MIRA
INFORM REPORT
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Report Date : |
01.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
AL HIND FOREIGN SERVICE AGENCY |
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Registered Office : |
No - 73, Main Road, Near State Bank, Zakir Nagar, New Delhi – 110 025 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1978 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Subject acts as Manpower Recruitment and
Travel Agent |
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 1000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well
established and reputed concern having satisfactory track. Proprietor is
reported as experienced and respectable businessman. Trade relations are
fair. Business is active. 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. M. H. Siddiqui |
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Designation : |
Proprietor |
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Date : |
27.10.2008 |
LOCATIONS
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Registered Office : |
No - 73, Main Road, Near State Bank, Zakir Nagar, New Delhi – 110 025, India |
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Tel. No.: |
91-11-26983980/ 26983981/ 26983981 |
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F1ax No.: |
91-11-26983982 |
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E-Mail : |
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Website : |
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Area : |
1000 sq. ft. |
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Location : |
Rented |
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Branch Office : |
38, G. F., Ashok Shoping Complex, Near G.
T. Hospital, L. T. Road, Mumbai – 400 002, Maharashtra, India |
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Tel. No.: |
91-22-22652906 |
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Fax No.: |
91-22-22652910 |
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Area : |
500 sq. ft. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. M. H. Siddiqui |
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Designation : |
Proprietor |
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Date of Birth/Age : |
57 Years |
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Qualification : |
B.Com |
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Experience : |
33 Years |
BUSINESS DETAILS
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Line of Business : |
Subject acts as Manpower Recruitment and
Travel Agent |
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Exports : |
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Countries : |
Saudi Arabia, United Arab Emirates, Kuwait, Libya and U.S.A |
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Terms : |
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Selling : |
Advance, Cash or Credit basis |
GENERAL
INFORMATION
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Suppliers : |
Own Recruitment Office in Delhi and Mumbai |
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Customers : |
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No. of Employees : |
About 10 |
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Bankers : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Rastogi and Rastogi Associates Chartered Accountants |
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Address : |
New Delhi |
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Associates/Subsidiaries
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NIL |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.0.200 million (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs.0.200 million (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2008 |
31.03.2007 |
31.03.2006 |
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Services Income |
3.000 |
6.000 |
5.000 |
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Expense |
NA |
4.000 |
3.500 |
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Profit/Loss for the year |
NA |
2.000 |
1.500 |
Expected Services Income (2008-09):Rs.5.000 millions
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCES:
- SAPTO
(Government Bodies), Saudi Arabia
- Ansal
As Per Web:
Approved by Government of India to supply
any category any number of workers to any country under License No.
000103/DEL/PER/1000+/3/1263/84.
- Approved
by Royal Saudi Arabian Medical Office to supply all medical, para-medical and
Nursing staff to Royal Saudi Government Hospitals run by Ministry of Health,
Ministry of Interior, Ministry of Defense and Aviation or Ministry of Labour
and Social Welfare or King Faisal Specialist Hospital and Research Center.
- Approved
by Saudi Arabian Embassy to deal and fix visa for any category under
identification card number 15. If you are interested in us, please take the
time to browse through our site and contact us if you have any questions.
- "Subject",
its head office is located in New Delhi and the branch office is in Mumbai,
India.
Services
The core idea of the company is to promote advancement of Jobs in India as
well as to capitalize on the high quality of the locally available human IT
resources by providing services to both local and foreign clients.
Certificates and Appreciations :
- Certificated by Ministry of Defence Hospital - Al-Jubail
- Certificated by Ministry of Defence and Aviation - Riyadh
- Certificated by Ministry of Defence - Khamis Mushayt
- Certificated by Ministry of Health K.S.A.
- Certificated by Ministry of Health K.S.A.
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.49.25 |
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UK Pound |
1 |
Rs.80.36 |
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Euro |
1 |
Rs.62.84 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
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
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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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