MIRA
INFORM REPORT
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Report Date : |
31.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
A R MARKETING AGENCIES |
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Registered Office : |
No.34, (Old No. 15), Errabalu Chetty Street, 2nd Floor, Chennai –
600001, Tamil Nadu |
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Country : |
India |
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Financials : |
31.03.2007 |
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Date of Incorporation : |
2005 |
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Legal Form : |
Partnership concern with an unlimited liability of the Partners |
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Line of Business : |
Manufacturer, Exporter, Importer, Trader and supplier of Fire and
Industrial safety Equipments. |
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 : |
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. Trade relations are fair. Business is active. Payments are reported as
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 : |
No. 34, (Old No. 15), Errabalu Chetty Street, 2nd Floor, Chennai - 600001, Tamil Nadu, India |
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Tel. No.: |
91-44-42051636/32986188 |
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Mobile No.: |
91-9444162344 |
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Fax No.: |
91-44-25242522 |
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E-Mail : |
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PARTNER
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Name : |
Mr. H. Azeea |
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Designation : |
Partner |
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Name : |
Ms. Radha |
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Designation : |
Partner |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter, Importer, Trader and supplier of Fire and
Industrial safety Equipments. |
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Products : |
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Exports : |
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Products : |
Safety items |
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Countries : |
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Imports : |
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Products : |
Safety items |
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Countries : |
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GENERAL
INFORMATION
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No. of Employees : |
20 |
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Bankers : |
State Bank of India Parry corner Branch Chennai 600001 |
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 |
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31.03.2007 |
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Sales Turnover |
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10.000 |
LOCAL AGENCY
FURTHER INFORMATION
Profile :
The firm is a distinguished manufacturer, exporter, importer, trader and
supplier of high quality fire and industrial safety equipments. Industrial
safety equipments are used to reduce the risk of injury, loss and danger to
persons in any facility or place involving the manufacturing, producing and
processing of goods or merchandise and in travel. Their line of products
include Helmets, Face Shield, Ear/Eye Protection Equipments, Respiratory Masks,
Hand Gloves, Chemical Suits, Fall Arrestors, Road Safety Items, etc.
Incorporated in the year 2005, the concern has earned immense success in
the market owing to its reliability, integrity and complete understanding of
market dynamics. The concern is committed to deliver the best, thus leaving no
space for customer grievances. They are promoted and managed by a group of
professionals having versatile knowledge of the discipline. Subject regularly
supplies its products to many eminent business entities such as L & T,
Apollo Hospitals, Lucas TVS, to name a few. Subject is also the distributor and
wholesaler of many items.
Products:-
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Helmets:- HDPE
Helmet-mines cotton inner fittings, Helmet Napestrap-Officer with PVC inner
fittings, Ladies-Load Carrying Helmets with cotton inner fittings, Executive
Helmet with PVC adjustable band and ratchet fittings, Fireman Fibre Glass
Helmets
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Face Protection:- Face Shield
clear 9” X 9” , Face Shield covering chin & head, Welding Head Shield,
Asbestos/PVC/Cotton Hood
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Ear Protection:- Ear Plug-3M
1110, Ear Muff with steel head band, Ear Muff with plastic head band, Bubble
Face Shield fitted with PVC micro mask
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Eye Protection:- Punk
Clear/Coloured Goggles(innovision/zoom), Spectacle with side jail clear/colour,
Melter Goggles (Gandhi type with blue cobalt glass), Flipup/Welder Goggles,
etc. Polycarbonate Goggles with/without ventilation antiscratch polycarbonate
clear goggle With UV protection also available in Udyogi, MSA, 3 M, etc.
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Disposable
Wear:-
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Caps: Nurse cap, round cap, shower cap, surgeon cap, frill cap, chef
cap, net cap, doctor cap, etc.
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Shoe Covers: Poly, PVC welded, cotton cloth, non-woven disposable with
elastic and easy to wear
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Apron/Disposable Wear: Polythene
apron, paper non-woven apron, non-woven lab coat, gowns, etc.
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Napkins: Paper/absorber/ non wollen napkins/aprons for hotel restaurant
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Respiratory Mask:- Face Mask, Cotton Strip Mask, White/Green
Mask with Cannister, Air Breathing Apparatus, Venus, Artificial Respirators,
Spark/Flame Arrestors, First Aid Kit, Safety Torches, Smoke & Fume
Exhauster cum Air Blower
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Hand Gloves:- Surgical Hand
Gloves, Cotton Gloves, Canvas, Leather Canvas Gloves, Rubber Gloves, Asbestos,
Knitted Hand Gloves, Nylon Gloves, PU Latex Dip Quoted Gloves, Aluminium ,
Reflective, Fire Restardant Gloves, Electrical Hand Gloves, Polka Dotted Hand
Gloves, etc.
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Protective
Clothing Dangri, Aprons, Uniforms:- Dangri cotton overall made from blue
drill/denium cloth with two way zip or button, All types of Uniforms for
industries/hospitals/hotels/corporates, etc., Security Uniforms with all
badge/belt, cap, rule, civil pant shirt, reflective jackets, etc. Rexin Rubber
Apron, Arm Sleeve and Leg Guard
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Chemical Suits:- PVC yellow suit
complete with hood, Life Jacket & lifebuoy, Overall boilers suit/asbestos,
Fire Suit Aluminized Fire Proximity Suit, etc.
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Fall Arrestors:- Safety Belt ISI
marked, Full body Harness, Pole Belt, Leather Tool Belt, Full Body Harness
& Lanyard, etc.
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Safety Shoes:- Light weight
safety shoes with En345 certification, Executive Leather Safety Shoes Light
Weight Steel Toe PU Acid Oil & Alkali Resistant Sole, PVC Gumboots, PT
shoes, Nurse white PVC shoes, etc.
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Safety Nets &
Rope Ladder:- Safety Net, Aluminium/Wooden Step, Garware PP Rope, Manila Rope, Cori
Rope, Wire Rope, etc.
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Emergency Eye-Wash
Fountain & Safety Showers:- Hand/Foot operated Eye Wash & Full Body
Safety Shower made of all Galvanized Pipes, ABS Plastic of Shower, Stainless
Steel Eye Wash & Safety Shower.
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Road Safety Items:- PVC traffic
cons, Reflective vest, PVC shoe covers for traffic police, Gimboots for road
workers, Barricading Stop caution, Search light, Red fiuorescent tape, Spring
post, Emergency lamp, Halogen lights and other Road safety items.
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Other Industrial
Safety Items:- Wind Socks, Fire Proximity Shoes, BA Set, Packing Tapes, Electrical
Rubber Mats, etc.
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Safety Stickers:- Posters,
Stickers, Safety Table Stand, PVC Sticker, Safety Pamphlets with Cartoons,
Stickers for Education of workers in Tamil/English, Fire Exit Board, Emergency
Escape routes, etc.
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Fire Fighting
Equipments:- Fire Extinguishers Spares, Fire Hose Boxes, Fire Hose Reel Drums,
Fire Hydrate Valves, Fire Shoe Coupling, Hydrant Valve Blank Caps, Coupling
Lugs, Spanker Nozzles, Dry Chemical Powder, Foam Refills, RRL Rubber Hoses,
Fire Buckets and Stands, Fireman Helmets, Fire Stickers and Protection Signs,
Emergency Lamps, Fire Exit Lights/Boards, Emergency Escape Signs, etc.
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.39.39 |
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UK Pound |
1 |
Rs.78.40 |
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Euro |
1 |
Rs.58.73 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
NO |
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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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45 |
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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