MIRA
INFORM REPORT
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Report Date : |
22.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
AATOUS INTERNATIONAL AND EXPORTS |
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Registered Office : |
Nandhavan Complex, C – 34, Mumbai Pune Highway. Opposite Hero Honda,
Showroom, Panvel, Navi Mumbai – 400 001, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 (Estimated) |
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Year of Establishment : |
1999 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of Inverters, Ups and Batteries |
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 5000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well – established concern having steady business. Trade
relations are fair. Payments are reported as slow but correct. The concern can be considered normal business dealings at usual trade
terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. G. Prassna |
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Designation : |
Proprietor |
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Date : |
19.12.2008 |
LOCATIONS
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Registered Office : |
Nandhavan Complex, C – 34, Mumbai Pune Highway, Opposite Hero Honda
Showroom, Panvel, Navi Mumbai – 400 001, Maharashtra, India |
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Tel. No.: |
91-22-27454671 / 27467277 |
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Mobile No.: |
91-9324045234 |
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Fax No.: |
91-22-27467277 / 27454672 |
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E-Mail : |
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Area : |
500 Sq.fts |
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Location : |
Owned |
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Note : |
Currently company is working on temporary Factory Premises (Thane). |
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Factory : |
New Panvel Industrial Area, Sector 1S, New panvel, Mumbai -410 206, India |
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Area : |
6500 Sq.fts |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. G. Prassna |
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Designation : |
Proprietor |
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Address : |
A – 2, Anugiri CHS, Sector – 02, Plot No. 15, New Panvel, Navi Mumbai
– 410 206, Maharashtra |
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Date of Birth/Age : |
14.12.1977 / 31 years |
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Qualification : |
MBA |
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Experience : |
8 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Inverters, Ups and Batteries |
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Products: |
·
Sealed
Maintenance Free Batteries |
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Brand Names : |
“Aatous” |
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Exports : |
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Products : |
Batteries, Chargers, Ups, Solar Panels, Stabilizers |
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Countries : |
United Arab Emirates, African Countries, SAARC Countries, Saudi
Arabia, UK, US |
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Imports : |
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Countries : |
China, UK |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
L/C, T/T, Advance Cash |
GENERAL
INFORMATION
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Customers : |
End Users, Retailers, Wholesalers, OEM’s, Distributor ·
Bharat Electronics Limited ·
Indian Oil Corp. ·
Roots Multiclean Private Limited ·
Bhayander Municipal Corp ·
Punawala Group ·
Rose Mount Shipping Limited. ·
J M Bakshi and Company ·
Bank Of India ·
A. L. Industries, Goa. |
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No. of Employees : |
45 |
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Bankers : |
Indian Overseas Bank, New Panvel Branch |
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Facilities : |
The concern do not enjoy facility from its bankers |
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Banking
Relations : |
---- |
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Auditors : |
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Name : |
Kulkarni and Associates (Mr. Manish Kulkarni) Chartered Accountants |
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Address : |
Panvel, Mumbai, Maharashtra, India |
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Mobile No.: |
91-9819713128 |
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Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.000 million (Estimated) |
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Borrowed : |
--- |
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Total : |
Rs. 1.000 million (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 (Estimated) |
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Sales Turnover |
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17.000 |
Expected Sales (2008-09): Rs. 40.000 millions
LOCAL AGENCY
FURTHER INFORMATION
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Additional Requirement of Indiamart for
Trust-Seal |
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TIN : 27140141200 |
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IEC Code :0308063082 |
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PAN : AFGPG7210M |
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Bank Name : Indian Overseas Bank |
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Bank Address :New Panvel Branch |
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Bank A/c. No.:0897 |
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Account Since : 2 months |
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In case of any affiliations / memberships / certifications
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Name : ISO – IN80WS-A From WWQS |
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Type : ISO 9001 : 2000 |
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Expiry Date : 20th August 2009 |
TRADE References:-
· Water Maker India Private Limited, Mumbai
· Bharat Electronics Limited
· India Oil Corporation
· BEL, Taloja
· Kongbergs Maritime Limited
· JM Bakshi Fort
· AL Industries, Goa
Website details:-
Concern Profile
Since the commencement of their business in the year 1999, they Balaji Automobiles, have become one of the prominent names in
power back-up systems manufacturing industry. Being a professionally managed
organization, they, over the years, have broadened the range of products under the
guidance of their insightful mentor Mr.
G. Prassna. Leveraging on their world class production facilities
along with a viable team of technocrats and skilled workforce, they have gained
a distinct position in the industry by providing high performing inverters, UPS
and batteries. They are on the constant move to enhance their productivity by
incorporating technological up-gradation which is a result of extensive R and D
activities done by their competent researchers. They strive to
achieve entire customer satisfaction through their consistency in assuring
qualitative features in the equipment and cost effectiveness.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.08 |
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UK Pound |
1 |
Rs.71.17 |
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Euro |
1 |
Rs.66.98 |
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 |
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 |
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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