MIRA
INFORM REPORT
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Report Date : |
13.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
ADROIT HOUSE |
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Registered Office : |
Flat No. 264, Sector -1, Pocket – 1, DDA, SFS, Dwarka, New Delhi – 110
075 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2003 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Exporter and
Buying house dealing in a wide variety of products such as fashion jewelry, readymade
garments, etc |
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 2000 |
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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. Trade relations are fair. Business is active. Payments are reported as
usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
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INFORMATION PARTED
BY
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Name : |
Ms. Anita Bhalla |
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Designation : |
Proprietor |
LOCATIONS
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Registered Office : |
Flat No. 264, Sector -1, Pocket – 1, DDA, SFS, Dwarka, New Delhi – 110
075, India |
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Tel. No.: |
91-11-25083170 |
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Mobile No.: |
91-9868157492 / 9968157492 |
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E-Mail : |
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Website : |
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Area : |
1600 Sq.fts |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Ms. Anita Bhalla |
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Designation : |
Proprietor |
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Address : |
Flat No. 264, Sector -1, Pocket – 1, DDA, SFS, Dwarka, New Delhi – 110
075, India |
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Date of Birth/Age : |
42 years |
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Qualification : |
Graduate |
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Experience : |
15 years |
BUSINESS DETAILS
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Line of Business : |
Exporter and Buying
house dealing in a wide variety of products such as fashion jewelry,
readymade garments, etc |
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Products : |
·
Fashion jewelry ·
Readymade garments ·
Kids' wear ·
Men's wear ·
Ladies' wear ·
Kids' footwear ·
Handicrafts ·
Home furnishings |
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Exports : |
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Countries : |
USA, UK, Middle East |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL
INFORMATION
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Suppliers : |
Local Manufacturer |
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Customers : |
· Dimer Stores, USA · Max Bishp, UK |
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No. of Employees : |
10 |
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Bankers : |
State Bank of India Karol Bagh, New Delhi – 110 005, India |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.500 million |
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Borrowed : |
---- |
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Total : |
Rs. 0.500 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Services Charge received |
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5.000 |
4.000 |
Expected Sales (2007-08): Rs.7.500 millions.
LOCAL AGENCY
FURTHER INFORMATION
WEBSITE DETAILS:
Subject became an
immediate success as one of the leading exporter and buying house dealing in a wide
variety of products such as fashion jewelry, readymade garments, kids' wear,
mens' wear, ladies' wear, kids' footwear, handicrafts, and home furnishings,
not withstanding the concern's only recent entrance into the business. Though a
fledging enterprise, the concern's competitive spirit, its wide range of
quality products and the exceptional services it offers to the clients has led
subject to carve out a distinct place for itself in the global market as an
emerging market player in its sphere of operation.
Products
Subject is an aminent
exporter and buying house. They are proud of the variety of products that they
have been able to source, sample and deliver to their customers. Their catalog
of products include:
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Fashion jewelry
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Readymade garments
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Kids' wear
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Men's wear
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Ladies' wear
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Kids' footwear
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Handicrafts
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Home furnishings
Why Them?
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Strong network of manufacturers and vendors
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Sourcing of products from reliable manufacturers at
competitive prices
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Regular supervision of products right from the
production to the shipment stage
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Regular production updates, timely deliveries and order
follow up
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Quality assurance and inspection of the goods.
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Customer care
Assurance
Offering specific tailor
made solutions, they cater to the needs of various customers of different
profiles, both Indian and abroad. With a team of committed professionals, the
concern not just identifies the appropriate products required by the clients,
but also sources the products directly from reliable manufacturers and vendors
thereby eliminating the possibility of middle men and ensuring that the
customers get their true value for money.
At the concern they
have build their success on the foundation of:
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Integrity
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Transparency
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Trust
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Direct communication and
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Long term relationship
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 |
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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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. |
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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