MIRA INFORM
REPORT
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Report
Date : |
03.05.2007 |
IDENTIFICATION DETAILS
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Name : |
MACRO AGENCIES |
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Registered
Office : |
38 – A2, Doddankundi Industrial Area, Whitefield, |
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Country
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Financials
(as on) : |
31.03.2006 |
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Date
of Incorporation : |
24.11.1988 |
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IEC
No. |
0789001951 |
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Legal
Form : |
Sole Proprietory Concern |
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Line
of Business : |
Distributors
and Importers of Computerised Embroidery Machine, Garment and Textile
Machines, Industrial Sewing Machines, Label Printing Machines and Laser
Cutting Machines. |
RATING & COMMENTS
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MIRA’s
Rating : |
Ba |
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 : |
USD 20000 |
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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 concern having
satisfactory track. Trade relations are fair. Payments are usually correct
and as per commitments. Financial position is satisfactory. The concern can be considered good for any normal business
dealings at usual trade terms and conditions. |
LOCATIONS
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Registered
Office : |
38 – A2, Doddankundi Industrial Area, Whitefield, |
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Tel.
No.: |
91-80-41524101/41524102 |
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Fax
No.: |
91-80-41524103 |
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E-Mail
: |
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Website
: |
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Area : |
1500 Sq. ft |
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Branches
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Located
at :-
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SOLE PROPRIETOR
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Name : |
Mr. V.
Nagarajan |
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Designation
: |
Sole
Proprietor |
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Address
: |
No. 842,
5th Cross, 10th |
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Date
of Birth/Age : |
46 Years |
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Qualification
: |
M.A. DBA |
BUSINESS DETAILS
|
Line
of Business : |
Distributors
and Importers of Computerised Embroidery Machine, Garment and Textile
Machines, Industrial Sewing Machines, Label Printing Machine and Laser
Cutting Machines. |
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Products
: |
SWF
Computerised EMB Machinery |
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Brand
Names : |
“Kwong
HOP”, “BROTHER”
“PROEL”. |
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Agencies
Held : |
v
SWF Agency – v
Kwong HOP – Label – v Porel Laser Cutting Machinery – v Sunstar Industrial Sewing Machine
– |
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Imports
from : |
Hong Kong and Laser Cutting Machinery from |
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Terms
: |
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Purchasing : |
L/C, Cash or Credit (180 days) terms |
GENERAL INFORMATION
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No. of
Employees : |
45 |
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Bankers
: |
v
ING Vysya Bank Limited, M. G. Road Branch, v
Canara Bank , Indira Nagar Branch, v Karur Vysya Bank Limited, |
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Facilities : |
ING Vysya Bank Limited - The concern enjoys credit limits
(180 days) from it’s bankers Canara Bank - The concern enjoys credit limits (180 days)
from it’s bankers |
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Banking Relations : |
Satisfactory |
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Auditors
: |
Rajgopal
& Company Chartered
Accountants |
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Address:
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The
Palace Compound, Vasanthnagar, |
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Tel.
No.: |
91-80-26720810 |
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Associates/Subsidiaries
: |
Tajima
Design Punching Centre Private Limited No. 482,
2nd Line of Business – Design Production |
CAPITAL STRUCTURE
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Capital
Investment : |
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Owned : |
Rs. 5.000 Millions |
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Borrowed : |
- |
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Total : |
Rs. 5.000 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 |
130.000 |
145.000 |
100.000 |
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Profit/Loss
for the year |
NA |
NA |
1.000 |
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Import
Value |
100.000 |
100.000 |
80.000 |
LOCAL AGENCY FURTHER
INFORMATION
As per website Details:
Overview
MACRO AGENCIES,
- Pioneers in the Embroidery field
industrial Sewing Machines, Knitting, Printing & Finishing Machineries
Representing Overseas Manufacturers from
- Established in
the year 1987 at
- Is acting as a
Technical Consultant Agent in
computerized
embroidery machine Manufacturers.
- Is having more
than 300 Factories. To its credit established in Modern Garments,
Embroidery
and Printing Line throughout
- Is supporting
clients with After Sales and Service through its Branch Office from
Tirupur,
Chennai, Mumbai, Kolkatta M/s. MACRO AGENCIES (P) LTD.
- Is operating a
Technical Service Team which is having qualified Engineers.
It is always the
main target by Macro to Introduce in the market best product of highly standard
Productive machines to its clients.
MACRO
AGENCIES Technical Service Team, (Staff)
Is having qualified
Engineers who have undergone Training abroad to cater the Service needs of
garment Knitwear, Leather, Printing Industries.
In order to meet
International Standard and to face Global Competetion., MACRO and SWF have in
house Training center for the customer for embroidery machine operation machine
maintenance, embroidery design studio to provide Design development and
training of Embroidery Software designs Development-First in
Nagarajan – Director
SR. Nagarajan
Mr. Vinayak
Mr. Muthu Rajalingam
Mr. Sashi Kumar
Mr. Kiran
Mr. Balasubramaniam
Mr. V N Babu
Ms. Vijaya
Ms. Sunita
Mr. Sriman
Mr. Rakesh
Mr. N Arunaehalam
Ms. N Arunaehalam
Mr. Nathan
Ms. Maheswari
Mr. Gangadharaiah
Mr. Charles
CEO Greeting
Is acting as a Technical Consultant Agent in
Macro Technical Service Team is having qualified Engineers who have
undergone Training abroad to cater the Service needs of garment Knitwear,
Leather, Printing Industries.
It is always the main target by Macro to Introduce in the market best
product of highly standard Productive machines to its clients.
New
Product
Super
High Speed
Flat Multi Embroidery Machine
High speed,
High production flat bed machines.
Mase for bulk embroidery.
The range of SWF flat bed machines give you bulk
production at affordable prices
Chenille
Embroidery Machine
High Density (800X600) color graphic monitor
which eye-friendly display.
Plentiful memory space which can store
embroidery for 2,000,000 stitches.
Flat
Type High-Speed Multi-Head
Embroidery Machine
Hyper-minuteness control realization.
Low noise, low oscillation of design technique.
Flat
Type Multi-Head
Embroidery Machine
Confidence and Ideal Price to easy operability.
Refined design an high-tech embroidery
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
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.41.18 |
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|
1 |
Rs.82.02 |
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Euro |
1 |
Rs.56.07 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
|
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 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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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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54 |
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
|
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 |