MIRA
INFORM REPORT
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Report Date : |
13.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SONU HOSE INDUSTRIES |
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Registered Office : |
1/96, Subhash Nagar, New Delhi;110027 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2001 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Flexible Metal Hoses and Automotive Exhaust Bellow
Connectors including: S.S Hose
Corrugated, Exhaust Connector S.S
Bellow 6” 8” 10”, Hose with all Type Flanges, Hose with Fitting, Hydraulic
Hose with High Pressure crimping Silencer Hoses, Exhaust Connectors. |
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 6000 |
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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. Proprietor is reported as experienced and respectable businessman.
Trade relations are reported as fair. Business is active Payment 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 : |
1/96, Subhash Nagar, New Delhi:110027, Delhi, India |
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Tel. No.: |
91-11-25144815/28117828 |
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Fax No.: |
91-11-28117828 |
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E-Mail : |
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Website : |
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Area : |
100 Sq. mts (3 stories + Residence) |
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Location : |
Owned |
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Factory: |
1498, M Industrial Area, Bhadurgarh, Haryana |
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Area : |
420 sq. mts Plot |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mrs. Suman Dewan |
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Designation : |
Proprietor |
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Date of Birth/Age : |
44 Years |
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Qualification : |
Graduate |
KEY EXECUTIVES
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Name : |
Mr. Ravindra Dewan |
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Designation : |
Key Person |
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Date of Birth/Age : |
45 Years |
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Qualification : |
Graduate |
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Experience : |
25 Years |
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Mobile No: |
91-9891209697 / 91-9911509697 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Flexible Metal Hoses and Automotive Exhaust Bellow
Connectors including: S.S Hose
Corrugated, Exhaust Connector S.S Bellow
6” 8” 10”, Hose with all Type Flanges, Hose with Fitting, Hydraulic Hose with
High Pressure crimping Silencer Hoses, Exhaust Connectors. |
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Products : |
S.S Hose Corrugated Exhaust Connector S.S Bellow 6'' 8" 10'' Hose with All Type Flanges Hose with Fittings Hydraulic Hose with High Pressure Crimping All Type Hydraulic Fittings Silencer Hoses Exhaust Connectors. |
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Terms : |
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Selling : |
Local Sale Terms: Cash or 30 to 45 days Credit |
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Purchasing : |
Local Purchase Terms: Cash or 30 days Credit |
GENERAL
INFORMATION
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No. of Employees : |
Total:6 |
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Bankers : |
Dena Bank, Maya Puri New Delhi-110064 |
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Facilities : |
Rs.0.200 Million |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Sister
Companies: Sonu Hose Pipes D-47 (GF) Maya Puri Industrial Area, Phase-II, New Delhi – 110064] Rented 90 sq. mt Sales Turnover: Rs.7.000-7.800 Millions Employee: 5 |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.1.500 Millions |
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Borrowed : |
-- |
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Total : |
Rs.1.500 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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6.000 |
5.000 |
Profit Before Tax: 13 %
Profit After Tax: 8 %
Expected Sales (2007-08) : Rs.10.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
As per Web Site:
A profound name in the arena of superlative flexible
metal hoses and automotive exhaust bellow connectors.
About Them
A metallic hose is a hollow tube designed to carry fluids from one location to
another. They are widely used in immense industrial applications. The
compnay is a noted name in the arena of manufacturing superior flexible
metal hoses and automotive exhaust bellow connectors. The
business entity, established in 2001 is a complete amalgam of sophisticated
machinery and experienced personnel, perfectly fitting into their equation of
manufacturing supreme products. With a strong commitment towards consumer
satisfaction, they are successfully sailing on the winds of confidence.
Their unmatched quality and reasonable prices help them to
earn a lion's share in the similar trade. They are a professionally managed
organization. Their sole business motto is to provide world class products at
the most competitive prices to their valued clients. They possess the latest
standardized machinery and other necessary equipments to execute every task
efficiently. Their company is potheyred by a talented team of highly creative
engineers and other staff members, delivering unsurpassable services in the
similar arena.
Product Range
Trust and reliability are the two solid pillars on which the future of every
enterprise depends. They, at The compnay, offer durable and highly efficient Flexible
Metal Hoses and Automotive Exhaust Bellow Connectors at most
competitive prices to their valuable clients.
Quality Assurance
Superior quality is the hallmark at The compnay. Every manufacturing stage is
thoroughly monitored by highly expert professionals, assuring flawless
production. Moreover, every product passes through a series of strict
inspections that facilitates the movement of only excellent products from the
facility. Their dynamic and energetic workforce takes extreme efforts to
innovate the existing products as per the emerging needs of the clients. They
employ the finest quality of raw material, purchased from the reputed names in
the market.
Their Assets
A gamut of unparalleled solutions for varied applications
- Highly experienced professionals and latest technologies, delivering world class products
- Prompt delivery
- Affordable prices for mass consumption
- Long lasting solutions.
Infrastructure
Their sound infrastructural facility strengthens them to fulfill their business
objectives. They are strong enough to face fierce competition with the help of
their ultra modern machinery and excellent human resource, delivering
extraordinary items in the similar business sphere.
Research and Development
Their research and development team comprises of highly qualified personnel.
They are fueled with higher degree of creativity and are capable enough to
innovate the existing products in a much better way.
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.42.30 |
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UK Pound |
1 |
Rs.84.11 |
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Euro |
1 |
Rs.57.33 |
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 |
YES |
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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 |
NO |
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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 |
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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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