MIRA
INFORM REPORT
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Report Date : |
31.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
ARYA DIGITAL SOLUTIONS |
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Registered Office : |
205, Rabindra sarani, 2nd Floor, Room No. 75/77, Kolkata
700007, |
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Country : |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment; |
2004 |
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IEC No.: |
0204006856 |
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PAN No.: [Permanent
Account No.] |
AAKFA0821H |
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Legal Form : |
Partnership Concern With an Unlimited Liability of the Partner |
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Line of Business : |
Integrater, Distributor and importer of CCTV Video Survelliance
Systems (Camera), Vehicle Tracking Systems. |
RATING &
COMMENTS
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MIRAs 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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Maximum Credit Limit : |
USD 2500 |
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Status : |
Small Concern |
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Payment Behaviour : |
Slow and Delayed |
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Litigation : |
Clear |
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Comments : |
Subject is a small concern having limited business. Trade relations are
fair. Subjects current year and future performance is expected to be
affected due to global meltdown and recession in the Industry. It may
ultimately affect the payment behaviours of
the subject resulting into delay. The concern can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Abhishek Sharma |
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Designation : |
Partner |
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Contact No.: |
91-9433039964 |
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Date : |
27.10.2008 |
LOCATIONS
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Registered Office : |
205, Rabindra sarani, 2nd Floor, Room No. 75/77, Kolkata
700007, West Bengal, India. |
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Tel. No.: |
91-33-65459963 |
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Mobile No.: |
91-9433039964 ( Mr. Abhishek Sharma ) |
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Fax No.: |
91-33-22739964 |
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E-Mail : |
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Website : |
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Area : |
300 sq ft |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Abhishek Sharma |
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Designation : |
Partner |
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Date of Birth/Age : |
30 Years |
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Qualification : |
B.COM |
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Name : |
Mr. Alip Sarkar |
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Designation : |
Partner |
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Date of Birth/Age : |
29 Years |
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Qualification : |
MBA |
BUSINESS DETAILS
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Line of Business : |
Integrater, Distributor and importer of CCTV Video Survelliance
Systems (Camera), Vehicle Tracking Systems. |
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Imports : |
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Products : |
·
Digital Video recorders ·
Metal Detector |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit Depends, TT/Advance |
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Purchasing : |
Cash and Credit, TT/Advance |
GENERAL
INFORMATION
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Customers : |
Dealers |
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No. of Employees : |
10 |
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Bankers : |
Union Bank of Kolkata, Jorasanko Branch, |
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Facilities : |
CC- Rs. 2.500 Millions, Overdraft 1.000. |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Surendra Yamuna and Associates, Chartered Accountant. |
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Address : |
Kolkatta |
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Associates/Subsidiaries : |
Arya Soft Technologist, Address:205, Rabindra Sarani, 2nd Floor, Room No. 76/77,
Kolkata 700007,West Bengal, Line of Business: Software |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.0.500 Million (Estimated) |
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Borrowed : |
NA |
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Total : |
Rs.0.500 Million (Estimated) |
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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5.000 |
Expected Sales (2008-09) : Rs.8.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
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Kolkata Police, Kolkata
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Railway Protection, Eastern Railway, Kolkata.
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Additional Requirement of Indiamart for Trust-Seal |
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State Sales Tax Registration. : 19341174254 |
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VAT / TIN : 19341174060 |
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IEC Code : 0204006856 |
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PAN / TAN : AAKFA0821H |
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Bank Name : Union Bank of |
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Bank Address : Jorasanko Branch, Kolkata |
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Bank A/c. No.: 50429373 |
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Account Since : 6 Months |
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Profile:
Incepted in the year 2003, Subject is one of the foremost importers and
suppliers of security equipment and surveillance systems like bomb detection
equipment, IP video surveillance system, time attendance system, CCTV video
surveillance system, network video surveillance system etc. Their surveillance
systems, access control systems, metal detectors and VTS systems are reliable,
efficient and accurate in their performance.
Founded by Mr. Abhishek Sharma and Mr. Alip Sarkar, they
are a sister concern of Aryasoft Technologies. Led by their industrial
experience and business acumen has played a phenomenal role in their success.
Their industrious and experienced professionals are well aware of industry
dynamics and accordingly strategize their activities to achieve the best for
the company and for their clients. They are ably assisted by their wide
distribution network to cater their security equipment to clients spread
throughout the country. Capitalizing on their industrial experience they are
able to offer customize packaging and timely supply of their surveillance
system.
Their Rich Vendor
Base:
With the common objective in mind to attain complete client
satisfaction through their endeavor such as timely supply of optimum quality
and accurate surveillance systems, they have developed a rich vendor base in
the country. They act as a vital link between their vendors and clients and
ensure to satisfy both of them. They select their vendors after thorough and
rigorous search for quality and industrial experience. In order to have a
healthy vendor base they train their procuring agents and convey the
requirements of their clients. They also ensure that their suppliers follow
standard parameters during the production process.
Their vendors are selected on the following parameters:
Timely and prompt supply
Qualitative measures in production
Safe packaging
Capitalizing on their rich vendor base they are able to cater their clients
effectively and within the time period.
Their
Workforce:
They have employed a team of industrious professionals with vast
experience in their respective field. Their professionals including procurement
agents, electrical & software engineers, quality auditors, sales and
marketing professionals work in close proximity of each other to ensure a
smooth and swift sourcing and supplying of security and surveillance systems.
They also ensure that their workforce remains aware of industrial trends and
hence they provide training sessions at regular interval of time.
Their procurement agents have deep product know-how which helps them in the
sourcing process. Their electrical and software engineers check the whole gamut
for accuracy and other standard parameters. Coupled with their marketing
professionals they are able to cater to their clientele in the country.
Leveraging on the meticulous performance of their professionals they are able
to expand their business throughout different states of India and retain their
economies of scale amidst stiff competition
Quality
Assurance:
Quality, being prime concern to their endeavor, they ensure
and follow strict quality standard throughout different phases. They have set
up a quality management system wherein they check procurement, storage and
supplying process for effectiveness. Their quality auditors manage the whole
activity with proper assistance from other team members. Their quality
objective is sternly based on following aspects:
Sourcing security equipment from reliable manufacturers
Checking for superior grade components
Testing for flaws and defects
Storing in a well maintained warehouse
Packaging with quality material
Supplying their range within stipulated time frame
Their sourced surveillance system is tested for the following parameters:
High resolution & excellent picture quality (CCTV cameras)
Efficiency & Accuracy
Power consumption
LED test (bomb detecting systems)
Audio test (bomb detecting systems)
Capitalizing on their stringent testing they are able to meet the requirements
of their clients effectively
Infrastructure:
They have state of the art infrastructure facilities that empower them
to manufacture at low cost of production with best grade quality. Some of their
product range includes metal detector, time attendance system, CCTV video
surveillance system, network video surveillance system, CCTV video surveillance
system, dome cameras, box cameras, PC based DVR, standalone DVR, central
monitoring software, bomb detection equipment, vehicle tracking systems etc.
Clients:
Being a client centric organization they have directed their
endeavor towards achieving maximum client satisfaction. To ensure customer
satisfaction they offer customized solution and package consignment as per
their client requirement. Further, their timely delivery and easy payment mode
allow them to cater their security systems in Kolkata and North-Eastern States
of India.
Some of their reputed clients comprises of the following:
State Bank of India
Eastern & South Eastern Railway
Kolkata Police
Air Force Kalaikunda & Salugara
Royal Police of Bhutan
UNDP, Bhutan
Dept of Prisons, WB Govt.
(S.A.I.L) Bokaro Steel Plant
IOC (Indian Oil Corporation)
Hotel Hindustan International, Kolkata
Indian Institute of Technology (Silchar, Assam)
Woodland Medical Centre Ltd.
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.49.77 |
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UK Pound |
1 |
Rs.79.78 |
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Euro |
1 |
Rs.63.36 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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 |
NO |
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--AFFILIATION |
YES/NO |
YES |
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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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36 |
This score serves as a reference to assess SCs 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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