MIRA
INFORM REPORT
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Report Date : |
29.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
KHADI GRAMUDYOG VIKAS SAMITI |
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Registered Office : |
114/1, Maharajapur, Ghaziabad, Uttar Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1994 |
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Legal Form : |
Registered under co-operative Society Act of Khadi Gramudyog
Registered in Ghaziabad, Uttar Pradesh, India |
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Line of Business : |
Manufacturer, Trader and Exporter of Textile and Cloths Specially
Khadi |
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 10000 |
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Status : |
Small Society |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small Society. Its trade relations are fair. Payments are
usually correct and as per commitments.
This Society can be considered for small business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Kamal Sharma |
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Designation : |
Manager |
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Date : |
26.08.2008 |
LOCATIONS
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Registered/Head Office: |
2047/6, 3rd Floor, Chuna Mandi, Pahar Ganj, New Delhi – 110
055, India |
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Tel. No.: |
91-11-30951612 / 23582816 / 23951612 |
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Mobile Nos.: |
91-9810156766 / 9810156768 |
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Fax No.: |
91-11-23582816 |
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E-Mail : |
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Website: |
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Area : |
275 Sq. fts. |
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Location : |
Rented |
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Factory : |
114/1, Maharajapur, Ghaziabad, Uttar Pradesh, India |
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Area : |
80 Sq. mtrs. |
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Location : |
Rented |
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MEMBERS OF THE
CO-OPERATIVE SOCIETY
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Name : |
Mr. Kamal Kumar Popli |
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Designation : |
Chairman and President |
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Date of Birth/Age : |
48 years |
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Qualification : |
Graduate |
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Experience : |
25 years |
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Name : |
Mr. J S Raja |
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Designation : |
Secretary |
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Date of Birth/Age : |
50 years |
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Qualification : |
Graduate |
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Experience : |
26 years |
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Mobile No.: |
91-9810156766 |
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Members: |
11 Members of the Co-operative Society |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Trader and Exporter of Textile and Cloths Specially
Khadi |
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Products : |
v
Blankets v
Woolen (Sweaters) v
Blinds v
Socks v
Uniform Clothes v
Shirts v
Cloth Pieces v
Uniform Fabrics v
Socks v
Sandles v
Shoes v
Folders v
Files v
Blinds etc. |
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Brand Names : |
KGVS |
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Exports : |
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Countries : |
Nepal, Sri Lanka, Bangladesh, USA and UK |
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Terms : |
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Selling : |
LC, Cash and Credit (15 to 30 days) |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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Customers : |
v Bharat Sanchar
Nigam Limited v Government of
India (Ministries) v Delhi Government Wholesalers and Retailers |
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No. of Employees : |
18 (Office – 8 + Factory – 10) |
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Bankers : |
Vijaya Bank Ram Nagar, Pahar Ganj, New Delhi – 110 055, India |
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Auditor: |
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Name: |
Barwal and Company Chartered Accountant |
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Address: |
Delhi |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.000 millions |
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Borrowed : |
- |
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Total : |
Rs. 2.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2008 |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
10.000 |
10.000 |
9.000 |
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Profit/Loss for the year |
NA |
10% |
10% |
Expected Sales (2008-09): Rs. 20.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade References
v Postal Store Depo
v Directorate of
Health Services
Website details
attached:
They started in the year 1994. It is a Government registered unit, functioning
a great deal to enhance the traditional brilliance of art-crafts in looms.
Since the time of their establishment they have been providing a channel to
village artisans and fairly boosting the confidence level of the cottage
industries. They have a record of producing absolute flawless fabric cloths for
various sectors that require durable uniforms.
Their entire product range goes through a stringent flow of production
process. They deal in total handmade collection of products. Their wide collection
of textile fabrics, upholstery fabrics, designer silk fabrics, cotton fabrics
include - Markin, Khadi, Mul-mul, Dosuti, Lino, Voiles and various other. Khadi
cloth is produced from hand spun yarns. Their vast collection of products
includes -Blankets, Woollen (Sweaters), Blinds, Socks, Uniform Cloths, Shirts,
Cloth Pieces, Uniform Fabrics, Socks, Sandles, Shoes, Folders, Files, Blinds
etc. The blinds are first made available in natural straw brown and then are
produced in stunning varieties with the perfect blend with fabrics such as
-cottons, handloom fabrics, satins, silks, synthetics and voiles. They offer a
magnificent variety of shirts in checks.
They have always believed in offering the best to their clients who are
well based in countries like -Nepal,
Sri Lanka, Bangladesh, USA and UK. They cater solutions less than one
roof for various products, timely deliveries and the quality is as per Government Marks and Standards.
Primary
Competitive Advantages
- Solution Under
One Roof for Various Products
- Timely
Deliveries
- Quality as
per Government Marks and Standards.
Subject is a Government registered unit, functioning a great deal to
enhance the traditional brilliance of art-craft in looms. Since the time of their
establishment, they have been providing a channel to village artisans and
fairly boosting the confidence level of the cottage industries. They have a
record of producing flawless fabric cloths for various sectors that require
durable uniforms.
Their entire product range goes through a stringent flow of production
process. They deal in total handmade collection of products. Their wide
collection of textile fabrics, upholstery fabrics, designer silk fabrics,
cotton fabrics include - Marking, Khadi, Mul-mul, Dosuti, Lino, Voiles and
various other. Khadi cloth produced from hand spun yarns. Their vast collection
of products includes - Blankets, Woollen (Sweaters), Blends, Socks, Uniforms
Cloth, Shirting, Cloth Pieces, Uniform Fabrics, Socks, Sandles, Shoes, Folders,
Files, Blinds, etc. The Blinds are first made available in natural straw brown
and then are produced in stunning varieties with the perfect blend with fabrics
such as - cottons, handloom fabrics, satins, silks, synthetics and voiles. They
offer a magnificent variety of shirts in checks/chequered.
Their wide collection of handmade paper products include - Handmade
paper file cover, file board, file flap, Envelopes, Photo Album and Frames,
Germination Paper for Seed Testing, Greeting Card, Filter/Blotting Paper,
Degree Paper, Bond Paper etc. They also deal in various blends of handmade
paper with jute/wool/straw/silk/bagasse mix and can also make the paper of
various GSMs as per out customer's choice.
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 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. 43.73 |
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UK Pound |
1 |
Rs. 8031 |
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Euro |
1 |
Rs. 64.61 |
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 |
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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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
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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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