MIRA
INFORM REPORT
|
Report Date : |
03.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
JAIKISAN FERTILISERS DEPOT |
|
|
|
|
Registered Office : |
Nekkonda Road, Narsampet, Warangal – 506132, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.10.2008 |
|
|
|
|
Date of Establishment : |
May,2008 |
|
|
|
|
Legal Form : |
Sole Proprietory Concern. |
|
|
|
|
Line of Business : |
Trader and Retailers of Pesticides and Fertilisers. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
New Concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new concern and yet to established itself. Trade relations
are fair. No further details or payment could be made available at present. The concern can be considered for small to mediocre business dealings
with slight caution initially. |
LOCATIONS
|
Registered Office : |
Nekkonda Road, Narsampet, Warangal – 506132, Andhra Pradesh, India. |
|
Tel. No.: |
91-870-2424472 |
|
Mobile No.: |
91-9441002561 |
|
Area : |
250 sq.ft. (Ground Floor) |
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr.M.D.R.Abdul Rahim |
|
Designation : |
Proprietor |
|
Address : |
Door No = 5 – 35, Palkhal Road, Narasampet, Warangal – 506 132, Andhra
Pradesh, India. |
|
Age : |
49 years |
|
Qualification : |
10th Standard |
|
Experience : |
22 years |
BUSINESS DETAILS
|
Line of Business : |
Trader and Retailers of Pesticides and Fertilisers. |
|
|
|
|
Agencies Held : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Credit (30 days), Cash |
|
|
|
|
Purchasing : |
Credit (30 days), Cash |
PRODUCTION STATUS
|
Particulars |
|
|
|
Product
Sold Per Month |
|
|
|
|
|
|
|
Pesticides and Fertilizers Products – Retail Business to Village
Farmers |
|
|
|
Rs.0.200 Million
Per Month |
GENERAL
INFORMATION
|
Customers : |
|
|
|
|
|
No. of Employees : |
1 (In Shop Staff) |
|
|
|
|
Bankers : |
Andhra Bank Narasampet, Warangal Main Branch (Only Branch @ warangal) Andhra
Pradesh, India. |
|
|
|
|
Facilities : |
The concern do not enjoy any facilities from its Banker |
|
|
|
|
Banking
Relations : |
- |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. Rayana Chartered Accountant Warangal, Andhra Pradesh, India. |
|
|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Not Available
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
|
31.05.2008 To 31.10.2008 |
|
Sales Turnover |
|
|
1.000 |
|
|
|
|
|
|
Profit/Loss for the year |
|
|
5% (Total
Turnover) |
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCES:
Ř
Local Village Farmers at Narasampet, Warangal District – Covering Four
Villages.
OBSERVATION POINTS
|
Particulars |
|
|
Name Board |
Sighted Low In Front Of Shop |
|
Land Mark To Shop |
Near To Narasampet Bus Stand, Hardly 35 Kms
From Warangal Railway Junction. |
|
No. Of Staff Seen At Shop Premises |
1 Person |
|
Shop Area |
Market Area At Narasampet, Warangal
District. |
Note:
At Narasampet There Are Only Few Retail Shops
Of Selling Pesticides And Fertilizers In Surrounding Areas.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.25 |
|
UK Pound |
1 |
Rs.80.36 |
|
Euro |
1 |
Rs.62.84 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
- |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
15 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|