MIRA
INFORM REPORT
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Report Date : |
01.07.2011 |
IDENTIFICATION DETAILS
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Name : |
DHARMEX INDIAN HAIR EXPORTS |
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Registered
Office : |
24-16-2/3, Anjali Residency, Gopal Krishna Road, Sajjapuram, Tanuku –
534211, Andhra Pradesh |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Year of
Establishment : |
2009 |
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Capital
Investment / Paid-up Capital : |
Rs.1.000 Million |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
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Manufacture and Exporter of Human Hair. |
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No. of Employees
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40 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (28) |
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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 4000 |
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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 proprietory concern in its field. Its scale of
activities are limited. However, trade relations are reported as fair. Business
is active. Payments are reported to be usually correct and as per
commitments. The concern can be considered for small business dealings at usual
trade terms and conditions. |
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. Giridhar Panja |
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Designation : |
Marketing Manager |
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Contact No.: |
91-9989933077 |
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Date : |
29.06.2011 |
LOCATIONS
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Registered Office/ Factory : |
24-16-2/3, Anjali Residency, Gopal |
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Tel. No.: |
91-8819-225319/ 225379/ 222379 |
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Mobile No.: |
91-9989933077 (Mr. Giridhar Panja) |
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Fax No.: |
91-8819-225379 |
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E-Mail : |
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Area : |
1200 sq. ft |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. P.D. Shekhar |
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Designation : |
Proprietor |
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Date of Birth/Age : |
63 Years |
KEY EXECUTIVES
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Name : |
Mr. Giridhar Panja |
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Designation : |
Marketing Manager |
BUSINESS DETAILS
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Line of Business : |
Manufacture and Exporter of Human Hair. |
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Products : |
¨
Remy Bulk Hair (Single and Double Drawn) ¨
Machine Weft Hair ¨
Hand Tied Weft Hair ¨
Pre-Bonded Hair ¨
Keratin tips or Pre-Bonded Stands ¨
Human Hair Extension. |
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Exports : |
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Products : |
Human Hair |
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Countries : |
· USA · European Countries |
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Terms : |
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Selling : |
L/C, Cash and Credit (30 Days) |
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Purchasing : |
Cash and Credit (30 Days) |
GENERAL INFORMATION
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Customers : |
Wholesaler, Retailers and End Users |
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No. of Employees : |
40 (Approximately) |
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Bankers : |
¨
Bank of ¨
ICICI Bank, Branch Tanuka, |
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Banking
Relations : |
-- |
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Auditors : |
Not Applicable |
CAPITAL STRUCTURE
(AS ON 31.03.2011)
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Capital Investment : |
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Owned : |
Rs.1.000 Million |
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Borrowed : |
-- |
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Total : |
Rs.1.000 Million |
FINANCIAL DATA
[all figures are in
Rupees Millions]
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Particulars |
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31.03.2011 |
31.03.2010 |
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Sales Turnover |
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5.000 |
3.500 |
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The above information has been parted by Mr. Giridhar P.
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
LOCAL AGENCY FURTHER INFORMATION
NIL
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.72 |
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1 |
Rs.71.95 |
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Euro |
1 |
Rs.64.79 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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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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