MIRA
INFORM REPORT
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Report Date : |
06.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
A AND M INTERNATIONAL |
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Registered Office : |
73, D D A Scheme, New Chaukhandi, Khyala Road, Behind Park Hospital, New
Delhi – 110 018 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
26.07.1999 |
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Com. Reg. No.: |
AEPC/REG/MER/52377 |
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IEC No.: |
0599019531 |
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PAN No.: [Permanent
Account No.] |
AAYPS1561Q |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer, Exporter and Importer of all types of Garments. |
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 6000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established concern having satisfactory track. Trade
relations are fair. Payments are reported as slow but correct. However the concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office/Factory : |
73, D D A Scheme, New Chaukhandi, Khyala Road, Behind Park Hospital,
New Delhi – 110 018, India |
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Tel. No.: |
91-11-32964815 / 28332096 / 28332296 |
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Mobile No.: |
91-9711003844 / 9711003840 / 9971646644 |
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Fax No.: |
91-11-28332096 |
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E-Mail : |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Ajay Seth |
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Designation : |
Proprietor |
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Address : |
C-5/4 Main Wali Nagar, Fist Floor, Paschim Vihar, New Delhi – 110 087,
India |
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Date of Birth/Age : |
43 Years / 27.05.1965 |
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Qualification : |
B.Com |
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Experience : |
18 Years |
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Tel No.: |
91-11-25257787 |
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Mobile No.: |
91-9971646644 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of all types of Garments. |
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Products : |
·
Women's Wear ·
Sweaters ·
Men's Wear ·
Maternity Wears ·
Kids Wears ·
Printed Handbag / Purse ·
Scarves |
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Agencies Held : |
Foreign-Buying agents for seaters for ESS ENN Creations – USA |
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Exports : |
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Products : |
All types of Garments. |
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Imports : |
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Products : |
·
Fabric Trims and Accessories ·
Labels and Tags |
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Countries : |
China |
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Terms : |
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Selling : |
L/C and Cash |
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Purchasing : |
L/C and Cash |
PRODUCTION STATUS
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Particulars |
Unit |
Installed
Capacity |
Actual
Production |
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All types of Garments. |
PCS |
30000 |
25000 |
GENERAL
INFORMATION
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Customers : |
·
Wholesalers ·
Retailers ·
Natascha B.V ·
Ntres B.V ·
River Island ·
All Fashions INC. ·
New Look ·
42ND Street Fashion ·
J. Buissart ·
Jeetish Imports Inc. ·
Meetu magic inc. ·
S and M Trading Corp.S.L. ·
Synari Fashion Limited ·
ESS ENN Creation Inc. ·
Fairlink International Inc. ·
Greaten Corporation Limited ·
Connection 18 Inc. ·
Fashion Terminal Inc. ·
Intertex Apparels ·
Smile Fashions Corporation Inc. ·
Ona Saez ·
Silvean Heach ·
India Garments Inc. ·
Pink Label ·
Max and Ginos ·
Evasion SRL. |
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No. of Employees : |
68 (In Office 12 and In Factory 56) |
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Bankers : |
·
HDFC Bank, Rajouri Garden ·
HSBC Limited No.34, Central Market, Sector II, West Avenue
Road, Punjabi Bagh (West), New Delhi – 110 026, India |
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Banking
Relations : |
- |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.1.289 Millions |
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Borrowed : |
- |
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Total : |
Rs.1.289 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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1.289 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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1.289 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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1.289 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.967 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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1.766 |
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Sundry Debtors |
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1.118 |
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Cash & Bank Balances |
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0.937 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.003 |
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Total
Current Assets |
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3.824 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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1.651 |
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Sundry Creditors and Provisions |
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1.851 |
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Total
Current Liabilities |
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3.502 |
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Net Current Assets |
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0.322 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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1.289 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2008 |
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Sales Turnover |
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14.202 |
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Other Income |
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1.260 |
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Total Income |
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15.462 |
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Net Profit |
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0.267 |
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Expenditures : |
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Cost of Goods Sold |
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7.729 |
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Electricity Expenses |
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0.174 |
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Repairs and Maintenance |
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0.181 |
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Wages |
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3.922 |
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Salary |
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0.434 |
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Bank Charges |
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0.113 |
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Rent |
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0.119 |
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Consumable Store |
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0.736 |
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Depreciation & Amortization |
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0.185 |
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Other Expenditure |
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1.602 |
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Total Expenditure |
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15.195 |
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KEY RATIOS
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PARTICULARS |
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31.03.2008 |
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PAT / Total Income |
(%) |
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1.73 |
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Net Profit Margin (PBT/Sales) |
(%) |
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1.88 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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5.57 |
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Return on Investment (ROI) (PBT/Networth) |
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0.21 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.72 |
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Current Ratio (Current Asset/Current Liability) |
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1.09 |
LOCAL AGENCY
FURTHER INFORMATION
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Additional Requirement
of Indiamart for Trust-Seal |
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Service Tax No. : -- |
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Excise Registration No.: -- |
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VAT / TIN : 07850266609 |
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IEC Code : 0599019531 |
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PAN / TAN : AAYPS1561Q |
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Bank Name : HDFC Bank |
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Bank Address : Rajouri Garden |
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Bank A/c. No.: 113602000005510 |
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Account Since : 9 Years |
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In case of any affiliations / memberships / certifications : |
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Name : -- |
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Type : -- |
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Expiry Date : -- |
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Web Details
Profile
Subject is a prominent manufacturer and exporter of wide array of
readymade garments including women's wear, men's wear, kids wears, maternity
wears, fashion accessories like printed handbag, designer handbags and more.
They are well versed with needs and wants of the fashion conscious generation
and are ready to serve them with the latest trend and style.
With quality and creativity as the forte, they have carved a niche for
ourselves in the domestic as well as overseas market. The state-of-the-art
infrastructure is equipped with the latest machines that can fulfill all the
bulk requirement of the customers within stipulated time frame. They use best
quality fabrics and raw material that ensures durability in every piece.
Further, the diligent team of professionals work in close coordination the
clients to custom design products as per their specifications.
Being a professionally managed company, they assure the clients prompt delivery
of products in their desired destination.
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.49.69 |
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UK Pound |
1 |
Rs.72.96 |
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Euro |
1 |
Rs.63.46 |
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 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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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46 |
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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