Attachment 1
|
Report
Update On |
12th April, 2003 |
|
|
|
|
Report on |
ANAR INTERNATIONAL |
|
|
|
|
Registered Office |
Sanskrut, Behind Old High Court, Ashram Road, Ahmedabad – 380 009,
Gujarat, INDIA |
|
|
|
|
Tel. No. |
91-79-6581494, 6589982 |
|
Fax No. |
91-79-6589954 |
|
E-Mail |
|
|
Website |
Attachment 2
SUMMARY
|
Incorporated |
1994 |
Status |
Satisfactory |
|
|
|
|
|
|
Registration No. |
|
Chief Executive |
Mr. Ajay N. Choksi |
|
|
|
|
|
|
Capital (Rs.) |
3.000 millions |
Payments |
Slow but Correct |
|
|
|
|
|
|
Sales (Rs.) |
20.000 millions |
Litigation |
Clear |
|
|
|
|
|
|
Net Worth (Rs.) |
|
Banking Reputation |
Satisfactory |
|
|
|
|
|
|
No. of Employees |
3 |
Auditors |
|
|
|
|
|
|
|
Credit Rating |
Ba (See attachment 3) |
||
INDUSTRY
************************
ASSOCIATE’S FACTORY
12, GIDC Industrial Estate, Phase I, Vatva, Ahmedabad – 382 445, Gujarat
Tel. No. 91-79-5830208, 5831658
BRANCH
Nil
HISTORY
Subject was established in the year 1994 at Ahmedabad in Gujarat as a family partnership concern.
Subject was established to look after the export activities of the products manufactured by its associates.
LEGAL FORM
It is a Partnership Concern with an unlimited liability of the partners.
PARTNERS
|
Mr. Ajay N. Choksi |
Managing Partner |
|
Mr. Sanjay N. Choksi |
Partner |
|
Mr. Navinbhai G. Choksi |
Partner |
PARTICULARS OF CHIEF EXECUTIVE
|
Name |
Mr. Ajay N. Choksi |
|
Designation |
Managing Partner |
|
Age |
42 years |
|
Qualification |
M.E. |
|
Experience |
22 years |
|
|
|
|
Name |
Mr. Sanjay N. Choksi |
|
Designation |
Partner |
|
Age |
34 years |
|
Qualification |
B. Com. |
|
Experience |
10 years |
|
|
|
|
Name |
Mr. Navinbhai G. Choksi |
|
Designation |
Partner |
|
Age |
67 years |
|
Qualification |
S.S.C. |
|
Experience |
42 years |
BUSINESS
The concern acts as importer and exporters of Napthols, Bon Acid, Pigments, Dyes, Dye Intermediates, Acid Dyes, Direct Dyes, etc.
The concern importers raw materials from reputed manufacturers in Germany and China against L/C (60 days), D/A and D/P at sight terms. However, due to easy availability of all the raw materials through agents in Mumbai, it rarely imports.
The concern exports its products to USA, Europe and Latin America.
Subject is in trade terms with :
v Tinjan Chemicals, China
Subject operates from caption office premises of area admeasuring 1,200 sq. fts.
The concern employs around 3 persons in its’ office.
ASSOCIATES
v Anar Chemicals Private Limited
It has 2 (two) divisions :
- Anar Chemical Industries
It was established in the year 1979. It is engaged in manufacturing of Napthols, Bon Acid, Pigments, Dyes, Dye Intermediates, etc. It employs around 125 persons in its’ set-up.
Capital : Rs.50.0 to Rs.60.0 millions (approx.)
Turnover : Rs.100.0 millions (approx.)
- Anar Textiles (Textile Division)
It was engaged in exporting of Textiles, but it has discontinued this activity.
Banker : Bank of Baroda, Navrangpura Branch, Ahmedabad – 380 009, Gujarat
BANKERS
v State Bank of India
Overseas Branch, Ashram Road, Ahmedabad – 380 006, Gujarat
[the concern
does not enjoy any facilities from its’ banker !]
FINANCIAL INFORMATION
[figures are in Rupees Millions]
|
PARTICULARS |
31.03.2002 |
31.03.2001 |
31.03.2000 |
|
|
|
|
|
|
Capital Investment |
3.000 |
.000 |
3.000 |
|
|
|
|
|
|
Annual Turnover |
20.000 |
35.000 |
40.000 |
Note : Sole Proprietory and Partnership concerns and exempted from divulging their Balance Sheet and Profit & Loss Account figures and hence could not be available.
FOREIGN EXCHANGE RATES
|
Currency |
Unit |
Indian
Rupees |
|
US Dollar |
1 |
Rs.47.38 |
|
UK Pound |
1 |
Rs.74.45 |
|
Euro |
1 |
Rs.50.94 |
COMMENTS
Subject is a small established traders. Partners are reported as experienced, respectable and having satisfactory means of their own. Their trade relations are reported as fair. Payments are reported as slow but correct.
The concern be considered for your proposed business dealings of US$ 21,000 can be considered against D/A or D/P terms.
Attachment 3
|
SCORE SHEET |
|
SCORE |
CREDIT 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. Maybe drawn to
slightly difficult position as unfavourable conditions arise. Minimal
assurance for timely payment on interest and principal sums |
Moderate |
|
26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively limited or considered
not known. Capability to pay both interest and principal sums is doubtful |
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 |
Attachment 4
ACKNOWLEDGEMENT
Dear Sir/Madam,
As part of our control
system, please fax/email us this note
upon receipt of this report. If we do not receive the acknowledgement within 24
hours, we will assume that our report meets your requirement. If you have any suggestion
to help us improve our reports and services, please do not hesitate to let us
know.
Thank you.
______________________________________________________________________________
To : MIRA INFORM PRIVATE
LIMITED
From :
To :
Feedback – Please tick
the appropriate box.
------------------------------------------------------------
|
|
GOOD |
FAIR |
POOR |
|
|
|
|
|
|
Content |
[
] |
[
] |
[
] |
|
Layout and
Presentation |
[
] |
[
] |
[
] |
|
Speed of Delivery |
[
] |
[
] |
[
] |
|
Overall Impression |
[
] |
[
] |
[
] |
Further Comments/Suggestion :
____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
_____________________________
Company’s Stamp &
Signature