MIRA
INFORM REPORT
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Report Date : |
10.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
EXIM TRADE LINKS |
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Registered Office : |
Sethna Building, Off No. 01, Ground Floor, 611, Girgaum Road, Opposite
Wadia Agyari, Mumbai-400002, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1983 |
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IEC No.: |
0388205008 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUME02378F |
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PAN No.: [Permanent
Account No.] |
AAAFE1235D |
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Legal Form : |
Partnership Concern with Unlimited Liability of Partners |
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Line of Business : |
Manufacturer and Exporter of Garments, Home Textile |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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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 5000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established merchant exporter. The concern get the
products manufactured on job work basis. 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 : |
Ms. Archana |
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Designation : |
Export Manager |
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Date : |
09.09.2008 |
LOCATIONS
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Registered Office/ Factory : |
Sethna Building, Off No. 01, Ground Floor, 611, Girgaum Road, Opposite
Wadia Agyari, Mumbai-400002, Maharashtra, India |
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Tel. No.: |
91-22-66349387/ 65214189/ 22010371 |
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Fax No.: |
91-22-22063313 |
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E-Mail : |
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Website : |
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Area : |
700 sq. ft ( Owned) |
PARTNERS
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Name : |
Mr. D R Gupta |
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Designation : |
Partner |
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Date of Birth/Age : |
B.Com |
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Name : |
Mrs. Gupta |
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Designation : |
Partner |
KEY EXECUTIVES
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Name : |
Ms. Archana |
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Designation : |
Export Manager |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Garments, Home Textile |
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Products : |
Towels
Textiles
Home Furnishing
Items:
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Exports : |
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Products : |
Garments and Textiles |
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Countries : |
South African Countries |
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Terms : |
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Selling : |
L/C and Cash |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
10 |
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Bankers : |
Union Bank of India, Sanchar Marg, Mumbai |
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Facilities : |
The concern do not enjoy facilities from its bankers |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. Ashok Shah and Company Chartered Accountant |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.000 Million (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs. 1.000 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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80.000 |
Expected Sales (2008-09) : Rs. 250.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance Chart
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Statutory Approvals |
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Legal Status of firm |
Partnership |
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Income Tax Registration |
AAAFE1235D |
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VAT/ TIN Registration |
27440051310V |
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Import Export Code |
0388205008 |
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Name of Bank |
Union Bank of India, Sanchar Marg, Mumbai |
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Current Account Number |
317980101101138 |
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Account Since |
From 4 Years |
AS PER WEBSITE
Profile:
Catering to the market requirements of
quality garments and home furnishing products, Subject offer to the clients an
exclusive range of products that are known for their diversity in designs,
patterns and color options. The range includes terry towel, bed sheets,
jacquard terry towels, table cloths, bath towels, cushion covers, men's shirts,
ladies wear, pareos, kids wear, scarves, duvet covers and many more.
They dedicatedly work towards the motto of delivering products featuring
international trends and in bridging the gap between quality and price. It
helps them to manufacture fabrics that come with the best finish and feel that
meets the tastes of today’s fashion conscious generation. The close association
with the leading global markets ensures that the range of products they offer,
meets the demand of latest fashions and changing trends.
Infrastructure Facilities
The modern infrastructure facilities
comprising of technically advanced range of production machinery equipment enables
them to maintain high quality standards and also helps them meet the production
targets. The services of xperienced designers, craftsmen and allied workforce
allows them to bring in the products an enchanting fusion between modern styles
and traditional looks. Further their expertise at efficiently handling the
involved production processes and the effective use of latest technology
enables them to meet the demands of the global markets.
For simplifying and optimally utilizing the production facilities, they have
divided them in separate departments like treatment of raw material, fabric
cutting and stitching, packaging and other allied functions. It helps them of
producing high quality garments and home furnishing products and offering them
to the clients at market leading prices.
Research and Development Facilities
The well developed research and development
facilities assists them in effectively utilizing fresh ideas as per the
emerging needs of the market in the range of apparel and home furnishing
products. Their in depth industry experience also aids them in bringing further
improvements in the involved production processes, helping them meet the needs
of standard, customized and new product development as per the specific
requirements of the clients.
Packaging
The modern packaging facilities comprising of latest machinery equipment and
services of experienced professionals ensure that the products reach their
destination addresses in factory conditions. For meeting the packaging needs,
they effectively utilize quality materials like polythene bags, corrugated
boxes and other materials that helps them provide flawless packaging to the
products.
Warehousing Facilities
The well maintained and spacious warehousing facilities assist them in
the safely storing the garments and home furnishing products in bulk
quantities. Further the segregation of available space into different sections
also helps them to maintain the inventory levels and in promptly meeting the
order requirements of the clients.
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.44.89 |
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UK Pound |
1 |
Rs.78.86 |
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Euro |
1 |
Rs.63.33 |
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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
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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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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