MIRA
INFORM REPORT
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Report Date : |
22.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
SAR TRADINGS |
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Registered Office : |
House No.188, Sector 4, Panchkule – 134112, Haryana |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2006 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
To Render Consultancy Services for Constructions and Other Material
and Representing Foreign Companies. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 600 |
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Status : |
Small Concern |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small concern operating on commission basis.
Proprietor is a middle – aged businessman having good experience. Trade
relations are fair. No Payment records are available, due to the nature of
its activity. The concern can be considered for small to mediocre business dealings,
with slight caution, initially. |
LOCATIONS
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Registered Office : |
House No. 188, Sector 4, Panchkule – 134112, Haryana, India |
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Tel. No.: |
91-172-3297576 |
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Mobile No.: |
91-9855199962 |
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Fax No.: |
91-172-3297576 |
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E-Mail : |
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Area : |
400 sq. ft. |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Sukhbir Nayar |
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Designation : |
Proprietor |
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Address : |
House No.9, Sector No.9, Punchkula, Haryana |
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Date of Birth/Age : |
33 years |
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Experience : |
10 years |
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Qualification : |
Post – Graduate, B.E. and Mechanical Engineer |
KEY EXECUTIVES
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Name : |
Mr. R. S, Nayar |
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Designation : |
Key Executives |
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Address : |
House No.9, Sector No.9, Punchkula, Haryana |
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Date of Birth/Age : |
58 years |
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Qualification : |
B.E. and Hons. Mechanical |
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Experience : |
35 years |
BUSINESS DETAILS
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Line of Business : |
To Render Consultancy Services for Constructions and Other Material
and Representing Foreign Companies. |
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Products : |
·
Iron Core ·
MN Ore. ·
Chrome Ore. ·
Construction Steel ·
Pipes ·
Plates ·
Coils |
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Agencies Held : |
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Represting China, Middle East and Indonesia ·
Free Lance Agent to buyers/ Suppliers/ Manufacturer |
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Imports : |
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Products : |
All Products |
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Countries : |
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China ·
Iran ·
Turkey ·
Indonesia |
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Terms : |
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Selling : |
L/C, Cash and Credit (30 days) |
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Purchasing : |
L/C, Cash and Credit (30 days) and Sight Against Documents |
GENERAL
INFORMATION
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Suppliers : |
·
Iran ·
Indonesia ·
Turkey |
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Customers : |
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Local and Foreigners ·
Retailers ·
End Users ·
Wholesalers ·
OEM’s ·
Consultancy Firm |
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No. of Employees : |
6 |
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Bankers : |
Bank of Punjab, Sector 11, Punchkula Branch |
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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.0.150 Million |
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Borrowed : |
- |
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Total : |
Rs.0.150 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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Sales Turnover |
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0.858 |
0.600 |
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It is a consultancy concern having revenue of
Rs.1.100 Million to 1.300 Million per annum which is from our services and
commissions.
LOCAL AGENCY
FURTHER INFORMATION
History and
Present Activities :
Subject a sourcing concern promoted by team of Technocrats headed by
Sukhbir Nayar, having experience in Steel and Auto Industry for more than 10
years. The concern has team of qualified Engineers and providing the
consultancy services to the buyer and suppliers for their requirements of
materials like Iron Iron Ore, MN Ore,
Chrome Ore, Steel Rebars, I Beams, Steel Coils, Pipes, Plates etc.
For Steel Items they are having direct links
with Chinese companies.
Future Program :
Concern is always to support their services to
clients all over the world, Right now they are dealing in steel and Ores
mainly, but concern has vision to make this in bigger way and to work for
clients from Europe and USA asking for Auto Components, Forgings, Castings,
Duly Finished and Sub-Assembly’s as per
buyers requirements.
They Offer Following Items :
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Iron Ore, (Origin Iran, Indonesia)
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Construction Steel (Rebars, I Beams) From
China and India
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Coils, Plates from China and India
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Steel Pipes welded, seamless, galvanized, from
China and India
Trade Reference :
·
Mohandesine Shamim Madane, Iran
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Orazia Kavoshgaran Azarin Mine Company
Limited, Iran
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Agha Babaii Trading Company Limited, Iran
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PT. Komandur Prima Tambang, Indonesia
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Asiaminmetals, China
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JSK Steel Limited, India
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JS Aluminum Extrusion Private Limited, India
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Tian Ying Tai Group, China
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Jiangsu Group Company Limited, China
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Yusheng Galvanized Steel Pipe Company Limited,
China
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CNC 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.39.38 |
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UK Pound |
1 |
Rs.76.90 |
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Euro |
1 |
Rs.57.27 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
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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27 |
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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