MIRA
INFORM REPORT
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Report Date : |
07.05.2007 |
IDENTIFICATION DETAILS
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Name : |
MAA KALI EXPORTS PRIVATE LIMITED |
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Registered Office : |
74/A, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
18.01.2006 |
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Com. Reg. No.: |
107343 |
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CIN No.: [Company
Identification No.] |
U51909WB2006PTC107343 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CALM07709C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and exporter of leather Goods and Accessories and Jute
Products. |
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 : |
New Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and in the process of establishing itself. Directors
are however reported as experienced and respectable businessmen. Trade
relations are reported as fair. Payments are reported as usually correct and
as per commitments The company can be considered for small to mediocre business dealings
with slight caution initially. |
LOCATIONS
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Registered Office : |
74/A, |
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Tel. No.: |
91-33-32002543 |
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Mobile No.: |
91-9331028625 |
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Fax No.: |
91-33-23430187 |
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E-Mail : |
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DIRECTORS
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Name : |
Mr. Bateshwar Jha |
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Designation : |
Directors |
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Address : |
557 – |
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Date of Appointment : |
18.01.2006 |
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Name : |
Mrs Indu Jha |
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Designation : |
Director |
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Address : |
557 – |
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Date of Appointment : |
18.01.2006 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Bateshwar Jha |
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5000 |
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Mrs Indu Jha |
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5000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and exporter of leather Goods and Accessories and Jute
Products. |
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GENERAL INFORMATION
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No. of Employees: |
25 |
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Bankers : |
Canara Bank, |
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Banking
Relations : |
Satisfactory |
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10/-each |
Rs.0.500 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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20000 |
Equity Shares |
Rs. 10/-each |
Rs.0.200
million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Available
LOCAL AGENCY FURTHER INFORMATION
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Corporate identity number (CIN) Foreign company registration number |
U51909WB2006PTC107343 |
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Name of the Company |
MAA KALI EXPORTS PRIVATE LIMITED |
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Address |
74/a, |
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This form is for |
Creation of Charge |
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Type of Charge |
Hypothecation |
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Particulars of the charge holder
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Canara Bank |
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Amount secured by the charge |
Rs.6.000 million |
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Brief of the principal terms and conditions |
The security created under above referred Agreement shall operate as
continuing security. Interest and other charge are charged according to Bank‘s terms and
conditions, however the same is subject to change from time to time. Margin
as may be stipulated by the bank from time to time. The charged goods shall be kept at the company’s risk and expense in
good condition and fully insured against loss or damaged by fire, theft and
other risk as may be necessary and required by the bank with some insurance company/
companies approved by the bank in the joint names of the bank and the
company. The company declare that all present debts, stock and assets aforesaid
are the absolute property of and at the sole disposal of the company and free
from any prior charge or encumbrance and that all future debts, stock and
assets shall be likewise the unencumbered absolute and disposable property of
the company. The company shall not during the continuance of the above referred
agreements hypothecates or otherwise charge or encumber without previous
consent of the bank in writing any of the hypothecated goods, book debts and
other assets over which lien of the
bank shall extend or the expressed or intended to extend nor do or permit any
act whereby the security herein before expressed to be given to the bank
shall be in any way prejudicially affected. PC to be covered under the WTPCG of ECGC Limited Other terms and conditions are as per enclosed agreements and sanction
letter. |
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Description of the property charged indicating |
Stock in Trade , Book Debts, Others |
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Particular of the property charged |
The company both hereby hypothecates and charges by way of first
charge to and in favour of the bank as security for amount owing and
outstanding to the bank- (1)
the whole of the company’s present and future
stocks of raw materials, goods-in-process of manufactures and all finished
and manufactured goods articles such as leather and leather. Products viz.
hand bag, wallet etc. and jute products viz. jute bags etc. together with all
store components and spares which now being to or may her after from time to
time during the continuance of their security belong to the borrower and
which are or shall or may be brought into stored or be in or upon or about
the borrower’s factory, godown and /or other premises at 74\A, Tijala Road ,
kolkata – 700039, in the state of West Bengal of wherever else the same may
be situated, stored or lying or being, including any such raw materials,
articles or goods, stores, spares and components or other similar movable
property in course of transit or delivery to the borrower. (2) all the company’s present and future book debts, outstanding,
monies receivable, claims bills, right to or immovable properties and movable
assets and which are not due, owing or payable or belonging to the company or
which may at any time hereafter furing the continuance of this security
becomes due, owing ,payable or belonging to the company as security to the
bank of due payments by the company to the bank on demand of all monies at
any time payable by the company to the bank in respect of loan account or
other liabliity |
Company Details:
subject is one of the pioneers as a
manufacturer, exporter and supplier of Leather Goods and Accessories and
Jute Products. Incepted in the year 2005, they have made a distinctive
place in the Leather and Jute market with their sincere and dedicated
services to our clients. their Leather products are available in a
variety of designs and patterns to fulfill the demands of our customers. They
have carved a niche for ourselves in this industry and the products that they
manufacture have received overwhelming support and loyalty from theircustomers
that are scattered across the globe.
The company's main aim is to maintain high quality of
workmanship, good quality and offer sincere services to their valued customers.
To achieve this, they have a sound base fully equipped with latest machines and
tools required to manufacture the matchless quality products. In their company,
emphasis is laid on quality control at all levels, with a final check on all
the products before dispatch. This effectively assists them in meeting the high
standards required by their customers with on-time delivery.
Our
They have expertise to manufacture products in new designs,
shapes, sizes and looks. All their products are crafted to precision. Their
production unit is equipped with machines to manufacture the products that meet
the specifications. They are the manufacturer, exporter and supplier :
- Small Leather
Goods and Accessories
- Ladies Wallet
- Jewelry Pouch
- Passport
Holder
- Mens Wallet
With Keychain
- Leather Bags
- Jute Bags
- Jute Bottle
Bags
- Shopping Jute
Bags
- Wine Bags
(For Single Bottle, Double Bottles, Four Bottles and Six Bottles)
- Cotton Bags
- Jute Bags
They have a team of experts and
professionals who continuously strive to create innovative range of Leather
Goods and Accessories and also Jute products. They have a sound
infrastructure base equipped with all the latest machineries and equipments
operated by skilled and trained technicians. They share a long term and trusted
relationship with the clients who always appreciate their products for their
exclusive designs and better quality. They are an export oriented organization
and all their products are exported to the countries across the globe.
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 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. |
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1 |
Rs. |
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Euro |
1 |
Rs. |
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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