MIRA
INFORM REPORT
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Report Date : |
01.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
KVALITET VERITAS QUALITY ASSURANCE |
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Registered Office : |
106, Gupta Arcade, Mayur Vihar, Phase - 1, New Delhi – 110091 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2001 |
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TAN No.: |
DELK04291A |
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PAN No.: [Permanent
Account No.] |
AAESK8043N |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Providing Certification Services. |
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 2000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a certification agency. Its trade relations are fair.
Payments are usually correct and as per commitments. Nothing adverse reported. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Lav Kaushik |
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Designation : |
Proprietor |
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Date : |
18.08.2008 |
LOCATIONS
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Registered Office : |
106, Gupta Arcade, Mayur Vihar, Phase - 1, New Delhi – 110091, India |
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Tel. No.: |
91-11-22711940/ 22711941 |
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Mobile No.: |
91-9891295551 |
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Fax No.: |
91-11-22719366 |
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E-Mail : |
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Area : |
500 Sq. ft. |
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Location : |
Owned |
PROPRIETOR
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Name : |
Mr. Lav Kaushik |
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Designation : |
Proprietor |
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Date of Birth/Age : |
28 Years |
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Qualification : |
B. Tech |
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Experience : |
3 Years |
BUSINESS DETAILS
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Line of Business : |
Providing Certification Services. |
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Products : |
v Quality Management
System Qualifications – ISO Series 9001:2000 Certification Services. v Environment
Management System – ISO 14001:2004 Certification Services v OHSAS 18001
Certification Services v HACCP v Third Party
Inspection v Training
Programs |
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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 : |
v Public Administration and Government Organisation Ø
Office of the Chief Engineer, PWD, Aurangabad Ø
Public Works Circle, Aurangabad Ø
CISS Limited Ø
Vigilance and Quality Control Circle, Aurangabad Ø
VQCC Labs Ø
Central Jail, Bhopal Ø
West Bengal State Electricity Board, (Jeerat Transmission Circle) v Hospitals Ø Metro Hospitals
– Delhi and NCR Ø Dr. D. K. Gulati
Pathology Lab, Delhi Ø Shekhar Hospital,
Lucknow Ø Indus Hospital,
Chandigarh Ø Amandeep
Hospital, Amritsar Ø Stanford Bio
Technology v
Pharmaceuticals Ø
Emami Industries – Cosmetics Ø
Bison Pharmaceuticals Ø
Anant Pharmaceuticals Ø
Accure Labs Private Limited v Software and Computers Ø Zenith Infotech Limited, Mumbai Ø PLM Infotech Limited Ø Score Information Technology Ø ISOFT India Limited Ø CSM Infotech Limited v
Food Products Ø Pan Parag- Kothari Industries Limited. Ø Perfect Bread - L. R. Foods. Ø Real Beverages. Ø R.M. Industries. Ø Jay Kay Beverages. Ø Pure Foods. Ø Kitty Food Industries. Ø Emami Industries - Cosmetics. |
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No. of Employees : |
26 |
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Bankers : |
v Corporation Bank Mayur Vihar, Phase – II, New Delhi – 110 091, India |
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Auditors : |
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Name : |
Not Available |
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Memberships : |
v NORSK v IAF |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.400 million |
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Borrowed : |
-- |
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Total : |
Rs. 0.400 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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8.000 |
7.000 |
Expected Sales (2008-09): Rs. 10.000 millions
LOCAL AGENCY
FURTHER INFORMATION
Trust Seal
Acceptance Chart
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Parameters |
Details |
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Existence Verification |
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Name |
KVALITET VERITAS QUALITY ASSURANCE |
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Address |
106, Gupta Arcade, Mayur Vihar, Phase - 1, New Delhi – 110091, India |
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Tel. No. |
91-11-22711940/ 22711941 |
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Fax No |
91-11-22719366 |
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Statutory Approvals |
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Legal Status of Firm |
Proprietorship |
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Income Tax Registration |
AAESK8043N |
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Service Tax Registration |
AAESK8654ST001 NST |
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Name of Bank |
Corporation Bank, Mayur Vihar, Phase – II, New Delhi |
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Credibility Factors |
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Year of Establishment |
2001 |
As Per Website Details
Subject is a leading organization which is into quality certifications for individual projects as well as corporate houses. They offer quality certification services in effective management control, marketing advantage, international acceptance and competitive edge in quality and market-hold.
They are accrediated by NORSK akkreditering, a member of IAF and have issued
more than 1400 Certifications and provide round the clock information service.
The certification supports the customer's pledge to improve the the quality of
their business performance. Certification of quality systems is considered to
be the most effective way to improve a concern’s quality program, standardize
its processes and formalize its critical procedures.
The commitment to quality has helped us in establishing a long lasting
relationship with the clients.
Services
They offer top-notch services for the following certifications:
v Quality Management System Qualifications - ISO Series 9001:2000 Certification Services.
v Environment Management System - ISO 14001:2004 Certification Services.
v OHSAS 18001 Certification Services.
v HACCP
v Third Party Inspection.
v Training Programs.
Certification Process
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Sequence of Audit
& Certification Process |
To Be Done By |
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Decision making on ISO 9001:2000 requirement |
Organization |
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Analyzing the organization for ISO certification |
Discussion between the Organization and KVQA |
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Planning for quality manuals, documented procedure and ISO 9001 implementation |
Organization or Consultant. |
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Periodic review on preparation for ISO 9001, Action and Follow up |
Organization |
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Satisfactory preparation for ISO Audit |
Organization |
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Fixing up of dates for Audit |
Organization |
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Auditing for adequacy of documents |
Organization |
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Conducting on site audit at the premises |
KVQA |
ISO Series 9001:2000 Certification Services
These standards have now been adopted by more than 140 countries and provide an
excellent model for documenting and maintaining a verifiable quality management
system.
Certification to ISO 9000 Series of Standards provides the fundamental strength
to meet the challenges of market leadership in the next millennium and has now
become a powerful marketing tool for companies worldwide to establish their
credibility and acquire aggressive competitive strength as part of their
strategic intent to lead international markets.
Advantages of Certification
Certification ensures competitive advantages and secures future business by
identifying areas for improvement. Also, it leads to a satisfied customer base
and in turn increases the demand to make a profitable business. Some of the
other benefits are:
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Achieving
corporate objectives and improving business performance
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Proactive
problem-solving and prevention, rather than correction of mistakes
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Cross-functional
cooperation and coordination and improved flow of information
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Customer,
partner, and employee satisfaction
The Team
The team consists of experienced engineers in quality management systems field
and other associates include experts from various related fields like
engineering, chemicals, pharmaceuticals etc who have vast experience in quality
management systems training, implementation and audits.
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 concern is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
The 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.
The Governance Assessment focuses principally on the interactions
between a concern’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. 43.79 |
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UK Pound |
1 |
Rs. 80.05 |
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Euro |
1 |
Rs. 64.56 |
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 |
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 |
NO |
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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, they have no basis upon which to
recommend credit dealings |
No Rating |
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