MIRA
INFORM REPORT
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Report Date : |
17.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
INDIRA EXPO INTERNATIONAL |
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Registered Office : |
M – 47, Lajpat Nagar II, New Delhi – 110024 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1984 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners |
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Line of Business : |
Manufacturer, Importer, Exporter, Dealer and Commission Agents of
Premium Quality Garments, Garment Accessories and Home Textile
Furnishing |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 80000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well – established and reputed concern having
satisfactory track. Partners are reported as experienced and respectable
businessmen. Trade relations are reported as fair. Business is active. Payments
are usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
M – 47, Lajpat Nagar II, New Delhi – 110024 |
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Tel. No.: |
91-11-41727124/29840856/29814192 |
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Fax No.: |
91-11-41727877/29810515 |
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E-Mail : |
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Website : |
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Area : |
150 Sq. ft |
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Location : |
Owned |
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Sales Office: |
G-13&14,Lajpat Nagar Part-1, New Delhi
110 024, India Fax: 91-11-29840856 |
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Factory 1 : |
2/62, Sahebganj Naraindas, Sadhwara Street, Farrukhabad - 209625 Uttar
Pradesh |
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Area : |
450 Sq. ft |
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Location : |
Owned |
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Fabric Processing Unit: |
203, Manglam Apartment, Shetranjiwad, Begampura, Surat – 395003,
Gujarat |
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Area : |
300 Sq. ft |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Satiesh Sadh |
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Designation : |
Partner |
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Date of Birth/Age : |
54 Years |
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Qualification : |
Graduate |
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Experience : |
30 Years |
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Name : |
Mr. Navnet Sadh |
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Designation : |
Partner |
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Date of Birth/Age : |
42 Years |
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Qualification : |
Graduate |
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Experience : |
25 Years |
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Name : |
Mr. K K Sadh |
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Designation : |
Partner |
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Date of Birth/Age : |
25 Years |
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Qualification : |
MBA |
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Experience : |
3 Yeas |
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Mobile No.: |
91-9810174217 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Importer, Exporter, Dealer and Commission Agents of
Premium Quality Garments, Garment Accessories and Home Textile
Furnishing |
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Products : |
Ladies Blouse
Bandanas
Beach Pareos
Triangulars
Fashion Belts
Wrap Skirts
Stoles
Shawls
Scarves
Cushion Covers
Curtains
Fashion Bags
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Exports : |
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Countries : |
Germany, France, UK, Japan, Spain, Turkey and USA (above 20 countries) |
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Terms : |
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Selling : |
L/C, D/A & DP – All Credit of 90 days |
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Purchasing : |
L/C, D/A & DP – Cash or up 45 days Credit |
PRODUCTION STATUS
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Particulars |
Unit |
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Installed
Capacity |
Actual
Production |
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Premium Quality Garments, Garment Accessories and Home Textile
Furnishing |
Pcs |
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100,000 |
40,000 |
GENERAL
INFORMATION
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No. of Employees : |
150 |
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Bankers : |
American Express, C. Place, New Delhi – 110001 |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
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Memberships : |
v Textile Exports
Promotion Council v Apparel Export
Promotion Council v Export Promotion
Council of Handicrafts |
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Associates/Subsidiaries : |
A S Textile M – 47, Lajpat Nagar II, New Delhi – 110024 Line of Business - Manufacturer, Importer, Exporter, Dealer and
Commission Agents of Premium Quality Garments, Garment Accessories and Home
Textile Furnishing Sale Turnover – Rs. 90.000 Million Employees – 45 |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 20.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 20.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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115.000 |
110.000 |
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Profit/(Loss) Before Tax |
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12% |
NA |
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Provision for Taxation |
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- |
- |
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Profit/(Loss) After Tax |
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8% |
NA |
Expected Sales (2007-08) : Rs. 25.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE
DETAILS
Profile
With a
passion for quality and creativity, Indira Expo
International has carved a niche for itself in the global
village. The company has earned a remarkable reputation as a Manufacturer and Exporter of premium quality
Garments, Garment Accessories and Home Textile Furnishings. They are
the fourth generation engaged in the same trade and they exploit
their in-depth knowledge to the advantage of their clients. They are
well armed to satisfy bulk
orders. Quality products at competitive prices and on-schedule
delivery are their forte. With these goals and the corporate values
of integrity and honesty, they have grown in leaps and bounds Today
they enjoy a prominent position in the global market With their major
innovations in market they offer good quality with controlled and
ambitious production units to stay focused in their programmed
efforts.
THEIR PROGRAMMED EFFORTS
They
respond constantly to the changing
trends offering varieties with all kinds of innovative fabric support
that is feasible for you. They ensure and maintain quick delivery schedules offering their best efforts to
leave
all the valued concerns for us, making the products reach the markets
on time, They are very optimistic to
maintain a mutually profiting business relationship.
REGISTERED AND CERTIFIED UNDER
Textile Export Promotion Council RN NO TEXPROCIL/26478
Apparel Export Promotion Council RN NO AEPC/REG/MEM/51365
Export Promotion Council of Handicrafts RN NO EPCH/MEM/20313
Importer Exporter Certificate IEC NO. 0502022027
ASSURING QUALITY
They
have strict procedures and quality
control measures for all their products. Trained manpower and
master
craftsmen ensure that the products conform to their high quality
standards. The production unit is upgraded
regularly to stay in touch with the latest
technology and to adopt the latest and improved techniques.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.15 |
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UK Pound |
1 |
Rs.84.38 |
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Euro |
1 |
Rs.57.22 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
YES |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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46 |
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 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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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