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Report Date : |
06.04.2012 |
IDENTIFICATION DETAILS
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Name : |
PROLINE OVERSEAS |
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Registered
Office : |
127, Indra Market, Old Sabzi Mandi, |
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Country : |
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Year of
Establishment: |
1999 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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|
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Trader, Exporter and Importer of Seeds. |
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No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established proprietory concern having moderate track.
The proprietor Mr. Surrender Arora provided to us the general information but
denied to disclose financial details. Trade relations are reported as fair.
Business is active. Payments are unknown. The concern can be considered for business dealings with some caution.
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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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 (General Details)
|
Name : |
Mr. Surrender Arora |
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Designation : |
Proprietor |
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Contact No.: |
91-9810128119 |
|
Date : |
05.04.2012 |
LOCATIONS
|
Registered Office : |
127, Indra Market, Old Sabzi Mandi, |
|
Tel. No.: |
91-11-47060991/ 2 / 3/ 23824335/ 23821415/ 27304431/ 23824333 |
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Mobile No.: |
91-9810128119 (Mr. Surrender Arora) |
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Fax No.: |
91-11-27304431/ 27234680 |
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E-Mail : |
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Website : |
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Area : |
600 sq. ft. |
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Location : |
Owned |
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Corporate Office : |
D-1/1A, 1st Floor, Ranapratap Baugh, |
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Processing Factory : |
Off Proline Seeds Company |
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Tel. No.: |
91-1682-220074 |
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Area : |
2 Acre |
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Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Surrender Arora |
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Designation : |
Proprietor |
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Date of Birth/Age : |
51 years |
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Qualification : |
Graduate |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and importer of Seeds. |
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|
|
|
Products : |
v
Vegetable Seeds : Tomato, Brinjal, Chilly, Carrot
Pusa Keshar, Cabbage, Knolkhol, Radish, Full red Radish, Spinach, Tinda, Bhindi,
Onion seed Carrot, Early Nantes, Beet Root D.D.R.Turnip, Bottle Gourd, Bitter
Gourd, Coriender etc. v
Cerals : Sorghum v
Fodder Seeds : Barseem Seeds, Lucern Seeds and
Multicut Bajra v
Certified Seeds : Wheat, Paddy, Moong, Urad,
Mustard, Toria, Soyabean and Beans etc. v
Potato Certified Seeds : Kufri Jyoti, Kufri
Sinduri and Kufri Bahar |
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Brand Names : |
PROLINE |
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Exports : |
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Products : |
Seeds |
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Countries : |
·
·
·
·
·
·
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
·
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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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Customers : |
Manufacturer |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
Axis Bank, Karol Bagh, |
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Banking
Relations : |
-- |
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Auditors : |
|
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Name : |
S. K. Manglani and Company Chartered Accountants |
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Associates/Subsidiaries : |
Proline Seeds
Company India Private Limited CIN : U01119PB1995PTC016103 Registered on : 27.03.1995 Registered Office : Old Grain Market, Moga, District Faridkot, Processing Factory : Authorised Capital : Rs.1.000 millions Paid up capital : Rs.1.000 million Activities : Engaged in production and marketing of : v
Vegetable seeds : tomato, brinjal, chilly, carrot
pusa keshar, cabbage, Knolkhol, Radish, Full red Radish, Spinach, Tinda,
Bhindi, Onion seed Carrot, Early Nantes, Beet Root D.D.R.Turnip, Bottle
Gourd, Bitter Gourd, Coriender etc. v
Cerals : Sorghum v
Fodder Seeds : Barseem Seeds, Lucern Seeds and
Multicut Bajra v
Certified Seeds : Wheat, Paddy, Moong, Urad,
Mustard, Toria, Soyabean and Beans etc. v
Potato Certified Seeds : Kufri Jyoti, Kufri
Sinduri and Kufri Bahar Banker : Central Bank of Ajanta Seeds
Corporation Sales Turnover : Rs.100.000 millions (For Private Limited Company +
Ajanta Seeds Corporation) Employees : 30 (For Private Limited Company + Ajanta Seeds
Corporation) |
CAPITAL STRUCTURE
As on 31.03.2011
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Capital Investment : |
|
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Owned : |
Not Divulged |
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Borrowed : |
Not Divulged |
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Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Divulged
The above information has been declined by Mr. Surrender Arora
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
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Year of Establishment |
Yes |
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Locality of the Firm |
Yes |
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Constitution of the Firm |
Yes |
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Premises details |
Yes |
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Type of Business |
Yes |
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Line of Business |
Yes |
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Promoter’s Background |
----- |
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No. of Employees |
Yes |
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Name of Person Contacted |
Yes |
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Designation of Contact person |
Yes |
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Turnover of Firm for last three years |
No |
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Profitability for last three years |
No |
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Reasons for variation <> 20% |
----- |
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Estimation for coming financial year |
No |
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Capital in the business |
No |
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Details of sister concerns |
Yes |
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Major Suppliers |
----- |
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Major Customers |
----- |
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Payments Terms |
Yes |
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Export/ Imports Details (If applicable) |
Yes |
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Market Information |
----- |
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Litigations that the firm/ Promoters Involved in |
----- |
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Banking details |
Yes |
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Banking Facility Details |
----- |
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Conduct of the Banking Account |
----- |
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Buyer visit details |
----- |
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Financials, if provided |
No |
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Incorporation details is applicable |
----- |
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Last Accounts filed at ROC |
----- |
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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.51.05 |
|
|
1 |
Rs.81.09 |
|
Euro |
1 |
Rs.67.39 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
|
TOTAL |
|
29 |
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.