MIRA
INFORM REPORT
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Report Date : |
02.06.2007 |
IDENTIFICATION DETAILS
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Name : |
DEVA SINGH SHAM SINGH |
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Registered Office : |
Outside Chatiwind Gate, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1920 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AMRD10169F |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the partners. |
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Line of Business : |
Manufacturer an Exporters of 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 100000 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having satisfactory track. Trade
relations are fair. Financial position of the concern is good. Partners are
reported as experienced, respectable and resourceful businessmen. Their trade
relations are fair. Payments are usually correct and as per commitments. The concern can be considered good for any normal business dealings at
usual trade terms and conditions. |
LOCATIONS
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Registered Office/Factory : |
Outside Chatiwind Gate, |
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Tel. No.: |
91-183-2482230 |
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Fax No.: |
91-183-2490451 |
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E-Mail : |
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Website : |
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Area : |
1100sq.mts |
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Location : |
Owned |
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PARTNERS
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Name : |
Mr. R.S. Chartha |
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Designation : |
Partner |
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Address : |
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Date of Birth/Age : |
63 Years |
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Qualification : |
Engineer |
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Experience : |
35 Years |
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Name : |
Mr. K.R.S. Sobti |
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Designation : |
Partner |
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Address : |
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Date of Birth/Age : |
50 Years |
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Qualification : |
Post Graduate |
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Experience : |
26 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer an Exporters of Basmati Rice |
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Exports : |
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Products : |
Rice |
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Countries : |
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Terms : |
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Selling : |
Credit, Cash |
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Purchasing : |
L/C, Credit, Cash, Sight |
GENERAL INFORMATION
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Customers : |
Retailers |
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No. of Employees : |
60 (10 Office, 50 Factory) |
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Bankers : |
Punjab Nationals Bank, |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
P.C. Mehra and Company Chartered Accountants |
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Address : |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.25.000 millions |
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Borrowed : |
- |
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Total : |
Rs.25.000 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
500.000 |
465.000 |
450.000 |
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Profit/Loss for the year |
23.000 |
22.000 |
18.500 |
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Expected Sales (2007-08) : Rs.750.000 millions
LOCAL AGENCY FURTHER INFORMATION
Company Details:
Subject provide its consumers with the world's finest
Basmati rice, which includes the famous 817 Elephant Pure Basmati Rice. The
Company has been awarded ISO 9001-2000 by the prestigious Underwriters
Laboratories Inc.,
Subject is a rice millers
-- was incorporated in 1920. Over the past 80 years, it has provided its
consumers with the world's finest Basmati rice. Today the Company markets 8
brands of Basmati rice which includes the famous 817 Elephant Pure Basmati
Rice.
`817 Elephant' brand is an
exclusive brand for special grade Basmati rice. Beside this brand, the Company
also markets `A' grade Basmati rice under brand names of `Laxmi' and ` Jahan'
brands. Under the secondary grade `B', the Company markets Basmati rice under `
butterfly', `AAA', Kasturi', `Sona' and `Janta' brands.
The Company also
manufactures Brown ( unpolished ) Basmati Rice and is marketing in bulk
supplies to various polishing mills in Europe and in different consumer
packages to speciality health food Worldwide Stockists in
Besides Basmati Rice, the
Company is manufacturing and marketing Indian Long Grain Rice, Raw and
Parboiled under different brands, in bulk quantities as well in different
consumer packaging.
Indian Long Grain White
Rice is manufactured in different qualities namely 2 to 5% brokens, 15- 20%
brokens, 25% brokens and 100% brokens and packaged in polypropylene bags of 50Kgs
bulk and also in consumer packs depending upon the customer's requirements.
Parboiled Long Grain Rice with brokens of about 2 to 5% is manufactured in
`creamy' as well as in `golden' colour. The Company has the distinction of
Exporting ship loads of Long Grain Rice to
The Company is also
exporting bulk unpolished brown Long Grain Rice to some countries, depending
upon the requirements of the customer.
The Company boasts of two
state-of-the-art processing plants with an installed capacity of 12 MT per hour
and consisting of sophisticated equipment from the
An independent research
laboratory supplements quality control to further improve upon the product.
Ambitious diversification has led to a rice bran solvent extraction plant, oil
refining facility and a cattle feed plant to help utilise by-products and provide
high quality rice derivatives.
DSS AROUND THE
WORLD
DSSS is one of
The Company holds a major
share of the import market of Basmati rice/ Indian Long Grain Rice in
The Company's worldwide
dealer network covers Australia, Austria, Bahrain, Canada, Jordan, Kuwait,
Lebanon, Oman, Qatar, Saudi Arabia, Syria, U.A.E. U.K. and the US.A.
Products
817 Elephant Pure Basmati
Rice is the world's most exquisite rice. It takes birth in the most fertile
valleys and plains of India It is harvested by hand with delicate care, aged to
perfection and then processed.
The result is an extra long, pearly white,
delicate grain with an irresistible aroma and delectable taste bringing alive
an age of nawabs and emperors, glittering courts and legendary chefs. Deva
Singh Sham Singh -- producers of the finest basmati rice since 1920, present
their universally celebrated brand -- 817 Elephant Pure Basmati Rice.
Delectable, long-grained, aromatic basmati. Now available in a range of
attractive, high-grade packaging to suit the varied needs and preferences of
the international and domestic markets.
Range of 817 Elephant Pure
Basmati Rice Packaging 20 kg, 10 kg, 5 kg & 2kg white canvas bags ; 20kg,
10 kg & 5kg laminated paper bags with zipper; 5 kg, 2 kg, 1kg & 500gms
cartons and plastic pouches and 5 kg & 2kg PET jars. Packing can also be
done in pounds on special request from customers
AN 'A' GRADE
BASMATI RICE
Deva Singh Sham Singh has
over the years produced the finest Basmati rice for esteemed clients such as
you. They have continued to add new brands, giving you a variety of Basmati
rice to choose from, for special occasions. The Laxmi Brand Dehraduni Basmati
rice is pearly white, extra long grain and highly aromatic. It tastes best when
used for vegetarian dishes.
Worldwide Stockists:
P.O
Tel: 0418539100
Fax: (03) 93096740
E-mail : raviimports@optusnet.com.au
H. Djananpour
Am Eichetwald, 28, A-5020,
Tel: 43-662 825097
Fax: 43-662-820239.
E-mail: W.Djananpour@lks.at
Damodhar Devidas & Brothers P.O.Box : 97,
Tel: 973-229687
Fax No: 973-228277
E-mail : ddbros@batelco.com.bh
CANADA
G.S. Teja Ltd.
2620,
V6X2P9.
Tel: 604-2737862
Fax : 604-2737534
E-mail: Braham_Teja@telus.net
Shah
Trading Co. Ltd.
3451,
Miv2v3 - Canada
Tel: 416-2926927
Fax : 416-2927932
E-mail: shahtoronto@shahtrading.com
Shah
Trading Co. Ltd.
St.
H4S1Y5
Tel: 416-2926927
Fax : 416-2927932
E-mail: shahtoronto@shahtrading.com
INDIA
Hathout Trading Est.
P.O
Tel: 631229
Fax: 656780
Ahmad Mostafa Dawood Nierat
P.O
Tel: 970-42503020
Fax: 970-42502328
E-mail: alwalad@hally.net
Al-Muhaidib Foods
P.O
Dammam 31413
Tel: 8328888
Fax: 8311888
E-mail: gm@muhaidib-food.com
Koza food Distr.LTD.
Seheryildiz Sok.
Yildiz
Etiler,
Tel: 0212-257-6097
Fax: 0212-265-7536
E-mail: ksezer@kozagida.com
U.A.E.
National Trading & Developing
Establishment
106-110
P.O
Tel: (9714) 2220115
Fax: (9714) 2222900
E-mail: ntde@emirates.net.ae
USA
Indo European Foods Inc
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1000,
Tel: 818-2471000
Fax : 818-24 79 722
E-mail:DITTING@aol.com
STC
AMERICA
Tel: 732-2872700 ext.11
Fax: 732-287 5580
E-mail: sanjeev@stc-america.com
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.40.54 |
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1 |
Rs.80.21 |
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Euro |
1 |
Rs.54.51 |
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 |
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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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 |
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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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