MIRA
INFORM REPORT
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Report Date : |
15.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
ARJUN AGRI INDUSTRIES |
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Registered Office : |
47, Rajaji Road, Salem – 636 007, Tamilnadu |
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Country : |
India |
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Year of Establishment : |
2008 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Supplier of Indian Herbs such as Senna Leaves, Mint
Leaves etc. and food 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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Maximum Credit Limit : |
USD 5000 |
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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 and yet to establish track. No payment records or banking relations are known. The concern can be considered for any business dealings on safe and
secured trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Arjun Mohan |
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Designation : |
Proprietor |
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Contact No.: |
91-9443375577 |
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Date : |
13.10.2008 |
LOCATIONS
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Registered Office : |
47, Rajaji Road, Salem – 636 007, Tamilnadu, India |
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Tel. No.: |
91-427-2417121 / 2417151 / 2417191 |
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Mobile No.: |
91-9443375577 |
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Fax No.: |
91-427-4030183 |
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E-Mail : |
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Area : |
10000 Sq. ft. |
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Location : |
Owned |
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Factory : |
Near Jalakanthapuram Village, Salem |
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Area : |
5 Acres |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. R R Arjun Mohan |
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Designation : |
Proprietor |
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Date of Birth/Age : |
46 Years |
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Qualification : |
M.B.A. |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Supplier of Indian Herbs such as Senna Leaves, Mint Leaves
etc. and food products. |
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Products : |
·
Spices ·
Pulses/ Cereals ·
Medicinal Plants ·
Herbs ·
Essential Oils ·
Seeds ·
Powders ·
Other Agri Products |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Advance T/T |
GENERAL INFORMATION
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Customers : |
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Wholesalers ·
Retailers |
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No. of Employees : |
30 (In Office 20 and In Factory 10) |
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Bankers : |
South Indian Bank Limited Veer Pratap, Salem |
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Facilities : |
The Concern do not enjoy facilities from it’s bankers. |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
T R Ratnam and Company Chartered Accountants |
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Associates/Subsidiaries : |
Arjun Tarpaulin Industries Address : 47, Rajaji Road,
Salem – 636 007, Tamilnadu, India Line of Business
:
Manufacturer of Tarpaulin |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.1.000 million (Estimated) |
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Borrowed : |
- |
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Total : |
Rs.1.000 million (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
New Company
Expected Sales (2008-09) : Rs.20.000 millions
LOCAL AGENCY
FURTHER INFORMATION
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Additional Requirement
of Indiamart for Trust-Seal |
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Service Tax No. : -- |
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Excise Registration No.: -- |
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VAT / TIN : -- |
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IEC Code : -- |
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PAN / TAN : ACRPM9320Q |
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Bank Name : South Indian Bank Limited |
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Bank Address : Veer Pratap, Salem |
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Bank A/c. No.: 0075073000002950 |
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Account Since : 4 Months |
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In case of any affiliations / memberships / certifications : |
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Name : -- |
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Type : -- |
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Expiry Date : -- |
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Web Details
Profile
Arjun Group of Companies was Incepted in the
year 1985. Subject Was started in 2005, and has gained a prominent name in the
sphere of manufacturing, supplying and exporting a wide spectrum of food
products that are appreciated in the global market. They have been continuously
meeting the increasing demands in today’s market sphere satisfying the
customers effectively.
The fame we incurred in just three years is solely due to the able guidance and
support of the CEO Mr. R.R. Arjun Mohan. Who is in change of
Marketing the Products Internationally, with the Technical support of his
own brother who is a Post Graduate in Agriculture, and has got almost 24
years of Experience in Agri based products and industries. Their constant
inspiration has helped them to progress and elevate the position in the realm
of international platform.
India, (the Origin of Ayur Vedha, the Natural system of Medicine), has
got rich cultural Heritage they grow all the Medicinal Plants especially in the
Hilly regions of Salem. Salem is strategically located, at the centre ,
where have cultivation of all the Products mentioned above ..They are involved
in contract Farming too!. The efficiency is proved by the list of the
clients whom we have treasured in these years. Moreover the raising demand of
the products in the market further strengthens the fact that they are gaining a
strong foothold in the industry.
The well-organized infrastructure along with better ware-housing facility aids
in storing materials and products in abundance. The workforce that they have,
enables them to cater to the customers as per their requirements and
satisfaction fruitfully within the allotted time frame.
Product Portfolio
Subject has wide product offerings for export
of agro Products such as Spices, Pulses/cereals, Medicinal Plants, Herbs, Oils,
Seeds and Powders. Enriched with quality, and high nutrient values, the
products are successfully catering to different industries, in many advanced
Countries.
Client Satisfaction
The expertise provides them edge in sourcing
which enables them to boost the client’s profitability. It further helps them
to ensure that the clients get the products they need. Backed by a
globe-spanning network they source the
products to the clients in an effective manner.
The efforts for total customer satisfaction are driven by the following
principles:
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Ethical business approach
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Strong communication and negotiation skills
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Developing a sound buyer-seller relationship
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Loyalty and commitment to the service.
With a vision to achieve more effective
integration into sourcing the products worldwide, they are constantly moving
with ethical business practices. They proficiently execute as per customers
indent and specification in time.
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.47.71 |
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UK Pound |
1 |
Rs.83.30 |
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Euro |
1 |
Rs.65.12 |
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 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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 |
YES |
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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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17 |
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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