MIRA
INFORM REPORT
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Report Date : |
25.03.2011 |
IDENTIFICATION DETAILS
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Name : |
PARIS CLOTHIERS INC |
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Registered Office : |
Room 1201, 12/F., |
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Country : |
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Date of Incorporation : |
10.02.1972 |
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Com. Reg. No.: |
03464312-000-02 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Manufacturer of all kinds of fashions. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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A2 |
A2 |
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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 |
Company name
PARIS CLOTHIERS
INC
ADDRESS
Room 1201, 12/F.,
PHONE: 2368 1281
FAX: 2721 9294
E-MAIL: diamondimpact@yahoo.com
ibmparis@hkstar.com
MANAGEMENT
Manager: Mrs. Sharmila Ishwar
Mahibubani
SUMMARY
Establishment: 10th
February, 1972
Organization: Sole
Proprietorship.
Capital:
Not
disclosed.
Business Category: Suit Manufacturer.
Employees:
2.
Main Dealing Banker: Indian Overseas Bank, Hong Kong Branch.
Banking Relation: Satisfactory.
ADDRESS
Head Office:-
Room 1201, 12/F.,
Affiliated Companies:-
Diamond Impact Co.,
Panache Clothiers Inc.,
BUSINESS REGISTRATION NUMBER
03464312-000-02
MANAGEMENT
Manager: Mrs. Sharmila Ishwar
Mahibubani
SOLE PROPRIETOR
Name: Mrs. Sharmila Ishwar
MAHIBUBANI
Residential Address: Flat D,
8/F.,
HISTORY
The subject was established on 10th February, 197 as a sole proprietorship
concern owned by Mrs. Sharmila Ishwar Mahibubani under the Hong Kong Business
Registration Regulations.
The subject has changed its registered address for many times. Last time, it was located at Room 1101,
11/F., Humphreys Building, 11 Humphreys Avenue, Tsimshatsui, Kowloon, Hong
Kong, moved to the present address in January 2009.
Apart from these, neither material change nor amendment has been ever
traced and noted.
OPERATIONS
Activities: Manufacturer.
Lines: All
kinds of fashions.
Employees: 2.
Commodities Imported: Europe,
Markets:
Terms/Sales:
COD or as per
contracted.
Terms/Buying: L/C,
T/T, etc.
FINANCIAL INFORMATION
Capital: Not
disclosed.
Profit or Loss: Making a small profit every year.
Condition:
Keeping in a
satisfactory manner.
Facilities:
Making rather
active use of general banking facilities.
Payment:
Met trade
commitments as required.
Commercial Morality: Satisfactory.
Banker: Indian
Overseas Bank, Hong Kong Branch.
Standing:
Small.
GENERAL
Paris Clothiers Inc is a sole proprietorship set up on 10th February,
1972 and owned by Mrs. Sharmila Ishwar Mahibubani who is an Indian
businesswoman. She has been in
The subject has got an affiliated company Panache Clothiers Inc.
[Panache Clothiers] located at the same operating address. The subject and Panache Clothiers are engaged
in the same lines of business, more or less.
The subject and Panache Clothiers are trading in the branded products “La Panache”,
a brand from Dream Panache Inc., the
La Panache purchases fabrics directly from the world’s finest mills such
as Ermenegildo Zegna, Loro Piana, Dormeuil, Vitale Barberis Canonico, Valentino,
Holland & Sherry, Bower & Roebuck, Gianni Versace, Armani, Scabal,
Valentino, Bower & Roebuck, Bruno McKenzie, etc.
The Designer Raj Sahi co-ordinates and directs a team of artisans “n”
craftsmen par excellence, in the epicentre of custom tailoring, under the
leadership of Vanuka Sahi, President of Dream Panache Inc., the United
States. Raj Sahi has the proficiency of
providing elegant designing “n” style for the past years, amassing knowledge
“n” experience in the world of custom fashions.
He has been keeping customers measurements and since the inception of
this business.
Besides Panache Clothiers, the subject has got another affiliated
company Diamond Impact Co. [Diamond Impact] located at the same operating
address. Diamond Impact is also controlled
by Sharmila Ishwar Mahibubani. The
contact person is Mr. Mohan Vaswani who is also an Indian. Diamond Impact is trading in diamonds and
jewellery. Commodities are imported from
The subject had a branch company Paris Commercial Company which was
established on 15th September, 1982, but has been closed down since
20th January, 2001.
The subject offers clients with mail order services. Its clients include Diplomats, Ambassadors,
Doctors, Attorneys, Business Executives, Accountants, Bankers, etc. The subject’s 12,000 fabric swatches ranging
from Scottish Tweeds, Cashmere, English Flannles, Worsted Wool, French
Gabardines and Mohair from Italy, etc.
Its business is just fair. In
recent years, the subject has been doing its diamond business while its garment
manufacturing business has decreased substantially. The history of the subject in
On the whole, consider the subject good for normal business engagements
in small credit amounts.
COURT CASES: None
per our records.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.77 |
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1 |
Rs.72.66 |
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Euro |
1 |
Rs.63.06 |
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 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.