MIRA
INFORM REPORT
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Report Date : |
20.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
CLEAR-ION EXPERTS PRIVATE LIMITED |
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Registered Office : |
2nd Floor, Mahavir Local Shoping Center, Rishab Vihar, New
Delhi – 110 092 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
14.05.1996 |
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Com. Reg. No.: |
55-78876 |
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CIN No.: [Company
Identification No.] |
U41000DL1996PTC078876 |
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IEC No.: |
0504080555 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
RTKC1708A |
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PAN No.: [Permanent
Account No.] |
AAACC5410H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter of water, waste water and Air pollution
control equipments. |
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 5000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having satisfactory track
records. Trade relations are fair. Payments are reported as correct and as
per commitments. The company 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. K K Sharma |
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Designation : |
Chief Executive Officer |
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Contact No.: |
91-9811323029 |
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Date : |
18.10.2008 |
LOCATIONS
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Registered Office : |
2nd Floor, Mahavir Local Shoping Center, Rishab Vihar, New
Delhi – 110 092, India |
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E-Mail : |
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Website : |
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Factory : |
Plot No. 28, Sector – 24, Faridabad – 121 005, Haryana, India |
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Tel. No.: |
91-129-2231499 / 2231500 / 4023029 |
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Mobile No.: |
91-9811323029 |
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Fax No.: |
91-129-2231499 |
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E-Mail : |
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Area : |
15000 Sq. ft. |
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Location : |
Leased |
DIRECTORS
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Name : |
Mr. Krishan Kant Sharma |
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Designation : |
Director |
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Address : |
House No. 365, Main Ashoka Enclave, Sector – 35, Faridabad – 121 001,
Haryana, India |
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Date of Birth/Age : |
10.01.1959 |
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Qualification : |
Env. Engineer |
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Experience : |
25 Years |
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Date of Appointment : |
14.05.1996 |
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Name : |
Mrs. Mamta Sharma |
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Designation : |
Director |
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Address : |
House No. 365, Main Ashoka Enclave, Sector – 35, Faridabad – 121 001,
Haryana, India |
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Date of Birth/Age : |
08.05.1969 |
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Qualification : |
Graduate |
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Experience : |
10 Years |
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Date of Appointment : |
23.02.1999 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 31.03.2007)
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Names of Shareholders |
No. of Shares |
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K K Sharma |
25800 |
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Mamta Sharma |
800 |
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Total |
26600 |
Equity shares Breakup (percentage of total equity)
(As on 30.09.2006)
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Category |
Percentage |
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Directors or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of water, waste water and Air pollution
control equipments. |
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Exports : |
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Products : |
Water, waste water and Air pollution control systems |
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Countries : |
·
European Countries ·
Middle East |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C |
GENERAL
INFORMATION
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Customers : |
Others |
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No. of Employees : |
46 (In Office 11 and In Factory 35) |
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Bankers : |
·
HDFC Bank ·
Citi Bank ·
State Bank
of Patiala, Sec-24, Faridabad |
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Facilities : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Rakesh Raj and Associates Chartered Accountants |
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Address : |
565, Sector – 7/B, Faridabad – 121 006, Haryana, India |
CAPITAL STRUCTURE
(As on 30.09.2006)
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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26600 |
Equity Shares |
Rs.10/- each |
Rs.0.266
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.266 |
0.266 |
0.266 |
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2] Share Application Money |
0.515 |
0.475 |
0.450 |
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3] Reserves & Surplus |
0.245 |
0.184 |
0.153 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
1.026 |
0.925 |
0.869 |
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LOAN FUNDS |
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1] Secured Loans |
0.117 |
0.162 |
0.254 |
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2] Unsecured Loans |
0.773 |
0.977 |
0.678 |
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TOTAL BORROWING |
0.890 |
1.139 |
0.932 |
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DEFERRED TAX LIABILITIES |
0.027 |
0.035 |
0.046 |
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TOTAL |
1.943 |
2.099 |
1.847 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.719 |
0.706 |
0.730 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
1.685
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3.302 |
1.876 |
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Sundry Debtors |
1.394
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1.826 |
2.216 |
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Cash & Bank Balances |
0.175
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0.488 |
0.056 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
0.139
|
0.096 |
0.120 |
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Total
Current Assets |
3.393
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5.712 |
4.268 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
2.169
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4.319 |
3.152 |
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Provisions |
0.000
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0.000 |
0.000 |
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Total
Current Liabilities |
2.169
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4.319 |
3.152 |
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Net Current Assets |
1.224
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1.393 |
1.116 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.001 |
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TOTAL |
1.943 |
2.099 |
1.847 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
9.336 |
5.945 |
9.523 |
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Other Income |
3.063 |
4.592 |
0.058 |
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Total Income |
12.399 |
10.537 |
9.581 |
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Profit/(Loss) Before Tax |
0.134 |
0.088 |
0.185 |
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Provision for Taxation |
0.074 |
0.057 |
0.067 |
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Profit/(Loss) After Tax |
0.060 |
0.031 |
0.118 |
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Expenditures : |
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Opening Stock |
3.303 |
1.876 |
0.000 |
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Manufacturing Expenses |
6.595 |
6.776 |
0.000 |
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Personnel Expenses |
1.019 |
0.893 |
0.000 |
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Selling and Administrative Expenses |
1.017 |
0.597 |
0.000 |
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Increase/(Decrease) in Finished Goods |
0.000 |
0.000 |
0.557 |
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Financial Expenses |
0.162 |
0.138 |
0.000 |
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Financial charges |
0.000 |
0.000 |
0.234 |
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Depreciation & Amortization |
0.169 |
0.169 |
0.194 |
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Other Expenditure |
0.000 |
0.000 |
8.411 |
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Total Expenditure |
12.265 |
10.449 |
9.396 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
0.48
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0.29 |
1.23 |
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Net Profit Margin (PBT/Sales) |
(%) |
1.44
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1.48 |
1.94 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
3.26
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1.37 |
3.70 |
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Return on Investment (ROI) (PBT/Networth) |
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0.13
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0.09 |
0.21 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.98
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5.90 |
4.70 |
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Current Ratio (Current Asset/Current Liability) |
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1.56
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1.32 |
1.35 |
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance Chart
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Parameters |
Details |
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Existence Verification |
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Name |
CLEAR-ION EXPERTS PRIVATE LIMITED |
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Address |
Plot No. 28, Sector – 24, Faridabad – 121 005, Haryana, India |
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Statutory Approvals |
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Legal Status of Firm |
Private Limited |
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Income Tax Registration |
AAACC5410H |
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Central Sales Tax Registration |
1304674 |
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State Sales Tax Registration |
06741314674 |
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VAT/ TIN Registration |
06741314674 |
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Excise Registration |
AAACC5410H XM001 |
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Import Export Code |
0504080555 |
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Name of Bank |
State Bank of Patiala |
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Current Account Number |
65014149817 |
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Account Since |
2001 |
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Emp PF Reg Number |
HR-12280 |
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Company ESI Reg. Number |
13/17841/57 |
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Credibility Factors |
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IndiaMART Client Since |
2004 |
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Years of Establishment |
1996 |
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Turn Over |
+ Rs.20.000 millions |
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Trade Affiliations |
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SSI Registration |
NSK/GP/R3/C-25/4RN/2006 |
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Standards & Certifications |
ISO 9001:2000 |
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Safety Certificates |
CE-DL 06000136-001 |
Trade References
·
Devram Engine Bearing and Bushes, Turkey
·
General Plastics – Kenya
·
Star Cement, Dubai-UAE
Fixed Assets
·
Plant and Machinery
·
Generator
·
Office Equipments
·
Air Conditioner
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Refrigerator
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Furniture and Fixture
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Car
·
Scooter and Motor Cycle
·
Cycle
·
Computer
Form No. 8
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Name of the company |
CLEAR-ION EXPERTS PRIVATE LIMITED |
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Presented By |
Mr. K K Sharma
(Director) |
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1) Date and description of instrument creating the change |
Hypothecation
Deed dated 27 Jan 2001 |
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2) Amount secured by the charge/amount owing on the securities of charge |
CC Limit (against
stock) Rs.0.900 million CC Limit (Book
debts) Rs.0.300 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 |
Hypothecation of
Stock (Raw Material, Stock in Process, Finished Goods) and Book debts,
machinery and other assets |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Rate of interest
15.75% p.a. |
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5) Name and Address and description of the person entitled to the charge. |
State Bank of
Patiala Sec-24, Faridabad |
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6) Date and brief description of instrument modifying the charge |
N.A. |
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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. |
N.A. |
Web Details
They have come forward with the enthusiasm to share the task for the
abatement of water/waste water and Air pollution. They are actively working on
this for the last twenty years and ultimately they thought to step forward
publicly.
They take-up turn key projects for the following and believe that will
relieve the Problem / Enquiries in our tender care :-
(1) Effluent treatment plants.
(2) Drinking water treatment plant, comprising major units as
a. Slow Sand filtration.
b. Rapid sand filtration
c. Clarifloculators.
d. Pressure sand filtration plants.
(3) Sewage treatment plants. (Industrial, Institutional, Towns and Colonies)
(4) Swimming Pools. (Family Size, Half Olympic Size, Olympic Size)
(5) Activated Carbon Filtration.
(6) Softening Plants (Industrial/Package)
(7) D.M. Plants (Industrial/Package)
(8) D-Alkalisers.
(9) D-Flourodisers
(10) Mineral Water Plant
(11) Oil Skimming System.
(12) Micron Filtration.
(13) Iron removal plant.
(14) Chlorination system/Chemical dosers. (Automatic and manual type).
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] 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
|
Currency |
Unit
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Indian Rupees |
|
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 |
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 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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