MIRA
INFORM REPORT
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Report Date : |
01.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
NATURE EXPORT COMPANY |
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Registered Office : |
Shikhand Smarat, Hospital Road
Mahuva 364-290 Dist. Bhavnagar Gujarat |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
2000 |
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Legal Form : |
Partnership concern with an unlimited liability of the partner. |
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Line of Business : |
Merchant & Exporter of Dehydrated Onion and Garlic, Raw Cotton,
Fres Onion, Garlic and All Vegetables Sesame seed, cumin seed, Fenel seed,
Fresh Fruits Curry Powder extra… |
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 10000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established merchant exporter. Trade relation are
fair. Payment are Usually Correct and as per Commitments. The concern can be considered normal for business dealings as usual trade
terms and condition. |
LOCATIONS
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Registered Office : |
Shikhand Smarat, Hospital Road Mahuva |
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Tel. No.: |
91-2844-224520 |
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Mobile No.: |
91-9825398704 |
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Fax No.: |
91-2844-223085 |
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E-Mail : |
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Website : |
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Area : |
600 Sq.ft. |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Deepak L. Bhoot |
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Designation : |
Partner |
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Mobile No: |
91-98253 98704 |
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E-mail: |
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Address : |
Opp: SBS, Mahuva |
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Date of Birth/Age : |
27 Years |
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Qualification : |
B.E.Chemical |
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Experience : |
3 Years |
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Name : |
Mr. Bhupat R. Bhoot |
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Designation : |
Partner |
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Mobile No: |
91-98253 66727 |
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E-mail: |
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Address : |
Bhadra, Ta.Mahuva |
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Date of Birth/Age : |
30 Years |
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Qualification : |
S.S.C.IT |
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Experience : |
2 Years |
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Name : |
Mr. Aravind S. Bhoot |
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Designation : |
Partner |
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Mobile: |
91-98242 24578 |
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E-mail: |
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Address : |
Bhadra, Ta.Mahuva |
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Date of Birth/Age : |
25 Years |
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Qualification : |
H.S.C |
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Experience : |
2 Years |
BUSINESS DETAILS
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Line of Business : |
Merchant & Exporter of dehydrated white Onion and Garlic, Cotton
and Agro |
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Exports : |
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Products : |
Dehydrated White,Garlic,Raw Cotton, Onion |
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Countries : |
Russia, Czech, South and North America Africa, Gulf, Middle east
countries, Pakistan and European countries |
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Terms : |
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Selling : |
L/C, Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL
INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
Total : 7 (Office:7) |
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Bankers : |
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Banking
Relations : |
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Auditors : |
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Name : |
Mahesh Godani Chartered Accountant |
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Address : |
Vishal Flat, Opposite Radheshyam, Mahuva |
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Mobile No.: |
91-9824226812 |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 2.000 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 |
63.533 |
60.000 |
50.000 |
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Export Value |
62.032 |
NA |
NA |
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LOCAL AGENCY
FURTHER INFORMATION
They are leading exporter engaged in Dehydrated White Onion & Garlic in the form of Kibbled, Minced, Chopped, Granules and Powder and Agricultural Products like Sesame Seed, Groundnut, Cummins Seed, Fennel Seeds, Fenugreek Seed, Dill Seed, Psyllium Husk Cotton Bell, Curry Powder & All Indian Groceries since 2000. They, Deepak Bhoot, Bhupat Bhoot, and Aravind Bhoot are Partner’s of Nature Exports Company, are basically farmer and come in this business so they know how the best raw Onion, Garlic & Other Agricultural Products can be produced & growled. Here they have their own farm and they grow their raw materials in their own inspection. They can also control pesticide in raw products by their inspection. So ultimately their final products will get its best quality. They have a very modern packing plant where these products are packed, shorted under perfectly hygienically conditions. Stringent quality control standards are maintained by well qualified and experienced staff.
Their products have got wide acceptability in many Europeans, South & North American, African, Gulf, Middle East and Asian countries. They match the international quality standards. They are always committed to value addition to their products and enhanced customers’ satisfaction.
They ensure that if you work with us one time it will be life time business
relationship. As quality keeps the relation smooth and powerful, they believe
in quality standard and timely commitment.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No 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.44.28 |
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UK Pound |
1 |
Rs.86.62 |
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Euro |
1 |
Rs.58.32 |
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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
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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43 |
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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PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions