MIRA
INFORM REPORT
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Report Date : |
18.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
ULTIMA IMAGING SYSTEMS PRIVATE LIMITED |
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Registered Office : |
3820/6 Kanhaya Nagar, New Delhi-110035 |
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Country : |
India |
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Date of Incorporation : |
10.09.2004 |
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Com. Reg. No.: |
128956 |
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CIN No.: [Company
Identification No.] |
U74300DL2004PTC128956 |
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IEC No.: |
0506004716 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELU02903F |
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- |
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PAN No.: [Permanent
Account No.] |
AAACU7395K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer, Exporter and Supplier of Led Electronic Signs and
Displays. |
RATING &
COMMENTS
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MIRAs Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a 4 years old company but has not filed any financials with
the Government department till date. The company is poor in corporate governance.
The management parted some details but declined to part with financials.
Payments are reported as slow and delayed. The company can be considered for business dealings on safe and
secured terms in view of non-availability of financials. |
INFORMATION PARTED
BY
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Name : |
Mr. Vijay Arora |
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Designation : |
Director |
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Date : |
17.10.2008 |
LOCATIONS
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Registered Office : |
3820/6 Kanhaya Nagar, New Delhi-110035, India |
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Factory 1 : |
2109/164, Ganesh Pura, Tri Nagar, New Delhi-110035, India |
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Tel. No.: |
91-11-27381053 |
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Mobile No.: |
91-9312200020 |
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Fax No.: |
91-11-27381119 |
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E-Mail : |
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Website: |
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Area : |
200 sq yards (Owned) |
DIRECTORS
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Name : |
Mr. Vijay Arora |
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Designation : |
Director |
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Address : |
B-3, Shakti Apartment, Sector-9, Rohini, Delhi-110085, India |
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Date of Birth/Age : |
51 Years |
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Qualification : |
Graduate |
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Date of Appointment : |
01.09.2004 |
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Name : |
Mrs. Veena Arora |
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Designation : |
Director |
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Address : |
B-3, Shakti Apartment, Sector-9, Rohini, Delhi-110085, India |
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Date of Birth/Age : |
47 Years |
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Qualification : |
Graduate |
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Date of Appointment : |
17.01.2005 |
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Name : |
Mr. Sandeep Cally |
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Designation : |
Director |
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Address : |
G-120, Ashok Vihar, Phase-1, Delhi-110052, India |
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Date of Appointment : |
01.09.2004 |
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Date of Ceasing : |
17.01.2005 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 26.06.2005
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Names of Shareholders |
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No. of Shares |
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Vijay Arora |
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5000 |
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Sandeep Cally |
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5000 |
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Total |
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10000 |
Equity Share Breakup (Percentage of Total Equity)
As on 27.06.2005
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Category |
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Percentage |
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Directors or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Supplier of Led Electronic Signs and
Displays. |
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Exports : |
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Products : |
LED Electronic Sings and Display Boards |
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Countries : |
Uganda and USA |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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Customers : |
Retailer |
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No. of Employees : |
20 ( Office 12, Factory 8) |
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Bankers : |
Union Bank of India, Sector-9, Rohini, Delhi, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Singhal and Associates Chartered Accountant |
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Address : |
Delhi |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 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]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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4.500 |
Expected Sales (2008-09) : Rs.7.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
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Additional Requirement of Indiamart for Trust-Seal |
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VAT / TIN : 07490292027 |
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IEC Code : 0506004716 |
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PAN / TAN : AAACU7395K |
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Bank Name : Union Bank of India |
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Bank Address : Sector-9, Rohini, Delhi-85 |
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Bank A/c. No.: 520401010036028 |
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Account Since : 4 Years |
AS PER WEBSITE
History:
They are a customer oriented company, dedicated to achieve
100% customer satisfaction. When the company was established, it was started
with the objective of putting its customers always first and today that is
exactly what has happened. They have adopted customer friendly services to give
the customers a pleasant experience of doing business with them. They take all
efforts to ensure premium quality, timely supplies, competitive prices and
excellent after sales service.
Product
Information:
Based on microprocessor
controller technology, the LED display systems are available in red, green and
blue colors. Wide viewing angle and high visibility display make the
electronic display boards highly suitable for use in fog and smoky conditions.
Some of the advantages of the display systems are:
User friendly keyboard operation
Graphic displays
9 Speed settings
Suitable for indoor as well as outdoor display
Available in various boards and character sizes
Single and multiple line display
Low power consumption and long life
Customizable to fulfill specific customer requirements
The clients can use the display boards to give their business a professional
image and hence to increase their profits. They accept orders in bulk as well
as economic order quantities and as rule, the quality of the products and
services always remains the same irrespective of the quantity desired.
Product
Applications:
The quality L.E.D. display systems have found usages in
following applications:
To display Real Time Clock & Temperature for the daily clients / visitors
To display hot deals of the day for auto deals
Railways information
To display daily gold and foreign exchange/rates
To display promotional schemes for F.M.C.G. / Corporate
sectors.
Shopping malls & retail stores.
Clubs & multiplexes
Trade Fairs
To display information in hotels & hospitals
Institutions, schools, banks and ATMs.
Traffic signals
Pedestrian countdown system for maximum pedestrian safety.
Amusement parks & zoos
The
Services:
Some of the services in the field of electronic display
boards are:
I. Advertisement in malls, retail stores & commercial complexes:Through
the sophisticated LED display boards, they offer services for advertisements in
shopping malls, retail stores and commercial complexes. These places are direct
sale points, which can can use the attractive options to advertise and promote
their products. The offering include a wide range of indoor, outdoor, day &
night visible boards that can be strategically installed to avail long term
profits.
II. Information and Display in MNCs and Corporate Houses: The
electronic display boards can be effectively used for displaying instant
production figures, process data, work status information, countdown display
series, combined vehicle signal to give a visual update in MNC's and corporate
houses. The messages or characters can be displayed in a various sizes, colors
and multiple languages.
Other
Services:
Displaying Information in Transportation Systems : Electronic
LED display systems are the most preferred choice world across in mass transit
co-operations. They are commonly use as coach guidance system in platforms as
passenger guidance system, traffic information, traffic guidance, flight
information etc.
II. Instant Communication : They help the clients' businesses in
increasing their profit by offering products that offer instant communication
with the customers. The LED display boards can be effectively used to:
Broadcast daily / hourly / news / information / hot deals / important
messages.
Advertise products with attractive options
Promote school or sporting events
Welcome important guests or groups
Display arts, events, ticket sale
Use in hospitals, medical centers
Traffic signal management
Infrastructure and Workforce:
The company is situated in national capital of India
Delhi, with excellent infrastructural facilities. The production unit is
equipped with all the latest machines, software and electronic equipment to
manufacture high performance and durable electronic display systems. Utilizing
the sophisticated production facilities, the qualified and skilled workforce
can produce LED display boards matching the international market standards.
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 Intl
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 companys 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.48.68 |
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UK Pound |
1 |
Rs.84.37 |
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Euro |
1 |
Rs.65.70 |
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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