MIRA
INFORM REPORT
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Report Date : |
19.02.2011 |
IDENTIFICATION DETAILS
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Name : |
ANUJ ARGO GLOBAL |
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Registered
Office : |
No. 18(Old No.216). |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Year of
Establishment : |
2005 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
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Trader and Exporter of yellow Corn (Maize), Barley, Sorghum, Pearl Millets.
These Products are sourced by us from the most prominent of Indian exporters
handling large volumes of business on both containerized shipments and bulk
shipments. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (48) |
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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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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 proprietory concern having fine track
records. Trade relations are reported as fair. Business is active. Payments
are reported to be correct and as per commitments. The concern can be considered good for normal business dealings at
usual trade terms 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
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Prakash |
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Designation : |
Chief Executive Officer |
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Contact No.: |
91-9944477353 |
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Date : |
11.02.2011 |
LOCATIONS
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Registered Office : |
No. 18(Old No.216). |
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Tel. No.: |
91-422-2553117 / 2550473 |
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Fax No.: |
91-422-2550481 |
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E-Mail : |
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Website : |
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Branches : |
Secunderabad
Branch : 189, Plassy Lines, Bowenpally, Secunderabad – 500011 # 1, Harsh Nagar, Gulmohar Extension Behind Saket Nagar, Tel. No.: 91-731-4051727 Fax No.: 91-731-4049117 |
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SOLE PROPRIETOR
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Name : |
Mrs. Anusuya Devi Sharma |
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Designation : |
Proprietor |
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Note : The firm is being looked after by Mr. Prakash Sharma
Son of the above mentioned who is the CEO.
BUSINESS DETAILS
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Line of Business : |
Trader and Exporter of yellow Corn (Maize), Barley, Sorghum, Pearl
Millets. These Products are sourced by us from the most prominent of Indian exporters
handling large volumes of business on both containerized shipments and bulk
shipments. |
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Exports : |
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Products : |
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Countries : |
South Eastern Countries |
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Terms : |
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Selling : |
L/C, Credit (30 days) |
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GENERAL INFORMATION
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Customers : |
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No. of Employees : |
25 (Approximately) |
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Bankers : |
Indusind Bank, |
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Facilities : |
-- |
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Banking Relations
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-- |
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Auditors : |
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Name : |
Not Available |
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Associates/Subsidiaries : |
Padmavathi Cotton Corporation Address : No. 18(Old No. 216), Tel. No.: 91-422-2553117 / 2550473 Fax. No.: 91-422-2550481 Line of Business : Padmavathi Cotton Corporation (PADCOT) was founded in 1967 Primarily
with objective to serve the domestic textile industry with supply of Indian
raw Cotton. Since then, PADCOT come a long way in the Cotton business. Today, PADCOT represents among the TOP FIVE ICS Merchants to market
Imported growths in |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Divulged |
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Borrowed : |
-- |
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Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2010 |
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Sales Turnover (Approximately) |
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3500.000 |
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LOCAL AGENCY FURTHER INFORMATION
PROFILE :
This is a proprietorship firm owned by Mrs. Anysuya Devi Sharma. Now it
is a part of Padmavathi Cotton Corporation of
First a word about Padmavathi cotton Corporation the parent company -
Padmavaathi Cotton Corporation ( PADCOT ) was founded in 1967 primarily
with objective to serve the domestic textile industry with supply of Indian raw
cotton. Since then, PADCOT has come a long way in the cotton business.
Today, PADCOT represents among the TOP FIVE CA Merchants to market
Imported growths in
PADCOT has its head office in Coimbatoie (Tamilnadu) and 4 fully
operational branch offices in Ahmedabad
(Gujarat),
PADCOT is also fully involved in Exports of Indian Raw Cotton
representing corporate shippers of Indian raw cotton. These shippers are fully
committed to quality and ethics of cotton trade. PADCOT Also sources Indian raw
cotton for some of the well known CA Merchants.
Now about Anuj Agro Global
Subject is a branch of Padmavoathi Cotton Corporation dealing specifically
in Grains, Seeds for Sowing Purpose, Oil Seeds and its derivatives started in
2005.
Anuj specilizes in supply of Yellow Corn(Maize) Barley, Sorghum, Pearl
Millets. These products are sourced by us from the most prominent of Indian
exporters handling large volumes of business on both Containerized shipments
and bulk shipments.
ANUJ looks over the quality of shipments with the assistance of large
workforce dedicated to check quality of shipments either at port of loading or
sellers’ warehouses. They also assist large International companies in sourcing
these products with assistance of various offices that they have set up at
different regions of
ANUJ also represents the best of Indian and International companies for
marketing of Indian seeds for sowing purpose. Seeds such as Sunflower Seeds,
Sorghum Seeds, Maize Seeds and Pearl Millet Seeds are their strength. These seeds are sourced from
manufacturers who have uncompromised and large facilities producing best
quality of seeds through research and program.
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] 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. 45.18 |
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1 |
Rs. 73.04 |
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Euro |
1 |
Rs. 61.43 |
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 |
6 |
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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 |
6 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
6 |
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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 |
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 |
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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 |
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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- |
NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.