MIRA
INFORM REPORT
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Report Date : |
14.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
PRABHAT UDYOG |
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Registered Office : |
8-2-674/B/M, Lane To SBI, Road No.12, Banjara Hills,
Hyderabad-500034, Andhra Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1980 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of White
Shell Eggs, Biscuits, Spices, Gherkins, Cashew Nuts, Milk Products, Soya
Products, Mango & Mango Pulp, Tea, Jute / Plastic Bags, Rice, Sugar,
Medical And Other Equipments [30b work of Bolts and Nuts] |
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 100000 |
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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. |
INFORMATION PARTED
BY
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Name : |
Mr. Jitendra Nad |
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Designation : |
Export Manager |
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Contact No.: |
91-9848048658 |
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Date : |
14.02.2008 |
LOCATIONS
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Registered Office : |
8-2-674/B/M, Lane To SBI, Road No.12, Banjara Hills,
Hyderabad-500034, Andhra Pradesh, India |
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Tel. No.: |
91-40-23370115 |
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Mobile No.: |
91-9848048658 |
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Fax No.: |
91-40-23370116 |
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E-Mail : |
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Website : |
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Area : |
1 Acre |
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Factory : |
Amberpet, Hyderabad - 500013,
Andhra Pradesh, India |
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Area : |
˝ Acre |
SOLE PROPRIETOR
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Name : |
Mr. Pravin Kabra |
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Designation : |
Proprietor |
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Date of Birth/Age : |
56 Years |
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Qualification : |
Graduate |
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Experience : |
25 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of
White Shell Eggs, Biscuits, Spices, Gherkins, Cashew Nuts, Milk Products,
Soya Products, Mango & Mango Pulp, Tea, Jute / Plastic Bags, Rice, Sugar,
Medical And Other Equipments [30b work of Bolts and Nuts] |
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Products : |
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Exports : |
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Countries : |
Far East : Hong Kong, Malaysia, Singapore, Thailand, Taiwan, Japan, Philippines. Middle East : UAE, Oman, Yemen, Saudi Arabia, Jordon, Iran, Iraq, Kuwait, Turkey, Qatar. Africa : Angola, Congo, Uganda, Mozambique,
Tanzania, Ethiopia, Gabon, etc. |
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Terms : |
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Selling : |
L/C and T/ T |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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Customers : |
Importer |
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No. of Employees : |
Around 150 |
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Bankers : |
Canara Bank, Hyderabad HSBC Bank, Hyderabad Branch |
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Facilities : |
Packing Credit Rs. 15.000 Millions from Canara Bank |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment [Estimated] : |
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Owned : |
Rs. 25.000 Millions |
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Borrowed : |
--- |
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Total : |
Rs. 25.000 Millions |
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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Sales Turnover |
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150.000 |
100.000 |
Expected Sales (2007-08) : Rs.170.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE
Profile
Established in 1980, subject
is Exports of Food products such as.
• White Shell Eggs
• Biscuits of all kinds
• Milk Products
• Cashew nuts
• Spices
• Tea
• Soya Products
Packing Products like:
• Jute Products
• Plastic Products
They are also into Supply of Curcumin has many therapeutic values from the
Nutraceutical world. In addition to above, PRABHAT UDYOG sources any products
for Exports.
Their state-of-the-art factory possesses sophisticated processing machinery
confirming to the highest International Quality standards. The latest
technology backed by dedicated and skilled work force churn out the best of products
from their manufacturing units which cater to needs of their wide range of high
profile customers.
Every product undergoes stringent quality testing procedure under quality
inspection agency before its departure from factory stables and sold at extremely
competitive rates in the markets.
Subject is
certificated with...
STAR
EXPORT HOUSE CERTIFICATE Awarded By The
Director General Of Foreign Trade, Govt Of India.
IACC Indo
African Chamber Of Commerce & Industries.
APEDA Agricultural
Processed Export Development Authorities (Apeda).
FAPCCI Federation
Of Andhra Pradesh Chambers Of Commerce & Industry.
FIEO Federation
Of Indian Export Organisation.
PEPC Plastic
Export Promotion Council.
Teflon
Coating
They are in dealing with both food and also
industrial grade Teflon coating for non-stickiness and anticorrosion. Teflon is
mainly intended to save the components against corrosion and easy relieving.
They have been one of the most Number one
industries in "Teflon coating" for industrial applications since last
20 years. Their job work extends to various industries like food, plastic,
chemical companies, pharmaceuticals and packing industries including Defence
works. They are with all the machinery and technical expertise in this magnum field.
They do Teflon coating on any size component and
on any weight as per requirements. They do coat "Teflon" on various
metal components like stainless steel, brass, mild steel and aluminum (Bolts
and Nuts).
Consulting
Their Associate Partner VRK Solutions is an establised firm
in Hyderabad, India, started by professionals with an ample experience in
Recruitment, Information Technology (IT) and IT Enabled Services (ITES). They
at VRK are zealous about providing quality services in Consulting, IT, ITeS to
local and global companies. Recruitment being the stepping stone, they want to
become One stop shop for all the above services.
From past Two years they are associated with BrainHunter Recruiting India
Pvt.Ltd, a Canadian based recruiting firm as a third party vendor. They provide
them all the staffing and recruiting services of various industries like IT,
ITES, Infrastructure, Retail etc... They provide them with the candidates of
all echelon/ranks within the given time frame.
Having a rich talent pool they have ventured into providing software services
and done extremely well from past one year serving many local companies.
They develop and maintain strategic partnerships through their commitment to
brilliance, veracity, and outstanding service with enthusiasm and
responsiveness. They provide the best of services with the last mile of search,
research and content aggregation through human intelligence.
They strive to meet the needs and ever increasing challenges of their clients.
Every client and project is important to them. Timeliness, Quality and Low cost
are the three main driving forces for VRK Business Solutions.
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.39.68 |
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UK Pound |
1 |
Rs.77.67 |
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Euro |
1 |
Rs.57.81 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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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 |
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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50 |
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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