MIRA
INFORM REPORT
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Report Date : |
08.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
3G WORLD WIDE |
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Registered Office : |
Door No. XXVII/3003, Vaili Parambil, Near Community Hall, Giri Nagar |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2007 |
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PAN No.: [Permanent
Account No.] |
AGDPG6660R |
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Legal Form : |
Sole Proprietory Concern Proprietory Concern |
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Line of Business : |
Subject is engaged in providing services such as Job consultancy,
Security services, Liaison works, Ticketing - air/rail services. |
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 concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new recruitment agency. Scale of activity is
limited. No further details or payment records could be made available. The concern can be considered for small to mediocre business dealings
with slight caution, initially. |
INFORMATION PARTED
BY
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Name : |
Mr. A. J. George |
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Designation : |
Proprietor |
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Contact No.: |
Mobile no. 91-9847654737 |
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Date : |
05.12.2008 |
LOCATIONS
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Registered Office : |
Door # XXVII/3003, Vaili Parambil, Near Community Hall, Giri Nagar |
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Tel. No.: |
91-484-2323306 |
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Mobile No.: |
91-9847654737 |
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Fax No.: |
91-484-2323306 |
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E-Mail : |
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Website : |
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Area : |
2500 sq fts [Ground Floor] |
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Location : |
Rented |
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Branch: |
Proposal at Trivandrum, Kerala, India [Not yet opened] |
SOLE PROPRIETOR
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Name : |
Mr. A. Joseph George [Ex-service man from Indian Army] |
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Designation : |
Proprietor |
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Address: |
Cochin, Kerala |
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Date of Birth/Age : |
57 Years |
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Qualification : |
MA, LLB |
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Experience : |
4 Years |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in providing services such as Job consultancy, Security
services, Liaison works, Ticketing - air/rail services. |
GENERAL
INFORMATION
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No. of Employees : |
4 |
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Bankers : |
State Bank of Travancore Pallivarittam Branch, Cochin |
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Facilities : |
Overdraft Rs. 0.500 Million and Bank Guarantee |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
Paul Sabestin and Company Chartered Accountants |
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Address: |
Pallivarittam, Kerala |
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Associates/Subsidiaries : |
A.J. Security Services, Cochin Line of Business: Provide Security Service |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Available |
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Borrowed : |
Not Available |
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Total : |
Not Available |
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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15.000 |
13.200 |
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Net Profit |
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35% Total
Turnover |
40% Total
Turnover |
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Imports |
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100% |
100% |
LOCAL AGENCY
FURTHER INFORMATION
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Additional
Requirement of Indiamart for Trust-Seal |
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Service Tax No. : SEA/STC/38/2004 |
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PAN / TAN : AGDPG6660R |
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Bank Name : State Bank of Travancore |
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Bank Address : Palarivattom |
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Bank A/c. No.: 67011330246 |
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Account Since : 4
Years |
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In case of any affiliations / memberships / certifications
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Name : They are
‘M’ Panel with Defence. |
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TRADE REFERENCES:
- Dinshaw’s Ice-Cream
- Caurus Security Services – Cochin
- Bharat Sanchar Nigam Limited, Cochin
- Shoba Developers, Cochin
- Cochin Ship Yard - Ernakulam
Observation Points:
Name Board: Highly sighted in front of the office.
Land mark to
office: Near to Kavarthara Bus Stand and also near to
the Electricity Board at Girinagar, Cochin
No. of Staff seen
at office premises: 3 persons
Office Area: Residential Area
Telephones, Fax
Machines and Fully Interior Decorated office – Good Condition
Office is located
in the side lane at Giri Nagar, Cochin
Mr. A. J. George –
Business experience is previously man power recruitment of security guards to
the companies, office and hotels.
WEBSITE DETAILS:
PROFILE:
Incepted in the
year 2006, they are amongst the prominent service providers engaged in offering
services such as Job consultancy, Security services, Liaison works, Ticketing -
air/rail services. They are a knowledge based firm specializing in
identifying, assessing and recruiting the ideal candidate. Under the able
guidance of the mentor Col (Retd) AJ George, they are able to provide excellent
services throughout the country. His vast experience and business acumen
enables them to deliver services that meets client requirements. The
organization is approved by Government of India Vide Registration No
A0216/KER/PER/300/4 1/4/7848/2006 issued by Ministry of Labor, Government of
India.
They have
professionals who have in-depth knowledge in various industries such as
ticketing, Liaison works, job consultancy and many more. This enables them to
take accurate measures towards achieving the requirement of the clients. The
professionals work in close proximity of each other to offer solutions that
complements client strategies. Further, they aim to being a preferred link
between the clients and the executives and thereby establish a long term and
cordial relationship.
Service Profile
They offer
systematic and streamlined services after completely understanding the
requirements of the clients spread across the globe. The energetic and
well-trained personnel are capable of providing the following services:
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Placement services both within India and abroad
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Job consultancy
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Trade testing - skilled/ unskilled
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Ticketing - air/rail
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Medical testing as per specific rules
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Security services - ex- defense personnel/trained civil personnel
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Hi -tech security
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Personal body guards
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NRI property upkeep and guarding
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Liaison works
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 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
-- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
1 |
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--CREDIT LINES |
1~10 |
1 |
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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 |
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12 |
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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