MIRA
INFORM REPORT
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Report Date : |
27.10.2008 |
IDENTIFICATION DETAILS
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Name : |
SHIV SALES CORPORATION |
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Registered Office : |
252, Kotla, Mayur Vihar, Phase – I, Near Gujar Bhawan, |
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Country : |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1993 |
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IEC No.: |
0508045746 |
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PAN No.: [Permanent
Account No.] |
AAPPS0585D |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Trader of Natural Oils and Natural Fragrances |
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 : |
- |
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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. Proprietor is reported as experienced and respectable businessman.
Trade relations are fair. Business is active. 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
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Name : |
Mr. Rajeev Singhal |
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Designation : |
Proprietor |
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Contact No.: |
91-9811213799 |
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Date : |
24.10.2008 |
LOCATIONS
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Registered Office : |
252, Kotla, Mayur Vihar, Phase – I, Near Gujar Bhawan, New Delhi –
110091, India |
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Tel. No.: |
91-11-22790282 / 22792916 |
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Mobile No.: |
91-9811213799 |
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Fax No.: |
91-11-22792916 / 22790282 |
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E-Mail : |
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Website : |
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Area : |
1500 sq. ft. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Rajeev Singhal |
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Designation : |
Proprietor |
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Address : |
85, Aiims Apartment, Mayur Kunj, Mayur Vihar, Phase – 1, |
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Tel No.: |
91-11-22743450 |
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Date of Birth/Age : |
38 Years |
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Qualification : |
Graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Trader of Natural Oils and Natural Fragrances |
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Products : |
·
Essential Oils ·
Traditional Indian Attars ·
Spices Oils ·
Cold Press Oils ·
Aroma Therapy Oil ·
Sesame Organic Oil ·
Herbal Body Massage Oil ·
Perfumery Compound ·
Florali Absolute Waxes / Rose water ·
Natural Honey and Herbal Extracts |
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Exports : |
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Products : |
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Oils and Natural Fragrances ·
Perfumes |
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Countries : |
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Gulf Countries ·
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Imports : |
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Products : |
Chemicals |
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Countries : |
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Terms : |
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Selling : |
Credit (30 days) |
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Purchasing : |
Credit (30 days / 45 days) |
GENERAL INFORMATION
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Suppliers : |
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Singhal Ayurvedic Products Private Limited ·
Shiv Organics Private Limited |
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Customers : |
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End Users ·
Dabur ·
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Himani |
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No. of Employees : |
8 |
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Bankers : |
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Nainital Bank, ·
ICICI Bank, Mayur Vihar |
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Facilities : |
CC Rs.3.000 millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
V K Sharma and Associates Chartered Accountants |
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Address : |
Laxmi Nagar, |
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Memberships : |
·
Essential Oil Association of ·
Fragrances and Flavors Association of |
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Associates/Subsidiaries : |
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Singhal
Ayurvedic Products Private Limited Incorporation : 28.03.1995 Address : A-4T, Factory Address : C – 7/73, Phase – II,
Noida, Uttar Pradesh Factory Area : 460 sq. mtr. CIN No.: U24233DL1995PTC066845 Registered : 066845 ·
Shiv Organics
Private Limited Incorporation : 29.08.1977 Address : E – 197, Greater Kailash Part
II, CIN No.: U24299DL1977PTC008714 Registered : 008714 |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Available |
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Borrowed : |
-- |
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Total : |
Not Available |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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14.000 |
Expected Sales (2008-09) : Rs.35.000 Millions
LOCAL AGENCY FURTHER INFORMATION
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Additional Requirement of Indiamart for
Trust-Seal |
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Service Tax No. : - - |
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Excise Registration No.: |
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VAT / TIN : 07690225084 |
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IEC Code : 0508045746 |
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PAN / TAN : AAPPS0585D |
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Bank Name : Nainital Bank Limited |
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Bank Address : |
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Bank A/c. No.: 60011 CA |
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Account Since : 4 Years |
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In case of any affiliations / memberships / certifications : |
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Name : -- |
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Type : -- |
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Expiry Date : -- |
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Trade References
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Segall Lab India Private Limited, Gurgaon
·
Divya Farmacy, Haridwar
AS PER WEBSITE
Profile
With in-depth knowledge of traditional medicines,
herbs and oils, their applications areas and with the technical competence that
is required to manufacture these oils and herbs subject enjoy an imperious
market presence as manufacturer and exporter of herbal products like Aroma
Therapy Oil, Absolute Natural Fragrances, Attars, Spices Oil, Floral Wax,
Natural Honey etc.
Worldwide demand for herbal products has been growing at a rate of 10% to 15%
per annum. Corresponding to the need gaps and requirement of herbal industry
they are driven by a vision to offer high quality products. They aim to
continually enhance the production facility in order to provide consistency in
quality and delivery system.
Headed by Mr. Rajiv Singhal, they have secured our position in the global
marketplace owing to the high quality products. They have well-equipped
production unit and adequately manned laboratories. Where the team of qualified
and specialized experts carry out diverse range of activities pertinent to
quality of products.
The Clientèle
As a renowned organization they have a
strong clientele consisting of customers from across the international
spectrum. They are regular exporters of the products to
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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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1 |
Rs.79.56 |
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Euro |
1 |
Rs.63.65 |
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 |
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 & 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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