MIRA
INFORM REPORT
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Report Date : |
05.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
YOGESH ENTERPRISES |
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Registered Office : |
Jadhavwadi, Po Chikhali, Tal Haveli, Pune – 410501, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2005 |
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PAN No.: [Permanent
Account No.] |
AIUCC9808P |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Trolleys and Wheels. |
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 2500 |
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Status : |
Small Concern |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small concern meeting its smaller commitments
over times as reported. Trade relations are fair. Scale of activity is
limited. The concern can be considered good for small to mediocre business
dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. S. N. Pawar |
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Designation : |
Proprietor |
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Date : |
02.08.2008 |
LOCATIONS
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Registered Office : |
Jadhavwadi, Po Chikhali, Tal Haveli, Pune – 410501, Maharashtra, India |
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Tel. No.: |
91-20-65102749 |
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Mobile No.: |
91-9890362975 / 9226082451 |
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E-Mail : |
yogeshenterprises_pune@yahoo.com |
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Website : |
http://www.indiamart.com/yogeshenterprises.com |
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Area : |
500 sq ft |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. S. N. Pawar |
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Designation : |
Proprietor |
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Date of Birth/Age : |
40 years |
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Qualification : |
B. A. |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Trolleys and Wheels. |
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Products : |
v
Hydraulic
Electric Scissor Table |
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Terms : |
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Selling : |
Credit (30 days) |
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Purchasing : |
Cash / Credit (30 days) |
GENERAL
INFORMATION
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Customers : |
Wholesalers and Retailers |
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No. of Employees : |
5 |
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Bankers : |
Pimper Chinchor Sahakari Bank, Chinchor Branch |
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Auditors : |
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Name : |
Nimbalkar and Company (Chartered Accountant) |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.500 Million |
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Borrowed : |
0.000 |
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Total : |
Rs. 0.500 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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1.800 |
Expected Sales (2008-09) : Rs. 2.500 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance
Chart
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Existence Verification |
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Name |
Yogesh Enterprise |
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Statutory Approvals |
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Income Tax Registration |
AIUCC9808P |
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Central Sales Tax Registration |
27690575642-C |
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VAT/ TIN Registration |
27690575642-V |
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Name of Bank |
Pimper Chinchor Sahakari Bank, Chinchor Branch |
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Current Account Number |
2344 |
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Account Since |
3 years |
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Credibility Factors |
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IndiaMART Client Since |
1 year |
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Years of Establishment |
2005 |
Profile:-
Subject is engaged
in manufacturing and supplying of various material handling equipments. They
have carved a niche in the market by delivering high quality products. Under
the able guidance of their mentor, Mr. S.N. Pawar; we have developed the
ability to offer their products in customized options, as per client
specifications.
They manufacture their products from superior quality raw materials under the
supervision of industrial experts. Their products are distinguished for their
special features of durability, high tensile strength and corrosion resistance.
They have a vast manufacturing unit which incorporates latest machines to
produce quality products. The unit is managed by a team of dedicated personnel.
Further concern’s aim is to achieve customer’s confidence with their superior
quality maintenance and repairing services they have earned a huge base of
clients.
Trade
References:-
v
Bhavdev Auto Company Private Limited, Maharashtra, India
v
Asia Pradha Private Limited, Maharashtra, India
v
Ninda Limited, Maharashtra, India
v
Shipyard, Ratnagiri, India
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 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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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 |
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 |
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27 |
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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