MIRA
INFORM REPORT
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Report Date : |
24.08.2007 |
IDENTIFICATION DETAILS
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Name : |
YOGSHA EXPORTS PRIVATE LIMITED |
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Registered Office : |
504 Arpan, Plot No. 39 Sector 21, Kharghar, Navi Mumbai – 410 210, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
24.11.2005 |
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Com. Reg. No.: |
157549 |
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CIN No.: [Company
Identification No.] |
U51900MH2005PTC157549 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMY01778A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter of Cosmetic and Pharmaceutical Packing Materials |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Maximum Credit Limit : |
USD 400 |
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Status : |
New Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Yogsha Export was taken over by the subject company. Trade relations are fair. Payments are usually correct and as per commitments. Directors are experienced and qualified businessmen. Nothing adverse reported. The company can be considered for small to mediocre business dealings at usual trade terms and conditions, initially |
LOCATIONS
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Registered Office: |
504 Arpan, Plot No. 39 Sector 21, Kharghar, Navi Mumbai – 410 210, |
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Factory: |
208, Pujit Plaza, Plot No. 67, Sector 11, Belapu, C. B. D., Navi Mumbai – 400614 |
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Tel. No.: |
91-22-27561538 |
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Fax No.: |
91-22-27561528 |
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E-Mail : |
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Website : |
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Area : |
1100 Sq. ft |
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Location : |
Owned |
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Warehouse: |
Custom |
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Area : |
600 Sq. fts. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Shashank Sharma |
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Designation : |
Director |
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Date of Birth/Age : |
53 Years |
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Qualification : |
Textile Engineer |
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Experience : |
30 Years |
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Name : |
Mrs. Yogmaya Sharma |
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Designation : |
Director |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Cosmetic and Pharmaceutical Packing Materials |
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Products: |
v Perfumes v Nail Polish Bottles v Caps v Jars, Rollens, Samplers |
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Exports : |
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Countries : |
USA, Mexico, Brazil, East Africa, South Africa, Philippines,
Canada, UK, Australia, Ukraine, North and South America |
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Terms : |
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Selling : |
L/C, Cash (Advance Payment) |
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Purchasing : |
L/C, Cash & Credit (30 to 60 days) |
GENERAL INFORMATION
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Customers : |
v
Wholesalers v
End Users |
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No. of Employees : |
20 |
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Bankers : |
Bank of Turbhe Branch, Navi Mumbai, |
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Facilities : |
The company does not enjoy facility from its bankers. |
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Banking Relations
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- |
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Auditors : |
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Name : |
Kamlesh Jain & Associates Chartered Accountant |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10.00 Each |
Rs. 0.100 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10.00 Each |
Rs. 0.100 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
Around 70.000 |
Around 45.000 |
25.000 |
Expected Sales (2007-08): Around Rs. 70.000 millions – Rs. 80.000
millions
LOCAL AGENCY FURTHER INFORMATION
History:
Established year 2000 as Yogsha Exporter
Incarnations as a private limited company on 24.11.2005 and took over the business of Yogsha Exporter from 1st April, 2006
Trade References:
v Gujarat Glass Private Limited , Mumbai -Purchases Department
v Shree Rubber Plast Company Private Limited, Mumbai
Website details attached:
Credentials
Backed by a decade of experience.
Recognized as premier exporters of cosmetics and
perfumery bottles in
Supplies more than four million bottles and caps
per month worldwide.
Quality products and services with minimum lead
time.
Vision
To emerge as a respected Cosmetic care partner with a spirit of continuous innovation, through superior quality and developing the standards of technology with services providing complete customer satisfaction.
Profile
They create effective solutions to the packaging requirements.
Yogsha has it! From Perfume Glass Bottles to Nail Polish Bottles - Glass sampler vials, Cosmetic Plastic and Aluminium closures, Cream Jars and Card boxes.
They offer custom design, proprietary moulds, and custom decoration for single or multi-colored printing if required for glass bottles and on closures. Frosting or color coating and such other process.
They're a dependable team of professionals devoted to
providing you with the ultimate service experience.
For them Standard Achieved is Standard Recognized.
Their Main concern is the prompt implementation of idea.
Complete service, Flexibility and Innovative Product Development will give
customer's products the Comparative Advantage that brands need now a days.
Values
Quality
Transparency
Precision
Value Addition
Customer Satisfaction
Immediate Response
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 40.86 |
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1 |
Rs. 81.62 |
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Euro |
1 |
Rs. 55.38 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
- |
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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 |
NO |
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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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35 |
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. |
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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