MIRA
INFORM REPORT
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Report Date : |
14.01.2011 |
IDENTIFICATION DETAILS
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Name : |
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Registered
Office : |
186/2, Ganpati Granites, Opposite Hotel Gokulanand, Western Express Highway,
Dahisar (East), Mumbai-400068, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Year of
Establishment : |
2008 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Dealer of Waste Dustbin Container |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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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 10000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new 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 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
|
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. Krishna Raj Suvarna |
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Designation : |
Manager |
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Contact No.: |
91-9820393051 |
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Date : |
15.07.2010 |
LOCATIONS
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Registered Office/Branch : |
186/2, Ganpati Granites, Opposite Hotel Gokulanand, |
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Tel. No.: |
91-22-28930014 |
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Mobile No.: |
91-9820393051/9833357796/9769693051 (Mr. Krishna Raj Suvarna) |
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Fax No.: |
91-22-28942928 |
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E-Mail : |
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Website : |
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Area : |
3000 sq. ft. |
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Location |
Rented |
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Warehouse : |
Gala No.T/12/13, Ranjan Warehouse, Jai Matabi Compound, Bhiwandi, |
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Area : |
5000 sq. ft. |
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Location |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Jitendra Suvarna |
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Designation : |
Proprietor |
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Date of Birth/Age : |
57 Years |
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Qualification : |
Engineer |
KEY EXECUTIVES
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Name : |
Mr. Krishna Raj Suvarna |
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Designation : |
Manager |
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Contact No.: |
91-9820393051 |
BUSINESS DETAILS
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Line of Business
: |
Dealer of Waste Dustbin Container |
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Products : |
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Exports : |
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Products : |
Dustbin |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
6 (Approximately) |
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Bankers : |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
T.S. Putran and Company Chartered Accountant |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.2.500 Millions (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs.2.500 Millions (Estimated) |
FINANCIAL DATA
[all figures are in
Rupees Millions]
|
Particulars |
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31.03.2010 |
31.03.2009 |
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Sales Turnover (Approximately) |
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50.000 |
6.000 |
Expected Sales (2010-11): Rs. 80.000 Millions
LOCAL AGENCY FURTHER INFORMATION
Trade References:
- ITC Hotels
- McDonalds
- Jaslok Hospitals
AS PER WEBSITE:
PROFILE:
Subject (Middle East and
Subject was established in the year 1998 as a small company with a limited
range of products, but with a strong passion for consistent quality and
superior customer service at all levels. From their very first customer the
Subject has actively pursued projects and initiatives with both private and
government departments in India and a host of Middle Eastern countries - United
Arab Emirates, Kuwait, Bahrain, Oman, Qatar, Iraq, as well as African Countries
- Sudan , Kenya , Uganda and Rwanda. Their Mumbai office handles a nation wide
dealer’s network extending across 25 major cities: including
Their phenomenal growth since 1998 is a testimonial to their dedication to
providing quality products to their customers.
NEW DESK:
BUSINESS GUIDE
TO UAE (GUIDE TO INVESTMENT, TRADE AND INDUSTRY) 2008 EDITION -
SETTING GLOBAL
STANDARDS FOR PROFESSIONAL WASTE MANAGEMENT
By Staff Reporter
Sulo Umwelttechnik GmbH and Company KG Germany with Bluestream Environmental Technology L.L.C Dubai
Blue Stream Environmental Technology(LLC) is a one-stop shop
providing exceptional solutions for all modern day waste management issues, may
it be for homes, apartments, condominiums, schools, hotels, restaurants,
shopping malls, food processing units for milk dairies. The company has a
product to suit all needs and has grown to become a leading supplier of all
kinds of waste management products in the
The company caters to private and government departments not
only in the
Blue Stream Environmental Technology (LLC) was established
in 1998 as a small company with a very limited range of products but quality
and customer service was always top priority. From its very first customer, the
In the year 2000, Blue Stream Environmental Technology (LLC)
was appointed by world renowned Sulo Umwelttechnik GmbH (
Sulo has brought to Blue Stream the rich and deep rooted
tradition of world quality management systems. Sulo was founded in 1982 by
master locksmith, Mr. Struiber, the inventor of the mobile waste collection
system currently followed by all the countries in Europe and
Sulo waste containers are manufactured as per DIN
specification and certified by German Quality control authorities RAL and AWB. Several million waste containers are
manufactured in Sulo’s state-of-the-art manufacturing facilities in
Sulo’s specialization extends beyond regular waste management systems; the world’s most advanced clinical waste management system and an inexpensive yet effective system of segregated waste recycling to name a few.
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 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.45.13 |
|
|
1 |
Rs.71.05 |
|
Euro |
1 |
Rs.59.10 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
|
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 |
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 |
|
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
|
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 |
|
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 |
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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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.