MIRA
INFORM REPORT
|
Report Date : |
10.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
KHALIQUE SONS INTERNATIONAL |
|
|
|
|
Registered Office : |
4/25, Bhikampura Street, Farukhabad- 209 625, Uttar Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2008 (Summarized Figures) |
|
|
|
|
Year of Establishment : |
1996 |
|
|
|
|
IEC No.: |
0696001233 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
RTKK02850B |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AADFK6552A |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
|
|
|
|
Line of Business : |
Manufacturers and Exporters of Rugs, Exercise Sheet, Halter and Rope, Saddle Blanket, Bandages and Boots, Ear Cover and Fly Mask, Reflective
Wear, Clothing, Accessories, Bags, Home Furnishing, 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 7500 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well – established concern having satisfactory track. Mr. Meraz Khan parted details after a long-follow-ups. 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. Meraz Ahmed Khan |
|
Designation : |
Partner |
|
Date : |
23.08.2008 |
LOCATIONS
|
Registered Office/ Factory : |
4/25, Bhikampura Street, Farukhabad- 209 625, Uttar Pradesh, India |
|
Tel. No.: |
91-5692-246042 / 248042 |
|
Mobile No.: |
91-9839391139 / 9235416042 / 9415492209 |
|
Fax No.: |
91-5692-246489 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1200 Sq.fts |
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Meraz Ahmed Khan |
|
Designation : |
Partner |
|
Address : |
Kanpur, Uttar Pradesh, India |
|
Date of Birth/Age : |
33 years |
|
Qualification : |
Graduate |
|
Experience : |
12 years |
|
|
|
|
Name : |
Mr. Riaz Ahmed Khan |
|
Designation : |
Partner |
|
Address : |
Kanpur, Uttar Pradesh, India |
|
Date of Birth/Age : |
38 years |
|
Qualification : |
Graduate |
|
Experience : |
15 years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Exporters of Rugs, Exercise Sheet, Halter and Rope, Saddle Blanket, Bandages and Boots, Ear Cover and Fly Mask, Reflective Wear,
Clothing, Accessories, Bags, Home Furnishing, etc |
|
|
|
|
Products : |
· Winter Rugs ·
Turnout Rugs ·
Summer Sheets ·
Saddle Pads and
Blankets ·
Reins ·
Reflective Wears ·
Picnic Rugs ·
Hay Nets ·
Harness ·
Halters and Lead
Ropes ·
Grooming Bags · Girth and Surcingle · Fly Sheets · Fleece Rugs · Ear Cover and Hoods and Vest ·
Dog Rugs ·
Crops ·
Clothing ·
Chaps ·
Bridles and
Headstalls ·
Breastplates ·
Bandages and Boots · Accessories |
|
|
|
|
Exports : |
|
|
Products : |
Saddalary Goods |
|
Countries : |
UK, Germany, France, Italy, USa,
Spain |
|
|
|
|
Imports : |
|
|
Products : |
Equestrain Products |
|
Countries : |
China, Korea, USA, Canada |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit (30 days) |
|
|
|
|
Purchasing : |
Cash, Credit (30 days) |
GENERAL
INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
29 (9 in Office and 20 in Factory ) |
|
|
|
|
Bankers : |
· Punjab National Bank, Farukhabad - 209 625, Uttar Pradesh, India · State Bank of India, Farukhabad - 209 625, Uttar Pradesh, India |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 1.500 millions |
|
Borrowed : |
--- |
|
Total : |
Rs. 1.500 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
Balance sheet
(Summarized
Figures)
|
PARTICULARS |
|
31.03.2008 |
31.03.2007 |
|
|
|
|
|
|
|
|
Partner’s
Capital |
|
1.500 |
1.450 |
|
|
|
|
|
|
|
|
Fixed Assets |
|
2.400 |
2.300 |
|
|
|
|
|
|
|
|
Unsecured loans |
|
0.500 |
0.200 |
|
|
|
|
|
|
|
|
Current Assets |
|
|
|
|
|
|
Inventories |
|
2.815 |
2.790 |
|
|
Cash & Bank Balances |
|
0.146 |
0.187 |
|
|
|
|
|
|
|
Current
Liabilities |
|
|
|
|
|
|
Current Liabilities |
|
4.812 |
4.356 |
|
|
|
|
|
|
|
Miscellaneous
Expenses |
|
0.280 |
0.105 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2008 |
31.03.2007 |
|
Sales Turnover |
|
9.700 |
9.200 |
|
Other Income |
|
0.000 |
0.000 |
|
Total Income |
|
9.700 |
9.200 |
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
0.320 |
0.293 |
|
Provision for Taxation |
|
0.000 |
0.000 |
|
Profit/(Loss) After Tax |
|
0.320 |
0.293 |
|
|
|
|
|
|
Total Expenditure |
|
6.500 |
8.907 |
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
|
3.29 |
3.18 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
3.29 |
3.18 |
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART
|
Parameters |
Detail |
|
Existence Verification |
|
|
Name |
KHALIQUE SONS INTERNATIONAL |
|
Address |
4/25, Bhikampura Street, Farukhabad- 209 625, Uttar Pradesh, India |
|
Phone Numbers |
91-5692-246042 / 248042 |
|
|
91-9839391139 / 9235416042 |
|
Fax Number |
91-5692-246489 |
|
Electricity Bill |
Electricity bill in the name of the company |
|
|
|
|
Statutory Approvals |
|
|
Legal Status of Firm |
Partnership
Firm · Mr. Meraz Ahmed Khan · Mr. Riaz Ahmed |
|
Income Tax Registration |
|
|
Central Sales Tax Registration |
FT-5038017 |
|
State Sales Tax registration |
FT-0124850 |
|
Import Export Code |
696001233 |
|
Name of Bank |
· Punjab National Bank · State Bank of India |
|
RBI Code Number |
AADFK6552A |
|
|
|
|
Creditability Factors |
|
|
India Mart Client Since |
New Member |
|
Years of Establishment |
1996 |
|
|
|
|
Trade Affiliations |
|
|
Export Promotion Council |
Leather Export Promotion Council |
|
|
|
|
Standards and Certifications |
|
|
Quality Management Systems |
Yes, Maintaining Full Quality Control |
|
Safety Certificates |
Yes, Maintaining Full Quality Control |
TRADE REFERENCEs:-
· Koelnmesse Company Limited UK and Spain
· Bilanz
WEBSITE DETAILS:-
Subject are manufacturers, exporters and wholesalers of Rugs, Exercise
Sheet, Halter and Rope, Saddle Blanket,
Bandages and Boots, Ear Cover and Fly
Mask, Reflective Wear, Clothing, Accessories, Bags, Home Furnishing and etc. And their products are very popular in
Europe, USA and Australia, on the basis of top quality at very best prices.
Incepted in the year 1996, subject has carved out a niche for itself in
the textile equestrian products industry. They are a sterling concern engaged
in manufacturing, exporting, importing and supplying finest quality of
equestrian products for horses, riders and other pets.
Their encompassing array of products include Turnout Rugs, Rain Rugs, Stable
Rugs, Fleece Rugs, Combo Fly Sheets, Exercise Sheets, Dog Coats, Bandages,
Halter and Lead, Hood, Saddle and
Saddle Pad. All their products are made from quality raw materials that they
source from national as well as international raw material suppliers.
They process these raw materials at their production unit with the help of
their state-of-the-art infrastructure that comprises of modern machinery and
efficient work staff. Their concern favors Good Manufacturing Practices (GMP)
combined with ethical work practices.
This has helped them to widen their horizon of operation and have increased
their production capacity to 20,000 pieces per month for rugs and 50,000 to
80,000 pieces for other items. They also make incessant efforts to achieve
total customer satisfaction through their quality products and timely
deliveries at all times.
Spectrum of
Products
· Honeycom Rugs
· Summer Sheets
· New Market Rugs
· Polar Fleece Rugs
· Milton Woolen Rugs
· N.Z Rugs
· Ultra Reflective Rugs
· Combo Rugs
· Neck Rugs
· Travelling Boots
· Grooming Items
· Hey Nets/Hay Bags
· Breeches
· Chaps
· Safety Items
Infrastructure
To manufacture their above mentioned impeccable assortment of products,
they are backed by a state-of-the-art infrastructure fitted with latest
machines that result in increased production. Their modern machinery is
regularly updated to keep it in proper running condition to avoid unnecessary
glitches in the production process. They have separate divisions for raw
materials, cutting, stitching and packing that comprises of the following
machinery:
· High Tech (Japan and China) Machinery
· Heat Cutting Machine
· Eye Letting Machine
· Stitching machine
Efficient Team
To efficiently use their latest machine, they possess a highly
proficient and dedicated workforce. Their personnel comprising of managers,
quality inspectors, technocrats and other backend workers have adequate
industry experience. They keep a tap on the prevailing trends in the industry
and develop products accordingly. Their skills are further polished by their
regular training sessions that keep them abreast with the latest happenings.
Universal Quality
Policy
Maintaining quality standards at all times is their prime concern. To
achieve this target they make enduring efforts at every stage of production. Their
quality inspectors keep a stringent check on the entire process of procuring
raw materials, manufacturing and packing of products. They adhere to all
international quality norms so as to maintain their reputation as a provider of
quality products. Their concern directly buys raw material from trusted vendors
that helps in procuring the best materials. They also test the product on
various parameters like finish, quality, durability and craftsmanship. All
their products are available with polyurethane coating that makes them
resistant to adverse weather conditions and hence enhances their durability.
Ware Housing and
Packaging
After passing through numerous quality checking measures their products
are stocked at their capacious warehouse. It is segregated into different
sections that increases the searchability of products during packing and
dispatching. Their store house can stock voluminous amounts of finished
products till they are delivered to their respective destinations.
They lay maximum emphasis on the packing of their products as per international
standards. Their concern packs the products in sturdy and waterproof material.
They also custom package the products as per the client's requirements.
Wide Distribution
Network
Their concern has strategic alliances with major Carrying and Forwarding
agents to ensure safe delivery of products. With a fleet of trailers in
addition to facility to deliver through shipment services. Their personnel keep
a vigil on the entire process of loading and unloading to prevent any kind of
damage to the consignments.
Wide Customer Base
With an integrated work process and continuous endeavors to offer
complete quality assurance, they have won a large client base across the globe.
The core markets that they serve include the following:
· Germany
· Sweden
· The Netherlands
· Italy
· France
· Finland
· Belgium
· Denmark
· UK
· USA
· Australia
· New Zealand
· S. Africa.
Why Them?
· Industry leading prices
· Finest quality raw materials
· Cutting edge technology
· Stringent quality checks
· Capacious warehouse
· Wide distribution network
· On time delivery
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 records 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 concern 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 concern’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.45.12 |
|
UK Pound |
1 |
Rs.79.60 |
|
Euro |
1 |
Rs.63.83 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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 |
|