MIRA INFORM REPORT
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Report
Date : |
10.11.2006 |
IDENTIFICATION
DETAILS
|
Name : |
YASH MARKETING |
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Registered
Office : |
B-1231,
Jahangir Puri, New Delhi – 110033. |
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Country: |
India |
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Financials
(as on): |
31.03.2006 |
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Date
of Incorporation : |
October 1997 |
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TAN No.: [Tax Deduction & Collection Account No.] |
DELY00638B |
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PAN No.: [Permanent Account No.] |
AAAFY3140M |
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Legal
Form : |
Partnership
concern with an unlimited liability of the partners |
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Line
of Business : |
Dealers of
Electronic Goods & Appliances |
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 |
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Maximum
Credit Limit : |
USD 40000 |
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Status
: |
Satisfactory
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Payment
Behaviour : |
Usually
Correct |
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Litigation
: |
Clear |
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Comments
: |
Subject is a well established concern having satisfactory
track. Partner are reported as experienced, respectable and having
satisfactory means of their own. Their trade records are fair. Payments are
correct and as per commitments. The concern can be considered as normal for business
dealings at usual trade terms and conditions. |
LOCATIONS
|
Registered
Office : |
B-1231,
Jahangir Puri, New Delhi – 110033, India |
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Tel.
No.: |
91-11-27634655/27638102-8107 |
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Mobile
No.: |
91-9891415205 |
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Fax
No.: |
91-11-27634655 |
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Area : |
Owned -- 700 sq.
fts |
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Location : |
Commercial |
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Warehouse
: |
K-Block, Village Bhalswa, New Delhi – 110033, India |
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Area : |
3000 sq. fts. -- Rented
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Location : |
Commercial |
PARTNERS
|
Name : |
Mr.
Deepak Garg |
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Designation
: |
Managing Partner |
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Name : |
Mrs.
Shashi Garg |
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Designation
: |
Partner |
KEY EXECUTIVES
|
Name : |
Mr. Deepak Garg |
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Designation
: |
Managing Partner |
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Date
of Birth/Age : |
1977 |
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Qualification
: |
Graduate |
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Experience
: |
10 years |
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Address
: |
A-3/86, Sector –11, Rohini, New Delhi – 110085,
India |
BUSINESS DETAILS
|
Line
of Business : |
Dealers of
Electronics Goods & Appliances |
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Brand
Names : |
‘Whirlpool’ |
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Agencies
Held : |
Ø
LG
Electronics India Private Limited, India Ø
Samsung
Electronic India Limited, India Ø
Voltas
Limited, India Ø
Kitchen
Appliance Limited, India Ø
Sony
India Private Limited, India Ø
IFB
Industries Limited, India Ø
Hyundai
|
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Terms
: |
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Selling : |
Cash or Credit [15 days] terms |
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Purchasing : |
Cash or Credit [15 days] terms |
GENERAL INFORMATION
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Customers
: |
Wholesalers and
Retailers |
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No. of
Employees : |
Total 16 persons |
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Bankers
: |
Allahabad Bank Azadpur, New Delhi |
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Facilities : |
Cash Credit Limit : Rs. 7.000 Millions |
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Banking Relations : |
Satisfactory |
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Sister
Concern : |
Ø
Sargam
Electronics Pitampura,
New Delhi – 110034, India |
CAPITAL STRUCTURE
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Capital
Investment : |
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Owned : |
10.000 millions |
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Borrowed : |
-- |
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Total : |
10.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales
Turnover |
170.000 |
160.000 |
180.000 |
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Profit/Loss
for the year |
NA |
NA |
NA |
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Expected Sales for March – 2007 : 200.000 Millions
LOCAL AGENCY FURTHER INFORMATION
The
concern’s product range include :
> T.V.
> Washing Machine
> Refrigerator
> Microware Ovens & other electronic
goods
It neither
imports nor exports.
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
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.44.90 |
|
UK Pound |
1 |
Rs.85.91 |
|
Euro |
1 |
Rs.57.78 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
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PAID-UP
CAPITAL |
1~10 |
6 |
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OPERATING
SCALE |
1~10 |
6 |
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FINANCIAL
CONDITION |
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--BUSINESS
SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT
LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT
POINTS |
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--BANK
CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER
ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT
POINTS |
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--SOLE
DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT
ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER
MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
54 |
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%)
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 |
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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 |
|
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 |
Unfavourable & favourable
factors carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |