MIRA
INFORM REPORT
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Report Date : |
29.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
ARVIND
KUMAR AND COMPANY |
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Registered Office : |
H-22,
Sector- 63 (Gautam Budh Nagar), Noida – 110024, Uttar Pradesh, India |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1991 |
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Legal Form : |
Sole
Proprietory Concern |
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Line of Business : |
Manufacturer,
Trader, Exporter and Dealer of Readymade Garments. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD10000 |
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Status : |
Satisfactory |
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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.
Proprietor is reported as experienced and respectable businessmen. Trade
relations are reported as fair. Business is active. Payments are usually
correct and as per commitments. The
concern can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
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Registered Office/ Factory 1 : |
H-22,
Sector- 63 (Gautam Budh Nagar), Noida – 110024, Uttar Pradesh, India |
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Tel. No.: |
91-120-2400215
/ 16 / 17 |
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Mobile No.: |
91-9810062677 |
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Fax No.: |
91-120-2400333 |
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E-Mail : |
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Area : |
1800
Sq. meters |
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Location : |
Owned |
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Factory
2 : |
Shadhwara
Street, Farukhabad, Uttar Pradesh |
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Area : |
3000
Sq. meters |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr
Neeraj Kumar |
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Designation : |
Proprietor |
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Address : |
Noida |
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Date of Birth/Age : |
39
years |
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Qualification : |
Graduate |
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Experience : |
15
years |
KEY EXECUTIVES
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Name
: |
Mr
Neeraj Sadh |
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Designation
: |
Key
Executive |
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Mobile
No : |
91-9818345595 |
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Name
: |
Mr
Pankaj Sadh |
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Designation
: |
Key
Executive (Director) |
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Mobile
No : |
91-9818345595 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer,
Trader, Exporter and Dealer of Readymade Garments. |
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Products : |
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Exports to : |
Subject
Exports Scarves, Rumals and Garments to Europe (France, Germany, Italy and
others) |
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Terms : |
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Selling : |
L/C,
Cash, Credit : 30 days |
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Purchasing : |
Cash,
Credit : 30 days, at Sight |
GENERAL
INFORMATION
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Customers : |
Manufacturers,
Wholesalers, Retailers and End Users |
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No. of Employees : |
35 |
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Bankers : |
State
Bank of India, Farukhabad, Uttar Pradesh |
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Facilities : |
Credit
Limit : Rs 15.000 Millions from State Bank of India, Farukhabad, Uttar
Pradesh |
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Banking Relations : |
Satisfactory |
CAPITAL STRUCTURE
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Capital
Investment : |
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Owned : |
Rs
2.500 Millions |
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Borrowed : |
NA |
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Total : |
Rs
2.500 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
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Particulars |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
80.000 |
75.000 |
70.000 |
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Profit/Loss for the year |
6.700 |
6.200 |
5.900 |
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Export Value |
100% |
100% |
100% |
KEY
RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
31.03.2004 |
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PAT / Total Income |
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8.37
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8.26 |
8.42 |
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Net
Profit Margin(PBT/Sales) |
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8.37
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8.26 |
8.42 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References
- Mavimode, Italy
- Shahmoden, Frankfurt
(Germany)
History
Arvind Kumar and Sons
is one of the pioneering exporter of Shawls, Scarves, Pareos, Bandana and
Readymade Garments. Established in 1972, the company has grown by leaps and
bounds owing to its commitment towards excellence. We have made our mark in the
quality conscious markets of India as well as nations across the world.
Company endeavors to
maintain the quality and uniqueness of our products, keeping our prices optimal
and deliver it on schedule. We provide our clients with the best quality
products. Products and equipments meet the international standards duly
inspected by evaluating team. Company sources only the best quality products
and our procurement team consists of highly skilled professionals who supervise
the procurement process and ensure that our customers get the high quality
products.
Company's USP lies in
the thorough knowledge of operating, as well as emerging markets and an
unmatched transnational reach enabling buyers and sellers to identify markets
and products at the right time, right place and at the right price. Being a
registered members of APCE, ISEP, CTEPC and SRTPC, Company exports the products
to USA and various European countries.
After several years of
development, we have become a big company. By means of advanced technology,
company has established a modern management system. Following the principle of
“Customer first, Reputation first”, we always place emphasis on quality, price,
delivery time and service. In order to develop novel products and be ahead of
other competitors, company has formed a Research and Development Department in
which we have professional experts taking charge for new innovations in the
products.
For the company, the
years that lie ahead are years of opportunity and with the customers old and
new company wishes to bring into the market increasingly better products and to
the widest of customer bases. Company strive to make such improvements in the
design, materials and techniques, utilizes as well as provide an after-sales
service that customers will always remember. We look forward to forming new
partnerships.
Product Range
Company tailors
products, on the basis of customer's drawings or specifications. Company’s
motto is to deliver products in accordance with the quality order as well as
maintain competitive prices.
- Shawls
- Scarves
- Pareos
- Bandana
- Readymade Garments
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
|
Currency |
Unit
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Indian Rupees |
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US
Dollar |
1 |
Rs.44.24 |
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UK
Pound |
1 |
Rs.86.71 |
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Euro |
1 |
Rs.57.13 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
7 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
7 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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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50 |
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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