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Report Date : |
07.05.2012 |
IDENTIFICATION DETAILS
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Name : |
ASPECT INTERNATIONAL TRADING |
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Registered
Office : |
# 45/D-1, Kovai Pudhur, Pirivu Kuniamuthur Post, Coimbatore -641008, Tamil Nadu |
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Country : |
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Financials (as
on) : |
31.03.2012 (Approximately) |
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Year of
Establishment : |
2005 |
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Capital
Investment / Paid-up Capital : |
Not Available |
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IEC No.: |
3209012041 |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business
: |
Manufacturer, Trader and Exporter of Coco Peat Blocks, Animal
Feeds-ground nut cakes, Copra Cakes, Neem Cakes etc. |
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No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (47) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
-- |
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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 was established as a Proprietory concern in the year 2005 and in
2012 it got converted in to Partnership Concern. It is a 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. 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 (30.09.2011) |
Current Rating (31.12.2011) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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
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Name : |
Mr. Feroze Ahmed |
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Designation : |
Partner |
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Contact No.: |
91-9944040000 |
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Date : |
11.04.2012 |
LOCATIONS
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Registered Office/ Factory : |
# 45/D-1, Kovai Pudhur, Pirivu Kuniamuthur Post, Coimbatore -641008, Tamil Nadu, India |
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Tel. No.: |
91-422-4218998 |
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Mobile No.: |
91-9944040000 (Mr. Feroze Ahmed) |
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E-Mail : |
PARTNERS
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Name : |
Mr. U Rajesh |
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Designation : |
Partner |
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Name : |
Mr. Feroze Ahmed |
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Designation : |
Partner |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Trader and Exporter of Coco Peat Blocks, Animal
Feeds-ground nut cakes, Copra Cakes, Neem Cakes etc. |
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Terms : |
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Selling : |
L/C, Credit |
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Purchasing : |
L/C, Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
15 (Approximately) |
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Bankers : |
State Bank of Travancore, Ciumbatore |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Not Available |
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Associates/Subsidiaries : |
Roshan International Address :100/C P K Kandasamy Pillai Street, D Colony, Jothinagar,
Pollachi, Coimbatore 642001, Tamilnadu, India |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Available |
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Borrowed : |
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Total : |
Not Available |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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Sales Turnover |
100.000 |
120.000 |
80.000 |
Expected Sales 2012-2013: Rs.100.000 Millions
The above information has been parted by Mr. Feroze Ahmed (Partner).
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
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Check List by
Info Agents |
Available in
Report (Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter's background |
No |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last three years |
Yes |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
Yes |
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15) Capital in the business |
No |
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16) Details of sister concerns |
-- |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
Yes |
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20) Export / Import details (if
applicable) |
-- |
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21) Market information |
-- |
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22) Litigations that the firm / promoter
involved in |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
-- |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
Yes |
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28) Incorporation details, if applicable |
-- |
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29) Last accounts filed at ROC |
-- |
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30) Major Shareholders, if available |
-- |
Company Profile:
This is a partnership firm. The partners are
· Mr. Feroz Ahmed
· Mr. U Rajesh
This firm was established in the year 2005. In 2005 it was a proprietorship firm owned by Mr. U Rajesh. In 2012 it has been changed to a partnership firm with the above two owners are partners. There is another firm called Roshan International – a proprietorship firm owned by Mr Feroz Ahmed. This firm was started in 2009. You can consider them sister firms.
· Aspect International Trading
# 45/D-1, KOVAI PUDHUR PIRIVU
KUNIAMUTHUR POST,
Coimbatore - 641008, Tamil Nadu, India – the subject firm is engaged in the manufacture and exports of Coir, coir blocks, coco peat blocks, animal feed, groundnut cakes, neem cakes, copra cakes and everything to do with coir. This firm was started in 26/5/2005 as a proprietorship firm and changed to partnership in 2012. At the beginning this firm was a proprietorship firm owned by Mr. U Rajesh. They were mainly dealing in the import and sales of iron scrap. This later on became a partnership firm with the above two owners as partners. Right now it is a partnership firm. They would like to deal in coir and coir products under this name. Though they have registered to deal in scrap iron, plastic and other products too, they would like to concentrate on coir and its products only under this name.
· Roshan International
100/C P K Kandasamy Pillai Street
D Colony, Jothi Nagar
Pollachi, Coimbatore 642001 – This is another proprietorship firm owned by Mr. Feroz Ahmed. The subject firm is right now engaged in manufacture and export of coir and coir products. The firm was started in 2009.
They manufacture 650 Kg coco peat blocks and 5 kg coco peat blocks. Both of them have very good demand in the horticulture industry abroad.
The turnover for the firm for the year 2011-2012 is Rs.120.000 millions. Their bankers are State Bank of Travancore, Coimbatore. Their estimated turnover for the year 2012-2013 is about Rs.100.000 millions. The main places to which they export are - Australia, East Europe, and S E Asia.
A medium sized firm that has been in business since 2005 and has made a reputation for themselves in coir products and iron scrap.
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.53.72 |
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|
1 |
Rs.76.98 |
|
Euro |
1 |
Rs.70.64 |
INFORMATION DETAILS
|
Report Prepared
by : |
SHG |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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<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.