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Report Date : |
07.09.2012 |
IDENTIFICATION DETAILS
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Name : |
TECHNOLOGY AND GADGETS |
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Registered
Office : |
10/11, |
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Country : |
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Year of
Establishment : |
March 2007 |
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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
: |
Distributor and Importer of VGA Cards. |
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No. of Employees
: |
20 (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 : |
-- |
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Litigation : |
-- |
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Comments : |
Mr. Vikas, the proprietor has denied to provide any information of the
subject to us. However, as per indirect source we found that the subject is a
proprietory concern and engaged in the business of VGA Cards. Initially, 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.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village farming,
modern agriculture, handicrafts, a wide range of modern industries, and a
multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Vikas Gupta |
|
Designation : |
Proprietor |
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Contact No.: |
91-22-2382331 |
|
Date : |
06.09.2012 |
LOCATIONS
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Registered/ Head Office : |
10/11, |
|
Tel. No.: |
91-22-23823331/ 32 |
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Fax No.: |
91-22-23823330 |
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E-Mail : |
vikas@technologyandgadgets.com
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Website : |
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Location : |
Rented |
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Branch Office : |
Located at: · Mumbai · Bangalore · Chennai · Hyderabad |
SOLE PROPRIETOR
|
Name : |
Mr. Vikas Gupta |
|
Designation : |
Proprietor |
BUSINESS DETAILS
|
Line of Business : |
Distributor and Importer of VGA Cards. |
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Products : |
Blue Tooth v
Interactive user v
Interface Compatible with all v
Bluetooth enabled devices v
Easy to carry v
Fast Data Transfer between and PC Card Readers v
Slides
into v
All in
one Card Reader v
connect
to USB on main Board v
Easy
to install and use v
Front
Panel USB Connector Provided Casings v
Support
for both sata and pata casing v
USB
1.1 / 2.0 Compliant v
Hi-Speed
v
Support
Upto 500 GB Hard Disk v
For
Desktop Hard Disk Drives Mouse v
Resolution
:- 800 dpi v
Interface
:- USB v
Plug
and Play v
3D
Design Optical v
Switch
beating times :- 1 million PCI Based Cards v
PCI
Specification Revision 2.1 compliant v
SPP,
PS2, EPP, ECP compatible IEEE 1284 printer port v
Fast
data rates up to 1.5 Mbytes/sec v
Built
in 16 Byte FIFO v
DB25
parallel port connector x 1 Web Cameras v
Models:
6651, 2238, 6701 v
5 Mega
Pixels v
VGA
1280*960/ 640*480 optional Video resolution v
VGA
Max. frame rate 30 fps v
Lens f
3.6 mm, F2.8 Cabinets v
Premium
Series v
Delux
Range v
Pearl
Black / Silver v
Diamond,
Head Phones v
Premium
Series v
Delux
Range v
Pearl
Black/ Silver v
Diamond,
Laptop Adapter v
Universal
AC adapter with 8 DC connectors v
lightweight
and portable design v
120W
Power Supply with power cord v
Overload
protection is built in |
GENERAL INFORMATION
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No. of Employees : |
20 (Approximately) |
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|
|
|
Bankers : |
· Oriental Bank of Commerce Lamington Road Branch, Mumbai – 400008, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
J V Mehta and Company Chartered Accountant |
CAPITAL STRUCTURE
NOT DIVULGED
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
The above information has been declined by Mr. Vikas Gupta.
Note: Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or Registry.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
|
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 |
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 |
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 |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
PRESS RELEASE
AMD team up with TAG for graphic card
business
29.01.2012
AMD, one of largest computer
chip makers declared strategic
association with one of the leading national distributors TAG (Technology and
Gadgets) for the distribution of its entire portfolio of AMD professional
graphics including its latest generation of AMD FirePro professional graphics.
AMD’s Director of Global Sales for Professional Graphics, Ed Caracappa
said in a statement, “We are pleased with the new relationship between AMD and TAG.
It enhances our route to market and gives us the leverage to expand our
customer base in India, by adding to our existing base of consumers and
entering new geographic segments where TAG has a strong foothold”.
Chip maker AMD
forms alliance with TAG for graphic card business
Jan
27, 2012
NEW DELHI: Computer chip maker AMD today announced strategic alliance
with one of the largest national distributor firm TAG (Technology and Gadgets) for the distribution
of its entire portfolio of AMD professional graphics including its newest
generation of AMD FirePro
professional graphics.
"We're pleased with the new relationship between AMD and TAG. It
enhances our route to market and gives us the leverage to expand our customer
base in India, by adding to our existing base of consumers and entering new
geographic segments where TAG has a strong foothold, "AMD's Director of
Global Sales for Professional Graphics, Ed Caracappa said in a statement.
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.55.97 |
|
|
1 |
Rs.89.02 |
|
Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
NIT |
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.