1. Summary Information
|
Country |
India |
||
|
Company Name |
JAIN AGENCIES |
Principal Name 1 |
Mr. Anil Kumar Jain |
|
Status |
New Business |
Principal Name 2 |
Aishwarya Tieup Private Limited |
|
Registration # |
-- |
||
|
Street Address |
R.K. Tower, A.K.
Azad Road, Rehabari, Guwahati – 781008, Assam, India |
||
|
Established Date |
18.08.2012 |
SIC Code |
-- |
|
Telephone# |
91-361-2735145 |
Business Style 1 |
Dealers |
|
Fax # |
Not Divulged |
Business Style 2 |
Distributor |
|
Homepage |
-- |
Product Name 1 |
Samsung Electronic Products. |
|
# of employees |
90
(Approximately) [In Office: 30 and In Branch: 60] |
Product Name 2 |
-- |
|
Paid up capital |
Rs.50,000,000 |
Product Name 3 |
-- |
|
Shareholders |
-- |
Banking |
Punjab National
Bank |
|
Public Limited Corp. |
No |
Business Period |
07 Months |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
NB |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Sisters Concern |
India |
Yash Enterprises |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(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 |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales (Till Date) |
325,000,000 |
Net Profit |
-- |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
|
Report Date : |
12.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
JAIN AGENCIES |
|
|
|
|
Registered
Office : |
R.K. Tower, A.K. Azad Road, Rehabari, Guwahati – 781008, Assam |
|
|
|
|
Country : |
India |
|
|
|
|
Financial as on: |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
18.08.2012 |
|
|
|
|
Com. Reg. No.: |
18600168304 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAIFJ8695C |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Dealers and Distributor of Samsung Electronic Products. |
|
|
|
|
No. of Employees
: |
90 (Approximately) [In Office: 30 and In Branch: 60] |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Maximum Credit Limit: |
USD 200000 |
|
|
|
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new partnership concern establishing itself gradually. As confirmed with Mr. Sanjay Chief Executive Officer, the concern has
completed its seven months of business and achieved a sizeable turnover. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The concern can be considered for 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 |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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. Sanjay |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9435030890 |
|
Date : |
08.04.2013 |
LOCATIONS
|
Registered Office : |
R.K. Tower, A.K. Azad Road, Rehabari, Guwahati – 781008, Assam, India |
|
Tel. No.: |
91-361-2735145 |
|
Mobile No.: |
91-9435030890 (Mr. Sanjay) |
|
Fax No.: |
Not Divulged |
|
E-Mail : |
|
|
Area : |
2000 sq. ft |
|
Location : |
Owned |
|
|
|
|
Godown/ Warehouse: |
Dag No. 125, 173, 199, 200, Patta No. 64, 28, 27, Dibrugarh Mouza,
Bangalgaon, Dibrugarh, Assam, India Area : 1500 sq. ft Location : Rented Dag No. 1306, Patta No. 972, Gobardhana
Mouza, Barpeta Road, Barpeta, Assam, India Area : 1500 sq. ft. Location : Rented Dag No. 693/694, Patta No. 326/138, Sadar Mouza, Nagaon, Assam, India Area : 1600 sq. ft. Location : Rented Dag No. 2656/4549 and 2869/4547, Patta No. 96, Jorhat Town 2, Mouza, Mitha Pukhuri Road, Jorhat, Assam, India Area : 1850 sq. ft. Location : Rented C/o Khemka Tea Warehousing Company (Private)
Limited, Bhangagarh, Guwahati, Assam, India Area : 3700 sq. ft. Location : Rented |
PARTNERS
|
Name : |
Mr. Anil Kumar Jain |
|
Designation : |
Partner |
|
Address : |
C/o Jain Enterprise, H.S. Road, Dibrugarh-786001, Assam, India |
|
Mob. No. |
91-9435030886 |
|
Email: |
|
|
Date of Birth/Age : |
11.10.1971 |
|
Qualification : |
B.Com |
|
PAN No.: |
ABYPJ9634J |
|
|
|
|
Name : |
Aishwarya Tieup Private Limited |
|
Designation : |
Partner |
|
Address : |
15, Sir Hari Ram Goenka Street, Ground Floor, Banstalla,
Kolkata-700007, West Bengal, India |
|
Date of Incorporation: |
25.02.2008 |
|
PAN No.: |
AAGCA8596G |
KEY EXECUTIVES
|
Name : |
Mr. Sanjay |
|
Designation : |
Chief Executive Officer |
BUSINESS DETAILS
|
Line of Business : |
Dealers and Distributor of Samsung Electronic Products. |
|
|
|
|
Agencies Held : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
|
|
|
|
No. of Employees : |
90 (Approximately) [In Office: 30 and In Branch: 60] |
|
|
|
|
Bankers : |
Punjab National Bank, Guwahati Branch, Fancy Bazar, Dibrugarh, Assam,
India |
|
|
|
|
Facilities: |
Cash Credit: Rs.130.000 Millions |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R. K. Chowdhari and Company Chartered Accountants |
|
Address : |
H.S. Road, Dibrugarh-786001, Assam, India |
|
Mobile No.: |
91-9435031549 |
|
E-Mail : |
|
|
|
|
|
Sisters Concern : |
Yash Enterprises Address: R.K. Tower, A. K. Azad Road, Rehabari, Guwahati – 8, Assam,
India Line of Business: Trading of Cement, C and FA of Ceat Limited Jain
Enterprises/ Cement House Address: H. S. Road, Dibrugarh-786001, Assam, India Line of Business: Trading of Cement |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs.50.000 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.50.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW BUSINESS
Till Date Turnover is Rs. 325.600 Millions
The above information has been parted by Mr. Sanjay (Chief Executive
Officer)
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two months |
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) |
No |
|
21] |
Market information |
------ |
|
22] |
Litigations that the firm
/ promoter involved in |
------ |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
------ |
|
26] |
Buyer visit details |
------ |
|
27] |
Financials, if provided |
Yes |
|
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 |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
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 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.53.53 |
|
|
1 |
Rs.83.59 |
|
Euro |
1 |
Rs.71.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
SDA |
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.