MIRA
INFORM REPORT
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Report Date : |
25.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
DELHI SALE CROP |
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Registered Office : |
No. 84 – B, Lakshmi Nagar, Main Road, Tirupur – 641602, Tamilnadu |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year o Establishment : |
1999 |
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PAN No.: [Permanent
Account No.] |
AFKBM1947P |
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Legal Form : |
Sole Proprietory Concern. |
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Line of Business : |
Manufacturer and Supplier of Zippers, Buckles, Carton boxes, Eyelets,
Tags, Satin tapes, Satin elastics, Metals rivets, Cotton tapes, Stoppers,
Buttons. |
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 50000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having satisfactory track. Trade
relations are fair. 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 : |
Miss Kokila |
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Designation : |
Assistant |
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Contact No.: |
91-421-4333103 |
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Date : |
17.07.2008 |
LOCATIONS
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Registered Office : |
No. 84 – B, Lakshmi Nagar, Main Road, Tirupur – 641602, Tamilnadu,
India |
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Tel. No.: |
91-421-4333103 / 2484827 |
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Mobile No.: |
91-9843040620 |
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Fax No.: |
91-421-2484825 |
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E-Mail : |
SOLE PROPRIETOR
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Name : |
Mrs. Mamta Rani Talwar |
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Designation : |
Proprietor |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Supplier of Zippers, Buckles, Carton boxes, Eyelets, Tags,
Satin tapes, Satin elastics, Metals rivets, Cotton tapes, Stoppers, Buttons. |
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Products : |
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GENERAL
INFORMATION
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No. of Employees : |
25 |
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Bankers : |
Bank of India, Tirupur |
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Banking
Relations : |
Satisfactory |
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Auditors : |
N.A. |
CAPITAL STRUCTURE
AS ON 31.03.2008
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Capital Investment : |
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Owned : |
Rs.10.000 Millions |
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Borrowed : |
- |
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Total : |
Rs.10.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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30.000 |
LOCAL AGENCY
FURTHER INFORMATION
The firm was started in 1999 under the guidance of Mr. Paras Talwar.
They are engaged in the manufacture and export of decorative packaging items
and accessories. They first started the business at tirupur as a stocking house
gradually due to good demand they expanded their business and converted
themselves to manufacturer, suppliers and stockists of these products. Their
product range include Zippers, Buckles, Carton boxes, Eyelets, Tags, Satin
tapes, Satin elastics, Metals rivets, Cotton tapes, Stoppers, Buttons etc. they
offer them in cost effective and customized design and sizes as per the need of
the customers.
Trustseal Acceptance
Chart
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Existence Verification |
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Name |
DELHI SALE CROP |
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Address |
No. 84 – B, Lakshmi Nagar, Main Road, tirupur – 641602, Tamilnadu,
India |
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Phone/ Mobile Numbers |
91-421-4333103 / 2484827, Mob No. 91-9843040620 |
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Fax Numbers |
91-421-2484825 |
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Statutory Approvals |
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Legal Status of Firm |
Proprietorship Firm |
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Income Tax Registration |
AFKBM1947P |
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Central Sales Tax Registration |
761747 |
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VAT/ TIN Registration |
33732502775 |
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Import Export Code |
No import export domestic suppliers |
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Name of Bank |
Bank of India, Tirupur |
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Trade Affiliations |
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SSI Registration |
Yes |
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Export Promotion Council |
NO |
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Chamber of Commerce Membership |
NO |
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D&B D-U-N-S Number |
NO |
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Government Recognized Export House Status |
NO |
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Standards & Certifications |
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Quality Management Systems |
In house quality program |
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.42.23 |
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UK Pound |
1 |
Rs.83.88 |
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Euro |
1 |
Rs.66.41 |
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 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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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 |
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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54 |
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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