Attachment 1

 

Report Update On

27th February, 2003

 

 

Report on

PROSOURCE FASHION AND LIFESTYLES

 

 

Registered Office

508, Vishwa Sadan Tower, District Centre, Janakpuri, New Delhi – 110 058, INDIA

 

 

Tel. No.

91-11-51589322, 51589325

Fax No.

91-11-51589323

E-Mail

 

Telex

 

 

 

Attachment 2

 

SUMMARY

 

 

Incorporated

2002

Status

New Company

 

 

 

 

Registration No.

 

Chief Executive

Mr. Arvind Dhingra

 

 

 

 

Capital        (Rs.)

0.3 million

(estimated)

Payments

Usually Correct

 

 

 

 

Sales           (Rs.)

 

Litigation

Clear

 

 

 

 

Net Worth  (Rs.)

 

Banking Reputation

Unknown

 

 

 

 

No. of Employees

4

Auditors

 

 

 

 

 

Credit Rating

B (See attachment 3)

 

 

INDUSTRY

 

 

************************

 

FACTORY

 

Not applicable

 

BRANCH

 

Nil

 

HISTORY

 

Subject was established on 21st October, 2002 at New Delhi as a Sole Proprietory concern.

 

LEGAL FORM

 

It is a Sole Proprietory concern.

 

SOLE PROPRIETOR

 

Name

Mr. Arvind Dhingra

Address

A-19, Vikas Puri, New Delhi – 110 018

Year of Birth

19701

Qualification

Post Graduate Diploma

Experience

11 years

Previous Employment

Market Fit Group in Jakarta, France & India

 

BUSINESS

 

Subject acts as a Buying House for Garments.

 

Subject’s income comes from commission.

 

Subject has no direct import or export activities.

 

Subject’s major customers are wholesalers and retailers.

 

Subject indirectly exports to Europe, France, Spain, Belgium, Denmark and Canada.

 

Some of the Major Customers of the concern are :

 

v                Okaidi, France

v                B-Young, Denmark

 

Subject operates from a caption rented office premises of 800 sq. fts., situated in the commercial area.

 

Subject employs around 4 persons in its set-up comprising of Office Staff, Sales Staff and others.

 

SISTER CONCERNS

 

Nil

 

BANKERS

 

v                Global Trust Bank

Vasant Vihar, New Delhi – 110 057

 

FINANCIAL INFORMATION

 

Subject is a recently established concern. Hence, no financials are available.

 

Capital Investment (estimated)                   : Rs.0.3 million

 

Note : Sole Proprietory and Partnership Concerns are exempted from divulging their Balance Sheet and Profit & Loss Account figures and hence could not be available.

 

FOREIGN EXCHANGE RATES

 

Currency

 

Unit

Indian Rupees

US Dollar

1

Rs.47.66

UK Pound

1

Rs.75.29

Euro

1

Rs.51.30

 

COMMENTS

 

Subject is a new buying house for garments. It has no track.

 

The concern can be considered for your proposed business dealings of US$ 3,000 against D/P terms.

 

Attachment 3

 

 

SCORE SHEET

 

SCORE

CREDIT 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. Maybe drawn to slightly difficult position as unfavourable conditions arise. Minimal assurance for timely payment on interest and principal sums

Moderate

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively limited or considered not known. Capability to pay both interest and principal sums is doubtful

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

 

Attachment 4

 

ACKNOWLEDGEMENT

 

Dear Sir/Madam,

 

As part of our control system, please fax/email us this note upon receipt of this report. If we do not receive the acknowledgement within 24 hours, we will assume that our report meets your requirement. If you have any suggestion to help us improve our reports and services, please do not hesitate to let us know.

 

Thank you.

______________________________________________________________________________

 

To        : MIRA INFORM PRIVATE LIMITED

From    :

To        :

 

Feedback – Please tick the appropriate box.

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GOOD

FAIR

POOR

 

 

 

 

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Company’s Stamp & Signature