MIRA
INFORM REPORT
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Report Date : |
06.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
K3G GENXT MARKETING PRIVATE LIMITED |
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Registered Office : |
104, 1st Floor, Ravi Darshan, Pune Solapur Road, Next to City
Finance, Hadapsar, Pune – 411 028, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
01.03.2006 |
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Com. Reg. No.: |
22107 |
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CIN No.: [Company
Identification No.] |
U51507PN2006PTC022107 |
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IEC No.: |
3108005901 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNEK07197B |
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PAN No.: [Permanent
Account No.] |
AACCK7776J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Dealer for Weighing Machines |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company and has to establish track. Trade relations are fair but payments are not known. Initially, the company can be considered for any business dealings on
safe and secured trade terms and conditions. |
INFORMATION PARTED
BY (GENERAL DETAILS)
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Name : |
Mrs. Kanti Korpe |
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Designation : |
Manager |
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Contact No.: |
91-9422314795 |
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Date : |
04.12.2008 |
LOCATIONS
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Registered Office : |
104, 1st Floor, Ravi Darshan, Pune Solapur Road, Next to City
Finance, Hadapsar, Pune – 411 028, Maharashtra, India |
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Tel. No.: |
91-20-26995520 / 26993360 |
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Mobile No.: |
91-9765552810 / 9244314795 |
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Fax No.: |
91-20-26993310 |
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E-Mail : |
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Area : |
500 Sq. ft. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Nitin Korpe |
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Designation : |
Director |
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Date of Birth/Age : |
37 Years |
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Qualification : |
B.E. |
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Name : |
Mr. Suhas Korpe |
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Designation : |
Director |
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Date of Birth/Age : |
45 Years |
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Qualification : |
B.E. |
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Name : |
Mr. Dilip Korpe |
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Designation : |
Director |
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Date of Birth/Age : |
42 Years |
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Qualification : |
B.E. |
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Name : |
Mrs. Kamal Korpe |
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Designation : |
Director |
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Date of Birth/Age : |
70 Years |
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Qualification : |
Matric |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 22.02.2006)
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Names of Shareholders |
No. of Shares |
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Kisan Pandhrinath Korpe |
5000 |
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Kamal Korpe |
5000 |
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Total |
10000 |
BUSINESS DETAILS
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Line of Business : |
Dealer for Weighing Machines |
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Products : |
·
Circular Weighing Scale ·
Table Top Weighing Scal ·
Precision Weighing Scales ·
Jewellery Weighing Scale ·
Personal Weighing Scales ·
Baby Weighing Scale ·
Platform Weighing Scale ·
Kitchen Weighing Scales ·
Electronic Baby Weighing Scale ·
Commode Stool |
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Terms : |
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Selling : |
Credit (90 days) |
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Purchasing : |
Credit (30 days) |
GENERAL
INFORMATION
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Customers : |
·
Wholesalers ·
Retailers ·
End Users ·
OEM’s |
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No. of Employees : |
8 |
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Bankers : |
HDFC Bank, Pune Camp |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Chinmay Joshi and Associates Chartered Accountants |
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Address : |
Pune |
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Associates/Subsidiaries : |
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Sai Hightech Products, Pune, Manufacturing ·
Korpe Precision, Pune, Manufacturing ·
Vrudraksha Technics, Pune, Manufacturing |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
No Financials are available since
Incorporation.
Management denied financials however parted
business details.
LOCAL AGENCY
FURTHER INFORMATION
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Additional
Requirement of Indiamart for Trust-Seal |
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Service Tax No. : -- |
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Excise Registration No.: -- |
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VAT : 27640521747 |
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IEC Code : 3108005901 |
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PAN / TAN : AACCK7776J |
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Bank Name : HDFC Bank |
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Bank Address : Pune Camp |
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Bank A/c. No.: 01482560002633 |
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Account Since : 2 Years |
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In case of any affiliations / memberships / certifications : |
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Name : ISO |
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Type : 9001:2000 |
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Expiry Date : 2010 |
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Trade References
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Tirupati Sergical, Pune
·
Parekh Pharma, Pune
Web Details
Profile
Incepted in the year 2004,
Subject is a fast growing name engaged in supplying a wide range of mechanical
and electronic weighing scales that are available under the brand names:
1.
Kohinoor and dolphin-a
range that offers mechanical weighing scale a
2.
Nakshatra and Kohinoor a
range that offers electronic weighing scales
The all encompassing range includes Adult/Bathroom Weighing Scales (Round), Circular Weighing Scales(Dial Type),
Baby Weighing Scales and Mini Weighing Scales, Table Top Weighing Scales,
Precision Weighing Scales, Jewellery Weighing Scales, Price Computing Weighing
Scales, Hanging Weighing scales, Personal Weighing Scales and many more.
Ranked among the top 5 indigenous brands of weighing scales, they have
satisfactorily served more than 5 million customers.
Subject ensure that the company is managed by a team of professionals who
possess an expertise in managerial skills. Moreover, they deliver the range after
conducting thorough market research activities and making optimum use of
distribution channels. This has enabled them to achieve excellent results all
over the country.
The mentor, Mr. Nitin Korpe, has been a strong motivational force for the team
of professionals. It is owing to his single minded vision and sharp business
insight that they have been able to capture the global export market as well as
the domestic market within such a short time frame and earn a strong standing
in this particular domain.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.69 |
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UK Pound |
1 |
Rs.72.96 |
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Euro |
1 |
Rs.63.46 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
2 |
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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 |
YES |
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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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18 |
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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