MIRA
INFORM REPORT
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Report Date : |
14.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
RAS AGRO ASSOCIATES |
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Registered Office : |
H-402, Cosmos, Magarpatta City, Hadapsar, Pune – 411 028, 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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IEC No.: |
316010274 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNER08146F |
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PAN No.: [Permanent
Account No.] |
AAIFR9380E |
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Legal Form : |
Partnership concern with an unlimited liability of the partners. |
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Line of Business : |
Exporter and Supplier of Herbal and Ayurvedic Plants. |
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 5500 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having satisfactory track. Trade
relations are fair. Payments are usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
|
Name : |
Mr. Ajay Shankar |
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Designation : |
Partner |
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Contact No.: |
91-9373324431 |
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Date : |
08.10.2008 |
LOCATIONS
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Registered Office : |
H-402, Cosmos, Magarpatta City, Hadapsar, Pune – 411 028, Maharashtra,
India |
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Tel. No.: |
91-20-26823656 |
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Mobile No.: |
91-9373324431 |
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Fax No.: |
91-20-26823656 |
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E-Mail : |
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Website : |
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Area : |
1400 Sq. ft. |
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Location : |
Owned |
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Farm : |
Gat No. 129, Village Shingadwadi, Taluka Shirur, District Pune,
Maharashtra, India |
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Mobile No.: |
91-9860763073 |
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Location : |
Owned |
PARTNERS
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Name : |
Dr. Ajay Shankar |
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Designation : |
Partner |
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Address : |
H 402, Cos Magarpatta City, Hadpsar, Pune, Maharashtra, India |
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Date of Birth/Age : |
21.12.1965 |
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Qualification : |
Msc, PhD |
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Experience : |
17 Years |
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Name : |
Ms. Rachna Shankar |
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Designation : |
Partner |
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Address : |
H 402, Cos Magarpatta City, Hadpsar, Pune, Maharashtra, India |
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Date of Birth/Age : |
25.12.1969 |
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Qualification : |
MA Eco, Management |
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Experience : |
12 Years |
BUSINESS DETAILS
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Line of Business : |
Exporter and Supplier of Herbal and Ayurvedic Plants. |
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Products : |
·
Herbal Stevia |
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Brand Names : |
·
Steocal ·
Herbogar |
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Exports : |
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Products : |
·
Stevia Extract Tablets ·
Stevia Extract Sachet ·
Stevia Extract Liquid Concentrate ·
Stevia Extract RM ·
Stevia Dry Leaves ·
Stevia Leaves Powder ·
Aloevera Juice ·
Gel ·
Powder Etc. |
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Countries : |
·
Asian Countries ·
Middle East ·
Malaysia ·
USA ·
Australia ·
Phillipines |
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Imports : |
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Countries : |
China |
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Terms : |
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Selling : |
L/C and Cash |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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Customers : |
·
Wholesalers ·
Dealer |
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No. of Employees : |
7 |
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Bankers : |
·
ICICI Bank, Swaroop Nagar, Kanpur ·
Punjab National Bank, Magarpata City |
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Banking
Relations : |
Satisfactory |
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Auditors : |
Not Available |
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Associates/Subsidiaries : |
·
Sun Green Technology Address
: Swaroop Nagar, Kanpur Line
of Business : Export of Herbal and Leather Goods ·
Stevia Agro Industries |
CAPITAL STRUCTURE
Authorised Capital :
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Capital Investment : |
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Owned : |
Rs.1.109.000 millions |
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Borrowed : |
- |
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Total : |
Rs.1.109.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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1.109 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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1.109 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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1.109 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.007 |
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Furniture and Fixture |
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0.055 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.216 |
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Sundry Debtors |
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0.043 |
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Cash & Bank Balances |
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0.919 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.180 |
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Total
Current Assets |
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1.358 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities and Provisions |
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0.033
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Sundry Creditors |
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0.278
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Total
Current Liabilities |
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0.311 |
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Net Current Assets |
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1.047 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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1.109 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
|
|
31.03.2008 |
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Sales Turnover |
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2.344 |
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Other Income |
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0.000 |
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Total Income |
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2.344 |
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Profit/(Loss) Before Tax |
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1.544 |
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Provision for Taxation |
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0.033 |
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Profit/(Loss) After Tax |
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1.511 |
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Expenditures : |
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Bank Charges |
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0.002 |
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Interest on Capital |
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0.021 |
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Professional Fees |
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0.017 |
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Office Rent |
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0.024 |
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Telephone and Internet Expenses |
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0.029 |
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Depreciation & Amortization |
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0.004 |
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Other Expenditure |
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0.703 |
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Total Expenditure |
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0.800 |
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KEY RATIOS
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PARTICULARS |
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31.03.2008 |
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PAT / Total Income |
(%) |
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64.46 |
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Net Profit Margin (PBT/Sales) |
(%) |
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65.87 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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113.11 |
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Return on Investment (ROI) (PBT/Networth) |
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1.39 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.28 |
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Current Ratio (Current Asset/Current Liability) |
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4.37 |
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance Chart
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Parameters |
Details |
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Existence Verification |
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Name |
RAS AGRO ASSOCIATES |
|
Address |
H-402, Cosmos, Magarpatta City, Hadapsar, Pune – 411 028, Maharashtra,
India |
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2nd address |
Shop No. 25, LIC Building, Kanhanjanga Apartment, Magarpatta Road, Hadpsar,
Pune – 411 028, Maharashtra, India |
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Phone/ Mobile Numbers |
9.12027E+11 |
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Fax Numbers |
9.12027E+11 |
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Statutory Approvals |
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Legal Status of Firm |
Registered |
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Income Tax Registration |
AAIFR9380E |
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VAT/ TIN Registration |
27080565317V |
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Import Export Code |
316010274 |
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Name of Bank |
Punjab National Bank |
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Current Account Number |
1.394E+15 |
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Account Since |
2006 |
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Credibility Factors |
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IndiaMART Client Since |
28.06.2005 |
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Years of Establishment |
3 Years |
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Turn Over |
Rs.3.200 millions |
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Turn Over Year |
2007-08 |
Web Details
Since the inception in the year 2001, They are proficiently engaged in
the manufacture, and export of stevia, aloe vera and medicines and ayurvedic cosmetic
derived from them. They are a professionally managed company dedicated to
achieve excellence in health care products, using high quality herbal extracts.
State-of-the-art excellence and expertise coupled with zeal to offer the best
herbal and ayurvedic solutions have given them the edge over the competitors.
The team of dedicated, dexterous and diligent professionals has backed them in
collecting and processing the best quality herbs across the country to
manufacture products with utmost excellence. Quality has always been the
benchmark making them a well known name in the international markets of herbal
products.
The mentor Dr. Ajay Shankar (PhD in life sciences) has rendered research
services in renowned pharmaceutical companies and has immense knowledge in the
composition of herbal formulations. With two sister concerns Stevia Agro
India-Herbal and cosmetic business and Sun Green Technologies- Herbal, Aromatic
and Leather products and an experience of 17 years in the industry they have
become a prominent name in pharma industry.
Product Portfolio
They are in a continuous process of
developing range of natural herbal products, providing ayurvedic solution to
various physical ailments. Recognizing the changing and dynamic demands of herbal
and natural product market, they offer a wide range of herbs and their extracts
catering to diverse requirement. They cultivate and manufacture stevia, stevia
dry leave powder white, stevia dry leaves, stevia tablet, stevia sachet, aloe
plant, aloe vera juice, aloe vera powder, aloe vera cream, essential and
aromatic oils, peppermint oil, spearmint oil, menthol(shivalik) oil and
basil/tulsi/ocimum. The products are highly qualitative and compromise
following features:
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Pure and Natural.
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Anti-Bacterial.
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Anti Fungal
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Anti-Inflammatory
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Anti-Microbial
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Anti-Viral
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Cardio Tonic
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Diuretic
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Hypoglycemic
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Skin Friendly
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Environment Friendly
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Long Shell Life.
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Anti-Septic
About Stevia
Stevia rebaudiana is known for its herbal curing properties. The leaves
of stevia comprise of 9-12% of glucosides (250-300 times sweeter than sugar),
volatile oils, proteins minerals vitamins, fiber and rich in phyto-nutrients.
Stevia extracts are widely used in the preparation of medicines that provide
relief from problems related to Diabetes, Hypertension / High Blood-Pressure,
Teeth And Gums, Skin Care, Obesity etc.
Owing to its beneficial effects Stevia has been approved in 22 countries
including Orient and Latin America, Japan, Korea, China, European countries,
Malaysia and South Africa. In June 2004, Joint Expert Committee on Food
Additives of world Health Organization (JECFA) permitted to use stevia as a
food additive.
Infrastructure
Beside the own cultivation farms, they also own
state-of-the-art-manufacturing unit, spread in an area of 4000 square feet and
is equipped with machines to develop and manufacture a varied range of herbal
products.
Installed with high performance machines for product packaging, all the
machines are regularly cleaned in order to save the formulations from getting
contaminated.
Further implementation of advanced technology enables them to make prudent use
of resources without any material wastage.
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.48.14 |
|
UK Pound |
1 |
Rs.82.73 |
|
Euro |
1 |
Rs.65.63 |
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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
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 |
YES |
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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 |
|
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
|
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 |
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