MIRA
INFORM REPORT
|
Report Date : |
10.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
APARNA AGENCIES |
|
|
|
|
Registered Office : |
# 14, 4th Main, Ramohanapuram, Bangalore-560021, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2008 |
|
|
|
|
Year of Establishment : |
1979 |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business : |
Manufacturer, Trader and Service Providers of Civil Survey Instruments
for Application in civil survey related projects. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5500 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established and reputed concern meeting its normal commitments
timeously. Trade relations are fair. Business is active. Nothing adverse reported. The concern can be considered for normal business dealings. |
LOCATIONS
|
Registered Office/ Factory : |
# 14, 4th Main, Ramohanapuram, Bangalore-560021, Karnataka,
India |
|
Tel. No.: |
91-80-23327480/ 23126403/ 23321442 |
|
Mobile No.: |
91-9845022386 |
|
Fax No.: |
91-80-23321442 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
Approximately 1000 sq ft (Owned) |
SOLE PROPRIETOR
|
Name : |
Mr. Ashok |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
54 Years |
|
Qualification : |
Graduate |
|
Experience : |
28 Years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Service Providers of Civil Survey Instruments
for Application in civil survey related projects. |
|
|
|
|
Products : |
|
|
|
|
|
Exports : |
|
|
Countries : |
USA |
|
|
|
|
Imports : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Direct, Against Payment |
|
|
|
|
Purchasing : |
Direct, Normal Trade terms |
GENERAL
INFORMATION
|
Suppliers : |
|
|
|
|
|
Customers : |
|
|
|
|
|
Bankers : |
ABN Amro Bank, Residency Road, Bangalore-52, Karnataka, India |
|
|
|
|
Facilities : |
Operating on own funds |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Mrs. Indira Chartered Accountant |
|
Address : |
Bangalore |
|
|
|
|
Memberships : |
Export Promotion Council and Small Scale Industries |
|
|
|
|
Group Companies : |
|
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 1.100 Million |
|
Borrowed : |
-- |
|
Total : |
Rs. 1.100 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
31.03.2008 |
31.03.2007 |
|
Sales Turnover |
|
9.000 |
8.300 |
|
|
|
|
|
|
Profit/Loss for the year |
|
About 12% |
About 12% |
|
|
|
|
|
|
Export Value |
|
About 0.500 |
About 0.400 |
|
|
|
|
|
|
Import Value |
|
About 0.000 |
About 0.200 |
Average Value of Inventories at any given time Rs. 1.500 Millions
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE
Profile:
A Brief
Introduction
Survey instruments are used in the important task of accurately
determining the terrestrial or three-dimensional space position of points and
the distances & angles between them. Since accurate results are only
achieved with the help of quality equipments, every concern looks for quality
instruments for their specific requirement.
Founded in 1979, Aparna Agencies is a leading manufacturer and exporter
of surveying instruments, material testing equipments, and meteorological
instruments. Developed in accordance with the internationally accepted
production norms and methodology, the range of products is engineered to yield
outstanding and accurate results.
Renowned for their accuracy, durability and perfection, the products are
setting standards of performance in the entire global market. They are
empowered with a strong team of researchers and technologists to engineer
innovative solutions as per the emerging requirements of the market. The
company also has a full fledged research division that constantly monitors the
market conditions to develop that range of survey products which is capable of
working efficiently and economically, besides giving accurate results.
With reliability and accuracy as their hallmarks, the products are in high
demand in various overseas markets including the highly competitive markets of
the United States. They are also involved in the import business of several
equipments which are sourced from the markets of China, Japan, Malaysia, Korea
and USA. The concern is the proud member of the Export Promotion Council and
the Small Scale Industries (SSI).
What They Offer
With its extensive expertise and experience, Aparna Agencies offers a wide
range of equipments for various surveying applications. They are a
distinguished manufacturer, exporter and importer of the following products:
- Survey
Instruments/Surveying Equipments
- Material
Testing Equipments
- Meteorological
Instruments.
Unmarred Quality
They truly believe that quality plays an important role in the market
success of a product. At Aparna Agencies, impeccable quality is maintained by
following a stringent quality management system conforming to various national and
international standards. Only premium grades of raw materials are employed in
the process which are sourced directly from authentic vendors of the market.
Every task is executed under the hawk eye supervision of technical
experts. Further, a series of trials and inspections ensures the movement of
only excellent items to the market. By leveraging the wealth of knowledge, they
aim to deliver only those products which are second to none in terms of
technology and performance.
The Strengths
The following factors provide them the wings of success to achieve new
benchmarks in the industry of surveying equipments:
- A
state-of-the-art unit equipped with latest technologies
- A strong
workforce comprising of technological experts and researchers
- Compliance to
internationally accepted production norms and methods
- Meeting the
exacting requirements of the customers and standards of the industry
- Creative
research and development division to develop innovative products
- Prompt
deliveries, excellent after sales support and client oriented approaches:
The hallmarks.
The Group
Companies
The following is the brief profile of the group concerns:
- Chetana Enterprises: Manufacturer
of brass telescopes, compasses, sextants, etc.
- Geo Survey Instruments Ihncorporation.: Offers
services in the arena of auto levels, electronic theodolites, total
station & its accessories, etc.
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.44.89 |
|
UK Pound |
1 |
Rs.78.86 |
|
Euro |
1 |
Rs.63.33 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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 |
|