MIRA
INFORM REPORT
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Report Date : |
23.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
DAISY IMPEX AND TRADING COMPANY |
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Registered Office : |
145 Jagat Nagar, Opposite Sharma Medical Hall, Jassian
Road, Haibowal Kalan, Ludhiana-141001, Punjab |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
2000 |
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Legal Form : |
Sole proprietory concern. |
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Line of Business : |
Indentors
and Commission Agents for textile machinery, yarn, fabrics and fibres. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small concern having moderate track. Payments are
reported as slow but correct. Scale of activity is limited. The concern can be considered for small business dealings on safe
and secured trade terms and conditions. |
LOCATIONS
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Registered Office : |
145 Jagat Nagar, Opposite Sharma Medical Hall,
Jassian Road, Haibowal Kalan, Ludhiana-141001, Punjab, India |
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Tel. No.: |
91-161-5534233 / 6534233 / 2485531 |
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Mobile No.: |
91-9814070850 |
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Fax No.: |
91-161-2485531 |
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E-Mail : |
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Website : |
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Area : |
500
sq. ft. |
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Location : |
Owned
[Ground Floor] |
SOLE PROPRIETOR
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Name : |
Mr. Anil Sharma |
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Designation : |
Proprietor |
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Date of Birth/Age : |
10.09.1965 |
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Qualification : |
Master of Arts, Post Graduate in Marketing and Sales Management |
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Experience : |
19
Years |
BUSINESS DETAILS
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Line of Business : |
Indentors
and Commission Agents for textile machinery, yarn, fabrics and fibres. |
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Imports from : |
Germany, UK, Australia, China and Korea |
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Terms : |
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Selling : |
Contractual
basis |
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Purchasing : |
Contractual
basis |
GENERAL
INFORMATION
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Customers : |
Wholesalers and End Users |
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No. of Employees : |
3 |
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Bankers : |
Punjab
National Bank Haibowal
Kalan Branch, Ludhiana - 141001 |
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Facilities : |
-- |
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Banking Relations : |
-- |
CAPITAL STRUCTURE
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Capital
Investment : |
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Owned : |
Rs. 0.200
Millions |
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Borrowed : |
-- |
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Total : |
Rs.
0.200 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
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Particulars |
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31.03.2006 |
31.03.2005 |
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Commission |
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0.900 |
0.800 |
Order
Booking Rs. 50.000 Millions
Commission
ranges from 2 % to 4 %.
Expected
Commission earning for March 2007 Rs. 1.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Indentors
and Commission Agents for textile machinery, yarn, fabrics and fibres. It acts as
indenting agents on behalf of Germany, U.K., Australia, China, Korea and Far
East. The concern never imports and exports directly.
Regular
clients on behalf of the concern book orders include are ;
- Super Fine Spinners Private
Limited
- Vinayak Wool Industries,
Ludhiana
- B. R. Spinners Private
Limited, Ludhiana
- Garg Wool, Ludhiana
- Garg Acrylics Limited,
Ludhiana
- Yarn Plus, Ludhiana
- Oswal Woollen Mills Limited,
Ludhiana
Some of
principals include :
- China Ningbocixi Import and
Export Corporation, China [For Yarn]
- Jiangsu Guotai Import and
Export Company Limited, China [Yarn]
- John Williams Textiles
Machinery Sales Limited, UK
They deal in all types of textile raw materials, fibres, fabrics, textile
machinery, electronics, consumer, industrial goods etc.
YARNS (Fancy yarns like Feather, Lurex, Chenille, Tape yarn,
Spandex, Nylon filament, Polyester filament etc.). FIBRES ( Acrylic, Polyester,
Nylon, Woolen, Viscose and all types of syntheic Fibres).
WASTES (Acrylic, Synthetic, Polyester, Nylon, Sub standard Acrylic fibre, Tow,
Soft, Hard wastes)
FABRICS (Knitted, Woven, Artificial Leather, Furnishing Etc.). MACHINERY (
Computerised Flat, Circular, Embroidery, Crochet Machines, Warp, Knitting, Printing
Etc.).
ELECTRONICS: DVDs, Music Systems, Mobile Phones, Electronic toys, Christmas
Lights, Computers, Laptops
CONSUMER GOODS: Crockery, Furniture, Shoes, Kitchen Ware, Furniture,
Furnishings Etc.
INDUSTRIAL GOODS: Machinery Knitting, Weaving, Textiles, processing, Currency
countings, ATMs Etc.
CHEMICALS: Dye Stuff, Pigments, Titanium Dioxide, Paints etc.
Daisy Impex and Trading Company was founded in 1999, during
this time the company has grown from strength to strength with its experienced,
educated and dedicated team of professionals . With a large buyer and sellers
database.
Daisy Impex and Trading Company is an established name in the
field of international trade. They are the experienced Indentors, Brokers ,
Agents and Traders Dealing is many Consumer items Like:
- Ready Made Garments
- Sanitary, Furniture
- Consumer Electronics and
Electricals
- House Hold Products
- Food, cosmetics and
Jewellery etc.
- Industrial products in all
types of Textiles
- Industrial electrical
- Hardware and heavy duty Machines
- Chemicals, and Service
Industry
Daisy Impex and Trading Company was founded in
1999, during this time the company has grown from strength to strength with its
experienced, educated and dedicated team of professionals . With a large buyer
and sellers database.
They always insist on the First quality,
consumer solution. They have perfect administer system, complete inspecting
arrangements as per customer requirement from products quality, variety.
At the same time, they provide perfect service for customers
trust and acceptance .They provides first class and international standards
service for their customer.
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.44.21 |
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UK
Pound |
1 |
Rs.87.48 |
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Euro |
1 |
Rs.57.23 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
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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28 |
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/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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