MIRA
INFORM REPORT
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Report Date : |
10.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
EDWISE INTERNATIONAL |
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Registered Office : |
2, Sethna Building, 1st Floor, 216 Princess Street, Near Parsi
Dairy, Marine Lines, Mumbai – 400
002, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1991 |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Provider of Education Consultancy Services. |
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 10000 |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Mrs. Anandi of the concern remained non – co-operative despite of
several approaches. Subject appears to be an active consultants in Education Business. No payment are available. The concern can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
2, Sethna Building, 1st Floor, 216 Princess Street, Near Parsi
Dairy, Marine Lines, Mumbai – 400
002, Maharashtra, India |
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Tel. No.: |
91-22-40813456 |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Head Office : |
2, Jer Mahal, Ground Floor, Dhobi Talao, Opposite Metro Adlabs, Mumbai
- 400 002, India. |
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Tel. No.: |
91-22-4081 3333 / 2200 3338 |
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Fax No.: |
91-22-2200 3269 |
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E-Mail : |
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Branches : |
Santacruz Marine Lines Ahmedabad Bangalore Baroda Mobile No.:91-9898183128 Chandigarh Mobile No.: 91-9316162520 Chennai Cochin Coimbatore 4th floor, Ashirwad, Coimbatore - 641 002. Delhi Hyderabad Kolkata Pune Surat Vishakapatnam
(Vizag) |
PARTNERS
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Name : |
Mr. Ajay Sukhwani |
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Designation : |
Partner |
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Qualification : |
Electronics Engineer |
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Experience : |
40 years |
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Name : |
Mrs. Preeti Sukhwani |
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Designation : |
Partner |
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Qualification : |
Post Graduate |
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Name : |
Mr. Sushil Sukhwani |
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Designation : |
Partner |
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Qualification : |
MBA (Marketing) |
BUSINESS DETAILS
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Line of Business : |
Provider of Education Consultancy Services. |
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Terms : |
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Selling : |
Contractual |
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Purchasing : |
Contractual |
GENERAL
INFORMATION
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Customers : |
Students |
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No. of Employees : |
30 |
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Bankers : |
Not Divulged |
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Banking
Relations : |
Unknown |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.000 millions (Estimated) |
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Borrowed : |
--- |
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Total : |
Rs. 2.000 millions (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover (Estimated) |
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20.000 |
LOCAL AGENCY
FURTHER INFORMATION
WEBSITE DETAILS:-
Concern Profile
The concern provides information regarding higher education in various
countries such as UK, Australia, New Zealand, Canada, USA, France, Switzerland
and Ireland, and has a command over the education system world wide.
The concern is a solution-oriented company, with a single mind approach
in tailoring career paths to suit individual profiles within the parameters
that may prevail in each case. The parameters may be educational, financial or
personal.
The concern was started in 1991, by Mr. Sushil Sukhwani, Mr. Ajay
Sukhwani, Mr Assan Sukhwani and Preeti Sukhwani and is a reputed organization
with a strong Ethical Practice Code. Mr. Assan Sukhwani, He is a qualified
Electronics Engineer and has been in business world for more than 40 years.
All four Directors, Preeti, Ajay, Assan and Sushil, are well traveled
individuals with vast international exposure, and together they built the huge
organization, 'Edwise' with offices in 13 cities, that it is today.
Subject is a pioneer in the field of 'GLOBAL EDUCATION', dispels all the myths
usually associated with 'Study Abroad' and have brought the concept of overseas
education to the doorstep of every student, by making it affordable and devoid
of cumbersome procedures.
The
concern is a registered member of NZIER and works very closely with British
Council.
Mr. Sushil Sukhwani is the Western Region Representative of Association of
Indian Graduates from Australia-AIGA.
AIGA is the only alumni organisation of Indian residents who have
completed their tertiary qualifications from an Australian educational or
training institution.
It is recognized by the Australian Government through its international arm of
Department of Education.
Management Team
The Management Team of the concern consists of 4 Directors, Overseas
Educational Advisors, Training Faculties and Administrative Staff.
The Directors: -
Mr. Assan Sukhuwani, Mrs. Preeti Sukhwani, Mr. Ajay Sukhwani and Mr.
Sushil Sukhwani, are qualified professionals possessing rich experience in the
field of overseas educational consultancy. From a humble beginning in the year
1991, the directors and their team , has transformed The concern to one of the
most trusted organization in the field of overseas consultants across India, in
a span of 17 years.
The team of OVERSEAS EDUCATIONAL ADVISORS, the backbone of the organization,
consists of the people, who have vast professional experience in the field of
advising students about the various study options available abroad, keeping in
mind their profile and needs. The people in the team are empathetic towards the
students' needs as well as they have the ability and will to fulfill
commitments given to the students.
The TRAINING FACULTIES, one of the strong pillars of the organization, train
students to achieve the desired results in various examinations like GMAT, GRE,
IELTS, SAT and TOEFL.
The team of ADMINISTRATIVE STAFF, an important chain responsible for the
admission process of students, consists of efficient of people sharing
different responsibilities like Visa Assistance, Preparing and Dispatching
Application Documents on time, regular follow-ups for timely delivery and
overall co-ordination.
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.43.13 |
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UK Pound |
1 |
Rs.85.02 |
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Euro |
1 |
Rs.67.77 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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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 |
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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36 |
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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