MIRA
INFORM REPORT
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Report Date : |
06.07.2011 |
IDENTIFICATION DETAILS
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Name : |
KANISHK INTERNATIONAL |
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Registered
Office : |
107/183A, Nehru Nagar, Kanpur-208012, Uttar Pradesh |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Year of
Establishment : |
2005 |
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TIN No.: |
09241702222 |
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Capital
Investment/ Paid-up Capital: |
Rs. 2.500 Millions (Estimated) |
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IEC No.: |
0605014159 |
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PAN No.: [Permanent Account No.] |
AGUPM0423F |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
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Manufacturer, Exporter and Trader of Horse Equestrian Products, Riding
Leather/ Synthetic Western and English Saddles, Complete |
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No. of
Employees: |
40 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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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 10000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established proprietory concern having satisfactory
track. 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 normal for 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. Rajiv Mishra |
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Designation : |
Proprietor |
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Contact No.: |
91-9935036258 |
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Date : |
05.07.2011 |
LOCATIONS
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Registered Office : |
107/183A, Nehru Nagar, Kanpur-208012, |
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Tel. No.: |
91-512-2225152 |
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Mobile No.: |
91-9935036258 (Mr. Rajiv Mishra) |
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Fax No.: |
91-512-2225152 |
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E-Mail : |
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Website : |
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Area : |
1176 sq.ft. (Owned) |
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Factory : |
84/9 B-1, Fazal Ganj, Industrial Area, Kanpur-208012, |
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Area : |
4500 sq.ft. (Rented) |
SOLE PROPRIETOR
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Name : |
Mr. Rajiv Mishra |
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Designation : |
Proprietor |
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Address : |
107/183A, Nehru Nagar, Kanpur-208012, |
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Date of Birth/Age : |
37 Years |
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Qualification : |
Graduate |
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Experience : |
17 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Trader of Horse Equestrian Products, Riding
Leather/ Synthetic Western and English Saddles, Complete |
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Exports : |
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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 : |
J.D. Imports Inc., |
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No. of Employees : |
40 (Approximately) |
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Bankers : |
Union Bank of Account No.: 4308010108093 |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Not Available |
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Memberships : |
Member of Concil for Leather Export, Export Promotion Bureau, Small
Scale Industries. |
CAPITAL STRUCTURE
As on 31.03.2011
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Capital Investment : |
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Owned : |
Rs. 2.500 Millions (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs. 2.500 Millions (Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2011 |
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Sales Turnover (Approximately) |
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20.000 |
The above information has been parted by Mr. Rajiv Mishra (Proprietor).
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
LOCAL AGENCY FURTHER INFORMATION
AS PER WEBSITE
Profile:
Subject was established in the year 2005 in the city of Kanpur ( INDIA )
with is famous and very popular market of HORSE EQUESTRIAN PRODUCTS. Kindly
note that they are a respected and valuable member of Concil for leather
Export , Export promotion bureau, Small scale industries. There are quit a few
manufactures and exporters of these articles.
They have made supplies of such – such items to mostly European and
American Brand companies to their entire satisfaction.
They may add for the information that the company is Equipped with
latest improved machinery which enables them to meet the requirement of
Such-Such items in Big quantities with in a short time.
They shall be happy to be favoured with the valued order. They use all
improve types of Riding Leather / Synthetic Western and English Saddles,
Complete range of Horse and pets clothing.
They can execute the valued order, big once, with in the time as may be
specified by you.
THE EXPERIENCE:
They are serving in this field of horse clothing since the year 1994, as the suppliers
of the basic materials for HORSE EQUESTRIAN PRODUCTS, they have also a very
vast experience of the standardized supplies in this local industry. Which is
very strict in controlling the quality of the products.
With the vast experience of supplies of raw material to the Manufactures and
Exporters. They combined together the two to make KANISHK INTERNATIONAL, The
unit to offer you the quality products.
ASSURANCE: With them you can be sure that because of the own
Procurement Cell in the local market they can deliver and arrange any
quantities of raw material and because of the big manufacturing unit of local
Industries. You can be sure about quality and any quantity you require.
EXPECTION: To at least
receive a reply, better is to get it with a query of catalogue and pricelist,
Best is the query for samples to see the quality.
They give a short introduction so as to save the time and because they
believe that it is better to show it than to talk.
In case , per chance, you make a business tripe to
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.44.50 |
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1 |
Rs.71.25 |
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Euro |
1 |
Rs.64.40 |
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 |
NO |
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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 |
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.