MIRA
INFORM REPORT
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Report Date : |
23.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
TOPPERS TRADING COMPANY |
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Registered Office : |
1200, Sadashiv Peth, Shop No. 1, Sohamshree Building, Limaye Wadi, Pune-411030,
Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1997 |
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IEC No.: |
3106004169 |
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PAN No.: [Permanent
Account No.] |
AAFFT2144E |
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Legal Form : |
Partnership Concern with Unlimited Liability of Partner |
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Line of Business : |
Trader, Exporter and Importer of Skate Helmets, Skate Packages, Speed
Skate Shoes, Skate Bags and Wheel Pouches etc. |
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 : |
USD 100 |
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Status : |
Small Concern |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small concern having steady business. 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
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Name : |
Mr. Rahul Rane |
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Designation : |
Partner |
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Contact No.: |
91-9372450051 |
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Date : |
04.09.2008 |
LOCATIONS
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Registered Office : |
1200, Sadashiv Peth, Shop No. 1, Sohamshree Building, Limaye Wadi,
Pune-411030, Maharashtra, India |
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Tel. No.: |
91-20-24483403 |
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Mobile No.: |
91-9372450051/ 9890002657 |
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Fax No.: |
91-20-24483403 |
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E-Mail : |
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Website : |
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Area : |
225 sq.ft (Rented) |
PARTNERS
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Name : |
Mr. Rahul Rane |
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Designation : |
Partner |
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Date of Birth/Age : |
35 Years |
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Qualification : |
M.Com |
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Name : |
Mr. Shripad Shinde |
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Designation: |
Partner |
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Qualification |
H.SC |
BUSINESS DETAILS
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Line of Business : |
Trader, Exporter and Importer of Skate Helmets, Skate Packages, Speed
Skate Shoes, Skate Bags and Wheel Pouches etc. |
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Products : |
·
Stake Wheels ·
Quad and In Line Outdoor Wheels ·
Quad and In Line Hockey Wheels ·
Skate Packages ·
Speed Skate Shoes ·
Skin Suits ·
Ice Hockey and Roller Hockey ·
Quad and In Line Frame ·
Skate Helmets ·
Swiss Bearings ·
Skate Bags and Wheel Pouches ·
Lazer Accessories |
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Exports : |
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Products : |
Skate Helmets |
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Countries : |
·
Bangladesh ·
Sri Lanka ·
Nepal |
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Imports : |
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Products : |
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Countries : |
·
Italy ·
Australia ·
China |
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Terms : |
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Selling : |
Credit ( 30 days) and T/T |
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Purchasing : |
Cash and T/T |
GENERAL
INFORMATION
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Customers : |
Wholesalers and Retailers |
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No. of Employees : |
2 |
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Bankers : |
HDFC, Laxmi Road, Pune |
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Facilities : |
The concern do not enjoy facility form its bankers |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Prashant and Associates Chartered Accountant |
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Address : |
Pune |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.020 Million (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs. 0.020 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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5.000 |
Expected Sales (2008-09) :
Above Rs. 5.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART
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Parameters |
Details |
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Statutory Approvals |
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Legal Status of Firm |
Partnership |
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Income Tax Registration |
AAFFT2144E |
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Central Sales Tax Registration |
27440340661C |
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State Sales Tax Registration |
27440340661V |
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Import Export Code |
3106004169 |
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Name of Bank |
HDFC |
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Current Account Number |
423 |
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Account Since |
2006 |
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Credibility Factors |
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IndiaMART Client Since |
2005 |
Trade References:
- D.M. B
Private Limited, Belgium
- Leopard
Racing, India
AS PE WEBSITE
Profile
Catering to the market requirements of superior quality skating
equipment, they “Toppers Trading Company,” offer to the clients the expertise
in the field of producing a wide range of ice hockey and road skates with its
associated accessory products. The range offered by them include leader shoes,
nylon frames, rubber wheels, skin suits and many more.
Established at Pune, Maharashtra, India, the company was started by Mr. Rahul
Rane & Mr. Shripad Shinde, who are both national champions for the sport of
roller skates. Their visionary guidance and active support of the team allow
them to successfully cater to the standard and customized designing and
manufacturing requirements of the clients.
Team
They have the services of experienced industry professionals who have
with them extensive experience in the field of manufacturing a wide range of
skating equipment and allied accessory products. Their complete hold over the
involved processes not only allow them to produce the standard range of
products but also help them in meeting the customized and new product designing
and development needs of the clients.
Infrastructure
Facilities
Spread over an area of 600 sq feet, the well developed infrastructure
set-up comprises of advanced technology based machinery equipment, which allow
them to successfully meet the production targets.
Further the services of a committed and professionally trained workforce also
help them provide an appropriate production environment, which enable them to
manufacture high quality skating equipment in both standard and customized
finishes. Some of the machinery equipment which allow them to have a smooth and
flawless production process include CNC machine, casting machine, sewing
machine and many more.
Packaging
The advanced packaging facilities assist them in successfully meeting
the varied packaging requirements of the products. The use of superior quality
material in the process further help them ensure the complete safety of the
packaged products during the period of transit.
Distribution
Facilities
The well balanced distribution network comprising of reputed C & F
agents assist them in further expanding the reach of the products in the global
markets. Further their expertise in conducting on time delivery of consignment
also help them to meet the pre set target delivery deadlines.
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.45.40 |
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UK Pound |
1 |
Rs.83.15 |
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Euro |
1 |
Rs.65.72 |
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 |
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 |
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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