MIRA
INFORM REPORT
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Report Date : |
20.06.2007 |
IDENTIFICATION DETAILS
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Name : |
AAYUSHI DESIGNS PRIVATE LIMITED |
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Registered Office : |
B – 10 – 12, S.T., No. – 7, |
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Country : |
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Date of Incorporation : |
17.10.2003 |
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Com. Reg. No.: |
122697 |
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CIN No.: [Company
Identification No.] |
U18101DL2003PTC122697 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELA15144D |
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PAN No.: [Permanent
Account No.] |
AAECA4492R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter of Grinders and Smoking Accessories |
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 : |
Small Concern |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject appears to be a small company. It is irregular in corporate. Compliance
hence no financials are available since incorporation. No payment are
available. The company can be considered for small to moderate business
dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
B – 10 – 12, S.T., No. – 7, |
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Tel. No.: |
91-11-32961553 / 25330153 |
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Mobile No.: |
91-9810294123 (Mr. Krishna) |
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Fax No.: |
91-11-25330153 |
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Website : |
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Area : |
1000sq.fts |
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Location : |
Owned |
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DIRECTORS
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Name : |
Mr. R.K. Sadh |
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Designation : |
Director |
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Date of Birth/Age : |
35 Years |
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Qualification : |
Graduate |
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Experience : |
12 Years |
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Name : |
Mrs. Rakhi Sadh |
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Designation : |
Director |
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Date of Birth/Age : |
34 Years |
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Qualification : |
Graduate |
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Experience : |
12 Years |
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Name : |
Mr. Krishna |
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Designation : |
Managing Director |
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BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Grinders and Smoking Accessories |
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Products : |
©
Herb Grinder ©
Aluminium Grinder ©
Wooden Grinder ©
Tobacco Grinder ©
Glass Smoking Water Pipes ©
Vaporizer ©
Glass Bong ©
Acrylic Bong ©
Brass Hukka |
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Exports : |
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Products : |
Handicraft products |
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Countries : |
Europe, |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
L/C, Sight |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
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Customers : |
Wholesaler |
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No. of Employees : |
10 (Office) |
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Bankers : |
Citi Bank Oriental Bank of Commerce Greater Kailash 2, |
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Facilities : |
The concern do not enjoy facility form its bankers |
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Banking
Relations : |
- |
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Memberships: |
EOU |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
No financials are available for the company since incorporation.
Management assured to provide more details and if they provide, we shall
supplement the same
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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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23.900 |
12.500 |
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Export Value |
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23.900 |
12.500 |
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Expected Sales (2007-08) : Rs.23.000 millions
LOCAL AGENCY FURTHER INFORMATION
Trade Reference:
©
Select
©
Kulu Trading, The
©
Rajiv Sachdera Cargo Agent,
©
Shirshakti Handicrafts,
Company Details:
Subject started their business operation in the year 2003 with an aim to
cater to the specific requirements of grinders and smoking accessories of a
wide spectrum of customers. The dedication to provide the best quality products
at the most competitive prices, teamed up with timely deliveries has
established them as an authentic manufacturer and exporter of Herb Grinder,
Aluminium Grinder, Wooden Grinder, Tobacco Grinder, Glass Smoking Water Pipes,
Vaporizer, Glass Bong and Acrylic Bong and Brass Hukka. They believe in
the constant progression of their product range in order to cope up with
international market pressure. They have achieved a worldwide
appreciation for their products due to their innovative ideas and
creativity. As an honest customer oriented organization, they aim at
setting new milestones and reaching new heights, while maintaining the
uniqueness of their products. Their products are of the highest quality and are
crafted by skilled craftsmen. Their team of dedicated professionals and
technically qualified engineers are keen and vigilant at each and every stage
of the production process to ensure superlative quality and timely delivery.
Their
Infrastructure
They have sound and appropriate infrastructure empowered with a
hi-tech production unit, latest technology, ultra modern machinery
and superb working environment. They have a strong and proficient
workforce, comprising of technically skilled professionals and efficient
workers. Their technologically advanced warehouse is the backbone of the
company and they have the capability to store bulk products. Their wide
distribution network and excellent transport facilities ensure the customers of
safe, smooth and punctual delivery of products.
Their Quality
Quality is the first priority for them. They follow a streamlined
process of quality control for their products, right from the stage of
procuring raw materials to the final stage of production. Their in-house
quality control officials keep a strict vigil on the production process to
ensure optimum quality products.
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.40.82 |
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1 |
Rs.81.18 |
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Euro |
1 |
Rs.54.79 |
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 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
- |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
4 |
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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 |
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32 |
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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