|
Report Date : |
16.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
MACRO MARKETING |
|
|
|
|
Registered
Office : |
No. 26, Seevaram 2nd Street, Seevaram,
Perungudi, Chennai - 600096, Tamilnadu |
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Country : |
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Year of
establishment : |
1996 |
|
|
|
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Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
TIN No.: |
33390802261 |
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|
|
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CST No.: |
700055/1.4.2002 |
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|
|
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PAN No.: [Permanent Account No.] |
ADYPA7506M |
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Legal Form : |
Sole Proprietory Concern |
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|
|
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Line of Business
: |
Manufacturer, Suppliers Traders and Wholesaler of Hand Gloves, Foot Protection
Products, Respiratory Devices, Head Protection Products and Eye Protection
Wear. |
|
|
|
|
No. of Employees
: |
6 (Approximately) (In Sales = 4 and In Office = 2) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established proprietor concern having satisfactory track
records. 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 for 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. A. Arul Kumar |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9381032138 |
|
Date : |
11.08.2012 |
LOCATIONS
|
Registered Office / Factory / admin
office: |
No. 26, Seevaram 2nd Street, Seevaram,
Perungudi, Chennai - 600096, Tamilnadu, India |
|
Tel. No.: |
91-44-32570477 / 32570377 |
|
Mobile No.: |
91-9381032138 (Mr. A. Arul Kumar) |
|
Fax No.: |
91-44-24910910 |
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E-Mail : |
|
|
Website : |
|
|
Area : |
400 Sq. ft |
SOLE PROPRIETOR
|
Name : |
Mr. A. Arul Kumar |
|
Designation : |
Proprietor |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Suppliers Traders and Wholesaler of Hand Gloves, Foot
Protection Products, Respiratory Devices, Head Protection Products and Eye
Protection Wear. |
|
|
|
|
Products : |
· Hand Gloves: Cotton Knitted Gloves, Cotton Drill Gloves, Banian Glove Single and Double Layer, Leather Gloves, PVC Dotted Gloves, Surgical and Post Mortem Gloves, Woolen Gloves (For Cold Storage), etc. · Foot Protection Products: Water Proof Shoes, Leather Upper Safety With Steel Toe Cap and Sole in PVC, Nitrile, Rubber (Acid Proof) Leather or Electrical Grade, PVC and Rubber Snow Ankle Button Boots, Leg Guards, Rubber Gumboots in Glazed and Dull Finish (Acid Proof), Asbestos Upper Heat Resistance Boots, Asbestos Knee Shoes With Leather Lining and Sole, Disposable and Rewashable Shoe Covers, etc. · Respiratory Devices: Dust Blankets in Rubber and PVC, Disposable Paper Mask With Nose Clip, Cup Type Dust Mask With and Without Net Reinforcement, Cup Type Mask With Exhalation Value For Toxic and Micro Dust, Smoke, Fumes and Mist, Light Fume Mask, 3M Birla Chemical Cartridge Mask and Dust Mask, Gas Mask with Canister, Air Line Respirator With Waist Belt Cum Regulator and Filter, Self Contained Breathing Apparatus, Powered Respirators, etc. · Head Protection Products: HDPE Helmet With Cottong Chin Strap, HDPE Helmet Nape Type Inner Plastic Head Ban, Fibre Glass Helmet, Steel Helmet, Fireman's Helmet, Sand Blasting Helmet, Leather Hood With Visor, Asbestos Hood With Visor (Heat Proof), PVC Hood With Visor (Acid Proof), All types of O Caps. · Eye Protection Wear: Protective Eye Wear, Safety Glasses And Goggles, Shields and Helmets, Rubber Goggles, Flip Up Goggles, etc. · Miscellaneous Safety Items: Hand Sleeves, Aprons, Suits and Overalls, Ear Muffs and Plugs, Blankets and Burn Wraps, Fire Extinguishers and Hydrants, First Aid Materials, Drench Showers, Rope Ladders and Nets, Wind Socks, Safety and Cautionary Signs, Traffic Barriers, Hand Cleansers and Barriers, Static Control Products, Clean Room Consumables, Disposables Protective Products, General Work Wear Garments, Anti Static Work Wear Garments, etc. |
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|
|
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Terms : |
|
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Selling : |
Credit (30 Days) |
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|
|
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Purchasing : |
Credit (30 Days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
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|
|
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No. of Employees : |
6 (Approximately) (In Sales = 4 and In Office = 2) |
|
|
|
|
Bankers : |
The Karnataka Bank, Besant Nagar Branch, Chennai – 600090, Tamilnadu,
India |
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|
|
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Facilities : |
Overdraft Rs.0.600 Million against his deposit of Rs.0.800 Million
(From The Karnataka Bank) |
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|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
-- |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
12.500 |
The above information has been parted by Mr. A. Arul Kumar
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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) |
|
6] |
Line of Business |
(Yes) |
|
7] |
Promoter's background |
(No) |
|
8] |
No. of employees |
(Yes) |
|
9] |
Name of person contacted |
(Yes) |
|
10] |
Designation of contact person |
(Yes) |
|
11] |
Turnover of firm for last one year |
(Yes) |
|
12] |
Profitability for last three years |
(No) |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
(No) |
|
15] |
Capital in the business |
(No) |
|
16] |
Details of sister concerns |
(No) |
|
17] |
Major suppliers |
(No) |
|
18] |
Major customers |
(No) |
|
19] |
Payments terms |
(Yes) |
|
20] |
Export / Import details (if applicable) |
(No) |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
(Yes) |
|
24] |
Banking facility details |
(Yes) |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
(Yes) |
|
27] |
Financials, if provided |
(Yes) |
|
28] |
Incorporation details, if applicable |
(No) |
|
29] |
Last accounts filed at ROC |
(No) |
|
30] |
Major Shareholders, if available |
(No) |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
(No) |
|
32] |
PAN of Proprietor/Partner/Director, if available |
(No) |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
(No) |
|
34] |
External Agency Rating, if available |
(No) |
|
OBSERVATION POINTS |
|
|
Name of Name Board : |
Sighted |
|
Visibility of Name Board : |
High |
|
Location : |
Easy |
|
Landmark (if any) : |
Thoripakkam bus Stand |
|
Locality : |
Residential |
|
Area : |
Down Market |
|
Visibility of Items : |
· Tel · Fax · Computer · AC · Xerox Machine |
|
Furniture Items Sighted : |
Computer, Warehouse Racks |
|
Office Appearance : |
Conservative and Cheap |
|
Sister Concern : |
Nil |
Profile
This is proprietorship firm started in the year 1996 by Mr. Ami Khumar. Mr. Ami Khumar hails from a family of agriculturists and was farming his lands till 1994. He accidentally met a person who was engaged in the sales of surgical gloves and helped him to sell a large quantity of stock accumulated over the years. When the stock finished his friends closed business and Ami Khumar was left with nothing to do. Meanwhile his clients started ordering more of the gloves and Mr. Arul Khumar was compelled to procure them and supply. Thus he himself started this business and later on added a lot of safety products to his product profile. At present he has about 125 items - all of them protective gear against fire, medical precaution, industrial chemicals and any other industrial hazard.
His registered office is in Mylapore and his factory cum godown is in Perungudi. Right now there are no manufacturing activities, but assembling, repacking and sorting of products takes place here. He employs about 4 sales staff and 2 office staff. The office that they visited is his office in Perungudi. The building is owned by him. It is a single storied building. The ground floor has one office room for the proprietor and one warehouse. The total area of the ground floor will be 400 sq.ft. The office has.a table and 2 chairs with a computer and the warehouse has racks fitted on the wall for storage of products.
They are a leading manufacturer, exporter, supplier, wholesaler/distributor and trader of Hand Gloves, Foot Protection Products, Respiratory Devices, Head Protection Products, Eye Protection Wear and Miscellaneous Safety Items such as Hand Sleeves, Aprons, Suits and Overalls, Ear Muffs and Plugs, Blankets and Burn Wraps, Fire Extinguishers and Hydrants, First Aid Materials, Drench Showers, Rope Ladders and Nets, Wind Socks, Safety and Cautionary Signs, etc.
Mr. Arul first procures the orders from entire Tamilnadu. He then places the orders to dealers mostly in Mumbai for the materials. The materials are imported by the suppliers and sent to Mr. Arul who in turn bills them to his clients. Though he deals in a lot of foreign brands he does not directly import the materials. He only procures them from different parts of the country and bills them to his clients.
His annual turnover is about 12.500 Millions and his bankers are Karnataka Bank, Besant Nagar Branch, Chennai 600090. There is no way to assess the financial strength of the firm, so caution advised in all financial dealings with them. The building he showed us is worth about 75 lakhs and he says the building is his own.
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.55.64 |
|
|
1 |
Rs.87.31 |
|
Euro |
1 |
Rs.68.81 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
42 |
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.