MIRA
INFORM REPORT
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Report Date : |
25.10.2008 |
IDENTIFICATION DETAILS
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Name : |
WORLD EXCLUSIVE |
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Registered Office : |
17, |
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Country : |
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Financials (as on) : |
-- |
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Year of Establishment : |
1983 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Supplier and Exporter of Chemicals, Ball Bearing, Sanitary Ware, Rubber,
Textiles (Fabrics), Metals, Acrylics Sheets, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Undetermined |
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Comments : |
Subject seems to be a pretty old concern in its field. No responsible
person is available in the office. One Ms. Ruchita Banerjee was available, who
declined to part with any details. She even denied to provide the mobile no.
of Mr. Siddharth (Proprietor), Who is never available in office. In view of the above, it would be prudent to deal with the subject on
fully safe and secured terms only. |
LOCATIONS
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Registered Office : |
17, |
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Tel. No.: |
91-11- 28754060 |
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E-Mail : |
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Website : |
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Branch Office 1
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Tel. No.: |
91-11- 28754060/ 28751061 |
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Branch Office 2
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113- 114, |
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Tel. No.: |
+91-11- 27356290/ 27356289 |
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Overseas Office
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Head Office : |
PO Box – 241085, |
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Tel. No.: |
+971 43516037 |
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Fax No.: |
+971 43516036 |
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Overseas Office
2 : |
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Overseas Office 3 : |
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Overseas Office
4 : |
Room 503, |
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Tel No.: |
+822908- 7907/ +822908- 7909 |
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Overseas Office
5 : |
18- J, |
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Tel No.: |
+86574- 27669660 +86574- 27669661 |
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Fax No.: |
+86574- 27669662 |
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Overseas Office
6 : |
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Overseas Office
7 : |
Suite 507, 5F 372, LIN Shen North Road, |
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Tel No.: |
+886- 25222260 |
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Overseas Office
7 : |
1063- 69, Seochodong Seochoku, |
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Tel No.: |
+822583- 9741/ +822583- 9742 |
SOLE PROPRIETOR
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Name : |
Mr. Siddhart |
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Designation : |
Proprietor |
BUSINESS DETAILS
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Line of Business : |
Supplier and Exporter of Chemicals, Ball Bearing, Sanitary Ware,
Rubber, Textiles (Fabrics), Metals, Acrylics Sheets, etc. |
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Products : |
Ø
Advertising Raw Material Ø
Engineering Products Ø
Plastics Ø
Rubbers Ø
Chemicals Ø
Metals Ø
Sanitary Ware Ø
Consumer Products |
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Exports : |
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Products : |
Chemicals, Fabrics, Sanitary Ware, Rubber, etc. |
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Countries : |
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Imports : |
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Products : |
Chemicals, Fabrics, Sanitary Ware, Rubber, etc. |
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Countries : |
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GENERAL INFORMATION
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Bankers : |
NA |
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Auditors : |
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Name : |
Not Divulged |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
NA |
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Borrowed : |
-- |
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Total : |
NA |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NA
LOCAL AGENCY FURTHER INFORMATION
ABOUT US
With globalization leading the way and the shift
to a knowledge based economy, businesses today have become highly competitive
and its dynamics increasingly complex. The ever evolving market and the various
technological innovations, accompanied by changes in the structure of industry
around the world are rapidly making headway. Amid these trends, World
Exclusive, a leading international trading company, tries to aggressively
provide global services and turnkey supply chain solutions. Worldwide services
include freight forwarding, warehousing/inventory management, and outbound /
e-commerce solutions through their global supply chain network
The group with 25 years of experience in international trade and with its head
office in Dubai with branches in China and Singapore has a wide network
of supply throughout domestic and international market. It operates in a wide
range of spheres from the procurement of materials to the consumer market,
providing various products and services that consumers frequently come into
contact with during their daily lives. These include raw materials for the
industry. They source raw materials of highest standards for manufacturers. In
a small way they offer to their customers’ best quality products at reasonable
pricing.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.95 |
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UK Pound |
1 |
Rs.79.56 |
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Euro |
1 |
Rs.63.65 |
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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