MIRA INFORM REPORT
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Report Date : |
22.04.2011 |
IDENTIFICATION DETAILS
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Name : |
UNIVERSAL FLAVOUR AND FRAGRANCES |
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Registered Office : |
D – 65, Sector – 2, Noida – 201301, Uttar Pradesh |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Year of Establishment : |
2005 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Flavour, Fragrances and Perfumes. |
RATING & COMMENTS
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MIRA’s Rating : |
B (26) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 2000 |
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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 small proprietory concern in its field. Its scale of activities
are limited. However trade relations are fair. Business is active. Payments
are reported to be slow. The concern can be considered for small business dealings with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY (GENERAL DETAILS)
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Name : |
Mr. Puneet Goyal |
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Designation : |
Sales Executive |
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Contact No.: |
91-9958796940 |
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Date : |
14.04.20111 |
LOCATIONS
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Registered Office / Factory : |
D – 65, Sector – 2, Noida – 201301, |
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Tel. No.: |
91-120-4545153 |
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Mobile No.: |
91-9958796940 (Mr. Puneet Goyal) |
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Fax No.: |
91-120-4542074 |
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E-Mail : |
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Website : |
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Area : |
1800sq.fts |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Rajeev Arya |
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Designation : |
Proprietor (Chief Executive Officer) |
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Address : |
C/72B, Rajat Vihar,Sector-62A, Noida, Uttar Pradesh |
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Date of Birth/Age : |
40 Years |
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Qualification : |
Under Graduate |
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BUSINESS DETAILS
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Line of Business : |
Manufacturer of Flavour, Fragrances and Perfumes. |
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Products : |
Bakery Flavour: Used in Breads, Muffins, Cookies, Cakes,
biscuits, etc.
Beverage Flavour: Used in Water, Alcohol,
Non-Alcohol, Soft Drinks, Tea, etc. Dairy Flavour: Used in Milk, Cheese, Ice Cream,
Whey, etc.
Savory Flavour: Used in Sauces, Sea Food, Snacks,
Soups, Vegetarian Food, Meat, etc. Tobacco Flavour: Used in Pipes, Hookahs,
Cigarettes, Cigars, etc.
Oral Care Flavour: Used in Toothpaste,
Mouthwash, Lip Balm, etc.
Pharmaceutical Flavour: Used in Syrup, Tablet,
Powder, etc.
Confectionery Flavour Fragrance: Perfume Fragrance, Rose, Khus, Sandal,
Kewra, Anjeer, etc. |
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Terms : |
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Selling : |
Cash and Credit (30 days, 60 days, 90 days) |
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Purchasing : |
Cash and Credit (30 days, 60 days, 90 days) |
PRODUCTION STATUS
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Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
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Flavour, Fragrances and Perfumes |
Tonnes |
-- |
-- |
6 |
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GENERAL INFORMATION
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Customers : |
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No. of Employees : |
12 (Approximately ) |
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Bankers : |
v
HDFC Bank, Sector – 18, Noida v
ICICI Bank, Sector – 18, Noida |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Ambuj Associates Chartered Accountant |
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Address : |
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Associates/Subsidiaries : |
v
Krishna
Fragrance Private Limited Address :A-65, Sector-2,
Noida, E-mail : info@uffindia.com Activity: Manufacturer of
Flavour, Fragrances and Perfumes. |
NOTE :
As confirmed by Mr. Puneet Kumar Goyal (Sales Executive) Krishna
Enterprises has been taken over by Krishna Fragrances Private Limited and
Krishna Enterprises as no more Exit.
CAPITAL STRUCTURE
As on : 31.03.2010
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Capital Investment : |
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Owned : |
Rs.0.500 Million (estimated) |
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Borrowed : |
-- |
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Total : |
Rs.0.500 Million (estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2010 |
31.03.2009 |
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Sales Turnover (Approximately) |
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1.400 |
1.200 |
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Expected Sales (2010-2011) : Rs. 6.000 millions
Note :
Earlier Mr. Rajeev Arya Provided turnover of
2007-08 was 55.000 millions This time Mr. Puneet Goyal has Confirmed that
55.000 Millions was the turnover of group company.
LOCAL AGENCY FURTHER INFORMATION
TRADE REFERENCES:
- CR Products
- Soliofie Chennai
- Ashish Enterprises
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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. 44.30 |
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1 |
Rs. 72.92 |
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Euro |
1 |
Rs. 64.69 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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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 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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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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26 |
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 |
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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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.