MIRA
INFORM REPORT
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Report Date : |
10.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
COSMOS SALES CORPORATION |
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Registered Office : |
Shop No. 42/54, 589 Rasta Peth, Indraprastha Complex, Pune – 411011,
Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1981 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNEC01686G |
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Legal Form : |
Partnership Concern with an unlimited liability of the partners |
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Line of Business : |
Manufacturers of Construction and Allied Machineries. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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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 : |
USD 20000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed concern having satisfactory
track. Partners are reported as
experienced and respectable businessmen.
Trade relations are reported as fair.
Business is active. Payments
are usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions |
LOCATIONS
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Registered Office/Factory : |
Shop No. 42/54, 589 Rasta Peth, Indraprastha Complex, Pune – 411011,
Maharashtra, India |
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Tel. No.: |
91-20-26128281 / 27120768 / 27121702 / 26342676 / 27129027 |
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Mobile No.: |
91-9822266250 |
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Fax No.: |
91-20-26135804 / 26342677 |
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E-Mail : |
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Website : |
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Area : |
2000 sq. ft. |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Janak Shah |
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Designation : |
Partner |
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Name : |
Mr. Mehul Janak Shah |
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Designation : |
Partner |
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Name : |
Mr. Siddharth Janak Shah |
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Designation : |
Partner |
KEY EXECUTIVES
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Name : |
Mr. Dipesh Shah |
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Designation : |
Chief Executive Officer |
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Mobile : |
91-9226409910 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of Construction and Allied Machineries. |
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Products : |
Concrete Block Making Machine Hoist Marble Cutting & Polishing Machine |
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Exports : |
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Products : |
Machineries |
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Countries : |
African Countries |
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Imports : |
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Products : |
Spare Parts |
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Countries : |
China |
PRODUCTION STATUS
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Particulars |
Actual
Production |
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Machines |
About 20 |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
200 |
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Bankers : |
Punjab National Bank Bank of India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Gandhi & Associates Chartered Accountants |
CAPITAL STRUCTURE
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Capital Investment [Approx.] : |
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Owned : |
Rs. 5.000 millions |
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Borrowed : |
-- |
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Total : |
Rs. 5.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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50.000 |
40.000 |
LOCAL AGENCY
FURTHER INFORMATION
Website Details :
COSMOS established in 1981 is devoted and engrossed in manufacturing construction machineries and allied equipments.
In the last two decades they have designed and developed appropriate construction equipment to reach the deepest core of satisfaction of their clients.
In this oceanic field of construction, they have earned trust and appreciation by winning many prestigious awards.
Their incessant efforts in product development, strict quality control and efficient after sales service has enabled them to establish "COSMOS" as "The trusted name in construction equipments and machineries"
Products
CM1
Cosmos Make Block Making Machine are very useful and easy to
use on site. It helps to increase the production as well as produce quality
Cement Block. There are various types of machines to suite your requirements.
CM2
Cosmos Make Block Making Machine are very useful and easy to
use on site. It helps to increase the production as well as produce quality
Cement Block. There are various types of machines to suite your requirements.
CM3
Cosmos Make Block Making Machine are very useful and easy to
use on site. It helps to increase the production as well as produce quality
Cement Block. There are various types of machines to suite your requirements.
CM5
Cosmos Make Block Making Machine are very useful and easy to
use on site. It helps to increase the production as well as produce quality
Cement Block. There are various types of machines to suite your requirements.
CM6 CM6 Details
This machine is very useful for mass production of Blocks. This
has an autoramming mechanism powered by 2 H.P. single phase motor. The block
ramming is achieved with rapid impact of 90 strokes / min. During ramming the
mould is vibrated vigorously by a vibrator powered by 1 H.P. single phase motor
CM8
This machine is designed for higher production of Cement
Blocks. Machine does not need pallets to support Blocks. The mould is vibrated
and a heavy tamper drops on the Block. Plain surface is required to produce
these Blocks.
Hydraulic Concrete
Block Laying Machine
Any type of ram and mould can be produced for manufacturing various types of concrete blocks
Recommendation mix Ratio – 1:3-6 I.E. 1 part of cement 3 parts of washed sand
& stone dust – 6 – parts of 6 mm and 12 mm aggregate
Water cement Ratio for mix – 0.4 to 0.5
Curing time for concrete blocks – 21 days and dying time 5 days rubber pipes or
sprinklers can be used for curing
Casted blocks can be shifted from platform after 20 hours.
Hydraulic Concrete Block Laying Machine
Type of blocks and their use
CAVITY BLOCKS (W x H x L)
a) 200x200x400 (30 mm wall thick) 4 nos./Opn. use - Load Bearing Walls
b) 150x200x400 (30 mm wall thick) 5 nos./Opn. use - External / Compound Wall
c) 100x200x400 (25 mm wall thick) 8 nos./Opn. use - Partition Wall
d) 75x200x400 (25 mm wall thick) 10 nos./Opn. use - Partition Wall
SOLID BLOCKS
a) 200x200x300 8 nos./Opn. use – Foundation
b) 200x200x400 4 nos./Opn. use – Foundation
c) 150x200x300 10 nos./Opn. use - Compound and Walls
d) 150x200x400 5 nos./Opn. use - Compound and Walls
e) 100x200x400 8 nos./Opn. use - Partition Walls
f) 75x200x400 10 nos./Opn. use - Partition
PAVING BLOCKS
180x70x180 or other shapes use - Flooring of Parking area of footpath etc.
CORNER COLUMN BLOCKS
200x200x400 4 Nos./Opn.
ROOFING BLOCKS
140x200x410 5 Nos./Opn. use – Roofing
BRICK SIZE BLOCKS
75x100x230 20 Nos./Opn. use – Walls
CANAL GUTTER
(Half Round Type) 450 or V Shape
ROAD DIVIDER BLOCK - Road Divider
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.88 |
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UK Pound |
1 |
Rs.84.22 |
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Euro |
1 |
Rs.57.27 |
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 |
4 |
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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 |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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45 |
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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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