|
Report Date : |
07.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
SMAIZ EXPORT AND IMPORT |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Year of Establishment
: |
2011 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
IEC No.: |
0411043218 |
|
|
|
|
Legal Form : |
Partnership concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Manufacturer, Trader and Exporter of Coir Products, Coconut, Organic
Spices, Spirulina, Spice, Prawn, Mango Pulp, Areca Plates, Paper Cups, Paper
Plates, Red Chili, Freshwater and Marine Aquarium Fishes, Flowers, Salt etc |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new partnership concern and yet to established itself
gradually. Payments are unknown. The concern can be considered for business dealings on a safe and secured
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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY (PARTIAL DETAILS)
|
Name : |
Mr. S Manikandan |
|
Designation : |
Partner |
|
Contact No.: |
91-9940348062 |
|
Date : |
12.05.2012 |
LOCATIONS
|
Registered Office / Factory : |
# 2, Mahadevan Street, G.K.M Colony, 22nd Street, Near LOCO
Station, Chennai-600082, Tamilnadu, India |
|
Tel. No.: |
91-40-25508170 |
|
Mobile No.: |
91-9940348062 (Mr. Manikandan) |
|
Fax No.: |
Not Available |
|
E-Mail : |
PARTNERS
|
Name : |
Mr. S Manikandan |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. D M Srinivas |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. S Sridhar |
|
Designation : |
Partner |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Exporter of Coir Products, Coconut, Organic
Spices, Spirulina, Spice, Prawn, Mango Pulp, Areca Plates, Paper Cups, Paper Plates,
Red Chili, Freshwater and Marine Aquarium Fishes, Flowers, Salt etc |
|
|
|
|
Products : |
·
Coir Products ·
Coconut ·
Organic Spices ·
Spirulina ·
Spice ·
Prawn ·
Mango Pulp ·
Areca Plates ·
Paper Cups ·
Paper Plates ·
Red Chili ·
Freshwater and Marine Aquarium Fishes ·
Flowers ·
Salt |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Credit |
GENERAL INFORMATION
|
Customers : |
·
Wholesalers ·
Retailers ·
End Users ·
Others |
|
|
|
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Canara Bank, Periyar Nagar, Chennai, Tamilnadu, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Divulged |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
-- |
FINANCIAL DATA
[all figures are
in Rupees Millions]
New Concern
The above information has been declined by Mr. S Manikandan.
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 Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
No |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
No |
|
8. No. of Employees |
No |
|
9. Name of person contacted |
Yes |
|
10. Designation of contact person |
Yes |
|
11. Turnover of firm for last three years |
No |
|
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 |
No |
|
19. Payments terms |
Yes |
|
20. Export / Import details |
No |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
No |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
No |
|
28. Incorporation details, if applicable |
No |
|
29. Last accounts filed at ROC |
No |
|
30. Major Shareholders, if available |
No |
PROFILE
This is a partnership firm started on
29.12.2011. the partners are
· Mr. S Manikandan
· Mr. D M Srinivas
· Mr. S Sridhar
The firm has been started for the exports of Coir Products, Coconut,
Organic Spices, Spirulina, Spice, Prawn, Mango Pulp, Areca Plates, Paper Cups,
Paper Plates, Red Chili, Freshwater and Marine Aquarium Fishes, Flowers, Salt.
They have their relatives in Villupuram and Puducottai who run coconut farms
and so it is easy for them to obtain coir products and coconut for exports.
They also have good contacts in the US, Malaysia and Singapore for export
orders. They have lined up all these contacts to help them export. They are a
100% export oriented firm and do not propose
to do any local sales. Till now they have received a lot of inquiries from
other countries but no firm orders. They have not executed even a single order
till date. But they have a lot of queries from Malaysia / Singapore / China
which they are sure will be converted to firm orders.
They have obtained the Import Export code number. There is no question
of any turnover as even their first order has not been shipped. They estimate a
turnover of crore INR for the running financial year. Their bankers are Canara
Bank, Periyar Nagar, Chennai. As of now they have not employed any people.
There is no way to assess the financial strength of the firm. Caution
advised in all financial transactions with them. Orders can be places LCs or
documents drawn thru bank.
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. 55.49 |
|
|
1 |
Rs. 85.57 |
|
Euro |
1 |
Rs. 69.30 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
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.