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Report Date : |
09.05.2012 |
IDENTIFICATION DETAILS
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Name : |
ANCONS INTERNATIONAL |
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Registered
Office : |
#202, 2nd Floor, |
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Country : |
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Year of
Establishment : |
1998 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Subject is a one stop agency for admissions in overseas
universities and specialists in North American Universities. |
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No. of Employees
: |
2 (Approximately) |
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 : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
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Comments : |
A site visit was conducted but the proprietor Mr. A.S. Rao denied to
disclose any information about the concern. No further information could be
made available. Payments are unknown. 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 – 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 DECLINED BY
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Name : |
Mr. A.S. Rao |
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Designation : |
Proprietor |
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Date : |
08.05.2012 |
LOCATIONS
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Registered Office : |
#202, 2nd Floor, |
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Tel. No.: |
91-40-23409938 |
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Mobile No.: |
91-9393226968 (Mr. A.S. Rao) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Area : |
500 sq ft (Approximately) |
SOLE PROPRIETOR
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Name : |
Mr. A.S. Rao |
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Designation : |
Proprietor |
BUSINESS DETAILS
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Line of Business : |
Subject is a one stop agency for admissions in overseas universities
and specialists in North American Universities. |
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GENERAL INFORMATION
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No. of Employees : |
2 (Approximately) |
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Bankers : |
Not Divulged |
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Banking
Relations : |
-- |
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Auditors : |
Not Divulged |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Divulged |
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Borrowed : |
Not Divulged |
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Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
The above information has been declined by Mr. A.S. Rao (Proprietor).
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
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) Constitutions
of the firm |
Yes |
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4) Premises
details |
Yes |
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5) Type of
Business |
Yes |
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6) Line of
Business |
Yes |
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7) Promoter’s
background |
No |
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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 three years |
No |
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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 |
No |
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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 |
No |
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20) Export /
Import details (if applicable) |
No |
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21) Market
information |
-- |
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22) Litigations
that the firm / promoter involved in |
-- |
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23) Banking
Details |
No |
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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 |
Yes |
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27) Financials,
if provided |
No |
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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 |
OBSERVATION
POINTS:
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Name of the
Company : |
ANCONS INTERNATIONAL |
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Address : |
#202, 2nd Floor, |
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Legal Status : |
Proprietorship |
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Name/ Cell No.: |
Mr. A.S. Rao (91-9393226968) |
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E-Mail : |
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Website : |
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Tel. Nos.: |
91-40-23409938 |
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Fax Nos.: |
NIL |
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Name Board : |
Sighted |
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Visibility of
Name Board : |
High |
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Location : |
Easy |
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Locality : |
Office |
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Approximately
Market Value of Premises : |
Area: 500 (sq. ft.) Approximately |
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Area : |
Upmarket |
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Visibility of
Items : |
v
Telephone v
Computers |
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No. of Employees
seen at Business Premises : |
2 |
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Furniture Items
Sighted : |
Yes |
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Office
Appearance : |
Good |
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Sister Concerns
(Other Names on Name Board) : |
Nil |
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Visiting Card
Provided as Proof of Visit : |
Yes |
WEBSITE DETAILS:
PROFILE:
Subject is a one stop agency for admissions in overseas
universities and specialists in North American Universities. ANCONS has two
offices: Ancons International LLC based in
Ancons is now offering a
v MBA Fast Track Program
v Suitable for 3 or 4 years Degree
v No work experience required
v No TOEFL/GRE/GMAT needed
v 9 specializations of curriculum
v $ 4500 per semester of 9 credits
v Internships during the program
v Placement after completion
v H1B Sponsorships offered
Their role
ANCONS has been a pivotal
liaisoning body with regard to higher education abroad. Since the last 10
years, ANCONS has been sending a substantial number of students every year to
different colleges and universities across the world. Students have been securing
their college admissions and scholarships through their agency and they have
played a pioneering role in preparing students successfully for visa
interviews. They have been disseminating authentic and updated information on
admission requirements to different graduate and undergraduate programs, campus
locations, and internships.
Their objectives
ANCONS is objectively interested
in counseling students about various university programs and to secure
admissions for aspiring candidates in various undergraduate and graduate
courses. More than 600 students are directly catered to every year.
ANCONS as a burgeoning higher
education facilitator has come up with key areas of support in planning,
coordination and implementation of strategies for the promotion of different
overseas universities in
ANCONS provides information on
changes and shifts in higher education policies, structural changes in foreign
student intake patterns and instrumental changes in policies pertaining to
student visas.
Their services
They as an information provider do provide with a lot of services to promote
higher studies for students:
|
1. |
advise students on university names / campus locations, course availability, admission entry requirements, visa applications. |
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2. |
opinionate on which university to choose and why. |
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3. |
notify Universities about students' interests, their credentials and overall academic standing. |
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4. |
communicate with universities and send completed applications. |
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5. |
prepare the students for visa interviews. |
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6. |
assist the students with travel and accommodatiion information. |
Their future plans
ANCONS is trying to develop a
support service system in the near future. Intitiatives have been taken on modification
and diversification of their services and they are in the process of building a
compendious and enterprising software technology that will involve software
development mainly with regard to Higher Education, Examination, Testing and
Training, Interactive Learning software marketing and other instrumental
support services. It also wishes to promote and patronize a comprehensive
online library with updated online classes, interactive CD-ROMs, DVD's, Audios
etc.
Overseas Admissions
ANCONS helps in securing admissions to the top
universities across 12 countries:
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.52.85 |
|
|
1 |
Rs.85.44 |
|
Euro |
1 |
Rs.68.80 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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 |
|
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 |
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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 |
|
<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.