MIRA
INFORM REPORT
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Report Date : |
31.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
GENESIS MANAGEMENT AND MARKET RESEARCH PRIVATE LIMITED |
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Registered Office : |
B/4, Banali Apartment Karve Road, Pune – 7411 004, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
25.04.1995 |
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Com. Reg. No.: |
11-87704 |
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CIN No.: [Company
Identification No.] |
U74140MH1995PTC087704 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNEG06197C |
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PAN No.: [Permanent
Account No.] |
AACCG6695C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
To carry on business of consultancy in the area of Marketing, Market
Research, Management, Socio- Economic Studies, Environment and Pollution. |
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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a 12 years old company but has not filed any financials with
the Government Department till date. The management parted some general
information but declined to part with financials. No further details or
payment could be made available. The company can be considered for small to mediocre business dealings
with slight caution in view of non – availability of financials. |
INFORMATION PARTED
BY
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Name : |
Mr. Anil Dhaneshwar |
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Designation : |
Director |
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Contact No.: |
91-9890303389 |
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Date : |
31.05.2008 |
LOCATIONS
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Registered Office : |
B/4, Banali Apartment Karve Road, Pune – 7411 004, Maharashtra , India
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Tel No.: |
91-20-25447724 |
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Mobile No.: |
91-9890303389 |
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E-Mail : |
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Website : |
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Area: |
1000 Sq.fts |
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Location: |
Owned |
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Corporate Office : |
7, Jay Apartments, 64/3 Erandavana, Income Tax Lane, Rege Path, Prabhat Road, Pune
411 004, Maharashtra, India |
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Tel. No.: |
91-20– 25447724
/ 25435086 |
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91-98903 03389 |
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Fax No.: |
91-20-25447724 |
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E-Mail : |
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Websites: |
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Branches : |
UBC, 3A, M.G. Road, Ground Floor,
Opposite
Bombay University, Fort, Mumbai -400023,
Maharashtra , India |
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Tel. No.: |
91-22-2267 2626 |
DIRECTORS
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Name : |
Mrs. Shivangi Anil Dhaneshwar |
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Designation : |
Director |
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Address : |
64/3 Jay Apartment , Sundarrad Rege path, Pune – 411 004, Maharashtra,
India |
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Date of Appointment : |
23.04.1995 |
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Name : |
Mr. Anil Dhaneshwar |
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Designation : |
Director |
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Address : |
64/3 Jay Apartment , Sundarrad Rege path, Pune – 411 004, Maharashtra,
India |
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Date of Appointment : |
23.04.1995 |
MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Mr. Anil Dhaneshwar |
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5725 |
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Mrs. Shivangi Dhaneshwar |
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4275 |
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Total
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10000 |
BUSINESS DETAILS
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Line of Business : |
To carry on business of consultancy in the area of Marketing, Market Research,
Management, Socio- Economic Studies, Environment and Pollution. |
GENERAL
INFORMATION
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No. of Employees : |
40 |
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Bankers : |
State Bank of India Address: Karve Road, Opposite SNDT College, Erandvana, Pune – 411 004,
Maharashtra, India |
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Banking
Relations : |
------ |
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Auditors: |
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Name: |
Bang and Company Chartered Accountants |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
(As on 31.03.2007):-
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity shares |
Rs. 10/- each |
Rs. 0.100 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity shares |
Rs. 10/-
each |
Rs. 0.100
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY
FURTHER INFORMATION
FORM 8:-
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Name of the
company |
GENESIS MANAGEMENT AND MARKET RESEARCH
PRIVATE LIMITED |
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Presented By |
State Bank of India,
Erandavana Branch, Pune – 411 004, Maharashtra, India |
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1) Date and
description of instrument creating the change |
· Agreement of loan for overall limit · Agreement of hypothecation of goods and assets · Letter regarding the grant of Individual limit within overall limit · All the above agreement are dated 08.01.1998 and executed for the creation of a single charge . |
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2) Amount secured
by the charge/amount owing on the securities of charge |
Rs. 0.910 million
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3) Short
particular of the property charged. If the property acquired is subject to
charge, date of the acquired of the property should be given |
A first charge by way of hypothecation of the borrower entire goods.
Movables and other assets present and future including documents of title to the goods and other assets
such as book debts, outstanding moneys, receivable including by way of cash
assistance and / or cash
incentives under the cash incentives
scheme or any other scheme , claims including duties by way of refund of
customs / excise duties under the duty drawback credit scheme or any
other scheme, bills, invoices , document , contracts, insurance policies,
guarantee engagements, securities investment and uncalled capital and all
machinery present and future of such form satisfactory to the bank book debts
receivables. |
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4) Gist of the
terms and conditions and extent and operation of the charge. |
ROI Medium Term Loan : 13.26% Demand Cash Credit : 13.26% Margin: Book Debts / receivables : 25% Repayment : 40 installments of Rs. 0.002
million Payable on April 98 |
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5) Name and
Address and description of the person entitled to the charge. |
State Bank of India Erandavnaa Branch, Pune |
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6) Date and brief description of instrument
modifying the charge |
Letter regarding
the grant of individuals limits within the overall limit (FC5 - Dated
29.04.2005 |
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7) Particulars of
modifications specifying the terms and conditions or the extent of operations
of the charge in which modification is made and the details of the
modification. |
The original
charge was created on 08.01.1998 for Rs. 0.910 million 1stly Modified on
13.01.1998 by giving an additional collateral security over the company
immovable properties. Now by the present modification dated 29.04.2005 the
limit has been reduced from Rs. 0.910 million to Rs. 0.600 million . The limit are as follows:-
Margin book Debts
/ receivables : 40% |
OTHER
INFORMATION:-
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PARAMETER |
DETAIL |
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Statutory Approval |
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Income Tax
Registration |
AAACG6695C |
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VAT / TIN
Registration |
TNEG061976 |
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Name of Bank |
State Bank of
India |
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Current Account
Number |
111 3839 6506 |
WEBSITE DETAILS:
Profile
The company was incorporated
in 1995 with the end purpose of creating intelligence from the vast ocean of information.
Its objective is to collect, collate, treat and analyze information
systematically and logically to aid diverse entities in their decision making
process.
The company can
boast of a highly experienced team of research professionals and field
professionals. Currently Genesis has 15 research professionals and 150 field
supervisors/investigators located in 4 branch offices and 17 field offices. The
research team includes professionals from the fields of Marketing, Advertising,
Statistics, Operations Research, Economics, Banking and Finance, Engineering,
Agriculture, Chemical, Tourism, Hospitality, Pharmaceutical, Biotechnology,
Management and Software. They do undertake qualitative as well as quantitative
studies on national and regional level.
Services
· Demand potential
· Competition Analysis
· Customer Satisfaction Studies
· Marketing and Distribution Analysis
· Concept marketing research
· After sales evaluation studies
· Product Identification studies
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Location Studies
Hot Spots
Pharmaceutical industry
The US FDA has
approved Ranbaxy Laboratories' cholesterol lowering drug pravastatin sodium
tablets in 10mg, 20mg, 40mg and 80mg dosages for to manufacture and marketing
in the US. The 80mg tablets have been granted 180-day market exclusivity in the
US.
Vical Incorporated
has said that an influenza vaccine formulated with Vaxfectin generated up to
60-fold higher antibody responses than an unformulated vaccine at the same dose
in a recently completed study.
DiaMedica has
completed enrollment in its phase II study evaluating its lead product for the
treatment of type 2-Diabetes.
Rigel
Pharmaceuticals has presented data on its inflammatory drug showing it raised
platelet counts in a number of patients in a phase II trial and patients have
also begun enrollment in a new mid stage trial.
Cell Therapeutics
has reported that Xyotax, a biologically-enhanced version of the cancer drug,
Taxol, has qualified for fast track designation for the treatment of PS2 or poor
performance status women with first-line advanced non-small cell lung cancer.
An influenza vaccine
has been produced inside the cells of an insect and appears safe indicating
that an alternative to the traditional egg based method could be used to develop
vaccines.
Pharmaceutical industry:
Growth slowdown
calls for new R and D strategies Across the US healthcare market, R and D spend
continues to rise, totaling more than $50 billion during 2006. Meanwhile,
forecast growth for the biotech market is markedly higher at 10.1% CAGR.
Aviation industry
Jet Airways will
operate Air Sahara as a separate airline under a new brand Jet Lite. The
airline will be positioned as a value carrier, which is a not fully low-cost but
positioning fare lower than full service airlines.
The Reliance ADAG
group’s MF arm, which held 3.43% in Air Deccan, has recently increased it to
4.65%.
Sun TV, a leading broadcaster
with a bouquet of 20 regional television channels and with a large presence in
FM radio, is set to tap the opportunities in the aviation business.
Terminals at five
major airports - Mumbai, Kolkata, Delhi, Chennai and Thiruvananthapuram - have
recorded an unprecedented 42.9% growth in passenger traffic during April-June 2006,
compared with 19.8% in the year-ago period
Germany-based MRO
service provider Lufthansa Technik will set up a facility in India with an
initial investment of Rs 1000.000 millions to support the growing aviation
sector in the country. The new facility will be located at Shamshabad in Andhra
Pradesh - site of the upcoming Rajiv Gandhi Hyderabad International Airport.
GoAir, part of the
diversified Wadia group, has planned to expand its 5-strong fleet to 18 planes
by December 2008 and 34 by 2011.Airlines such as Deccan Aviation, Spicejet and
Jet Airways have managed to book profits of USD$3 million - USD$6 million on
each aircraft under the lease back route.
Automobile Industry
Tata Motors has
launched its popular mini-truck Tata Ace in Nepal. The 700 cc diesel engine
mini-truck has been powerfully engineered to acclimatize to the hilly terrain
of Nepal. Tata Motors has tied-up with Nepal's Sipradi Trading to distribute
and market the truck in the country. Tata Ace's post-sales servicing would be
backed by 20 centres spread across Nepal.The company has so far sold 96,000
units of Ace in India and Sri Lanka since its launch in 2005.
Maruti net jumps 24%
in Q4. Speaking to analysts after the board meeting, Mr Jagdish Khattar,
Managing Director, said, "Sales has been propelled by compact cars."
The country's rapidly expanding economy has created a more affluent middle
class that has spurred demand for cars.The increased sales is a result of its
newly introduced Zen Estilo and Swift diesel, Maruti Udyog Limited (MUL) on
Tuesday reported a 24.3 per cent jump in net profit for the fourth quarter
ended (January-March) March 31, 2007 at Rs 44860.000 millions against Rs
36090.000 millions in the corresponding quarter the previous fiscal
(January-March 2006).
Tata Motors today
announced the launch of an upgraded range of its entry-level utility vehicle,
Tata Spacio. The upgraded vehicle, Spacio Gold Plus, is priced between Rs 0.51
million and Rs 0.540 million. The Spacio range is the entry-level variant of
the popular Tata Sumo and is said to provide a fuel-efficiency of 15kmpl.
Eicher Motors buys
US compay for $3.5 million. Commercial vehicle maker Eicher Motors has acquired
100 per cent stake in US-based Hoff and Associates, along with its two
subsidiaries in Beijing and Shanghai, for $3.5 million (Rs 147.000 millions).
After setting up
auto training institutes and manufacturing plants in Jamshedpur, Lucknow and
Pune, Tata motors is heading towards establishing an auto-training institute at
Singur, West Bengal, the site for the company’s Rs 1-Lakh small car project.
The training will come up within six months; will impart training to members of
families who have lost their land for the Tata car project.
Indian automobile
companies made nearly 1.14 million cars in the financial year that ended in
March 2006, and analysts forecast the market to reach 2 million units by 2010
as a boom in Asia's fourth-largest economy spurs consumer spending. Domestic
car sales in the financial year that ended March 31 rose 22 percent from the
year before to 1076408 from 882208 in 2005/06.
During GM chief Rick
Wagoner’s visit to India, he formally launched GM’s much-awaited small car, the
Chevrolet Spark, followed by a meeting with the dealers in India.
Information Technology News
Juniper Networks,
Inc. announced new solutions driven by expanded industry collaboration within
its Open IP Service Creation Program (OSCP). Acme Packet and BitBand are the
newest companies to participate in the program and develop solutions that
deliver enhanced next-generation network service management capabilities
enabled by integration with Juniper’s open portfolio of routing and Session and
Resource Control solutions.
Shares of Cognizant Technology
Solutions Corporation, a computer services company, fell the most in four weeks
after Piper Jaffray and Co. analyst Mark Marostica downgraded the shares
because of ``wage inflation’’ in India.
ASUS Technology
introduced the WL-600g, which is an all-in-one device that incorporates ADSL
modem, wireless router, ftp/printer server functions.
SAP AG and Adobe
Systems Incorporated announced their collaboration on a new product, SAP
Enterprise Learning environment, designed to help companies drive continuous
employee education more efficiently and cost effectively than with traditional
in-person training.
Gigabyte Technology,
one of the profound names in the IT market, is growing rapidly in the
motherboard products category.
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.42.59 |
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UK Pound |
1 |
Rs.84.16 |
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Euro |
1 |
Rs.65.99 |
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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