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Report Date : |
04.06.2012 |
IDENTIFICATION DETAILS
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Name : |
TOPALL IMPEX |
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Registered
Office : |
C 48 3 - A, 1st Floor, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Year of
Establishment : |
2008 |
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Capital
Investment / Paid-up Capital : |
Rs. 3.000 Millions |
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TIN No.: |
07510352059 |
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PAN No.: [Permanent Account No.] |
AFJPC9406L |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Manufacturer and Supplier of Construction Equipment, Bar Cutter Machine,
Bar Cutter, Bar Bending Machine, Monkey Hoist, Zip Cranes, Builder hoist,
Concrete Mixers, Concrete Mixers with lift, Concrete Mixers with Hopper,
Small Concrete Mixers, Compaction, Surfacing Equipment, Rammers, Plate
Compactor, Walk Behind Roller and All Related Items. |
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No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
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MIRAs Rating : |
Ba (43) |
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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 : |
USD 12000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established proprietory 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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
|
Name : |
Mr. Nitesh Chhajer |
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Designation : |
Proprietor |
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Contact No.: |
91-9350288831 |
LOCATIONS
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Registered Office/ Factory : |
C 48 3 - A, 1st Floor, |
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Tel. No.: |
91-11-27395247 |
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Mobile No.: |
91-9716467843/ 9350288831 |
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Fax No.: |
91-11-27395247 |
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E-Mail : |
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Website : |
SOLE PROPRIETOR
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Name : |
Mr. Nitesh Chhajer |
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Designation : |
Proprietor |
|
Address : |
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BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Construction Equipment, Bar Cutter
Machine, Bar Cutter, Bar Bending Machine, Monkey Hoist, Zip Cranes, Builder
hoist, Concrete Mixers, Concrete Mixers with lift, Concrete Mixers with
Hopper, Small Concrete Mixers, Compaction, Surfacing Equipment, Rammers,
Plate Compactor, Walk Behind Roller and All Related Items. |
|
|
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Products : |
v
Construction Equipment v
Bar Cutter Machine v
Bar Cutter v
Bar Bending Machine v
Monkey Hoist v
Zip Cranes v
Builder hoist v
Concrete Mixers v
Concrete Mixers with lift v
Concrete Mixers with Hopper v
Small Concrete Mixers v
Compaction v
Surfacing Equipment v
Rammers v
Plate Compactor v
Walk Behind Roller |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
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No. of Employees : |
10 (Approximately) |
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Bankers : |
HDFC Bank Limited, |
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Banking
Relations : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2012
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Capital Investment : |
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Owned : |
Rs. 3.000 Millions (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs. 3.000 Millions (Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
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31.03.2012 |
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Sales Turnover (Approximately) |
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30.000 |
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The above information has been parted by Mr. Nitesh Chhajer (Proprietor)
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
LOCAL AGENCY FURTHER INFORMATION
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Check List by Info Agents |
Available in Report (Yes / No) |
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1. Year of Establishment |
Yes |
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2. Locality of the firm |
Yes |
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3. Constitution of the firm |
Yes |
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4. Premises details |
No |
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5. Type of Business |
Yes |
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6. Line of Business |
Yes |
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7. Promoters background |
Yes |
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8. No. of Employees |
Yes |
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9. Name of person contacted |
Yes |
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10. Designation of contact person |
Yes |
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11. Turnover of firm for last one years |
Yes |
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12. Profitability for last three years |
No |
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13. Reasons for variation <> 20% |
-- |
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14. Estimation for coming financial year |
No |
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15. Capital in the business |
Yes |
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16. Details of sister concerns |
No |
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17. Major suppliers |
No |
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18. Major customers |
No |
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19. Payments terms |
Yes |
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20. Export / Import details |
Yes |
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21. Market information |
-- |
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22. Litigations that the firm / promoter involved |
-- |
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23. Banking Details |
Yes |
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24. Banking facility details |
No |
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25. Conduct of the banking account |
-- |
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26. Buyer visit details |
-- |
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27. Financials, if provided |
Yes |
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28. Incorporation details, if applicable |
No |
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29. Last accounts filed at ROC |
No |
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30. Major Shareholders, if available |
No |
TRADE REFERENCES
v IVRCL
v Dinesh Chandra R. Agarwal
v Vijay Nirman Construction private Limited
v Wave Silver Tower Private Limited
v L and T Palanpur
v CIDC
v Vishal Nirmiti Private Limited
v Sharma and Company
v IDEB Inc,
v Nice Projects, BPTP
v KST Infrastructure Limited
v Paramount Group of Companies
v Valecha Engineering Limited
v Ajnara Construction
v OPBK Construction
v Aman Hospitality (Ambience Group)
v L and T Krishnagiri
v TDI Infrastructure
v Himal Hydo Construction Company Private Limited
v Chitwan CoE
v Grip Construction, Prateek
v Prasad Construction, Shillong
v Sapphire,
v Shahi Infrastructure,
AS PER WEBSITE DETAILS
PROFILE
Established in the year 2008, at
Other than this, they also have Portable Bar Cutter, Walk Behind Roller, Builder Hoist, Rammer, Plate Compactors, Power Trowel and Concrete Mixer. All these products undergoes stringent quality testes which ensure that the finished products are as per the defined industry standards. Their large dealer network has also been growing across the globe which has also helped them to be in contact with the customers. Further, they also provide customized packaging to their clients, which have helped them to get appreciation from them.
They are headed by their mentor, Mr. Nitesh Chhajer, who has been the important reason behind their success in such a short span of time. His in-depth knowledge and domain expertise has helped their team member to work more efficiently which has resulted into their incredible growth.
When the need for quality construction equipments at affordable prices couldnt get fulfilled by existing market vendors, Subject was born with a vision to provide accessibility, of cutting edge technological advances, to the builders/contractors of the nation. The company is involved in the distribution of construction equipments and they represent few companies of high repute in the business. The organization is run by professionals and has technical people for the after sales support. They have almost the entire range of equipments to cater the need of contractors and builders, few of them being, bar cutting machine, bar bending machine, concrete mixers, concrete vibrators, rammer, builder hoist, monkey hoist etc.
In a short span of their Delhi office opening they have few elite customers in their kitty and to name a few : L&T , Valecha Engineering, Aman Hospitality(Ambience Group) , Infra 13(Wave Silver), TDI Infrastructure. They attribute the achievement to their company policy of customer centric approach with no room for customer grievances. They have executed all their orders to the expectations of their valuable customers. Also, their dealer network is growing rapidly across the globe enabling them to be in close proximity with the customers.
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 Intl
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 companys 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. 55.92 |
|
|
1 |
Rs. 86.03 |
|
Euro |
1 |
Rs. 69.13 |
INFORMATION DETAILS
|
Report Prepared by
: |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
4 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
|
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
|
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
This score serves as a reference to assess SCs 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.