MIRA
INFORM REPORT
|
Report Date : |
25.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
MITTRA TRADING COMPANY |
|
|
|
|
Registered Office : |
18-A, Ramdhone Mittra Lane, Kolkata – 700 004, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2008 (Estimated) |
|
|
|
|
Year of Establishment : |
1965 |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business : |
Manufacturer, Exporter and Importer of Flash Lights. (Ever Light
Super). |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 2500 |
|
|
|
|
Status : |
Small Concern |
|
|
|
|
Payment Behaviour : |
Delayed |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Mr. N. Chatterjee of the concern denied business details even after
divulging the inquirer’s name, From secondary sources, it has been gathered that
the concern has small business. Its payments are not available. No banker’s name was divulged. The concern can be considered for any small business dealings on safe
and secured trade terms and conditions, only. |
INFORMATION
DECLINED BY
|
Name : |
Mr. N. Chatterjee |
|
Date : |
20.08.2008 |
LOCATIONS
|
Registered Office / Factory : |
18-A, Ramdhone Mittra Lane, Kolkata – 700 004, West Bengal, India |
|
Tel. No.: |
91-33-25556093 |
|
Mobile No.: |
91-9831181577 |
|
Fax No.: |
91-33-25301175 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
500 Sq. ft. |
|
Location : |
Owned |
PROPRIETOR
|
Name : |
Mr. K N Mittra |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
40 Years |
|
Qualification : |
Graduate |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Flash Lights. (Ever Light
Super). |
|
|
|
|
Products : |
v Led Candle Torch
Light v Led Torch Light v Brass Torch v Brass Body Torch
350ft v Brass Body Torch v Led Key Chain
Torch v Chrome Plated
Metal Torch v Spares v Led Metal Torch v Led Torch Light
New v Plastic Led
Torch |
|
|
|
|
Exports : |
|
|
Products : |
v Flash Light |
|
Countries : |
v African
Countries v Pakistan v Bangalore |
|
|
|
|
Imports : |
|
|
Products : |
v Raw Materials |
|
Countries : |
v China |
|
|
|
|
Terms : |
|
|
Purchasing : |
Telegraphic Transfer |
GENERAL
INFORMATION
|
Customers : |
v Wholesalers v Retailers v End Users |
|
|
|
|
No. of Employees : |
Total : 8 (Office : 2, Factory : 6) |
|
|
|
|
Bankers : |
Not Divulged |
|
|
|
|
Banking
Relations : |
Unknown |
|
|
|
|
Auditors : |
|
|
Name : |
Not Available |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 0.500 million (Estimated) |
|
Borrowed : |
-- |
|
Total : |
Rs. 0.500 million (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
|
31.03.2008 |
|
Sales Turnover (Estimated) |
|
|
5.000 |
LOCAL AGENCY
FURTHER INFORMATION
As Per Website
Details
One of the largest manufacturers of flashlights in India, subject had a dream to empower individuals across the length and breadth of the country by putting a flashlight in every hand. A flashlight whose battery lasts and lasts. Forever.
It was this dream is today a reality. The Everlite Super flashlight, a patented
offering from MTC. It can be claimed with certainty that invention is one of a
kind. Not just in India but the world.
From 2-in-1 torches to brass-plated flashlights, the Everlite Super range is
truly unique. The models come with several path breaking features and span the
entire gamut - from LED candle torches to chrome-plated metal torches - to suit
every budget. Some can deliver 500+ hours of super bright white light
that is 100 times more than what’s possible with conventional torches. In some,
the bulb life is 1,00,000+ hours! Moreover, they come with a shock proof, water
resistant body and a failure-proof twist switch. All of which ensures that not
just the battery but the flashlight itself lasts for years.
All these advances in technology would have come to naught, however, without a
means of reaching them to the man on the street. Not just in cities and towns,
but in the hinterland. Subject is supported by a strong distribution network
that spans the country, ensuring that this landmark brand is always within easy
reach of customers.
Propelled by this pioneering invention, Subject is the leader by far in the
portable flashlight segment. With a slew of new products on the anvil, the
concern is taking huge strides towards realizing Krish’s vision. A vision of
lighting up lives, making them shine bright. Forever.
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 :
The 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.
The 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. 43.58 |
|
UK Pound |
1 |
Rs. 80.31 |
|
Euro |
1 |
Rs. 64.16 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
21 |
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 |
|
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, they have no basis upon which to
recommend credit dealings |
No Rating |
|