MIRA INFORM REPORT
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Report Date : |
08.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
KUBERANS EXIM |
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Registered Office : |
17/D, 153, Balaji Street, Alagappan Nagar, Madurai – 625003, Tamil
Nadu |
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Country : |
India |
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Year of Establishment : |
2007 |
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Com. Reg. No.: |
33325164244 |
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PAN No.: [Permanent Account No.] |
Akrpr7863b |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of Apparel, Packaging Materials, Printed
Papers Products, Industrial Supplies, Health Supplies, Leather Goods, Textile
Yarn. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 3000 |
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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 new concern and yet to establish track. No payments or banking
relations are known. Initially, the concern can be considered for any business dealings on
safe and secured trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. K S rajan |
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Designation : |
Proprietor cum Chief Executive Officer |
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Contact No.: |
91-9442192039 |
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Date : |
04.10.2008 |
LOCATIONS
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Registered Office/ Factory : |
17/D, 153, Balaji Street, Alagappan Nagar, Madurai – 625003, Tamil
Nadu, India |
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Tel. No.: |
91-452-2692039 |
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Mobile No.: |
91-9442192039 |
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E-Mail : |
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Website : |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. K S rajan |
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Designation : |
Proprietor cum Chief Executive Officer |
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Address : |
17/D, 153, Balaji Street, Alagappan Nagar, Madurai – 625003, Tamil
Nadu, India |
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Date of Birth/Age : |
03.04.1975 / 34 years |
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Qualification : |
BBA, DME |
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Experience : |
7 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Apparel, Packaging Materials, Printed Papers
Products, Industrial Supplies, Health Supplies, Leather Goods, Textile Yarn. |
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Terms : |
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Selling : |
L/C, T/T |
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Purchasing : |
L/C, T/T |
GENERAL
INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
8 |
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Bankers : |
Canara Bank, SmE Branch |
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Banking
Relations : |
Unknown |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.500 million (Estimated) |
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Borrowed : |
--- |
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Total : |
Rs. 0.500 million (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
New Concern
LOCAL AGENCY
FURTHER INFORMATION
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Additional
Requirement of Indiamart for Trust-Seal |
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Central Sales
Tax No.: 154878 |
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VAT / TIN : 33325164244 |
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IEC Code : 3507003937 |
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PAN No.: Akrpr7863b |
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Bank Name : Canara
Bank |
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Bank Address : SME
Branch |
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Account Since : 2007 |
WEBSITE DETAILS:-
Concern Profile:-
As a merchant exporter, Subject was established under the leadership of
K.S. Rajan. It was incepted with the view to export and supply world class
products to their clients. All their premium quality products adhere to the
international standards. They can get them customized as per the wants of the
clients.
They strongly believe that the foundation and success of any business is to
ultimately satisfy the desires of the clients. In order to cater to the needs
of the customers they have been supplying good quality long lasting products to
their clients.
Their team of professionals together with their manufacturing expertise and
good infrastructural facilities are the pillars of strength. All these things
helps them in rendering quality services and different products at reasonable
prices. Apart from this, their infrastructure has helped them in meeting the
demands of the international customers and thereby, exhibiting their worldwide
presence.
Business Objectives
· Maintain harmonious relationship with the buyers
· Render complete customer by rendering high services and quality products
· Avoid the delay in processing of orders
· World wide recognition
· Assure timely delivery of consignments
Product Range
They export and supply different types of corrugated boxes, which are
used in industries like food, confectionery and pharmaceuticals. They also
supply industrial products, greeting cards for different occasions,
festivities, playing cards in standard dimension, HDPE/PP woven sacks.
The industrial products, screw products like socket head cap screws,
countersunk cap screws, socket button head cap screw, socket set screws grub
screws, knurled cup point with special points like flat, cone, plain cup,
pressure plugs screws, hexagon screws.
The industrial products, nuts and bolts like hexagon head bolts, cross recessed
bolts, track shoe bolts, high strength friction grip bolts, wheel bolts, track
shoe nuts, high strength friction grip nuts, hexagon nuts, square nuts, castle
nuts, slotted nuts, weld nuts, nylon - self lock nut varying shapes and sizes.
They also supply washers of different types like plain washer, helical spring
washer, spring washer, tab washer, wave washer, tapper washer, star washer,
disc washer and belle ville washer.
Their other diversified range of
products includes:
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Apparels
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Wedding Cards
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Greeting Cards
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Playing Cards
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Date Calendar
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Publication Books
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Executive Diary
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Medicines
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Food Supplements
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Male Condoms
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Leather Goods
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Textile Yarn
Packaging Facility
They offer special packaging facility for their products. They can be
are packaged depending on the goods that are supplied and the needs of the
customers. They are available in bulk water proof packaging. Each and every
product is packed using latest machines by their team of professionals. They
undertake individual packaging, packing manual and machine packing helps them
in resisting the quality of products and over come the hassle of inefficient
handling of the products at the time of delivery.
The playing cards, greeting cards and corrugated boxes are available in
different packing and designs so that the prints are visible and can be easily
chosen by the end users.
Quality Assurance
They provide complete quality assurance to their clients. All their products
are known for their long shelf life, strength and durability. They undertake
quality process at their in house testing lab which is equipped with world
class devices. Some of facilities offered by them for testing the products
include:
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Cold forging equipment
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Spherodisation machines of alloy steel
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Independent vacuum treated facility
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Atmosphere controlled continuous heat treatment facilities
Due to their full proof quality check system they have been issued N29002 /
ISO9002 / QS9000 / BS5750 certificates. These certificates are not only a
hallmark to their quality but witness their sincerity in supplying the goods
which adhere to the international standards.
Before the final delivery of all the products, they are checked in various
parameters and are supplied in coherence with the needs of the different
industries and their applications
Sourcing Capabilities
They have a well establish network that helps them in procuring the
finished goods from the renowned manufacturers located in the country and
abroad. All the goods are and dispatching them to the final destination. Their
large ware house have different sections which help them in easy segregation of
goods and the helps them in timely delivery of quality products. Their team of
professionals and experts source all product in accordance with the growing
demand in markets. Hence, their clients receive the best of the products cater
to all the needs of the end users.
Payment Mode
The Indian clients have the options to either document their payment
through bank or send full payment in advance by draft or they can deposit the
amount in their account. Their international clients can directly deposit the
amount in their account via swift transfers.
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.48.01 |
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UK Pound |
1 |
Rs.84.16 |
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Euro |
1 |
Rs.65.20 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
--- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
--- |
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--CREDIT LINES |
1~10 |
2 |
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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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15 |
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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