MIRA
INFORM REPORT
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Report Date : |
05.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
ARAVIND TRADERS |
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Registered Office : |
53/43, Railway Feeder Road, Perianaicken Palayam, Coimbatore-641020,
Tamilnadu |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1997 |
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IEC No.: |
3204005488 |
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PAN No.: [Permanent
Account No.] |
AAMPR96746 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Papads, Vadagam, Mini Papads and Mouth Freshners |
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 4000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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 slow but correct. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Ramanathan |
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Designation : |
Proprietor |
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Contact No.: |
91-9894151383 |
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Date : |
01.12.2008 |
LOCATIONS
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Registered Office/ factory : |
53/43, Railway Feeder Road, Perianaicken Palayam, Coimbatore-641020, Tamilnadu,
India |
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Tel. No.: |
91-422-2694055 |
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Mobile No.: |
91-9894151383/ 9422077803/ 9865502161/ 9739976947 |
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E-Mail : |
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Area : |
650 sq.ft (Owned) |
SOLE PROPRIETOR
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Name : |
Mr. Ramanathan |
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Designation : |
Proprietor |
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Date of Birth/Age : |
47 Years |
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Qualification : |
Diploma in Electronics |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Papads, Vadagam, Mini Papads and Mouth Freshners |
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Exports : |
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Products : |
Food Products |
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Countries : |
·
Europe ·
Gulf Countries ·
Singapore ·
Malaysia |
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Terms : |
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Selling : |
L/C and Cash |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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No. of Employees : |
60 (Office 5, Branches 55) |
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Bankers : |
·
Bank of Baroda, Pamnagar ·
ICICI Bank, Perianaicken ·
Canara Bank, Perianaicken. |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. Thiruna Chartered Accountant |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.800 Million (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs. 0.800 Million (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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7.500 |
LOCAL AGENCY
FURTHER INFORMATION
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Additional
Requirement of Indiamart for Trust-Seal |
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VAT / TIN : 33952023280 |
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IEC Code : 3204005488 |
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PAN / TAN : AAMPR96746 |
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Bank Name : Canara Bank |
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Bank Address : Perianaicken |
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Bank A/c. No.: 2444 |
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Account Since : 12 Years |
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Bank Name : Bank of Baroda |
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Bank Address :Ramnagar |
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Bank A/c. No.: 08870200000663 |
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Account Since : More than 8 Years |
Trade References:
·
Bright Industries, Banglore
·
S R Enterprise, Bangalore
AS PER WEBSITE
Profile:
Subject was founded in 1990 by Mr. Sankaran Ramanathan & it is engaged
in manufacture, export & supply of an assortment of Suparis, Pappads &
mouth fresheners. Further, they specialize in custom production of these
products. Located at Coimbatore, India; the company has earned tremendous
experience and expertise in maintaining its traditional products along with
advancing them with innovative features.
The products are globally acknowledged for their purity, hygiene, flavor and
texture. These features have been possible due to the policy of "Strict
No" regarding use of any preservatives, artificial sweetness, chemical
contents or any other intoxicating substances.
In the global arena, they have made a mark for themselves by providing high
class products. They follow stringent quality measures and innovative
techniques along with best machines and tools to produce these products. The
salient features of the products have earned them a huge clientele spread all
around the globe.
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 |
|
US Dollar |
1 |
Rs.49.79 |
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UK Pound |
1 |
Rs.73.38 |
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Euro |
1 |
Rs.63.08 |
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 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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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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46 |
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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