|
Report Date : |
08.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL IMPEX |
|
|
|
|
Registered
Office : |
Old No. 43, New No. 87/1, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Year of
Establishment : |
2005 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Trading and Indenting Agent of All Kinds of Pulses, Beans and Food
Additives. |
|
|
|
|
No. of Employees
: |
4 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
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 proprietary concern having a satisfactory
track record. Trade relations are reported as fair. Business is active.
Payment terms are reported as usually correct. The concern can be considered 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
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. Sajid Dilawar |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9884570960 |
|
Date : |
04.07.2013 |
LOCATIONS
|
Registered Office : |
Old No. 43, New No. 87/1, Acharappan Street, 1st Floor,
Chennai-600001, Tamilnadu, India |
|
Tel. No.: |
91-44-42078692 |
|
Mobile No.: |
91-9884570960 [Mr. Sajid Dilawar] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
SOLE PROPRIETOR
|
Name : |
Mr. Sajid Dilawar |
|
Designation : |
Proprietor |
BUSINESS DETAILS
|
Line of Business : |
Trading and Indenting Agent of All Kinds of Pulses, Beans and Food
Additives. |
|
|
|
|
Products : |
·
Pigeon Peas ·
Black Matpe ·
Green Moong Beans ·
Desi Chick Peas ·
Yellow Peas ·
Beans ·
Black Eyed Beans ·
Brown Eyed Beans ·
Cow Peas ·
Star Aniseeds |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
|
|
|
|
No. of Employees : |
4 [Approximately] |
|
|
|
|
Bankers : |
·
ICICI Bank Limited , Chennai-600001, Tamilnadu,
India ·
Standard Chartered Bank, Chennai-600001,
Tamilnadu, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Not Available |
|
|
|
|
Memberships : |
· Cicils IPTIC · Chennai Food Grains Merchant's Association · The Madras Kirana Merchants' Association |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover [Approximately] |
|
|
50.000 |
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
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 |
No |
|
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 |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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:
The firm situated in Chennai is a trading and indenting agent. They are an international broking firm that deals in all kinds of pulses, beans and food additives. The firm is a proprietorship firm headed by Mr. Sajid Dilawar for the past 8 years. Mr. Sajid has wide experience in this line and has been doing International trade for the past one decade. The firm was started 8 years before and from a very small turnover, today they have reached a turnover of about 50.000 Millions a year.
Countries where they
mainly focus include:
· Argentina
· Australia
· Brazil
· Canada
· China
· Ethiopia
· Kenya
· Myanmar
· Mexico
· Sri lanka
· Tanzania
· Turkey
· USA
· Vietnam
The firm has a separate support team to study and follow price movements in the global markets, product trends and conduct significant research on statistical data. This valuable information is shared with the clients in taking prompt and strategic business decisions.
To open new horizons,
by creating long term business relations between their Suppliers and Buyers
through their unmatched Service and First quality Products at highly
competitive prices.
OTHER SERVICES:
Clearing and Forwarding
Global Impex team has
contacts and tie ups with Clearing and Forwarding Agents who handle import
clearance at Chennai Port. Clients are
welcome to contact them for any clearing and forwarding requirement. They will help in selecting a good agent to
handle import cargo clearance at Chennai Port.
This saves the client time in approaching individual department offices
of the customs and other shipping line procedures.
Warehouse
Global Impex support team also has contacts with local cold storage units and local warehouses for storing import goods, in case there is a requirement to store goods in Chennai, can call them and they will guide in selecting right storage facility for the cargo at very competitive price.
The location of the firm in Acharappan Street augurs well for the firm. They are right in the middle of the wholesale market for pulses.
Mr. Sajid said that he is a member of CICILS-IPTIC. The International Pulse Trade and Industries Confederation (CICILS-IPTIC) is head quartered in Dubai and licensed under the Dubai Government authority, Dubai Multi Commodity Centre (DMCC).
It is a global not for profit confederation with membership from 17 national associations (federations) and 680 private sector members in an industry worth over $100 Billion at the retail level and over 60 million tonnes in pulse production and distribution in over 55 countries. The organization represents the common good of all sectors of the global pulse industry value chain from growers and researchers, through input and logistics suppliers, traders, exporters and importers to government bodies, multilateral bodies, processors, canners and consumers. CICILS IPTIC works for transparency and sustainability in all sectors and aspires to contribute in as many ways possible to global food security and improved health and nutrition.
The CICILS Executive Board consists of up to 30 members from all over the world elected from the membership. Board positions are voluntary, non-profit and carry no remuneration.
The organization has a small salaried staff of two employees based in the Dubai office and an Executive Director currently based in Australia. Specialist consultants are contracted for specific projects from time to time.
Mr. Sajid was also was very optimistic about this year as imports of both edible oils and pulses grew significantly in the year 2012-13 (edible oil imports grew by 15.5 percent and pulses by 26.21 percent) and the Indian Government has extended the No import duty policy to pulses for the year ending March 2014.
While imports of edible oils crossed $10 billion in 2012-13 from $9.7 billion, those of pulses were still comparatively less. India imported $2.33 billion of pulses last financial year compared with $1.85 in 2011-12. Analysts blamed the pricing policy of the government in favor of rice and wheat, which do not factor the changing consumption pattern.
Oilseed production dropped almost 8.25 per cent to 29.79 million tonnes in
2011-12 (November-October) because of low kharif harvest on account of uneven
rains.
In 2012-13 too, oilseed production is expected to be only marginally better
than last year also because of poor rains in the main growing regions of
Maharashtra and Gujarat. It is estimated to be around 30.7 million tonnes. Going forward, experts said domestic oilseed
production is falling woefully short of edible oil demand, which would continue
to rise further aggravating supply-demand mismatch in the coming years.
"India every year needs an additional seven to eight lakh tonnes of edible
oils, for which oilseed production has to increase by at least five million
tonnes, unthinkable given that India's domestic oilseeds production has
stagnated at around 28-32 tonnes.
So the import of pulses and oil seeds is expected to rise in the year 2013-2014 and Mr. Sajid is ready to take advantage of the situation.
A small but a firm with significant turnover. Indenting
agents for food grains and pulses. Cash rich as their business does not involve
any capital investment and the climate for import is right and bright.
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 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.60.34 |
|
|
1 |
Rs.90.79 |
|
Euro |
1 |
Rs.77.80 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.