1. Summary Information
|
|
|
Country |
|
|
Company Name |
AWISHKAR
ASSOCIATES |
Principal Name 1 |
MR. PRADIP SHAH |
|
Status |
SATISFACTORY |
Principal Name 2 |
-- |
|
|
|
Registration # |
-- |
|
Street Address |
26, 1ST MAIN ROAD, P.B. NO.2745, SAMPANGIRAM
NAGAR, |
||
|
Established Date |
1975 |
SIC Code |
-- |
|
Telephone# |
91-80-22237977 |
Business Style 1 |
TRADER, , DISTRIBUTOR AND
IMPORTER OF, |
|
Fax # |
91-80-22221779 |
Business Style 2 |
DEALER |
|
Homepage |
NOT AVAILABLE |
Product Name 1 |
CONSTRUCTION CHEMICALS |
|
# of employees |
5
(APPROXIMATELY) |
Product Name 2 |
POWDER COATINGS RAW MATERIAL |
|
Capital Investment |
Rs.15,000,000/- (Estimated) |
Product Name 3 |
EPOXY RESINS |
|
Shareholders |
-- |
Banking |
CITY UNION BANK LIMITED |
|
Public Limited Corp. |
NO |
Business Period |
ABOUT 37 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (47) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
ASSOCIATES/SUBSIDIARIES |
-- |
AWISHKAR INTERNATIONAL |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(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 |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales (Approximately) |
70,000,000 |
Net Profit |
-- |
|
Sales (Approximately) (Previous yr) |
65,000,000 |
Net Profit(Prev.yr) |
-- |
|
Report Date : |
05.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
AWISHKAR ASSOCIATES |
|
|
|
|
Registered Office : |
26, 1st Main Road,
P.B. No.2745, Sampangiram Nagar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Year of Establishment : |
1975 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.15.000 Millions (Estimated) |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business : |
Trader, Dealer, Distributor and Importer
of Construction Chemicals, Powder Coatings Raw Material, Epoxy Resins. |
|
|
|
|
No. of Employees : |
5 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 60000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
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Litigation : |
Clear |
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|
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Comments : |
Subject is an established proprietory concern having satisfactory track. Trade relations are fair. Business is active. Payments are reported to be usually correct and as per commitments. The 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) |
|
|
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. Pradip Shah |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9845033715 |
|
Date : |
29.02.2012 |
LOCATIONS
|
Registered Office/ Warehouse: |
26, 1st Main Road,
P.B. No.2745, Sampangiram Nagar, |
|
Tel. No.: |
91-80-22237977 / 22226408 |
|
Mobile No.: |
91-9845033715 (Mr. Pradip Shah) |
|
Fax No.: |
91-80-22221779 |
|
E-Mail : |
|
|
Area : |
2000 sq. ft. (Approximately) |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Pradip Shah |
|
Designation : |
Proprietor |
|
Address : |
Apartment No. A-2, Farville
Apartments, 92/1, 3rd Cross Lavalle Road, |
|
Date of Birth/Age : |
03.10.1948 |
|
Qualification : |
BE Chemicals |
BUSINESS DETAILS
|
Line of Business : |
Trader, Dealer, Distributor and
Importer of Construction Chemicals, Powder Coatings Raw Material, Epoxy
Resins. |
|
|
|
|
Products : |
v Epoxy Resins and Hardeners v Copper Clad Laminated Sheets v Dry Film Photoresist v Dimer Acid and Vegetable Oil based Fatty Acids |
|
|
|
|
Agencies Held : |
v
Kokdo Chemical
Company Limited, Reference: Mr. T. H. Kim, Export
Manager Tel. No.: 91-822-32821562 Fax: 91-822-32821588 Email: trade@kukdo.com Products Handled: Amine Function compounds epoxy resins
and Hardeners v
Kukdo Chemical
(Kunshan) Company Limited Reference – Mr. Song v
Samwoo Oil Chemical
Company Limited, Reference: Ms. B.Y.Kim, Export
Manager Email: samoil@unitel.co.kr Products handled: Dimer Acid,
monobasic acid and soy oil fatty acid v
Doosan Corporation
Electro – materials BG, and v
Doosan Electronic
Materials Singapore Private Limited, Reference – Mr. M. K. Appersamy v
Kolon Industries
Inc., Reference : Mr. J. Eun, Manager,
DFR Business Team Tel. No.: 91-822-36773902 Fax: 91-822-36773889 / 3696 Email: eun@kolon.com Products handled: Dry film
Photoresist v
Lona Industries
Limited, Mumbai Reference: Mr. A.D. Gurjar,
Sales Manager Tel. No.: 91-22-24307441 Fax : 91-22-24363595 Products Handled :
Phthalocyanine pigments v
Apex Dyestuff &
Intermediates, Ahmedabad Reference: Mr. Shrenik Merchants/
Mr. Prashant Merchant, Partners Tel. No.: 91-79-27541070 Fax: 91-79-25893858 Email: apexpigments@yahoo.com
Products Handled: All types of
organic yellow and red pigments v
Reference: Mr. Ramesh C. Shah,
Proprietor Tel. No.: 91-79-25831254 Fax : 91-79-25831837 Products Handled:
Semi-transparent organic yellow pigment. v
N.R. Industries,
Ahmedabad v
Doosan Corporation
Electromarterials BG, Reference: Mr. Jun Lee, Asst.
Manager, Overseas sales Team Tel.: 91-822-33981970 Fax: 91-822-33981979 Email: junsuk@doosan.com Products handled: All types of
rigid and flexible copper clad laminates, Like paper phenolic, glass epoxy
from 0.1mm to 2.4mm thick, composite epoxy, prepress for multiplayer etc. Reference: Dr. Manuel Hasan,
Director Email: info@sirpi.it Products handled: All types of
PCB Inks, like photo imageable, U.V.curing and thermal curing solder mask,
ETCH resist and legend inks. All types of graphic inks for printing on
synthetic substrate |
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|
|
|
Imports : |
|
|
Products
: |
v Epoxy Resins and Hardeners v Copper Clad Laminated Sheets v Dry Film Photoresist v Dimer Acid and Vegetable Oil based Fatty Acids |
|
Countries : |
v |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (90/120 Days) |
|
|
|
|
Purchasing : |
Credit (90/120 Days) |
GENERAL INFORMATION
|
Customers : |
Manufacturer |
|
|
|
|
No. of Employees : |
5 (Approximately) |
|
|
|
|
Bankers : |
v
City Union Bank
Limited, Koramngala Branch, v
IDBI Bank, |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P.S. Ananda Rao and Company Chartered Accountants |
|
Address : |
No 5, “Taranga”, 35, Binny
Layout, Behind Attiguppe, Vijaya Nagar,
|
|
Tel. No.: |
91-80-57606336 |
|
Fax No.: |
91-80-23215652 |
|
E-Mail : |
|
|
|
|
|
Memberships : |
v Karnataka Dyes and Chemical Traders Association v Indian Printed Circuit Association v Indian Small Scale Paint Manufacturers Association v
All |
|
|
|
|
Associates/Subsidiaries : |
v
Awishkar
International Activity - Indenting Agents for
Direct Import by buyers in v
Epochem
International |
CAPITAL STRUCTURE
As on 31.03.2011
|
Capital Investment : |
|
|
Owned : |
Rs.15.000 Millions (Estimated) |
|
Borrowed : |
-- |
|
Total : |
Rs.15.000 Millions (Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sales Turnover (Approximately) |
70.000 |
65.000 |
60.000 |
|
|
|
|
|
Expected Sales (2011-2012): Rs.80.000 millions
The above information has been parted by Mr. Pradip Shah (Proprietor).
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) |
|
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 |
-- |
|
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 |
Yes |
|
15) Capital in
the business |
No |
|
16) Details of
sister concerns |
Yes |
|
17) Major
suppliers |
No |
|
18) Major
customers |
No |
|
19) Payments
terms |
Yes |
|
20) Export /
Import details (if applicable) |
Yes |
|
21) Market
information |
-- |
|
22) Litigations
that the firm / promoter involved in |
-- |
|
23) Banking
Details |
Yes |
|
24) Banking
facility details |
-- |
|
25) Conduct of
the banking account |
-- |
|
26) Buyer visit
details |
-- |
|
27) Financials, if
provided |
No |
|
28) Incorporation
details, if applicable |
-- |
|
29) Last accounts
filed at ROC |
-- |
|
30) 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.49.35 |
|
|
1 |
Rs.78.68 |
|
Euro |
1 |
Rs.65.63 |
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 |
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 |
NO |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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.