MIRA
INFORM REPORT
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Report Date : |
12.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
MANAK EXPORTS |
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Registered Office : |
H-38, 2nd Floor, Near Summer Field School, Kailash Colony,
New Delhi: 110048 |
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Country : |
India |
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Financials (as on) : |
-- |
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Date of Incorporation : |
September 2006 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Sandstone, Granite, Stone, Marble, Slate, Limestone,
Green Marble, Green Stone, Pink Granite, Grey Slate, Green Granite, Slate,
Brown Stone, Pink Granite, Pink Stone, Red Stone, Black Granite, White
Granite, Green Slate, Pink Sandstone, Brown Sandstons |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
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Status : |
New Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subjects is a new concern and yet to complete first full year of its
operations proprietor is young and energetic. No Payment are available. The concern can be considered for small business dealings with slight
caution initially. |
LOCATIONS
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Registered Office : |
H-38, 2nd Floor, Near Summer Field School, Kailash Colony,
New Delhi: 110048 |
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Tel. No.: |
91-22-24566429 |
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Mobile No.: |
91-99-9871766550 |
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E-Mail : |
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Area : |
1200Sq.ft |
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Location : |
Owned |
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Factory 1 : |
Kapoor place, Mata Tuna Road, Bundi, Rahesthan |
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Tel. No.: |
91-0747-3290281 |
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Fax No.: |
91-9351219205 |
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Area : |
1500Sq.ft |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Miss Harpit Kapoor |
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Designation : |
Proprietor |
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Date of Birth/Age : |
23 Years |
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Qualification : |
MBA |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Sandstone, Granite, Stone, Marble, Slate, Limestone,
Green Marble, Green Stone, Pink Granite, Grey Slate, Green Granite, Slate,
Brown Stone, Pink Granite, Pink Stone, Red Stone, Black Granite, White
Granite, Green Slate, Pink Sandstone, Brown Sandstons |
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Products : |
Range Verde Guatemala (Green Marble) Forest Green Imperial Green Emerald Green Spider Green Silvo Green Marble Lady Onyx White Marble Banswara Gold Banswara Purple Bidasar (Rain Forest) Green Bidasar (Rain Forest) Brown Bidasar (Rain Forest) Gold Udaipur Pink Sabar Brown Limestone Jaisalmer Yellow Jaisalmer Kota-Gold Jaisalmer Gold Classic Katni Beige Kota Blue Kota Green Granite Absolute Black Black Galaxy Kashmir Gold Kashmir White Platinum White Red Multi Paradiso Raw Silk Vizag Blue Rosy Pink Cheema Pink Mokalsar Green Jhansi Red Bala Flower Lakha Red Raniwada Yellow Sandstone Rainbow Teak Agra Red Dholpur Beige Mint Bansi Pink Autom Brown Chocolate Raj Green Kandla Grey Slate Silver Grey Deoli Green Jeera Green Copper Multi Silver Shine Peacock Ocean Green. |
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Exports : |
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Countries : |
USA, Australia, Italy, Germany, UK and UAE |
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Terms : |
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Selling : |
L/C,DA and DP |
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Purchasing : |
L/C, DA and DP |
GENERAL
INFORMATION
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No. of Employees : |
Total:16 ( Office:4; Factory :12) |
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Bankers : |
State Bank of Bikanare and Jaipur, Bundi Rahasthan State Bank of Indi, Greater Kailesh-II New Delhi-48 |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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FINANCIAL DATA
[all figures are in Rupees Millions]
Expected Sales (2007-08) : Rs. 10.000 Milliions
LOCAL AGENCY FURTHER
INFORMATION
Mr. Harkrishan Kapoor father of Miss. Harpit Kapoor started the business
in 1980 in the name of Kapoor stones in Mata Tunda Road, Bundi, and Rajesthan
for local sale of stones.
Sales Turn Over: Rs.50.000 Millions
No Of Employee: Total:12
Now close this company wanted to
start Export only.
Their range of natural marble, green marble, sandstone, lime stone and
slate; to redefine the space....
About
Them
Create the dream home using extra fine and luxurious sandstone. Stone structures have an air of strength and solidity, which even the best imitations of cement, block or brickwork fail to deliver. We, at "Manak Exports", understand the needs and offer an irresistible range of high quality products to help you in redefining the ambiance in much stylish ways. Established in the year 2006, they have grown considerably to establish ourselves as one of the most competitive manufacturers, exporters and suppliers of sandstone, slate, limestone, green marble, white marble, etc. Their highly competitive prices and exceptional services have secured their esteemed position in the global industry. The efficient team of their company diligently works through the processing, cleaning and finishing of the marble; to be finally delivered to their esteemed customers. Striving to be on the top in the stiff competitive market, they incorporate profound infrastructure, well equipped with all the required facilities.
Their Support
They have a state of the art infrastructure. Their manufacturing
unit consists of machineries such as Gang Saw, Line Polishers, Edge Cutting
Machines for Tiles, Articulated Arm Polishing Machine for slabs, Slab Polishing
Machines and many more. Their efficient workforce comprises of talented and
dedicated team of artisans, designers and workers. They are the leading quarry
owners, manufacturers and processors of a wide variety of stones.
Their
Facilities
They have a dedicated team of professionals, possessing a wide knowledge of the industrial verticals. Besides, they continually strive to enhance and optimize the work process by integrating the latest technology with a considerable knowledge of their domain, supply-chain, logistics and e-commerce. Hence, they are able to simplify and accelerate the whole process of providing services and adding value, where it really matters. Packaging of tiles is done in corrugated boxes (only for small size granite tiles and slates), giving the rmocol and plastic covering. They are then packed in sea worthy wooden crates, to give a strong support and avoid any breakage or loss during the transit.
Technology
Their company possesses an excellent infrastructural base. The production unit
is equipped with the state-of-art machines, which include:
Edge Cutting Machines
Calibration Machines
Polish Machines.
Business Partners
They plan to make inroads into the lucrative export market. Led by a global vision and a drive to maintain quality upto the international standards, they strive to produce products conforming to the international standards. They enjoy the trust of their clientele spread across various countries including Europe, USA, UK, Italy, Australia, Middle East and South East Asia.
The
Strengths of Their Company
They are a professionally managed company with the goal of utmost customer
satisfaction by providing first class quality materials, packed appropriately
and with prompt after sale services. The company also extends assistance like
providing product knowledge, developing customized new products using the natural
stones, developing customized packing, providing marketing tools, promotional
samples and continued technical support to its clients. There is a continuous
flow of information regarding processing of order and arrangement of shipment.
The goods are inspected and monitored by their highly experienced and
professional staff, right from the stage of procuring the raw materials till
the final stage of stuffing the same in the containers. Their personnel and
technicians are trained to be the experts in all areas of this business. Their
techniques and service are second to none.
Why
them?
Direct source of raw material from various mines and different parts of the country in order to cater to their clients with maximum range of products
State-of-the-art manufacturing facilities
Professional and committed workforce
High quality standards
Special pricing structure for large scale projects
Huge storage facility to stock ready inventories
Wide range of products
Full fledged shipping department of the company to take care of shipments from India
They can execute bulk orders of any size and quantity
Quality assured at every level of the project execution
Customized product development can be arranged on bulk purchases.
CONTACT DETAILS:
H-38A, 2nd Floor, Near Summer Field School, Kailash
Colony, New Delhi - 110048, India
Phone:91-11-46566429
Send Mail
Key Personnel:
Ms. Harprit Kapoor (C.E.O.)
Mobile:+919871766550
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 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.
Their 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. 44.27 |
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UK Pound |
1 |
Rs. 85.54 |
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Euro |
1 |
Rs.58.23 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
1 |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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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 |
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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18 |
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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