MIRA
INFORM REPORT
|
Report Date : |
22.10.2008 |
IDENTIFICATION DETAILS
|
Name : |
UNNATI AGENCIES |
|
|
|
|
Registered Office : |
Shop No. 10, Riddhi Siddhi Apartments, Mitha nagar, Cross Road, Mulund
East, Mumbai – 400 081, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2008 (Estimated) |
|
|
|
|
Year of Establishment : |
2005 |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAAPR9060M |
|
|
|
|
Line of Business : |
Distributors of Automatic Strapping Machine, PP Box Strapping, Carton
Sealing machine, BOPP Tapes,
Shrink Tunnel, etc |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a Small Traders. Trade relations are fair. Payments are
usually correct and as per commitments. The concern can be considered normal for business dealings at usual trade
terms and conditions. |
INFORMATION PARTED BY
|
Name : |
Mr. Dilip Rajani |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9322850568 |
|
Date : |
20.10.2008 |
LOCATIONS
|
Registered Office : |
Shop No. 10, Riddhi Siddhi Apartments, Mitha nagar, Cross Road, Mulund
East, Mumbai – 400 081, Maharashtra, India |
|
Tel. No.: |
91-22-32565690 |
|
Mobile No.: |
91-9322850568 (Mr. Dilip Rajani) |
|
E-Mail : |
|
|
Area : |
300 Sq.fts |
|
Location : |
Rented |
|
|
|
|
Corporate Office
: |
Shop No. 9, Arunodaya Nagar Shopping Complex, Mulund East, Mumbai –
400 081, Maharashtra, India |
SOLE PROPRIETOR
|
Name : |
Mr. Dilip Rajani |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
57 years |
|
Qualification : |
B. Com |
BUSINESS DETAILS
|
Line of Business : |
Distributors of Automatic Strapping Machine, PP Box Strapping, Carton
Sealing machine, BOPP Tapes,
Shrink Tunnel, etc |
|
|
|
|
|
·
Automatic Strapping Machine ·
PP Box Strapping ·
Carton Sealing Machine ·
BOPP Tapes ·
Shrink Tunnel ·
PVC Shrink Sleeves and Labels ·
Currency Counting Machine ·
Continous Sealing Machine ·
PET Strapping ·
PET Strapping Tools ·
Coding Machine |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit (30-90 days) |
|
|
|
|
Purchasing : |
Cash, Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
4 |
|
|
|
|
Bankers : |
New India Co-op Bank limited,
Mulund (East), Maharashtra, India |
|
|
|
|
Facilities : |
Cash Credit – Rs. 0.400 million |
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
K B Amalani and Company Chartered Accountants |
|
Address : |
Thane District, Maharashtra, India |
|
Tel. No.: |
91-22-25407107 |
|
|
|
|
Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 0.400 million |
|
Borrowed : |
--- |
|
Total : |
Rs. 0.400 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2008 (Estimated) |
|
|
|
|
|
|
Sales Turnover |
|
|
10.000 |
Expected Sales (2008-09): Rs. 12.500 millions
LOCAL AGENCY FURTHER INFORMATION
|
Additional
Requirement of Indiamart for Trust-Seal |
|
|
|
VAT / TIN : 27250385725 |
|
|
|
PAN : AAAPR9060M |
|
|
|
Bank Name : New India Co-op Bank Limited |
|
Bank Address :Mulund (East) Branch |
|
Bank A/c. No.: CC – 1978 |
|
Account Since : 2005 |
TRADE REFERENCES:-
· Maharashtra Plastics Industries, Daman
· Kanti Patra Plastics Private Limited, Daman
WEBSITE DETAILS:-
Concern
Profile:
Subject
incepted in the year 2005, have paved the way to establish their selves as
the foremost suppliers of reliable packaging machines that cater to the
requirement of various industries such as garments, textiles, pharmaceuticals
and others. They focus in meeting customer’s need and pay particular attention
to customer support and after sales services. Their technicians are analytic,
hard working and quick on their feet which enables them to provide effective
resolutions to the customer’s grievances. Such effectiveness prompts their
customers to choose them over their competitors. Realizing the increasing
growth in the packaging industry, they have understood the need for innovative
packaging machines so as to improve the existing standards of packaging. Hence,
they direct all their efforts to comprehend the exact requirements and specifications
of their clients and convey the same to their rich vendor base.
Mentor
They have witnessed a remarkable growth
under the leadership of Mr. Dilip K Rajani. He has taken the company to new
heights with his determination and devotion. His rich experience in the
particular domain, has enabled the company to grow in leaps and bounds within a
short time frame. Also as a great source of motivation; he has mentored their
technicians and other experts to conduct business on the lines of sound principles
and integrity, in order to achieve assured customer satisfaction.
Products
To meet the high speed need of the packaging
industry, they offer their clients with precision engineered packaging
machines. Their range comprises of Automatic Strapping Machine, PP Box
Strapping, Carton Sealing Machine, BOPP Tapes, Shrink Tunnel, PVC Shrink
Sleeves and Labels, Currency Counting Bundle and Loose, Continuous Sealing
Machine, PET Strapping, PET Strapping Tools and Coding Machine.
Their principal manufacturers make use of high grade steel and PVC plastic and
other raw materials to offer unsurpassed quality machines. Their gamut exhibits
the following features:
· Durable and reliable
· High speed
· Flexible operations
· Low maintenance
· User friendly
· High tensile strength
Industries they cater to
Their wide range of packaging machines,
acquired from certified manufacturers finds application in diverse sectors as
it offers qualitative and protected packaging facility. Following are the
industries they cater to:
· Pharmaceuticals
· Cosmetics
· Confectionery
· Garments and textile
· Electrical and electronics
· Paint
· Hardware
· Chemical
· Newspaper printing
· Food and frozen food
· Fisheries
Team
A major asset contributing to the success of
the organization is their qualified and experienced team of professionals. They
have an excellent and dedicated team of procuring agents, sales and marketing
experts, customer care executives and many more. Their persevering approach has
helped them to carve their way as a leading supplier of packaging machines in
the highly competitive industry.
They work in tandem with their customers to understand their requirements and
meet the same by conveying the details to their ISO certified manufacturers.
Moreover their customer care executives pay special attention to the
suggestions and complaints of individual clients, to provide effective
solutions. They assist the customers with the requisite technical information,
features, benefits and limitations and also furnish them with guidelines about
the operational features of the machines.
Quality Assurance
They as a trader enjoy a critical position;
their nature of work makes them an essential link between the manufactures of
the machines and the end users. Such vulnerability makes it all the more
important for them to maintain the standard of quality by analyzing the performance
of the machine at the time of procurement and a thorough inspection even at the
time of dispatch.
Even a minute fault or flaw in the machine would result in deteriorating their
market position, affecting the business turnover and their hard earned
reputation.
They have a team of quality experts who have vast market experience and product
know-how. They make a detailed study of the features, so that they are equipped
to recheck the products after the stage of procurement and ensure that the machine
meets the international quality standards and specifications.
Client Satisfaction
Their reputation is constructed around
incomparable product quality, prompt delivery and reliable services.
Understanding the clientele need has enabled them to offer their clients with a
range that exactly meets their specifications. With their attentive services,
they have been able to cater to the unending list of clients spread across
diverse industries and have achieved assured satisfaction from their end.
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 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.83 |
|
UK Pound |
1 |
Rs.85.12 |
|
Euro |
1 |
Rs.65.86 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
---- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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 |
|