MIRA INFORM REPORT

 

 

Report Date :

23.08.2011

 

IDENTIFICATION DETAILS

 

Name :

MODI DIGITAL

 

 

Registered Office :

Unit 502, Durga Chamber, Plot No.A-8, Veera Industrial Estate, Veera Desai Road, Adj. Lane of Yashraj Studios, Andheri (West), Mumbai – 400053, Maharasahtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2011

 

 

Year of Establishment :

2007

 

 

Capital Investment / Paid-up Capital :

Not Available

 

 

Legal Form :

Sole Proprietory Concern

 

 

Line of Business :

Trader of  audio processor

 

 

No. of Employees :

10 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (44)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established proprietory concern having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments

 

The concern can be considered normal for business dealings at usual trade 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 – June 30, 2010

 

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

INFORMATION PARTED BY

 

Name :

Mr. Aditya Modi

Designation :

Proprietor

Contact No.:

91-9967044276

Date :

20.08.2011

 

 

LOCATIONS

 

Registered Office :

Unit 502, Durga Chamber, Plot No.A-8, Veera Industrial Estate, Veera Desai Road, Adj. Lane of Yashraj Studios, Andheri (West), Mumbai – 400053, Maharasahtra

Tel. No.:

91-22-40033276 (Telefax) (This no. is also for fax)

Mobile No.:

91-9967044276 (Mr. Aditya Modi)

E-Mail :

adityamodi@gmail.com / adimodi@gmail.com / marketingmda@gmail.com

Website :

www.modidigital.com

Location :

Owned

 

 

Branches :

New No.18, Oliver Road, Mylapora, Chennai – 600004, Tamil Nadu, India

Tel. No.:

91-44-24994547 / 24660332

Fax No.:

91-44-24997294

E-Mail :

mdamumbai@gmail.com

 

 

SOLE PROPRIETOR

 

Name :

Mr. Aditya Modi

Designation :

Proprietor

Date of Birth/Age :

29

Qualification :

Engineer

 

 

BUSINESS DETAILS

 

Line of Business :

Trader of audio processor

 

 

Products :

 

 

Imports :

 

Countries :
  • Germany
  • USA
  • UK
  • Hong Kong

 

 

GENERAL INFORMATION

 

Customers :

End Users, Dealers and Distributor

 

 

No. of Employees :

10 (Approximately)

 

 

Bankers :
  • Corporation Bank, Andheri, Mumbai, Maharasahtra, India

 

  • Axis bank

 

 

Facilities :

--

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Mr. Pankaj Shah and Company

Chartered Accountant

Address :

Andheri, Mumbai, Maharasahtra, India

 

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Not Available

Borrowed :

--

Total :

Not Available

 

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

Particulars

 

31.03.2011

31.03.2010

31.03.2009

Sales Turnover (Approximately)

8.400

8.000

7.800

 

Expected Sales (2011-2012) : Rs.10.000 Millions

 

The above information has been parted by Mr. Aditya Modi.

 

Note : Sole Proprietory and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry Records.

 

 

 

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

WEBSITE DETAILS :

 

  • PERFORMANCE :

 

MODI DIGITAL is India s foremost video & film consultancy and equipment marketing Company.
Their current activities can be listed under 4 segments:
• Turnkey solutions for film and video studios
• Marketing of video equipment
• Technical consultancy service for studios
• Service and maintenance of equipment
• Supplying equipments to FM Studios

The technical expertise required to support studio products calls for a sound knowledge of computers,
audio and film. It is a rare and unique combination, which perfectly fits our organizations background.

This Company has designed and executed several projects in various parts of India, particularly in Mumbai (Bombay), Chennai (Madras) and in Hyderabad which are widely accepted as leading production centers for audiopost feature film in the count 4wthis process, the company has helped Genetec to become household name and the accepted standard in the fields of audio in India.

India, as a multilingual society, has no parallels in the world. Radio, film and, more recently, television, together form the backbone of a vibrant industry reaching every nook and corner of the country and providing wholesome entertainment, in many languages, to multitudes of her people.

The growth prospects in the field can be mind-boggling. The medium of television, particularly, has shown explosive growth in the past few years with all major global networks making their presence felt. As a natural corollary, the quality of programs got ready in India is undergoing a transformation, all for the better.

The recent decision of the Government of India to privatize FM transmission also augurs well for the broadcast Industry as a whole. As post production studios aim to achieve the highest standards, the demand for professional editing tools for audio, video and multi media appear to be indeed immense.

 

  • OVERVIEW :

 

RME’s  Fireface 800 is the worlds most powerful Fire Wire audio interface ever. Up to 56 channels record/playback, up to 192 kHz sample rate, and true FireWire 800 sum up to an unsurpassed high-end, high performance and high speed FireWire audio interface. Since the Fireface first shipped in July 2004, the unit became the reference for FireWire audio - and still is today! Lots of ‘world’s first and ‘world’s only features put the Fireface 800 far ahead of the competition. Read on to find out more!

 

The Fireface 800 combines the latest and also proven technologies of previous RME products with the fastest FireWire technology. Analog technology of the ADI-8 converters, microphone technology of QuadMic and OctaMic, TotalMix technology of the HammerfalL DSP series, years of experience in programming of efficient and reliable drivers, up to complete support from DiGiCheck - only the best of the best, and even a bit more. The Fireface 800 offers the best worked out instrument input that could ever be found in an audio Interface, a high power headphone output and signal-to-noise ratios of 119 dBA - typically RME!

 

  • FEATURES :

 

All inputs and outputs can be used at the same time*!. E. g., the instrument input can be used either instead of the line input on the back, or together with it. Even the TRS jack and the XLR socket of the microphone inputs can be used simultaneously. This way, up to 35 signal sources can be connected to the Fireface 800 and recorded onto 28 separate tracks!

Thanks to the DSP-based TotalMix mixer, known from the HammerfalL DSP series, aLl inputs and outputs can be freely mixed, distributed and routed. Up to 14 completely independent stereo submixes are possible. Each of the mixer’s output channels, that is every single submix channel, can be recorded directly, without the need of external cable loops. And there’s more: TotalMix can be MIDI remote controlled with any Mackie Control compatible controller.

 

Thanks to an internal f Lash memory, all settings including TotalMix are
recalled during boot. After making all desired settings, the device works
stand-alone even without computer as a submixer, AID and 0/A-converter,
headphone mixer, format converter, instrument or microphone
pre-amplifier, monitoring mixer and much more.

The Fireface 800 is equipped with SteadyClockw, RMEs unique sync and
clock technology. With this, the device becomes a sync reference for the
whole studio. SteadyClock refreshes clock signals, removes jitter, and
takes permanent care of optimal conversion quality, thus guarantees a
sensational sound quality, completely independent from the reference
clocks quality.

SteadyClock allows the Fireface 800 to control the sample rate freely on its
own. The Settings dialog includes a direct choice of the video and audio
worlds most often used sample rates. Additionally, two faders can be used
to set the sample rate freely and in real-time, within the range of +1- 4%
and +1- 0.4%.

Via an insert slot on the back, a Time Code Option (TCO) for synchronizing
to LTC and video can be added. Thanks to SteadyC lock, the Firef ace 800
does not only extract absolute positions, but also a very clean low-jitter
word clock.

Fireface 800 uses RMEs own FireWire technology, heavily optimized for
audio purposes. Lowest overhead, special hardware adaptations and a new
low Latency buffer concept enable a performance and compatibility which j
has been thought of as impossible until now - at latencies of only one
millisecond.

The Fireface 800 has a second port for hub functionality, bi-lingual mode
for full FireWire 400 compatibility, and an additional FireWire 400 port.
Several Fireface 800 can be used in parallel an

 

  • NEWS :

 

The man behind much of the research and development at active monitor manufacture Genelec discusses the domestic reference, low end, the pitfalls of digital filters and control, and everything being there for a good reason. - ZENON SCHOEPE

 

A SELF - DECLARED AUDIO hobbyist from the age of 14, An Varla studied for a masters degree at Tampere Technical University before joining Genelec in 1980. He has worked on every Genelec monitor apart from the first version of the 530 from 1978. Now Chief R&D engineer, acoustics, his research has contributed to the application of wave guides in combination with direct radiators. He points out that in the early 80s they simply called them short or semi homs instead of wave guides and adds that wave guides have since been adopted by several competitors but, in many cases still with ‘a lack of deeper understanding of their desirable operation’.

He has abs investigated the impedance behavior of loudspeakers (starting in the 1980s with Finish amp guru Matti Otala) and their interaction with the feeding amplifier - the 8040A and 8050A models use this type of related technology for distortion reduction. With Genelec’s latest model, the LSE-subs and the 8000- series 2-ways, the main research has gone into’ minimising systematically all kinds of nonlineanities and aberrations that we know will eventually limit the perceived sound quality’.

He holds two international patents and number guitar playing, vintage tube amp repair, amateur telescope making, fishing, vintage fishing gear, motorcycling, arid playing ice hockey among his interests.

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 records 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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.95

UK Pound

1

Rs.75.76

Euro

1

Rs.66.01

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

5

--MARGINS

-5~5

-

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

TOTAL

 

44

 

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

 

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

-

NB

                                       New Business

-

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.