MIRA
INFORM REPORT
|
Report Date : |
04.04.2007 |
RATING &
COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Maximum Credit Limit : |
-- |
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|
|
|
Status : |
Undetermined |
GENERAL
OBSERVATIONS
Notes
- Subject
appears to be no more active in the business. It’s telephone number has
been disconnected or non operational.
- A data base report
on the subject has been enclosed. It was prepared on 14th
November, 2005.
- Our
continuous efforts to get response from the subject failed.
- If more leads
are made available, we shall restart our investigation.
IDENTIFICATION DETAILS
|
Name : |
RUCHIKA MARKETING |
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Registered Office : |
Nivaranpur Ranchi – (Bihar) 834002 |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
2000 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Trader of authorized dealers for Samsung electronic products TV, Refrigerators & also dealers for Sonata Watches. |
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 : |
|
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well – established Samsung dealers for their entertainment electronic & appliances. Proprietor of the concern is reported as experienced, respectable & having satisfactory means of her own. Her trade relations are reported as fair. Payments are usually correct and as per commitments. The concern can be considered normal for business dealings at usual trade terms & conditions. |
LOCATIONS
|
Registered Office : |
Nivaranpur Ranchi – (Bihar) 834002, India |
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Tel. No.: |
91-651-2481608 / 2481870 |
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E-Mail : |
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Area : |
550 Sq.ft |
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Location : |
Owned |
SOLE
PROPRIETOR
|
Name : |
Mrs. Nisha Aggarwal |
|
Designation : |
Proprietor |
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Date of Birth/Age : |
35 Years |
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Qualification : |
Graduate |
BUSINESS
DETAILS
|
Line of Business : |
Trader of authorized dealers for Samsung electronic products TV, & also dealers for Sonata Watches. |
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Agencies Held : |
· Samsung India Limited · Sonata Watches |
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Terms : |
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Selling : |
Cash & Credit (30 days) |
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Purchasing : |
Cash & Credit (15 days) |
GENERAL
INFORMATION
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Customers : |
Wholesalers, Retailers & General Public |
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No. of Employees : |
20 |
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Bankers : |
Punjab National Bank, Sangora Branch, Rachi |
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Facilities : |
- |
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Banking Relations
: |
Satisfactory |
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Auditors : |
S. K. Nayak & Company Chartered Accountant |
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Associates/Subsidiaries : |
They have Hotels and other businesses owned by family members |
CAPITAL
STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 5.000 Millions |
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Borrowed : |
- |
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Total : |
Rs. 5.000 Millions |
FINANCIAL
DATA
[all
figures are in Rupees Millions]
|
Particulars |
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
Sales Turnover |
200.000 |
150.000 |
120.000 |
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|
|
|
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Profit/Loss for the year |
400.000 |
320.000 |
250.000 |
LOCAL AGENCY
FURTHER INFORMATION
Nil
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.43.15 |
|
UK Pound |
1 |
Rs.85.22 |
|
Euro |
1 |
Rs.57.63 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
YES |
|
--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%)
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. |
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 |
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