MIRA
INFORM REPORT
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Report Date : |
04.01.2011 |
IDENTIFICATION DETAILS
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Name : |
SUNI EXPORTS |
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Registered
Office : |
AP 288, 8th Sector, |
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Country : |
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Date of
Incorporation : |
25.12.2010 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Manufacturer and Exporter of Weft Hair, Remy Single Drawn, Natural Hair,
Human Hair, Hair Weaving Weft and Human Hair Weaves Body Wave. |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Status : |
New Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new concern and yet to establish track. Payment terms are
not known. The concern can be considered for business dealings on a secured trade
terms and conditions, initially. |
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
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Name : |
Mr. Raj Samurai |
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Designation : |
Business Manager |
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Contact No.: |
91-44-43530507 |
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Date : |
03.01.2011 |
LOCATIONS
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Registered Office : |
AP 288, 8th Sector, |
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Tel. No.: |
91-44-43530507 |
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Mobile No.: |
91-9790985427 (Mrs. R Sunitha) |
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Fax No.: |
91-44-43530507 |
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E-Mail : |
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Website : |
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Factory : |
16/6, Ground Floor, Sector-10, Street No. 64, K K Nagar,
Chennai-600078, |
SOLE PROPRIETOR
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Name : |
Mrs. R Sunitha |
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Designation : |
Proprietor |
KEY EXECUTIVES
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Name : |
Mr. Raj Samurai |
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Designation : |
Business Manager |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Weft Hair, Remy Single Drawn, Natural
Hair, Human Hair, Hair Weaving Weft and Human Hair Weaves Body Wave. |
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Products : |
·
Weft Hair ·
Remy Single Drawn ·
Natural Hair ·
Human Hair ·
Hair Weaving Weft ·
Human Hair Weaves Body Wave |
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Terms : |
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Selling : |
L/C and Credit (30 Days) |
GENERAL INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
2 (Approximately) |
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Bankers : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Not Divulged |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Available |
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Borrowed : |
Not Available |
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Total : |
Not Available |
FINANCIAL DATA
[all figures are in
Rupees Millions]
New Concern
LOCAL AGENCY FURTHER INFORMATION
Profile:
This is a proprietorship firm started on December 25, 2010. The firm is
one week old. The proprietor is one Ms. R Sunitha. The active person looking after
the business is Mr. Raj Samurai. Now, they do not have any experience in the
line of human hair sale or export. They were dealing in industrial products
before and are new to this line. However they are confident that their
experience in the industrial line will help them to do good business hereto.
They have applied for the import export code number and are yet to
receive the same. They do not have a tin number or CST number as they have no
intention of doing local sales not ever the first order has been executed in
the firm.
There is no way to assess the financial strength of the firm. Caution
advised in all financial dealings.
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 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.44.67 |
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|
1 |
Rs.69.45 |
|
Euro |
1 |
Rs.59.37 |
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.