MIRA
INFORM REPORT
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Report Date : |
01.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
KAM IMPEX TRADING |
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Registered Office : |
37-70/11/1/2/, J J Nagar, Sainikpuri Post, Hyderabad – 500094, Andhra
Pradesh |
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Country : |
India |
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Financials (as on) : |
30.11.2007 |
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Date of Incorporation : |
January, 2007 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners |
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Line of Business : |
Manufacturer, Exporter, Importer and Supplier of Auto Accessories |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 3200 |
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Status : |
New Concern |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a new concern. Its trade relations are reported as fair. No
payment are available. The concern can be considered for small to mediocre business dealings
on safe and secured trade terms and conditions. |
LOCATIONS
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Registered Office : |
37-70/11/1/2/, J J Nagar, Sainikpuri Post, Hyderabad – 500094, Andhra
Pradesh, India |
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Tel. No.: |
91-40-27111342 |
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Mobile No.: |
91-9391136812 / 9381084028 |
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Fax No.: |
91-40-27111342 |
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E-Mail : |
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Website : |
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Area : |
120 sq. yards [Owned] |
PARTNERS
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Name : |
Mr. Muthu Ram Krishnan |
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Designation : |
Partner |
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Date of Birth/Age : |
49 Years |
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Qualification : |
MBA, Automobile Engineer |
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Experience : |
25 Years |
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Name : |
Ms. R. Sudhavathi |
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Designation : |
Partner |
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Date of Birth/Age : |
45 Years |
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Qualification : |
Graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter, Importer and Supplier of Auto Accessories |
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Products : |
·
Air Compressors ·
Vacuum Cleaners ·
Car Mats ·
Seat Covers ·
Seat Cushions ·
Steering Wheel Covers ·
Wheel Covers ·
Mufflers |
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Exports : |
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Countries : |
UAE, South Asia Countries, Saudi Arabia, Australia and UK |
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Imports : |
Raw Materials – China, Singapore, Malaysia and Some from Italy Finished Goods – Thailand, Korea and Taiwan |
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Terms : |
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Selling : |
L/C, Cash, Credit [30 days], at Sight and 20 % CAD T/T |
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Purchasing : |
Cash, Credit [30 days] and T/T |
GENERAL
INFORMATION
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Customers : |
Distributors and Dealers |
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No. of Employees : |
12 |
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Bankers : |
Syndicate Bank M. G. Road Branch, Secunderabad |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Anantrao and Company Chartered Accountants |
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Address : |
Hyderabad |
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Associates/Subsidiaries : |
Kam International Trading Chennai Manufacturers of Readymade Garments |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.800 Million |
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Borrowed : |
-- |
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Total : |
Rs. 0.800 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.01.2007 to
30.11.2007 |
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Sales Turnover |
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2.500 |
Expected Sales (2007-08) : Rs.10.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference
- Car Palace, Vijaywada
- Car Singar Decoration, Hyderabad
- Car Galaxy, Hyderabad
As Per Website
Profile
Car accessories
enhance and accentuate the appearance of the vehicle, and add to its features.
Companies providing these accessories have mushroomed everywhere, and there
exists stiff competition in the market. Despite all odds, subject is slowly
trying to make its presence felt in the market. A budding firm, incepted in the
year 2007, they are growing each day, with sheer hard work and dedication. The
company is a progressive manufacturer, exporter, importer and supplier of
a gamut of products, which include Air Compressors, Vacuum Cleaners, Car Mats,
Seat Covers, Seat Cushions, Steering Wheel Covers, Wheel Covers, Mufflers and
other related products. These products find wide application in the automobile
industry.
Quality is guaranteed in their organization and all necessary steps are taken
to ensure 100% customer satisfaction. They realize the value of their
prestigious customers' time and money, and therefore their products are
delivered to them on time and at the most competitive prices in the industry. The
after sales services offered by them have been greatly appreciated. Their
growth rate can be judged by their sales volume, which ranges from Rs one
million to twenty five million. Their products have been highly appreciated not
only in India but across the world. They export to a number of countries in UAE
and South Asia. They also import some of their products from China, Singapore
and Malaysia.
Product Range
Subject is recognized as a promising manufacturer and supplier of a range of
car parts and car accessories.
Quality Assurance
Quality products are essential to keep themselves in the good books of their
clients and to keep them coming back. At subject, quality is a hallmark and is
strictly adhered to under all circumstances. To make sure that only quality
stuff is manufactured, stringent quality checks are incorporated at all levels,
right from the stage of production till the time the finished products are
dispatched for sale in the market.
The raw
materials used in the production of the goods are of the highest grade and are
purchased from select suppliers, who have a good name in the market. The final
produce is put through a series of tough tests to determine their strength and
performance. They come with a warranty of a couple of years. All the tests and
checks carried out by expert engineers and are in accordance to the national
and international quality norms. Their entire product range come with a due
approval from International Electrotechnical Commission (I.E.C.).
Infrastructure
Equipped with a world class infrastructural facility, subject has all it takes
to become a market leader. They are outfitted with all the state-of-the-art
machinery which are low on the operational cost. Their firm updates these
machines from time to time to keep them at par with the changing technologies.
They are backed by a dexterous and experienced staff of professionals, who work
proficiently to take the company to new heights. An alert research and
development department keeps track of all the latest technological
advancements, and designs products according to customer requirements.
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.39.67 |
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UK Pound |
1 |
Rs.81.78 |
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Euro |
1 |
Rs.58.46 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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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18 |
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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