MIRA
INFORM REPORT
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Report Date : |
15.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
RELIABLE AUTOEXPO |
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Registered Office : |
10/1133A, 3RD Floor, Naiwala, Karol Bagh, New Delhi – 110
005 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1994 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Traders and Exporters of Autoparts |
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. |
Small |
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Maximum Credit Limit : |
USD 10000 |
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Status : |
Small Concern |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small concern. Proprietor is reported as experienced
and respectable. Trade relations are fair. Payments are reported as slow but
correct. The concern can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
10/1133A, 3RD Floor, Naiwala, Karol Bagh, New Delhi – 110
005, India |
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Tel. No.: |
91-11-41547929 |
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Fax No.: |
91-11-41547929 |
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E-Mail : |
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Website : |
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Area : |
1500 sq. ft. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Rajeev Kumar |
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Designation : |
Proprietor |
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Date of Birth/Age : |
33 years |
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Qualification : |
Graduate |
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Experience : |
15 years |
BUSINESS DETAILS
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Line of Business : |
Traders and Exporters of Autoparts |
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Products : |
Autoparts |
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Brand Names : |
v Auto Electrical
Parts v Automotive
Accessories v Other Automotive
Parts v Motorcycle Parts v Two Wheeler v Spare Parts v Three Wheeler
Spare Parts |
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Exports : |
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Products : |
Autoparts |
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Countries : |
v Asian v Middle East
America v UK |
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Terms : |
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Selling : |
L/C, Credit ( 30 to 90 days ), T/T |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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Customers : |
v Retailers v OEM’s v Corporate |
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No. of Employees : |
7 |
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Bankers : |
v Indian Bank,
Karol Bagh |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. Rajinder Singh Chhabra Chartered Accountants |
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Associates/Subsidiaries : |
Bharat Automobiles, Delhi Line of Business : Traders of Autoparts |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.500 Millions |
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Borrowed : |
- |
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Total : |
Rs. 2.500 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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3.000 |
4.000 |
Expected Sales (2007-08) : Rs. 5.000Millions
LOCAL AGENCY
FURTHER INFORMATION
Website Details
Attached:
Profile:
Subject is the supplier of best quality two wheeler and three wheeler spare parts and accessories to importers, distributors and retailers. The company was incepted in 1997 to provide various products for different models of Hero Honda, Bajaj, LML Vespa, Kinetic, TVS Suzuki, Yamaha and three wheelers.
They supply good quality products at par with the price offered by the auto
part manufacturer. Under the strict quality check by their professionals they
get the goods made on the contract basis. Catering to the needs of the various
types of customers, they offer wide range of products in both bulk and in small
quantities.
Their strong commitment with their customers has propelled them to acquire the
top position in the auto spare parts industry.
Products:
Their concern is a rapid response supplier of Indian motorcycle spare parts to importers, distributors and retailers, who require top quality and reliable spare parts. They supply following spare parts to their various customers:
Products by Usage:
Products by Type
v Motorcycle Parts
v Two Wheeler Spare Parts
v Three Wheeler Spare Parts
Packaging:
They provide world class packaging for their all product range. As both bulk and small orders are accepted by them, they take utmost care to package them keeping in mind that two wheeler and three wheeler spare parts are not damaged during the transition. Special care is taken that headlight assemblies, rear view mirrors and indicators are cautiously packed in the wooden boxes so that glass/ mirror doesn't break.
Quality:
Quality is the way of life at Subject. The concern ensures
that the products are made of superior quality raw materials. It follows
stringent quality control checks at all the stages from procurement to
delivery. Every process is strictly monitored and every automotive spare part
is subject to the most stringent tests before reaching to the end user. This
ensures quality of each of their 'RELIABLE' motorcycle products. They always
desire to deliver precision-engineered goods to their buyers. As quality leader
in their sphere of operations and cater to the requirements of the industry by
offering matchless services and quick response to the OEMs and other valued
customers.
They boast of their capacious and firmly constructed storage facility supported
by a competitive and highly skilled team of personnel, which helps them to
supply quality assured automotive parts with complete customer specifications.
Their reputation for high-quality products, combined with on-time delivery of
products, favorable technical assistance and excellent after sales service, has
made their company the ultimate source for motorcycle parts.
They guarantee the supreme quality, ingenuity and durability of the spare
parts. Every process is strictly monitored in every department to ensure
quality of each an every motorcycle parts.
Customer Service:
Customer satisfaction has been Subject’s motto. They have been leading the industry in spare parts availability at reasonable price backed by efficient customer service.Our primary goal has always been to please every customer with the best service and in case, they find some problem or defect with certain product then they can be replaced.
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. 39.33 |
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UK Pound |
1 |
Rs. 81.70 |
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Euro |
1 |
Rs. 57.67 |
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 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
YES |
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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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32 |
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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