|
Report Date : |
26.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
ORBITTA EXPORTS |
|
|
|
|
Registered
Office : |
9/B, GIDC, Bhaktinagar Udyognagar, Rajkot-360002, |
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|
|
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Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
Year of
Establishment : |
2001 |
|
|
|
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Capital
Investment / Paid-up Capital : |
Rs. 8.700 Millions |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
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|
|
|
Line of Business
: |
Manufacturer and Exporter of Peanuts, Sesame Seeds, Cashew Kernels. |
|
|
|
|
No. of Employees
: |
57 (7 in Office, 39 in Factory, 11 in |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 34000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
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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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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
|
Name : |
Mr. Chintan Kalubhai Pancholi |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9909979810/ 9925199810 |
|
Date : |
25.05.2012 |
LOCATIONS
|
Registered Office : |
9/B, GIDC, Bhaktinagar Udyognagar, Rajkot-360002, |
|
Tel. No.: |
91-281-2362475 |
|
Fax No.: |
91-281-2362384 |
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E-Mail : |
|
|
Website : |
|
|
Area : |
169 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Factory : |
Located at v
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|
|
|
|
Branch : |
Located at v
|
SOLE PROPRIETOR
|
Name : |
Mr. Chintan Kalubhai Pancholi |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
34Years |
|
Qualification : |
MBA Marketing |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Peanuts, Sesame Seeds, Cashew Kernels. |
|
|
|
|
Products : |
v
Cashew Kernels v
Cashew Nuts Shell Liquid v
CNSL Oil v
Peanuts v
Cardonal Oil v
Cashew Nuts v
Cashew Nut Kernels v
Roasted Cashew Nuts v
Ground Nuts v
Bold Grade Groundnuts v
Java Grade Groundnuts v
Raw Shelled Groundnuts v
Sesame Seeds v
Cashew Oil v
Cashew Nut Shell Liquid Oil. |
|
|
|
|
Exports : |
|
|
Products : |
v
Cashew Kernels v
Cashew Nuts Shell Liquid v
CNSL Oil v
Peanuts v
Cardonal Oil v
Cashew Nuts v
Cashew Nut Kernels v
Roasted Cashew Nuts v
Ground Nuts v
Bold Grade Groundnuts v
Java Grade Groundnuts v
Raw Shelled Groundnuts v
Sesame Seeds v
Cashew Oil v
Cashew Nut Shell Liquid Oil. |
|
Countries : |
v
v
v
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|
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Imports : |
|
|
Products : |
Raw Material |
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Countries : |
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|
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Terms : |
|
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Selling : |
L/C |
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|
|
|
Purchasing : |
L/C |
GENERAL INFORMATION
|
Customers : |
End Users v
Baja Trading Company, v
Fine Foods LLC, |
|
|
|
|
No. of Employees : |
57 (7 in Office, 39 in Factory, 11 in |
|
|
|
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Bankers : |
Development Credit Bank Limited, |
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|
|
|
Facilities : |
LC – Rs. 32.200 Millions |
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ramesh Patel and Company Chartered Accountant |
CAPITAL STRUCTURE
AS ON 31.03.2012
|
Capital Investment : |
|
|
Owned : |
Rs. 8.700 Millions (Estimated) |
|
Borrowed : |
-- |
|
Total : |
Rs. 8.700 Millions (Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sales Turnover (Approximately) |
140.000 |
112.700 |
160.000 |
|
|
|
(Due to Less
Sales) |
|
Expected Sales ( 2012 - 13 ) : Rs. 180.000 Millions
The above information has been parted by Mr. Chintan Kalubhai Pancholi
(Proprietor)
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
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. Constitution of the firm |
Yes |
|
4. Premises details |
Yes |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
Yes |
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8. No. of Employees |
Yes |
|
9. Name of person contacted |
Yes |
|
10. Designation of contact person |
Yes |
|
11. Turnover of firm for last two years |
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 |
Yes |
|
16. Details of sister concerns |
No |
|
17. Major suppliers |
No |
|
18. Major customers |
Yes |
|
19. Payments terms |
Yes |
|
20. Export / Import details |
Yes |
|
21. Market information |
-- |
|
22. Litigations that the firm / promoter involved |
-- |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
Yes |
|
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 |
TRADE REFERENCE
v
Baja Trading Company,
v Fine Foods LLC,
AS PER WEBSITE DETAILS
PROFILE
Subject is a Manufacturer and Exporter of Cashew Nuts, Cashew Kernels, CNSL Oil, Cashew Nut
Shell Liquid, Sesame Seeds, Cardonal Oil and Peanuts. They believe in supplying the best quality
of products to their clients. The items are carefully selected and packed with
the best technique.
Subject is a showcase for Manufacturing, Exporting, and Marketing operating in the Western Indian Region. Subject has gained repute and has been in the business for almost Two Generations. The group is managed by dynamic young professionals, with a zeal and commitment to customer satisfaction and a pragmatic approach to marketing. Subject has intimate relations with all its business principals and have carved a niche for themselves by practising business with sound ethics and prudence.
Subject has exceptional relations with the End
Users for Industrial Chemicals, Pharmaceuticals, Paint Raw Material, and
Petrochemicals. With their credentials, experience and resources at their
command, coupled with personal contacts with customers, they hold a prime and
domineering position in the International Markets.
They have alliances with a diverse group of companies in the International
Markets, that are based on mutual understanding of building long-term stable
relationships. With that backbone, they are able to provide quality and
low-cost services to their customers in a market that is expanding globally.
Their success stems from serving their patrons by
delivering quality products, on time. This eliminates the need for their
clients to maintain multiple suppliers making their business both efficient and
effective. They are thus admired because of their ability to provide fast and
reliable service consistently.
Subject owes its success to a well-trained and
dedicated team of professionals having extensive experience. The employees are
given extensive training to update their knowledge base and to keep abreast of
the changing business environment in
The confidence that Subject has in its abilities, the determination to
move ahead in the phase of odds, an optimistic outlook, and a never sagging
urge to improve on its performance, have all played a part in helping the group
achieve the status that it enjoys today.
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. 56.29 |
|
|
1 |
Rs. 88.26 |
|
Euro |
1 |
Rs. 70.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.