MIRA
INFORM REPORT
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Report Date : |
04.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
SATYAM EXPORTS |
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Registered Office : |
301, Akshansh Apartments, Near Jain Temple, Roopsagar Road, Keshave
Nagar, Jaipur-302001, Rajasthan |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1988 |
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IEC No.: |
1306015197 |
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VAT or TIN No.: [Tax
Deduction & Collection Account No.] |
*08444003646 |
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PAN No.: [Permanent
Account No.] |
AZFPS9789L |
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Legal Form : |
Sole Propreitory Concern |
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Line of Business : |
Manufacturer and Exporter of Natural Stone |
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 10000 |
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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 commitment. Nothing adverse reported. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Tarun Dave |
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Designation : |
Chief Executive Officer |
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Date : |
26.09.2008 |
LOCATIONS
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Registered Office : |
301, Akshansh Apartments, Near Jain Temple, Roopsagar Road, Keshave
Nagar, Jaipur-302001, Rajasthan, India |
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Tel. No.: |
91-294-5120044 |
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Mobile No.: |
91-9414166712 |
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Fax No.: |
91-294-2471380 |
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E-Mail : |
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Website : |
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Area : |
Owned |
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Head Office : |
Bhim Chouraha, Badnor, Tehsil: Asind, District : Bhilwara,
Rajasthan-311302, India |
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Tel. No.: |
91-1480-225794/ 225795/ 225578 |
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Fax No.: |
91-1480-220500 |
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E-Mail : |
SOLE PROPRIETOR
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Name : |
Mrs. Keerti Dave |
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Designation : |
Proprietor |
KEY EXECUTIVES
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Name : |
Mr. Tarun Dave |
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Designation : |
Chief Executive Officer |
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Date of Birth/Age : |
30 Years |
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Qualification : |
Graduate |
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Experience : |
8 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Natural Stone |
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Products : |
·
Jeera Green Quarzite ·
Silver Grey Quartzite ·
Copper Quartzite ·
Other Slate Range ·
Teakwood ·
Rainbow ·
Mint ·
Other Sandstone Range ·
Quartzite ·
Marble ·
Sandstone ·
Mosaic ·
Slate ·
Cobbles |
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Exports : |
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Products : |
·
Jeera Green Quarzite ·
Silver Grey Quartzite ·
Copper Quartzite ·
Other Slate Range ·
Teakwood ·
Rainbow ·
Mint ·
Other Sandstone Range ·
Quartzite ·
Marble ·
Sandstone ·
Mosaic ·
Slate ·
Cobbles |
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Countries : |
All over India |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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No. of Employees : |
40 |
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Bankers : |
ABN Amro Bank, Udaipur-313001, Rajasthan, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 2.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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15.000 |
12.000 |
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Profit/Loss for the year |
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12% |
12% |
Expected Sales (2008-09) : Rs. 20.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART
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Parameters |
Details |
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Existence Verification |
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Name |
Satyam Exports |
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Address |
301, Akshansh Apartments, Near Jain Temple, Roopsagar Road, Keshave
Nagar, Jaipur-302001, Rajasthan, India |
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Phone/ Mobile Numbers |
91-294-5120044 |
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Fax Numbers |
91-294-2471380 |
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Statutory Approvals |
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Legal Status of Firm |
Proprietorship Company |
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Income Tax Registration |
AZFPS9789L |
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VAT/ TIN Registration |
*08444003646 |
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Import Export Code |
1306015197 |
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Name of Bank |
ABN Amro Bank, Udaipur-313001, Rajasthan, India |
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Credibility Factors |
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Years of Establishment |
1988 |
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Turn Over |
Rs. 15.000 Millions |
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Turn Over Year |
2008 |
AS PER WEBSITE
Profile:
Satyam Exports was established in 1988 and is a trust worthy
name in the field of natural stone, quartzite stone & sand stone. With an
excellent track record, the company is serving premium quality quartzite
stones, natural stones and sand stones to various national and international
markets. The company is headquartered at village - Badnor, Tehsil - Asind,
District - Bhilwara (Rajasthan), the hub of slate and sandstone industry.
Rajasthan is the most unavoidable marketing stop where Satyam Exports is a
credit worthy name.
The company is well equipped with fully mechanized and scientifically developed
quarries in Badnor. Empowered with sincerity, honesty, practice, innovation,
excellence and highly proficient and qualified manpower, the company has been
able to produce best quality of natural stones, natural slates and sand stones
from the core of earth.
Goal
The company's goal is to serve the public with high quality products, get a
market share via scientific and standard marketing strategy, try to be the best
in its trade and "the model for modern enterprise management.
The Strengths
Quality:
They are a quality driven company. They endeavor to provide
high quality products to the clients. They are maintaining the standards of excellence
to offer the best to the clients. From the moment the material is purchased to
the time it comes into the factory premises, the team of experts monitor and
log each and every step of the process to fulfill the quality promise to the
customers.
Infrastructure:
They possess state-of-the-art-technology backed by a team of
highly qualified professionals striving for innovation and quality. They own
fully mechanized quarries that manufacture premium quality products. Ably
backed by expertise and know how of different quarries of natural stones, they
are well equipped to meet the exacting quality standards expected in the
international market.
Management Philosophy:
The company's management philosophy is to focus on people,
with technology as power, with sincerity as the foundation and with supreme
respect to clients.
The company's value for position allocation is that wise minds hold the
supremacy, the capable mind holds the middle, the operating hand holds the
bottom, the clever mind stands by as an advisor and the real power keeps
veiled.
Online Business Query:
They welcome queries from the prospects and look forward to
join hands with them to strengthen the endeavors. They are committed to a quick
and prompt feedback regarding the details of the products and services.
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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.46.88 |
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UK Pound |
1 |
Rs.82.97 |
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Euro |
1 |
Rs.64.99 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
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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45 |
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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