MIRA
INFORM REPORT
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Report Date : |
09.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
RUP
INTERNATIONAL |
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Registered Office : |
J1/43,
D D A Flats, Kalkaji, New Delhi -110019 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1982 |
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Legal Form : |
Sole
Proprietory Concern |
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Line of Business : |
Manufacture
and Export of a wide variety of India Spices, Fruits, Vegetables and Basmati
Rice |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable
to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD
150000 |
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Status : |
Good |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
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Comments : |
Subject
is a well established concern having satisfactory track. Trade relations are
fair. The concern is doing well. It’s payments are usually correct and as per
commitments. Nothing adverse reported. The
concern can be considered good for normal business dealings at usual trade
terms and conditions. |
LOCATIONS
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Registered Office : |
J1/43,
D D A Flats, Kalkaji, New Delhi -110019, India |
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Tel. No.: |
91-11-65145808
/ 26024275 |
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Mobile No.: |
91-9899122888 |
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Fax No.: |
91-11-26024275 |
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E-Mail : |
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Website : |
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Area : |
600
sq. ft. |
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Location : |
Owned |
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Factory : |
In
Amritsar Having Two Factories One in
2 Ackers Second
in 1.5 Ackers |
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Branches
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Lucknow A-6,
Balda Colony, Nishat Ganj, Lucknow, Uttar Pradesh Location : Owned Mobile
No.: 91-9899122888 Mayssor 1111
GSG Arched, Udayvava Road, Mayssor Location : Owned E-Mail
: raj_solani@yahoo.com United
Kingdom Rup
International Inc. Marbal
Arch, London Wih 7 A. P., United Kingdom Location : Owned Registered
In U. K. No. 2834871 Tel
No.: 207-723-2056 / 207-723-2116 Fax
No. : 207-723-2059 E-Mail
: rajmahalbasmati@yahoo.co.uk
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SOLE PROPRIETOR
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Name : |
Dr. Raj
Kumar Solani |
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Designation : |
Proprietor
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Mobile No.: |
91-9899122888 |
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Date of Birth/Age : |
38
Years |
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Qualification : |
Doctorate
In Agriculture |
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Experience : |
14
Years |
BUSINESS DETAILS
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Line of Business : |
Manufacture
and Export of a wide variety of India Spices, Fruits, Vegetables and Basmati
Rice |
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Products : |
Vegetable : Dried
vegetable, frozen vegetable, cabbage, potatoes, tomatoes, dehydrated
vegetable, fresh vegetable, onion, canned vegetable, ready to ear vegetable Fruits : Frozen
tropical fruit, tropical fruits, dried fruits, fresh fruits, fresh fruits,
hygienic fruits, healthy fruits, vitamin fruits, pulp fruits, riped fruits,
fruit nuts, juicy fruits, spice, spicy foods Spices : Pepper,
cardamom, ginger, cumin seeds, spice preparations, dry chilli, coriander,
turmeric spices, Indian spices, cooking spices pulses, food grains, oil
seeds, sesame sees, oil herbs spices Rice : Basmati
rice, ponni rice, fragrant rice, golden parboiled rice, brown basmati rice Soya
Been Pickles |
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Brand Name : |
“Rajmahal
Basmati Rice” |
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Exports to : |
Europe,
Far East Asia, South Africa, Middle East, United State of America, United
Kingdom, UAE and Australia |
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Terms : |
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Selling : |
L/C,
DA, DP and upto 3 months Credit |
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Purchasing : |
L/C,
DA and DP Local
Purchase : Cash or 15 days Credit to 3 months |
PRODUCTION
STATUS
Actual
Production : 100 Tones per day
GENERAL
INFORMATION
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Customers : |
Abdul
Azim – Saudi Arabia Al Bin
Bashir – Dubai Invoation
Al – UK |
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No. of Employees : |
150 |
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Bankers : |
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Facilities : |
The
concern enjoys some bank facility from its bankers but never use it. |
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Banking Relations : |
Satisfactory
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Associates/Subsidiaries : |
United
Kingdom Rup International
Inc. Marbal
Arch, London Wih 7 A. P., United Kingdom Location : Owned Registered
In U. K. No. 2834871 Tel
No.: 207-723-2056 / 207-723-2116 Fax
No. : 207-723-2059 E-Mail
: rajmahalbasmati@yahoo.co.uk |
CAPITAL STRUCTURE
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Capital
Investment : |
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Owned : |
Rs.
40.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs.
40.000 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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1500.000 |
1350.000 |
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Sales
Turnover Expected in March 2008 Rs. 1800.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Recognized on a Star Trading House, by the Ministry of Commerce, Government
of India on amongst few in the country.
As Per Website
With
uncompromising endeavor towards customer satisfaction, they, "Rup International", were
established in the year 1982. With traditional aroma and mouth-watering products,
ethical business principles, ability to meet bulk orders in the least lead time
and competitive prices, they have further established their selves as one
of the most accomplished manufacturers and exporters of Agriculture Products
such as Rice, Basmati Rice, Non-Basmati
Rice, Pickles, Fruits, Vegetables and Spices. They endeavor to
manufacture high quality products that are delivered within the stipulated time
to their customers. Their brand "Rajmahal Basmati Rice" has become
the world's most consumed Basmati brand. Their Basmati rice perfectly carries
the natural flavour of India with its finely polished long grains. They have a
dedicated R&D department for the farmers and millers that look after the
enhancement of nutritious values, taste and quality of their products. Their
products are highly appreciated worldwide and find space in major super market
chains in USA, UK, Europe, UAE and
Australia.
Product
Range
They
have installed all the latest equipments and state-of-the-art techniques to
maintain the quality of the products. They procure and produce only genuine
products. They source the best of food products that speak of indigenous taste
and flavor.
Quality
Parameters
Quality
and customer satisfaction are the foundation stone of their company. Right from
the selection of seeds to the dispatch of final products, they take great care
so that only the best quality reaches the market. At all the level of their
business, they ensure that hygiene and quality of their product is maintained
at the maximum. They also lay great emphasis on packaging so that no chances
are taken to compromise with the quality. They have a dedicated and committed
quality control team that constantly monitor each process at every stage of
operation.
Their Team
For them team means:
T-Technology with time
E-Efficient with effort
A- Achievement of activities with aroma
M-Management with morality
Their
team comprises of highly dedicated and trained professionals to perform various
functions such as purchase, processing, quality control, packaging, accounts,
etc. These professionals are best in the industry and strive to achieve
perfection in all aspects of their fields of work.
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Company Profile |
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Business Type |
Exporter , Manufacturer , Supplier |
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Capital in Dollars |
US $ 10-15 Million |
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Primary Competitive Advantages |
Timely Delivery and Cost Effective Products
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Sales Volume |
Rs. 3 Billion |
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Monthly Production Capacity |
5,00,000 M.T |
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Product Range |
Rice, Basmati Rice, Non-Basmati Rice, Pickles, Fruits, Vegetable
and Spices |
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
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Indian Rupees |
|
US
Dollar |
1 |
Rs.44.06 |
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UK
Pound |
1 |
Rs.86.34 |
|
Euro |
1 |
Rs.57.46 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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 |
YES |
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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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54 |
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 |
|
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/normal. |
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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