MIRA
INFORM REPORT
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Report Date : |
16.11.2011 |
IDENTIFICATION DETAILS
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Name : |
ARU IMPEX |
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Registered
Office : |
R-402, Plot-17, Sector-30, Kharghar, Navi Mumbai – 410210, Maharashtra |
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Country : |
India |
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Year of
Establishment : |
2011 |
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Capital
Investment / Paid-up Capital : |
Rs. 10.000 Millions |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Trader, Exporter and Importer of Agro Products, Spices, Rice, Black
Paper, Garments, Charcoal, Shirts, T-Shirts, Jeans, Trousers. |
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No. of Employees
: |
3 (approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Maximum Credit Limit : |
--- |
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Status : |
New Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new proprietory concern and yet to complete its one full
year of operation. Business is active. Payments are unknown. The concern can be considered for business dealings with some caution. |
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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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India |
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. Arvind Bhandari |
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Designation : |
Proprietor |
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Contact No.: |
91-9987097038 |
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Date : |
10.11.2011 |
LOCATIONS
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Registered Office/Warehouse : |
R-402, Plot-17, Sector-30, Kharghar, Navi Mumbai – 410210,
Maharashtra, India |
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Tel. No.: |
91-22-240129153 |
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Mobile No.: |
91-9987097038 (Mr. Arvind Bhandari) |
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Fax No.: |
91-22-240129155 |
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E-Mail : |
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Website : |
SOLE PROPRIETOR
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Name : |
Mr. Arvind Bhandari |
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Designation : |
Proprietor |
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Date of Birth/Age : |
32 years |
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Qualification : |
Graduate |
BUSINESS DETAILS
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Line of Business : |
Trader, Exporter and Importer of Agro Products, Spices, Rice, Black
Paper, Garments, Charcoal, Shirts, T-Shirts, Jeans, Trousers. |
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Exports : |
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Products : |
·
Spices ·
Rice ·
Black Paper ·
Charcoal |
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Countries : |
·
All over the world |
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Imports : |
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Products : |
·
Chemicals |
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Countries : |
·
China |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C |
GENERAL INFORMATION
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Suppliers : |
·
Tanvi Polymers |
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Customers : |
·
Wholesalers ·
Retailers |
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No. of Employees : |
3 (approximately) |
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Bankers : |
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IDBI Bank, Mumbai |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mr. Santosh Sharma Chartered Accountant |
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Address : |
Mumbai, Maharashtra, India |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 10.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 10.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Business Activity Started From October 2011
Expected Sales (2011-2012) : Rs. 5.000 Millions
The above information has been parted by (Mr. Arvind Bhandari - Proprietor)
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
Trade References
·
Tanvi Polymers
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter's background |
---------------------- |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact
person |
Yes |
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11) Turnover of firm for last
three years |
No |
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12) Profitability for last
three years |
No |
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13) Reasons for variation
<> 20% |
No |
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14) Estimation for coming
financial year |
Yes |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
No |
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17) Major suppliers |
Yes |
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18) Major customers |
No |
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19) Payments terms |
Yes |
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20) Export / Import details
(if applicable) |
Yes |
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21) Market information |
---------------------- |
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22) Litigations that the firm
/ promoter involved in |
---------------------- |
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23) Banking Details |
Yes |
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24) Banking facility details |
No |
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25) Conduct of the banking
account |
---------------------- |
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26) Buyer visit details |
---------------------- |
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27) Financials, if provided |
No |
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28) Incorporation details, if
applicable |
---------------------- |
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29) Last accounts filed at ROC |
---------------------- |
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30) Major Shareholders, if
available |
---------------------- |
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.50.90 |
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|
1 |
Rs.80.30 |
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Euro |
1 |
Rs.68.47 |
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.