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Report Date : |
10.05.2012 |
IDENTIFICATION DETAILS
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Name : |
VYP INFRA |
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Registered
Office : |
No.539, Second Floor, |
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Country : |
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Year of
Establishment : |
2012 |
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Capital
Investment / Paid-up Capital : |
Not Available |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
The Subject is engaged in industrial fabrication and
construction. |
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No. of Employees
: |
5 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Status : |
New Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new proprietory concern and yet to complete its one full
year of operations. Business is active. Payments are unknown. The concern 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 PARTED BY
|
Name : |
Mr. Ram Raj |
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Designation : |
Manager |
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Contact No.: |
91-44-64547444 |
|
Date : |
10.05.2012 |
LOCATIONS
|
Registered Office : |
No.539, Second Floor, |
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Tel. No.: |
91-44-64547444 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
SOLE PROPRIETOR
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Name : |
Mr. Vikash Mehrotra |
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Designation : |
Proprietor |
KEY EXECUTIVES
|
Name : |
Mr. Ram Raj |
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Designation : |
Manager |
BUSINESS DETAILS
|
Line of Business : |
The Subject is engaged in industrial fabrication and
construction. |
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Terms : |
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Selling : |
Credit (30 Days) |
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Purchasing : |
Credit (30 Days) |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
5 (Approximately) |
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Bankers : |
HDFC Bank, Velacherry Branch, Chennai – 600042, |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
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Sister Concerns: |
Mehrotra Industries, Mr. Brji M. Mehrotra / Mr. Prakash Mehrotra Address: No.34/1, Email: mehrotra_industries@yahoo.co.in
/ mi_21097@rediffmail.com Tel No.: 91-33-26372014
/ 26370495 Line of
Business: Structural Fabrication and Body Builders |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Available |
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Borrowed : |
-- |
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Total : |
Not Available |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW CONCERN
The above information has been parted by Mr. Ram Raj
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 |
No |
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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 |
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 two 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 |
Yes |
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17) Major suppliers |
No |
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18) Major customers |
Yes |
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19) Payments terms |
Yes |
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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 |
-- |
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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 |
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 |
Profile
This is a proprietorship firm started in Feb 2012 by Mr. Vikas
Mehrotra. The firm is engaged in industrial fabrication and construction. Mr.
Vikas Mehrotra comes from a family of businessmen for over 60 years. His father
has two factories in
A word about
Mehtrotra Industries - the parent firm in
This firm is a family firm. A vision of service and
commitment to the nation which was started as far back as the late 1960's has
since been translated into a reality. The firm which was born over four decades
ago with its first manufacturing unit at Howrah, West Bengal has been
identified ever since by leading Government/Semi government users, major fleet owners
and transport contractors of the country as their trustworthy and reliable
source of quality bodies to meet the varying needs of commercial vehicle
bodies. Even Dorr India Limited, a German company has given them a contract to
do structural work in Singur, WB. Mehrotra industries are today one of the few
leading fabricators in the country with accreditation as an authorized body
builder for major OE manufacturers. They handle the regular requirements of
body building of OE manufacturers for BUS/TRUCK bodies both for domestic and
international markets. They also undertake structural fabrication for
international companies. Mehrotra industries
Now from this back ground comes Mr. Vikas Mehrotra who has
started the same business in Chennai in 2012. He is an MBA graduate from
Officer - Armstrong World Industries Private Limited, Kolkatta Area - he duties were
Education
MBA
- 2007-2009 - International
B.Com
With
this background Mr. Vikas Mehrotra has set up a firm on his own at Chennai.
They propose to do structural fabrication and construction. Their first
contract was from
A
new firm started but has the back up of a 40 year old business group in
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.53.46 |
|
|
1 |
Rs.86.27 |
|
Euro |
1 |
Rs.69.40 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
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.