MIRA
INFORM REPORT
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Report Date : |
13.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
A R ENTERPRISES |
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Registered Office : |
7/3, Mominpura Patra Chowk, Mohammad. Siddik Ansari Marg, Byculla (West),
Mumbai 400011, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2006 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of
Industrial Vavles. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Poor |
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Payment Behaviour : |
Slow and Delayed |
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Litigation : |
Clear |
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Comments : |
Mr. Adil, proprietor of the concern remained non-cooperative during
correct inventories. He claimed that all the required document has been
submitted to INDIAMART. Subject appears to be a small and unknown concern in
its field. Scale of operation is small. It’s payment are slow and delayed as
per local market source. No bankers relations are known. The concern can be considered for any business dealings on safe and
secured trade terms and conditions only. |
INFORMATION PARTED
BY
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Name : |
Mr. Adil Ansari |
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Designation : |
Proprietor |
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Contact No.: |
91-9833405193 |
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Date : |
07.06.2008 |
LOCATIONS
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Registered Office : |
7/3, Mominpura Patra Chowk, Mohammad. Siddik Ansari Marg, Byculla
(West), Mumbai 400011, Maharashtra, India |
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Tel. No.: |
91-22-64102854 |
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Mobile No.: |
91-9833405193 |
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Fax No: |
91-22-23094078 |
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Email: |
ar_enterprises2000@hotmail.com |
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Area : |
Small |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Adil Ansari |
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Designation : |
Proprietor |
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Date of Birth/Age : |
25 years |
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Qualification : |
SSC |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of
Industrial Vavles. |
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Products: |
v
Lathes v
Grinders v
CNC Machine v
Cutting Machines v
Drilling Machine v
Polishing Machine v
Welding Machine v
Hydraulic Press v
Heat Treatment Plants |
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Exports : |
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Products : |
Industrial Valves |
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Terms : |
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Selling : |
Credit (60 days) |
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Purchasing : |
Credit (90 days) |
GENERAL
INFORMATION
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Customers : |
Retailers |
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No. of Employees : |
3 |
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Bankers : |
Bank Of India, Mazgaon, Mumbai |
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Facilities : |
The concern don’t enjoy facility from its bankers. |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Available |
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Borrowed : |
Not Available |
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Total : |
Not Available |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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10.000 |
5.000 |
Expected Sales (2009) : Rs. 12.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Profile:-
Subject
expertise expands over manufacturing and exporting of premium quality precision
hydraulic and pneumatic components for engineering, mechanical, chemicals and
many more industries. Their spectrum of
instruments can be broadly categorized as valves (needle valves), pipe fittings
(elbow, bolt, nuts, etc), assemblies and double ferrule fittings.
Leveraging on their sound manufacturing facilities, their exhaustive product
gamut caters to the quality and precision requirements of diverse industries.
Their products conform to the
international standards, thereby offering accurate results. In order to assure
quality in our high grade products, they subject them to stringent quality
testing measures.
Backed by sound infrastructural set, proficient team and advanced R&D unit,
they produce precision equipment with efficient performance. They are reckoned across the globe for their
timely customer services.
Incepted in the year 2006, subject is one of
the leading manufacturers, exporters and suppliers of precision engineered
components and equipment which are used widely in mechanical and engineering
industries. Under the able guidance of their mentor Mr. Adil Ahmed, they have
achieved a reputable position in the global arena.
They strive to offer their clients with
precision-engineered hydraulic and pneumatic valves and pipe as well as ferrule
fittings as per their requirement of dimensions and other specifications. With
their quality conscious advances, combined with technological expansion in
fluid power industry, they have carved a niche for theirselves across global
market. Also, they are successfully catering to the needs of diverse segments
with the increasing requirements of engineering instruments and modern
advancement.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.81 |
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UK Pound |
1 |
Rs.66.10 |
|
Euro |
1 |
Rs.83.75 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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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 |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
YES |
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--OTHER MERIT FACTORS |
YES/NO |
NO |
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TOTAL |
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19 |
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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