1. Summary Information
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|
|
Country |
|
|
Company Name |
R. NANDLAL AND
SONS |
Principal Name 1 |
Mr. Rajan Gadia |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Mahesh Gadia |
|
|
|
Registration # |
-- |
|
Street Address |
Kanmoor House
B-9/10, 281/87, |
||
|
Established Year |
1978 |
SIC Code |
-- |
|
Telephone# |
91-22-56313390 /
66313390 |
Business Style 1 |
Trading |
|
Fax # |
91-22-39427982 /
67435060 / 70 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Chemicals |
|
|
# of employees |
20 Approximately |
Product Name 2 |
-- |
|
Paid up capital |
Rs.23,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
-- |
Banking |
Standard
Chartered Bank |
|
Public Limited Corp. |
-- |
Business Period |
33 Years |
|
IPO |
-- |
International Ins. |
- |
|
Public |
-- |
Rating |
Ba
(48) |
|
Related
Company |
|||
|
Relation
|
Associates
|
Company
Name |
R R |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
-- |
Current Liabilities |
-- |
|
Inventories |
-- |
Long-term Liabilities |
-- |
|
Fixed Assets |
-- |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
-- |
|
Invest& other Assets |
-- |
Retained Earnings |
-- |
|
|
|
Net Worth |
-- |
|
Total Assets |
-- |
Total Liab. & Equity |
-- |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
335,000,000 |
Net Profit |
-- |
|
Sales(Previous yr) |
260,000,000 |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
|
Report Date : |
24.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
R. NANDLAL AND SONS |
|
|
|
|
Registered
Office : |
Kanmoor House B-9/10, 281/87, |
|
|
|
|
Country : |
|
|
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|
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Financials (as
on) : |
31.03.2011 |
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|
|
|
Year of
Establishment : |
1978 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.23.000 millions |
|
|
|
|
Legal Form : |
Partnership concern with an unlimited liability of the partners. |
|
|
|
|
Line of Business
: |
Trader of Chemicals. |
|
|
|
|
No. of Employees
: |
20 Approximately |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 92000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
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Litigation : |
Clear |
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|
Comments : |
Subject is a well established partnership concern having satisfactory
track. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terns and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Jayantibhai |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-66313390 |
|
Date : |
17.08.2011 |
LOCATIONS
|
Registered Office : |
Kanmoor House B-9/10, 281/87, |
|
Tel. No.: |
91-22-56313390 / 66313390 |
|
Fax No.: |
91-22-39427982 / 67435060 / 70 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Plot No. 04, Padma Apt., Gr. Floor, Paigah Colony, Opp. Zenith
Computer, Secunderabad - 500 003, Andhra Pradesh, India |
|
Tel. No.: |
91-40-6649 3360 / 70 |
|
Fax No.: |
91-40-6649 3360 |
|
E-Mail : |
PARTNERS
|
Name : |
Mr. Rajan Gadia |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Mahesh Gadia |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Anand Gadia |
|
Designation : |
Partner |
BUSINESS DETAILS
|
Line of Business : |
Trader of Chemicals. |
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|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
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|
|
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
20 Approximately |
|
|
|
|
Bankers : |
Standard Chartered Bank |
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vilas Joshi and Company Chartered Accountant |
|
Address : |
Masjid Bunder, Mumbai, |
|
|
|
|
Associates/Subsidiaries : |
R R |
CAPITAL STRUCTURE
As on 31.03.2011
|
Capital Investment : |
|
|
Owned : |
Rs.23.000 millions |
|
Borrowed : |
-- |
|
Total : |
Rs.23.000 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
31.03.2011 |
31.03.2010 |
|
Sales Turnover (Approximately) |
|
335.000 |
260.000 |
Expected Sales (2011-2012) : Rs.400.000 millions
The above information has been parted by Mr. Jayantibhai
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
TRADE REFERENCES
·
S J Shah and Company
·
Essel Merchandisor Private Limited
WEB DETAILS
SMALL STEPS LENGTHEN INTO LONG STRIDES
A company with a modest begining as a chemical trader, today R.R.GROUP has expanded its business horizons with an objective of market development of agency products. Engulfing along with it newer range of trading items supplemented with an ever growing Export , Import and Indenting activities.
With an aim to exploit new market opportunities
and a constant endeavour to provide better and improved services to the
customers, the promoter company subject formed an associate company M/s. R. R.
Enterprise. The two companies with separate identities operate under one Roof
of THE R.R.GROUP.
To capitalise from the fast growing
globalisation of Indian trade and with better in time response in form of
timely services to the customers, a branch office at India pharma hub -
Hyderabad has been made operational some time back. An additional branch office
shall also be operational in the industrial state of
Determination to surge ahead against all
odds, coupled with the undented efforts of constant innovation and newer
product development has made our group proud by winning accolades from the
principals and suppliers. Today the R. R. Group comprises of more than 35
dedicated employees with a combined turnover of 2000 millions annually.
Principals /
Suppliers
·
·
Rashtriya Chemicals And Fertilizers Limited
·
·
Grasim Industries Limited
·
Gujarat Heavy Chemicals Limited
·
Sree Rayalalseema Alkalies and Allied Chemicals
Limited
·
Tuticorin
Alkali Chemicals and Fertilizers Limited
·
Samsung Finechemicals
·
Trigon Gulf FZCO
·
Dormex Trade and Investments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.45.69 |
|
|
1 |
Rs.75.29 |
|
Euro |
1 |
Rs.65.77 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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
|
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.