MIRA
INFORM REPORT
|
Report Date : |
13.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
P R SALES CORPORATION |
|
|
|
|
Registered Office : |
Flat No. 3, Kedar Apartments, Plot No. 48, Mayur Colony, Kothrud, Pune
– 411038, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
1987 |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business : |
Trader and Importer of Cutting Tools |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 10000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed concern having satisfactory
track. Trade relations are fair. Business is active. Payments are reported as
usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
|
Registered Office : |
Flat No. 3, Kedar Apartments, Plot No. 48, Mayur Colony, Kothrud, Pune
– 411038, Maharashtra, India |
|
Tel. No.: |
91-20-25437591 / 25441501 |
|
Fax No.: |
91-20-25445255 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Mumbai Office : |
1/4, Prakash Co. Op. Hsg. Society, Relief Road, Daulat Nagar,
Santacruz (w), Mumbai – 400054, Maharashtra, India |
|
|
|
|
Bangalore Office : |
G-1, Abacus 3575, 4th Cross, 13 Gmail, Hal 2nd Stage,
Indiranagar, Bangalore – 560008 |
SOLE PROPRIETOR
|
Name : |
Mrs. Surat N Rane |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
60 years |
KEY EXECUTIVES
|
Name : |
Mr. Amol Rane |
|
Designation : |
Key Executive |
|
Address : |
36 years |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Cutting Tools |
|
|
|
|
Imports : |
|
|
Products : |
Cutting Tools |
|
Countries : |
Germany and Israel |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit ( 30 days) |
GENERAL
INFORMATION
|
Customers : |
˛ Bosch ˛ Keihin ˛ Manugraph ˛ 7F India ˛ Carraro ˛ Indo Schottle
Auto Part Private Limited ˛ Mahindra ˛ Klaus Union ˛ Enkei ˛ Bharat
Forge ˛ Force
Motors ˛ Kirloskar |
|
|
|
|
No. of Employees : |
18 |
|
|
|
|
Bankers : |
Bank of India F.C. Road, Pune |
|
|
|
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. Shridhar Sundaram Chartered Accountants |
|
Address : |
Aundh, Pune |
|
|
|
|
Associations
/Subsidiaries: |
˛ ISCAR ˛ INGERSOLL ˛ Guhring ˛ SCHUNK ˛ Quaker ˛ FHUSA |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs.2.500 millions |
|
Borrowed : |
-- |
|
Total : |
Rs.2.500 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
31.03.2007 |
31.03.2006 |
|
Sales Turnover |
|
30.000 |
20.000 |
Expected Sales (2007-08) : Rs.40.000 million
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
˛
Bharat Forge
˛
Kalyani Forge
˛
Concentric Pumps
˛
Alpha Level
˛
Spirax Marshall
As Per Web Details
Profile:
Subject was established in 1984 as a trading concern and supported renowned brands trade cutting tools. In the year 2000, the company added a new dimension to its operations and decided to focus on oriented products. In the last few years they have increased their product representation in association with several other industry leaders. Their ever increasing product line and services has helped them earn illustrious associations with industry reckoners like ISCAR, INGERSOLL, Guhring, SCHUNK, Quaker and FHUSA.
They provide end to end solutions in machining technology like milling,
drilling, cutting, grinding, gear grinding, and cutting oil to automotive and
engineering companies. Their illustrious client base includes Mahindra Group,
Bharat Forge, Force Motors, BOSCH and many others. They assist their clients
from tool selection, tool designing to tool testing and proving. Their
undeterred commitment towards serving their clients has been rewarded with many
accolades from their clients and the companies they represent alike. Their
passion for excellence in industrial sales & marketing has ensured growth
for them and is helping the Indian industry meet unmatched excellence.
Vission and Mission
To work with passion towards excellence in the field of sales & marketing with service backup. To give best solutions to their esteemed clients to minimize their production cost & increase their productivity by using their experienced, skilled & technically updated manpower.
Services
. R. Sales’ customer-friendly image is nurtured by their diligent attention to customers requirement and meticulous observations of market trends, developments and demands. They pride themselves for prompt service anytime and anywhere it is required.
Some of the benefits their customers enjoy are listed below
˛ They provide renowned quality products at competitive prices.
˛ They offer single window solutions from multiple suppliers.
˛ By maintaining inventory of the fast moving items they can provide faster deliveries.
˛ They offer before & after sales support through Service Engineers trained by Principals.
˛ All products sold carry the standard Warranty / Guarantee offered by Principals.
˛ They offer flexibility for the customers in order placements.
˛ They have best professional service Engineers. These highly trained individuals perform a complete range of services before and after sales to ensure a smooth functioning at customers end.
Most of all their customers can benefit from their vast experience in this domain & valuable database where technical services. It is their constant endeavor to exceeding their customer expectation.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.39.57 |
|
UK Pound |
1 |
Rs.78.93 |
|
Euro |
1 |
Rs.56.85 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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
|
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|