MIRA
INFORM REPORT
|
Report Date : |
07.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
CREW BUSINESS SYSTEMS |
|
|
|
|
Registered
Office : |
214, Jhalawar E.S. Patanwala Compound, L.B.S. Marg, Ghatkpar (West),
Mumbai-400086, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Year of
Establishment : |
1994 |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners. |
|
|
|
|
Line of Business
: |
Dealer and Distributor of Fax Machine, Projectors, Computers,
Telephone Instruments etc. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 32000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established partnership 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) |
|
|
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 : |
Ms. Sarita |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-25007788 |
|
Date : |
05.03.2011 |
LOCATIONS
|
Registered Office : |
214, Jhalawar E.S. Patanwala Compound, L.B.S. Marg, Ghatkpar (West),
Mumbai-400086, |
|
Tel. No.: |
91-22-25007788/ 25008485/ 55951993 |
|
Fax No.: |
91-22-25008485 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
210 sq.ft. (Owned) |
PARTNERS
|
Name : |
Mr. Sameer Lakhani |
|
Designation : |
Partner |
|
Date of Birth/Age : |
40 Years |
|
Qualification : |
Graduate |
|
|
|
|
Name : |
Mrs. Dipti Lakhani |
|
Designation : |
Partner |
|
Date of Birth/Age : |
39 Years |
|
Qualification : |
Graduate |
KEY EXECUTIVES
|
Name : |
Ms. Sarita |
|
Designation : |
Accountant |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Distributor of Fax Machine, Projectors, Computers,
Telephone Instruments etc. |
|
|
|
|
Products : |
·
Fax Machine ·
Copier ·
Computer ·
Palsma ·
Shreders ·
Epabx ·
Consumables ·
A V Integration ·
Video Conferencing ·
Telephone Instruments ·
Annual MNaintenance Contract ·
Projectors |
|
|
|
|
Brand Names : |
·
Brother ·
Canon ·
Samsung ·
Sharp ·
Compaq ·
RICOH ·
NEC ·
Lexmark ·
EPSON ·
IBM |
|
|
|
|
Agencies Held : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers, End Users and OEM’s ·
The Ban of ·
Canara Bank ·
Credit Suisse ·
Dena Bank ·
State Bank of Inida ·
Mother Dairy ·
U S Vitamins ·
Lufthansa ·
Lufthansa German ·
Office of Customs ·
Johnsoin and Johnson Limited ·
Citigroup ·
American Consulate (USAEP) |
|
|
|
|
No. of Employees : |
Approximately 10 |
|
|
|
|
Bankers : |
Union Bank of |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Pankaj Pande and Associates Chartered Accountant |
|
|
|
|
Associates/Subsidiaries : |
Grew Business Services, Ghatkopar (West), Mumbai, |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 8.000 Millions (Approximately) |
|
Borrowed : |
-- |
|
Total : |
Rs. 8.000 Millions (Approximately) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
31.03.2010 |
31.03.2009 |
|
Sales Turnover (Approximately) |
|
50.000 |
30.000 |
Expected Sales (2010-2011) : Rs. 70.000 Millions
LOCAL AGENCY FURTHER INFORMATION
Trade References:
·
The Maharashtra
Co-Operative Bank Limited
·
Zicom
·
State Ban of
AS PER WEBSITE
Profile:
They have Immense Pleasure in introducing CREW BUSINESS SYSTEMS to you as
a privately held Company in Distribution of Office Automation Products ,
Rendering Solutions Services.
Established in 1994, the Company has Grown Manifold with Extensive Portfolio of
Products and Services in Information Technology and Office Automation. The
Clear Focus on continuous Product Updatation Coupled with Strong Customer
Orientation has Earned Crew Business Systems recognition in industry ,they
Present themselves as a Reliable Support Systems for Sourcing the various
Office Automation needs and Solutions in the Quest for striking Balance between
Automation, Modernisation and Efficient Results.
The People Behind
Success
The Driving force behind CBS Growth and Success are its Empowered
Employees, At CBS all Employees are Encouraged to take Spot Decisions and keep
Customers Satisfied in every possible way the Informal and Congenial
Atmostphere at CBS keeps all Communication Channels open and make all CBS
Employees its true Partners in Success.
The Core
Competence
The core competence of Crew Business Systems is the Techno Commercial
Prowess in the Area of Distribution, Rendering Solutions and Services ,Built
through the Team Work of Highly Talented Electronics Engineers on Frontend and
Backend.
Customer orientation and pursuit of excellence in services is taken up as the
main core value at Crew Business Systems.
Services Offered
By Crew Business Systems
They are Group Engaged in Equipments required for Total Modern Office
Setup and also Backed up by Services required for the Products, Enumerated
below are the Various Accessories
·
FacsimileMachines:
Laser
Machines , Plain Paper Fax Machines, Thermal Paper Fax Machines , Multifuction
Machines (Brother/Canon/Samsung
/Panasonic)
·
Hardware:
Laptops, PCs LCD Monitors., Printers
·
Copiers:
Digital and Analog Copiers (Canon/Ricoh)
·
Projectors:
LCD Projectors (Sharp /Nec/Panasonic)
·
Epabx :
104 To 500 lines intercom systems they
also undertake C- dot systems , KTS and all Kinds of Epabx Systems AMC.
·
Consumables:
Thermal Paper Rolls, Thermal Transfer
Rolls, Laser Cartridge, Inkjet Cartridges.
·
Services:
Annual Maintenance Contract, Repairs,
Rentals ,Training and Installation. They undertake System Integration Projects
for Audio and Video Conference
CBS Represents
They Represent a Medley of Reputed Majors in the field of Information
Technology and Automation like.
·
National Panasonic India Limited
- Canon
India Limited
- Brother
International Singapore Private Limited
· Samsung India Private Limited
- Ricoh
India Limited
- HP
|
|
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.44.99 |
|
|
1 |
Rs.73.24 |
|
Euro |
1 |
Rs.62.80 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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.