1. Summary Information
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Country |
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Company Name |
Indo Spark Construction Services |
Principal Name 1 |
Mr. Sandip Ingle |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Veena S Ingle |
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|
|
Registration # |
-- |
|
Street Address |
198 E, Tararani
Chowk, Near Geeta Mandir, |
||
|
Established Date |
1991 |
SIC Code |
-- |
|
Telephone# |
91-231-2663581 |
Business Style 1 |
Providing Sales and Services |
|
Fax # |
91-231-2654348 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Drilling |
|
|
# of employees |
40 |
Product Name 2 |
Fastener Fixing |
|
Paid up capital |
Rs. 6,500,000/- |
Product Name 3 |
Bar Fixing |
|
Shareholders |
-- |
Banking |
HDFC Bank
Limited |
|
Public Limited Corp. |
-- |
Business Period |
19 Years |
|
IPO |
-- |
International Ins. |
- |
|
Public |
|
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Sister
Concern |
|
Indo Spark Electricals |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
-- |
Current Liabilities |
-- |
|
Inventories |
-- |
Long-term Liabilities |
-- |
|
Fixed Assets |
-- |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
-- |
|
Invest& other Assets |
-- |
Retained Earnings |
-- |
|
|
|
Net Worth |
-- |
|
Total Assets |
-- |
Total Liab. & Equity |
-- |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
25,000,000 |
Net Profit |
-- |
|
Sales(Previous yr) |
15,000,000 |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
|
Report Date : |
04.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
INDO SPARK CONSTRUCTION SERVICES |
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|
|
|
Registered Office : |
198 E, Tararani Chowk, Near Geeta Mandir, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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|
Year of Establishment : |
1991 |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AACFI2665R |
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|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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|
|
|
Line of Business : |
Providing Sales and Services of Fasteners, Drilling in Concrete, Core
Cuttings, Bar Fixing, Wall Sawing, Vibration Free Concrete Breaking / Cutting.
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 26000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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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 : |
Mr. Sandip Ingle |
|
Designation : |
Partner |
|
Contact No.: |
91-9823196066 |
|
Date : |
26.02.2011 |
LOCATIONS
|
Registered Office : |
198 E, Tararani Chowk, Near Geeta Mandir, |
|
Tel. No.: |
91-231-2663581 |
|
Mobile No.: |
91-9823196066 (Mr. Sandeep Ingle) |
|
Fax No.: |
91-231-2654348 |
|
E-Mail : |
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|
Website : |
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Area : |
1500 Sq. Fts |
|
Location : |
Owned |
|
|
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|
Branches : |
Pune
Sunshine Co Operative Housing society 89,
3 /4, sector 6, Kalamboli, |
PARTNERS
|
Name : |
Mr. Sandip Ingle |
|
Designation : |
Partner |
|
Date of Birth/Age : |
37 Years |
|
Qualification : |
Diploma in Mechanical |
|
|
|
|
Name : |
Mrs. Veena S Ingle |
|
Designation : |
Partner |
|
Date of Birth/Age : |
35 Years |
|
Qualification : |
B.A |
BUSINESS DETAILS
|
Line of Business : |
Providing Sales and Services of Fasteners, Drilling in Concrete, Core
Cuttings, Bar Fixing, Wall Sawing, Vibration Free Concrete Breaking /
Cutting. |
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Products : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash / Credit ( 30 days) |
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Purchasing : |
L/C, Cash / Credit ( 30 days) |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
40 ( In Office + In Branches ) |
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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 : |
Mr. Nilesh Baheti Chartered Accountant |
|
Address : |
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Tel. No.: |
91-9823285765 |
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|
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|
Sister Concern : |
Indo Spark Electricals Address: 198 E, Tararani Chowk, Near Geeta Mandir, Line of Business: Sales Services and Power Tool. |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 6.500 Millions (approximately) |
|
Borrowed : |
-- |
|
Total : |
Rs. 6.500 Millions (approximately) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Sales Turnover |
25.000 |
15.000 |
10.000 |
|
|
|
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|
Expected Sales (2010-11): Rs.27.500 Millions
LOCAL AGENCY FURTHER INFORMATION
AS PER WEBSITE DETAILS:
PROFILE:
Subject, a construction removal and demolition company, is comprised of team of engineers, project managers and demolition technicians providing effective and efficient work.
At Subject demolition
work is carried out through cutting, drilling, rigging in a safer way, for the
environment and its employees. Spark Construction Services is a demolition
company that is focused on doing quality work from through out
With 25 years of
experience, there team of skilled personnel is ready to get the job done on
time and satisfy there clients. They take extra care of the jobs undertaken and
work with there clients according to their needs and at a reasonable cost. They
are a demolition company with the goal to not only meet but also beat the
demolition expectations.
Indo Spark Construction Services offers a wide area of demolition services,
from buildings to bridges and marine to nuclear plant. They offer:
- Diamond wire sawing demolition service for heavily-reinforced concrete, solid stainless steel and rock.
- Blade sawing demolition service for steel-reinforced concrete, pre-cast concrete, asphalt, stone walls and cobblestone street beds.
- Core drilling demolition service for steel-reinforced concrete, pre-cast concrete, asphalt, masonry, metal and rock.
- Parapet/curb cutting demolition service for steel-reinforced concrete, pre-cast concrete and asphalt.
With combination of special machinery, skills and experience Indo Spark
Construction Services offer selective demolition of any kind or anywhere. There
services are unmatched in the demolition industry for general demolition and
selective demolition work. They have a track record of providing precision
selective demolition service.
They understand the physical and environmental risk of any demolishing tasks especially selective demolition. They understand the time constraint and the value of budget as well. Therefore, they conduct a detail research before initiating a task of any magnitude. This enables them to study the risk and threat factors and come up with the solution, beneficial to all.
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.44.96 |
|
|
1 |
Rs.73.37 |
|
Euro |
1 |
Rs.62.33 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
|
|
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--BANK CHARGES |
YES/NO |
YES |
|
--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 |
|
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 |
|
|
>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.