MIRA
INFORM REPORT
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Report Date : |
06.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
IMPERIAL EXPORT HOUSE |
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Registered Office : |
109, Vardhman Plaza Tower, H-3, Netaji Subhash Palace, Pitampura,
Delhi – 110 034 |
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Country : |
India |
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Date of Incorporation : |
September 2007 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Traders and Exporters of Handicrafts, Novelty Items, Incense Sticks
and Costume Jewellery. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Maximum Credit Limit : |
USD 4000 |
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Status : |
New Concern |
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Payment Behaviour : |
No experience so far |
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Litigation : |
Clear |
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Comments : |
Subject is a new concern and yet to register Sales. No payment are
available. Initially, the concern can be considered for any business dealings on safe
and secured trade terms and conditions. |
LOCATIONS
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Registered Office : |
109, Vardhman Plaza Tower, H-3, Netaji Subhash Palace, Pitampura,
Delhi – 110 034, India |
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Tel. No.: |
91-11-42470206/ 65154406 |
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Mobile No.: |
91-9810158969 |
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Fax No.: |
91-11-27352924 |
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E-Mail : |
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Website : |
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Area : |
300 sq. ft. |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Amit Gupta |
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Designation : |
Proprietor |
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Date of Birth/Age : |
34 years |
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Qualification : |
Graduate |
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Experience : |
11 years |
BUSINESS DETAILS
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Line of Business : |
Traders and Exporters of Handicrafts, Novelty Items, Incense Sticks and
Costume Jewellery. |
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Products : |
v Perfumes and
Fragrances v Incense and
Agarbatti v Imitation
Jewellery v Kitchenware v Brassware and
Brass Handicrafts v Home Furnishings v Jewellery |
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Exports : |
Subject wants to start exports |
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Terms : |
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Selling : |
L/C, Cash or Credit |
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Purchasing : |
Cash or Credit |
GENERAL
INFORMATION
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No. of Employees : |
4 |
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Bankers : |
HSBC Bank, New Delhi, India |
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Banking
Relations : |
- |
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Associates/Subsidiaries : |
Imperial Lab Equipments Private Limited |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.000 Million |
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Borrowed : |
- |
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Total : |
Rs. 1.000 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
New Company
LOCAL AGENCY FURTHER
INFORMATION
About Sister
Company:
Imperial Lab Equipments Private Limited
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CIN: U33125DL2003PTC123493 |
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Com. Reg. No.: 123493 |
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Authorised Capital: Rs. 0.100 Million |
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Paid Up Capital: Rs. 0.100 Million |
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STO: Rs. 10.000 Millions |
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Activities: Manufacturing and Exporting
Quality Testing Machines Concrete Testing Machines, Cement, Lime,
Plaster and Mortar Testing machines, Soil Testing Machines, Rock Testing
Machines, Geotextile Testing Machines Paint, Petroleum and Bitumen Testing machines
other Miscellaneous Testing Machines.
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Website Details Attached:
Profile:
Subject is formed by a group of enthusiastic individuals, who specialize in managing all essential aspects of the entire export chain with dedication, professionalism, integrity and passion for excellence.
Subject is committed to adapt its services to meet the needs of its buyers
through supplying, quality merchandise with the most comprehensive defined
quality threshold, on-time delivery; and the highest standards of services.
Subject strives to uphold the reputation for providing the customer with
professional and entrusted services.
Their Products:
They specialize in wide range of products in following categories:
v Handicrafts: Picture Frames, Lamps, Rugs, Candles & Lanterns, Candle holders, Curtains, Table mats, Table covers, Bed Spreads, Door mats
v Home Furnishing: Soft Beds, Chairs, Tables, Chests and Drawers
v Agro Products: Incense Sticks, Incense Cones, Attar, Aroma Oils
v Gifts & Novelties: Premium and Novelty items.
v Garments: All types of Scientific & Lab Testing Equipments
v Gems & Jewellery
Quality:
They are well established and known for their high quality standards and reliable services. Their long experience and background in the industry gives they access to the best of experienced and reputed manufacturer vendors. Their well trained and professional team close monitors progress of all programs on daily basis to keep a watch and maintain high standards of quality product output. Such environment of working provides value for money to the customer at competitive prices and timely deliveries.
Infrastructure:
The main thrust of their company is to establish long term business relation for mutual growth and expansion with the companies that value quality & reliability. They are already catering to highly challenging and quality conscious customers from America, Canada, South America, Europe, Eastern Europe, and Middle-East….
Their Products:
Presenting a bouquet of products ranging from handcrafted items to agro products and garments etc all their products are made of finest quality raw materials having a perfect finish. Have a look of their product gallery:
They offer a wide range of handicrafts items in which each and every single item is a masterpiece of craftsmanship. Their artifacts are available in a variety of materials offering best value for money. You can choose from the choicest range of original handcrafted items, which are crafted by master craftsmen from various regions of the country.
They offer the complete range of home furnishings, which are a perfect blend of traditional yet contemporary designs and patterns. Their range of products include bedspreads, curtains, rugs, durries, carpets, and placemats, cushion covers, table covers, linen, kitchen accessories, made-ups and bath linens etc.
Their range of agro products includes a number of items, which are absolutely free from chemicals and additives.
Processed and packaged hygienically, all their products are safe for consumption. Available in various quantities, their products offer best value for money.
They offer an exclusive range of gift items and novelties made of various raw materials like iron, brass, silver, wood and many more. Their range of products features intricate detailing and impeccable finish that make them a perfect gift and home decor items.
They offer an exclusive range of beautiful garments for everyone men, women and kids of all age groups. Perfect cut and impeccable stitching are the hallmark of their garments. Their range of garments is available in eye catching colours and designs and that too in most affordable prices.
Their gems and jewelry are reflecting the centuries old tradition of jewelry making yet they are contemporary in design. Their range of jewelry includes bangles, earrings, necklaces, rings and many more. They offer jewelries, which have ethnic patterns, with intricate motifs, much in demand for their absorbing styles.
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. 39.47 |
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UK Pound |
1 |
Rs. 80.09 |
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Euro |
1 |
Rs. 57.65 |
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 |
1 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
1 |
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--LEVERAGE |
1~10 |
1 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
1 |
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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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6 |
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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