MIRA
INFORM REPORT
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Report Date : |
23.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
ASPAC INDIA |
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Registered Office : |
BC – 111, Sector – 1, Salt Lake City, Kolkata – 700064, West Bengal. |
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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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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Manufacturer and Exporter of Holograms. |
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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Maximum Credit Limit : |
USD1000 |
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Status : |
Small Concern |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small concern. It is not much
known in its field. Trade relations are fair. Payments are usually correct
and as per commitments. Scale of operation is small. The concern can be considered for small business
dealings at usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Subhanu Chakrabroty |
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Designation : |
Partner |
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Contact No.: |
91-9331792129 |
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Date : |
19.09.2008 |
LOCATIONS
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Registered Office : |
BC – 111, Sector – 1, Salt Lake City, Kolkata – 700064, West Bengal. |
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Tel. No.: |
91-33-40055901 |
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Mobile No.: |
91-9831392129 |
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E-Mail : |
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Website : |
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Area : |
300 sq ft |
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Location : |
Rented |
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Factory : |
Badu Road, Madhyamgram, Kolkata – 700129, West Bengal, India. |
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Area : |
1400 |
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Location : |
Rented |
PARTNERS
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Name : |
Mr. Anand Agrawal |
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Designation : |
Partner |
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Address : |
AC – 100, Salt Lake, Kolkata – 700064,West Bengal, India. |
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Date of Birth/Age : |
34 Years |
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Qualification : |
Graduate |
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Name : |
Mr. Subhanu Chakraborty |
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Designation : |
Partner |
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Address : |
131/A, Purba Sinthi Lane, Kolkata – 700030, West Bengal, India. |
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Date of Birth/Age : |
38 Years |
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Qualification : |
M.B.A. |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Hologram |
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Products : |
v Tamper Evident
Security Hologram Stickers. v 2D / 3D
Hologram. v Dot Matrix
Hologram. v E Beam Hologram. v Hot Stamping
Hologram Labels. v Wide Web
Holographic Film For Laminates. v Holographic
Tapes. v Holographic
Aluminium Foils / Taggers. v Holographic 2 Layer
/ 3 Layer Laminates. |
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Exports : |
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Products : |
Hologram Products |
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Countries : |
U.S.A. and Israel. |
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Terms : |
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Selling : |
Credit (30 days) |
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Purchasing : |
Credit (30 days) |
GENERAL
INFORMATION
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No. of Employees : |
5 (1 in office + 4 in factory) |
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Bankers : |
v Syndicate Bank,
Salt Lake Branch. v ICICI Bank, Salt
Lake Branch. |
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Facilities : |
The concern do not enjoy facilities from it’s bankers. |
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Banking
Relations : |
- |
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Auditors : |
Not Available |
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 |
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31.03.2008 |
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Sales Turnover |
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1.000 |
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Expected Sales (2008-09) : Rs.1.800 Millions.
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance
Chart
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Existence Verification |
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Name |
ASPAC INDIA |
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Address |
BC – 111, Sector – 1, Salt Lake City, Kolkata – 700064, West Bengal. |
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Statutory Approvals |
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Legal Status of Firm |
Partnership Firm |
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Income Tax Registration |
AACFA78619 |
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Central Sales Tax Registration |
19673452216 |
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State Sales Tax Registration |
19673452022 |
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Import Export Code |
0207004196 |
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Name of Bank |
v Syndicate Bank v ICICI Bank. |
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Current Account Number |
v 95981010004814
(Syndicate Bank) v 030505001678
(ICICI Bank) |
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Account Since |
v 2003 (Syndicate
Bank) v 2007 (ICICI
Bank) |
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Credibility Factors |
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IndiaMART Client Since |
2 Years |
Website Detail
Commencing their business in the year 2003, the concern has emerged
as a leading manufacturer of brand protection labels in the security holograms
industry. Their range of products includes tamper evident security hologram
sticker, 2D and 3D holograms, dot matrix holograms, E beam holograms, hot
stamping hologram labels, web holographic film for laminates, radiogram
holographic tapes, holographic shrink sleeves, scratch-o-gram, holographic
aluminium foils and taggers and 2 and 3 layer holographic laminates.
They offer a comprehensive range of holograms through their excellent
production facilities. Backed up with a profound manufacturing unit and
qualified professionals, they ensure high quality products meeting varied
clients' requirements. They offer the most suitable and highly effective
solutions for brand protection and authentication through their wide range of
holograms and other products. In addition to that, they also provide customized
products as per the client's requirements.
In order to make effective brand
protection labels, they have established a modern production facility provided
with the required machines and tools. Their infrastructure consists of many
divisions namely, R and D, quality control, production unit, etc. The
well-equipped production unit provides smooth and efficient production of bulk
products, timely.
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.45.40 |
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UK Pound |
1 |
Rs.83.15 |
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Euro |
1 |
Rs.65.74 |
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 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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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28 |
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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