MIRA
INFORM REPORT
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Report Date : |
23.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
KIDO ENTERPRISES |
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Registered Office : |
12, R K Layout 2nd Stage, Banashankari 2nd
Stage, Bangalore 560070, Karnataka |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1999 |
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PAN No.: [Permanent
Account No.] |
AEQPG3134F |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturers of Teaching Aids, Montessori Educational Aids,
Curriculam, Support Materials. Produt range includes Educational Maps, Number
Rods, Sandpaper Numbers, Spindle Boxes, Trays for Dusters, Movable, Alphabet
cursive and phonograms print made to conform ti international requirements. |
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 20000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed concern. Trade relations are
fair. Payments are made regularly. The concern can be considered good for normal business dealings. |
LOCATIONS
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Registered Office : |
12, R K Layout 2nd Stage, Banashankari 2nd
Stage, Bangalore 560070, Karnataka, India |
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Tel. No.: |
91-22-26690220 / 26691742 |
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Fax No.: |
91-22-26691742 |
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E-Mail : |
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Website : |
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Area : |
7000 sq fts. At Channasandra (suburb of Bangalore) |
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Location : |
Rented |
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Office/ Showroom : |
12, R K Layout 2nd Stage, Banashankari 2nd
Stage, Bangalore 560070, Karnataka, India |
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Area : |
2000 sq fts. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mrs. Geetha Shridhar |
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Designation : |
Proprietor |
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Date of Birth/Age : |
54 years |
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Qualification : |
B.A |
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Experience : |
10 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of Teaching Aids, Montessori Educational Aids,
Curriculam, Support Materials. Produt range includes Educational Maps, Number
Rods, Sandpaper Numbers, Spindle Boxes, Trays for Dusters, Movable, Alphabet
cursive and phonograms print made to conform ti international requirements. |
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Exports : |
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Countries : |
Middle East, Europe, Japan, USA, South East Asia |
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Terms : |
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Selling : |
Against Payment |
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Purchasing : |
Against Payment |
GENERAL
INFORMATION
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Customers : |
v Head Start
Montessori v Roots Motessori v Anurag
Montessori |
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No. of Employees : |
50 |
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Bankers : |
v A.B.N. Amro Bank,
Residency Road, Bangalore -25 v ICICI Bank,
Chamrajpet, Bangalore -18 v Syndicate Bank,
Banashankari, Bangalore -70 |
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Facilities : |
Working capital met out of own funds. Term loan availed for Plant and Machinery. |
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Banking Relations
: |
Satisfactory |
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Auditors : |
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Name : |
M/S Shekhar and Company (Chartered Accountant) |
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Address : |
Bangalore |
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Memberships : |
v Toy Association
of India, v Handicraft
Export Promotion Council v Association of
Women Enterprises v Approved by
India Montessori Centre. |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 5.000 Millions |
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Borrowed : |
0.000 |
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Total : |
Rs. 5.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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13.000 |
11.200 |
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Profit/Loss for the year |
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15% |
15% |
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Export Value |
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1.500 |
1.000 |
Expected Sales (2007-08) : Rs.1.200 Millions
LOCAL AGENCY FURTHER
INFORMATION
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Parameters |
Detail |
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Existence
Verifications |
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Name |
Kido Enterprises |
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Address |
12, R. K. Layout II Stage BSK II Stage, Bangalore – 560070 |
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2nd Address: |
Nil |
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Phone/ Mobile Numbers |
91-80-26690220 / 26691742 |
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Fax Numbers |
91-80-26691742 |
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Electricity Bill |
S9 LG 10549, BSSEH 28115, BSSEH 2246 |
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Statutory
Approvals |
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Legal status of Firm |
Proprietory |
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Income Tax Registration |
PAN AEQPG 3134F |
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Central Sales Tax Registration |
9036345-0 |
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State Sales Tax Registration |
9031345-8 |
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Service Tax Registration |
Nil |
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VAT/ TIN Registration |
29570096359 |
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Excise Registration |
Nil |
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Import Export Code |
0701014954 |
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Name of bank |
ABN Amro Bank |
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Current account number |
718265 |
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Account Since |
2002 |
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Emp PF Registration Number |
KN 26940 |
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RBi Code Number |
Nil |
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Credibility
Factors |
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Indiamart Client Since |
About 3 years |
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Year of Establishment |
1999 |
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Turn Over |
130 lacs |
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Turn Over Year |
2007-08 |
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Trade
Affliations |
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SSI Registration |
SSI/PMT/0801AC-4563 |
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Export Promotion Council |
Member |
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Chambers of Commerce membership |
Nil |
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D and B D-U-N-S Number |
Nil |
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Government Recognised Export House Status |
Nil |
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Other Affliations |
Toys Association |
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Standards and
Certifications |
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Quality Management Systems |
Nil |
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Environment Management Systems |
Nil |
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Safety Certificates |
Nil |
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Product Certificates |
Nil |
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Other Certificates |
Nil |
Factory is equipped with state of the art Plant and Machinery.
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.43.15 |
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UK Pound |
1 |
Rs.85.08 |
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Euro |
1 |
Rs.68.10 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
YES |
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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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