MIRA
INFORM REPORT
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Report Date : |
26.11.2011 |
IDENTIFICATION DETAILS
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Name : |
GALAXY SPORTS |
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Registered
Office : |
25/21, Shiv Shakti Nagar, Brahm Puri, Meerut-25002, Uttar 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.1.500 millions |
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TIN No.: |
09676508107 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Manufacturer and Trader of Sports Goods and Equipments. |
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No. of
Employees: |
15 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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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 6000 |
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Status : |
Small concern |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new and small proprietory concern in its
field. Its scale of activities are limited. Trade relations are reported as fair.
Business is active. Payments are reported to be slow but correct. The concern can be considered for business dealings with some
cautions. |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
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. Dinesh Kumar Sharma |
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Designation : |
Proprietor |
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Contact No.: |
91-8439805237 |
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Date : |
23.11.2011 |
LOCATIONS
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Registered Office / Factory 1 : |
25/21, Shiv Shakti Nagar, Brahm Puri, Meerut-25002, Uttar Pradesh,
India |
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Tel. No.: |
91-121-6541773 |
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Mobile No.: |
91-8439805237 (Mr. Dinesh Kumar Sharma) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Area : |
2500 Sq.ft. |
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Location : |
Owned |
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Factory 2 : |
402, Sector-3, Madhav Puram, Uttar Pradesh, India |
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Area : |
150 Sq.ft |
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Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Dinesh Kumar Sharma |
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Designation : |
Proprietor |
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Address : |
Shop 4, Shyam Enclave, Delhi Road, Meerut-250002, |
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Date of Birth/Age : |
36 years |
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Qualification : |
M.A. |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Sports Goods and Equipments. |
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Products : |
·
Sports Goods ·
Fitness Equipments ·
Training Equipment ·
Soccer Accessories ·
Ground Marker ·
Sports Equipment ·
Rugby Accessories ·
Track Accessories ·
Dome Maker ·
Harness Belt ·
Filed Accessories ·
Turned Shotput ·
Marking Cone ·
Harness Resistor ·
Agility Training Equipment ·
Plastic Goal Post ·
Nylon Reversible
Pinnies ·
Speed Ring ·
Flat Speed Ring ·
Agility Hurdle ·
Soccer Net with
Interlocked Edge ·
Free Kick Man ·
Agility Ladder ·
Tennis Ball Trolley ·
Polyethylene Soccer Net ·
Slalom Poles |
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Terms : |
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Selling : |
Cash / Credit (30 days) / Advance Payment |
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Purchasing : |
Cash / Credit (30 days) / Advance Payment |
GENERAL INFORMATION
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Suppliers : |
Libery Sports, Jaipur |
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Customers : |
·
National Export and Import House ·
Relysh Estate Private Limited |
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Type of Customers : |
·
Wholesalers ·
Retailers ·
Exporters |
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No. of Employees : |
15 (Approximately) |
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Bankers : |
·
Punjab National Bank, Meerat, Uttar Pradesh,
India ·
HDFC Bank, Delhi Branch |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
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Memberships : |
·
IIA ·
Sports Goods Manufacturing Federation association
(SGMFA) |
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Sister Concern : |
·
National Enterprises Address: Meerut, Uttar Pradesh, India ·
Kuldeep and Company |
CAPITAL STRUCTURE
(AS ON 31.03.2011)
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Capital Investment : |
|
|
Owned : |
Rs.1.500 millions |
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Borrowed : |
-- |
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Total : |
Rs.1.500 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
31.03.2011 |
31.03.2010 |
|
Sales Turnover (approximately) |
|
3.000 |
1.800 |
Expected Sales (2011-2012) : Rs.5.000 millions
Note:
Earlier when we had prepared the report, Mr. Shail Aggarwal, office
Manager had confirmed that the turnover for the year 2009-10 was Rs.6.000
millions. But, now Mr. Dinesh Kumar Sharma, Proprietor has confirmed that the
turnover for the year 2009-10 was Rs.1.800 millions.
The above information has been parted by Mr. Dinesh Kumar Sharma.
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
|
Check List by
Info Agents |
Available in
reports |
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1) Year of
Establishment |
Yes |
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2) Locality of
the Firm |
Yes |
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3) Constitution
of the Firm |
Yes |
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4) Premises
Details |
Yes |
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5) Type of
Business |
Yes |
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6) Line of
Business |
Yes |
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7) Promoter’s
Background |
--------- |
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8) No. of
Employees |
Yes |
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9) Name of
person contacted |
Yes |
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10) Designation
of contact person |
Yes |
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11) Turnover of
firm of last two years |
Yes |
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12)
Profitability for last two years |
Yes |
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13) Reasons for
variations <> 20% |
--------- |
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14) Estimation
for coming financial year |
Yes |
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15) Capital in
the business |
Yes |
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16) Details of
Sister concern |
Yes |
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17) Major
Suppliers |
Yes |
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18) Major
Customers |
Yes |
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19) Payments
terms |
Yes |
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20) Export /
Import details (if applicable) |
--------- |
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21) Market
Information |
--------- |
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22) Litigation
that the firm / promoter involved |
--------- |
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23) Banking
Details |
Yes |
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24) Banking
facility Details |
---------- |
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25) Conduct of
the banking account |
--------- |
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26) Buyer visit
details |
--------- |
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27) Financials,
if provided |
No |
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28)
Incorporation details, if applicable |
---------- |
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29) Last account
field at ROC |
---------- |
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30) Major
Shareholders, if available |
---------- |
NOTE:
The Registered Office of the Company has been shifted from Shop 4, Shyam
Enclave, Delhi Road, Meerut-250002, Uttar Pradesh, India to the present address
in April 2011.Now, this is the residential address of the Proprietor.
TRADE REFERENCES:
·
National Export and Import House
·
Relysh Estate Private Limited
·
Libery Sports, Jaipur
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 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.52.16 |
|
|
1 |
Rs.80.64 |
|
Euro |
1 |
Rs.69.42 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
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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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
2 |
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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 |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
27 |
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 |
|
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 |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.