MIRA
INFORM REPORT
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Report Date : |
18.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
APRATIM INTERNATIONAL |
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Registered Office : |
L-2A, Hauz Khas Enclave, IInd Floor, New Delhi 110 016 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1989 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Indentors of N-Paraffins, CPW, PDCB, DEP, TPP, Plasticizers and
Solvents. |
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 5000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed concern having satisfactory track.
Proprietor is reported as experienced and respectable businessmen. Trade
relations are reported as fair. Business is active. 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 : |
Mr. Krishan Kumar |
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Designation : |
Proprietor |
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Contact No.: |
Mobile no. 91-9810265040 |
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Date : |
01.09.2008 |
LOCATIONS
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Registered Office : |
L-2A, Hauz Khas Enclave, IInd Floor, New Delhi 110 016, India |
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Tel. No.: |
91-11-26564554 / 61655493 |
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Mobile No.: |
91-9810265040 |
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Fax No.: |
91-11-26856379 |
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E-Mail : |
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Website : |
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Area : |
1200 sq. fts. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Krishan Kumar |
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Designation : |
Proprietor |
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Date of Birth/Age : |
51 Years |
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Qualification : |
Post Graduate |
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Experience : |
26 Years |
BUSINESS DETAILS
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Line of Business : |
Indentors of N-Paraffins, CPW, PDCB, DEP, TPP, Plasticizers and
Solvents. |
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Products : |
Ø N-Paraffin Ø Solvents Ø Alcohols Ø Oxo Alcohols Ø Acrylates Ø Primary
Plasticisers Ø Secondary Plasticisers Ø Paraffin Wax Ø Rubber Process
Oil Ø Base Oil Ø Foots Oil Ø Plastics |
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Agencies Held : |
Ø Sasol wax (SA)
Limited for the marketing of N-Paraffins Ø InfoOne Plastic
Industires Malaysia Ø Chino Chem –
China Ø Pokita PCC –
Poland |
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Exports (Indirectly) : |
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Countries : |
USA, South Africa |
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Imports (Indirectly) : |
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Countries : |
South Africa, USA |
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Terms : |
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Selling : |
Indenting Agent |
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Purchasing : |
Indenting Agent |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
3 (In Office) |
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Bankers : |
Canara Bank, Hauz Khas, New Delhi |
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Facilities : |
The concern donot enjoy facility from its
banker. |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Soni and Associates Chartered Accountants |
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Address : |
New Delhi |
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Associates/Subsidiaries
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NIL |
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]
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Particulars |
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31.03.2008 |
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Gross Commission (on indenting business) |
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10.000 |
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Expected Sales (2008-09): Rs.13.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
As per website
details:
Profile
They are one of the leading International
Marketing company in India. They market chemicals, Petrochemicals and commodities
for their principals abroad. They invite genuine foreign suppliers of
chemicals, petrochemicals for representation in India. They provide a unique
platform to their overseas principals for developing market of their products
in India. Their principals get reliable feed back of the Indian import market
and price mechanism.
Imports
They have a reliable and exclusive supplier
base of chemicals and petrochemicals in many countries.
They are the exclusive marketing representatives of Sasol Wax (SA) Pty Ltd for
the marketing of N-Paraffins in India. They arealso marketing chemicals for
Infoone plastic Industries Malaysia, They facilitated business worth US$ 6
million in last fiscal year.
They invite reliable overseas suppliers to offer raw materials and products for
the following Industries in India:
Ø Primary Plasticiser Industry.
Ø Secondary Plasticiser Industry
Ø Plastic and PVC industry.(HDPE,LDPE,PVC suspension and emulsion grade)
Ø Paints industries.(White spirit,Toluene,Xylenes,Benzene)
Ø Solvents ( Organic and Inorganic, Oxy alcohols)
Ø Steam coal for the power and cement industry.
Ø Paraffin wax (fully and semi refined), slack wax, Foots oil, rubber process oil, base oil.
Exports
They guarantee international quality , timely delivery and competitive prices.
Ø Chlorinated Paraffins oil (52% and 45% Chlorine content)
Ø Monochlorobenzene
Ø Paradichlorobenzene
Ø Orthodichlorobenzene
Ø Paranitrochlorobenzene
Ø Orthonitrochlorobenzene
Ø Acetanylide
Ø Laboratory chemicals and reagents.
Ø PVC compounds, TPR compounds, P.P. filled compounds.
Ø Vinyl sulphone - para base ester, dyes intermediates.
Ø Castor oil.
Ø Di - ethyl pthalate - perfumery chemical.
Ø Tri - phenyl phosphate - flame retardant.
Ø PNT, ONT
Ø ONA, PNA
They have the support of a highly professional and experienced team to market
the products mentioned 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 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.46.34 |
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UK Pound |
1 |
Rs.82.96 |
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Euro |
1 |
Rs.65.82 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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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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48 |
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/normal. |
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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