Business
information report
1. Summary Information
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|
|
Country |
India |
|
Company Name |
VASANTH AND COMPANY |
Principal Name 1 |
Mr. H Vasanthakumar |
|
Status |
Good |
Principal Name 2 |
-- |
|
|
|
Registration # |
-- |
|
Street Address |
No. 18, Railway Border Road, Saidapet, Chennai-600015, Tamilnadu |
||
|
Established Date |
1978 |
SIC Code |
-- |
|
Telephone# |
91-44-24339839 |
Business Style 1 |
Trader of Electronics and Home Appliances |
|
Fax # |
91-44-24334707 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
Approximately 480 (In Office) |
Product Name 2 |
-- |
|
Paid up capital |
-- |
Product Name 3 |
-- |
|
Shareholders |
-- |
Banking |
Indian Bank |
|
Public Limited Corp. |
-- |
Business Period |
33 years |
|
IPO |
-- |
International Ins. |
- |
|
Public |
-- |
Rating |
A (61) |
|
Related
Company |
|||
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Relation
|
-- |
Company
Name |
-- |
|
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 |
5,000,000,000 |
Net Profit |
-- |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
MIRA INFORM
REPORT
|
Report Date : |
08.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
VASANTH AND COMPANY |
|
|
|
|
Registered
Office : |
No. 18, Railway Border Road, Saidapet, Chennai-600015, Tamilnadu |
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|
Country : |
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|
|
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Financials (as
on) : |
31.03.2011 |
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Year of
Establishment : |
1978 |
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|
|
|
Capital
Investment/ Paid-up Capital: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEV02226A |
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|
|
|
Legal Form : |
Sole Proprietory Concern |
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|
|
|
Line of Business
: |
Trader of Electronics and Home Appliances. |
|
|
|
|
No. of
Employees: |
Approximately 480 (In Office) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (61) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
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Litigation : |
Clear |
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Comments : |
Subject is old and well established proprietory concern having fine
track. The proprietor Mr. H Vasanthakumar is the Tamilnadu Congress Committee
General Secretary. Trade relations are reported as fair. Business is active.
Payments are reported to be correct and as per commitments. The concern can b 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
|
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 DECLINED BY
|
Name : |
Mr. Jairaj |
|
Designation : |
Accountant |
|
Contact No.: |
91-9840396091 |
LOCATIONS
|
Registered Office : |
No. 18, |
|
Tel. No.: |
91-44-24339839 |
|
Mobile No.: |
91-9840033352 (Mr. Vijay Kumar) |
|
Fax No.: |
91-44-24334707 |
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E-Mail : |
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|
Area : |
3500 sq.ft |
|
Location : |
Owned |
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|
|
|
Showrooms : |
Vasanth and
Company Tel No.
91-23266249 Vasanth and
Company 8, Main Road, Pallavaram Tel No.
91-22641069 Vasanth and
Company 15, South Usman
Road, T Nagar, Chennai-600017 Tel No.
91-24345437 Vasanth and
Company 108, Kutcheri
Road, Mylapore, Chennai-600004 Tel No.
91-24616792 Vasanth and
Company 20, Arcot Road, Kodambakkam,
Chennai – 600024 Tel No.
91-24800709 Vasanth and
Company 35, Arcot Road,
Chennai 600026 Tel No. :
91-24800709 Vasanth and
Company 4, Padmanabha
Nagar, Adyar, Chennai 600020 Tel No.
91-24915825 Vasanth and
Company 11, Padmanatha
Nagar, Adyar, Chennai 600020 Tel. No. :
91-24915828 Vasanth and
Company 113, Kutchery
Road, Mylapore, Chennai 600004, Tel No.
91-24980148 Vasanth and
Company T H Road,
Washermanpet, Chennai – 600021 Tel No. 91
25952861 Vasanth and
Company 874, MTH Road,
Padi, Chennai- 600050, Tel No. 91
26243593 Vasanth and
Company 191, Puraswallkam
High Road, Puraswalkkam, Chennai 600007 Tel No. 91
26422059 Vasanth and
Company 67 Valluvar
Kottam Salai, Chennai 600034, Tel No. 91
28216253 Vasanth and
Company 37/1, North Usman
Road, T Nagar, Chennai Tel No. 91
283440312 Vasanth and
Company 45, AN Usman
Road, Chennai 600017 Tel. No. :
91-24344767 Vasanth and
Company Poonamalee High
Road, Kielpauk, Chennai 600010 Vasanth and
Company 21,22
Hanmugalingam Road, Tambaram, Chennai 600045 Tel. No. :
91-22266249 Vasanth and
Company 63, MTH Road,
Padi, Chennai 600050 Tel No. :
91-26243593 Vasanth and
Company 67, Mannarsamy
Koil, Royapuram, Chennai 600013 Tel. No. :
91-25952435 Vasanth and
Company 1033 TH Road,
Washermanpet, Chennai 600021 Tel. No. :
91-25952861 Vasanth and
Company 13/1, Nelson
Manikam Road, Cholaimedu, Chennai 600094 Te. No. :
91-23745823 Vasanth and
Company 7, Arcot Road,
Purur, Chennai 600116 Tel. No. :
91-23860770 Apart from this
they have show rooms in other suburbs and in almost every south v
v
v
v
v
Kanchipuram v
Tiruvelveli v
Tuticorin v
Nagercoil v
Virudhunagar v
Pollachi v
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Branches : |
48 Branches All
over Located at:
|
SOLE PROPRIETOR
|
Name : |
Mr. H Vasanthakumar |
|
Designation : |
Proprietor |
|
Date of Birth/ Age: |
64 Years |
|
Qualification: |
MA |
|
Other Information: |
(He is the Tamilnadu
Congress committee general secretary. He Stood for the Mayor of Madras
election and lost to Mr M K Stalin, son of Mr K Karunanidhi. He has been with
the Congress Party in India for over 25 years and was a staunch supporter of
the late Mrs Indira Gandhi and now Mrs Sonia Gandhi. In fac his whole family
has sworn allegiance to the ruling party in |
KEY EXECUTIVES
|
Name : |
Mr. Vijay Kumar |
|
Designation : |
Son of Proprietor |
|
Contact No.: |
91-9840033352 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Electronics and Home Appliances. |
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Agencies Held : |
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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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Customers : |
|
|
|
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No. of Employees : |
Approximately 480 (In Office) |
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|
|
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Bankers : |
Indian Bank, T Nagar Branch, Chennai |
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|
|
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Facilities: |
Although concern enjoys substantial facilities but it never uses it. |
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Banking
Relations : |
-- |
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|
|
Auditors : |
Not Divulged |
CAPITAL STRUCTURE
Not Divulged
Note:
Assets of Family declared in last election in 2011 – Rs. 1270.000
millions.
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
5000.000 |
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:
- LG
- Samsung
- Philips
- Whirlpool
AS PER WEBSITE
DETAILS
PROFILE:
Subject is a premium chain dealer of consumer electronics,
home appliances and mobile phones having base in
Subject was established by honorable Indian entrepreneur and Tamil Nadu
Government Member of Legislative Assembly (MLA) Mr. H. VasanthaKumar. He is a
famous personality in the Indian political and entrepreneur space. Mr.
Vasanthakumar was born in Kanyakumari District in Tamil Nadu,
About Vasanthandcoinfo.com
Vasanthandcoinfo.com has no relationship with company Vasanth and Co Private Limited. They are information providers who offer information about company Vasanth and Co
Private Limited, and help people in finding authentic
data in internet.
Products
Subject has wide range of products. The product base ranges from small
house hold appliances to higher end electronics and branded items. Vasanth and
co are the dealers of various worldwide brand companies like LG, Samsung, Sony,
Philips, Sharp, Whirlpool and much more. Products list
extends to washing machine, television(tv), fridge, mobile phones, DVD players, plasma tv, air
conditioners, microwave etc.,
|
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
Yes |
|
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 one years |
Yes |
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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 |
No |
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15) Capital in the business |
No |
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16) Details of sister concerns |
No |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
Yes |
|
20) Export / Import details (if
applicable) |
-- |
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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 |
|
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.49.14 |
|
|
1 |
Rs.75.97 |
|
Euro |
1 |
Rs.65.99 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
61 |
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.