MIRA
INFORM REPORT
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Report Date : |
18.06.2007 |
IDENTIFICATION DETAILS
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Name : |
TRADE ADVISORY GROUP |
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Registered Office : |
82, Daryaganj, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2000 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Consultancy up to turn key project and after sales services. |
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 12000 |
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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. Proprietor is
reported as experienced and respectable businessman. Trade relations are 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 : |
82, Daryaganj, |
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Tel. No.: |
91-11-23252122/ 27015937 |
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Mobile No.: |
91-9312227125 |
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Fax No.: |
91-11-27017767 |
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E-Mail : |
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Area : |
180 sq. meters |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Sunil Dutt Sharma |
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Designation : |
Sole Proprietor |
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Address : |
G – 2, (GF) Jagriti Apartment, Pitampura, |
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Date of Birth/Age : |
46 Years |
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Qualification : |
M B A |
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Experience : |
23 Years |
BUSINESS DETAILS
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Line of Business : |
Consultancy up to turn key project and after sales services. |
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Products : |
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Steel Rolling Mills ˇ
Bar and Rod Mills ˇ
Structured Mills and Strip Mills ˇ
Mills Stand ˇ
AON Converters ˇ
Gears and Gear Boxes ˇ
EOT Cranes ˇ
Induction Furnaces ˇ
Concast Steel and Castings and Forgings ˇ
Corrugated Sheet Plants ˇ
Aluminum Extruders ˇ
Oxygen Gas Plants ˇ
Packaging Machinery and Materials ˇ
Bag Closer Machines ˇ
Jumbo Bags ˇ
Drop Cloth ˇ
Electronic / Mechanical Weighbridges ˇ
Reheating Furnaces |
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Exports : |
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Products : |
Consultancy up to turn key project and after sales services. |
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Countries : |
Africa, Latin America and |
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Terms : |
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Selling : |
Advance or credit of 30-60 days |
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Purchasing : |
Cash and Credit of 30 days |
GENERAL INFORMATION
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Customers : |
Savera Investments Private Limited, |
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No. of Employees : |
About 22 |
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Bankers : |
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Standard Chartered Bank
Parliament Street, |
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Banking
Relations : |
Satisfactory |
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Auditors : |
Not Available |
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Sister Concerns : |
Fresh Sales
Private Limited 204, Dwarkashishvikas Marg, Shakarpur, CIN: U51909DL2005PTC134207 Formation: 18.03.2005 Line of Business: Importer and Exporter of Dry Fruits and Kirana Items Employees: About 20 |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 3.000 millions |
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Borrowed : |
Nil |
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Total : |
Rs. 3.000 millions |
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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12.500 |
10.000 |
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Profit/Loss for the year |
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13% |
13% |
Expected Sales (2007-08) : Rs. 20.000 millions.
LOCAL AGENCY FURTHER INFORMATION
As Per Web
Profile
For 7 years, they have been an energizing force in the field of design
and developing a massive range of industrial equipment. They, Trade Advisory Group, were established
in the year 2000, and have come a long way within a very short span of time.
Today, they are a name to reckon with and have a brilliant track record with
huge market base spread throughout
With such a massive product range they are truly a one stop solution
provider to varied requirements of different industries. They, at Trade
Advisory Board, believe that by meeting customers’ requirements for quality
products and superior services, they will ultimately ensure own success.
Besides maintaining international quality standards, they also keep ourselves
engaged in continuous research to avail clients all the latest and advance
technologies, innovative features through their world class products.
Subject
is a group of committed people working together professionally, to serve clients
with advance technology machinery, and provide them the best cost effective
solutions. Trade Advisory Group is the manufacturer, exporter and supplier of
the following range of products-
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Steel Rolling Mills
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Bar and Rod Mills
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Structured Mills and Strip
Mills
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Mills Stand
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AON Converters
ˇ
Gears and Gear Boxes
ˇ
EOT Cranes
ˇ
Induction Furnaces
ˇ
Concast Steel Castings
and Forgings
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Corrugated Sheet Plants
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Aluminium Extruders
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Oxygen Gas Plants
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Packaging Machinery and
Materials
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Bag Closer Machines
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Jumbo Bags
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Drop Cloth
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Electronic/Mechanical
Weighbridges
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Reheating Furnaces
Quality
Trade
Advisory Group strictly follows its adherence to quality, improvement,
innovation and complete customer satisfaction. To ensure perfection and
precision in products, they maintain a quality management system which remains
actively cautious right from the procurement of raw materials till the final
approval and delivery of the finished products. These thorough tests at every
stage of the manufacturing process and technological advances result in the
products having the latest features.
Infrastructure
Besides the technical expertise and customer centric approaches, they
owe their major success to sound infrastructural base. Trade Advisory Group is
loaded with a highly sophisticated manufacturing unit, an advance research and
development unit, and a quality checking lab. All the products are manufactured
and tested in-house, and with the help of cutting edge technology. In addition,
they are also empowered by team of expert technocrats who are dedicated and
follow a set of professional business ethics to meet the requirements of
clients.
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 |
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 |
YES |
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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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