MIRA
INFORM REPORT
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Report Date : |
14.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SHREE EXIM |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Year of Establishment : |
2004 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
LKNS07165E |
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PAN No.: [Permanent
Account No.] |
AAYFS3685F |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Manufacturers of Transformer Laminations. |
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 28000 |
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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 : |
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Tel. No.: |
91-5924-273095 |
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Mobile No.: |
91-9897036570 |
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Fax No.: |
91-5924-273328/ 275318 |
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E-Mail : |
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Website : |
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Area : |
4000 Sq.mtrs. (Owned) |
PARTNERS
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Name : |
Mr. Vaibhav Agarwal |
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Designation : |
Partner |
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Date of Birth/Age : |
29 years |
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Qualification : |
Graduate (Engineering) |
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Experience : |
5 years |
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Name : |
Mrs. Monica Agrawal |
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Designation : |
Partner |
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Date of Birth/Age : |
26 years |
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Qualification : |
Post Graduate |
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Name : |
Mrs. Priti Agrawal |
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Designation : |
Partner |
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Date of Birth/Age : |
45 years |
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Qualification : |
Post Graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of Transformer Laminations. |
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Imports : |
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Products : |
Nicaloy and Sheets |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Sight |
PRODUCTION STATUS
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Particulars |
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Actual
Production |
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Transformer Lamination |
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As per demand |
GENERAL INFORMATION
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Customers : |
Local Customers and End Users |
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No. of Employees : |
In Office : 10, In Factory : 90 |
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Bankers : |
State Bank of |
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Facilities : |
Credit limit : Rs.20.000 millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Sudhir Saran Agarwal & Company Chartered Accountants |
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Address : |
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Associates/Subsidiaries : |
Narain Turbine And Allied Chemicals, Dhanaura |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.7.000 millions |
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Borrowed : |
-- |
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Total : |
Rs.7.000 millions |
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 |
140.000 |
120.000- 450.000 |
90.000 |
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Profit/Loss for the year |
12.500 |
7.500 |
2.300 |
LOCAL AGENCY FURTHER INFORMATION
Trade References :
Website Details :
Subject is a manufacturers and suppliers of transformer core lamination
(CRGO Steel) as well as a distinguished manufacturer of Aroma Chemicals and
Essential Oils under the name and style of its sister concern Narain Terpene
& Allied Chemical.
Subject is a family owned and manager company therefore a special personal
consideration is given for adding value in their products, services and
clientage. Subject in fact is a part of big business house having financially
sound promoters with over 50 years of experience in running and managing
several kinds of businesses including manufacturing, exports and imports.
Their state of the art manufacturing facilities are located in Mandi Dhanaura,
a small town located about 110 Kms from New Delhi (Capital of India), offering
its exclusive advantage of having proximity with major airports, rail, road and
sea port infrastructure.
Known for their flawless reputation of over 50 years and for highest ethical
standards they always do their best to protect the interest and integrity of
their customers. They are also associated with many organizations like IEEMA
& Engineering Export Promotion Council. They invite you to have a look at
the products listed here and give us an opportunity to handle the enquiry with
their best offer.
PRODUCTS
They manufacture Transformer Core Laminations from Cold Rolled Grain
Oriented (CRGO) steel. They also manufacture a big range of Essential Oil and Aroma
Chemicals. With the induction of latest technologies and manufacturing
processes they create amazing quality products at commercially viable prices,
to give added value to customer's product.
CRGO Core
Electrical Laminations
Popularly known as Transformer core. They manufacture Transformer Core
laminations from Cold Rolled Grain Oriented (CRGO) steel in grades M3, M4, M5,
M6 and also from the superior CRGO grades like Hi-B, ZDKH, M0H, TCH-0, TCH-1
etc. Apart from this, they also manufacture CRGO Laminations for alternative
applications like for "Welding Machine" and for "Servo Voltage
Stabilizers" manufacturers.
Aroma
Chemicals / Essential
Oils
They also manufacture a big range of Essential Oil and Aroma Chemicals under
the name & style of M/s Narain Terpene & Allied Chemical. Today they
supply their products among worlds top most flavor and fragrance manufacturers.
All of their products are certified KOSHER by KLBD London.
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.40.47 |
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1 |
Rs.82.08 |
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Euro |
1 |
Rs.55.74 |
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 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
7 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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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 |
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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50 |
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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