MIRA INFORM
REPORT
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Report Date : |
05.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
NAUGRA EXPORT |
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Registered Office : |
6148/6, Guru Nank Marg, Ambala Cantt, Haryana. |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
2003 |
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Legal Form : |
Sole Proprietorship Concern |
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Line of Business : |
Merchant Exporter of Scientific Instruments and Laboratory Equipments. |
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 3000 |
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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 : |
Management of the concern remained non-cooperative during current
investigation and hence this report is based on secondary sources of information . Subject appear to be a
small concern having satisfactory track record. Nothing adverse reported. The
concern can be considered for small and mediocre business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
6148/6,Guru Nank Marg, Ambala Cantt, Haryana. |
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Tel. No.: |
91-171-2643080/ 2601773/ 5535566 |
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Fax No.: |
91-171-2607146 |
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E-Mail : |
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Website : |
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Area : |
2000 Sq.ft |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Hartej Sahani |
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Designation : |
Proprietor |
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Date of Birth/Age : |
29 Years |
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Qualification : |
Post Gruadate |
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Experience : |
6 Years |
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BUSINESS DETAILS
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Line of Business : |
Merchant Exporter of Scientific Instruments and Laboratory Equipments. |
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Products : |
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Exports : |
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Products : |
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Countries : |
Europe and Middle East |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
Credit / T/T |
GENERAL
INFORMATION
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Customers : |
Wholesalers, Retailers, End Users |
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No. of Employees : |
Total: 7 |
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Bankers : |
Oriented Bank of Commerce Amhala Sadan, Ambala |
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Banking
Relations : |
-- |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.500 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 0.500 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2006 |
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Sales Turnover |
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10.000 |
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Export Value |
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10.000 |
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Expected Sales (2007-08) : Rs.12.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Scientific instrumentation industry has been playing a key role as a
basis for technological development to sustain the growth of the world, with the
passage of time there is an ever-increasing need for us at Naugra Export
to meet the more diversified and sophisticated demand from all walks of our
industrial society.
Naugra Export with enormous and diverse experience, are one of the
leading manufacturer and supplier of scientific and laboratory equipment. With
an aim to meet the overwhelming demand of the scientific community, they
provide an entire range of instruments right from basic lab equipment to most
sophisticated instruments for research labs.
Naugra Export offer wide range of scientific instruments and
laboratory equipments of Excellent Quality at Low Prices, with a Huge Selection
and Personalized Customer Service
Instruments for Research Labs, Colleges, Schools and various industries
like:
Life sciences
Chemical
Petrochemical
Semiconductor
Pharmaceutical
Environmental
Biotechnology
Food & beverage
Agriculture
Energy
Naugra Export believe in producing a product of the highest quality and design. Our
products are carefully designed and manufactured in the spirit of old world
craftsmanship. To ensure the highest quality and durability possible, all parts
are individually checked and inspected before they are manufactured.
Naugra Export also utilize state of the art design along with advance
technology and tooling to make high performance instruments. Our employees are
continually refining the products to ensure that they are the best modern
products you can get.
In the future Naugra Export hope to keep on contribution towards
building a more affluent human society by providing the customers with
innovation products, best quality and perfect services.
Thank you in advance for all your continuous support and patronage. Naugra
Export will continue to do its best to satisfy your needs
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.44.29 |
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UK Pound |
1 |
Rs.85.71 |
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Euro |
1 |
Rs.58.53 |
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 |
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 |
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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41 |
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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