MIRA
INFORM REPORT
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Report Date : |
13.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
MAXCOR AGRO AND ALLIEDS |
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Registered Office : |
3B-04, MMRDA Company, Durganagar, J. V. Link Road, Andheri (East), Mumbai
– 400093, Maharashtra |
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Country : |
India |
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Year of Establishment : |
2007 |
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IEC No.: |
0308018427 |
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PAN No.: [Permanent
Account No.] |
AARPU9726A |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Suppliers of Agricultural, Pharmaceutical and Scientific Products. |
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 : |
New Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new concern in its field. It has yet to established it’s
track. No payment records or bankers relations are known. The concern can be considered for any business dealing, on safe and
secured trade terms and conditions, only. |
INFORMATION PARTED
BY
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Name : |
Mr. R. P. Upadhyay |
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Designation : |
Proprietor |
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Contact No.: |
91-998739423 |
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Date : |
10.10.2008 |
LOCATIONS
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Registered Office : |
3B-04, MMRDA Company, Durganagar, J. V. Link Road, Andheri (East),
Mumbai – 400093, Maharashtra, India |
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Tel. No.: |
91-22-6523350 |
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Mobile No.: |
91-998739423/ 9411727834 |
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E-Mail : |
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Website : |
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Area : |
250 sq. ft. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. R. P. Upadhyay |
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Designation : |
Proprietor |
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Address: |
3B-04, MMRDA Company, Durganagar, J. V. Link Road, Andheri (East),
Mumbai – 400093, Maharashtra, India |
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Date of Birth/Age : |
45 years |
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Qualification : |
MHSC, PHD |
BUSINESS DETAILS
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Line of Business : |
Suppliers of Agricultural, Pharmaceutical and Scientific Products. |
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Products : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
3 |
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Bankers : |
MIDC, Andheri, Mumbai, Maharashtra, India
Andhery (East), Mumbai, Maharashtra, India |
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Facilities : |
The concern do not enjoy facility from it’s Bankers |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Kulkarni and Associates Chartered Accountant |
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]
They have started work just 2 month before
Expected Sales (2008-09): Rs.5.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
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Additional
Requirement of Indiamart for Trust-Seal |
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VAT / TIN : 27600626141 |
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IEC Code : 0308018427 |
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PAN / TAN : AARPU9726A |
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Bank Name :
Aixs Bank |
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Bank Address : MIDC,
Andheri, Mumbai, Maharashtra, India |
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Bank A/c. No.: 395010200002585 |
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Account Since : 1 ˝
years |
Trade Reference:
- Shree Sati
Scientific Industry, Amballa
- Shree Ganesh Scientific
Industry, Amballa
Website Details:
Profile:
Incepted in the year 2007, Subject is one of the fastest
growing companies engaged in exporting and supplying a diverse range of products
that includes agro products, scientific instruments and miscellaneous items.
Sourcing from certified vendors across the country we are able to offer our
clients with a versatile gamut that ranges from Agricultural & Vegetable
Seeds, Agro & Vegetable Products, Scientific Instruments to Tea &
Coffee and spices, Medicinal Plants and Miscellaneous Items.
Fostering a rich vendor base has facilitated to process bulk consignment orders
within the set time frame. Also, maintaining strategic alliances with various
agents and business associates helps to maintain an uninterrupted flow of
supply to various parts of the world. Their versatile assortment has been
widely appreciated across the markets of India, USA, UK and other Asian
countries securing us a series of awards and achievements.
Their mentor, Dr. Rajendra Prasad Upadhyay, with a rich experience of the
export market of over ten years, has strongly inspired to set up their business
on the lines of commitment, integrity, fairness and responsibility. With his
strong business understanding they
have been able to acquire a distinguishable position within a short span of
time.
Achievements:
Within a year of operation, they have been able to meet the
expectations of their clients and secure the following awards and achievements:
• Research scholarship awarded by the Government of West Bengal under ICAR Rule
for the completion of Ph. D wok
• Post Doctoral Fellowship awarded by the Indian Council of Forestry Research
& Education (ICFRE), Dehradun
• Post-Doctorate Financial Assistance provided by International Development
Research Center, (IDRC) for the work of GIS training program under resource
management system
Rich
Vendor Base
Their company has primarily focused on catering to the exact
needs and requirements of their global clients within the promised time frame.
The fact that they export a versatile assortment ranging from agro products to scientific instruments and
miscellaneous items, it becomes essential for to maintain a wide and
strong network of vendors, agents and associates specializing in the production
of each product.
After gaining a through knowledge of client specific needs and requirements,
their networking team uses their experience and market knowledge to locate
suitable and reliable vendors and manufacturers. Before they settle on their
list of suppliers, out team makes a complete assessment report on the final
vendors, based on their mode of operation and market credibility. They make a
detailed study of their production capability, past clients, financial status
and their adherence to time schedules.
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.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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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 |
- |
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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 |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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16 |
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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