MIRA
INFORM REPORT
|
Report Date : |
18.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
PEGASUS IMPORTS |
|
|
|
|
Registered Office : |
43, Road No. 9, Nutan Laxmi Society, Juhu Scheme, Mumbai –
400 009, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2004 |
|
|
|
|
Year of Establishment : |
1999 |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business : |
Dealers, Distributors and Importers of Fruit Juices, Canned
Fruits and Vegetables, Energy Drinks, Soya Milk and Flavoured Milk. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
USD 2500 |
|
|
|
|
Status : |
Small and Unknown Concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Unknown |
|
|
|
|
Comments : |
Subject appears to be a small and unknown concern. Management remained non-cooperative despite our several interactions and appraisals. Hence, this report is based on indirect sources of information. No payment are known. Subject is an unknown concern. It can be considered for any business dealings on safe and secured trade terms and conditions. Efforts are continued for more details and if available, it will follow soon. Mr. Kamal and Mr. Girish Bajaj failed to part with any details despite
several follow-ups. |
INFORMATION
DECLINED BY
|
Name : |
Mr. Girish Bajaj |
|
Designation : |
Proprietor |
|
|
|
|
Name : |
Mr. Kamal |
|
|
|
|
Date : |
18.09.2008 |
LOCATIONS
|
Registered Office : |
43, Road No. 9, Nutan Laxmi Society, Juhu Scheme, Mumbai –
400 009, Maharashtra, India |
|
Tel. No.: |
91-22-26705716 /
22913729 |
|
Mobile No.: |
91-9821115189 (Mr. Bajaj) 91-9870534447 (Mr.
Kamal) |
|
Fax No.: |
91-22-26206126 |
|
E-Mail : |
sales@indiafnb.com |
|
Website : |
SOLE PROPRIETOR
|
Name : |
Mr. Girish Bajaj |
|
Designation : |
Proprietor |
BUSINESS DETAILS
|
Line of Business : |
Dealers, Distributors and Importers of Fruit Juices,
Canned Fruits and Vegetables, Energy Drinks, Soya Milk and Flavoured Milk. |
|
|
|
|
Products : |
· Power Gold – Energy Drink · Cappuccino · Milk Coffee · Melon Milk · Strawberry Milk |
|
|
|
|
Agencies Held : |
· Powergold – Japan · Pokka Cappuccino · Pokka Milk Coffee · Melon Milk |
|
|
|
|
Imports : |
|
|
Products : |
Food Items |
|
Countries : |
Japan and Europe. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
L/C, D/A or D/P terms. |
GENERAL
INFORMATION
|
Customers : |
Wholesalers and Retailers. |
|
|
|
|
No. of Employees : |
4 |
|
|
|
|
Bankers : |
Not Divulged |
|
|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 0.500 million |
|
Borrowed : |
--- |
|
Total : |
Rs. 0.500 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
|
31.03.2004 |
|
Sales Turnover |
|
|
5.000 |
LOCAL AGENCY FURTHER
INFORMATION
CONCERN
profile
Strengths and
Infrastructure:
· Managed by professionals with vast experience in marketing, sales, sourcing, logistics, etc.
· A countrywide field sales force, strategically located and well experienced in sale of FMCG and other consumer products.
· Access to countrywide retail and distribution network -through our network of C and F agents and distributors, with access to more than 30,000 retail outlets in India. Committed resources for product positioning, brand building and increasing market penetration.
· A powerful web site and technologically driven processes for online consignment and payment tracking, inventory control and market feedback aggregation is in the process of development for bringing efficiency and transparency in operations.
· They have head office situated in Mumbai which is the financial hub of India, accounting for 82% of the total income tax collection of India. For having a city population of 18 million people with a mix of religions ie; Hindus, Christians, Muslims, Buddhists, Parsis's, Sikh's etc.
· In Mumbai alone concern is directly servicing thru trucks/tempos more than 1700 retail outlets and convenion stores, 700 Restaurants and plus 42 three star/five star hotel chains 52 clubs and discotheques.
· The concern has approximately 428 distributors spread all over India in 24 states from North to South and East to West. It has warehousing facilities spread likewise in Mumbai in the east in the seaport city of Kolkata and additionally in Delhi. Also due to close proximity of the various seaports it has the advantage for shipping consignments directly to the region that they are to be distributed. For eg. if it need the goods in the South India, call for shipments to Chennai Port likewise for Western and Northern India to Mumbai and Kolkata Port for East India.
· It has its own In house Event Management and Advertising Agency for production of advertisements, T.V. commercials and other publicity like press releases, tent card, designing of posters, banners launching of products through events and various promotional themes in association with local India pop stars and music bands who work in close proximity with company.
· Direct Relations with Domestic Airlines and Railways: Therefore drinks can be promoted on Domestic Airlines and Trains, which again are a big volume business.
· Trained Marketing Team: The concern has 14 sales personal to look after the distributor network, besides the sales team individually employed by each of our distributors.
CMT REPORT
(Corruption, Money Laundering and 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 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.34 |
|
UK Pound |
1 |
Rs.82.96 |
|
Euro |
1 |
Rs.65.82 |
SCORE and RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
29 |
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 and 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 and 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 |
|