MIRA
INFORM REPORT
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Report Date : |
05.05.2011 |
IDENTIFICATION DETAILS
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Name : |
RUCHEE IMPEX |
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Registered
Office : |
795-D, Ratiya Marg, Street No. 1C, Sangam Vihar, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Year of
Establishment : |
1997 |
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Legal Form : |
Sole Proprietory Concern. |
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Line of Business
: |
Trading of Lining and Interlining Products. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba ( 45 ) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 40000 |
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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 a well established Proprietory Concern having satisfactory
track. Proprietor is reported to be an experienced and respectable
businessman. Trade relations are fair. Business is active. Payments are
reported to be usually correct. The concern can be considered good for normal 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
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
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
|
Name : |
Mr. alok Kumar |
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Designation : |
Marketing Manager |
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Contact No.: |
91-9899845477 |
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Date : |
03.05.2011 |
LOCATIONS
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Registered Office : |
795-D, Ratiya Marg, Street No. 1C, Sangam Vihar, New Delhi – 110062,
India |
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Tel. No.: |
91-120-4258518 |
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Mobile No.: |
91-9810122596/ 9310122596 (Mr. Harish Roy) 91-9899845477 (Mr. Alok Kumar) |
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Fax No.: |
91-120-2552832 |
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E-Mail : |
rucheeimpex@sify.com |
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Area : |
800 sq. ft. |
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Location : |
Owned |
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Factory : |
B-5, Sector – 10, Noida, |
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Area : |
125 Sq. Mtrs. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Harish Roy |
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Designation : |
Proprietor |
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Address : |
795-D, Ratiya Marg, Street No. 1C, Sangam Vihar, New Delhi – 110062,
India |
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Date of Birth/Age : |
49 years |
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Qualification : |
Graduated |
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Experience : |
20 years |
KEY EXECUTIVES
|
Name : |
Mr. alok Kumar |
|
Designation : |
Marketing Manager |
BUSINESS DETAILS
|
Line of Business : |
Trading of Lining and Interlining Products. |
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|
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Products : |
·
Fabric and Fabric Pads ·
Polyfil (Wadding) ·
Bra Pad ·
Foam Pad ·
Fused and Non-Fused Paper Foam, Foam ·
Leather and Cotton Garment ·
Non-Woven Basic Interlining (Black,
Dyed and Printed) ·
Non-Woven Fusible Interlining ·
Non-Woven Imported Basics and Fusible
·
Woven Fusible Interlining- Tricot
Fusing and Stretchable Fusing ·
Woven, Non-Woven Microdot Fusible
Interlining, Chemical Bond ·
Thermo Bond Polyfil ·
Needle Punch Fabric, Felt Fabric
Shoulder Pads ·
Shirt Fusing (Eatacol- Imported and
Indian). |
GENERAL INFORMATION
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Customers : |
Manufacturer |
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No. of Employees : |
20 (Approximately) |
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Bankers : |
·
Dena Bank New Delhi, India |
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Banking
Relations : |
-- |
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Auditors : |
Not Divulged |
CAPITAL STRUCTURE
As On : 31.03.2011
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Capital Investment : |
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Owned : |
Rs. 10.000 millions (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs. 10.000 millions (Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sales Turnover |
110.000 |
100.000 |
80.000 |
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Expected Sales (2011-2012) : Rs.115.000 millions
The above information has been parted by Mr. Alok Kumar.
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or Registry
Records.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.59 |
|
|
1 |
Rs.73.42 |
|
Euro |
1 |
Rs.66.04 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
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 |
no |
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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 |
|
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |