1. Summary Information
|
|
|
Country |
India |
|
Company Name |
AGRIEXPO |
Principal Name 1 |
Mr. V. P. Rajkumar |
|
Status |
Small concern |
Principal Name 2 |
-- |
|
|
|
Registration # |
-- |
|
Street Address |
5/464, 5th
Block, Mogappair East, Chennai – 600037, Tamilnadu, India |
||
|
Established year |
2008 |
SIC Code |
-- |
|
Telephone# |
91-44-43550264 |
Business Style 1 |
Exporter |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Black Pepper |
|
# of employees |
Not Divulged |
Product Name 2 |
Fenugreek Seeds |
|
Paid up capital |
Not Divulged |
Product Name 3 |
Cumin Seeds |
|
Shareholders |
NO |
Banking |
ICICI Bank |
|
Public Limited Corp. |
NO |
Business Period |
4 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(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 |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
Not Divulged |
Net Profit |
-- |
|
Sales(Previous yr) |
Not Divulged |
Net Profit(Prev.yr) |
-- |
|
Report Date : |
28.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
AGRIEXPO |
|
|
|
|
Registered
Office : |
5/464, 5th Block, Mogappair East, Chennai – 600037,
Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Year of
Establishment : |
2008 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Exporter of Black Pepper, Fenugreek Seeds, Cumin Seeds, Mustard Seeds,
Cashew Nut, Cloves, Tamarind, Dehydrated Onion Powder, Nature White Sesame
Seeds, HMS Steel, Cement. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small proprietory concern in its field. Its scale of
activities are finite. Mr. Raj Kumar, the proprietor denied to disclose any financial details
and has provided few general information. Trade relations are reported as fair. Business is active. Payments
terms are unknown. The concern can be considered for small 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 – 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
|
Name : |
Mr. V. P. Rajkumar |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9841583340 |
|
Date : |
27.08.2012 |
LOCATIONS
|
Registered Office : |
5/464, 5th Block, Mogappair East, Chennai – 600037,
Tamilnadu, India |
|
Tel. No.: |
91-44-43550264 |
|
Mobile No.: |
91-9841583340 (Mr. V. P. Rajkumar) |
|
Fax No.: |
Not Available |
|
E-Mail : |
SOLE PROPRIETOR
|
Name : |
Mr. V. P. Rajkumar |
|
Designation : |
Proprietor |
BUSINESS DETAILS
|
Line of Business : |
Exporter of Black Pepper, Fenugreek Seeds, Cumin Seeds, Mustard Seeds,
Cashew Nut, Cloves, Tamarind, Dehydrated Onion Powder, Nature White Sesame
Seeds, HMS Steel, Cement. |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Credit (30 Days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|
|
|
|
No. of Employees : |
Information declined by the management. |
|
|
|
|
Bankers : |
ICICI Bank, Mogappair, Chennai – 600037, Tamilnadu, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Divulged |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
The above information has been declined by Mr. V. P. Rajkumar.
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
No |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
No |
|
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 |
No |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
No |
|
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 |
WEBSITE DETAILS:
PROFILE
This is a proprietorship firm started in the year 2008 by Mr. V P Rajkumar. Mr. Rajkumar was a Government employee for a long time and then after retirement has started this firm. He was in the commercial department of the government and hence has had some experience in the field of exports. He is operating from his residence at Mogappair. The residence is a small apartment in a congested block of flats. Mogappair is a fast developing residential neighborhood in North western Chennai. This place is located west of the Jawaharlal Nehru Road or the Inner ring road and is part of the Ambattur zone of the Chennai corporation. There are industrial estates to the north and west namely Padi, Ambattur, Mannurpet.
Mr. Raj Kumar runs a one man show here from his residence. He has registered himself on two or three B2B portals and when there are inquiries he arranges for the stock and dispatches of the goods himself. These activities are all outsourced. He thus makes a profit out of the export. He knows a lot of wholesale suppliers of condiments and agro products in Chennai by virtue of his Government job and puts those contacts to use for his export activities.
He is a member of Tradekeyindia. Trade key is a trade point for buyers and sellers helping them to conduct business over internet without any mediator. It helps buyers and sellers to locate each other, share information and transact business directly. Many of the orders that he gets are through this portal. He is also a member of Bloombiz.com another B2B portal that is active in Europe and India.
When we met him, he explained to us that he has been receiving some orders recently from China and that he has not shipped them yet. He is not very fluent in English and did not seem to have any sound financial standing. He is more of an agent that sees enquiries over the business portal on line and if he can source the materials makes his offer. Sometimes he acts as an agent giving the orders to other direct exporters. He does not have an office nor does he have any storage facilities. He is a middle man who sources his materials and arranges for export. He says that he has an Import Export code given by the Government of India, but when the undersigned asked him for the number or to see the certificate, he said he will not be able to show without any firm orders on him.
There is no way to assess the financial strength of the firm. Caution advised in all dealings with him. No financial dealings recommended at all. Orders may be placed against LCs or documents through bank. Inspection of goods prior to dispatch may be arranged with agents in Chennai.
A small time one man show. Caution advised in all dealings with him.
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.55.59 |
|
|
1 |
Rs.87.87 |
|
Euro |
1 |
Rs.69.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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.