MIRA
INFORM REPORT
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Report Date : |
30.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
ARJUN AGRO INDUSTRIES |
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Registered Office : |
Gut # 76, Near Bombay High-way, Sharnapur, Aurangabad-
431001, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2003 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturers and Exporters of Stevia, Essential
Oils, Cultivation of Aromatic Herbs, Purification of Aromatic Oils, Liquid
Soap, Phenyl Blended With Essential Oil, Aromatic Candles, Aromatic Diffuser
and Aromatic Aggarbattis |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Maximum Credit Limit : |
USD 16000 |
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Status : |
Small Concern |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established concern having satisfactory track. Trade relations
are fair. Scale of operation is small. Payments are usually correct and as
per commitments. The concern can be considered for small business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
Gut # 76, Near Bombay High-way, Sharnapur, Aurangabad-
431001, Maharashtra, India |
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Tel. No.: |
91-240-2100396 |
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Mobile No.: |
91-98607 31707 |
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Fax No.: |
91-240-2370979 |
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E-Mail : |
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Website : |
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Area : |
10,000 sq. ft. |
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Factory : |
Plot No. 6, Sangeeta Colony, Near Nandanvan Colony, Aurangabad |
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Tel. No.: |
91-240-2370979 |
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Area : |
800 sq. ft. |
SOLE PROPRIETOR
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Name : |
Mr. Pankaj Borkar |
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Designation : |
Proprietor |
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Date of Birth/Age : |
33 Years |
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Qualification : |
Graduate |
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Experience : |
4 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Exporters of Stevia,
Essential Oils, Cultivation of Aromatic Herbs, Purification of Aromatic Oils,
Liquid Soap, Phenyl Blended With Essential Oil, Aromatic Candles, Aromatic
Diffuser and Aromatic Aggarbattis |
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Exports : |
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Countries : |
Canada, France and Philippines |
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Imports : |
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Products : |
Glass Bottoms |
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Countries : |
China |
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Terms : |
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Selling : |
Cash, Credit [30 days] and T/T |
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Purchasing : |
Cash, Credit [30 days] and T/T |
GENERAL
INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
37 |
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Bankers : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Sahid Ahmed and Associates Chartered Accountants |
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Address : |
Aurangabad, Maharashtra, India |
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Associates/Subsidiaries : |
Arjun Herbs
Private Limited Address : Gut # 76, Near Bombay High-way,
Sharnapur, Aurangabad- 431001, Maharashtra, India Line of Business : Manufacturers & Exporters of Stevia, Essential Oils, Cultivation of
Aromatic Herbs, Purification of Aromatic Oils, Liquid Soap, Phenyl Blended
With Essential Oil, Aromatic Candles, Aromatic Diffuser and Aromatic
Aggarbattis |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 4.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 4.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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2.700 |
2.100 |
Expected Sales (2007-08) : Rs.10.000 Millions
LOCAL AGENCY FURTHER
INFORMATION
TRADE REFERENCE
- Subhiksha [60
% Sales]
AS PER WEBSITE
Corporate
Profile
An ISO 9001-2001 certified concern, founded in year 2003.
Concern is into manufacturing of essential oils, cultivation of Aromatic Herbs,
purification of Aromatic oils, to ensure good Quality of end product. The
Concern also manufactures liquid soap, phenyl, blended with essential oils. Now
concern is manufacturing Aromatic
candles, Aromatic Diffuser, Aaromatic Aggarbattis.
The Concern embarked upon the activities after a detailed
researched in the field of aromatic oils. In a matter of 4 years concern has
established itself as one of the leading entities in its arena.
They are manufacturer, exporters and whole suppliers of
aromatic essential oils. Now they have been into cultivation of manufacturing
of "Stevia Powder".
A 100% natural sweetener agent as a antidiabetic food
supplement
They are trading under Arjun Herbs (P) Limited
Infrastructure
They have 30 Acres of cultivation located at 4km from Unit.
They have setup a state-of-the-art Fractional Distillation plant for
purification of Aromatic oils. They have set up Hi-tech laboratory for testing
of Aromatic oils.
Quality
They attribute their success thoroughly to the quality of oils
they offer. There are several measures adopted to maintain the quality of their
products in their manufacturer unit.
The whole process of preparation, carried by workers.
Supervised by on technical experts. Then the finished products undergo another
round of quality testing before they are ready for market.
News
Winner of "GRAMODYOG AWARD 2007" given by Mr.
Rajan Patil (MLA) and Mr. Pritam Athawawle (CEO), Mumbai.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.67 |
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UK Pound |
1 |
Rs.81.78 |
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Euro |
1 |
Rs.58.46 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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37 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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