MIRA
INFORM REPORT
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Report Date : |
06.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
LALA JAGDISH PRASAD AND COMPANY |
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Registered Office : |
Talaya Chauki, Kannauj – 209725, Uttar Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2008 (Summarized Figures) |
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Year of Establishment : |
1950 |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Manufacturer and Exporter of Incence and Perfumery |
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 8000 |
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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. 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. Prem Kumar |
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Designation : |
Chief Executive Officer |
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Date : |
09.09.2008 |
LOCATIONS
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Registered Office : |
Talaya Chauki, Kannauj – 209725, Uttar Pradesh, India |
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Tel. No.: |
91-5694-235276 / 234433 |
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Mobile No.: |
91-9415124539 / 9839037804 |
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Fax No.: |
91-512-3072238 |
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Administrative
Office : |
7/110-B, Swaroop Nagar, Kanpur- 208 002, Uttar Pradesh, India |
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Tel. No.: |
91-512-2557377 / 3291834 / 3091834 /
5694-234433 / 235276 |
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Mobile No.: |
91-9415124539 / 9839037804 |
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Fax No.: |
91-512-2234433 / 3291834 / 3072238 /
5694-234433 |
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Area : |
40 x 70 Sq.fts |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Jatinder Kumar Singh |
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Designation : |
Partner cum Chief Executive Officer
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Address : |
Kanpur- 208 002, Uttar Pradesh, India |
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Date of Birth/Age : |
35 years |
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Qualification : |
Graduate |
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Experience : |
8 years |
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Mobile No.: |
91-9415124539 /
9839037804 |
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Name : |
Mrs. Manji Singh |
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Designation : |
Partner |
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Address : |
Kanpur- 208 002, Uttar Pradesh, India |
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Date of Birth/Age : |
53 years |
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Qualification : |
Graduate |
KEY EXECUTIVES
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Name : |
Mr. Prem Kumar |
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Designation : |
Chief Executive Officer |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Incence and Perfumery |
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Products : |
·
Wholesale Pure Natural Essential Oils and
Aromatherapy Oils ·
Natural Traditional Indian Attars/ Perfumes
Oil ·
Organic Natural Absolutes/ Concentrates Oil |
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Exports : |
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Products : |
Incence and Perfumery |
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Countries : |
Iraq, USa, France,
Germany, UK, Africa |
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Terms : |
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Selling : |
Cash, Credit (30 days) |
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Purchasing : |
Cash, Credit (30 days) |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
25 |
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Bankers : |
State Bank of India, Swaroop Nagar, Kanpur - Uttar Pradesh, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
P C Gupta and Company Chartered Accountants |
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Address : |
Kanpur, Uttar Pradesh, India |
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Memberships : |
· Fragrance and Flavours Association of India (FAFAI) · Zafrani Zarda Manufacturing Association of India (ZZA) · Essential Oils Association of India (EOI) · Natural Attar Industries Association of India · Registered with Small Scale Industries of India (SSI) |
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Associates/Subsidiaries : |
Pragdutta Jagdish Prashad, Kanpur, Uttar Pradesh, India |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.500 millions |
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Borrowed : |
--- |
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Total : |
Rs. 1.500 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
Balance sheet
(Summarized
Figures)
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PARTICULARS |
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31.03.2008 |
31.03.2007 |
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Partner’s
Capital |
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1.500 |
1.410 |
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Fixed Assets |
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3.200 |
2.910 |
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Current Assets |
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Cash & Bank Balances |
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0.446 |
0.310 |
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Current
Liabilities |
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Current Liabilities |
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6.610 |
6.280 |
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Miscellaneous
Expenses |
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0.008 |
0.105 |
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PROFIT & LOSS ACCOUNT
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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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10.000 |
9.120 |
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Other Income |
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0.000 |
0.000 |
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Total Income |
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10.000 |
9.120 |
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Profit/(Loss) Before Tax |
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0.805 |
0.659 |
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Provision for Taxation |
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0.000 |
0.000 |
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Profit/(Loss) After Tax |
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0.805 |
0.659 |
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Total Expenditure |
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9.195 |
8.461 |
KEY RATIOS
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PARTICULARS |
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31.03.2008 |
31.03.2007 |
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PAT / Total Income |
(%) |
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8.05 |
7.23 |
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Net Profit Margin (PBT/Sales) |
(%) |
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8.05 |
7.23 |
LOCAL AGENCY
FURTHER INFORMATION
WEBSITE DETAILS:-
Concern Profile
The concern enthralling range of fragrances is widely used in the incense sticks, soaps, detergents and cosmetics industry. Backed by a rich experience of 55 years in the similar business domain, Subject holds a dignified platform in the sphere of perfumery. The concern is a distinguished manufacturer, exporter and supplier of unmatched perfume products such as Indian attars, natural Indian attars, essential oils, sandalwood oil, rose water, kewra water, etc. Specialities in rose oil, rose attar, and rose water. They specialize in rose oil, rose attar and rose water. Their products are widely applicable in diverse food processes. On schedule delivery and urge to explore the best in the industry, through continuous research and development has enabled them to earn a huge client base spread all over the globe.
Memberships and Affiliations
They have been offered life time memberships of the
following government associations:-
·
Fragrances and Flavours Association of India
·
Zafrani Zarda Manufacturing Association of India
·
Essential Oils Association of India
·
Natural Attar Industries Association of India
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Registered with Small Scale Industries of India.
Product Range
The concern is the leading manufacturer, exporter and
supplier of the following products:
Natural Essential Oil
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Sandal-Wood-Oil (Indian-Chandan)
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Gulkand
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Agar Wood Oil (Oodh-Indian)
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Attar - Gul - hina (Mehendi-oil)
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Zafrani Oil
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Nagar Motha Oil
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Jatamasi Oil
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Zafari Oil - (Rooh-Genda)
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Attar-Zafran-Oil (Kashmira)
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Sugandh Mantri Oil
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Sugandh Kokila Oil
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Natural Patchouli Oil
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Tube Rose Oil
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Natural Fragrances
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Aromatic Therapy Oil
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Perfume Oil
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Body Massage Oil
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Herbal Oil
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Flavour Oil
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Conceptests Oil
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Herbal Extract Oil
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Floral Waters
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Non-Alcohol Attars and
Fragrances
Natural Aromatics
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Rose Absolutes
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Kewra Absolutes
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Rose Water
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Motiya-Absolute (Rooh-Motiya)
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Khus-Water
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Zafran-Water
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Kewra Water
Attars
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Indian Attars
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Natural Attars
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Attar Oil
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Attar Perfumes
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Attar-Zafran-Sandali
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Choya Loban
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Attar Mitti (Indian)
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Attar Champa
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Sandal Powder
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Gulab (Flower)
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Kewra (Flower)
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Nakh-Choya (Seeta-Nakh-Indian)
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Attar-Motiya (Bela-Flower)
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Shamama Shahi
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Choya-Ral (Agarbatti-Burning Purpose)
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Attar-Genda (Flower)
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Attar - Champa
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Attar-Moul-Shree
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Rose Fasali
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Attar Musk Hina
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Attar Hina Oudhi
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Attar Hina Sandali
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Attar Moulsree
Hina
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Musk Hina
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Ambari Hina
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Golden Hina
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Zafrani Hina
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Shamama Hina
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Shamama - Tul - Amber
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Essential oils |
Botanical Name |
Essential Oils |
Botanical Name |
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Rose Oil |
Rose darrescere |
Myrrh |
Commophora Myrrh |
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Kewra Oil |
Pandanus Odoratissmus |
Nar Kachuri Oil |
Curcuma Zedoaria |
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Mogra Oil Absolute |
Jasminum Sambac |
Nutmeg |
Myristica Frangrans |
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Champaka Winize Absolute |
Michelia champaca |
Neroli |
Myristica Frangrans |
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Shamama |
My Spicos Bana |
Orange Oil |
Citrus Aurantium |
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Khus(Velvet Oil) |
Venzore Zercizes |
Pioermint |
Mentha piperita |
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Aniseed |
Pimpinella anisum |
Pine |
Pinus nigra |
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Black Pepper |
Piper nigrum |
Spikenard Oil (Jatamansi Oil) |
Nardostachys Jatamansi |
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Cardamon Oil |
Elettaria cardamomum |
Sugandha Kokila Oil |
Cinnamomum Cecidodephne |
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Citroneila Oil |
Cimbopogon winteriana yava |
Sugangha Bale Oil |
Pavonia Odorata |
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Clove Oil |
Eugenia Caryophyllata |
Sugangha Mantri Oil |
Gandhi roots |
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Cypioi (Nagarmotina) |
Cyperus Sceriucs |
Turmeric Oil |
Curcuma Longa |
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Comender Oil (Indian) |
Urbel fereas |
Tagetes Minute |
Tageles Patue |
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Eucalyptus Citnodora |
Equalitus grinodal |
Blask Pepper |
Pepper Nigum |
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Frankresense |
Bosvela Serre Gel |
Corianser |
Coriandrum Sativum |
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Geranium Oil |
Pelerganium |
Eucalyptus Oil |
Eucalyptus Globulus |
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Goraniol Ex Pafmarosa |
Cymbonogen Martial |
Basil Oil |
Octimum basillicum |
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Ginger root oil |
Zingiber officinale |
Holi Basi |
Ocimum Sanctum |
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Gingergrass oil |
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Patchouli India |
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Kappor Katcherri Oil |
Hydecnium Spicatium |
Choya Looan |
Banzola |
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Lemon grass Oil |
cynproppggrun / lossees |
Choya Nakha |
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Lemon |
Cirus momon |
Heena |
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Superlative Quality
Superior quality is the primary concern at the concern. They
are keenly administered by sound management ethics at every level. All their
products are manufactured from natural herbs. The finest quality of flowers are
sourced from their own farmhouses. Their diligent quality inspectors regularly
conduct quality checks in their well equipped laboratory in order to ensure
flawless production. Every stage is monitored by a team of highly experienced
professionals that eliminates even the minutest possibility of quality
degradation.
Infrastructure
Their outstanding infrastructural abilities strengthen them in
fulfilling all their business objectives. They are empowered by the latest
machineries and excellent human resources to deliver pure and natural fragrance
solutions to their prestigious clients. Their spacious warehousing facilities
enable them to ensure timely delivery of the products. They pay a high degree
of attention to the specific requirements of their customers.
Motto
Their sole business motto is to provide their esteemed clients with the
best natural fragrance solutions at the most competitive prices. They always
promote the culture of fair trade practices and welcome any suggestions from
their clients.
Clients
They have made a place for them selves in the competitive international market.
The products have been globally accepted for their high quality standards. The
most valuable clients are situated in UAE, Bangladesh, Manama and Behrain.
Why Them?
· Wide range of products for varied applications
· Unmatched quality to cater to the clients' desirable thirst
· Wide distribution network to ensure timely delivery
· Affordable prices
· Client oriented approaches.
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 concern 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 concern’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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.88 |
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UK Pound |
1 |
Rs.82.97 |
|
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 |
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 |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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