MIRA INFORM REPORT
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Report Date : |
13.10.2011 |
IDENTIFICATION DETAILS
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Name : |
HARE KRSNA FREE ZONE NV |
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Registered Office : |
P.O. Box 750, Economische Zone
Koningsplein B-II-1 |
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Country : |
Cuarcao |
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Date of Incorporation : |
12.06.2003 |
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Com. Reg. No.: |
92366 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading company of general merchandise |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
20,000.00 USD |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
Clear |
REGISTERED NAME & COMPANY
SUMMARY
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IDENTIFICATION |
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Legal Name: |
Hare KRSNA Free Zone NV |
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Legal Address |
P.O. Box 750, Economische Zone Koningsplein B-II-1 Curacao |
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Telephone: |
(599-9) 465-9751 |
Registration Number : |
92366 |
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Fax: |
(599-9) 465-9752 |
Legal Form: |
Limited Liability Company |
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Email: |
Registered in: |
Curacao |
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Website: |
N.A. |
Date Created: |
June 12, 2003 |
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Manager: |
Javahar Rajnikant Dhruv - Managing Director |
Date Incorporated: |
June 12, 2003 |
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Staff: |
8 |
Stock: |
N.A. |
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Value: |
Antillean Guilder 150,000.00 |
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Activity: |
Trading company of general merchandise |
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CREDIT RECOMENDATION
Current Credit Limit: 20,000.00 USD
DIRECTORS/MANAGEMENT
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Management: |
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Javahar Rajnikant Dhruv Function: Statutory director Title description: Managing Director Date of birth: December 29, 1962 Place of birth: Rajkot Country of birth: India Nationality: Dutch Kamlesh Govindram Bhavnani Function: Statutory director Title description: Managing Director Date of birth: March 10, 1957 Place of birth: Adipur Country of birth: India Nationality: Dutch |
NEGATIVE INFORMATION
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Legal Fillings |
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The sources consulted record no
detrimental legal or labor court information. |
SHARE & SHARE CAPITAL
INFORMATION
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Capital: |
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Authorized capital: Antillean Guilder 500,000.00 Issued capital: Antillean Guilder 150,000.00 There are holders of non paid-up shares. Fiscal year: The fiscal year is equal to the calendar year. |
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Shareholders Parent Company(ies): |
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The company is privately held and the owners are Javahar Rajnikant
Dhruv and Kamlesh Govindram Bhavnani. |
PAYMENT INFORMATION
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PAYMENTS |
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made on a 55 days basis - monitored over the last 12 months |
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The company imports from Panama and China. |
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The company export to Bonaire, St. Maarten, Venezuela, Suriname,
Trinidad and Tobago, etc. |
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Public |
NO |
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Payments |
REGULAR |
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Indebtedness |
CONTROLLED |
GROUP STRUCTURE & AFFILIATED
COMPANIES
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Related Companies: |
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No related companies were reported. |
FINANCIAL INFORMATION
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Financials
- COMMERCIAL TRENDS AND FORECAST |
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As a private company the subject does not publish any financial
statements. |
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We have contacted Javahar Rajnikant Dhruv (Managing Director) who
refused to provide us any financial data on grounds of confidentiality. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
1,286,000 |
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Operating Income |
34,000 |
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Net Income |
23,000 |
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Net worth |
210,000 |
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Bank liabilities |
45,000 |
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The cash flow is |
normal |
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Profitability |
CORRECT |
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Cash |
NORMAL |
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FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
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BANKS |
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Name of the Bank |
MCB Bank |
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BUSINESS |
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HISTORY |
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The company was established in 2003. |
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PRINCIPAL
ACTIVITY |
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The subject company operates as a trading company of general
merchandise. |
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Products/Services
description: |
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The company distributes the following products clothing, electronics,
jewellry, gift items, leatherwear, luggage, photographic art, toys and
cosmetics. |
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Sales are: |
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Wholesale |
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Clients: |
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Retailers, etc. |
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Suppliers: |
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This information is considered as confidential. |
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Operations area: |
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Local |
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The company imports from Panama and China. |
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The company export to Bonaire, St. Maarten, Venezuela, Suriname,
Trinidad and Tobago, etc. |
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Insurance: |
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The New India Assurance Co. Ltd C/o. Seguros Muskus N.V., P. O. Box. 218, Fokkerweg 30, Curacao, Netherlands Antilles Tel: (599-9) 461-2611 Fax: (599-9) 461-8310 E-mail: info@newindiacur.com / rajiv_nia@yahoo.co.in |
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The subject employs 8 employee(s) |
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PAYMENTS |
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made on a 55 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company is headquartered at P.O. Box 750, Economische Zone
Koningsplein B-II-1 Curacao. |
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The property is: |
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Leased |
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Comments on location: |
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The administrative office and operations of the company can be found
at the above listed address. |
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Branches: |
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No branches were reported. |
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Listed at the stock exchange: |
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NO |
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Rating |
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Local credit bureau gave a normal credit
rate. The company is in Good Standing. This
means that all local and federal taxes were paid on due date. |
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Final Opinion |
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The company has 8 years of experience.
They currently have the support of 8 employees for this reason it is
considered a small sized company. The company operates as a trading company
of general merchandise. The company also deals with a well known
bank in Curacao. The figures available show that the
company has a controlled indebtedness and that the cash is normal. Also, our searches revealed that the
payments are regular. Considering the information gathered, we
suggest a credit line of USD 20,000.00 |
NOTES & COMMENTS
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APPENDIX |
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Person Interviewed |
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Javahar Rajnikant Dhruv |
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Position |
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Managing Director |
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Comments |
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Mr. Dhruv with whom we spoke did not want to provide any information over
the phone and without knowing the name of the client first during the
interviewed. However, he provided all the information on this said report but the
suppliers and financial figures of the company. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.24 |
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UK Pound |
1 |
Rs.76.80 |
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Euro |
1 |
Rs.67.17 |
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 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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.