MIRA
INFORM REPORT
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Report Date : |
30.07.2011 |
IDENTIFICATION DETAILS
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Name : |
DR OPTICAL DISC INDIA PRIVATE LIMITED |
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Registered
Office : |
EA-161, Maya Enclave, Hari Nagar, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
22.04.2008 |
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Com. Reg. No.: |
176986 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.100
million |
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CIN No.: [Company Identification
No.] |
U32304DL2008PTC176986 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Printing Machines and Materials. |
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No. of Employees
: |
8 Approximately |
RATING & COMMENTS
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MIRA’s Rating : |
B (26) |
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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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Maximum Credit Limit : |
USD 1560 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small company having moderate track. Trade relations
are reported as fair. Business is active. Payments are reported to slow. The company can be considered for small to mediocre business dealings
with some cautions. |
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. Shailendra |
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Designation : |
Accounts Departments |
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Contact: |
91-11-41833602 |
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Date : |
25.07.2011 |
LOCATIONS
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Registered Office : |
EA-161, Maya Enclave, Hari Nagar, |
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Tel. No.: |
91-11-41833602 |
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Fax No.: |
91-11-41833603 |
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Email: |
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Area: |
700 sq.ft |
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Location : |
Owned |
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Warehouse : |
WH-1, First Floor, Mayapuri Industrial Area, Phase – 1, |
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Tel. No.: |
91-11-41833602 |
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Fax No.: |
91-11-41833603 |
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Area : |
1500 Sq. ft. |
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Location : |
Owned |
DIRECTORS
AS ON 14.09.2010
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Name : |
Mr. Devesh Kumar Singh Rathore |
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Designation : |
Director |
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Address : |
EA-161, Maya Enclave, Hari Nagar, G-8 Area, |
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Date of Birth/Age : |
07.07.1968 |
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Qualification : |
M.B.A. |
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Name : |
Mrs. Rani Rathore |
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Designation : |
Director |
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Address : |
EA-161, Maya Enclave, Hari Nagar, G-8 Area, |
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Date of Birth/Age : |
30.06.1971 |
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Qualification : |
B.Com |
KEY EXECUTIVES
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Name : |
Mr. Shailendra |
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Designation : |
Accounts Departments |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 23.09.2009
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Names of Shareholders |
No. of Shares |
|
Rani Rathore |
5100 |
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Devesh Kumar Singh Rathore |
4900 |
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Total |
10000 |
AS ON 14.09.2010
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Equity Share Breakup |
Percentage of Holding |
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Category |
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Directors
or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader of Printing Machines and Materials. |
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Products : |
·
Specialized Printers: Printers for
Membrane keypad / PCBs / FPC / LGP / Touch Panel, Automatic Golf Ball
Printer, Automatic Pen sleeve Printer. ·
Silicon Wafer Solar Cell Printers: In line and
Offline printers for Silicon Wafer Solar Cell printing ·
Screen Printers: Semi automatic
Flatbed printers, Printer for cylindrical objects, High Substrate printers,
Motorised printers, Digital Electric Printer, Four Post Printer ·
Pad Printers: 1 to 6 color pad printers, 16/20 Conveyor
Option ·
Peripheral Equipments: Screen
Stretchers, UV Exposure Equipments, UV Curing Equipments, Ovens, Drying
Racks, etc. ·
Screen Printing Consumables: Mesh from Sati,
Sefar, NBC and Nittoku, Emulsion, Degreaser, Ghost Remover, Adhesives / Glue,
Decoating Powder / Gel, Squeeges ·
CD / DVD Printing Consumables: Screen printing
Inks, Offset printing Inks, Toray Offset Plates, NA-1, NP-1, L-15 Plate
Cleaner, All type of Blankets, Suction Cups, UV Lamps, Lube Grease, Graphite
Paste, Spares for Hanky CD/DVD Printers. etc. |
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Imports : |
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Products : |
Printing Machines and Materials. |
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Countries : |
v
v
China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
·
Wholesalers |
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No. of Employees : |
8 Approximately |
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Bankers : |
HDFC Bank, Mayapuri, |
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Facilities : |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Yash Mahajan and Company Chartered Accountants |
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Address : |
1207, |
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Associates/Subsidiaries
: |
Nil |
CAPITAL STRUCTURE
AS ON 14.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity shares |
Rs.10/- Each |
Rs.1.000 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each
|
Rs.0.100
million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
0.100 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.290 |
0.048 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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0.390 |
0.148 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
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0.233 |
0.229 |
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TOTAL BORROWING |
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0.233 |
0.229 |
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DEFERRED TAX LIABILITIES |
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0.002 |
0.002 |
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TOTAL |
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0.625 |
0.379 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.043 |
0.038 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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2.442 |
1.548 |
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Sundry Debtors |
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3.711 |
1.653 |
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Cash & Bank Balances |
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0.665 |
0.414 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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0.376 |
0.066 |
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Total
Current Assets |
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7.194 |
3.681 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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0.000 |
3.346 |
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Other Current Liabilities |
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6.520 |
0.000 |
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Provisions |
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0.117 |
0.025 |
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Total
Current Liabilities |
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6.637 |
3.371 |
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Net Current Assets |
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0.557 |
0.310 |
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MISCELLANEOUS EXPENSES |
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0.025 |
0.031 |
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TOTAL |
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0.625 |
0.379 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2009 |
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SALES |
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Income |
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1.905 |
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Other Income |
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0.025 |
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TOTAL (A) |
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1.930 |
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Less |
EXPENSES |
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Purchase |
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3.034 |
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Administration and Other Expense |
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0.322 |
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Other Expense |
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0.038 |
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Finance Charges |
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0.222 |
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Increase/ (Decrease) in Stock |
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1.548 |
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TOTAL (B) |
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5.164 |
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PROFIT |
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0.075 |
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KEY RATIOS
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PARTICULARS |
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31.03.2010 |
31.03.2009 |
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Debt Equity Ratio (Total Liability/Networth) |
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17.62 |
24.32 |
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Current Ratio (Current Asset/Current Liability) |
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1.08 |
1.09 |
LOCAL AGENCY FURTHER INFORMATION
FIXED ASSETS:
v
Furniture and Fixtures
v
Data Processing Equipments
TRADE REFERENCE :
·
Jupiter International
·
Soni Disc
·
Solar Compact Disc
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.44.15 |
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|
1 |
Rs.72.10 |
|
Euro |
1 |
Rs.63.10 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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--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 |
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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 |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
26 |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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.