MIRA
INFORM REPORT
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Report Date : |
13.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
R R
ENTERPRISES |
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Registered Office : |
281/A,
Devkaran Nivas, Ground Floor, Samuel Street, Vadgadi – 400003, Mumbai,
Maharashtra, India |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1990 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMR08023B |
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Legal Form : |
Partnership
concern with an unlimited liability of all the partners. |
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Line of Business : |
Subject
acts as importers and traders of caustic soda flaks, caustic soda prills and
caustic soda lye. |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD60000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject
is a well-established and reputed concern having satisfactory track. Trade
relations are fair. Financial position is satisfactory. Banking relations are
good. The
concern is doing well. It can
be considered good for any normal business dealings at usual trade terms and
conditions. This
report was based on an interview with Mr Rajan Gadhia (91-9820303034) |
LOCATIONS
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Registered Office : |
281/A,
Devkaran Nivas, Ground Floor, Samuel Street, Vadgadi – 400003, Mumbai,
Maharashtra, India |
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Tel. No.: |
91-22-23432409
/ 56313380 / 3414670 |
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Mobile no. |
91-9820303034
(Rajan Gadhia) |
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Fax No.: |
91-22-23439038 |
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Website : |
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Admin Office : |
B/7, 2nd
Floor, Juhu Vimal, Juhu Lane, Andheri(West), Mumbai – 400058, Maharashtra,
India |
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Tel. No.: |
91-22-26212020 |
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Fax No.: |
91-22-26212010 |
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E-Mail: |
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Website : |
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Area : |
600
Sq. ft. |
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Location : |
Owned |
PARTNERS
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Name : |
Mr
Rajan Gadhia |
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Designation : |
Partner |
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Address : |
34
years |
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Date of Birth/Age : |
18
years |
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Name : |
Mr
Anand Gadhia |
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Designation : |
Parner |
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Address : |
33
years |
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Date of Birth/Age : |
17
years |
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Name : |
Mr
Mahesh Gadhia |
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Designation : |
Parner |
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Address : |
34
years |
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Date of Birth/Age : |
17
years |
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Name : |
Mrs
Radhika Gadhia |
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Designation : |
Partner
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BUSINESS DETAILS
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Line of Business : |
Subject
acts as importers and traders of caustic soda flaks, caustic soda prills and
caustic soda lye. |
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Products : |
Product/ Services of the company 1) Chemicals Company deals in High
Quality Chemicals They have charged an impressive
growth chart by constantly providing Quality products that meet stringent
demands of its customers They strive to be the
most innovative and reliable suppliers and will continue to do so in the
future. They look forward to
work with customers on a long-term business relationship through a
transparent and committed interaction. 2) Solvents They deal in High Quality Solvents They have charged an impressive growth chart by constantly
providing Quality products that meet stringent demands of its customers They strive to be the most innovative and reliable
supplier’s and will continue to do so in the future. They look forward to work with customers on a long-term
business relationship through a transparent and committed interaction 3) Bulk Drugs
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Agencies Held : |
The
concern is an authorised agents for:
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Imports from : |
Imports
DMS (Chemicals), Trychloro Extra T. C. E., M. D. C. Formic Acid, Chloroform,
Sodium Nitrite, Sodium Nitrate, Soda Ash from Korea, Europe, China, Russia,
Thailand and U S A against L/C terms. |
GENERAL
INFORMATION
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Customers : |
Retailers
and End Users |
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No. of Employees : |
Subject
employs 8 person Group
employs 35 persons. |
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Bankers : |
Tamilnadu
Mercantile Bank Limited Masjid
Bunder Branch, Mumbai – 40009, Maharashtra, India |
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Facilities : |
The concern
enjoys substantial cash credit and letter of credit facility from the
bankers. |
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Banking Relations : |
Good |
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Sister Concern: |
281/A, Devkaran Nivas, Ground Floor, Samuel Street, Vadgadi – 400003, Mumbai, Maharashtra, India
281/A, Devkaran Nivas, Ground Floor, Samuel Street, Vadgadi – 400003,
Mumbai, Maharashtra, India Business : Acts as manufacturer of
chemicals |
CAPITAL STRUCTURE
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Capital
Investment : |
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Owned : |
Rs
15.000 Millions |
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Borrowed : |
N.A. |
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Total : |
Rs
15.000 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
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Particulars |
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31.03.2006 |
31.03.2005 |
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Sales Turnover |
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1300.000 |
1170.000 |
Expected sales turnover for the year ending
31.03.2007 ---- Rs 1400.000 millions
LOCAL AGENCY
FURTHER INFORMATION
Company Profile
R. R Enterprises is a dealer of Solvents, Chemicals, Speciality
Chemicals etc. Started in 1989, the company is continuously rising on the
growth chart and setting very high quality standards.
Our strict emphasis
on quality service and products is combined with the latest technology to offer
our customers a competitive edge.
Since its
inception, the company has established a reputation for itself as a supplier of
quality products and quality service. We focus on quality and aim to achieve
total customer satisfaction, both in the products we offer and in the service
that follows.
Our highest
priority is on customising our products. We are committed to provide what our
customer wants and we provide quality and consistency at the best value.
Trade Terms
Subject
is in Trade Terms with ICI U K Limited, U K
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.44.61 |
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UK
Pound |
1 |
Rs.86.80 |
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Euro |
1 |
Rs.57.54 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
7 |
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--PROFITABILIRY |
1~10 |
7 |
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--LIQUIDITY |
1~10 |
7 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
7 |
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--CREDIT LINES |
1~10 |
6 |
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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 |
NO |
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--AFFILIATION |
YES/NO |
YES |
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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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60 |
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/normal. |
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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