1. Summary Information
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Country |
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Company Name |
GLORIOUS MULTI
SERVICES |
Principal Name 1 |
Mohd. Iqbal Ahmed |
|
Status |
Moderate |
Principal Name 2 |
Mohd. Mansoor Ahmed |
|
|
|
Registration # |
-- |
|
Street Address |
3rd
Floor, 16-9-408/P/63/1, Opposite Unique School, Malakpet, |
||
|
Established Date |
17.10.2008 |
SIC Code |
-- |
|
Telephone# |
91-40-24548001/24577129 |
Business Style 1 |
Trader |
|
Fax # |
91-40-24548002/24527129 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
MINAR brand pickles |
|
|
# of employees |
5
(approximately) |
Product Name 2 |
Sauce |
|
Paid up capital |
Not Divulged |
Product Name 3 |
-- |
|
Shareholders |
-- |
Banking |
Allahabad Bank |
|
Public Limited Corp. |
No |
Business Period |
3 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ca (11) |
|
Related
Company |
|||
|
Relation
|
Country |
Company
Name |
CEO |
|
Associates/Subsidiaries
: |
|
J. Foods |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
-- |
(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 |
-- |
(Unit: Indian Rs.) |
|
|
Sales |
-- |
Net Profit |
-- |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
|
Report Date : |
21.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
GLORIOUS MULTI SERVICES |
|
|
|
|
Registered
Office : |
3rd Floor, 16-9-408/P/63/1, Opposite Unique School,
Malakpet, |
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Country : |
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Date of
Incorporation : |
17.10.2008 |
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|
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Capital Investment
: |
Not Divulged |
|
|
|
|
TIN No.: |
28889207211 (01.11.2009) |
|
|
|
|
Legal Form : |
A partnership concern with unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Trader and Exporter of MINAR brand pickles and sauce |
|
|
|
|
No. of Employees
: |
5 (approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
Litigation : |
Clear |
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Comments : |
Subject is a partnership concern having moderate track Mr. Sreekumar
manager provided general information and denied for financial details.
Payments are unknown. The concern can be considered for 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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
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 (GENERAL DETAILS)
|
Name : |
Mr. Sreekumar |
|
Designation : |
Manager |
|
Contact No.: |
91-8125193108 |
|
Date : |
19.05.2011 |
LOCATIONS
|
Registered Office : |
3rd Floor, 16-9-408/P/63/1, Opposite Unique School,
Malakpet, |
|
Tel. No.: |
91-40-24548001/24577129 |
|
Mobile No.: |
91-8125193108 (Mr. Sree Kumar, Manager) |
|
Fax No.: |
91-40-24548002/24527129 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
800 sq.ft |
|
Location : |
Rented |
PARTNERS
|
Name : |
Mohd. Mansoor Ahmed |
|
Designation : |
Partner |
|
Address : |
PB No: 118455, |
|
Date of Birth/Age : |
45 Years |
|
|
|
|
Name : |
Mohd. Iqbal Ahmed |
|
Designation : |
Partner |
|
Address : |
16-5-513/4, Azampura, |
|
Date of Birth/Age : |
42 Years |
KEY EXECUTIVES
|
Name : |
Mr. Sreekumar |
|
Designation : |
Manager |
BUSINESS DETAILS
|
Line of Business : |
Trader and Exporter of MINAR brand pickles and sauce |
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|
|
|
Exports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Purchasing : |
60 Days |
GENERAL INFORMATION
|
Customers : |
|
|
|
|
|
No. of Employees : |
5 (approximately) |
|
|
|
|
Bankers : |
|
|
|
|
|
Facilities : |
-- |
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|
|
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Banking
Relations : |
-- |
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|
|
|
Associates/Subsidiaries : |
Address: 16-5-513/4, Opposite MCH Office,
Azampura, Line of Business: Manufacturer of pickles
and sauces |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
-- |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Divulged
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
Trade References:
- Jedda Project
Est, Jeddah
AS PER WEBSITE DETAILS
PROFILE:
The
The demand for better quality and higher technology is always growing.
Improving service quality has finally become a top priority of management
today. With the population crossing 300 million, and the
annual healthcare expenditure of more than $ 20 billion, this
region is attracting more medical products manufacturers from around the
world now, than, it did in the past. Many large
In the present context of advancements in medical products industry and the
enhanced production rate the world over, there team of professionals promises
to provide greener pastures for large, medium and small scale manufacturers, so
that they can better channelize their products in these highly prosperous and
commercially dynamic markets.
They, at Subject, provide marketing services to help
medical device companies establish, widen and improve
their business in the
For there clients, they carry out market research and study, allocate
distributors or sole agents and supervise such agents` market activities and
performance for there clients` products in this region.
Whether you are starting a new business or launching a new product line within
a company, you won’t be able to succeed without a clear plan that defines the
goals and the ways to achieve them. Discussion with there representative will
equip you with the knowledge, tools and techniques you’ll need to develop marketing
plans in these markets.
They economize there clients in terms of the time and effort to study and
understand the market or to follow up on existing businesses and also
save them the expenses of traveling to cover the target territory.
They are a team which has expertise, experience, communication skills and
necessary knowledge and awareness of opportunities for the medical products
(consumables as well as equipments) supplies business in the region.
They have skillfully served for medical device and healthcare companies in the
area of new product development, market opportunity assessment, and customer
satisfaction measurement.
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.44.93 |
|
|
1 |
Rs.72.91 |
|
Euro |
1 |
Rs.64.34 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
-- |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
-- |
|
--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 |
|
11 |
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.