MIRA
INFORM REPORT
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Report Date : |
13.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
TRIUGA
OVERSEAS |
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Registered Office : |
H
307/3, Vardhman Plaza Tower, Netaji Subhash Place, Pitampura, New Delhi -
110034 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
2003 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELT06130F |
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PAN No.: [Permanent
Account No.] |
AADFT4276A |
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Legal Form : |
Partnership
concern with an unlimited liability of the partners. |
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Line of Business : |
Suppliers
and Exporters of cosmetics and toiletries like herbal creams, Herbal Shampoo,
boro aur neem, boro aur natural oils, boroaur calendula, boro aur aloe cream,
herbal heena shampoo, herbal tulsi shampoo and herbal amla shampoo. The
concern also started imports of building reflective glass and plywood from
china since last a months. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD
30000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a small company having satisfactory track. Trade relations are fair.
Payments are usually correct and as per commitments. The
concern can be considered for small to mediocre business dealings at usual
trade terms and conditions |
LOCATIONS
|
Registered Office : |
H
307/3, Vardhman Plaza Tower, Netaji Subhash Place, Pitampura, New Delhi -
110034, India |
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Tel. No.: |
91-11-42474145 |
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Mobile No.: |
91-9310307145 |
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Fax No.: |
91-11-27010245 |
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E-Mail : |
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Website : |
http://www.indiamart.com/triugaoverseas
[Can’t open] |
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Area : |
300
sq. ft. |
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Location : |
Owned |
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Warehouse
: |
Mundaka,
Nangloi, Delhi |
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Area : |
1000
Sq. ft. |
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Location : |
Rented
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PARTNERS
|
Name : |
Mr.
Sushil Kumar Jain |
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Designation : |
Partner
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Date of Birth/Age : |
48
Years |
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Qualification : |
B.
Com., Diploma in Management |
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Experience : |
25
Years |
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Name : |
Mr.
Jugal Kejriwal |
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Designation : |
Partner
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Date of Birth/Age : |
49
Years |
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Qualification : |
B.A. |
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Experience : |
30
Years |
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Name : |
Mr.
Nikhil Jain |
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Designation : |
Partner
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Date of Birth/Age : |
24
Years |
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Qualification : |
B.E. |
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Experience : |
1
Years |
BUSINESS DETAILS
|
Line of Business : |
Suppliers
and Exporters of cosmetics and toiletries like herbal creams, herbal shampoo,
boro aur neem, boro aur natural oils, boroaur calendula, boro aur aloe cream,
herbal heena shampoo, herbal tulsi shampoo and herbal amla shampoo. The
concern also started imports of building reflective glass and plywood from
china since last a months. |
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Products : |
Antiseptic
Creams, Herbal Turmeric Cream, Herbal Creams, Boro Aur Cream and Herbal
Shampoo. |
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Exports to : |
Cosmetics
to Ukrain and recently started to Nigeria
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Imports from : |
Building
reflective glass and plywood from China |
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Terms : |
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Selling : |
Credit
[30 days] |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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No. of Employees : |
5 |
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Bankers : |
UTI
Bank Limited, Pitampura Branch, New Delhi |
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Facilities : |
The
concerns do not enjoy any bank facility from its bankers. |
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Banking Relations : |
-- |
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Auditors : |
Suresh
Kumar and Associates Chartered
Accountants Subhash
Palace, Pitampura, New Delhi |
CAPITAL STRUCTURE
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Capital
Investment : |
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Owned : |
Rs.
8.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs.
8.000 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
|
Particulars |
|
|
31.03.2006 |
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Sales Turnover |
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|
6.000 |
Expected
Sales Turnover for March 2007 Rs. 20.000 Millions
[Imports
: Rs. 15 Millions and Exports : Rs. 5 Millions]
LOCAL AGENCY
FURTHER INFORMATION
They
claimed imports of 20 containers per month form China. They are reducing
cosmetics activity and planning for more imports.
Trade Reference
- Surya Herbals Limited, Noida
Mr. Sethia - 91-9811098821
[O] 22586476
- Agarwal Glass Agencies,
Pathankot
- Agarwal Glass House,
Ludhiana
- Standard Glass House,
Lucknow
- Jain Plywood Company,
Chandigarh
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.44.61 |
|
UK
Pound |
1 |
Rs.86.80 |
|
Euro |
1 |
Rs. 57.54 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
|
45 |
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 |
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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 |
|
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/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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