%20PRIVATE%20LIMITED%20%20-%2067344%202%2023-Dec-2008_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
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Report Date : |
23.12.2008 |
IDENTIFICATION DETAILS
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Name : |
CARD TEC ( |
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Registered Office : |
No.803/A, 5th Main, 5th Cross, Prakash Nagar, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
06.05.1997 |
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Com. Reg. No.: |
08 - 22207 |
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CIN No.: [Company
Identification No.] |
U31909KA1997PTC022207 |
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IEC No.: |
797009353 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRC01189G |
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PAN No.: [Permanent
Account No.] |
AAACC835ON |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter of ID Cards, Smart Cards, ATM Cards, Scratch
Cards etc. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 20000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track records. It’s
payments are reported as slow. Trade relations are fair. The company can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
INFORMATION PARTED BY
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Name : |
Mr. Manoj Kumar Agarwal |
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Designation : |
Director |
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Contact No.: |
91-9341229002 |
LOCATIONS
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Registered Office /Factory : |
No.803/A, 5th Main, 5th Cross, Prakash Nagar, |
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Tel. No.: |
91-80-23521268 (5 lines)/ 23523449/ 32991268 |
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Fax No.: |
91-80-23133809/ 23523449 |
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Mobile No: |
91-9341229002 |
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E-Mail : |
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Area : |
7000 sq. ft. |
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Location : |
Leased |
DIRECTORS
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Name : |
Mr. Manoj Kumar Agarwal |
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Designation : |
Director |
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Address: |
No. 48, 3rd Cross Vesath Nagar, |
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Date of Birth/Age : |
09.09.1968 |
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Qualification : |
B. Sc., MBA, LLB |
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Experience: |
20 Years |
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Name : |
Mrs. Nisha Agarwal |
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Designation : |
Director |
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Address : |
48, 3rd Cross, Vasanth Nagar, |
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Date of Birth/Age : |
17.08.1974 |
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Qualification : |
B. Com |
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Experience : |
2 Years |
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Email : |
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Name : |
Mrs. Neha Agarwal |
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Designation : |
Director |
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Address : |
48, 3rd Cross, Vasanth Nagar, |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of ID Cards, Smart Cards, ATM Cards, Scratch
Cards etc. |
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Products : |
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Exports : |
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Products: |
ID Cards and all other cards. |
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Countries : |
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Imports : |
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Products: |
Printer Ribbons |
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Countries : |
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Terms : |
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Selling : |
L/C, Credit and Cash |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
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Customers : |
IT Sector
Public Sector
Private Sector:
Other:
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No. of Employees : |
Around 18 |
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Bankers : |
Infantry Road Branch, |
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Facilities : |
Over Draft – Rs.7.500 Millions |
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Banking
Relations : |
- |
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Auditors : |
Manoj Kumar |
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Chartered Accountants |
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Address : |
115, 3rd Floor, |
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Tel No: |
91-80-32967272 |
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Fax No: |
91-80-22297272 |
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E-Mail: |
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Memberships : |
Reg. No.: NSIC/BNG/GP/20/1725/2001/67 Date Issue: 05.01.2007 Date Expiry: 04.01.20009
Reg. No.; 290201200607 Date Issue: 31.07.2008
Reg. No.: 0/03/4/02890 Date Issue: 29.10.2003 |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
2.500 |
2.500 |
2.500 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
1.823 |
1.504 |
1.234 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
(0.405) |
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NETWORTH |
4.323 |
4.004 |
3.329 |
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LOAN FUNDS |
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1] Secured Loans |
0.190 |
0.258 |
2.906 |
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2] Unsecured Loans |
2.287 |
1.706 |
1.407 |
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3] Canara Bank (C.C. Account) |
11.944 |
2.128 |
0.000 |
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TOTAL BORROWING |
14.421 |
4.092 |
4.313 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.391 |
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TOTAL |
18.744 |
8.096 |
8.033 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
3.843 |
3.994 |
4.480 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
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0.000 |
1.960 |
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Sundry Debtors |
0.000
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0.000 |
1.653 |
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Cash & Bank Balances |
0.000
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0.000 |
0.382 |
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Other Current Assets |
0.058
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0.086 |
0.203 |
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Loans & Advances |
16.497
|
5.254 |
0.132 |
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Total
Current Assets |
16.555
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5.340 |
4.330 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
1.654
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1.242 |
0.675 |
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Provisions |
0.000
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0.000 |
0.107 |
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Total
Current Liabilities |
1.654
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1.242 |
0.782 |
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Net Current Assets |
14.901
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4.098 |
3.548 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.004 |
0.006 |
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TOTAL |
18.744 |
8.096 |
8.033 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
27.631 |
12.889 |
8.538 |
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Other Income |
0.000 |
0.000 |
0.000 |
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Total Income |
27.631 |
12.889 |
8.538 |
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Profit/(Loss) Before Tax |
0.821 |
0.634 |
0.821 |
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Provision for Taxation |
0.073 |
(0.028) |
0.000 |
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Profit/(Loss) After Tax |
0.748 |
0.662 |
0.821 |
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Expenditures : |
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Cost of Goods Sold |
21.899 |
8.775 |
0.000 |
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Administrative Expenses |
3.816 |
2.285 |
0.000 |
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Depreciation & Amortization |
1.093 |
1.190 |
0.076 |
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Other Expenditure |
0.002 |
0.005 |
7.641 |
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Total Expenditure |
26.810 |
12.255 |
7.717 |
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KEY RATIOS
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PARTICULARS |
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31.032008 |
31.03.2007 |
31.03.2006 |
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PAT / Total Income |
(%) |
2.71
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5.14 |
9.62 |
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Net Profit Margin (PBT/Sales) |
(%) |
2.97
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4.92 |
9.62 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
4.96
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11.87 |
9.32 |
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Return on Investment (ROI) (PBT/Networth) |
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0.18
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0.16 |
0.25 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.38
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0.31 |
1.53 |
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Current Ratio (Current Asset/Current Liability) |
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10.01
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4.29 |
5.54 |
LOCAL AGENCY FURTHER INFORMATION
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Additional Requirement of Indiamart for Trust-Seal |
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Service Tax No. : AAACC8350N
ST 001 |
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VAT / TIN : 29790055304V |
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IEC Code : 0797009353 |
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PAN / TAN : AAACC835ON |
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Bank Name : Canara
Bank |
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Bank Address : |
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Bank A/c. No.: 1168261050121 |
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Account Since : 11
years |
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Reg.: Q17687/ 08 |
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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 : 03.07.2011 |
Trade Reference:
- Tata Consultancy Services Limited
- ICZCZ Bank Limited
- HP Limited
- Cardz
Fixed Assets:
- Plant and Machinery
- Computers and Peripherals
- Furniture and Fixture
- Office Equipment
- Electrical Assets
- Vehicles
Website Details:
Profile:
Subject is a domestic
company specializing in the manufacture of PVC cards, distribution of card
related equipment and the provision of service bureau to both commercial and
consumer markets.
Building a solid base of customers since 1998, subject began
as a small family-owned business, was recognized in the card industry for their
innovative ideas. Subject as a customized card manufacturer, was integrating
visionary concepts into actual card products. Staying ahead in an ever-changing
market, Subject today offers advanced card products by utilizing up-to-date
manufacturing procedures and equipment. They have built an enduring customer
relation all over
Subject is
situated in the heart of
Subject,
For over ten years, Card Tec,
SERVICES:
CARD
PERSONALISATION SERVICES
These services cater to corporate customers who want their
own professional looking staff passes without investing in printing equipment.
They provide a one-stop solution, from design to printing. With such bureau
services, the company can save cost and valuable time to focus on the core
businesses.
- Allow the security department to manage security, not ID badge
production.
- Reduce overall costs associated with ID badge production including
wear and tear on in-house badge production equipment.
- Create the ID badge layout to meet all the requirements.
- Save cost in employing additional staff to take charge or
stretching the existing staff and in-house graphics capabilities.
- Use an existing photo ID database for the creation of new,
personalized ID badges from Human Resource.
- Trust that multi technology credentials are manufactured and
personalized by a single source in a highly secured facility.
- Eliminate costs associated with cards misprint during the badging
process. Add on, with ease, encoded magnetic stripe or embossing of data
on cards, apart from a simple photo ID.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.47.39 |
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1 |
Rs.70.65 |
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Euro |
1 |
Rs.66.33 |
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 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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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37 |
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 |
|
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 |
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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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