MIRA
INFORM REPORT
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Report Date : |
13.06.2007 |
IDENTIFICATION DETAILS
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Name : |
SAGAR UNIWEARS |
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Registered Office : |
441 – B, 1st Floor, Katra Nabi Bux, Gali Niwar Wali,
Chappal Market, Sadar Bazar, New Delhi – 110 006 |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2005 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturers and Trading Company of high quality uniform essentials
and accessories School Uniforms Essentials and Accessories. |
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 2000 |
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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 : |
441 – B, 1st Floor, Katra Nabi Bux, Gali Niwar Wali, Chappal
Market, Sadar Bazar, New Delhi – 110 006, India |
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Tel. No.: |
91-11-23629135 / 30990427 |
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Fax No.: |
91-11-23629135 |
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E-Mail : |
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Website : |
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Area : |
600 Sq. fts. |
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Location : |
Rented |
PARTNERS
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Name : |
Mrs. Kiran Nagpal |
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Designation : |
Partner |
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Date of Birth/Age : |
52 years |
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Qualification : |
Graudate |
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Name : |
Mr. Sagar Nagpal |
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Designation : |
Partner |
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Date of Birth/Age : |
20 years |
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Qualification : |
Student |
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Experience : |
2 years |
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Name : |
Mr. Ashok Nagpal |
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Designation : |
Partner |
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Mobile No.: |
91-9818800355 |
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Address : |
Partner |
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Date of Birth/Age : |
57 years |
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Qualification : |
Graduate |
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Experience : |
33 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Trading Company of high quality uniform essentials and
accessories School Uniforms Essentials and Accessories. |
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Products : |
v
Uniform v
T-Shirts v
Socks v
Badges / Emblems v
Medals and
Trophies v
Belts v
Ties v
Casuals v
Computer Embroidery v
Logo in Weaving and Rubber Printing |
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Terms : |
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Purchasing : |
Advance, Cash or Credit (30 days) |
GENERAL INFORMATION
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Suppliers : |
Purchase raw material from open market. |
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Customers : |
v
Premier Security Agencies v
Airlines, v
Bharat Scouts and Guides, Hotels v
Government of v
Railways v
v
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No. of Employees : |
2 |
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Bankers : |
Punjab National Bank Sadar Bazar, |
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Facilities : |
No Overdraft |
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Banking
Relations : |
Satisfactory |
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Membership: |
All |
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Associates/Subsidiaries : |
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Name: |
Zeiler Enterprises |
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Year of
Establishment: |
1983 |
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Address: |
441 – B, 1st Floor, Katra Nabi Bux, Gali Niwar Wali, Chappal
Market, Sadar Bazar, New Delhi – 110 006, India |
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Line of
Business: |
Manufacturers and Trading Company of high quality uniform essentials
and accessories School Uniforms Essentials and Accessories. |
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Sales Turnover: |
Rs. 3.500 millions |
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No. of Employees : |
3 |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.500 million |
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Borrowed : |
- |
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Total : |
Rs. 0.500 million |
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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2.500 |
2.000 |
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Profit/Loss for the year |
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7& |
NA |
LOCAL AGENCY FURTHER INFORMATION
Website details attached:
Profile
Subject is a leading enterprise engaged as a manufacturer
and trading company of high quality
uniform essentials and accessories available in wide range of designs
and patterns. They meet the varied requirements of their customers by supplying
them the best quality School Uniforms
in customized designs. They are the prime supplier of Uniform Essentials and Accessories to private institutes,
railways, premier security agencies,
Team
Their company has a team of competent engineers and designers who have long
years of experience. It's their endeavor to provide their customers with
quality products and value for money services. They look forward to build
strong relation with buyers by supplying them excellent quality school
accessories.
Primary
Competitive Advantages
Reasonable Rates, Quality upto the mark and Services are very prompt.
Future Programs of the Company:
They want to start the Export
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. 40.73 |
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1 |
Rs. 80.43 |
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Euro |
1 |
Rs. 54.44 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
NO |
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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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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
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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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