MIRA
INFORM REPORT
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Report Date : |
11.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
S RAJA EXPORT PRIVATE LIMITED |
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Registered Office : |
Kadi - Nandasan Road, Kadi, Mehsana 382715, Gujarat |
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Country : |
India |
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Date of Incorporation : |
27.02.2007 |
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Com. Reg. No.: |
050105 |
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CIN No.: [Company
Identification No.] |
U52190GJ2007PTC050105 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AHMS14148B |
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PAN No.: [Permanent
Account No.] |
AAKCS5930N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Exporter of Raw Cotton |
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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new Company and yet to establish its track. No payment records are available. The Company can be considered for any business dealings on safe and
secured trade terms and conditions. |
LOCATIONS
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Registered Office : |
Kadi - Nandasan Road, Kadi, Mehsana 382715, Gujarat, India |
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Tel. No.: |
91-2764-320802/265555 |
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Fax No.: |
91-2764-277477 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. Saurin Parikh |
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Designation : |
Director |
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Mobile No. : |
91-9328833322 |
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Address : |
47, Rajeshwary Society, Thol Road, Kadi 382715, Gujarat, India |
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Date of Birth/Age : |
28.09.1971 |
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Name : |
Mr. Dilipkumar Patel |
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Designation : |
Director |
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Mobile No. : |
91-9825061270 |
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Address : |
71/72, Sirdar Society, Kai 31, Gujarat 382715, India |
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Date of Birth/Age : |
04.05.1962 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Saurin Parikh |
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5000 |
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Mr. Dilipkumar Patel |
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5000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Exporter of Raw Cotton |
GENERAL
INFORMATION
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Bankers : |
Not Available |
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Banking
Relations : |
Unknown |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- 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/- each |
Rs. 0.100 Million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
Note:
No Financials are available as the subject is a new Company.
LOCAL AGENCY
FURTHER INFORMATION
PROFILE
Subject is a joint venture of Raja Industries
and Pashupati Cotton Industries. This is the Largest Producer of SHANKAR - 6
cotton in India. The company enjoys certification from BVC (ISO 9001:2000)
The Companies
operations are ably handled by its directors Mr. Dilip Patel (President -All Gujarat
Cotton Ginners Association)
The company has
achieved continuous upward growth by achieving a turnover of more than Rs. 6000
Millions for the years of 2006-07.
Both the directors are
involved in social activities Like Educational, Health and Banking Sectors.
INDUSTRIES PROFILE
Cotton crop has
considerable influence on Indian economy. It secures livelihood for over 60
million people engaged in various areas related to farming, trade and textile
industry. Cotton is also instrumental in ensuring about 20% of Indian export
earnings.
Ø
They have fully modernized & composite
TMC approved units of Ginning and Pressing.
Ø
Having total no. of 250 Gins.
Ø
The total production capacity is 0.5 Million
bales of 165 Kgs. with a daily production capacity of 2500 bales.
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. 39.38 |
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UK Pound |
1 |
Rs. 80.07 |
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Euro |
1 |
Rs. 57.66 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
1 |
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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 |
- |
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--LEVERAGE |
1~10 |
- |
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--RESERVES |
1~10 |
- |
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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 |
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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4 |
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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