MIRA
INFORM REPORT
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Report Date : |
20.01.2011 |
IDENTIFICATION DETAILS
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Name : |
AMAN CLEANING EQUIPMENTS PRIVATE LIMITED |
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Registered
Office : |
18/52, Kalyanpuri, Delhi-110091, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
07.04.2004 |
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Com. Reg. No.: |
11-125682 |
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CIN No.: [Company Identification
No.] |
U29199DL2004PTC125682 |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Manufacturer, Trader and Importer floor cleaning machines. |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities are
limited. Trade relations are reported as fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for small business dealings at usual
trade term 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 |
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Designation : |
Accounts Department |
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Date : |
18.01.2011 |
LOCATIONS
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Registered Office : |
18/52, Kalyanpuri, Delhi-110091, |
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E-Mail : |
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Website : |
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Head Office : |
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Location : |
Rented |
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Factory : |
C-44, Sector – 10, District Gautam Budh
Nagar, Noida, Uttar Pradesh - 201 301, |
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Tel. No.: |
91-120-2442246 / 4265081 |
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Mobile No : |
91-9810805828/ 9312318189 (Mr. A. W. Khan) |
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Fax No.: |
91-120-4265082 |
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E-Mail : |
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Location : |
Rented |
DIRECTORS
As On : 30.09.2010
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Name : |
Mr. Arifullah Khan |
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Designation : |
Director |
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Address : |
3/772, Janak Nagar, |
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Date of Birth/Age : |
07.05.1940 |
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Date of Appointment : |
15.06.2006 |
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DIN No : |
00362326 |
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Name : |
Mr. Anjum Wahid Khan |
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Designation : |
Director |
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Address : |
C-44, Sector.10, Noida-201301, |
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Date of Birth/Age : |
28.07.1969 |
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Date of Appointment : |
07.04.2004 |
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DIN No : |
01033697 |
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Name : |
Mrs. Nargis Khan |
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Designation : |
Director |
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Address : |
G-84, Sector 56, Noida-201301, |
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Date of Birth/Age : |
05.04.1970 |
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Date of Appointment : |
07.04.2004 |
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DIN No : |
01582329 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
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Names of Shareholders |
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No. of Shares |
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Mr. Anjum Wahid Khan |
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5000 |
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Mrs. Nargis Khan |
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5000 |
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Total |
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10000 |
AS ON : 30.09.2010
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Directors or relatives of directors |
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100.00 |
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Total
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Trader and Importer floor cleaning machines. |
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Products : |
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Imports : |
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Products : |
Floor Cleaning Machines |
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Countries : |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
L/C, Cash, Credit |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
17 (In Office-7 and In Factory-10) (Approximately) |
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Bankers : |
Central Bank of |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Arora Rajesh and Company Chartered Accountant |
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Address : |
F-42, Sector 20, Noida-201301, |
CAPITAL STRUCTURE
As On : 31.03.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100
million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.351 |
0.242 |
0.176 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
0.451 |
0.342 |
0.276 |
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LOAN FUNDS |
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1] Secured Loans |
0.552 |
1.061 |
1.058 |
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2] Unsecured Loans |
2.315 |
0.328 |
0.617 |
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TOTAL BORROWING |
2.867 |
1.389 |
1.675 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
3.318 |
1.731 |
1.951 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.358 |
0.225 |
0.140 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Loans & Advances |
0.437
|
0.280 |
0.507 |
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Inventories |
0.989
|
0.770 |
0.765 |
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Sundry Debtors |
3.472
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2.096 |
2.397 |
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Cash & Bank Balances |
2.282
|
1.689 |
2.753 |
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Total
Current Assets |
7.180
|
4.835 |
6.422 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
2.477
|
0.764 |
3.991 |
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Other Current Liabilities |
3.676
|
2.528 |
0.576 |
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Provisions |
0.067
|
0.037 |
0.047 |
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Total
Current Liabilities |
6.220
|
3.329 |
4.614 |
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Net Current Assets |
0.960
|
1.506 |
1.808 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.002 |
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TOTAL |
3.318 |
1.731 |
1.951 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
20.470 |
12.989 |
14.821 |
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Other Income |
0.082 |
0.051 |
0.045 |
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TOTAL (A) |
20.552 |
13.040 |
14.866 |
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Less |
EXPENSES |
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Cost of Materials |
12.915 |
10.036 |
11.689 |
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Manufacturing Expenses |
3.741 |
0.999 |
0.560 |
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Employees Remuneration |
3.497 |
1.633 |
1.566 |
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Preliminary Expenses |
0.000 |
0.002 |
0.002 |
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Administrative Expenses |
0.000 |
0.000 |
0.387 |
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Selling and Distribution Expenses |
0.000 |
0.000 |
0.278 |
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TOTAL (B) |
20.153 |
12.670 |
14.482 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.399 |
0.370 |
0.384 |
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Less |
FINANCIAL
EXPENSES (D) |
0.131 |
0.208 |
0.214 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.268 |
0.162 |
0.170 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.092 |
0.059 |
0.053 |
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PROFIT BEFORE
TAX (E-F) (G) |
0.176 |
0.103 |
0.117 |
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Less |
TAX (H) |
0.067 |
0.037 |
0.047 |
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PROFIT AFTER TAX
(G-H) (I) |
0.109 |
0.066 |
0.070 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.242 |
0.176 |
0.106 |
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BALANCE CARRIED
TO THE B/S |
0.351 |
0.242 |
0.176 |
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Earnings Per
Share (Rs.) |
10.97 |
6.60 |
7.00 |
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KEY RATIOS
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PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
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PAT / Total Income |
(%) |
0.53
|
0.51 |
0.47 |
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Net Profit Margin (PBT/Sales) |
(%) |
0.86
|
0.79 |
0.79 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.85
|
2.04 |
1.78 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.39
|
0.30 |
0.42 |
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Debt Equity Ratio (Total Liability/Networth) |
|
20.15
|
13.79 |
22.79 |
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Current Ratio (Current Asset/Current Liability) |
|
1.15
|
1.45 |
1.39 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Sundry Creditors |
2.477 |
0.765 |
3.991 |
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Total |
2.477 |
0.765 |
3.991 |
TRADE REFERANCE :
- Inventa
Cleantech Private Limited
FIXED ASSETS
- Land
- Building
- Plant and
Machinery
- Air
Conditioner
- Mobile Phone
- Motor Cycle
- Office
Equipment
- Computer
- Furniture and
Fixtures
WEB SIDE DETAILS
COMPANY PROFILE
Manufacture and importer of floor cleaning machines. They Manufacture floor
scrubber machine model Speed –S-425/525 in our Noida plant and rest all other
type of floor cleaning machine they have a tie-up with three Italian Companies
first is called Lavorwash Italy for Its FASA Brand Products. Second is Ghibli
Their Products goes in each and every sector like Industries, Auto workshop,
Multiplex, hotels, hospital , School, colleges, Railway station and platforms ,
Housekeeping agencies, Corporate and normal offices or any good property the
can think.
So their Full range of product is as mentioned below:
1.Single Disk / Three Brush floor Cleaning/polishing machines.
2. Industrial wet/ dry Vacuum Cleaner (1-2-3 motors)
3. Automatic Scrubber Drier machine (Mini and Standard) electrical and battery
operated and Ride on type.
4. Road/ floor Sweeping machine (Walk behind and Ride on type)
5. High pressure water jet Cleaner.
6. Carpet Driers.
7. Upholstery Cleaner, Back Pack Vacuum Cleaner
8. Foam Generator
9. Glass Cleaning tools.
10. Manual Cleaning Equipments and tools.
They have them sales and services network in following places
1. Noida (
3.
5. Rudrapur ( Uttranchal )
6. Bharuch ( Gujrat )
7. Hydrabad
8.
9. Haridwar
10.
11.
Chennai 12.
12.
They have registered with ISO 9001 : 2008
They have recently started them one more Company called “ M/s SPPED
KLEEN SYSTEMS “ As they have both manufacturing plant and imports from Italy so
all the manufactured machines will be sold from our Company ie “ M/s SPPED
KLEEN SYSTEMS “ and all imported machine will be sold from our company ie “ M/s
AMAN CLEANING EQUIPMENTS PRIVATE LIMITED“
ABOUT US
Established in the year 2000, under the guidance of A. W. Khan,
they have been able to carve a niche for their cleaning equipment in a short
span of time. They manufacture a wide range of floor cleaning and floor
scrubbing equipment, ride on scrubber dryers, ride on floor sweepers, floor
scrubbing machines, injection extraction, floor scrubbers, floor sweeping
machines, wet dry vacuum systems, wet dry vacuum cleaners etc., that is widely
used by numerous institutions, corporate companies and households. In order to
ensure complete client satisfaction,
They also provide highly efficient pre-sales and after sales services to
their customers.
They follow a comprehensive quality management program that enables them to
manufacture high quality floor cleaning & scrubbing equipments. Their team
of quality experts checks the products at various levels of production to
ensure that they adhere to the set quality parameters. Further, they import and
distribute the products of a renowned Italian company including ride on/walk
behind auto scrubber drier, single disk, wet/dry vacuum cleaner, ride on/walk
behind manual sweeper, high pressure, 110 v/230v back pack vacuum cleaner &
carpet scrubber drier. These products offer superior grade floor cleaning &
scrubbing solutions, thereby ensuring complete client satisfaction. Their
mother concern has established 5 factories worldwide that serves the
international market through their channel partners. This has ensures that
their products are renowned not only domestically, but internationally as well.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.53 |
|
|
1 |
Rs.72.56 |
|
Euro |
1 |
Rs.60.62 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
|
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
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--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 |
|
27 |
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 |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.