MIRA
INFORM REPORT
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Report Date : |
18.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
GAURAV INTERNATIONAL |
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Registered Office : |
Gular Road, Aligarh – 202 001 , Uttar Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
1980 (But Started Functioning in 1983) |
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IEC No.: |
0688002480 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AGRG10484F |
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PAN No.: [Permanent
Account No.] |
AABCG2171L |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Manufacture and Exporter of Aluminium Building Hardware, Curtain Fittings,
Safety Chain, Pull Handles, Brackets, Tieback Hooks, Brass Hardware Fittings,
Cabinet Knobs, Door Furniture and Victorian and Georgian Brass Latches and
Locks. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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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 40000 |
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Status : |
Good |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is well established concern having satisfactory track.Trade
relations are fair.Payments are usually correct and as per commitments. The concern has shown steady progress. It can considered good for normal business dealings at usual trade
terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Gaurav |
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Designation : |
Partner |
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Contact No.: |
91-9927060491 |
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Date : |
13.08.2008 |
LOCATIONS
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Registered Office : |
Gular Road , Aligarh – 202001 , Uttar Pradesh |
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Tel. No.: |
91-571-2522474 |
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Mobile No.: |
91-9927060491 |
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Fax No.: |
91-571-2522475 |
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E-Mail : |
info@gaurav-international.com
/ info@curtainhardwares.com / gugiee@nde.vsnl.net.in / gaurav@vsnl.com /
gauravinternational@gmail.com |
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Website : |
www.gaurav-international.com
/ www.curtainhardwares.com /
www.trustseal.org/members/curtainhardwares |
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Area : |
5000 Sq.ft. |
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Location : |
Owned |
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PARTNERS
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Name : |
Mr Gaurav Sharma |
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Designation : |
Partner |
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Address : |
Aligarh |
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Age : |
29 Years |
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Qualification : |
Post Graduate |
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Experience : |
7 Years |
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Name : |
Mr. Shyam Sharma |
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Designation : |
Partner |
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Address : |
Aligarh |
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Date of Birth/Age : |
60 Years |
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Qualification : |
MECH. ENGG. |
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Experience : |
35 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer And Exporter Of Aluminium Builders Hardware, Curtain Fittil
Safety Chain, Pull Handles, Brackets, Tieback Hooks, Brass Hardware Fittil
Cabinet Knobs, Door Furniture And Victorian And Georgian Brass Latches Locks. |
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Exports : |
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Products : |
Building Hardwares. |
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Countries : |
Europe, America, South Africa, Australia, Brazil, |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
United States |
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Terms : |
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Selling : |
L/C ,Cash (60 days), Credit
(30 days) |
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Purchasing : |
L/C , Cash (60 days), Credit (30 days) |
GENERAL
INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
25 (in office) , 220 (in factory) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
Mr. Monaj Shingal (Chartred Accountants) |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.8.000 millions |
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Borrowed : |
0.000 |
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Total : |
Rs.8.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
SUMARIZE (BALANCE SHEET)
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Particulars |
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31.03.2008 |
31.03.2007 |
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Partners Capital |
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8.000 |
9.000 |
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Fixed Asset |
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22.500 |
24.320 |
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Investment |
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3.515 |
3.000 |
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Current Asset |
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Inventories |
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3.200 |
3.100 |
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Cash and Bank |
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2.510 |
2.406 |
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MISCELLANEOUS EXPENSES |
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0.557 |
1.040 |
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Current Liability |
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38.700 |
37.420 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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180.000 |
173.700 |
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Other Income |
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0.000 |
0.000 |
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Total Income |
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180.000 |
173.700 |
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Profit/(Loss) Before Tax |
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11.250 |
11.160 |
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART
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Parameters |
Detail |
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Existence Verification |
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Name |
Gaurav International |
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Address |
Gular Road, Aligarh – 202001 |
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2nd Address |
Gular Road, Aligarh – 202001 |
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Phone / Mobile Numbers |
91-571-2522474 / 9927060491 |
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Fax Number |
91-2522475 |
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Electricity Bill |
Electricity Bills is in name of Company MNFRS.AND
EXPORTERS OF BLDG HARDWARES |
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Statutory Approvals |
Partnership |
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Legal Status of Firm |
1) Mr. Gaurav Sharma , Aged 29 years 2) Mr. Shyam |
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Income Tax Registration |
AABCC2171L |
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Import Export Code |
688002480 |
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Name of Bank |
Bank of Baroda , Aligarh |
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Current account Number |
2004 |
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Account Since |
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Emp PF Reg Number |
ND |
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Company ESI Reg Number |
ND |
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RBI Code Number |
AABCC2171L |
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Creditability Factors |
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India Mart Client Since |
NEW MEMBER |
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Years of Establishment |
1980 But Functioned From 1983 |
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Trade Affiliations |
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Export Promotion Council |
ENGG.EXPORT PROMOTION COUNCIL |
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Standards and Certifications |
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Quality Management Systems |
Yes Maintaining Full Quality Control |
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Safety Certificates |
Yes Maintaining Full Quality Control |
TRADE REFERENCES:
1)
Specialist Private. Limited. – UK
2)
B.W.- Hardware – Ire Land
3)
J.G.Penny - USA
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.82 |
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UK Pound |
1 |
Rs.80.01 |
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Euro |
1 |
Rs.63.83 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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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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54 |
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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