MIRA
INFORM REPORT
|
Report Date : |
29.01.2007 |
IDENTIFICATION
DETAILS
|
Name : |
EXCEL
POWER SYSTEMS |
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Registered Office : |
No.40,
16, Ranganathan Street, T. Nagar, Chennai-600017, Tamilnadu |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
2001 |
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Legal Form : |
Sole
Proprietory Concern |
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Line of Business : |
Distributors
of American Power Company Products and R J UPS Systems |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Maximum Credit Limit : |
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Status : |
Small
Concern |
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a small concern. Trade relations are fair. Payments are usually correct
and as per commitments. It can
be considered for small business dealings at usual trade terms and
conditions. |
LOCATIONS
|
Registered Office : |
No.40,
16, Ranganathan Street, T. Nagar, Chennai-600017, Tamilnadu, India |
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Tel. No.: |
91-44-24356376/
24355699 |
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Mobile No.: |
91-9940114205 |
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Fax No.: |
91-44-24336376 |
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E-Mail : |
SOLE PROPRIETOR
|
Name : |
Mr. R.
Arul |
|
Designation : |
Proprietor |
BUSINESS DETAILS
|
Line of Business : |
Distributors
of American Power Company Products and R J UPS Systems |
|
|
|
|
Products : |
Ř
Sleek
UPS Ř
Online
UPS Ř
Off
line UPS |
GENERAL
INFORMATION
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No. of Employees : |
5 |
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Bankers : |
Bank
of India, T. Nagar Branch, T. Nagar, Chennai-600017 |
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Banking Relations : |
Satisfactory |
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Auditors : |
Raghavan
Associates Chartered
Accountants, Chennai |
CAPITAL STRUCTURE
|
Capital
Investment : |
|
|
Owned : |
Rs.1.000
millions |
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Borrowed : |
-- |
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Total : |
Rs.1.000
millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
|
Particulars |
|
|
31.03.2006 |
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Sales Turnover |
|
|
2.500 |
LOCAL AGENCY
FURTHER INFORMATION
Website Details :
They deal in the
products of the below mentioned company
American Power Systems
Building No.6
First Avenue
Indira Nagar, Adyar,
Chennai-600020
Products :
The APC Home Inverter
is a child-safe and environmentally friendly way to keep your lights, fans
& TVs running during extended power cuts. Easy to install and maintain, the
Home Inverter is aesthetically designed for quiet, efficient use. Additional
battery packs are available to keep your household running for even longer
periods of time. Other features include a built-in holiday mode switch that
preserves battery charge while one is away, and a free safety kit.
APC Smart-UPS® protects critical data by
supplying reliable, network-grade power in either traditional tower or
rack-optimized form factors. Award-winning Smart-UPS® is the perfect UPS for
protecting business critical servers, voice and data networks, point of sale,
retail/bank back office and ATM's. High real power output (watts), generous
runtime, sine wave output, 16-segment LED visual display, and intelligent
battery management make Smart-UPS the leading server class UPS. Included Power
Chute® management software provides IT administrators the comfort of safe
system shutdown and advanced UPS management. Additional manageability is
available through the Smart Slot, an internal accessory slot that allows
installation of optional accessories to enhance the performance of your UPS.
Designed and manufactured by APC and fully backed with free 24x7 technical
support, Smart-UPS remains the industry standard for all network UPSs. With
over 10 million units installed worldwide and over 15 years of proven
performance, Smart-UPS is a UPS businesses trust for their critical
applications.
Brings Smart-UPS
reliability to entry-level applications
APC Smart-UPS SC is
ideal for small and medium businesses looking to protect entry-level servers
and networking equipment from power disturbances and outages. The Smart-UPS SC
features network grade runtime, hot swap batteries, and built-in data line
protection for worry free uninterruptible power protection for increased availability.
The included Power Chute Business Edition software, which has an installed base
in the millions, gives entry-level network and server users a proven UPS
management solution. Power Chute Business Edition also manages other Smart-UPS
models, allowing easy upgrades as applications change, without having to
replace software or retrain administrators. Most Smart-UPS SC models can be
installed in either a tower or rack configuration, allowing standardization
across multiple applications. Built on the same standards as the award-winning
Smart-UPS, with over 10 million installed, Smart-UPS SC provides the basic
features and manageability needed to protect entry-level applications.
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 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.44.17 |
|
UK
Pound |
1 |
Rs.86.66 |
|
Euro |
1 |
Rs.57.25 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
NO |
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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 |
|
29 |
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/normal. |
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 |
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