MIRA
INFORM REPORT
|
Report Date : |
29.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
SILVERLINE ADVERTISING COMPANY |
|
|
|
|
Registered Office : |
974, 1st Floor, Katra Shafi Street, Teliyan, Tilak Bazar,
New Delhi – 110006 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
1997 |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business : |
Manufacturer, Wholesaler and Supplier of Promotional Gift Items and Fashion
Accessories. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 8000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established concern having satisfactory track.
Proprietor is reported as a young and energetic businessman. Trade relations
are reported as fair. Business is active. Payments are reported as usually
correct and as per commitments. The concern can be considered normal for business at usual trade terms
and conditions. |
LOCATIONS
|
Registered Office : |
974, 1st Floor, Katra Shafi Street, Teliyan, Tilak Bazar,
New Delhi – 110006, India |
|
Tel. No.: |
91-11-65132724 |
|
Mobile No.: |
91-9811142642 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
50 sq. ft. (Three Floors) |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
A-199, Shastri Nagar, New Delhi - 110006 |
|
Area : |
40 sq. mtr. |
|
Location : |
Rented |
|
|
|
|
Factory 2 : |
Anaj Mandi, Filmstan, Delhi - 110006 |
|
Area : |
40 sq. mtr. |
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr. Sachin Gupta |
|
Designation : |
Proprietor |
|
Address : |
974, 1st Floor, Katra Shafi Street, Teliyan, Tilak Bazar,
New Delhi – 110006, India |
|
Date of Birth/Age : |
27 years |
|
Qualification : |
Graduate |
|
Experience : |
5 years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Wholesaler and Supplier of Promotional Gift Items and
Fashion Accessories. |
|
|
|
|
Products : |
|
|
|
|
|
Exports : |
Subject Wanted to Strat Export |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS
Capacity to
increase production by : 100%
GENERAL
INFORMATION
|
Suppliers : |
Own Manufacturing (Purchase of raw material from open market) |
|
|
|
|
Customers : |
|
|
|
|
|
No. of Employees : |
23 (3 – Permanent, 20 – Job Worker) |
|
|
|
|
Bankers : |
United Bank of India, Chandni Chowk, Delhi – 110006 |
|
|
|
|
Facilities : |
Rs.0.900 Million |
|
|
|
|
Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs.2.000 Millions |
|
Borrowed : |
- |
|
Total : |
Rs.2.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
31.03.2007 |
31.03.2006 |
|
Sales Turnover |
|
4.000 |
3.500 |
|
|
|
|
|
|
Profit/Loss for the year |
|
12% |
12% |
|
|
|
|
|
Expected Sales (2007-08) : Rs.12.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Website details:
Established in 1997, They, Subject have stood in the forefront, providing the most
efficient and durable range of promotional gifts and fashion accessories
designed specially to promote and publicize various renowned companies. They
are a well known manufacturer, supplier and wholesaler of a wide range of
products like T-Shirts, Caps, Key Rings, Jackets, Wallets, Purse, Bags, Stepney
Covers, Banners, etc. Their unique range of products are used as part of brand
advertising and promotion of various well known entities like Grasim Industries
Limited, ACC Limited Valvoline Cummins Limited, Big Bazaar, Airtel, Aditya
Birla Group, and many others. Their unique design and long lasting features
make them the ultimate favorite of the masses.
When it comes to quality, there is nothing that beats their
products. They take utmost care to ensure that premium quality products are
delivered to their customers at economical prices and within the stipulated
period of time. They are supported in his endeavor by their wide distribution
network, consisting of a team of professionally trained marketing professionals,
who go to any extent to inform their customers about these products. They
constantly try to understand the needs and requirements of their clients, and
develop the products accordingly. They manufacture about 1 lakh caps, 2 lakh
key rings and 50,000 T-Shirts on a monthly basis. It is due to sincere hard
work and honest business approach that today, they have carved a niche for
their selves in the vast Indian market.
Quality
Assurance
Supreme grade products are being manufactured and supplied at Subject Quality
is the foundation on which the future of their concern rests. Hence, right from
the selection and procurement of raw materials, till the dispatch of the final
products, care is taken to ensure that they are as per their customers'
expectations. Raw materials like fabric, plastics and leather are carefully
sourced from only the most reliable vendors. The products are manufactured very
carefully and under the careful supervision of their expert team of quality
analysts.
Infrastructure
They boast of the finest and robust infrastructure. Subject houses
state-of-the-art machines and employs richly experienced professionals. They
have installed all cutting edge machines like automatic plastic moulding
machines, sewing machines, etc. Consistent upgradation of these machines helps
them to keep them in check for wear and
tear.
A team of highly qualified and well trained designers and
craftsmen create magic with their designs and weaving techniques and capture
the eyes and hearts of their customers almost immediately. With these
efficacious infrastructure, they are on a rapid path of reaching the zenith of
success.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.39.44 |
|
UK Pound |
1 |
Rs.78.93 |
|
Euro |
1 |
Rs.57.69 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
36 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|