MIRA
INFORM REPORT
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Report Date : |
5th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
NATIONAL IMPEX |
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Registered Office : |
57/59, Ground Floor, Zaveri Bazar, Mumbai –
400 002, Maharashtra, India. |
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Country : |
India |
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Date of Incorporation : |
1992 |
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Legal Form : |
Subject
was a partnership concern with an unlimited liability of the partners |
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Line of Business : |
Subject was engaged as Importers and Traders of
Paper and Paper Products |
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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Maximum Credit Limit : |
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Status : |
Closed
Down |
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Payment Behaviour : |
Unknown
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Litigation : |
Unknown
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Comments : |
Mr.
Ashish of the concern claims that they have closed down business under
subject head. |
LOCATIONS
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Registered Office : |
57/59, Ground Floor, Zaveri Bazar, Mumbai –
400 002, Maharashtra, India. |
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Tel. No.: |
91-22-22428692, 22423174 91-22-28934892, 28956444 |
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Fax No.: |
91-22-22421481 |
PARTNERS
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Name : |
Mr. P.
M. Parekh |
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Designation : |
Partner |
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Name : |
Mr.
Pratap Kamdar |
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Designation : |
Partner |
BUSINESS DETAILS
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Line of Business : |
Subject was engaged as Importers and Traders of
Paper and Paper Products |
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Imports from : |
Europe
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GENERAL INFORMATION
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Customers : |
Wholesalers
and Retailers |
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No. of Employees : |
3 |
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Bankers : |
Bank
of India Cotton
Exchange Branch Khara
Bhavan, Mumbai – 400 002, Maharashtra, India |
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Banking Relations : |
Unknown
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Sister Concern : |
l
Parekh
Enterprises l
Kunal
Enterprises l
Dynasty
Enterprises l
Fortune
Impex -all are at same
address -importers and traders of Paper
and Paper Products. l
Navyug
Kagdi & Company - manufacturer and supplier of
Accounting Books |
LOCAL AGENCY
FURTHER INFORMATION
History
Subject
was established in the year 1992 at Mumbai in Maharashtra as a partnership
concern.
It has
been closed down, recently as claimed by one Mr. Ashish
Subject
had imported Paper and Paper Products
CMT REPORT [Corruption, Money
laundering & Terrorism]
The Public
Notice information has been collected from various sources including but not
limited to: The Courts, India Prisons Service, Interpol, etc.
1] INFORMATION
ON DESIGNATED PARTY
No 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.45.82 |
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UK
Pound |
1 |
Rs.86.37 |
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Euro |
1 |
Rs.59.36 |
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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |