MIRA
INFORM REPORT
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Report Date : |
23.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
SUPREME INDIA INTERNATIONAL |
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Registered Office : |
18 / 20, Cawasji Patel Street, C-II Jeevan Jyot, 2nd Floor,
Mumbai – 400001, Mahartashtrsa |
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Country : |
INDIA |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1991 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
The Concern acts as an Importer and Trader of Acrylic Acid and It’s
Esters i.e. Acrylic Acid, Methacrylic Acid (MAA), Acrylate Monomers (BA,
2EHA, EA, MA, MMA ). |
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 : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established concern having satisfactory track record
.proprietor of trade concern is reported as experienced, respectable and
having satisfactory means of his own. His trade relations are fair. Payment
are usually correct and as per commitment. The concern can be considered
normal for business dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
18 / 20, Cawasji Patel Street, C-II Jeevan Jyot, 2nd Floor,
Mumbai – 400001, Mahartashtrsa |
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Tel. No.: |
91-22-22828801 / 8802 / 66357010 / 66313064 |
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Mobile No.: |
91-9820038709 |
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Fax No.: |
91-22-66357011 |
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E-Mail : |
supremeind@mtnl.net.in |
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Website : |
http:// www.supremeindiainternational.com |
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Area : |
400 Sq. ft. |
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Location : |
Owned |
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Warehouse : |
Jaiprakash Storage |
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Address : |
Shankar Compound , Near Daulat Compound Ranavil Village, Bhiwandi ,
Thana |
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Fax No.: |
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Branches : |
D – 304, Shilalekh 4th Floor, Opp. Police Station, Sahibag,
Ahmedabad – 380004, Gujarat |
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Tel. No.: |
91-79-256026676 |
PROPRIETOR
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Name : |
Mr. Praful M. Vora |
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Designation : |
Proprietor |
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Address : |
101 Anuj Apartments, 96 A. K. Marg, Mumbai – 400 036, Maharashtra, INDIA |
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Date of Birth/Age : |
2nd October, 1951 |
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Qualification : |
B. Sc. with Statistics / Maths, LL.B |
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Experience : |
26 years |
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BUSINESS DETAILS
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Line of Business : |
The Concern acts as an Importer and Trader of Acrylic Acid and It’s Esters
i.e. Acrylic Acid, Methacrylic Acid (MAA), Acrylate Monomers (BA, 2EHA, EA,
MA, MMA ). |
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Agencies Held : |
1] Vinay Chemicals India Limited, Mumbai – VAM 2] Atofine - All North
American for Fascet Catalyse |
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Imports : |
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Products : |
Organic and inorganic chemical |
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Countries : |
China, France, Iran, Japan, Korea, Spain and UK |
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Terms : |
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Purchasing : |
L / C Or D /P |
GENERAL
INFORMATION
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Suppliers : |
1] Altofina Chemicals Inc. USAc( Fac Scat , Catalyst ) |
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2] Atofine - La Defence 10, Cedex 42,
92091 Paris La Defence, France 3] Toman Corporation, Japan 4] Ningxia Metals & Minerals Imports & Exports Corporation 64 Nanxu
West Road, Vinchaw, Ninxia, China |
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Customers : |
1] Visen Organics Limited , Mumbai 2] Jubilant Organosys limited Skyline House, 85 Nehru
Place, New Delhi – 110 019, 3] Berger Paints Limited 4] BASF India Limited, Mumbai |
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No. of Employees : |
5 |
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Bankers : |
1] Bank of Bahrain & Kuwait B.S. C., Maker Chambers II, Gr. Floor, 225 Nariman Point, Mumbai – 400
021 2] Tamilnadu Mercantile Bank
Limited, Mandvi, Mumbai - 400 003 |
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Facilities : |
The Concern is Reported to Enjoy Total Facilities of Rs.11.00 Millons
Against L / C and C /C Terms. |
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Banking
Relations : |
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Auditors : |
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Name : |
N . D. Mehta Associates Chartered Accountants |
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Memberships : |
1] Basic Chemicals, Pharmaceuticals & Cosmetics Exports Promotion
Council 2] The Chemical & Alkali Merchant’s Association 3] Indian Merchant’s Chamber (IMC) |
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Associates/Subsidiaries : |
Supreme Agencies Private Limited |
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Address : |
18 / 20 , Cawasji Patel Street, C – II Jeevan Jyot, 2nd
Floor, Mumbai – 400 001, Maharashtra |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
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Borrowed : |
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Total : |
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FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
70.000 |
65.000 |
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LOCAL AGENCY
FURTHER INFORMATION
Company Profile :
With the corporate Head Office in Mumbai, India, SUPREME is managed by qualified
and competent professionals under dynamic leadership of Praful M. Vora
President of the group. SUPREME is presently in trade with various
manufacturers from India itself, as well as countries from Far East, South-East
Asia, Middle East, Europe, African, U.S. Continent, China and Russia. SUPREME
has emerged as a visionary and progressive group of enterprise. Firmly
committed to the total satisfaction of its customers, by way of consistently
high quality of products and services.
Company Philosophy
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Subject believe in building lasting relationships with concern valued
customers, by meeting their requirements on time. Concern aim to achieve this
by providing excellent service and world class products. At SUPREME, it is a
tradition to respect the customers and the suppliers, equally.
Company Mission :
In concern transactions with concern customers, there will be an
unmistakable stamp of dedication towards our commitment. With the above
philosophy and mission, Concern at SUPREME look forward to achieve the greatest
heights of recognition in the global arena of trade and economy.
Growth A Necessity For Global Success :
SUPREME firmly believes in this statement. A leading business house in
India, SUPREME has established a name for itself in Imports, Indenting,
Exports, International Trading, Counter and Barter Trading. Dynamic
entrepreneurship, fair business policies and a highly professional management
system constitute an integral part of the group's success. That gives it the
momentum to achieve highest growth standards in its every endeavor. With the
strong desire to achieve higher growth, SUPREME eagerly looks forward to
international trading through strategic alliances with business partners on the
global horizon.
Company Trade :
SUPREME has access and trading activities on a wide spectrum of products
and specializes in International trade of Industrial and Specialty Chemicals,
Leather Chemicals, Solvents, Bulk drugs, pharmaceuticals and intermediates,
Petrochemicals etc. Presently, Concern are in active trade with leading IS09002
companies and trans-national corporations from around the world.
Achievement :
SUPREME has received twice India's most recognized & prestigious award called "Jamnalal Award for Fair Business Practices" in year 1997 & 2000 in reorganization for best trading value.
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.43.70 |
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UK Pound |
1 |
Rs.85.90 |
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Euro |
1 |
Rs.58.25 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
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PAID-UP CAPITAL |
1~10 |
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OPERATING SCALE |
1~10 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
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--PROFITABILIRY |
1~10 |
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--LIQUIDITY |
1~10 |
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--LEVERAGE |
1~10 |
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--RESERVES |
1~10 |
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--CREDIT LINES |
1~10 |
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--MARGINS |
-5~5 |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
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--LITIGATION |
YES/NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
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--EXPORT ACTIVITIES |
YES/NO |
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--AFFILIATION |
YES/NO |
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--LISTED |
YES/NO |
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--OTHER MERIT FACTORS |
YES/NO |
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TOTAL |
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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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