MIRA
INFORM REPORT
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Report Date : |
15.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
ALPINE INTERNATIONAL |
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Registered Office : |
Alpine House, C- 524, Sushant Lok, Phase – 1, Gurgaon- 122002, Haryana |
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Country : |
India |
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Financials (as on) : |
31.03.2008 (Estimated ) |
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Year of Establishment : |
1993 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELA17252E |
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PAN No.: [Permanent
Account No.] |
AAAFA6635K |
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Legal Form : |
A Partnership Concern With An Unlimited Liability of the Partner |
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Line of Business : |
Manufacturer and Exporter of Garments. |
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 4000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed concern having satisfactory
track records. 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. Ashok Kumar |
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Designation : |
Accountant |
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Date : |
29.08.2008 |
LOCATIONS
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Registered Office : |
Alpine House, C- 524, Sushant Lok, Phase – 1, Gurgaon- 122002, Haryana |
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Tel. No.: |
91-124-4057947/ 48/ 4051029 |
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Fax No.: |
91-124-4051028 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Warehouse : |
842, Ballimaran Street, New Delhi – 110006, India |
PARTNERS
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Name : |
Mr. Mohammad Zaki |
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Designation : |
Chairman |
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Date of Birth/Age : |
63 Years |
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Qualification : |
30 Years |
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Name : |
Mr. Mosin Zaki |
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Designation : |
Partner (Chief Executive Officer) |
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Date of Birth/Age : |
38 Years |
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Qualification : |
Graduate |
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Experience : |
15 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Garments. |
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Products : |
Ladies and kids fashion garments |
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Exports : |
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Countries : |
UK, USA, Europe and Singapore |
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Imports : |
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Countries : |
Italy |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL
INFORMATION
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Customers : |
Manufacturer |
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No. of Employees : |
In Office 50 + In Warehouse 8 = 58 |
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Bankers : |
v Indian Overseas
Bank – R K Puram, Delhi v Union Bank of
India, Chandani Chownk, Delhi 11006 |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
N.A |
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Associates : |
v Emrald Overseas
– R K Puram, Delhi |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.4.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs.4.000 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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25.000 |
20.000 |
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Profit/ Loss for the year |
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12% |
12% |
LOCAL AGENCY
FURTHER INFORMATION
Web Details
Attached
Subject headquartered in Gurgaon, India, is a professionally
managed organisation engaged in international multi commodity trading, running
its operations in some of India's most naturally enriched geographical regions.
The concern has
long-term business contracts with its overseas clients for commodities like
Iron ore, marble, granite, and other minerals besides cereals - wheat, rice,
spices, vegetable - garlic, onion, fruits - apple, pear and grapes.
Established in 1993 the Concern has come a long way since in providing its
customers in USA, Europe, China and Southeast Asian countries the best of its
products.
Mineral trading which forms the core business area for Alpine
International is driven by its operations around the mining beds of Iron ore, which
are located in mineral rich belts of Hospet & Bellary. The Concern has its
own 3000 & 5000 sq. mtr. stacking facilities at the Managalore and Karvar
port respectively. Through its efficient management of resources and sound
logistic network the Concern has successfully acheived 75,000 DMT of Iron ore
export to China in the last financial quarter itself and is expected to do more
than 200000 DMT Iron ore export by the end of the current financial year.
Alpine International is also one of the leading import export
companies for Marble, Granite, Travertine and Engineered stones. Major buyers
for Their granite and marble blocks/
slabs are from China, Europe & USA. Its domestic trading for the same is
based in New-Delhi & Gurgaon, India where the Concern has more than 100000
sq. ft. of exquisite stone on display in its stockyard.
In its constant endeavor
towards growth and diversification, Alpine International entered into the field
of Agricultural commodity trading where again its vast experience in the world
market has enabled it to develop newer markets and buyers for its agricultural
produce. Cereals - wheat, rice, spices, vegetable - garlic, onion, fruits -
apple, pear and grapes are some the major commodities being traded by the
Concern.
Alpine International works
with a clear objective of sustaining growth patterns through consistent quality
and never failing commitments.
They are on the look out for building long lasting & mutually
benefiting business relationships with companies of mutual interest worldwide.
ALPINE INTERNATIONAL is headquartered in Gurgaon, India and has
been running its core business operations of international trading of Iron Ore,
Manganese Ore & Bauxite in one of most naturally enriched geographical
regions of Bellary & Hospet, in southern India.
It has major offices are in New Delhi, Mangalore, Karwar &
Hospet and strategically located smaller offices in other parts of the country
for providing logistical support. It is distinguished from other vendors by its
core competence, which lies in sourcing the best of natural resource at
internationally competitive prices through its successful operations in one of
the world's best-known mining regions.
Alpine International has chosen these mining beds owing to the
large deposits of high grade iron ore found in these mines and their strategic
location in terms of vicinity to world-class port facilities at Mangalore and
Karwar. The Iron ore from these mines is known for its consistency (average Fe
63.5%) in quality.
Alpine International as a primary exporting arm for one of the
biggest mining networks in the region combined with its trustworthy logistical
infrastructure is equipped to handle and provide multiple vessel loads of raw
material supplies to its overseas clients on a consistent basis.
Alpine International owns its stacking facilities at Mangalore
(3000 sq.mtrs.) and Karwar port (5000 sq. mtr.). Iron ore after being
transported through rail cars and dumper trucks reaches these stacking bays and
from here it is then loaded onto the chartered vessel for the final journey to
its overseas destination port.
Last year which saw a mercurial rise in iron ore demand in the
world market had put all of Alpine International's resources to test but with
its professionally managed environment in place it fulfilled all its
commitments on quantities and timelines for its customers worldwide. Through
its efficient management of resources and sound logistic network, the Concern
is expected to achieve the figure of 200,000 DMT of Iron ore export to China
alone, in the current financial year, of which shipment of 75,000 DMT has
already been achieved.
Their quality sampling and certification is done
by SGS and S.K.Mitra . Given below are the general specifications of quality
standards for physical and chemical properties of Their exportable Iron
Ore Fines .
Alpine International has long-term strategic business
arrangements with a number of large & mid-sized marble and granite quarries
situated in some of the most naturally enriched regions of India and for close
to a decade has been engaged in overseas trading of marble, granite and
state-of-the-art engineered stones. Known for its proficiency and strength in
sourcing the best of natural and engineered stone from all over the world, both
in terms of quality and pricing, it is fast becoming one of the most preferred
stone trading companies from India.
Alpine
International is a professionally managed Concern with group turnover exceeding
USD 5 million and is fully equipped to handle large project requirements. The
Concern under the able leadership of Mr. Gagan Shukla with a team of
experienced professionals in logistics and marketing is all set to see a
manifold growth in business in the near future. The Concern with over a decade
of successful business operations under the belt is well on course to become an
organization synonymous with comprehensive solution providers on natural and
engineered stones.
It ranks among the top 10 exporters of natural stones from India. Consistencies
in quality, timely execution of orders and competitive prices have earned the
Concern long-term buyers from the developed world.
Some of the trusted business partners for Alpine International are SAVEMA SPA
(Italy), MAZZUCCHELLI ALFREDO & FIGLI SRL (Italy), BINDER (Germany), ZENITH
MINING INC. (Taiwan), PROTYPE TRADING COMPANY (Taiwan), XIAMEN C&D STONE
Co. LTD. (China), SINGAMAS COMPANY PTE LTD (Singapore).
Alpine International ventured into the domestic market in year 2003 with the
sole objective of bringing in its vast international experience to become one
of the most trusted vendors in the industry. With its long stint in the
international market it has been able to not only negotiate the best prices
from sources worldwide but also build an exhaustive product portfolio which has
the finest imported marble, granite and a huge range of latest engineered
stones.
In its constant
endeavor with regard to professional approach towards the business, Alpine
International moved in to the retailing arena by opening its retail outlets,
which go by the name of Stoneworld . Currently there are two
such outlets in the N.C.R. one in New Delhi and the other in Gurgaon with stock
in excess of 1,00,000 sq. ft. of exquisite imported natural and engineered
stone both in tile and slab form on display
.Stoneworld
:
421/2, (Behind Fiat Showroom), Westend Greens Road, Rangpuri, NH-8, New
Delhi, India.
Plot No-8, Marble Market, Sikanderpur, Gurgaon, Haryana, India.
Worldwide, engineered stones have rapidly become the
preferred choice over the natural marble or granite due to factors like
variation, price and availability. Alpine International citing a huge potential
market for the engineered stones in India decided to market these stones under
the umbrella brand name “Marbella”. Systematic and professional
approach today has made “Marbella” a well-known brand among the top architects
and builders of Delhi region, which speaks volumes about Alpine International’s
commitment towards quality and quest for innovation.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.71 |
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UK Pound |
1 |
Rs.83.30 |
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Euro |
1 |
Rs.65.12 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
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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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5 |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
YES |
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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 & favTheir able 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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