MIRA
INFORM REPORT
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Report Date : |
12.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
RADIANT MEDIWEB PRIVATE LIMITED |
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Registered Office : |
No.238, GF, Sectore 51 A,Chandigarh - 160022 |
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Country : |
India |
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Date of Incorporation : |
18.07.2006 |
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Com. Reg. No.: |
030494 |
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CIN No.: [Company
Identification No.] |
U72200CH2006PTC030494 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Distributor of Dental Equipments |
RATING &
COMMENTS
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MIRA’s 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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Status : |
New / Small Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a Small/ New Company.No Financials are yet available.Trade
relations are fair.Payments are usually correct and as per commitments. The company can be considered for small to meetings business dealings at
usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr.Arvind Sharma |
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Designation : |
Director |
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Date : |
05.09.2008 |
LOCATIONS
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Registered Office : |
S.C.O.34,Sector 41-D,2nd Floorchanndigarh,Chandigarh-
160022,India |
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Tel. No.: |
91-172-4651343 / 5065878 / 5045469 |
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Fax No.: |
91-172-4667943 |
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E-Mail : |
sales@radiantmediweb.com |
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Website : |
www.radiantmediweb.com |
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Area : |
1200 sq.fts. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr.Arvind Sharma |
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Designation : |
Director |
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Age : |
36 Years |
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Qualification : |
Post Graduate |
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Name : |
Mrs.Meenakshi Sharma |
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Designation : |
Director |
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Age : |
60 Years |
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Qualification : |
Post Graduate |
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Name : |
Mr.T.L.Sharma |
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Designation : |
Director |
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Age : |
63 Years |
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Qualification : |
Post Graduate |
BUSINESS DETAILS
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Line of Business : |
Distributor of Dental Equipments |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
D.D |
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Purchasing : |
T.T |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
6 (in office) |
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Bankers : |
Sector 22- C ,Chandigarh
Branch,Chandigarh – 160022 ,India |
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Facilities : |
CC up to Rs.0.500 million |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr.Mukesh Goel (Mukesh Uishesh
and Associates) Chartered Accountant |
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Mobile No.: |
91-9814528646 |
CAPITAL STRUCTURE
Authorised 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 |
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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5.200 |
Expected Sales (2008-09) : Rs.15.000 millions
LOCAL AGENCY
FURTHER INFORMATION
FORM 8
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This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U72200CH2006PTC030494 |
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Name of the
company |
RADIANT MEDIWEB
PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
S.C.O.34,Sector 41-D,2nd Floorchanndigarh,Chandigarh,India |
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Type of charge |
Book Debts and Others |
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Particular of
charge holder |
The South Indian
Bank Limited Sector 22- C
,Chandigarh Branch,Chandigarh – 160022 ,India |
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Nature of
description of the instrument creating or modifying the charge |
Sanction Letter
date 31.03.2008 Hypothecation
Agreement dated 31.03.2008 |
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Date of
instrument Creating the charge |
31.03.2008 |
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Amount secured by
the charge |
Rs.0.500 million |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
a)
Rate of Interest BPLR + 3% that is
(BPLR presently at 15%) b)
Terms of Repayment CCOL of Rs.0.500
million , Loan period 12 months c)
Margin Hypothecation of
stock with 25% margin and of book debts (not older than 90 days)with 50%
margin d)
Extent and Operation of the charge 100% in favour of
the bank |
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Short particulars
of the property charged |
Hypothecation of
stocks and book debts of the company Plot admeasuring
Sq yds. Comprised in 2/112 share no.47/268,48/300 khasra no. 11/19/(2-2)20/2-12,
21/6-8, 22/0-10 at village khurd Tehsil Dera Bassi in the name of Mrs. Meenakshi Sharma and Mr. T.L.Sharma. |
TRADE REFERENCES:
- Dental Chairs (Chandigarh)
- Ultra Sound (Chandigarh)
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Associates Of
The Subject: |
Dr. Shah & Sons
Dental and Medical Company 682,Shukarwar Peth,Rameshwar Chowk,Pune – 411
002,Maharashtra |
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Tel No: |
91-20-24474596 |
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Associates Of
The Subject: |
R-Dent
Systems 13/20,2nd Floor,Raipur Road,
Dehredun,Uttarakhand |
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Mobile No: |
91-9410546450 |
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Associates Of
The Subject: |
Himachal Dental
Company Flat#2, FF,Behind Oriental Bank of Commerece, Uppal Niwas,New
Road,Hamirpur(HP) |
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Tel No: |
91-197-2225202 |
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Associates Of
The Subject: |
B.R.Sons Shop # 24,Guru Teg Bahadur Market,T.B.Hospital Road,Patiala-147 001 |
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Tel No: |
91-175-2202421 |
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Associates Of
The Subject: |
Khanna
Enterprises Sco 1130-31,1st Floor,Sector 22 – B,Chandigarh-160022 |
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Tel No: |
91-172-3012157 |
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Mobile No: |
91-9888083122 |
- 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.45.44 |
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UK Pound |
1 |
Rs.79.62 |
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Euro |
1 |
Rs.63.48 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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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 |
- |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
- |
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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 |
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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27 |
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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