MIRA
INFORM REPORT
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Report Date : |
18.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
MACRO AGENCIES |
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Registered Office : |
38 – A2, Doddankundi
Industrial Area, Whitefield, Main Road, Mahadevpura, Bangalore – 560048,
Karnataka |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
24.11.1988 |
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Com. Reg. No.: |
013111 |
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CIN No.: [Company
Identification No.] |
U52322KA1992PTC013111 |
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IEC No.: |
0789001951 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRM12824A |
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PAN No.: [Permanent
Account No.] |
AACCM6641E |
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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 Machine and Laser Cutting
Machines. |
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 : |
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. |
INFORMATION PARTED
BY
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Name : |
Mr. V. Nagarjun |
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Designation : |
Proprietor |
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Date : |
16.04.2008 |
LOCATIONS
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Registered
Office/Factory : |
38 – A2,
Doddankundi Industrial Area, Whitefield, Main Road, Mahadevpura, Bangalore –
560048, Karnataka, India |
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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 : |
500 Sq. ft |
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Location: |
Owned |
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Branches : |
Located at :-
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SOLE PROPRIETOR
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Name : |
Mr. V. Nagarajan |
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Designation : |
Proprietor |
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Address : |
No. 842, 5th
Cross, 10th Main Road, Indiranagar, 2nd Stage,
Bangalore – 560 008, Karnataka |
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Date of
Birth/Age : |
46 Years |
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Qualification
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M.A. DBA |
BUSINESS DETAILS
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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 : |
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Agencies Held : |
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Imports : |
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Products : |
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Countries : |
Korea Japan,
India, China, Hong Kong and Italy |
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Terms : |
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Selling : |
L/C, Cash and Credit [180 days] |
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Purchasing : |
L/C, Cash and Credit [180 days] |
GENERAL
INFORMATION
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No. of Employees : |
67 |
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Bankers : |
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Facilities : |
Rs. 20.000 Millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Rajgopal and
Company Chartered
Accountants |
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Address : |
The Palace
Compound, Vasanthnagar, Bangalore –
560 052, Karnataka |
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Tel. No.: |
91-80-26720810 |
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Associates/Subsidiaries : |
Address: No. 482,
2nd Main Road, Indira Nagar, Bangalore – 560 008, Karnataka, India
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 |
31.03.2008 |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
50.000 |
40.000 |
130.000 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
- Gokuldas
Export Limited, Bangalore
- Bharat Silk
Limited, Bangalore
- Arvind Mills
Limited, Bangalore
As per website
Details:
Overview
MACRO AGENCIES
Pioneers in the Embroidery field industrial Sewing Machines, Knitting,
Printing & Finishing Machineries
Representing Overseas Manufacturers from Korea, Japan, Hongkong,
Taiwan, Germany & U.S.A.
Established in the year 1987 at Bangalore by C.E.O. V. Nagarajan.
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Is acting as a Technical Consultant Agent in India
representing world famous
computerized
embroidery machine Manufacturers.
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Is having more than 300 Factories. To its credit
established in Modern Garments, Embroidery and Printing
Line throughout India.
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Is supporting clients with After Sales and Service
through its Branch Office from
Tirupur,
Chennai, Mumbai, Kolkatta M/s. MACRO AGENCIES (P) LTD.
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Is operating a Technical Service Team which is having
qualified Engineers.
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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 India.
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 India representing world
famous computerized embroidery machine Manufacturers like M/s. SunStar
Precision Co.,Ltd. Korea(SWF) and label printing machine from M/s. Kwong Hop
Label(H.K.) Ltd. Hongkong. Lazer Cutting Machine M/s Proel CRL Italy, M/s.
Salli International Ultrosoni Hot Fix Setter, M/s. Brother Industries Ltd.,
Japan Industrial Machinery Corporation Etc.
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, 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. 39.96 |
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UK Pound |
1 |
Rs. 78.66 |
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Euro |
1 |
Rs. 63.31 |
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 |
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
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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