MIRA
INFORM REPORT
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Report
Date : |
03.04.2008 |
IDENTIFICATION DETAILS
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Name : |
NAYYAR ENTERPRISES |
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Registered
Office : |
Shop No. 2,5,6, Plot No. 10, DDA Shopping Centre, Naraina,
Phase- I, New Delhi-110028 |
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Country
: |
India |
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Financials
(as on) : |
31.03.2008 |
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Date
of Incorporation : |
01.04.1995 |
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IEC
No.: |
0500033595 dated August 28, 2000 |
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TAN
No.: (Tax
Deduction & Collection Account No.) |
DELN04493G |
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PAN
No.: (Permanent
Account No.) |
AAAFN2707P |
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Legal
Form : |
Partnership concern with an unlimited liability of the
partners. |
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Line
of Business : |
Trader and Importer of Printing Inks |
RATING & COMMENTS
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MIRA’s
Rating : |
Ba |
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 42000 |
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Status
: |
Satisfactory
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Payment
Behaviour : |
Usually
correct |
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Litigation
: |
Clear |
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Comments
: |
Subject is a well established concern having satisfactory
track. Trade relations are fair. Payments are usually correct and as per
commitments. The concern can be considered normal for business dealings
at usual trade terms and conditions. |
INFORMATION PARTED BY
|
Name : |
Mr. Rajiv
Bhandari |
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Designation
: |
Managing
Partner |
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Contact
No.: |
91-9810062534 |
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Date : |
03.04.2008 |
LOCATIONS
|
Registered
Office : |
Shop No. 2,5 & 6, Plot No. 10, DDA Shopping Centre,
Naraina, Phase- I, New Delhi-110028, India |
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Tel.
No.: |
91-11-41410626/
41410629 |
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Mobile
No.: |
91-9810062534 |
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Fax
No.: |
91-11-41410626 |
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E-Mail
: |
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Area : |
1600 sq. fts |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Rajiv K. Bhandari |
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Designation
: |
Partner |
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Address
: |
52/6, Old Rajen Nagar, New Delhi – 110060, India |
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Date
of Birth/Age : |
38 years |
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Qualification
: |
Merchant Navy Graduate |
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Experience
: |
13 years |
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MobileNo.
: |
91-9810062534 |
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Name : |
Mrs. Meenu Rajiv Bhandari |
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Designation
: |
Partner |
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Address
: |
52/6, Old Rajen Nagar, New Delhi – 110060, India |
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Date
of Birth/Age : |
36 years |
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Qualification
: |
Graduate |
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Name : |
Mrs. Rajeshree R. Nayyar |
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Designation
: |
Partner |
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Address
: |
4/31, W. E. A. Karol Bagh, New Delhi-110005 |
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Date
of Birth/Age : |
58 years |
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Qualification
: |
Graduate |
BUSINESS DETAILS
|
Line
of Business : |
Trader and Importers of Printing Inks |
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Imports
from : |
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Products: |
Printing Inks |
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Countries: |
Belgium, Europe |
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Terms
: |
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Selling : |
Credit |
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Purchasing : |
Credit (120-150 days) |
GENERAL INFORMATION
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Customers: |
End Users, Printers and Corporate Clients |
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No. of
Employees : |
15 |
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Bankers
: |
UCO Bank, DDA Shopping Centre, Naraina, New Delhi-110028 C/C A/c 5066 |
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Facility
: |
Rs. 5.000 Millions |
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Banking Relations : |
Satisfactory |
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Auditors
: |
Sudhir Jain and Associates (Chartered Accountants) |
CAPITAL STRUCTURE
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Capital
Investment : |
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Owned : |
Rs. 5.500 Millions |
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Borrowed : |
Rs. 5.000 Millions |
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Total : |
Rs. 10.500 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
|
31.03.2008 |
31.03.2007 |
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Sales
Turnover |
|
55.000 |
47.000 |
LOCAL AGENCY FURTHER INFORMATION
TRADE REFERENCES:-
v
Galaxy
Offset (New Delhi)
v
Quality
Printers (New Delhi)
v
Model
Press (New Delhi)
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.39.97 |
|
UK Pound |
1 |
Rs.79.78 |
|
Euro |
1 |
Rs.62.60 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
|
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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
|
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
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 |
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable
& favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute
credit risk exists. Caution needed to be exercised |
Credit not recommended |
|
NR |
In view of
the lack of information, we have no basis upon which to recommend credit
dealings |
No Rating |
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