MIRA
INFORM REPORT
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Report Date : |
04.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
JEYARAJ XAVIER |
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Registered Office : |
457 Bharathy Street, Pondicherry 605 001, Tamil Nadu |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1995 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Subject is a multi-commodity sourcing Agent |
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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Status : |
Small Concern |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small Proprietory concern who acts as sourcing agents. Trade
relations are fair. Payments are usually correct and as per commitments.
Nothing adverse reported. However, scale of operation is limited. The concern can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
457 Bharathy Street, Pondicherry 605 001, Tamil Nadu, India (
Residence ) |
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Tel. No.: |
91-413-4210332/ 4200940/ 4201796 ( R ) |
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Fax No.: |
91-413-2225766 |
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E-Mail : |
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Website: |
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Corporate Office: |
53 La Portt Street, Pondicherry – 605 001, Tamil Nadu, India |
SOLE PROPRIETOR
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Name : |
Mr. Jeyaraj Xavier |
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Designation : |
Proprietor |
BUSINESS DETAILS
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Line of Business : |
Subject is a multi-commodity sourcing Agent |
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Products : |
v Gold v Urea v Cement v HMS scraps v Used Rails v D2 oil v Crude oil v Sugar v Spices v Cocoa v Rice v Wheat v Soya Products |
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Brand Names : |
v Gold v Urea v Cement v HMS scraps v Used Rails v D2 oil v Crude oil v Sugar v Spices v Cocoa v Rice v Wheat v Soya Products v Cut and Rough Diamonds v Gems v Slag Cement v White Cement v Jet Fuel v Bank Instruments v BPO Services – Set up and Start up v Translation
Services |
PRODUCTION STATUS
No production activities only trading
GENERAL
INFORMATION
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No. of Employees : |
5 |
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Bankers : |
Indian Overseas Bank, Pondicherry, Tamil Nadu, India |
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Banking
Relations : |
- |
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Associates/Subsidiaries : |
Raghavan Associates, Chennai, India |
CAPITAL STRUCTURE
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Capital Investment : |
Not Available |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
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Sales Turnover |
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5.000 |
LOCAL AGENCY
FURTHER INFORMATION
Note:
53 La Portt Street, Pondicherry – 605 001,
Tamil Nadu, India
The addresses - 59 Sankardase Street has
changed and please do not correspond to that address.
The office at La Portt is the latest address
and this he shares with another friend of his who does HR consultancy work.
Profile:
Jeyaraj Xavier
A Proprietorship firm run by Mr. Jeyaraj
Xavier, the firm was established in 1985. Mr. Jeyaraj is a multi-commodity
sourcing agent. He sources various items. He operates from his office and
residence in Pondicherry. He lists himself under various trade leads. In the
products column of this report you can see the list of items he deals in. He
works with periodically updated, active database of tested and verified buyers,
Sellers and intermediaries from across the globe. LCs is opened by the
exporters on the other end.
Apart from the above sourcing activity he does
translation jobs (free lance) from French to English. He has also helped for
the set up of BPO. Mr. Jeyaraj is a multi faceted personality and his
experience and initiative helps him to offer any type of service to the
residents of Pondicherry and elsewhere.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 39.43 |
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UK Pound |
1 |
Rs. 81.35 |
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Euro |
1 |
Rs. 57.83 |
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 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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 |
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 |
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37 |
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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