MIRA
INFORM REPORT
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Report Date : |
06.07.2011 |
IDENTIFICATION DETAILS
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Name : |
P.R.P. EXPORTS |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2005 |
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Year of Establishment : |
2003 |
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Capital
Investment/ Paid-up Capital: |
Not Available |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MRIP00915F |
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PAN No.: [Permanent
Account No.] |
AAGFP7083GS |
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Legal Form : |
Sole Proprietory concern |
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Line of Business : |
Exporters of Rough Granites. |
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No. of Employees: |
5 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a proprietory concern having moderate track. The management
denied to disclose any information about the concern. Therefore, the report is
based on old database of our company. Payment terms are unknown. The concern can be considered for business dealings on a secured 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 DECLINED BY
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Name : |
Mr. Chelladaurai |
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Designation : |
Marketing Manager |
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Date : |
05.07.2011 |
LOCATIONS
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Registered Office/ Factory 1 : |
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Tel. No.: |
91 -452- 2420345/ 2420346/ 2420347/ 2420348/ 2420349 |
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Fax No.: |
91-452-2420350/ 2420385 |
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E-Mail : |
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Website : |
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Factory 2 : |
Near |
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Tel. No.: |
91-452 -2428290/ 2428291/ 2428206/ 2428301/ 2428302/ 2428289 |
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Fax No.: |
91-452-2428303 |
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E-Mail : |
SOLE PROPRIETOR
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Name : |
Mr. Palanisamy |
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Designation : |
Proprietor |
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Address : |
279, |
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Tel No. : |
91-452-2535055/2520114 |
KEY EXECUTIVES
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Name : |
Mr. Chelladaurai |
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Designation : |
Marketing Manager |
BUSINESS DETAILS
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Line of Business : |
Exporters of Rough Granites. |
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Exports : |
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Products : |
Rough Granite |
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Countries : |
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GENERAL INFORMATION
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No. of Employees : |
5 (Approximately) |
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Bankers : |
Indian overseas Bank, Melur Branch, |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
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]
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Particulars |
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31.03.2005 |
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Sales Turnover (Approximately) |
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150.000 per
annum |
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Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
LOCAL AGENCY FURTHER INFORMATION
HISTORY
This firm is the export wing of PRP Group of companies. Now exports of rough blocks are being done under this firm. The firm was started in 2003. The firm first started as a partnership firm with Mr. Ramaya and Mr Palanisamy with few others under the name of PRP Granties. Later during 1996 there was a split and now PRP granites is a proprietorship firm with Mr Palanisamy being the owner. Their name has spread far and wide for the quality of Network Raw Silk Granites that they export. They are a 100% export oriented unit and are registered with the MEPZ. (Madras Export processing Zone).
The firm has been certified by the EPCG – Certificate Number - 23/2004/AM'03/EPCG-I for the export of granites.
They have a very good name in
Proceed Granite dressed and polished in assorted dimensions, granite slabs, tiles, monuments and other articles or things.
WEBSITE DETAILS:
PROFILE:
Subject is part of the well established leading master-PRP Group which
is based in
Their wide technical knowledge has been backed by years of experience
which ensures that every piece of granite bears the PRP brand of
excellence. They employ sophisticated technology combined with their
unique technical expertise and skills to allow them to fabricate and deliver
granites to suit specific customer’s requirement.
They can meet any demand of surface finish like Flamed, Flamed and
Brush, Flamed and Honed, Honed, Bush Hammered and Polish surfaces for both
slabs and tiles. Sophisticated machinery combined with latest technology with
skills and technical experience makes Subject Produce dimensional accuracy to
International standards.
As an export house their experience in International and Business
Management are quite astute
Their granites have found wide acceptance in the Global market and is
exported to Europe,
THE PEOPLE:
Subject is headed by Mr. P. Palanichamy, a veteran in the field known
for his extensive knowledge on granites. He is ably assisted and supported by
Mr. P. Senthil Kumar, Mr. P. Suresh Kumar and Mr. K. Murugesan as the
pillars of M/s Subject .
The workforce is highly skilled and combined with the latest advancement
in technology. The size and scope of the business demand, a broad range of
skill sets and they ensure that each person brings extensive and diverse work
experience, and has the expertise to be successful in this dynamic and
challenging world.
They are committed to provide a work environment in which the safety and
health of people is valued above all. They actively encourage personal growth,
and value the contributions and innovation of their people.
As a responsible Corporate Organization they operate in an environmentally
responsible manner and partner with communities to create a better social and
economic future.
AWARDS:
A measure of their excellence is evident from the number of awards that
has been given to M/s. PRP Exports over the years such as:-
Government of
National Award “Outstanding Export Performances” for the year 1998–1999
received from SHRI. ATAL BEHARI VAJPAYEE –THE HON’BLE PRIME MINISTER OF
CAPEXIL Award by the Ministry of Commerce and Industry
Capexil Award “Outstanding Export Performances” for the year 1998-1999
received from THE EXCELLENCY GOVERNOR OF WEST BENGAL.
Capexil Award “Outstanding Export Performances” for the year 2000-2001 received
from SHRI. RAJIV PARATHAP RUDY - THE HON’BLE STATE MINISTER FOR COMMERCE AND
INDUSTRY.
Capexil Award “Outstanding Export Performances” for the year 2002-2003
received from SHRI. ARUN JETLY – THE HON’BLE
Capexil Award “Outstanding Export Performances” for the year 2004-2005
received from SHRI. P.CHIDAMBARAM – THE HON’BLE
FIEO Award
FIEO Award “Outstanding Export Performances” for the year 2000-2001
received from SHRI.BAIRON SINGH SEGHAWATH – THE HON’BLE VICE PRESIDENT OF
INDIA.
Special Export Appreciation Award by the Ministry of Shipping
Indian Chamber of Commerce and Industry Award “Special Export
Appreciation Award” for the period 2001-2002 received from SHRI. SATRUGAN SINHA
– THE HON’BLE UNION MINISTER FOR SHIPPING.
Best Export Award
Indian Chamber of Commerce and Industry Award “Best Export Award” for
the period 2002-2003 received from SHRI. T.R.BAALU - THE HON’BLE
Indian Chamber of Commerce and Industry Award “Best Export Award” for
the period 2003-2004 received from SHRI. E.V.K.S. ELANGOVAN – THE HON’BLE UNION
MINISTER OF STATE FOR COMMERCE and INDUSTRY.
Indian Chamber of Commerce and Industry Award “Best Export Award” for
the period 2003-2004 received from SHRI. E.V.K.S. ELANGOVAN – THE HON’BLE UNION
MINISTER OF STATE FOR COMMERCE and INDUSTRY.
Highest Exporter of Granite Blocks by Ministry of finance
Tuticorin Port Trust Award “Traffic Excellence” for the period 2003-2004
received from SHRI. P.CHIDAMBARAM – THE HON’BLE
Tuticorin Port Trust Award “As Exporters for Highest Volume of Granite
Stone” for the period 2002-2003 received from SHRI. SATRUGAN SINHA – THE
HON’BLE UNION MINISTER FOR SHIPPING.
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.50 |
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|
1 |
Rs.71.25 |
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Euro |
1 |
Rs.64.40 |
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.