MIRA
INFORM REPORT
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Report Date : |
30.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
G K SUREKHA AND COMPANY |
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Registered Office : |
220, Vats Market, 2nd Floor, Madhuban Chowk, Pitampura, New
Delhi 110034 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Year of Establishment : |
1994 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners. |
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Line of Business : |
Providing Accounting Services (Chartered Accountants) |
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 2000 |
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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 : |
Subject is an established Chartered Accountant engaged in providing various
professional services. Trade relations are fair. Payments are usually correct
and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Gokul Kumar Sureka |
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Designation : |
Partner |
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Date : |
30.05.2008 |
LOCATIONS
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Registered Office : |
220, Vats Market, 2nd Floor, Madhuban Chowk, Pitampura, New
Delhi 110034, India |
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Tel. No.: |
91-11-27018573 |
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Mobile No.: |
91-9811077186 / 9312270757 |
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Fax No.: |
91-11-47562139 |
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E-Mail : |
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Website : |
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Area : |
1200 sq ft |
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Location : |
Rented |
PARTNERS
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Name : |
Mr. Gokul Kumar Surekha |
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Designation : |
Partner |
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Date of Birth/Age : |
44 years |
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Qualification : |
FCA |
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Experience : |
20 years |
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Name: |
Mr. Yogesh Kumar |
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Designation: |
Partner |
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Qualification: |
FCA |
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Name: |
Mr. Dhrub Narayan |
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Designation: |
Partner |
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Qualification: |
FCA |
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Name: |
Mr. Akhil Poddar |
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Designation: |
Partner |
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Qualification: |
FCA, DISA |
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Name: |
Mr. Anand Sharma |
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Designation: |
Partner |
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Qualification: |
ACA, LLB |
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Name: |
Mr. Vineet Jalan |
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Designation: |
Partner |
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Qualification: |
ACA |
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Name: |
Mr. Atul Goyal |
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Designation: |
Partner |
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Qualification: |
ACA |
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Name: |
Mr. Gulab A. Singh |
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Designation: |
Partner |
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Qualification: |
FCA |
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Name: |
Mr. Ramkumar Srinivasan |
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Designation: |
Partner |
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Qualification: |
FCA |
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Name: |
Mr. Venkatasubramanya N |
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Designation: |
Partner |
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Qualification: |
FCA |
BUSINESS DETAILS
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Line of Business : |
Providing Accounting Services (Chartered Accountants) |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL
INFORMATION
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Customers : |
v Corporate Houses v Banks v Societies v Public Sector
Undertakings v NGO v Private firms v Individual |
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No. of Employees : |
50 |
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Bankers : |
The Jammu and Kashmir Bank Limited, Pitampura, New Delhi |
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.500 Million |
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Borrowed : |
0.000 |
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Total : |
Rs. 0.500 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
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Sales Turnover |
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2.400 |
Expected Sales (2007-08) : Rs.5.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Subject provides
following services:-
v
Business Start-up Services.
v
Corporate Law Matters.
v
Due Diligence, Investment Guidance & Feasibility
Reports.
v
Financial Services & Project Financing.
v
Annual Audits & Compliances.
v
Internal Audits, Proprietary Audits and Compulsory Audits.
v
Income Tax Work including tax computation and filing,
representations before Assessing Officers, exemption certificates, Appeals upto
Income Tax Appellate Tribunal.
v
Service Tax, Excise & Custom Laws.
v
VAT and Sales Tax related services.
v
Foreign Collaborations Support, Import-Export Guidance &
FEMA consultancy.
v
Accounting, BPO & KPO Services including Payroll solutions.
v
All E-Solutions like Digital signatures, E-TDS Preparation
& Filing, MCA-21 Uploading.
v
Line Production and Professional Accounting / Auditing
Support to Movie Makers and Media Clients.
v Professional
Training & Other Tailor Made Solutions etc.
Branch
Offices:-
Delhi
220, Vats Market, 2nd Floor, Madhuban Chowk Pitanpura,
Delhi-110034
Tel No: 91-11-270198573 /8590
Mobile: 91-9811077186
FaxNo: 91-11-47562139
Email: delhi@gsureka.com, mail@gksureka.com
Mumbai
Office # 40/41, Balaji Tower, Sector 30, Opposite. Sanpada Railway
Station, Vashi (West), Navi Mumbai – 400705
Tel No: 91-22-278120520
Mobile No: 91-9820159201 / 9320159201
Fax No: 91-22-27812052
Email : mail@gsureka.com, gulab.a.singh@gmail.com
Kolkata
7/1A, Grant Lane, 2nd Floor, Office No. 202, Kolkata – 700001
(West Bengal)
Mobile No: 91-9830516369
Email : mail@gsureka.com , vinit_jalan@yahoo.co.in
Chandigarh
1610, Sector -34D, Chandigarh-160022 (Uttar Pradesh)
Tel No: 91-172-6575507
Mobile No: 91-9816598000
Email: mail@gsureka.com, agoyal.ca@gmail.com
Muzaffarpur, Bihar
2nd Floor, Nathani Market, Sutappati, Muzzaffarpur- 842001
(Bihar)
Tel No: 91-621-2246018/5798
Mobile No: 91-9835290195
Fax No: 91-621-2263740
Email : mail@gksureka.com, narayandhrub@yahoo.co.in
Ranchi, Jharkhand
Sri Ram Plywood Complex, Lahkothi Lane, Old H.B. Road, Kantatoli Ranchi
-834001 (Jharkhand)
Tel No: 91-651-2530318
Mobile No: 91-9835143565
Fax No: 91-651-2562102
Email: mail@gsureka.com, akhilpoddar2002@yahoo.co.in
Chennai, Tamilnadu
3B Ramaniyam # 67 (Old no: 18/4), East Coast Road, Tiruvanmiyur, Chennai
-600041
Tel No: 91-44-24417595/42158975
Mobile No: 91-9444028089
Fax No: 91-44-42180897
Email: mail@gsureka.com,
ramauditor@gmail.com
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.42.77 |
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UK Pound |
1 |
Rs.84.33 |
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Euro |
1 |
Rs.66.65 |
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 |
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 |
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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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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