MIRA
INFORM REPORT
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Report Date : |
20.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
AHUJA AND AHUJA |
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Registered Office : |
D- 985, New Friends Colony, New Delhi – 11025. |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2003 |
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PAN No.: [Permanent
Account No.] |
AALFA8142L |
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Legal Form : |
A Partnership Concern with an unlimited liability of the partners. |
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Line of Business : |
Chartered Accountancy Firm |
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 1500 |
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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 Chartered Accountancy Firm having steady
revenue. Trade relations are fair. Payments are correct. It can be considered
normal for business dealings at usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Ashish Ahuja |
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Designation : |
Partner (Chief Executive Officer) |
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Mobile No.: |
91-9811255829 |
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Date : |
12.09.2008 |
LOCATIONS
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Registered Office : |
D- 985, New Friends Colony, New Delhi – 11025, India |
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Tel. No.: |
91-11-26933288/ 46515340 |
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Mobile No.: |
91-9811255829 |
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E-Mail : |
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Website : |
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Area : |
200 sq ft |
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Location : |
Rented |
PARTNERS
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Name : |
Mr. Ashish Ahuja |
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Designation : |
Partner (Chief Executive Officer) |
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Address : |
D- 298, Swarn Nagari (Tau), sector- 31, Greater Noida, UP |
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Date of Birth/Age : |
31 Years |
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Qualification : |
FCA |
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Experience : |
10 Years |
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Name : |
Mr. Varsha Ahuja |
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Designation : |
Partner |
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Address : |
D- 298, Swarn Nagari (Tau), sector- 31, Greater Noida, UP |
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Date of Birth/Age : |
31 Years |
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Qualification : |
Chartered Accountant |
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Experience : |
7 Years |
BUSINESS DETAILS
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Line of Business : |
Chartered Accountancy Firm |
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Products : |
· Audit and
Assurance · Income Tax · Commercial Tax · Financial
Outsourcing · Management
Consultancy · Business
Processes and Internal Control · Information
System Audit · Account Division
· Audit Division · Income Tax
Division · Corporate Law
Division · Sale Tax and Vat
Division · Service Tax
Division |
GENERAL
INFORMATION
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Suppliers : |
Own Setup |
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Customers : |
Software and Information Technology Engineering Traveling and Hospitality Education Financial Service and Banking Non Government Organization (NGO) etc. Rajesh Kumar Partner: R3 Golf Shop, 698F, Lado Sarai, Opp Qutab Golf Course, New Delhi |
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No. of Employees : |
15 |
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Bankers : |
HDFC Bank Limited, Deer Park, New Delhi |
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Facilities : |
No |
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Banking
Relations : |
Normal |
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Auditors : |
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Name : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.0.300 Million |
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Borrowed : |
-- |
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Total : |
Rs.0.300 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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0.900 |
0.700 |
Expected Sales (2008-09) : Rs.15.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance
Chart
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Existence Verification |
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Name |
AHUJA AND AHUJA |
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Address |
D- 985, New Friends Colony, New Delhi – 11025, India |
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Phone/ Mobile Numbers |
91-11-26933288/ 46515340 |
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Statutory Approvals |
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Legal Status of Firm |
Partnership Concern |
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Income Tax Registration |
AALFA8142L |
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Name of Bank |
HDFC Bank limited, Deer Park, New Delhi |
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Credibility Factors |
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Years of Establishment |
2003 |
WEB DETAILS ATTACHED
BUSINESS
Subject is a chartered accountancy firm offering superior
range of financial services. The range of services offered by them include audit
and assurance, income tax, commercial taxes, management consultancy, business
processes and many more.
Established in the year 1999, they are functioning under the able guidance of Mr.
Ahuja and Mrs.Varsha Ahuja, who have with them extensive knowledge and
experience in the field of chartered accountancy. Their expert handling of the
affairs and their centralized location at Delhi also helps them to deliver
effective services promptly.
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.46.32 |
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UK Pound |
1 |
Rs.83.57 |
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Euro |
1 |
Rs.65.90 |
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, we have no basis upon which to
recommend credit dealings |
No Rating |
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