MIRA
INFORM REPORT
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Report Date : |
13.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
RAJARAM G PATIL SEEDS COMPANY |
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Registered Office : |
Shop No. 7, Sahakar
Bhavan, Shivaji Road, Post Box No. 445, Nashik – 422 002, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1972 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Trader and Distributor and Seeds, Fertilizers Pesticides, Insecticides
for the below mention company |
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 : |
USD 12300 |
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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 distributor of agrochemicals
and seeds. Proprietor of the concern
is reported as experienced, respectable and resourceful businessman. His trade relations are fair. Payments are usually correct and as per
commitments. |
INFORMATION PARTED
BY
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Name : |
Mr. Yuvraj Patil |
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Designation : |
Manager |
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Contact No.: |
91-9822840000 |
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Date : |
13.12.2008 |
LOCATIONS
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Registered Office : |
Shop No. 7, Sahakar
Bhavan, Shivaji Road, Post Box No. 445, Nashik – 422 002, Maharashtra |
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Tel. No.: |
91-253-2574730 |
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Mobile No.: |
91-9850440000 |
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Fax No.: |
91-253-2581581 |
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E-Mail : |
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Area : |
2000 Sq, ft |
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Location : |
Owned |
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Branches : |
1.
Krushi Utpanna Bazar
Samiti, Camp Road, Malegaon, District Nashik, Maharashtra. 2.
Old Agra Road, Pimpalgaon
(B), Taluka Niphad, District Nashik, Maharashtra. 3.
“Shram Safalya”, Padtani
Market, Maldad Road, Sangamner, District Ahmednagar, Maharashtra. 4.
Shop No. 13,14, Krushi
Utpanna Bazaar Samiti, Market Yard, Nilvandi Road, Dindori, District Nashik,
Maharashtra. 5.
Somnath Park, Peth Road,
Panchawati, Nashik 422 003, Maharashtra 6.
4, Muncipal Shoping
Centre, At Post Taluka Satana,
District Nashik, Maharashtra. 7.
Daga Complex, Kotamgaon
Road, Lasalgaon, Taluka Niphad, District Nashik, Maharashtra. 8.
Aniket Appartment, Shop
No. 2, Near S.T. Stand, Narayangaon, Taluka Junnar, District Pune,
Maharashtra. 9.
Shop No. 13, Shetkari
Nivas, Madhyavarti Bhavan, Market Yard, Gultekadi, Pune 411 037, Maharashtra. 10. Market Yard Shopping Centre, Opp. Mahalaxmi Talkies,
Dindori Road, Panchavati, Nashik 422 003, Maharashtra |
SOLE PROPRIETOR/
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Name : |
Mr. Yuvraj Vijay Patil |
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Designation : |
Proprietor |
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Address : |
Shop No. 7, Sahakar
Bhavan, Shivaji Road, Post Box No. 445, Nashik – 422 002, Maharashtra |
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Date of Birth/Age : |
55 Years |
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Qualification : |
B A |
BUSINESS DETAILS
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Line of Business : |
Trader and Distributor and Seeds, Fertilizers Pesticides, Insecticides
for the below mention company |
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Agencies Held : |
ã
BASF India Limited,
Mumbai, Maharashtra, Monsento ã
Indofil Chemicals Company 514-156, Sterling Centre, Opp. Aurora Tower, M.G.Road, Camp, Pune –
411 001, Maharashtra, ã
Syngenta India Limited,
Maharashtra, ã
De Nocil Crop Protection
Limited, 202, Ekbote Complex, 1170, Shivaji Nagar, Pune 411 005, Maharashtra, ã
E.I.Dupont ã
Mico ã
Namdhari, Pune ã
Aspee |
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Exports : |
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Countries : |
UK |
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Imports : |
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Countries : |
France |
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Terms : |
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Selling : |
Cash and Credit (30 to 60 days) |
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Purchasing : |
Cash and Credit (30 to 60 days) |
GENERAL
INFORMATION
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Customers : |
Wholesalers, Retailers, Government Institutions, Farmers,
Cooperative Societies And Sugar Factories |
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No. of Employees : |
90 |
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Bankers : |
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Facilities : |
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Banking
Relations : |
Good |
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Auditors : |
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Name : |
Mr. Joshi Chartered Accountant |
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Address : |
Nashik, Maharashtra |
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Memberships : |
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Associates/Subsidiaries : |
Goodstocks Company, Warehousing company Roots Horentine Burtis
Private Limited Address - Shop No. 7, Sahakar Bhavan, Shivaji Road, Post Box No. 445, Nashik – 422
002, Maharashtra Clearing and Forwarding
Agent |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.460 Million |
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Borrowed : |
-- |
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Total : |
Rs. 2.460 Million |
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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90.000 |
Expected Sales (2008-09) : Rs. 90.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
It is in trade terms with :
ã
Indofil Chemicals Company,
514-156, Sterling Centre, Opp. Aurora Tower, M.G.Road, Camp, Pune – 411 001,
Maharashtra
ã
De Nocil Crop Protection
Limited, 202, Ekbote Complex, 1170, Shivaji Nagar, Pune 411 005, Maharashtra,
ã
Clause International, 1,
Avenue Lucien Clause, 91221 Bretigny – Sur – Orge Cedex, France
ã
Ashoka Farm, Nashik
ã
Bhujbal Farm, (Chhagan
Bhujbal Farm), Nashik
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 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.48.71 |
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UK Pound |
1 |
Rs.72.85 |
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Euro |
1 |
Rs.64.70 |
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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