MIRA
INFORM REPORT
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Report Date : |
13.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
GLOBE INTERNATIONAL |
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Registered Office : |
Basti Nau, Dusehra Ground, Jalandhar 144002, Punjab. |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1982 |
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IEC No.: |
3005013260 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
JLDG00789F |
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PAN No.: [Permanent
Account No.] |
APMPK2641E |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturers and Exporters of Surgical Instruments. |
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 2500 |
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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 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. Samrat Kumar |
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Designation : |
Proprietor |
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Contact No.: |
91-181-2251341, Mo. 91-9876348485/9888141485/9872299958 |
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Date : |
01.10.2008 |
LOCATIONS
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Registered Office : |
Basti Nau, Dusehra Ground, Jalandhar 144002, Punjab. |
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Tel. No.: |
91-181-2251341 |
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Mobile No.: |
91-9876348485/ 9888141485/ 9872299958 |
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Fax No.: |
91-181-2251341 |
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E-Mail : |
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Website : |
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Area : |
NA |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Samrat Kumar |
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Designation : |
Proprietor |
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Address : |
Basti Nau, Dusehra Ground, Jalandhar 144002, Punjab. |
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Date of Birth/Age : |
28 Years |
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Qualification : |
MBA |
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Experience : |
5 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Exporters of Surgical Instruments. |
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Products : |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
Pakistan |
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Terms : |
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Selling : |
L/C Cash and Credit |
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Purchasing : |
L/C Cash and Credit |
GENERAL
INFORMATION
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Suppliers : |
Own Manufacturing |
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Customers : |
Hospitals and Surgical Dealers |
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No. of Employees : |
6 |
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Bankers : |
Axis Bank Limited, Jalandhar 144002, Punjab, India. |
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Banking
Relations : |
Normal |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.500 Million |
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Borrowed : |
NA |
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Total : |
Rs. 0.500 Million |
[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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Profit/Loss for the year |
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12 % |
12% |
Expected Sales (2008-09) : Rs.5.000 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 |
GLOBE INTERNATIONAL |
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Address |
Basti Nau, Dusehra Ground, Jalandhar 144002, Punjab. |
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Phone / Mobile Numbers |
91-181-2251341 |
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Fax Number |
91-181-2251341 |
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Statutory Approvals |
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Legal Status of Firm |
Proprietorship Company |
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Income Tax Registration |
APMPK2614E |
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Excise Registration |
03321043694 |
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Import Export Code |
3005013260 |
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Name of Bank |
Axis Bank Limited, Jalandhar 144002, Punjab, India. |
Website Details attached:
Profile:
Established in the year 1982, at Jalandhar, Punjab, they “Subject,” are one of the reputed manufacturers and exporters of surgical instruments such as microsurgical instruments, thermocouple instruments, etc. Their range include dental, hot selling products, orthopedic implants, quality surgical instruments, TC instruments and other associated products.
Under the guidance of their mentor Mr. Samrat Kumar, they have
maintained a positive growth rate. To support his business initiatives, they
have with them experienced team which constantly strives towards bringing
further improvements in their range of products, thus helping them meet the
specific process requirements of the medical fraternity.
Their consistency in delivering high performance oriented instruments has
enabled them to capture both the domestic and international markets. Some of
their overseas clients are based in regions like America, Europe, Africa and
Asia.
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.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
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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