MIRA
INFORM REPORT
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Report Date : |
22.08.2007 |
IDENTIFICATION DETAILS
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Name : |
SHAKTI ENGINEERS |
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Registered Office : |
8-F,
New Empirel Industrial Estate, Kondivita Lane, J. B. Nagar, Andheri (E),
Mumbai – 400059, Maharashtra, India |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1978 |
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Legal Form : |
Partnership
Concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Manufacturers of Geared Motors, Helical Geared Motors,
Worm Geared Motors, Rotary Vibrators, Helical Hollow Shaft Geared Motors,
Heavy Duty Three Stage Geared Motors. |
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 : |
--- |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well
established concern having satisfactory track. Partners are experienced,
respectable and resourceful businessmen. Their trade relations are fair.
Payments are usually correct and as per commitments. The concern can
be considered good for normal business dealings at usual trade terms and
conditions. Input for this
report was parted by Mr. G.S. Ghorpade, Partner of the concern. |
LOCATIONS
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Registered Office/Factory : |
8-F, New
Empirel Industrial Estate, Kondivita Lane, J. B. Nagar, Andheri (E),
Mumbai – 400059, Maharashtra, India |
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Tel. No.: |
91-22-28219870 |
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Mobile No.: |
91-9821034962 |
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Fax No.: |
91-22-28351397 |
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Website : |
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Area : |
1000 sq.fts |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. G.S. Ghorpade |
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Designation : |
Partner |
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Date of Birth/Age : |
71 Years |
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Qualification : |
BE ( Electronic) |
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Experience : |
45 Years |
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Name : |
Mr. Shrikant G Ghorpade |
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Designation : |
Partner |
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Date of Birth/Age :: |
46 Years |
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Qualification : |
Post Graduate |
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Experience : |
20 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of Geared Motors, Helical Geared Motors,
Worm Geared Motors, Rotary Vibrators, Helical Hollow Shaft Geared Motors,
Heavy Duty Three Stage Geared Motors. |
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Products : |
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Exports : |
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Countries : |
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Terms : |
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Selling : |
Cash, Credit (30 Days) and through Bank |
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Purchasing : |
Cash and Credit (30 - 60 Days) |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
15 |
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Bankers : |
v
Canara
Bank Vakola Santacruz, Mumbai v
North
Kanara GSB Co - Operative Bank Limited Marol, Andheri, Mumbai |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Modak and Company
Chartered
Accountants |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
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Capital Investment : |
NA |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
6.800 |
6.000 |
5.000 |
Expected Sales (2007-08) : Rs. 7.500 millions
LOCAL AGENCY FURTHER INFORMATION
Trade
Reference
v
Larsen and Tubro Limited, Orissa
v
Kabra Extrusions Limited, Mumbai
As Per
Website
Shakti Engineers is a leading enterprise that deals as a manufacturer,
exporter and supplier of Geared motors, Rotary Vibrators, etc. to meet
the varied requirements of industries where material handling plays a major
role. The Rotary Vibrators manufactured by us plays a versatile role in
various applications like empty, ventilate, dose, dehydrate, convey, loosen,
mix, test, clean, screen, classify, compact, distribute, feed etc. Incorporated
in the year 1978, the company has a vast experience in fulfilling the
requirements of various industries by optimum performance and higher
durability. The products are available in competitive price and they assure for
their timely delivery.
Products
They are the manufacturer, exporter and supplier of the following products with
highest quality:
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Geared Motors
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Gear Boxes
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Rotary Vibrators
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Vibro Separators
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Vibratory
equipments
Salient Fetaures
The salient features of there products are
as following:
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Sturdy and robust
construction
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Heavy Duty bearings
for long trouble free service
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Totally enclosed
construction keeps dust, dirt away from windings
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Low noise
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Centrifugal Force can
be adjusted infinitely from zero to maximum
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Amplitude of vibration
can be controlled
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Low maintenance due to
absence of belts, pulleys, chain, sprockets etc.
Applications
The Vibrators have a wide application in various industries like Mining,
Fertilizer, Power Station, Foundries, Chemical Industry, Pharmaceuticals, Food
Stuff etc.
Clients
There market is not confined only to domestic regions as they play a big role
in the global field with there high quality products. Geared Motors, Gear
Boxes, Rotary Vibrators, Vibro Separators, Vibratory equipments etc. are
exported to the countries across the globe. Some of them are listed below:
v
v
v
SHREE SHAKTI Geared Motors are designed to provide,
a most efficient, economical and
compact drive for low speed Applications. It is a most compact drive for low
speed Applications.
It is a combination of an electric motor (A.C. or D.C.) and a gear box
(helical, worm or epicyclical) converting the high speed of the prime mover to
low speed with maximum efficiency. These units are manufactured under the
supervision of trained Technical personel with strict quality control, and with
latest technical kno-how, and appropriate raw materials.
ADOPTA GEAR BOXES
are Helical Inline Gear Boxes, designed to mount flange type I.E.C.
Standard Electric Motors. Inline Helical Gear Boxes shown here are
suitable for coupling to I.E.C. Standard motors. Foot Mounting.
STANDARD GEARED MOTORS.
WORM GEAR BOXES from 1 1/8" Crs to 10
1/2" Crs 7:1 Ratio to 60:1 Ratio having universal,
horizontal, flange type of mountings suitable for coupling to the
prime mover.
HEAVY DUTY THREE STAGE GEARED MOTORS give low
RPM in the most compact
and in the most economical price. 0.37 Kw to 25 Kw, output torque 50 NM to
15,000 NM,
output speed 3.0 RPM to 300 RPM, horizontal foot or flange mounting.
HOLLOW SHAFT HELICAL GEARED MOTORS flange
mounting type are most suitable for
stirrer duty. The depth of the stirrer can be adjusted freely without
disturbing the arrangement.
CUSTOM BUILT UNITS is there speciality. They can
offer you various type of combinations
such as mounting dimensions, type of insulation, degree of protection,
dual speed, triple speed, flame proof, D.C.etc. They can develop a
GEAR DRIVE SYSTEM as per the requirements.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.41.06 |
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1 |
Rs.81.41 |
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Euro |
1 |
Rs.55.34 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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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 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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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 |
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 |
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54 |
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. |
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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