MIRA
INFORM REPORT
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Report Date : |
11.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
BANSAL AROMA |
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Registered Office : |
20 – A, Teachers Colony, Samaypur Industrial Area, New Delhi – 110 042 |
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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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TIN No.: |
07280323716 |
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PAN No.: [Permanent
Account No.] |
ADWPG0974C |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Supplier of Natural Essential Oils. |
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 17500 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having satisfactory track. Trade
relations are fair. Nothing adverse reported. 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
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Name : |
Dr. Sandeep Gupta |
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Designation : |
Proprietor |
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Date : |
21.08.2008 |
LOCATIONS
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Registered Office : |
20 – A, Teachers Colony, Samaypur Industrial Area, New Delhi – 110 042,
India |
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Tel. No.: |
91-11-27856363 |
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Mobile No.: |
91-9891144043/ 9810255251/ 9810240505 |
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Fax No.: |
91-11-27893736 |
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E-Mail : |
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Website : |
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Area : |
400 Sq. meter |
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Location : |
Owned |
PROPRIETOR
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Name : |
Dr. Sandeep Gupta |
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Designation : |
Proprietor |
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Date of Birth/Age : |
37 Years |
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Qualification : |
Graduate in Chemical Engineering From AMIE (Associate Member of the
Institution of Engineers) |
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Experience : |
12 Years |
KEY EXECUTIVES
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Name : |
Mrs. Shikha Gupta |
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Qualification : |
M Sc, MBA |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Supplier of Natural Essential Oils. |
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Products : |
v Perfumes v Flavours |
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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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No. of Employees : |
20 |
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Bankers : |
v Kotak Mahindra
Bank Karol BaNew Delhi – 110 005, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 3.500 millions |
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Borrowed : |
-- |
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Total : |
Rs. 3.500 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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25.000 |
20.000 |
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Profit/Loss for the year |
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12% |
12% |
Expected Sales (2008-09): Rs. 30.000 millions
LOCAL AGENCY
FURTHER INFORMATION.
Trust Seal Acceptance Chart
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Parameters |
Details |
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Existence Verification |
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Name |
Bansal Aroma |
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Address |
20 – A, Teachers Colony, Samaypur Industrial Area, New Delhi – 110
042, India |
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Tel. No. |
91-11-27856363 |
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Mobile No |
91-9891144043/ 9810255251/ 9810240505 |
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Fax No |
91-11-27893736 |
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Statutory Approvals |
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Legal Status of Firm |
Proprietorship |
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Income Tax Registration |
ADWPG0974C |
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VAT/ TIN Registration |
07280323716 |
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Name of Bank |
Kotak Mahindra Bank, Karol Bagh, New Delhi – 110 005, India |
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Credibility Factors |
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Year of Establishment |
2006 |
As Per Website Details
Subject is a leading manufacturer, exporter and wholesaler of Natural Essential Oils, Ayurvedic Oils, Herbal Oils (Prepared in traditional way as written in Vedas) Floral and Herbal Extracts, Aroma Oils, Resinoids, Oleoresins, RC Oils, Aroma Therapy Oils, NI Oils, Perfumery Compounds, Flavors & Aromatic Chemicals.
Acknowledged for quality and consistency, they have state-of the-art
manufacturing facilities and a dedicated team of experienced and young
professionals. Although, they have achieved significant breakthroughs in
product innovations, the latest offerings such as organic spices and flowers
are heavily in demand across the world.
They have the most hygienic production facility, which is approved by food
& drug administration of USA. They have been awarded with the certificate
of excellence in the year 2004-05 from Flavors & Fragrance Association of
India and Essential Oils Association of India. They have also been honored by
the International Standardization Authority for customer satisfaction and best
manufacturing practices.
Profile
Dr. Sandeep Gupta, CEO President
Dr. Sandeep Gupta, the present CEO and president of the concern, is a seasoned professional and carries with him a wealth of experience and knowledge. Besides being a graduate in chemical engineering from AMIE (Associate Member of the Institution of Engineers), he was recently awarded a doctoral (Ph. D.) degree with gold medal for his exceptional research on essential oils and his contribution to organic herbal world.
Although, he has an overall command of the concern, two of the key departments
- purchase and marketing are directly under his supervision. Today, with his
foresight and pioneering effort, they are ranked amongst the leading companies
in the industry.
Shikha Gupta, Managing Director
Shikha Gupta is amongst the most experienced and talented entrepreneur in the
field. She holds post graduate (M Sc) degree in Chemistry, MBA (Master in Business
Management) and a gold medalist throughout her student life having considerable
industry experience of eight years. She looks after the IT, production and
research & development department of the concern. It is under her able
guidance that production schedules are strictly followed and costs are
maintained at the minimal "without compromising quality" level. She
has widely contributed to the success of the concern by encouraging production
line up. New innovations in production has made to meet the exact
specifications of the customers.
Komal Gupta
Komal Gupta has been one of the pillars of the concern responsible for all the legal and financial matters of the concern for last 6 years. Besides being a commerce graduate, she also holds a degree in law from one of the prestigious law institute of India. She has a perfect combination of law and commerce to look after all the financial, corporate and legal matters .
Dr. Mukesh Aggarwal
Dr. Mukesh Aggarwal has specialization in Ayurveda (traditional knowledge of
long and healthy way of life with a track record of more than five thousand
years) and herbs . He has an excellent academic record and holds the degree of
BAMS, MD and PhD in Ayurveda and last but not least he holds PG diploma in
Human Resource Management. Apart from this, he holds an ancestral knowledge of
Ayurveda. Traditional Ayurveda is practiced in his family for more than three
hundred years. He belongs to the seventh generation of the same family
practicing the age old tradition.
Dr. Aggarwal is the key person, responsible for maintaining consistent quality
of finished products and input raw material. With his years of experience and
strict supervision, the concern has been able to win the trust of the clients
by supplying quality products. Last but not the least, he looks after the
clinical trials of herbs, herbal extracts, essential oils, oleoresins, floral
and other botanical extracts, their concrete absolutes, essential oils and ruh
(steam distilled version of all above).
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 concern is a government official
or a family member or close business associate of a Government official.
9] Compensation Package :
The 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.
The 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. 45.12 |
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UK Pound |
1 |
Rs. 79.60 |
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Euro |
1 |
Rs. 63.83 |
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 |
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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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
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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, they have no basis upon which to
recommend credit dealings |
No Rating |
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