MIRA
INFORM REPORT
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Report Date : |
02.09.2011 |
IDENTIFICATION DETAILS
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Name : |
JAGDAMBAY TOOLS WORLDWIDE |
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Registered
Office : |
28, Wariyana Industrial Complex, Block 1, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
March 2010 |
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Capital Investment
/ Paid-up Capital : |
Rs.2.500 millions |
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IEC No.: |
3010000928 |
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TIN No.: |
03402075342 |
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PAN No.: [Permanent Account No.] |
AAHFJ1891P |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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Line of Business
: |
Manufacturer, Exporter, Importer and Supplier of Hand Tools, Spanners,
Pliers, etc. |
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No. of Employees
: |
35 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 10000 |
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Status : |
New 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 partnership concern establishing itself gradually.
Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The concern can be considered for small 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
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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 PARTED BY
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Name : |
Mrs. Pooja Ludhra |
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Designation : |
Partner |
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Contact No.: |
91-181-2651635 |
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Date : |
20.08.2011 |
LOCATIONS
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Registered Office/Factory: |
28, Wariyana Industrial Complex, Block 1, |
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Tel. No.: |
91-181-2651635 / 2651735 / 2651935 |
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Fax No.: |
91-181-2651935 / 2259499 |
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E-Mail : |
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Website : |
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Area : |
2948 sq. ft. |
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Location : |
Owned |
PARTNERS
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Name : |
Mrs. Pooja Ludhra |
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Designation : |
Partner |
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Name : |
Ms. Naina Ludhra |
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Designation : |
Partner |
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Name : |
Ms. Veena Ludhra |
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Designation : |
Partner |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter, Importer and Supplier of Hand Tools, Spanners,
Pliers, etc. |
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Products : |
Spanners: Double Open End Jaw Spanners, Double Open End Jaw Spanners Long Pattern, Double Open End Jaw Spanners Long Pattern (Flat Panel), Combination Spanners (Long Pattern), Elliptical Type Combination Spanners (Fully Polished and Satin Finish), Bihexagonal Ring Spanners, Combination Spanners (Raised Panel), Combination Spanners (Recessed Panel) in Carbon Steel and Chrome Vanadium Steel Pliers: Combination Pliers, Combination Pliers (Super Type), Combination Pliers (Taiwan Type), Bend Nose Pliers, Side Cutting Pliers, Side Cutting Pliers (Taiwan Type), Long Nose Pliers, Long Nose Pliers (Taiwan Type), Locking Pliers, Water Pump Pliers (Channel Type), Water Pump Pliers (Slip Joint Type), Water Pump Pliers (Box Joint Type), Wire Strip Pliers, Circlip Pliers, Miniature Pliers, Slip Joint Pliers, Fence Pliers, Tin Cutters, Top Cutter Pliers, Cobbler Pincers, Tower Pincers (Flat Head), Carpenter Pincers Vices: C.I. Bench Vices (Swivel Base), C.I. Bench Vices (Fixed Base), All Steel Bench Vices (Fixed Base), All Steel Bench Vices (Swivel Base), Baby Vices (Slide type Swivel Base), Baby Vices (Pin Type), Hand Vices, Uni-grip Vices, Drill Press Vices (Standard), Milling Machine Vices, Shaper Machine Vices, Wood Working Vices Plumbing Tools: Pipe Vice Self, Chain Pipe Vice, Pipe Cutter, Tube Cutter/Mini Pipe Cutter, Pipe Die Set, Ratchet Pipe Die Set Leather Accessories: Leather Tool Pouch, Multi Purpose Leather Nail Bag, Leather Hammer Holder (Swinging type and Fixed type), Leather Tape Holder, Industrial Gloves, Working Gloves Wrenches: Pipe Wrench Stillson Type, Pipe Wrench Rigid Type, Adjustable Wrench, Chain Pipe Wrench, Basin Wrench Hammers: Ball Pein Hammer, Cross Pein Hammer, Machinist Hammer, Club Hammer, Sledge Hammer, Claw Hammer with Tubular Handle, Lady Claw Hammer, Chipping Hammer with Spring Handle Carpentry Tools: Jack Plane/Jack Plane Corrugated, Block Plane, Hand Drill Machine, Breast Drill Machine, G-Cramps (Heavy Duty), Mini G-Cramps, T-Bar Cramps, Spirit Level Other Tools: Bearing Puller Three Leg/Two Legs, Oil Cans, Grease Gun Lever Type, Silicon Gun English Type, Four Way Wheel Spanner, Angular Wheel Spanners, Two Way Wheel Spanners, Box Spanners, Try Square, Spring Caliper, Engineer's Square, Vernier Caliper, Micro Meter, Hacksaw Frame Fixed with Wooden Handle, Hacksaw Frame tubular with Steel Handle/Plastic Handle, Junior Hacksaw Chrome Plated or Painted, Hacksaw frame tubular with Plastic Handle, Nail Puller with Grip Single Bend/Double Bend, Mason Chisel (Flat & Pointed), Filter Wrench, Bolster Chisel, Mason Peg, Wrecking Bar, Utility Bar, Plugging Chisel, Screw Drivers, Tap Wrench, Round Tap Wrench, Letter & Figure Punch, Centre Punch, Hand Grinder, Gas Spanner, Earth Clamp, Canvas Tool Bags, Anvil, Tyre Lever Chrome, Rotary Pump/Barrel, Wood Wedge, Shoe Maker, Drill Chuck with Key Garden Tools: Square Mouth Shovel with Wooden Handle, Digging and Border Fork, Round Mouth Shovel, Lopping Shear, Garden Rake, Set of 5 Garden Tools, Flower Cutter Die Cutting/Drop Forged/Lady Pruner, Hedge Cutter. |
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Exports : |
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Products : |
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Pliers ·
Hand Tools |
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Countries : |
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US ·
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
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Customers : |
·
Wholesalers ·
Retailers |
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No. of Employees : |
35 Approximately |
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Bankers : |
State Bank of |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mehta and Company Chartered Accountant |
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Address : |
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Parent Concerns: |
Ludhra Engineers |
CAPITAL STRUCTURE
As on 31.03.2011
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Capital Investment : |
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Owned : |
Rs.2.500 millions |
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Borrowed : |
-- |
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Total : |
Rs.2.500 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2011 |
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Sales Turnover (Approximately) |
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15.000 |
The above information has been parted by Mrs. Pooja Ludhra
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.02 |
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1 |
Rs.75.43 |
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Euro |
1 |
Rs.66.70 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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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 |
3 |
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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 |
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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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
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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.