MIRA INFORM REPORT

 

 

Report Date :

11th November 2006

 

IDENTIFICATION DETAILS

 

Name :

SHILPI UDYOG

 

 

Registered Office :

H-2, 319, Sangaria Industrial area, Jodhapur- 342005, Rajasthan, India.

 

 

Country :

India

 

 

Financials (as on) :

31.03.2006

 

 

Date of Incorporation :

1996

 

 

Legal Form :

A sole proprietory concern

 

 

Line of Business :

Manufacturer, trader, exporter of handicrafts, wooden – handicrafts and undertakes electro plating jobs.

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 7500

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a small and established concern. Its trade relations are fair. Payments are usually correct as per commitments.

 

The concern can be considered normal for business dealings at usual terms and conditions.

 

 

 

LOCATIONS

 

Registered Office :

H-2, 319, Sangaria Industrial area, Jodhapur- 342005, Rajasthan, India.

Tel. No.:

91-291-2747178/ 3295523 (R)

Mobile .:

91-9829027790

E-Mail :

shilpaudyog@hotmail.com

Area :

Owned – 300 sq. mtrs., 500 polishing unit

 

SOLE PROPRIETOR

 

Name :

Mr. Prakash Singh Tanwar

Designation :

Proprietor

Date of Birth/Age :

46 years

Qualification :

Graduate

Experience :

25 years

 

 

KEY EXECUTIVES

 

Name :

Mr. Prakash Singh Tanwar

Designation :

Chief Executive Officer

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, trader, exporter of handicrafts, wooden – handicrafts and undertakes electro plating jobs.

 

 

Exports to :

Germany

Terms :

 

Selling :

L/C (8 days)

 

 

Purchasing :

L/C, Cash and Credit (30 days)

 

GENERAL INFORMATION

 

Customers :

Wholesalers and End Users

 

 

No. of Employees :

35

 

 

Bankers :

IDBI Bank , Jodhapur

 

 

Facilities :

Cash Credit limit : 0.500 millions

 

 

 

Banking Relations :

Satisfactory

 

 

Auditors :

Sardarsingh Rathod

Jodhpur

 

CAPITAL STRUCTURE

 

 

Capital Investment :

 

Owned :

1.500 millions 

Borrowed :

--

Total :

1.500 millions

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

Particulars

 

31.03.2006

31.03.2005

31.03.2004

Sales Turnover

4.000

3.500

3.000

 

 

 

 

Profit/Loss for the year

0.300

0.400

0.300

 

 

 

 

Export Value

80%

80%

70%

 

 

LOCAL AGENCY FURTHER INFORMATION

 

The concern export handicrafts product

 

The concern is in trade terms with :

Ø       Sidhratha Marble, Jodhapur

Ø       Rechnungs Bonviva, Switzerland

Ø       Business Control Establishment, Germany

 

 

PRODUCTS

 

Ø       Furniture, Furniture Fittings & Fixtures

Ø       Gifts Articles

Ø       Handicrafts

Ø       Handcrafted Furniture

 

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

5

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

YES

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

TOTAL

 

45

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)              Ownership background (20%)                   Payment record (10%)

Credit history (10%)                    Market trend (10%)                                  Operational size (10%)

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.90

UK Pound

1

Rs.85.91

Euro

1

Rs.57.78

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions