Summary Information
|
Company Name |
SVM INTERNATIONAL |
Principal Name 1 |
Mr. Jainendra Awasthi |
|
Status |
Satisfactory |
Principal Name 2 |
---- |
|
Street Address |
H -15, Site Industrial Area, Panki, Kanpur – 208 022, Uttar Pradesh,
India |
||
|
Established Date |
2000 |
SIC Code |
-- |
|
Telephone# |
91-512-2692118 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-512-2202409 |
Business Style 2 |
Exporter |
|
Homepage |
--- |
Product Name 1 |
Equestrian |
|
# of employees |
110 |
Product Name 2 |
--- |
|
Paid up capital |
--- |
Product Name 3 |
--- |
|
Shareholders |
--- |
Banking |
State bank of India |
|
Public Limited Corp. |
No |
Business Period |
8 years |
|
IPO |
No |
International Ins. |
- |
|
Public Enterprise |
No |
Rating |
Ba |
|
Related Company --- |
|||
|
Relation |
Country --- |
Company Name |
--- |
|
Note |
--- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
|
(Unit: Indian Rs.) |
|
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Assets |
Liabilities |
||
|
Current Assets |
--- |
Current Liabilities |
--- |
|
Inventories |
--- |
Long-term Liabilities |
--- |
|
Fixed Assets |
--- |
Other Liabilities |
--- |
|
Deferred Assets |
--- |
Total Liabilities |
--- |
|
Invest& other Assets |
--- |
Retained Earnings |
--- |
|
|
|
Net Worth |
--- |
|
Total Assets |
--- |
Total Liab. & Equity |
--- |
|
Total Assets (Previous Year) |
--- |
|
|
|
P/L Statement as of |
31.03.2008 (Estimated) |
(Unit: Indian Rs.) |
|
|
Sales |
15000000 |
Net Profit |
--- |
|
Sales(Previous yr) |
--- |
Net Profit(Prev.yr) |
--- |
MIRA
INFORM REPORT
|
Report Date : |
22.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SVM INTERNATIONAL |
|
|
|
|
Registered Office : |
H -15, Site Industrial Area, Panki, Kanpur – 208 022, Uttar Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2008 (Estimated) |
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|
|
|
Year of Establishment : |
2000 |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Equestrian Products |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 10000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established concern having steady business. Trade relations are fair. Payments are reported as slow but correct. The concern can be considered normal for business dealings at usual trade terms and conditions. |
INFORMATION PARTED
BY
|
Name : |
Mr. Jainendra Awasthi |
|
Designation : |
Proprietor |
|
Contact No.: |
91-99335540538 |
|
Date : |
20.12.2008 |
LOCATIONS
|
Registered Office/ Factory : |
H -15, Site Industrial Area, Panki, Kanpur – 208 022, Uttar Pradesh,
India |
|
Tel. No.: |
91-512-2692118 |
|
Mobile No.: |
91-9935540358 |
|
Fax No.: |
91-512-2202409 |
|
E-Mail : |
|
|
Area : |
500 Sq.mtrs (Office + Factory |
|
Location : |
Owned |
|
|
|
|
Corporate Office
: |
B 62 Industrial Area, Kanpur – 208 022, Uttar Pradesh, India |
SOLE PROPRIETOR
|
Name : |
Mr. Jainendra Awasthi |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
34 Years |
|
Qualification : |
B. Com |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Equestrian Products |
|
|
|
|
Products : |
·
Horse Rugs ·
Saddle Pads ·
Nylon Halters ·
Ropes and leads ·
Surcingles ·
Bandages ·
Girth ·
Haymets ·
Flynets ·
Leather Chap ·
Breeches ·
Riding Shirts / Jackets |
|
|
|
|
Exports : |
|
|
Products : |
Horse Rugs, Riding Shirts / Jackets, FRM Products |
|
Countries : |
European Countries, Australia, UK, USA, Germany, Korea |
|
|
|
|
Imports : |
|
|
Products : |
Machinery, Raw Material |
|
Countries : |
Taiwan, Germany, Korea, China |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash (against documents) Credit ( 60 Days) |
|
|
|
|
Purchasing : |
L/C, Credit, CAD, DP, advance
Payment |
GENERAL
INFORMATION
|
Customers : |
Wholesaler, End Users |
|
|
|
|
No. of Employees : |
110 |
|
|
|
|
Bankers : |
State Bank of India Address: Main Branch, Kanpur – 208 022, Uttar Pradesh, India |
|
|
|
|
Facilities : |
Subject enjoys Cash Credit of Rs. 3.000 millions from its bankers. |
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|
|
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Banking
Relations : |
---- |
|
|
|
|
Auditors : |
|
|
Name : |
Gaurav and Associates Chartered Accountants |
|
Address: |
Kanpur, Uttar Pradesh, India |
|
|
|
|
Associates/Subsidiaries : |
Equi Collection India |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 2.000 millions (Estimated) |
|
Borrowed : |
--- |
|
Total : |
Rs. 2.000 millions (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
|
31.03.2008 (Estimated) |
|
|
|
|
|
|
Sales Turnover |
|
|
15.000 |
Expected Sales (2008-09): Rs 20.000 millions
LOCAL AGENCY
FURTHER INFORMATION
HISTORY:
Subject was established in the year 1996 at Kanpur in Uttar Pradesh as a Sole Proprietary Concern.
WEBSITE DETAILS:
Subject is leading manufacturer and exporter of Horse Clothing, Riding
Apparels and Leather Accessories. The organization compromises of highly
experienced professionals.
Wirth high degree of commitment they formed an organization in 1997 to
deliver world class leather products. The wide market potential of the leather
products and their extensive knowledge about the same served as a driving force
and prompted them to venture into this business. They manufacture horse
clothing, riding apparel and leather accessories. The selection of the material
and the traditional craftsmanship make their products unique and stylish. Their
sincere efforts and skills are helping them in successfully meeting the various
requirements of their global Clients.
Infrastructure
They possess state – of – the art –manufacturing unit, which is backed
by a team of leather experts. Their designers have the flair to design products
novel themes. Their efficient supply chain management team is always on its
toes to ensure their consignment land at the client’s doorsteps within the
stipulated time period.
Quality
They lay high emphasis on the quality of the leathers they use to
manufacture their products. From the stage of procuring raw materials to the
final stage of packaging of their products they follow stringent quality
control measures to ensures that their products are at par with international
standards.
Variety:
Attractive colors, unique designs and contemporary styles are some of the
special attributes attached to their products. They offer a wide variety of
their products that assist their in choosing the products that best meet their
requirements.
Customer
Satisfaction:
Their endeavors are directed towards providing the best of their
products and services to their clients. They always strive hard to elevate the
level of satisfaction of their clients through improved and customized products
and services. Their constant effort has earned them many high profile client
from across the globe. Today, they export in large volume to the quality
conscious market of USA and Europe and look further to broaden their horizon by
entering into new business relationships.
Products:
They offer an exclusive range of leather products in variety of styles
and designs
High level of craftsmanship with committed approach makes their products
unmatched range of their products includes:
·
Horse Rugs
·
Saddle Pads
·
Nylon Halters
·
Ropes and leads
·
Surcingles
·
Bandages
·
Girth
·
Haymets
·
Flynets
·
Leather Chap
·
Breeches
·
Riding Shirts/ Jackets
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 :
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.47.08 |
|
UK Pound |
1 |
Rs.71.17 |
|
Euro |
1 |
Rs.66.98 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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, we have no basis upon which to
recommend credit dealings |
No Rating |
|