MIRA
INFORM REPORT
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Report Date : |
21.05.2007 |
IDENTIFICATION DETAILS
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Name : |
S V ENTERPRISES |
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Registered Office : |
No: 4, B-1225, Gharoli Dairy Colony, Mayur Vihar, Pahse-III, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2002 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners |
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Line of Business : |
Manufacturer and Exporter of Handloom, textiles, Home Furnishing
Products and Made-ups |
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 8000 |
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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 and reputed concern having satisfactory
track. Partners are reported as experienced and respectable businessmen. Trade
relations are reported as fair. Business is active. Payments are usually
correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
No: 4, B-1225, Gharoli Dairy Colony, Mayur vihar, Pahse-III, |
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Tel. No.: |
91-11-22619455 |
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Fax No.: |
91-120-2494266 |
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E-Mail : |
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Website : |
http://sventerprise.tradeindia.com |
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Area : |
500 sq. ft |
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Location : |
Rented |
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Factory 1 : |
No.20, 1st Cross, Sengunthapuram, Karur;639002, |
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Tel. No.: |
91-4324-232346/ 232347 |
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Area : |
2000 Sq.ft |
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Location : |
Owned |
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Factory 2 : |
428/9, Mastna Chowk, Near New Subzi Mandi, Panipat;132103, |
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Tel. No.: |
91-9899395442 |
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Area : |
1000 Sq. Ft. |
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Location : |
Owned |
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Factory 3 : |
S.V. ENTERPRISES No. 20, Ist Cross Sengunthapuram, Karur–639002
Tamil |
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Tel. No.: |
91-4324-232346 |
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Fax No.: |
91-4324-232347 |
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Factory 4 : |
S.V. ENTERPRISES 428/9, Mastna Chowk, Near New Subzi Mandi, Panipat –
132103, |
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Tel. No.: |
91-11-9899395442 |
PARTNERS
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Name : |
Mr. Subramanium |
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Designation : |
Partner |
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Date of Birth/Age : |
58 Years |
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Qualification : |
Graduate |
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Experience : |
20 Years |
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Name : |
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Designation : |
Partner |
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Mobile No: |
91-9873411882/ 9899395442 |
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Date of Birth/Age : |
38 Years |
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Qualification : |
Graduate |
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Experience : |
15 Years |
KEY EXECUTIVES
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Name : |
Mr. Vikas Gupta |
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Designation : |
Chief Executive |
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Mobile No: |
91-9811889093 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Handloom, textiles, Home Furnishing
Products and Made-ups |
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Products : |
Home Furnishings Quilts Cushion cover Throws Durries Shaped Rugs Bath Mats Kitchen Textiles Bed Spreads Curtains Handloom Products Bed Linens Chairs Pad Beach Mattress Kitchen Linen Furnishing Fabrics Cotton Cushions Textiles Products Table Covers Kitchen towels Home Furnishing Made –ups Floor Cushions Home Furnishing Made Ups. Hoem Furnishing Made-ups |
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Terms : |
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Selling : |
Local Sales: Cash or 30 days Credit |
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Purchasing : |
Local Purchase: Cash or 45 days Credit |
GENERAL INFORMATION
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Suppliers : |
Local Purchase of Raw Material |
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Customers : |
Jagdeesh Stores- Lajpqt Nagar, New Delhi-110024 Home Saz- Lajpat Nagar, Lal furnishing- Sarojni Nagar, New Delhi-110022 |
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No. of Employees : |
Total: 20 |
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Bankers : |
The South Indian Bank , Noida, UP |
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Facilities : |
Rs.1.000 Millsions |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
The Cotton Textile Export Promotion council Handloom Export Promotion
Council |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.2.000 Millions |
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Borrowed : |
0.000 |
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Total : |
Rs.2.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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12.000 |
10.000 |
Gross Profit: 12 to 13%
Profit after Tax: 7 to 8%
Excepted Sales for the Year(2007-08) : Rs.15.000 Millions
LOCAL AGENCY FURTHER INFORMATION
Programs of Company:
Wanted to start direct export Export in
As Per web Site:
A Company is a part of a 4 year old highly reputed service
oriented organization, which has been enjoying the confidence of its several
clients for rendering impeccable services in the field of Home Furnishings.
Maintaining this tradition, comapny has a set up a reputation for
itself in the field of Exports. During the past several years, Comapny has been successfully
exporting a wide range of Handloom, Textile, Home Furnishing Products and
Made-ups, in small and large quantities, across the length and breadth of the
globe-always maintaining the time schedules, highest quality and best possible
deals for its valued customers.
Their manufacturing units at Karur, Delhi and Panipat, they offer a wide range of
Home Furnishing made-ups ranging from Quilts to Cushion Covers, Throws to
Durries, Shaped Rugs, Bath Mats and Kitchen Textiles, Curtains, etc. with
traditional excellence of Indian Craftsmen and artisans in vast variety of
exquisite patterns and elegant woven designs in different weaves.
Company meticulously adheres to
stringent quality control measures and inspection procedures; and never had any
rejection from any of its quality conscious buyers. They use best quality dyes,
yarns and other raw materials.
Company is managed by highly qualified professionals, who
are closely associated with many National & International manufacturing and
Service Organizations.
Comapny has complete organizational set up with all necessary infrastructure,
specialized manpower and equipment required for a good Export House.
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 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.
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.40.64 |
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1 |
Rs.8017 |
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Euro |
1 |
Rs.54.74 |
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 |
6 |
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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 |
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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45 |
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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