MIRA
INFORM REPORT
|
Report Date : |
24.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
ANGRIAN INTEGRATED |
|
|
|
|
Registered
Office : |
No.2-B, 1233, 18th Main Road, Anna Nagar West, Chennai –
600040, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Year of
Estblishment : |
2012 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Available |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Supplier and Trader of Base Oil and Other Petroleum Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Status : |
New Concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new proprietory concern and yet to established itself
gradually. Business is active. Payments are unknown. The concern can be considered for business dealings on a secured 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Roshan Kurian |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9840205353 |
|
Date : |
16.01.2012 |
LOCATIONS
|
Registered Office : |
No.2-B, 1233, 18th Main Road, Anna Nagar West, Chennai –
600040, Tamilnadu, India |
|
Tel. No.: |
No landline as yet |
|
Mobile No.: |
91-9840205353 |
|
Fax No.: |
No fax as yet |
|
E-Mail : |
SOLE PROPRIETOR
|
Name : |
Mr. Roshan Kurian |
|
Designation : |
Proprietor |
BUSINESS DETAILS
|
Line of Business : |
Supplier and Trader of Base Oil and Other Petroleum Products. |
|
|
|
|
Imports : |
|
|
Products : |
Base Oil and Other Petroleum Products |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Credit (30 days) |
|
|
|
|
Purchasing : |
L/C |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
HDFC Bank, Chennai, Tamilnadu, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
CAPITAL STRUCTURE
(AS ON 31.03.2011)
|
Capital Investment : |
|
|
Owned : |
Not Available |
|
Borrowed : |
Not Available |
|
Total : |
Not Available |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW CONCERN
Expected Sales (2012): Rs.5.000 Millions
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
LOCAL AGENCY FURTHER INFORMATION
PROFILE:
This is a, proprietorship firm started by Mr. Roshan Kurian. His background is in Information technology. He has friends who deal in Base oils and Agricultural implements and decided to try his hand in trading these two items. He started this firm in 2012. The firm not even a month old and is yet to take off. He has registered himself with the Small scale industries department of the Government of Tamilnadu. He has applied for IE code and TIN, but has not got it as yet. He has not even executed the first order as yet. He proposes to import base oil and trade in agricultural implements from importers.
His bankers are HDFC Bank, Chennai and he expects to do a turnover of Rs.5.000 Millions in the year 2012. If this inquiry is from Trade India please note the following:
· He handed a list of agricultural implements to be added to his product list which has not been done
· He has given a separate URL for his firm which has not been added
· He was promised that a staff from Trade India will come and train him as to how to process orders thru the website which has not been done
If this inquiry is from any other buyer p1 free to call Mr. Kurian on the mobile any time of the day or email him.
A small firm that has vet to take off.
PRODUCTS
They are importers of different petroleum products in India from UAE, Iran, Russia, Korea, Singapore, USA and Europe. The import and supply the base oils and other petroleum products to ships on high seas. The products they deal are
· Petroleum products like Group I and II Virgin Base oil (SN 500, SN15O, BS 150) (N70, N150, N 500, RPO, Grease, Fuel oil, LDO, FO, Bitumen, Solvents, While oil etc.
· Agricultural implements. They buy these from importers and trade them all over India.
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.50.33 |
|
|
1 |
Rs.77.97 |
|
Euro |
1 |
Rs.65.31 |
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.