MIRA INFORM REPORT

 

 

Report Date :

24.07.2014

 

IDENTIFICATION DETAILS

 

Name :

TWIN TECH (INDIA) PRIVATE LIMITED (w.e.f.01.12.2007)

 

 

Formerly Known As :

TWIN TECH TRADING (INDIA) PRIVATE LIMITED

 

 

Registered Office :

House No.61, Surender Colony-II, Jharoda, New Delhi-110048

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

02.12.2004

 

 

Com. Reg. No.:

55-130904

 

 

Capital Investment / Paid-up Capital :

Rs.4.628 Millions

 

 

CIN No.:

[Company Identification No.]

U51909DL2004PTC130904

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MRTT00790G

 

 

PAN No.:

[Permanent Account No.]

AACCT1495K

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturers and Traders of Industrial Products

 

 

No. of Employees :

28 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (29)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 34000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a small company in its field. Its scales of activities are limited.

 

However, trade relations are reported to be fair. Business is active. Payment terms are slow but correct.

 

The company can be considered for small business dealings with some caution.

 

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 – March 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

INDIAN ECONOMIC OVERVIEW

 

N E W S

 

The economy grew 4.7 %in 2013/14, marking a second straight year of sub-5 % growth – the worst slowdown in more than a quarter of a century. The data was below an official estimate of 4.9 % annual growth and compared with 4.5 % in the last fiscal year. However, the current account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on overseas purchases and muted import of capital goods helped shrink the current account deficit.

 

Online retailer Flipkart has acquired fashion portal Myntra as it prepares to battle with the rapidly expanding India arm of the global e-comme