MIRA
INFORM REPORT
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Report Date : |
01.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
G. E.
TECHNOLOGIES |
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Registered Office : |
1A, City Station
Road, Opposite Mewar Motors, Udaipur - 313001, Rajasthan |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2004 |
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Legal Form : |
Sole Proprietary
Concern |
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Line of Business : |
Traders and
Importers of Diamond Tools and Export of Marble and Semi Marble Stones. |
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 6000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a
small concern in its field. Trade
relations are fair. General financial
position is satisfactory. Payments
are reported as slow but correct. The concern can
be considered for small to mediocre business dealings at usual trade terms
and conditions. |
LOCATIONS
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Registered / Branch Office : |
1A, City Station
Road, Opposite Mewar Motors, Udaipur - 313001, Rajasthan, India |
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Tel. No.: |
91-294-2522938 |
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Mobile No.: |
91-9414166652 |
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Fax No.: |
91-294-2415237 |
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E-Mail : |
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Area : |
2000 sq. ft. |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Sanjay Sharma |
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Designation : |
Sole Proprietor |
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Date of Birth/Age : |
36 Years |
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Qualification : |
Post Graduate |
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Experience : |
16 Years |
BUSINESS DETAILS
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Line of Business : |
Traders and
Importers of Diamond Tools and Export of Marble and Semi Marble Stones. |
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Exports to : |
Middle East |
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Imports from : |
China and Korea
[Diamond Tools] |
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Terms : |
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Selling : |
L/C, Cash and
Credit [30 days] |
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Purchasing : |
L/C, Cash, Credit
[30 days] and Sight against documents |
GENERAL
INFORMATION
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Customers : |
Local Customers
and End Users |
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No. of Employees : |
2 |
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Bankers : |
Ø
Punjab
National Bank Main Branch,
Panchsheel Marg, Udaipur |
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Facilities : |
The concern do
not enjoy facilities from its bankers |
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Banking Relations : |
Unknown |
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Auditors : |
Ø
Alok Singhvi
& Company Chartered
Accountants, |
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Address : |
Udaipur |
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Associates : |
Ø
Blue Star
India, Udaipur Line of Business : Trading of Diamond Tools and Marbles Ø
Tool India,
Udaipur Address : 1A, City Station Road, Opposite Mewar Motors, Udaipur - 313001,
Rajasthan Line of Business: Traders and importers of diamond tools
and export of marble and semi marble stones. Ø
Sunraj
Marmo, Udaipur Line of Business : Trader of Diamond Tools |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.500
Millions |
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Borrowed : |
-- |
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Total : |
Rs. 1.500
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
3.000 |
4.000 |
2.300 |
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Profit/Loss for the year |
NA |
0.450 |
0.300 |
LOCAL AGENCY
FURTHER INFORMATION
It is in trade
terms with:
Ø
R. K. Marbles
Private Limited
Kishanganj, Udaipur
Ø
Chetak Marmo
Private Limited
Chittaur
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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs. 39.92 |
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UK Pound |
1 |
Rs. 79.31 |
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Euro |
1 |
Rs. 60.63 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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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 |
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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35 |
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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