BUSINESS INFORMATION REPORT
1. Summary Information
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Country |
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Company Name |
CLEAR PATTH
SOLUTIONS |
Principal Name 1 |
MR. SHASHANK AGARWAL |
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Status |
SATISFACTORY |
Principal Name 2 |
MR. ARVIND KAPOOR |
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Registration # |
-- |
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Street Address |
1, VISHAL MARKET, DR. MUKHERJEE NAGAR WEST, |
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Established Date |
2010 |
SIC Code |
-- |
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Telephone# |
91-11-47042744-5-6 |
Business Style 1 |
IMPORTER |
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Fax # |
91-11-47042744 |
Business Style 2 |
TRADER |
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Homepage |
Product Name 1 |
ELECTRONIC SECURITY SYSTEMS |
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# of employees |
15 (APPROXIMATELY) |
Product Name 2 |
-- |
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Capital Investment |
RS.5,000,000/-(ESTIMATED) |
Product Name 3 |
-- |
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Shareholders |
-- |
Banking |
KARNATAKA BANK LIMITED |
|
Public Limited Corp. |
NO |
Business Period |
1 YEAR |
|
IPO |
NO |
International Ins. |
-- |
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Public |
NO |
Rating |
Ba (43) |
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Related
Company |
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Relation
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Country
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Company
Name |
CEO |
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SISTER CONCERN COMPANY |
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TARGET VISION SECURITY SYSTEMS PRIVATE
LIMITED |
-- |
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Note |
-- |
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2. Summary
Financial Statement
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Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
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Assets |
Liabilities |
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Current Assets |
-- |
Current Liabilities |
-- |
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Inventories |
-- |
Long-term Liabilities |
-- |
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Fixed Assets |
-- |
Other Liabilities |
-- |
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Deferred Assets |
-- |
Total Liabilities |
-- |
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Invest& other Assets |
-- |
Retained Earnings |
-- |
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Net Worth |
-- |
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Total Assets |
-- |
Total Liab. & Equity |
-- |
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Total Assets (Previous Year) |
-- |
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P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
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|
Sales (Approximately) |
40,000,000 |
Net Profit |
-- |
|
Sales (Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
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Report Date : |
14.07.2011 |
IDENTIFICATION DETAILS
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Name : |
CLEAR PATTH SOLUTIONS |
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Registered
Office : |
1, Vishal Market, Dr. Mukherjee Nagar West, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Year of Establishment
: |
2010 |
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Capital
Investment / Paid-up Capital : |
Rs.5.000 millions (Estimated) |
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TIN No.: |
07970380324 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners |
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Line of Business
: |
Importer, Trader and Service Provider in Electronic Security Systems. |
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No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (43) |
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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 20000 |
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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 just one year old partnership concern having satisfactory
track. The concern has achieved sizable turnover in its very first year of
operation. Trade relations are reported as fair. Business is active. Payments
are reported to be usually correct. 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
|
Name : |
Mr. Shashank Agarwal |
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Designation : |
Partner |
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Contact No.: |
91-9212463864 |
|
Date : |
13.07.2011 |
LOCATIONS
|
Registered Office : |
1, Vishal Market, Dr. Mukherjee Nagar West, |
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Tel. No.: |
91-11-47042744-5-6 |
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Mobile No.: |
91-9212463864 (Mr. Shashank Agarwal) |
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Fax No.: |
91-11-47042744 |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Branch Office : |
B-4, Numberdar Market, N-Block, South City-1, Gurgaon – 122 001, |
PARTNERS
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Name : |
Mr. Shashank Agarwal |
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Designation : |
Partner |
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Address : |
H.No.5873, Jawahar Nagar, Kamla Nagar, |
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Name : |
Mr. Arvind Kapoor |
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Designation : |
Partner |
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Address : |
43/19, Ramesh Nagar, |
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Name : |
Mr. Shammi Malhotra |
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Designation : |
Partner |
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Address : |
25B, Block-CB, Shalimar Bagh, |
BUSINESS DETAILS
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Line of Business : |
Importer, Trader and Service Provider in Electronic Security Systems. |
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Agencies Held : |
v
LG |
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Imports : |
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Products : |
v
Electronic Security Systems |
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Countries : |
v
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Terms : |
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Selling : |
Cash and Credit (30 days) |
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Purchasing : |
L/C, Cash and Credit (30 days) |
GENERAL INFORMATION
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Suppliers : |
v
LG |
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Customers : |
End Users and Others |
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No. of Employees : |
15 (Approximately) |
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Bankers : |
Karnataka Bank Limited, |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
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Sister Concern Company : |
Target Vision
Security Systems Private Limited Address: 1, Vishal Market, Dr. Mukherjee Nagar West, Line of Business: Importer, Trader and Service Provider in Electronic Security Systems. TIN No.: 07830245571 Banker: Karnataka Bank Limited |
CAPITAL STRUCTURE
As on 31.03.2011
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Capital Investment : |
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Owned : |
Rs.5.000 millions (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs.5.000 millions (Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2011 (Approximately) |
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Sales Turnover |
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40.000 |
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The above information has been parted by Mr. Shashank Agarwal (Partner).
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
LOCAL AGENCY FURTHER INFORMATION
PROFILE:
Subject management comprises of highly
experienced professionals from the field of electronic security with each of
them having an experience of more than 15 years in the same industry.
The company is led by Mr. Shashank Agarwal,
under who’s guidance his team has been able to achieve major successes in terms
of ‘industry firsts’ and complex system integrations.
With projects like REID based visitor tracking
for a large government defence show with approx 500 thousand footfalls to
designing a matrix information display system integrated with CCTV are just a
few feathers to talk about.
With pan
Mr. Shashank Agarwal has been an active
participant in the innumerable international seminars, trade shows, workshops
related to Electronic security. He has been a part of faculty a lot of times in
the seminars conducted by various organisations for educating different
industry verticals. With his dedication and sincerity towards his work and
electronic industry he has always been among the pioneers to launch newer
technologies in
With a strong R and D team with him he has
been successful in designing, conceptualising and manufacturing products like
UNDER VEHICLE SCANNERS, SPIKE TYPE TYRE KILLERS, FLAP BARRIERS, LPR solutions
and a lot more to talk about. These solutions are successfully working across
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.44.59 |
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|
1 |
Rs.71.07 |
|
Euro |
1 |
Rs.62.40 |
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 |
5 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
43 |
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 |
|
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.