MIRA
INFORM REPORT
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Report Date : |
06.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
SHRI SANMATI UDHYOG |
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Registered Office : |
52, Sitlamata Bhzar, Indore – 452001 Madhya Pradesh. |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1985 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Dental Care Products. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 1000 |
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Status : |
Small Concern |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small concern meeting its smaller commitments
slighting over times as reported. Trade relations are fair. Scale of activity
is limited. The concern can be considered good for small to mediocre business
dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. Ajit Jain |
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Designation : |
Proprietor |
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Date : |
26.08.2008 |
LOCATIONS
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Registered Office : |
52, Sitlamata Bazar, Indore – 452001 Madhya Pradesh, India |
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Tel. No.: |
91-731-2454832 |
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Area : |
300 sq ft |
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Location : |
Rented |
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Factory 1 : |
148 A, S Dector F, Industrial Area, Sanwer Road , Indore – 452001,
Madhya Pradesh, India |
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Tel. No.: |
91-731-2454832 |
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Mob No.: |
91-9425053132 |
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Email : |
SOLE PROPRIETOR
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Name : |
Mr. Ajit Jain |
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Designation : |
Proprietor |
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Date of Birth/Age : |
56 Years |
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Qualification : |
M.Com |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Dental Care Products. |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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Customers : |
Wholesaler |
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No. of Employees : |
11 (Office – 3, Factory - 8) hjhh |
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Bankers : |
Dena Bank, Indore |
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Auditors : |
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Name : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.0.200 Million (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs.0.200 million (Estimated) |
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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2.500 |
Expected Sales (2008-09) : Rs.3.000 Millions
LOCAL AGENCY FURTHER
INFORMATION
Trade reference
·
Charak Aushad Bhandar Sagar, Indore
·
K S Chemist – Agra
·
Monarch Durgs – Nagpur
Trustseal Acceptance
Chart
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Existence Verification |
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Name |
SHRI SANMATI UDHOG |
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Statutory Approvals |
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Legal Status of Firm |
Proprietorship |
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VAT/ TIN Registration |
23440301539 |
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Name of the Bank |
Dena Bank |
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Current Account Number |
204029 |
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Account Since |
20 Years |
Web Details Attached
PROFILE
Subject was established in the year 1982. Strategically located in
Indore, the industrial capital of Madhya Pradesh, they have a flourishing
supply of talented human resource and raw materials. They offer a range of
quality natural herbal tooth powder (dental care powder). With their
reliable and effective product, they have managed to gain a strong client base
that exists in the domestic as well as the international markets. With
unmatched quality of the product and services, they have lived upto the expectations
of a rapidly expanding client base.
Their objective is to promote the application of herbals and natural product in
the daily lives of people. Their dental care product are not only efficacious
but healthy and safe. Their dedicated customer support services include prompt
delivery of the commodities. Their manufacturing and processing is executed in
accordance with international quality standards.
QUALITY
Adequate care is taken to ensure that only best quality product are served
to their esteemed clients. They adhere to the most stringent international
quality norms. All their operations from manufacturing, processing and delivery
is monitored and completed under the strict supervision of experts and
professionals. They ensure all product abide by highest standards of quality.
Their products are manufactured from the most sophisticated machinery and the
latest technology
WHY THEM :
- Modern manufacturing facility with high
tech facilities.
- A team of highly qualified professionals
leading the operations.
- Product in confirmation to highest
quality standards.
- They are equipped with a well-equipped
testing laboratory
- A strong logistical framework with wide
distribution network and reliable vendors.
- A rich experience and expertise
- Highly cost effective
- Prompt responses and less order
processing time.
INFRASTRUCTURE
They possess a strong infrastructure with the latest equipment, machines
and tools. With a well-equipped R and D center, their consistently innovating
new, improved product. Each product is a meticulously researched formulation of
high quality extracts where each ingredient has to undergo a series of
stringent quality tests. all tests are conduced is a sophisticated state of art
laboratory. Right from careful selection of herbs by eminent botanists to their
transportation, storage and preparation of extract until the making of final
product qualified experts render their services.
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.44.37 |
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UK Pound |
1 |
Rs.78.09 |
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Euro |
1 |
Rs.63.41 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
NO |
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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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27 |
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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