MIRA
INFORM REPORT
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Report Date : |
06.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
BOBBY EXPORTS |
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Registered Office : |
9/1/5, Umesh Mukherjee Road, 1st Floor, Belgharia, Kolkata
– 700 056, West Bengal |
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Country : |
India |
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Date of Incorporation : |
2005 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturers and Exporters of Garments, Leathers and Office
Stationery |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Maximum Credit Limit : |
USD 1600 |
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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 : |
Subject is a new concern and has not done significant business. No
payment are known. Initially, the concern can be considered for any business dealings at
safe and secured trade terms and conditions, only. |
LOCATIONS
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Registered Office : |
9/1/5, Umesh Mukherjee Road, 1st Floor, Belgharia, Kolkata
– 700 056, West Bengal, India |
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Tel. No.: |
91-33-25443577 / 64503952 |
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Mobile No.: |
91-9830062600 |
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Fax No.: |
91-33-25642493 |
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E-Mail : |
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Website : |
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Area : |
Approximate 1200 sq. ft. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Abhijit Ghosh |
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Designation : |
Proprietor |
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Date of Birth/Age : |
40 years |
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Qualification : |
Graduate |
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Experience : |
2 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Exporters of Garments, Leather and Office Stationery
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Products : |
v Garments v Leather v Office
Stationery v Kids
Clothing v Leather
Furniture v Stone
Furniture v Wooden
Furniture v Agro
Products v Brassware v Canvas
Bags v Cotton
Bags v Decorative
Handicrafts |
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Exports : |
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Products : |
v Garments (
Sample ) v Leather |
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Countries : |
v Mexico v Germany v Kuwait |
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Terms : |
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Selling : |
L/C AND T/T |
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Purchasing : |
50% Cash or Credit ( 30 to 60 days ) |
GENERAL
INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
20 – 50 |
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Bankers : |
v Indian Overseas
Bank
B T Road, West Bengal, India v Union Bank of
India
R A K Branch, Calcutta,
India |
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Facilities : |
L/C : depends on order ( Indian Overseas Bank ) |
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Banking
Relations : |
Unknown |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.100 Million |
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Borrowed : |
Rs. 0.300 Million |
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Total : |
Rs. 0.400 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
Sales not yet started
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
v
Ajanta Mobile, Gujarat, India
v
Pooja Pujasashion, Haryana, India
WEBSITE DETAILS
ATTACHED:
About Them:
Incepted in the year 2004, today Bobby Exports has cherished an enviable status of being able to market a
peerless product gamut. They have their registered office at West Bengal (India). Their cognizant of manpower has enabled them to work out class Office Desk Furniture and Stone Garden Furniture. Their unwavering spirit led them to make a breakthrough in their province.
They conceptualize up-to-the-minute technology in their stellar products. Their
company sets such prices which take them one step ahead of their adversaries.
They have state-of-the-art infrastructure accompanied with nimble human
resource. With years of toil, they have developed fame as notable Indian
handicrafts manufacturer and exporters.
Globalization undoubtedly opens up many horizons for the business entities but
also puts survival as the most difficult thing for them. But still there are
certain business entities who are smartly handling the diverse industrial
sectors. Subject is one of the few business entities who is engaged in offering
a plethora of products to its clients. The reputed manufacturer and exporter
offers a wide range of products ranging from readymade garments, leather items,
decorative products to the allopathic, homeopathic & ayurvedic medicines.
They also offer bags and office stationary products. Their impeccable quality,
ability to ensure bulk demand and client oriented approach helps them to earn a
dignified reputation in both domestic and global market. They want to establish
business relation with Canada, Germany, Italy, USA, Australia, France, China,
Myanmar (Burma), Thailand, Malaysia, Singapore, Philippines, Indonesia, Nepal,
Bhutan, Bangladesh etc...
Product Range:
Subject is a prominent manufacturer and exporter engaged in offering the following range of products such as:
v Garments: Mens, Womens & Kids Wear, 100% Cotton T-shirt, Jeans Trouser, Sleeping Suits, Top, Salwar Kameez, Maxi Dress, Kurtis, Lahenga, Ghagra, Choli, Sarees, Blouse, Bras, Panties, Peticoat, Underwears, etc.
v Furniture: Any kind of Household Furniture Wooden & Steel, Household Furniture Viz. A.C., T.V., DVD, VCD, Fridge, Washing Machine, Mixer-grinder, Computer, Mobile Phone, Electric Iron, Fan, Water Pump, Heater, etc.
v Leather Items: Leather Garments & Traveller Bag, Ladies/Gents Wallet & Note Case [three Folder] & Footwear
v Handicraft Items: Decorative & Utility Products made out of Bamboo & Cane, Brassware, Jute Bags, Paper Bags, Buffalo Horn Products, Terracotta, Dokra, etc., Dry & Fresh Flower. School Bag, Office Bag, Luggage and Travelers Bag made of Foam / Rexin & Mica
v Office Stationery: Computer Spare & Accessories, Printer, Scanner, Cartridge, Xerox Machine, Toner, Fax, Phone and Spare Parts, Exercise Book, Laboratory Book, Note Book, Pen, Wood Pencil, Xerox Paper Sizes A- 4 and A3, James Clip, White Ink Eraser, Gum, etc.
v Building Materials: All kinds of Building Materials & Machineries Available
v Gems & Jewelry: Ruby, Diamond, Emerald, Blue Sapphire, Hessonite Gomed Pearl, & Designed Platinum,gold, Silver & Bronze Ornaments, etc.
v Vehicle: Bi-cycle, Two Wheeler, Four Wheeler & Automobile Spare Parts
v Agro Products: Rice, Pulse, Wheat, Fruits, Food Oil, Soyabeans, Sugar, etc.
v Medicines: Allopathic, Homeopathic & Ayurvedic
v Food & Beverages.
Quality and
Infrastructure:
They are a quality driven company and follows strict quality control measures throughout their production process to ensure error free production in every stage. Every product is available in various colours and patterns to suit your requirement. The products are manufactured by employing the finest available raw material under the strict supervision of experienced professionals. They are well supported by state-of-the-art machines and a strong team of skilled professionals to deliver a range of best products to our quality savvy clients.
Client Satisfaction:
They work in close coordination with their esteemed clients to deliver them a range of innovative solutions as per their exact requirement. Their client oriented approach and strict commitment towards consumer satisfaction has helped them to win the trust of innumerable clients all over the globe.
Why They?
v Innovative designs and style setting a trend in the market.
v Fine workmanship, creativity and excellent finishing reflected in our exquisite products.
v Intense efforts of designers and craftsmen to bring out the best in every item.
v Unique range of products offered at the most reasonable prices
v Impeccable quality, utmost customer satisfaction and excellence--our hallmark.
Products:
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.
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. 39.29 |
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UK Pound |
1 |
Rs. 81.91 |
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Euro |
1 |
Rs. 56.96 |
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 |
1 |
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OPERATING SCALE |
1~10 |
1 |
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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 |
2 |
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--LEVERAGE |
1~10 |
1 |
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--RESERVES |
1~10 |
1 |
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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 |
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 |
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 |
NO |
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TOTAL |
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8 |
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. |
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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