MIRA
INFORM REPORT
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Report Date : |
05.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
KALP EXIM PRIVATE LIMITED |
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Registered Office : |
3 Rajendra Ratna, Mahesh Nagar, S V Road, Goregaon (West, Mumbai – 400
062, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
09.10.1995 |
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Com. Reg. No.: |
093404 |
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CIN No.: [Company
Identification No.] |
U51900MH1995PTC093404 |
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IEC No.: |
D30211595 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Handicraft Products |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Poor in Corporate Governance |
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Payment Behaviour : |
Unknown |
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Litigation : |
Unknown |
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Comments : |
Subject appears to be a small export of handicrafts. No financials are available. The company is poor in corporate Governance and attacks heavy penalty
from company Law Board for non-compliance. It can be considered for any business dealings on safe and secured
trade terms and conditions only. |
INFORMATION PARTED
BY
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Name : |
Mr. Ramesh |
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Designation : |
Export Department |
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Contact No.: |
91-9820737841 |
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Date : |
29.07.2008 |
LOCATIONS
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Registered Office : |
3 Rajendra Ratna, Mahesh Nagar, S V Road, Goregaon (West), Mumbai –
400 062, Maharashtra, India |
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Tel. No.: |
91-22-28895572 / 91-22-2844-0724 (5 Lines) |
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Mobile No.: |
91-9820737841 |
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Fax No.: |
91-22-28440724 / 28895572 |
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E-Mail : |
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Website : |
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Area : |
500 Sq. ft. |
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Location : |
Owned |
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Factory 1 : |
Plot No.14, Masterji Compound Lane # 1, Opp. Avtaar House, Behind St.
Anthony School, Malvani Church, Marve Road, Malad (West), Mumbai – 400 095,
Maharashtra, India |
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Tel. No.: |
91-22-32620199 |
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Factory 2 : |
345 / 346 Keshva mansion Malvani gate, No.8, Malad (West), Mumbai,
Maharashtra, India |
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Area : |
3000 Sq. ft. |
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Location : |
Owned |
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Factory 3 : |
Industrial Unit No. 9 , 14, 15, Kamraj Nagar,
Vikas C.H.S. Limited., Eastern Express Highway, Ghatkopar (East), Mumbai
- 400077, Maharashtra, India |
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Tel. No.: |
91-22-93-2323-2881 ( International +91-93-2323-2881) |
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Warehouse : |
Plot No. 14, Chikuwadi, Marve Road, Malad (West), Mumbai, Maharashtra,
India |
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Area : |
10000 Sq. ft. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Kalpesh Kabra |
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Designation : |
Director |
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Date of Birth/Age : |
40 Years |
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Qualification : |
MBA |
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Name : |
Mr. Jayant Poojari |
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Designation : |
Director |
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Date of Birth/Age : |
50 Years |
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Qualification : |
MBBS |
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Name : |
Mr. Ray Turner |
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Designation : |
Director |
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Address : |
203, North Avelon, Memphis, Tennessee – 38112, USA |
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Date of Birth/Age : |
43 Years |
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Qualification : |
MBA |
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Date of Appointment : |
09.09.2004 |
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Name : |
Mrs. Priyanka Kabra |
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Designation : |
Director |
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Address : |
1, Om Val-E-Ram Manssion, Evershine Nagar, Malad (West), Mumbai – 400
064, Maharashtra, India |
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Date of Appointment : |
09.09.2004 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Handicraft Products |
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Products : |
·
Women Wear ·
Mens Wear ·
Knit Wear ·
Fashion Jewelry ·
Beaded Accessories ·
Beaded Products ·
Home Textiles ·
Brass Ware ·
Scarfs & Stoles ·
Fabrics
(New) ·
Leather Goods ·
Furniture ·
Stone Wares ·
Product Presentation ·
Wall Hangings |
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Exports : |
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Products : |
·
Handicrafts ·
Home Furnishings ·
Fashion Accessories ·
Foodstuffs and Garments |
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Countries : |
·
European Countries ·
US |
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Terms : |
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Selling : |
Cash - Advance |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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Customers : |
Retailers |
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No. of Employees : |
15 (In Office 10 and In Factory 5) |
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Bankers : |
UCO Bank Goregaon (West), Mumbai |
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Facilities : |
Subject enjoy some facility from it’s banks. |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
B A Jain and Associates Chartered Accountants |
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Address : |
Malad (West), Mumbai, Maharashtra, India |
CAPITAL STRUCTURE
Not Available
FINANCIAL DATA
[all figures are in Rupees Millions]
The Company has not filed financials since
year 1995 and as it can be regarded as poor in corporate Governance.
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance Chart
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Parameters |
Details |
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Existence Verification |
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Name |
KALP EXIM PRIVATE LIMITED |
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Statutory Approvals |
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Income Tax Registration |
AABCK59344 |
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Import Export Code |
D30211595 |
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Credibility Factors |
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IndiaMART Client Since |
2007 |
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Years of Establishment |
1994 |
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Turn Over |
Rs.7.000 millions |
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Turn Over Year |
Rs.8.000 millions |
Trade References :
·
J C – USA
·
Motpille – France
·
ONO - Spain
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.42.40 |
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UK Pound |
1 |
Rs.83.57 |
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Euro |
1 |
Rs.66.02 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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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 |
1 |
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--PROFITABILIRY |
1~10 |
1 |
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--LIQUIDITY |
1~10 |
1 |
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--LEVERAGE |
1~10 |
1 |
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--RESERVES |
1~10 |
1 |
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--CREDIT LINES |
1~10 |
1 |
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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 |
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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11 |
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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