MIRA
INFORM REPORT
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Report Date : |
06.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
MADHAV COTTON INDUSTRIES |
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Registered Office : |
Sarve No. 191, N H -8, Near Orchev Pharma, Veraval (Shapar) District
Rajkot – 360030, Gujarat |
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Country : |
India |
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Line of Business : |
Manufacturer and Exporter of cotton bales (raw), cotton seeds, etc |
RATING &
COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Unknown |
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Payment Behaviour : |
Unknown |
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Comments : |
One Mr. Kartik (Junior MD) declined business and financial details on
the ground that subject has no import / export business at present. The concern is unknown to the consulted trade and business circles. In view of the aforesaid, it would be difficult to determine current
status of the concern. |
LOCATIONS
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Registered Office : |
Sarve No. 191, N H -8, Near Orchev Pharma, Veraval (Shapar) District
Rajkot – 360030, Gujarat, India |
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Tel. No.: |
91-2827-252270 |
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Mobile No.: |
91-9825552481 |
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Fax No.: |
91-2827-252548 |
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E-Mail : |
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Website : |
KEY EXECUTIVES
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Name : |
Mr. Kartik |
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Designation : |
Junior Managing Director |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of cotton bales (raw), cotton seeds |
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Products : |
Cotton Seed |
GENERAL
INFORMATION
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Bankers : |
Not Available |
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Banking Relations
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Unknown |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
N.A. |
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Borrowed : |
N.A. |
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Total : |
N.A. |
LOCAL AGENCY
FURTHER INFORMATION
Profile:
Welcome to home of india`s leading manufacturer and exporter
of cotton bales. Timely, fast and convenient marketing, they have their own ginning
and pressing factory located at veraval(Shapar) (Dist - Rajkot).They have been
experimenting with their products to innovate and produce solution that are in
accord with customer’s specification
With 50 yers of experience , They have created benchmark with their range of
quality cotton bales
Subject have a good market share and track record in cotton bales industries.
They are pioneer in raw cotton bcoz we only focus on provide high quality
cotton bales.
Their vision is to be the market leader in the manufacturing
of superior quality raw cotton Bales through innovation as well as successfully
meeting client's need and requirement.
Products
of Subject :: Raw Coton Bales :
They manufacture and export raw cotton bales, Subject is
located at veraval(Shapar) dist. Rajkot, gujarat. india . They have fully
automatic ginning and pressing unit. They have a good storage capacity of raw
cotton bales. They have a good reputation over local market in India, They are
looking for expand our market in all over the world, buyers from around the
globe for welcome to business inquiry. They are supplying export packing cotton
bales.
Product
Specification ::
PEDIGREE : G.Dot.100(G.hirs.) X G.Cot.10(G.hirs.)
DURATION: Sown in the month of June-July and is ready
for picking in November and may extend
upto february
FIBRE PROPERTIES:
(a) 2.5% Span Length : 27.5 to 29.5 mm
(b) Micronaire : 3.5 to
4.9
(c) Bundle Strength :
(1) 1000 lbs./sq.inch : 85
to 96
(2) 1/8" gauge- g/tex
: 21 to 23(ICC )
COMPARABLE FOREIGN GROWTH : U.S.Fibre
Max/Acala,W.African,Australian,Brazilian,Tanz anian,Syrian.
GENERAL REMARKS: Shankar-6 is cultivated in an area of
4.4million acres in our state of Gujarat.It is in great
Demand by the textile
industrial India, China, Pakisthan and Bangladesh.
Preferred
Sell Terms : .
- Weights net shipped weight certified by any internationally recognized controller final.
- Payment by irrevocable confirmed Letter of Credit in U S Dollars.
- Pre-shipment inspection at buyer’s option.
- Order should in multiples of 50 bales (approx 165kgs) for road and in multiples of 150 bales for sea.
- Shipment against sight L/C, however if confirmed byf class bank can allow usance with interest.
- Quality Inspection at spot final.
- Arbitration by east India cotton association, Mumbai
Products
: Cotton Seed : .
Subject also exports by-products cotton seeds with good
quality of cotton seeds. they welcome to all global and domestic customer for
inquiry both cotton seeds and cotton bales
Infrasturcture
The manufacturing unit of subject is equipped with advanced
machinery which enables processing and pressing of cotton bales with quality. Their
unit is Approved 100% fully automatec unit by textile ministry of india.
The entire infrastructural set up is backed by the team of experts. The
manpower of their organization comprises of industry experts and pool of
workers. Being aware of various intricacies of the cotton bales, their range of
cotton bales of international quality. Experts co-ordinate with each other to
deliver best quality raw cotton to their customer.
Quality
Policy
Quality of their products are the focus point to building
trust that their customers have in us. Throughout their history, they have been
dedicated to deliver high-quality products. They lay special emphasis on the
quality factor.
Subject is run by highly qualified and experienced staff in all fields of
merchandising, quality control, quality assurance, production, shipping. They
have been dealing and maintaining excellent business relationship with many
customer in india and a all over the Globe.
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.39.45 |
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UK Pound |
1 |
Rs.81.12 |
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Euro |
1 |
Rs.58.20 |
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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