MIRA
INFORM REPORT
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Report Date : |
17.10.2011 |
IDENTIFICATION DETAILS
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Name : |
S. JAYAVEL EXIM |
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Registered
Office : |
Old No.50, New No.62, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Year of
establishment : |
During 2002 |
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Capital
Investment / Paid-up Capital : |
About Rs.10.000 Millions |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Trading and Export of Agro Products such as Onions, Dhall etc. |
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No. of Employees
: |
7 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (48) |
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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 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. 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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
LOCATIONS
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Registered Office / Head Office : |
Old No.50, New No.62, |
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Tel. No.: |
91-44-42632339 |
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Fax No.: |
91-44-25984277 |
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E-Mail : |
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Website : |
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Area : |
1700 Sq. Ft. |
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Location : |
Rented |
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Warehouse / Godown : |
Located at Redhills, Chennai |
SOLE PROPRIETOR
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Name : |
Mr. S. Jayavel |
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Designation : |
Proprietor |
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Date of Birth/Age : |
35 Years |
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Qualification : |
B.Com |
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Experience : |
11 Years |
BUSINESS DETAILS
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Line of Business : |
Trading and Export of Agro Products such as Onions, Dhall etc. |
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Products : |
ONION
CHILLIES
MAIZE
GROUNDNUT
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Exports : |
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Countries : |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
Export - L/C |
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Purchasing : |
Import - L/C Local - Cash |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
7 (Approximately) |
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Bankers : |
Bank of |
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Facilities : |
About Rs.20.000 Millions |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mr. Narayan Murthy Chartered Accountant |
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Address : |
Redhills, Chennai – 600 056, |
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Group / Sister Concern : |
S J V Rice Mills, Kancheepuram, |
CAPITAL STRUCTURE
As on 31.03.2011
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Capital Investment : |
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Owned : |
About Rs.10.000 Millions |
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Borrowed : |
-- |
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Total : |
About Rs.10.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2011 |
31.03.2010 |
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Sales Turnover (Approximately) |
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900.000 |
620.000 |
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Net Profit |
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Indicate as
about 10% on Sales Turnover |
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Expected Sales (2011-2012) : Rs.1200.000 Millions
Inventories Level : Rs.15.000 Millions
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
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Check List by Info Agents |
Available in
Report (Yes / No) |
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1) Year of Establishment |
YES |
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2) Locality of the firm |
YES |
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3) Constitutions 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 |
NO |
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10) Designation of contact person |
NO |
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11) Turnover of firm for last three years |
YES |
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12) Profitability for last three years |
NO |
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13) Reasons for variation <> 20% |
NO |
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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 concerns |
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) |
YES |
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21) Market information |
-- |
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22) Litigations that the firm / promoter |
-- |
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23) Banking Details |
YES |
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24) Banking facility details |
YES |
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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 accounts filed at ROC |
-- |
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30) Major Shareholders, if available |
-- |
PROFILE
They at subject have become synonymous with quality
products. The company's efforts are directed towards providing its esteemed
customers with natural products of unmatchable purity.
They use excellent quality raw ingredients
that are thoroughly cleaned and then processed. Their manufacturing process is
subjected to stringent quality checks.
Customer satisfactions are the basis of
subject they have been enjoying long term business relations with their
valuable clients.
They follow all quality constraint while
dealing in products and with clients. Their motive is to accommodate the best
of vegetables and spices products to their global customers at reasonable
prices.
They turn out vegetables and spices from reliable suppliers and export
them to their clients based globally. Their vegetables and spices is widely
recognized and cherished by food lovers worldwide
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.49.07 |
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|
1 |
Rs.77.42 |
|
Euro |
1 |
Rs.67.73 |
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 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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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 |
6 |
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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 |
YES |
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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 |
YES |
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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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48 |
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 |
|
- |
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.