MIRA
INFORM REPORT
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Report Date : |
22.03.2011 |
IDENTIFICATION DETAILS
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Name : |
SAMUTRON ENTERPRISES |
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Registered Office : |
Flat No.59, Wing 4, 3rd Floor, |
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Country : |
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Financials (as on) : |
31.03.2008 [Estimated] |
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Year of Establishment : |
2002 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNES17726C |
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PAN No.: [Permanent
Account No.] |
AEYPJ7195R |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Trader of IT related products. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Closed Operations |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
As confirmed by Mr. Prakash Mohire, Accounts Manager, the Subject
company has closed its operations since April, 2010. Payments terms are not
known. Initially, subject can be considered for business dealings on a safe
and secured 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
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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 (GENERAL DETAILS)
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Name : |
Mr. Prakash Mohire |
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Designation : |
Account Manager |
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Contact No.: |
91-9325636011 |
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Date : |
18.03.2010 |
LOCATIONS
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Registered Office : |
Flat No.59, Wing 4, 3 rd Floor, Anand Park, Vitthal Nagar,
Pune – 411 051, Maharashtra, India |
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Tel. No.: |
91-20-32914458 / 30217650 |
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Mobile No.: |
91-9372430053 (Mr. Mohan Das) |
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Fax No.: |
91-20-25536552/30217583 |
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E-Mail : |
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Website : |
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Area : |
650 sq. ft. |
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Location : |
Owned |
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Factory 1 : |
650 Deccan Gymkhana, Pratik Apartment, 4th Floor, Near Hotel Suraj
Lodge, Behind PMT Bus Depot, Pune – 411 004, |
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Area : |
400 sq.ft. |
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Location : |
Rented |
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Godown : |
745, Bakuri Phata, A/P Wagholi, Pune – 412 207. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Mohan Das Gondhale |
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Designation : |
Proprietor |
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Date of Birth/Age : |
46 Years |
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Qualification : |
Bsc |
BUSINESS DETAILS
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Line of Business : |
Trader of IT related products. |
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Products : |
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Brand Names : |
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Agencies Held : |
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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 ·
Retailers ·
End Users ·
OEM’s |
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No. of Employees : |
60 (In office 60z) |
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Bankers : |
Saraswat Co-operative Bank Limited, |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
R. I. Sayed and Company Chartered Accountants |
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Address : |
Pune |
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Associates /
Subsidiaries : |
NA |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.70.000 Millions (estimated) |
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Borrowed : |
-- |
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Total : |
Rs.70.000 Millions (estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2008
[Estimated] |
31.03.2007
[Estimated] |
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Sales Turnover |
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200.000 |
600.000 |
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LOCAL AGENCY FURTHER INFORMATION
Trade References:
- Data care corporation, Pune
- Banks
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. 45.05 |
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|
1 |
Rs. 73.05 |
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Euro |
1 |
Rs. 63.81 |
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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.