MIRA
INFORM REPORT
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Report Date : |
27.04.2011 |
IDENTIFICATION DETAILS
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Name : |
FUTURELIFE |
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Registered
Office : |
A-2, 56, Sultanpur, Near Avlon Hotel, New Delhi – 110030 |
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Country : |
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Financials (as
on) : |
31.03.2011 to till date |
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Year of
Establishment : |
2011 |
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PAN No.: [Permanent Account No.] |
AKIPB7187P |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Manufacturer, Exporter,
Supplier and Importer Bio Magnetic products and Scalar Energy Products. |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Maximum Credit Limit : |
USD 3000 |
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Status : |
New Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new proprietory concern and yet to complete its one full
year of operations. Business is active. Payments are unknown. The concern can be considered for business dealings on a safe and
secured trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Rakesh Kumar |
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Designation : |
Proprietor |
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Contact No.: |
91-9013557996 |
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Date : |
23.04.2011 |
LOCATIONS
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Registered Office : |
A-2, 56, Sultanpur, Near Avlon Hotel, New Delhi – 110030, India |
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Tel. No.: |
91-11-65898345 |
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Mobile No.: |
91-9413389819, 9013557996, 9873858365 [Mr. Rakesh Kumar] |
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E-Mail : |
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Area : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Rakesh Kumar |
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Designation : |
Proprietor |
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Address : |
Delhi |
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Date of Birth/Age : |
25 Years |
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Qualification : |
Graduate |
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Experience : |
4 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter, Supplier
and Importer Bio Magnetic products and
Scalar Energy Products. |
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Products : |
Manufacture and Export: ·
Bio Magnetic Bracelet ·
Titanium Bracelet ·
Scalar Energy Pendant ·
Nano Health Card ·
MST Energy Pendant ·
Mobile Sticker ·
Scalar Energy Flask ·
Nano Wand ·
Anti Radiation Bio Energy Card ·
Nano Fabric ·
Alkaline Hydrogen Water Stick ·
MFST Wand ·
Zero Point Energy Wand ·
Bio Energy Bracelet ·
Quantum Science Energy Pendant ·
AM Pendant ·
Bio Magnetic Bracelets ·
AM Wand ·
Titanium Magnetic Bracelet ·
MST Pendant ·
Bio Magnetic Steel Bracelet ·
Energy Flask ·
Tungsten Magnetic Bracelet ·
Alkaline Water Stick ·
Fusion Pendant Import: ·
Scalar Energy Pendant ·
Nano Wand ·
MST Energy Pendant ·
Nano Fabric ·
Scalar Energy Flask ·
Alkaline Water Stick ·
Anti Radiation Bio Energy Card ·
Bio Magnetic Steel Bracelet ·
Alkaline Hydrogen Water Stick ·
Tungsten Magnetic Bracelet ·
Bio Magnetic Bracelets ·
Fusion Pendant ·
Mobile Sticker |
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Exports : |
Subject wants to start exports |
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Imports : |
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Countries : |
China and Korea [Subject wants to start imports] |
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Terms : |
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Selling : |
Cash and Credit [30 Days] |
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Purchasing : |
Cash and Credit [30 Days] |
GENERAL INFORMATION
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Customers : |
Retailers |
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No. of Employees : |
5 |
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Bankers : |
HDFC Bank, Delhi |
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Banking
Relations : |
-- |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.700 Million [Estimated] |
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Borrowed : |
-- |
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Total : |
Rs. 0.700 Million [Estimated] |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2011 to
Till Date |
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Sales Turnover |
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4.500 |
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Expected Sales (2011-12) Rs. 20.000 Millions
LOCAL AGENCY FURTHER INFORMATION
Nil
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.44.59 |
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1 |
Rs.73.43 |
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Euro |
1 |
Rs.64.81 |
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 |
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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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.