1. Summary Information
|
|
|
Country |
|
|
Company Name |
MAHENDRA TRADERS |
Principal Name 1 |
Mr. Prithvi Raj Jain |
|
Status |
Satisfactory |
Principal Name 2 |
-- |
|
|
|
Registration # |
-- |
|
Street Address |
Old No. 46, New
No.3, |
||
|
Established Date |
1980 |
SIC Code |
-- |
|
Telephone# |
91-44-42753346/42752400
/ 45521146 / 25293346 |
Business Style 1 |
Trader |
|
Fax # |
91-44-2753346 |
Business Style 2 |
Importer |
|
Homepage |
Not Available |
Product Name 1 |
-- |
|
# of employees |
10 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Not
Available |
Product Name 3 |
-- |
|
Shareholders |
Not Available |
Banking |
Indian Overseas Bank |
|
Public Limited Corp. |
NO |
Business Period |
32 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (47) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
-- |
Current Liabilities |
-- |
|
Inventories |
-- |
Long-term Liabilities |
-- |
|
Fixed Assets |
-- |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
-- |
|
Invest& other Assets |
-- |
Retained Earnings |
-- |
|
|
|
Net Worth |
-- |
|
Total Assets |
-- |
Total Liab. & Equity |
-- |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
100,000,000 |
Net Profit |
-- |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
|
Report Date : |
16.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
MAHENDRA TRADERS |
|
|
|
|
Registered
Office : |
Old No. 46, New No.3, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Year of
Establishment : |
1980 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Trader, Importer and Supplier of Art board, Art paper, Digital paper,
Coated and uncoated fine paper boards |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietory concern having satisfactory
track. Trade relations are reported to be fair. Business is active. Payment
are reported to be usually correct and as per commitment. The concern can be considered for business dealing 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Dinesh Jain |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9840014844 |
|
Date : |
09.08.2012 |
LOCATIONS
|
Registered Office / Factory (Only Sourcing Activities): |
Old No. 46, New No.3, |
|
Tel. No.: |
91-44-42753346 / 42752400 / 45521146 / 25293346 |
|
Mobile No.: |
91-9840014844 (Mr. Dinesh Jain) |
|
Fax No.: |
91-44-2753346 |
|
E-Mail : |
SOLE PROPRIETOR
|
Name : |
Mr. Prithvi Raj Jain |
|
Designation : |
Proprietor |
KEY EXECUTIVES
|
Name : |
Mr. Dinesh Jain |
|
Designation : |
Chief Executive Officer |
BUSINESS DETAILS
|
Line of Business : |
Trader, Importer and Supplier of Art board, Art paper, Digital paper,
Coated and uncoated fine paper boards |
|
|
|
|
Imports : |
|
|
Products : |
·
Paper |
|
Countries : |
·
·
·
·
|
|
|
|
|
Terms : |
|
|
Selling : |
Credit 30 days |
|
|
|
|
Purchasing : |
L/C / Credit 30 days |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
|
|
|
|
No. of Employees : |
10 (Approximately) |
|
|
|
|
Bankers : |
Indian Overseas Bank, Sowcarpet, Chennai – 600079, |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
100.000 |
The above information has been parted by Mr. Dinesh Jain.
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
One year |
Yes |
|
12] |
Profitability for last
three years |
No |
|
13] |
Reasons for variation
<> 20% |
---- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if
applicable) |
Yes |
|
21] |
Market information |
---- |
|
22] |
Litigations that the firm
/ promoter involved in |
---- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
---- |
|
26] |
Buyer visit details |
---- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
No |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
PROFILE
This is a proprietorship firm started in the year 1980 by
Mr. Prithviraj Jain. They are importers of paper. They import paper from
As you know Broadway / Sowcarpet is the
Given below is a short description of the companies they deal with:
1. Sappi Paper
Sappi Alfeld
GmbH
1 Muhlenmasch
31061 Alfeld
(Leine),
Sappi is a global company focused on providing chemical cellulose, paper-pulp and paper based solutions to its direct and indirect customer base across more than 100 countries. The chemical cellulose products are used worldwide by converters to create viscose fiber for clothing and textiles, acetate tow, pharmaceutical products as well as a wide range of consumer products. Their market leading range of paper products includes coated fine papers used by printers, publishers and corporate end users in the production of books, brochures, magazines, catalogues, direct mail and many other print applications, casting release papers used by suppliers to the fashion, textiles, automobile and household industries and newsprint, uncoated graphic and business papers and premium quality packaging papers and tissue products in the Southern Africa region.
· 14,900 employees worldwide
· Paper production capacity of 6 million tons a year
· World's largest manufacturer of chemical cellulose with production capacity of 800,000 tons a year increasing to 1.3 million tons in 2013
· Sales in over 100 countries
· Manufacturing operations on four continents
· Paper pulp production of 3.4 million tons a year
The two main products of this company they import are Sappi Galerie Art and Magno
Paper. The Sappi Galerie Art range is your canvas, helping you elevate your print into an art form. Sappi Magno is the world's favorite coated fine paper, trusted by all printers for over 2 decades.
2.
Changbei
Phone: 0086-791-3951820
Fax - 0086-791
-395 1953
Jiangxi Cheming Paper Company Ltd, with a total investment
of US$ 487 million, has a paper making line with an annual capacity of 350,000
tons of paper. The technology and equipments of the company are state of the
arts. The paper machines are imported from the Finnish company, Metso. The
designed operating speed of the paper machines if 2000mlm with a paper width of
7800mm. The core products of the company are LWC and light paper, which have a
top market share in
3. Moorim Paper Company Limited
Moorim Paper Company Limited operates in the Paper mills sector. MOORIM PAPER COMPANY LIMIETD is a Korea-based company engaged in the manufacture of paper products. The Company produces uncoated papers, which are used for books, note books and diaries; coated papers, which are used for books, magazines, catalogues, brochures, calendars, text books, shopping bags and labels on beverages containers, and board papers, which are used for printing materials, such as catalogues, brochures, calendars and books for children. The Company also produces light-weight coated (LWC) papers for various prints, as well as raw materials.
4. NTC International
1002, Sinsong
Bldg, 25-4,
Yeoido-Dong,
Yeongdeungpo-Gu,
NTC is a paper merchant in
5. Pt. April Fine Paper
Jalan M.T Haryono No.31, lndonesia Medan Sumatera Utara 23550 lndonesia
Phone - 62 - 61 - 696551 56
6. PT PlNDO
DELI PULP & PAPER MILLS
Address: JI. Prof. Dr. Ir. H. Soetami 88 Teluk Jambe, Karawang Jawa-Barat
Ph. 0267-402553
Fax. 0267-405250
Head Office:
Plaza Bll Menara II, 17th floor
JI. M.H. Thamrin No. 51
Tel: (62-21) 392-9266-69
Fax: (62-21) 392-9460-61
Contact: Mr. Teguh Ganda Wijaya, President Director
Mr. Rudy Wirianata, Vice President Director
7. KORINDO
Mr. Ridhwan Latif
Address:
lndonesia
ZipIPostal : 12780
Telephone: 62-21 -797-5959
Fax: 62-2 1-797-6 145
8. APRIL C
PT RAJA GARUDA MAS GROUP (RGM GROUP)
P.T. Riau Andalan Pulp
Tel: 62-0761 -491 -506, Fax: 95-456
E-mail: rudi-safari@april.co.sg
Contact: Mr. Rudi Safari Arifin, Coordinator Corp. Comm.
P.T. Riau Andalan Kertas
Jalan Teluk Betung No. 31-32
Tel: +62 21 3193 0134
Fax: =+62 21 392 3539
9. Mitsubishi
Paper Mills Limited
2-10-14 Ryogoku, Sumida-Ku,
(MPM) is one of the leading Japanese manufacturers of
coated papers, communication papers, photo-sensitive materials and pulp. As a
fully integrated business with five production facilities and three research
centers in
These are some of the main companies that the firm imports from. They have their own godowns in Chennai where they store their merchandise. They bill in bulk to printers and publishers immediately. Their orders are based on their client's requirements and hence there is not much storage time for the goods that they order.
Mr. Madan la1 Jain of Madan lmpex is a relative and a family member of Mr. Prithviraj jain and all the members of the family being in the paper business makes it easy for them for intra trading among their relatives and friend;:
A medium sized, reputed trader. There is no way to assess the financial strength of the firm. They claim that the office is their own and that they have their own godown in Sowcarpet Area. Caution advised in all financial dealings with them. Goods may be supplied against advances or documents drawn through bank. They claim that they do not have any loan outstanding with any bank and all their dealings are against cash.
A very reputed, well known, cash rich, old time importer
and trader backed by relatives and family members who are all in the Paper
importing business.
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.55.64 |
|
|
1 |
Rs.87.31 |
|
Euro |
1 |
Rs.68.81 |
INFORMATION DETAILS
|
Report Prepared
by : |
NID |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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.