MIRA
INFORM REPORT
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Report Date : |
11.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
UMA INTERNATIONAL |
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Registered Office : |
22, Barisha Purbapara School Road, Kolkatta – 700063, West Bangal. |
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Country : |
India |
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Year of Established : |
1995 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Dealer of Finishing Tackle Reccesories |
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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
No direct contact could be established with the concern as obtained
telephone and mobile numbers are out of order / disconnected. No payment are available. The concern can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
22, Barisha Purbapara School Road, Kolkatta – 700063, West Bangal,
India |
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Tel. No.: |
91-33-24971840 |
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Mobile No.: |
91-9830123930 |
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Fax No.: |
91-33-24971491 / 24647596 / 24645549 |
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E-Mail : |
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Website : |
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Area : |
Small |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
NA |
KEY EXECUTIVES
|
Name : |
Mr. Sumit Sanyal |
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Designation : |
Export Manager |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Dealer of Finishing Tackle Reccesories |
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Products : |
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Exports : |
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Products : |
Fishing Tackie Accessories |
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Countries : |
UK, USA, Germany, Spain, France, Italy, Kenya, Neatherland |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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Customers : |
Wholesaler and Retailer |
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No. of Employees : |
4 |
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Bankers : |
NA |
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Banking
Relations : |
Unknown |
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Auditors : |
NA |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
NA |
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Borrowed : |
- |
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Total : |
NA |
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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Not Available |
LOCAL AGENCY
FURTHER INFORMATION
Web Details
Attached
Profile
Subject is a leading manufacturing firm since 1995 producing fishing
tackle and accessories under the name Subject. They have since ventured into exporting
in 1999 with the sole goal of supplying quality fishing tackle to importers,
wholesalers & dealers worldwide. They are a professionally managed export
company, manufacturing and exporting quality tackle and accessories for carp
fishing, coarse fishing, sea fishing, fly tying products to satisfied customers
in UK, USA, Germany, Spain, The Netherlands, France, Italy, Norway, Denmark
etc.
With extensive R&D, supported by feedback from their customers &
anglers they have produced wide range of quality fishing tackle ensuring that
their wholesalers/ importers get "Quality product at the Right price"
and earn better profit margins.
Quality and Delivery
At Subject, quality and on-time delivery of products are the two most
important aspects that they strictly strive to adhere by.
The entire manufacturing process is supervised by experts to ensure the
flawless quality of their products. They deliver products that are of high
quality .A stringent quality control ensures that the product measure up to the
requirement of discriminating anglers.
Products are stored in their 2500 sq ft warehouse in Calcutta-India. Backed up
their competent staff that allows efficient packaging, orders are shipped
directly to different customs port worldwide. Fast reaction times have become
o-ne of the most important demands of their customers and UMAS is striving to
meet those demands. Using latest IT and logistics systems ensuring a faster
turn round of orders.
Customized Packing
For their wholesalers, importers, dealers they offer a wide range of
customized packing solutions to market products under their own brand names.
They can design and pack a unique solution that truly differentiates the
product and enhance sales. They specialize in packing their tackle in "Ready
to Retail Sell " and Display-Trade pack as per customer requirement with
their logo and artwork and bar code. They have a separate in-house packing
department to look after this.
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.42.20 |
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UK Pound |
1 |
Rs.81.48 |
|
Euro |
1 |
Rs.64.27 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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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 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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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36 |
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 |
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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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