MIRA
INFORM REPORT
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Report Date : |
19.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SIGMA IMPEX |
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Registered Office : |
302/2 A, Inland Container Depot, (Admn Building), Tughlakabad, New Delhi – 110020 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment: |
2006 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of natural stone products. |
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 3000 |
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Status : |
Small Concern |
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Litigation : |
Clear |
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Comments : |
Mr. Atul Kumar Pandey is out of city, has already given PAN, VAT and
IEC No to India Mart, he will be in Delhi after 4-5 days, and ready to give
us PAN, VAT and IEC. Subject is a small and unknown concern. No payment record behaviour or
trade relations are known. It would be advisable to deal with the concern on safe and secured
trade terms and conditions, initially. |
INFORMATION PARTED
BY
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Name : |
Mr. Atul Kumar Pandey |
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Designation : |
Proprietor |
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Date : |
10.06.2008 |
LOCATIONS
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Registered Office : |
302/2 A, Inland Container Depot, (Admn Building), Tughlakabad, New
Delhi – 110020, India |
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Tel. No.: |
91-11-42941017 |
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Mobile No.: |
91-9810481462 |
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Fax No.: |
91-11-27553620 |
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E-Mail : |
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Website : |
www.indiamart.com/sigmaimpex.com |
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Area : |
1000 sq fts |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Atul Kumar Pandey |
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Designation : |
Proprietor |
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Address : |
26A, Samay Vihar, Rohini, Sector-13, New Delhi-110085 |
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Date of Birth/Age : |
39 years |
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Qualification : |
Graduate |
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Experience : |
14 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of natural stone products. |
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Products : |
v Granite v Slate v Sandstone v Marble v Limestone v Quartzite |
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Exports : |
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Countries : |
USA, Europe, Auatralia, South America, Africa, Asia, and Middle East. |
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Terms : |
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Selling : |
LC, Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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No. of Employees : |
10 |
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Bankers : |
Punjab National Bank, Shalimar Bagh, New Delhi, India |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.600 Million |
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Borrowed : |
0.000 |
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Total : |
Rs. 0.600 Million |
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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2.000 |
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Profit/Loss for the year |
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11% |
Expected Sales (2008-09) : Rs. 10.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART
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Parameters |
Detail |
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Existence
Verification |
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Name |
Sigma Impex |
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Address |
302/2 A, Inland Container Depot, (Admn Building), Tughlakabad, New
Delhi – 110020, India |
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Phone / Mobile Numbers: |
91-11-42941017 |
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Fax Numbers: |
91-11-27553620 |
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Statutory
Approvals |
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Legal status of firm |
Proprietory Company |
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Name of Bank |
Punjab National Bank, Shalimar Bagh, New Delhi |
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Account Since |
2006 |
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Credibility
Factors |
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Year of Establishment |
2006 |
Profile:-
Subject
is engaged in exporting and supplying Natural Stones like Granites, Marbles, Slates, Quartzite, Lime stones,
Sandstones, etc. such as lemon pink limestone, kota blue limestone, J.
green quartzite, D. green quartzite, black granite, slate stones etc. to their
clients and customers who are committed to make the world a better place to
live in.
Subject
came into existence in the year 2006 with the sole purpose of catering
to the demands of construction and building
industry. Though a new entrant they have already crossed several milestones in
terms of growth and expansion. Their
strong network of distribution partners and loyal customers have played
an important role in their success story. They acknowledge and trust the
quality of their products and have high regard for their commendable services.
They keep exploring all possibilities
in the area of cost reduction in order to provide their customers with superior
quality products that meet their exact requirements at lowest expenditure. They also strive to maintain cordial business
relations with their logistics partners which ensures that all consignments reach to our clients within specified time frame.
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 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.42.90 |
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UK Pound |
1 |
Rs.83.74 |
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Euro |
1 |
Rs.66.46 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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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 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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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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28 |
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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