|
Report Date : |
09.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
PARTHI EXPORTS |
|
|
|
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Registered
Office : |
No-4, Indra Nagar, Velachery, Chennai-600040, Tamilnadu |
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|
|
|
Country : |
India |
|
|
|
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Year of Establishment
: |
2011 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
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TIN No.: |
33502284797 (CST 976661) |
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|
|
|
Legal Form : |
Sole Proprietory Concern |
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|
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Line of Business
: |
Manufacturer, Supplier and Exporter of Coir Products |
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|
|
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Company |
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|
|
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
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Comments : |
Subject is a new proprietory concern and yet to commence its business
activities. 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 (GENERAL DETAILS)
|
Name : |
Mr. Parthiban |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9578037377 |
|
Date : |
24.02.2012 |
LOCATIONS
|
Registered Office : |
No-4, Indra Nagar, Velachery, Chennai-600040, Tamilnadu, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9578037377 (Mr. Parthiban) |
|
Fax No.: |
Not Available |
|
E-Mail : |
SOLE PROPRIETOR
|
Name : |
Mr. Parthiban |
|
Designation : |
Proprietor |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Supplier and Exporter of Coir Products |
|
|
|
|
Products : |
·
Coir Pith ·
Coir Block ·
Coco Coir Peat ·
Coir Fibre ·
Coir Rope ·
Coir Fibre Mat |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
|
|
|
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No. of Employees : |
Not Available |
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|
|
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Bankers : |
Axis Bank, Pollachi |
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|
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Banking
Relations : |
-- |
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|
|
|
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. Parthiban.
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
LOCAL AGENCY FURTHER INFORMATION
Profile
This is a
proprietorship firm started in 2011 by Mr. Parthiban. Now Mr. Parthiban is basically
from Pollachi and has good contacts the agro industry. They are engaged in the
manufacture, supply and exports of Coir products such as coir pith, coir block,
coco coir, coir peat, coir fiber, coir rope etc. The products are sourced at
Pollachi and manufacture takes place there. The merchandise is then shipped to
Chennai for further shipment to other countries. He is also supplying locally.
As far as exports are concerned he has received some inquiries now. He has not
even executed his first order. He is optimistic about 2012 and hopes to do
well. He uses the IE code of his relative for shipments now. His bankers are
Axis Bank, Pollachi. There is no question of any turnover as even the first
year of operations are not over.
If this inquiry is
from Trade India please note the following:
1.
Trade India promised that if he takes a package for
Rs.30000 they will provide good leads for his business. He became a member one
and half months before. Till date he has not got even one enquiry thru Trade
India. He wants to know why?
2.
There is no proper guidance as to how he can get
orders thru the Trade India website. He would like someone to give him some
advice on this.
3.
He is totally disappointed by Trade India and would
like some help immediately.
A new firm yet to
start operations.
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. 50.02 |
|
|
1 |
Rs. 79.31 |
|
Euro |
1 |
Rs. 66.02 |
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.