MIRA
INFORM REPORT
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Report Date : |
09.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
RAYA – A UNIT OF INDO AMERICAN CHEMICALS |
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Registered Office : |
M-58, 2nd Floor, Greater Kailash II, Main Market, New Delhi
– 110048 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
September, 2002 |
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IEC No.: |
0502039108 |
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PAN No.: [Permanent
Account No.] |
AMRPS4045E |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Importer, Trader and Exporter of paper, newsprint, paper products, high fashion
jewelry, Indian bridal jewelry, and semi-precious stones. |
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 11000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well
established and reputed concern having satisfactory track. Proprietor is
reported as experienced and respectable businessman. Trade relations are reported
as fair. Business is active. Payments are usually correct and as per
commitments. The concern can
be considered normal for business dealings at usual trade terms and
conditions. |
INFORMATION PARTED
BY
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Name : |
Mrs. Smita Singhal |
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Designation : |
Proprietor |
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Contact No.: |
91-9971231818 |
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Date : |
09.02.2008 |
LOCATIONS
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Registered Office : |
M-58, 2nd Floor, Greater Kailash II, Main Market, New Delhi
– 110048, India |
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Tel. No.: |
91-11-29216344 / 28210807 |
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Mobile No.: |
91-9971231818 / 9810018949 |
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Fax No.: |
91-11-29216352 |
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E-Mail : |
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Website : |
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Area : |
600 sq. fts. |
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Location: |
Rented |
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Warehouse: |
361 Sani Nagar, New Delhi , India |
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Area : |
300 Sq.fts |
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Location: |
Rented |
SOLE PROPRIETOR
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Name : |
Ms. Smita Singhal |
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Designation : |
Proprietor |
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Address: |
D -4, Panchsheel Enclave, New Delhi – 110 017, India |
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Date of Birth/Age : |
32 Years |
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Qualification : |
Post Graduate |
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Experience : |
5 Years |
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Mobile No. : |
91-9971231818 |
BUSINESS DETAILS
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Line of Business : |
Importer, Trader and Exporter of paper, newsprint, paper products, high fashion
jewelry, Indian bridal jewelry, and semi-precious stones. |
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Products : |
Publication Papers: Used for
Newspapers, Magazines, Directories, etc. Uncoated Paper Standard Newsprint - 45&48.8 GSM is used in India for Newspapers Hibrite - 68-76 GSM Bulky Newsprint Tel Directory/Yellow Pages - 34 & 36 GSM in Yellow and White Coated Paper (both
sides) LWC - Light Weight Coated MWC - Medium Weight Coated LWC is generally heat set, but could be on Rotogravures Coating in
either Gloss or Matt finish Rotogravures Paper will not work on Heat set Super Calendered - SC Calendered on Machine, No Coating Printing Methods Re Heat Set or Cold Set Graphic Papers Art Paper C2S (Coated 2 sides) (80 GSM - 170 GSM) Art Card (170 GSM - 300 GSM) (Available in Sheets and Reels/Rolls)
Coated Duplex Board Grey Back (250 GSM - 450 GSM) Duplex Board White Back Fbb - Folding Box Board Triple Layer or Solid Bleach Sulphite Single Layer – Made with 100% Pulp or BCTMP Book Binding Board (400 GSM - 1000 GSM) MM Karton is one of the two mills in the world making this and we have
their sole rights in India Others Carbonless Paper Used as Bank Slips, Courier Bills, Credit Card Slips, etc. where 3
copies are required CB - Coated Back, CF - Coated Front, CFB - Coated Back and Front Cast Coated Paper and Board Sticker Papers as in School Name Labels Thermal Paper Fax Papers/ar Coding Acid Free Tissue Mfrd only in China - Kites Glassine/Wrapping Paper Mfrd only in China/Grease proof Bleached Kraft Paper MG Machine Glazed MF Machine Finished Wood Free Writing Paper (50/55/60/GSM Made in India) (Text and Note Books) Wood Free Offset (all Uses, Writing, and Printing) Copier (Ballarpur/JK/TNPL/West Coast) Corrugated
Papers (4 + 1 Grades) White Top Liner 3 Layers - Front is Kraft Liner/Middle is Flutting/Back is Test Liner
- great demand in India Test Liner Medium or Flutting Kraft Liner and Sac Kraft which is Standard, Semi Extensible and
Extensible Tissue Table Napkins Facial Toilet Wet Tipping We have an exclusive agency from Benkert Minfeng, Tipping Paper Co. Non Woven
Fabrics Like those used on Airplane seats as head rest, in Diapers, Sanitary
Napkins, etc. Jewelry |
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Agencies Held : |
Lonza INC USA |
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Exports : |
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Products : |
Cosmetic Jewellery |
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Countries : |
Malaysia |
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Imports : |
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Products: |
Chemicals |
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Countries : |
USA, South East Asia , Singapore, Germany, UK |
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Terms : |
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Selling : |
Cash, Credit [30 days], L/C |
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Purchasing : |
Credit [30 - 90 days] Local Purchase : Cash or 30 days credit |
GENERAL
INFORMATION
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Suppliers : |
Lunza USA Inc. USA |
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Customers : |
· Federal Mobile Goteze - Bhiwadi · Nirmala Mobfil Private Limited- Coimbatore · Retailers, End Users ) |
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No. of Employees : |
8 |
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Bankers : |
Vijaya Bank, Greater Kailash, Part – II, New Delhi - 110048 |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Uberoi Sood and Kapoor Chartered Accountants |
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Address : |
606, Vishal Bhawan 95 Nehru Place, New Delhi, India |
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Tel No: |
91-22-26429297 |
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Associates/Subsidiaries : |
Ř Chemical Sales
Corporation Ř Chemical Systems Ř Chemical Systems
Technologies Address : M-58, 2nd Floor,
Greater Kailash, Part – II, New Delhi – 110048, India Activity: Suppliers of Process Technology Factory : Dehradoon Sales Turnover Rs. 140.000 Millions Employees : 50 Key person in Group : Mr. S Singhal |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.742 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 2.742 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Proprietor Capital |
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2.742 |
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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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2.742 |
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LOAN FUNDS |
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1] Secured Loans |
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0.624 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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0.624 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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3.366 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.930 |
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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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1.970 |
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Sundry Debtors |
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0.436 |
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Cash & Bank Balances |
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0.932 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.332 |
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Total
Current Assets |
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3.670 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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1.234 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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1.234 |
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Net Current Assets |
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2.436 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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3.366 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
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Sales Turnover |
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15.610 |
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Other Income |
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0.001 |
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Total Income |
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15.611 |
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Profit/(Loss) Before Tax |
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2.021 |
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Provision for Taxation |
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0.000 |
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Profit/(Loss) After Tax |
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2.021 |
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Import Value |
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12.107 |
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Expenditures : |
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Cost of Goods Sold |
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0.226 |
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Administrative Expenses |
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1.094 |
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Depreciation & Amortization |
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0.162 |
KEY RATIOS
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PARTICULARS |
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31.03.2007 |
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PAT / Total Income |
(%) |
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12.94 |
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Net Profit Margin (PBT/Sales) |
(%) |
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12.95 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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43.93 |
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Return on Investment (ROI) (PBT/Networth) |
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0.74 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.68 |
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Current Ratio (Current Asset/Current Liability) |
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2.97 |
LOCAL AGENCY
FURTHER INFORMATION
History
In 1989 started as Indo American Chemicals Private Limited
CIN No. : U74899DL1989PTC036363
Registered on : 23.05.1989
Authorised Capital : Rs. 5.000 Millions
Paid up Capital : Rs. 4.100 Millions
In 2000 Company was closed.
In 2002 Re-start as Indo American Chemicals
A Proprietory Concern
Subject wanted to start export of Paper and
paper products, newsprint, jewelry and semi- precious stones.
Negations are in pipe line for export in UK.
Subject wanted to start Export.
As per website:-
A name synonymous to quality and
style--this is what marks the identity of Raya dealing in
diversified products. They are an eminent importer and trader
of paper, newsprint, paper products, high
fashion jewelry, Indian bridal jewelry, and semi-precious stones. Their high fashion jewelry in kundan is available
in the varieties of bridal, Victorian, and electroplated gold with cubic
zircon. They also deal in genuine silver jewelry in antique designs.
Incorporated in the year 2004, they have established for their selves a
prominent name in the industry within a short span of time. Located at one of
the prime locations in Delhi, GK II, they have been able to deliver immaculate
quality products at competitive prices.
Their import markets are centered in USA and and South Asian
countries. High quality is their forte and they believe in delivering the best,
every time they undertake a task. Their products have been well acknowledged by
their esteemed customers and they aim at being a market leader within the next
few years. Their ethics mean a lot to us. They have a firm belief on their
talent and hard work. Their honest approach is the secret of their success.
Quality
Their quality has
been their USP. They believe that a customer would return even if the price is
high, provided the quality is immaculate. With a vision to achieve unparalleled
success and expertize in their field, they are wholeheartedly working for
further improvement in the existing quality along with additional innovations.
They follow stringent quality measures to ensure that their customers are
always ensured of the best.
- Collection of jewelry of the latest
designs
- A house of varied paper products
- Superior quality and on-time delivery
- Good warehousing facilities
- Ability to cater to any bulk demand
Company Profile
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Business Type |
Importer , Trader |
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Import Markets |
USA and South East Asia |
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Production Type |
Manual and automatic |
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Monthly Production Capacity |
As per requirement |
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.39.65 |
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UK Pound |
1 |
Rs.77.41 |
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Euro |
1 |
Rs.57.62 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
NO |
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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 |
NO |
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--AFFILIATION |
YES/NO |
YES |
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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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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
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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/normal. |
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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