MIRA
INFORM REPORT
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Report Date : |
29.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
COLOR DESIGN INDIA |
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Registered Office : |
A-15/ A Maya Puri Ph – II, Industrial Area, New Delhi 110064 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2002 |
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IEC No.: |
0506040534 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELC07829D |
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PAN No.: [Permanent
Account No.] |
AAEFC4177G / AJRPM6212C |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer , Exporter and Importer of fountain, Water Curtain, Jumping
Jet Fountain, Musical Fountain, Ultra fast Action, Fountain, Programmable fountain. |
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 10000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Mr. B. S. Mehra, proprietor of the concern confirmed the details.
Subject is to a well established concern having satisfactory track. Trade
relations are fair. Payments are usually correct and as per commitments. The concern is doing well. It can be considered normal for business
dealings at usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. B. S. Mehra |
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Designation : |
Proprietor |
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Date : |
29.05.2008 |
LOCATIONS
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Registered Office : |
A-15/ A Maya Puri Ph – II, Industrial Area, New Delhi 110064, India |
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Tel. No.: |
91-11-65434555 / 4184774 / 20588944 |
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Mobile No.: |
91-9873166644 |
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Fax No.: |
91-11-4184774 |
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E-Mail : |
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Website : |
http://www.colordesigntech.com
/ www.spa-swimmingpool-com |
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Area : |
3600 sq fts. |
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Location : |
Leased |
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Branches : |
Mumbai, Bangalore, Jaipur and Ludhiana |
SOLE PROPRIETOR
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Name : |
Mr. B. S. Mehra |
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Designation : |
Proprietor |
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Address : |
B-3/2, Plot no. 40, Sector 6, Dwarka, New Delhi -110075 |
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Date of Birth/Age : |
91-9873166644 / 9311166644 |
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Qualification : |
Post Graduate (MCA) |
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Experience : |
11 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer , Exporter and Importer of fountain, Water Curtain, Jumping
Jet Fountain, Musical Fountain, Ultra fast Action, Fountain, Programmable fountain. |
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Products : |
Fountains v Water Curtain v Jumping Jet
Fountains v Musical
Fountains v Laser Show
Fountains v Static Fountains v Ultra Fast
Action Fountains v Programmable
Fountains Led Lights v Color Changing
Led Lights v Under Water
Fountains Lights With Nozzles v Floor And
Swimming Pool Led Lights v Landscape
Sculptural Led Lights v Nozzles With Led
Lights v Architectural
Lights v Rainbow Led
Lights v Led Display
Boards |
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Exports : |
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Products : |
Fountain and led lights on
L/C, D/A |
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Countries : |
Gulf countries, Middle East, Europe, Romania, Malta, Kenya, Spain, New
Zealand, Morocco, Australia and Turkey. |
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Imports : |
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Products : |
Led, pumps and filters on L/C and D/A |
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Countries : |
Korea and Japan |
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Terms : |
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Selling: |
L/C Cash / Credit (30 days) |
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Purchasing : |
L/C, Cash / Credit (30 days) and TT |
GENERAL
INFORMATION
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Suppliers : |
Seoul Semiconductor, Korea |
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Customers : |
Retailers and End Users |
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No. of Employees : |
79 |
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Bankers : |
ICICI Bank Limited, Dwarka Sector -5, Standard Chartered, New Delhi, Jahakpuri Branch |
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Facilities : |
Cash Credit Rs. 1.000 Million |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. M. C. Pandey (Chartered Accountant) |
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Address : |
Dwarka |
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Associates/Subsidiaries : |
v Moon Beam
Enterprises Line of Business: Manufacturer , Exporter
and Importer of fountain, Water Curtain,
Jumping Jet Fountain, Musical Fountain, Ultra fast Action, Fountain, Programmable fountain. |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.500 Millions |
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Borrowed : |
0.000 |
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Total : |
Rs. 2.500 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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80.000 |
50.000 |
LOCAL AGENCY
FURTHER INFORMATION
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Parameters |
Detail |
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Statutory
Approvals |
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Income tax Registration |
AJRPM6212C |
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VAT/ TIN Registration |
07080313835 |
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Import Export Code |
0506040534 |
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Name of Bank |
ICICI |
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Current Account Number |
025005001136 |
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Account Since |
3 years |
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Emp PF Registration Number |
DL 35360 |
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Company ESI Registration Number |
11-40-81660-90 |
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Credibility
Factors |
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Indiamart Client since |
4 years |
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Trade
Affliations |
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SSI Registration |
No |
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Export Promotion Council |
No |
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Chambers of
commerce membership |
Yes |
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Standards and
certifications |
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Quality management sytems |
Yes |
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Environment management systems |
No |
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Safety certificates |
No |
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Product certificates |
No |
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Other certificates |
ISO 9001:2000 |
Trade References:-
v
Seol semiconductor, Korea
v
Royal Place of Reyale, Charles M Swimming Pool, Malta
v
Hotel La Shangri – La, C Place, New Delhi – 110001
v
United Group
v
DLF Group
v
Ludhiana Municipal Council, Ludhiana
v
Jaipur Development Authority, Jaipur
v
Noida Development Authory, Noida
v
Riyadh Palav, Riyadh akenya Water Park, Kenya
v
Panasenis, Seol Semicmouz, ETR
v
Ray Pumps – Jaipan, Rajen Soni
v
DMS- Delhi, Mohinder Vohra
v
Gaurav Enterprises, Delhi, Mr. Malik
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.42.85 |
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UK Pound |
1 |
Rs.84.74 |
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Euro |
1 |
Rs.67.36 |
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 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
NO |
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TOTAL |
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46 |
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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