MIRA
INFORM REPORT
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Report Date : |
28.09.2007 |
IDENTIFICATION DETAILS
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Name : |
DYANA INTERNATIONAL |
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Registered Office : |
B – 1159, Shastri Nagar, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1991 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturers, Suppliers and Exporters engaged in the production of
superlative Beauty 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. |
Small |
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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 well-established and reputed concern having satisfactory track.
Proprietor is reported as experienced and respectable businessman. 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 and usual trade
terms and conditions |
LOCATIONS
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Registered Office : |
B – 1159, Shastri Nagar, |
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Tel. No.: |
91-11-23643606 |
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Mobile No.: |
91-9810062307 / 91-9212035090 |
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Fax No.: |
91-11-23640616 |
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E-Mail : |
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Website : |
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Area : |
90 sq. mtrs. (Four Floors) |
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Location : |
Owned |
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Unit 2 : |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. A K Arora |
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Designation : |
Chief Executive Officer |
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Date of Birth/Age : |
42 Years |
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Qualification : |
Graduate |
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Experience : |
20 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers, Suppliers and Exporters engaged in the production of
superlative Beauty Products |
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Products : |
Ø
Lipstick Ø
Compact Powder Ø
Eye – Shadow and Blush Ø
Hair Removing Cream Ø
Lip Gloss Ø
Make-Up Kits Ø
Make Up Kits Cream Base Ø
Foundation Ø
Mascara and Eyeliner Ø
Shampoo Ø
Cream Ø
Gels |
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Exports : |
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Products : |
Ø
Lipstick Ø
Compact Powder Ø
Eye – Shadow and Blush Ø
Hair Removing Cream Ø
Lip Gloss Ø
Make-Up Kits Ø
Make Up Kits Cream Base Ø
Foundation Ø
Mascara and Eyeliner Ø
Shampoo Ø
Cream Ø
Gels |
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Countries : |
European Countries, |
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Terms : |
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Selling : |
L/C / Cash/Credit (30 days) |
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Purchasing : |
Cash/Credit (30 days) |
PRODUCTION STATUS
Capacity to increase production by: 35%
GENERAL INFORMATION
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Suppliers : |
Own manufacturing (purchase of raw material from open market) |
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Customers : |
CRAFTSMEN INTERNATIONAL, Punjabi Bagh, Distributors (Sales to Wholesalers, Retailers through Distributors) |
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No. of Employees : |
9 |
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Bankers : |
Allahabad Bank, Wazir Pur Industrial Area, |
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Banking
Relations : |
Satisfactory |
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Memberships : |
Cosmetic Association |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.000 millions |
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Borrowed : |
-- |
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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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8.000 |
7.000 |
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Profit/Loss for the year |
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12% |
12% |
Expected Sales (2008) : Rs. 10.000 Millions
LOCAL AGENCY FURTHER INFORMATION
Trade References:
Ø
Malhotra Traders, Mumbai
Ø
Sahil Trading Company,
Ø
K M Enterprises, Jaipur
As Per Web Details:
About Them
Subject strongly believes in offering quality products and complete
client satisfaction from the inception of the business. Due to this strong
quality policy, today the name of Subject has become identity of quality and
satisfaction not only in
To strictly monitor the quality of their products, they their selves
develop, manufacture and market quality cosmetics products across the world. A
dedicated quality control team with long years of experience in this field is
firmly dedicated to offer the best, by offering a wide range of quality products.
They prefer nature friendly products. Hence they ensure that all products
are manufactured with the best raw materials, best technological means and
under perfect hygienic conditions.
Their quality policy is governed by the rules and laws formulated by
Government of India (Drugs Department). Thus, they not only cater to the market
of 100 Million Indians, but at the same time, they are also successfully
exporting their products to several other countries, with repeat orders. This
itself is a reward of their hard work and quality policy.
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.39.74 |
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1 |
Rs.80.34 |
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Euro |
1 |
Rs.56.30 |
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 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
3 |
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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 |
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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35 |
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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