MIRA
INFORM REPORT
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Report Date : |
12.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
INDUSTRIAL CONSULTANTS INC. |
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Registered Office : |
B-9, Hemkunt Tower, 98 Nehru Place, New Delhi 110019 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1972 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Suppliers of Computer, Computer Peripheral and Petroleum Products |
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 12000 |
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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 old and established concern having moderate track. It looks
long time in tracing the subject.
Trade relations are reported as fair.
Payments are reported as slow but correct. The concern can be considered for small to mediocre business dealings
with slight caution, initially. No clean credit can be granted. |
LOCATIONS
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Registered Office : |
B-9, Hemkunt Tower, 98 Nehru Place, New Delhi 110019, India |
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Tel. No.: |
91-11-26445248 / 26445249 |
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Mobile No.: |
91-9312385622 / 9810208180 / 9810229221 |
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E-Mail : |
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Area : |
350 Sq. fts. |
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Location : |
Rented |
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Head Office : |
501, Siddarth Building, Nehru Place, New Delhi 110019, India |
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Tel. No.: |
91-11-26431100 [Disconnected] |
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Fax No.: |
91-11-26437700 [Disconnected] |
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E-Mail : |
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Area : |
400 Sq. fts. |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Kunwar J. H. Sadiq |
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Designation : |
Proprietor |
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Address : |
Gala No.14, Plot No. 59, Zakir Nagar, Okhla, New Delhi - 110 025, India |
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Date of Birth/Age : |
60 Years |
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Qualification : |
Graduate |
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Experience : |
32 Years |
KEY EXECUTIVES
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Name : |
Mr. Kanwar Uzzaman Rami |
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Designation : |
Marketing Executive |
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Date of Birth/Age : |
28 Years |
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Qualification : |
Graduate |
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Experience : |
5 Years |
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Name : |
Mr. Kanwar Babur |
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Designation : |
Chief Executive Officer |
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Date of Birth/Age : |
30 Years |
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Qualification : |
Graduate |
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Experience : |
7 Years |
BUSINESS DETAILS
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Line of Business : |
Suppliers of Computer, Computer Peripheral and Petroleum Products |
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Products : |
Ø Intel CPU Ø Microsoft, Ram,
Server, Printer Spare, Desktop Ø Laptop Ø Paraffin Wax Ø White Oil Ø Vascelene Ø White Petroleum
Jellies Ø Diesel LPG, CNG,
LNG Gases Ø Crude, Fuel
Oil |
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Imports : |
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Products : |
Ø Intel CPU Ø Microsoft, Ram,
Server, Printer Spare, Desktop Ø Laptop Ø Paraffin Wax Ø White Oil Ø Vascelene Ø White Petroleum
Jellies Ø Diesel LPG, CNG,
LNG Gases Ø Crude, Fuel
Oil |
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Countries : |
Ø China Ø Singapore |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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Suppliers : |
Ø Wooju Industrial Company Limited, Korea Ø Chin Yang Corporation, Korea Ø Premium Vinyl Flooring Limited, India Ø Premium Polyfilm Limited, India Ø Royal Cushion Vinyl Company Limited, India |
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Customers : |
Ø Classic Sales Corporation, Ballimaran, Delhi Ø Pyedonie Umbrella Marketing, Mumbai Ø Peshawar Metting House, Chandani Chowk, Delhi Ø D. D. Amarnath, Chandni Chowk, Delhi Ø Gulzar Trading Company, Lucknow Ø Deen Dayal Khandelwal, Ajmer Ø Saudi Arabia Distributor Company Limited, Riyadh / Oman / Kuwait Ø Al Fakahi Industries Limited, Dubai Ø Al Nasir Company Limited, Behrai |
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No. of Employees : |
4 |
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Bankers : |
Ø State Bank of
Mysore Nehru Place, New
Delhi 110019, India Ø The Time Bank
Limited Parliament Street, New Delhi 110001, India
Ø The Times Bank
Limited New Friends
Colony, New Delhi 110065, India Ø State Bank of
India Zakir Nagar, New
Delhi, India |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Industrial Peripheral Consultants Private Limited CIN No. : NU72200DL2002PTC115104 Registered on : 24.02.2002 Address : B-9, Hemkunt Tower, 98 Nehru Place, New Delhi 110019, India Line of Business : Suppliers of Computer and Computer Peripheral Authorised Capital : Rs. 0.200 Million Paid Up Capital : Rs. 0.100 Million |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 3.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 3.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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15.000 |
12.000 |
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Profit/Loss for the year |
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11% |
11% |
Expected Sales (2007-08): Rs. 20.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
NA
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. 39.29 |
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UK Pound |
1 |
Rs. 77.02 |
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Euro |
1 |
Rs. 58.16 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
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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31 |
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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