1. Summary Information

 

 

Country

India

Company Name

GOLDEN NEST

Principal Name 1

Mr. S. P. Malhotra

Status

Moderate

Principal Name 2

--

s

 

Registration #

--

Street Address

87, Defence Colony, 2nd Main 2nd Cross, Indiranagar, Bangalore – 560038, Karnataka

Established Date

1967

SIC Code

--

Telephone#

91-80-25297514 / 25291686

Business Style 1

Distributors

Fax #

91-80-25282391

Business Style 2

Marketing Support

Homepage

Not Available

Product Name 1

Copper wire

# of employees

Not Divulged 

Product Name 2

Laminations

Paid up capital

Rs.2,500,000/-

Product Name 3

Stampings

Shareholders

--

Banking

Andhra Bank

Public Limited Corp.

NO

Business Period

49 Years

IPO

NO

International Ins.

--

Public Enterprise

NO

Rating

Ca (11)

Related Company

Relation

Country

Company Name

CEO

Subsidiaries

--

 

--

Note

-

 

2. Summary Financial Statement

Balance Sheet as of

31.03.2006

(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

31.03.2006

(Unit: Indian Rs.)

Sales

5,000,000

Net Profit

--

Sales (Previous yr)

4,500,000

Net Profit(Prev.yr)

--

 

 

MIRA INFORM REPORT

 

 

Report Date :

28.04.2012

 

IDENTIFICATION DETAILS

 

Name :

GOLDEN NEST

 

 

Registered Office :

87, Defence Colony, 2nd Main 2nd Cross, Indiranagar, Bangalore – 560038, Karnataka

 

 

Country :

India

 

 

Financials (as on) :

31.03.2006

 

 

Date of Incorporation :

1967

 

 

Capital Investment / Paid-up Capital :

Rs.2.500 Millions

 

 

Legal Form :

Sole Proprietory Concern.

 

 

Line of Business :

Distributors, Marketing Support, Indenting Agents for Copper wire, Laminations, Stampings, Ferrite Cores, P C Bs, Cables, Capacitors also Wind Mill Generation Requisites.

 

 

No. of Employees :

Information Declined by the Management

 

 

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

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established proprietory concern having moderate track. Mr. S.P. Malhotra proprietor denied to disclose any information about the concern. Therefore, the report is based on old data base of the concern. Payments are not known.

 

The concern can be considered for business dealings on a 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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

 

 

 

 

 

 

 

 

 

 

INFORMATION DECLINED BY

 

Name :

Mr. S. P. Malhotra

Designation :

Proprietor

Contact No.:

91-80-25297514

Date :

16.04.2012

 

LOCATIONS

 

Registered Office :

87, Defence Colony, 2nd Main 2nd Cross, Indiranagar, Bangalore – 560038, Karnataka, India

Tel. No.:

91-80-25297514 / 25291686

Fax No.:

91-80-25282391

E-Mail :

gnest@vsnl.com

gnest@hathway.com

Area :

5000 sq. ft.

Location :

Owned

 

 

Branches :

Located at :

 

Ø       Delhi

Ø       Hyderabad

Ø       Kolkata 

 

 

SOLE PROPRIETOR

 

Name :

Mr. S. P. Malhotra

Designation :

Proprietor

Qualification :

B. Com

 

 

BUSINESS DETAILS

 

Line of Business :

Distributors, Marketing Support, Indenting Agents for Copper wire, Laminations, Stampings, Ferrite Cores, P C Bs, Cables, Capacitors also Wind Mill Generation Requisites.

 

 

GENERAL INFORMATION

 

Suppliers :

Ø       T.O.E.C. – Chine

Ø       L. G. – Korea

Ø       Hankook Company Limited – Korea

Ø       Samyong – Korea

Ø       Taihan Electronics Company – Korea

Ø       TDS Group – Chine

Ø       Taiwan Shulim – Taiwan / China

 

 

Customers :

Ø       Videocon International

Ø       Enercon Energy Limited

Ø       Igrashi Motors Limited – Chennai

 

 

No. of Employees :

Information Declined by the Management

 

 

Bankers :

Andhra Bank, CMH Road, Indiranagar, Bangalore – 560038, Karnataka, India

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Hegde Associates

Chartered Accountant

Address :

Bangalore, Karnataka, India

 

 

CAPITAL STRUCTURE

 

As on 31.03.2006

 

Capital Investment :

 

Owned :

Rs.2.500 Millions

Borrowed :

--

Total :

Rs.2.500 Millions

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

Particulars

 

 

31.03.2006

31.03.2005

Sales Turnover (Approximately)

 

5.000

4.500

 

 

 

 

Profit/Loss for the year (Approximately)

 

15 %

15 %

 

Note : Sole Proprietory and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry Records.

 

LOCAL AGENCY FURTHER INFORMATION

 

 

Check List by Info Agents

Available in Report (Yes / No)

1) Year of Establishment

Yes

2) Locality of the firm

Yes

3) Constitutions of the firm

Yes

4) Premises details

Yes

5) Type of Business

Yes

6) Line of Business

Yes

7) Promoter’s background

No

8) No. of employees

No

9) Name of person contacted

Yes

10) Designation of contact person

Yes

11) Turnover of firm for last one year

Yes

12) Profitability for last three years

No

13) Reasons for variation <> 20%

--

14) Estimation for coming financial year

No

15) Capital in the business

Yes

16) Details of sister concerns

No

17) Major suppliers

No

18) Major customers

No

19) Payments terms

No

20) Export / Import details (if applicable)

No

21) Market information

--

22) Litigations that the firm / promoter

--

23) Banking Details

Yes

24) Banking facility details

No

25) Conduct of the banking account

--

26) Buyer visit details

--

27) Financials, if provided

Yes

28) Incorporation details, if applicable

No

29) Last accounts filed at ROC

No

30) Major Shareholders, if available

No

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.52.68

UK Pound

1

Rs.85.12

Euro

1

Rs.69.38

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVA

 

 

Report Prepared by :

MYI

 

 

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

--

--LIQUIDITY

1~10

2

--LEVERAGE

1~10

1

--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

NO

--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

-

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.