1. Summary Information
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Country |
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Company Name |
ARIHANT
ELECTRICALS |
Principal Name 1 |
Mr. Amit Jain |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Binu Jain |
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|
|
Registration # |
-- |
|
Street Address |
24/ 4866 Harbans Singh Street, Ansari
Road, Darya Ganj, New Delhi – 110002 |
||
|
Established Date |
12.04.1986 |
SIC Code |
-- |
|
Telephone# |
91-11-23262176 / 23269011 / 23274427 |
Business Style 1 |
Trader, Dealer and
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|
Fax # |
91-11-23273554 |
Business Style 2 |
Exporter |
|
Homepage |
-- |
Product Name 1 |
Electric and
Electronic Components |
|
# of employees |
55
(Approximately) |
Product Name 2 |
Devices. |
|
Paid up capital |
-- |
Product Name 3 |
-- |
|
Shareholders |
-- |
Banking |
HDFC Bank
Limited |
|
Public Limited Corp. |
-- |
Business Period |
26 years |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
Ba
(50) |
|
Related
Company |
|||
|
Relation
Associates/Subsidiaries |
Country
India |
Company
Name |
Arihant Systems and Electricals Private Limited |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
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Assets |
Liabilities |
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Current Assets |
-- |
Current Liabilities |
-- |
|
Inventories |
-- |
Long-term Liabilities |
-- |
|
Fixed Assets |
-- |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
-- |
|
Invest& other Assets |
-- |
Retained Earnings |
-- |
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|
|
Net Worth |
-- |
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Total Assets |
-- |
Total Liab. & Equity |
-- |
|
Total Assets (Previous Year) |
-- |
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|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
700,000,000 |
Net Profit |
-- |
|
Sales(Previous yr) |
648,400,000 |
Net Profit(Prev.yr) |
-- |
|
Report Date : |
07.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
ARIHANT ELECTRICALS |
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|
|
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Registered
Office : |
24/ 4866 Harbans Singh
Street, Ansari Road, Darya Ganj, New Delhi – 110002 |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
12.04.1986 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA13210B |
|
|
|
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PAN No.: [Permanent Account No.] |
AAAFA2753N |
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|
|
Legal Form : |
Partnership
concern with an unlimited liability of the partners |
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Line of Business
: |
Trader, Dealer and
Exporter of Electric and Electronic Components and Devices. |
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No. of Employees
: |
55 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 460000 |
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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 partnership concern having satisfactory track. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. Concern can be
considered normal 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 – 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 |
|
Insignificant |
A1 |
|
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
|
Name : |
Mr. Govind |
|
Designation : |
Accountant |
|
Contact No.: |
91-9810881305 |
|
Date : |
06.07.2012 |
LOCATIONS
|
Registered
Office/Factory : |
24/ 4866 Harbans
Singh Street, Ansari Road, Darya Ganj, New Delhi – 110002, India |
|
Tel. No.: |
91-11-23262176 /
23269011 / 23274427 |
|
Mobile No.: |
91-9810881305 (Mr. Govind) |
|
Fax No.: |
91-11-23273554 /
23256918 |
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E-Mail : |
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Website : |
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Area : |
1200 Sq. ft |
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Location : |
Owned |
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Representative
at: |
Located at: ·
·
Mumbai ·
Kolkata ·
·
·
·
·
Chennai ·
Pune. |
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Branch Offices
: |
Located at : Ø
Ø
Ø
Ø Kolkata Ø
Ø
Ø Bhubaneshwar Ø
Ø Mumbai Ø Chennai Ø
Ø Pune Ø
Ø Visakhapatnam |
PARTNERS
|
Name : |
Mr. Amit Jain |
|
Designation : |
Managing Partner |
|
Address: |
U-23, Green Park
Extension, New Delhi – 110016, India |
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Qualification: |
Graduate |
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Other
Directorship: |
· Arihant Systems and Electricals Private Limited · Curio Craft, India |
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Name : |
Mrs. Binu Jain |
|
Designation : |
Partner |
|
Address: |
U-23, Green Park
Extension, New Delhi – 110016, India |
|
Qualification:
|
Graduate |
KEY EXECUTIVES
|
Name : |
Mr. Govind |
|
Designation : |
Accountant |
BUSINESS DETAILS
|
Line of Business : |
Trader, Dealer and
Exporter of Electric and Electronic Components and Devices. |
|
|
|
|
Products : |
Ø
Semiconductor Fuses Ø
Semiconductor
Devices Ø
Passive Components Ø
Electro Mechanical
Products Ø
Power Capacitors Ø
Crane Control
Equipments Ø
Industrial Cooling
Fans and Blowers |
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Exports : |
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Products : |
Electrical items like Fuges |
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Countries : |
·
·
·
·
Singapore |
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Imports : |
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Products : |
Electric and Electronic Components |
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Countries : |
·
European
Countries · United Kingdom · Japan · China · Korea · Germany · Singapore |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers,
Retailers and End Users |
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No. of Employees : |
55 (Approximately) |
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Bankers : |
HDFC Bank Limited, Ansari Road Branch, New Delhi, India |
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Facilities : |
Cash and Credit – Rs.165.000 Millions |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
M Sharma and Associates
Chartered
Accountant |
|
Address : |
Room No. 109,
Wing 2, Hans Bhavan, Delhi – 110002, India |
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Tel. No.: |
91-11-23378335 |
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Associates/Subsidiaries : |
· Arihant Systems and Electricals Private Limited, New Delhi, India Line of Business:
Traders and Suppliers of Electrical Products. · Mahadushi Engineering Company Private Limited, Delhi, India Line of Business:
Merchants and Exporters of Handicrafts |
CAPITAL STRUCTURE
NOT DIVULGED
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sales Turnover (Approximately) |
700.000 |
648.400 |
591.600 |
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Expected Sales (2012-13): Rs.750.000 Millions
The above information has been parted by Mr. Govind (Accountant)
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 |
Yes |
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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 |
Yes |
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Profitability for last three years |
No |
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Reasons for variation <> 20% |
No |
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Estimation for coming financial year |
Yes |
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Capital in the business |
Yes |
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Details of sister concerns |
Yes |
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Major Suppliers |
No |
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Major Customers |
No |
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Payments Terms |
Yes |
|
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 |
Yes |
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Conduct of the Banking Account |
----------- |
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Buyer visit details |
----------- |
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Financials, if provided |
Yes |
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Incorporation details is applicable |
No |
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Last Accounts filed at ROC |
No |
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Major Shareholders, if available |
No |
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.55.42 |
|
|
1 |
Rs.86.04 |
|
Euro |
1 |
Rs.68.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
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|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
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MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
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.