MIRA
INFORM REPORT
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Report Date : |
17.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
BVM INTERNATIONAL |
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Registered Office : |
Plot No. 486, Phirni Road, Near Rana Public School, Shahbad Daulatpur,
New Delhi – 110 042, Delhi |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1999 |
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IEC No.: |
0599016400 |
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PAN No.: [Permanent
Account No.] |
AFUPA5138G |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer, Exporter and Supplier of all type of Engineering Tools. |
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 10000 |
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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 concern having satisfactory track. Trade relations are fair. Payments are usually correct and as per
commitments. The concern can be considered normal for business dealings at usual
trdae terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Vivek Aggarwal |
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Designation : |
Proprietor |
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Date : |
09.12.2008 |
LOCATIONS
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Registered Office : |
Plot No. 486, Phirni Road, Near Rana Public School, Shahbad Daulatpur,
New Delhi – 110 042, Delhi, India |
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Tel. No.: |
91-11-27859015 |
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Mobile No.: |
91-9810603496 |
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Fax No.: |
91-11-27859027 |
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E-Mail : |
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Website : |
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Area : |
450 Sq. mt. |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Vivek Aggarwal |
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Designation : |
Proprietor |
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Address : |
A-M/138, Shalimar Bagh, New Delhi, India |
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Date of Birth/Age : |
32 Years |
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Qualification : |
B.Com |
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Experience : |
10 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Supplier of all type of Engineering Tools. |
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Products : |
·
Magnetic Tools ·
Marking and punching tools ·
Machine tools accessories ·
Tool holding devices and mounting devices ·
Vices and clamps ·
Cutting and dressing tools ·
Mounted points and abrasives tools ·
Engineer’s precision and measuring tools. |
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Exports : |
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Products : |
·
Magnetic Tools ·
Marking and punching tools ·
Machine tools accessories ·
Tool holding devices and mounting devices ·
Vices and clamps ·
Cutting and dressing tools ·
Mounted points and abrasives tools ·
Engineer’s precision and measuring tools. |
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Countries : |
Asian Countries |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS
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Capacity to increase production by : |
50% |
GENERAL
INFORMATION
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Suppliers : |
Own manufacturing |
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Customers : |
Dealer Network |
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No. of Employees : |
12 Permanent and Job Workers |
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Bankers : |
Union Bank of India, Shalimar Bagh, Delhi - 110 052, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.2.000 millions |
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Borrowed : |
- |
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Total : |
Rs.2.000 millions |
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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12.500 |
11.000 |
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Profit/Loss for the year |
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12% |
12% |
Expected Sales (2008-09) : Rs.20.000 millions
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance Chart
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Parameters |
Details |
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Existence Verification |
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Name |
BVM INTERNATIONAL |
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Address |
Plot No. 486, Phirni Road, Near Rana Public School, Shahbad Daulatpur,
New Delhi – 110 042, Delhi, India |
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Phone/ Mobile Numbers |
91-11-27859015 |
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Fax Numbers |
91-11-27859027 |
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Statutory Approvals |
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Legal Status of Firm |
Proprietory Company |
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Income Tax Registration |
AFUPA5138G |
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VAT/ TIN Registration |
07770237844 |
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Import Export Code |
0599016400 |
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Name of Bank |
Union Bank of India, Shalimar Bagh, Delhi - 110 052, India |
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Credibility Factors |
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Years of Establishment |
1999 |
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Turn Over |
Rs.12.500 millions |
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Turn Over Year |
2008 |
Web Details
Subject came into
existence in recent years. The major outlets having been in India over the last
half a century, now with full confidence of established channels of supply and
manufacturing capacities at the disposal they are approaching overseas buyers.
The professionals at subject are
a blend of youth and experience. The core team consists of people from various
backgrounds including engineering, management and research and development.
They work on innovative, state-of-the-art technology
platforms, expertise and infrastructure to deliver high quality products for
the valued clients. They wish to emphasize that they are committed to quality
with regard to raw material, dimensional accuracy and functional efficiency,
therefore providing easy-to-use,
efficient and economical tools. They offer the
widest range of Machine Tool Accessories, Magnetic Tools, Precision Measuring
Tools and other Shop Floor Accessories confirming to DIN, BS, and JIS
Standards.
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.47.82 |
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UK Pound |
1 |
Rs.73.08 |
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Euro |
1 |
Rs.65.56 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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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 |
YES |
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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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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
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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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