efficient system for controlling distribution and re-issue of
documents.
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.42.82 |
|
UK Pound |
1 |
Rs.80.01 |
|
Euro |
1 |
Rs.63.83 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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 |
|