MIRA
INFORM REPORT
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Report Date : |
18.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
DOSCHK INTERNATIONAL |
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Registered Office : |
Arihant Apartment, B-604, Dr. B D Marg, Mumbai-400008, Maharashtra |
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Country : |
India |
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Year of Establishment : |
July 2008 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer, Trader and Exporter of a wide range
of Fashion Accessories |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
New Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a very new concern and yet to establish track. No payment
records are available. No banking relations are known. The concern can be considered for any business dealings at safe and
secured trade terms and conditions, only. |
INFORMATION PARTED
BY
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Name : |
Mr. Nishant Doshi |
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Designation : |
Proprietor |
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Contact No.: |
91-9892820332 |
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Date : |
13.11.2008 |
LOCATIONS
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Registered Office/ Factory : |
Arihant Apartment, B-604, Dr. B D Marg, Mumbai-400008, Maharashtra,
India |
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Tel. No.: |
91-22-23063669 |
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Mobile No.: |
91-9892820332 |
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Fax No.: |
91-22-23063670 |
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E-Mail : |
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Website : |
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Area : |
600 sq.ft (Rented) |
SOLE PROPRIETOR
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Name : |
Mr. Nishant Doshi |
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Designation : |
Proprietor |
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Mobile No. : |
91-9892820332 |
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Date of Birth/Age : |
22 Years |
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Qualification : |
Graduate |
KEY EXECUTIVES
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Name : |
Mr. Ranvir Walia |
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Designation : |
Manager |
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Mobile No.: |
91-9920074980 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Trader and Exporter of a wide range
of Fashion Accessories |
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Products : |
·
Fancy Hand Rings ·
Fancy Earrings |
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Exports : |
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Countries : |
·
Ethopia ·
Uganda ·
Middle East ·
African ·
Gulf and European Countries |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
2 |
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Bankers : |
HDFC Bank, Null Bazar, Mumbai, Maharashtra, India |
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Facilities : |
The concern do not enjoy facility from its bankers |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Not Available |
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Associates/Subsidiaries : |
Satyam Jewellers Address: Paydoni Line of Business: Manufacturer of Jewellery |
CAPITAL STRUCTURE
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Capital Investment : |
40000 USD |
FINANCIAL DATA
[all figures are in Rupees Millions]
New Concern
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE
PROFILE:
The trend of fashion will never come to an end; instead it will go on witnessing
thousands of stylish innovations and creations with different strokes. Subject is a manufacturer, trader and exporter of
a wide range of Fashion Accessories
in India. They perform a brilliant work of art by combining
traditional art and contemporary fashion to produce an array of exquisite
fashion accessories such as Fancy Hand
Rings, Fancy Earrings, etc.
Producing as per the requirements of the clients, they export the
fabulous fancy earrings, fancy hand rings and other fancy accessories to the
Middle East, Africa, Gulf and Europe. They ensure perfection of the products in
terms of quality, look, design, glamour and finishing by employing
state-of-the-art machinery and tools at every stage of the production. The
workforce have so far carved a deeper niche as far as skill, talent,
performance and productivity are concerned.
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.49.68 |
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UK Pound |
1 |
Rs.74.64 |
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Euro |
1 |
Rs.62.58 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
1 |
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PAID-UP CAPITAL |
1~10 |
1 |
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OPERATING SCALE |
1~10 |
-- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
1 |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
1 |
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--LEVERAGE |
1~10 |
1 |
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--RESERVES |
1~10 |
-- |
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--CREDIT LINES |
1~10 |
-- |
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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 |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
NO |
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TOTAL |
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5 |
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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