MIRA
INFORM REPORT
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Report Date : |
05.06.2007 |
IDENTIFICATION DETAILS
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Name : |
AMAR SINGH CHAWALWALA |
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Registered Office : |
Outside Chattiwind Gate, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1963 |
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Legal Form : |
Partnership Concern with an unlimited liability of partners. |
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Line of Business : |
Manufacturers and 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 80000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed concern having satisfactory
track. Partners are reported as
experienced and respectable businessmen.
Trade relations are reported as fair.
Business is active. Payments
are usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
Outside Chattiwind Gate, |
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Tel. No.: |
91-183-2482121 / 122 |
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Mobile No.: |
91-9855204246 / 9915081246 |
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Fax No.: |
91-183-2482125 / 26 |
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E-Mail : |
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Website : |
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Area : |
1000 Sq. mtrs. |
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Location : |
Owned |
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Factory 1 : |
Farm at |
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Area : |
10 Acres |
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Location : |
Owned |
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Factory 2 : |
Farm at |
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Area : |
22 Acres |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Kartar Singh |
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Designation : |
Partner |
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Address : |
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Date of Birth/Age : |
75 years |
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Qualification : |
Under Graduate |
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Experience : |
46 years |
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Name : |
Mr. Pritam Singh |
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Designation : |
Partner |
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Address : |
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Date of Birth/Age : |
70 years |
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Qualification : |
Under Graduate |
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Experience : |
38 years |
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Name : |
Mr. Arvinder Pal Singh |
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Designation : |
Partner |
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Address : |
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Date of Birth/Age : |
40 years |
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Qualification : |
Graduate |
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Experience : |
15 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Exporters of Basmati Rice. |
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Products : |
v
Rice v
Lal Qilla Soyaking v
Green Tea v
Utensils v
Lal Qilla Chunks v
Pickles v
Lal Qilla Brown Sugar |
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Brand Names : |
v
Lal Qilla v
Golden Basmati v
517 In White v
507 in Biryani |
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Exports : |
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Products : |
Basmati Rice |
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Countries : |
Australia, Spain and Poland, USA, Germany, Neitherland, France, Italy,
Tunisia, Bahrain Saudi Arabia, Canada and all Europe, Kuwait, UAE, etc. |
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Terms : |
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Selling : |
L/C, Cash or Credit (30 days) |
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Purchasing : |
L/C, Cash or Credit (30 days) |
PRODUCTION STATUS
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Products |
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Actual
Production |
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Basmati Rice |
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As per Demand |
GENERAL INFORMATION
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Customers : |
Local and Foreigners, Retailers and End Users. |
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No. of Employees : |
370 (Office: 20 ; Factory:350 ) |
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Bankers : |
Punjab National Bank Main Branch, |
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Facilities : |
Credit Limit of Rs. 50.000 millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
S. Iqbal Singh Gulati 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. 20.000 millions |
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Borrowed : |
- |
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Total : |
Rs. 20.000 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
750.000 |
720.000 |
690.000 |
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Profit for the year |
45.000 |
40.000 |
32.000 |
LOCAL AGENCY FURTHER INFORMATION
Trade References
v Amrita Trading Company,
v Punjabi
v East End Food PLC,
Website details attached
Profile
The rice grain is famous for its versatility and is a supremely important corp. It is non-allergic food rich in complex Carbohydrates and is low in salts and fats.
The world's most demanding
Basmati rice is cultivated in the foothills of
Basmati has a fine aromatic flavor and the grains are long and slender. The grain is aged for a certain period of time to enhance its distinctive aroma. Basmati is excellent in almost any savory rice dish and is perfect for countless rice recipes across the globe. It is a food that feeds half the population of the world.
Lal Qilla Basmati rice, a
renowned Indian brand is available in countries like
So explore and appreciate this versatile staple food with Lal Qilla Basmati rice which is rich and unforgettable blend of tradition and exotic produce.
Subject has witnessed an
unprecedented growth. While the progress has been substantial, the future also
holds immense pleasure. Always focused towards the customer's taste and
preferences, the company enjoys a formidable share in the rice market in
Backed by a team of visionaries and committed professionals the company has carved a niche for itself. And as classic rice recipes sit alongside dishes from around the world the company is moving towards a bright future.
The House of Lal Qilla is not just about wonderful basmati rice. They continue to diversify into Soya based food products, Jaggery Powder, Green Tea and Spicy Amritsary Warrian, making the concern a holistic 'food' company. The company's commitment to the best is now translated into a range of Stainless Steel Products. In keeping with their reputation, they constantly endeavour to bring their consumers the very finest quality according to the international standards, with a product range designed to cater to diverse and discerning tastes.
RICE N MORE……
The House of Lal Qilla is not just about wonder full Basmati rice. They
continue to diversify into Soya based food products, Jaggery powder Green Tea
and Spicy Amritsary Warrian, making the subject a holistic 'Food' Company. The
company's Commitment to the best is now translated into a range of stainless
steel products. In keeping with our reputation, they constantly endeavour to
bring their consumers the vary finest quality according to
International standards, with a product range designed to cater to
diverse and discraning tastes.
Their very finest among all the varieties of rice that they have to offer. The aroma, the texture, the taste, it can only be LAL QILLA brand rice. Top-most in taste, top-most in quality, and pearl-white, long-grained protein-enriched rice. Rice that befits royalty with which we can prepare an array of nutritious, mouth-watering treats. It adds to the presentation of your meal & makes the prefect partner for Mughlai, Indian, Chinese or Continental cuisine.
New Products
PROTEIN RICH SOYA
GRANULES
SOYA GRANULES: - Lal Qilla also proudly presents another addition to its range, Soya Granules which has unique ability of mixing with any cusine giving it not only necessary proteins and natural minerals but also a distinctive taste and flavour. This 100% vegetarian food is low in fat and cholesterol and rich in nutritional value making it a favourite with all age groups.
SOYA KING: - Satiate your appetite with these melts in the mouthy energy packed Granules, made from the best quality protein rich. Soya beam flour, SOYA KING Granules area wholesome treat providing everything needed to make the most spectacular and nutritious dishes.
PROTEIN RICH SOYA
CHUNKS
SOYA CHUNKS - Lal Qilla also proudly presents another addition to its range, Soya Chunks which has unique ability of mixing with any cusine giving it not only necessary proteins and natural minerals but also a distinctive taste and flavour. This 100% vegetarian food is low in fat and cholesterol and rich in nutritional value making it a favourite with all age groups.
PICKLES
Lal Qilla brings a range of Indian Pickels & Chutneys made from fresh hand picked fruits & vegetables with freshly ground spices. It is made under extremely under hygienic conditions which imparts the Home Touch. It is available in Mango, Lemon, Garlic, Green Chilli, Mixed, Mango mild and Lime Sweet & Sour.
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. 40.56 |
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1 |
Rs. 80.81 |
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Euro |
1 |
Rs. 54.74 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
8 |
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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 |
7 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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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 |
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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51 |
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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