MIRA
INFORM REPORT
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Report Date : |
11.06.2007 |
IDENTIFICATION DETAILS
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Name : |
M S POWER WHEELS PRIVATE LIMITED |
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Registered Office : |
511, |
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Country : |
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Date of Incorporation : |
22.02.2007 |
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Com. Reg. No.: |
159584 |
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CIN No.: [Company
Identification No.] |
U34102DL2007PTC159584 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer,
exporter and trader of
superlative tyre retreading materials such as procured
tread rubber, tread rubber, cushion gum, black vulcanizing cement, rubber
compound, rubber machine and other allied products. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and in the process of establishing itself.
Directors are however reported as experienced and respectable businessmen. Trade
relations are reported as fair. Payments are reported as usually correct and
as per commitments. The company can be considered for small to mediocre business dealings
with slight caution initially. |
LOCATIONS
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Registered Office : |
511, |
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Tel. No.: |
91-11-47002551 |
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Fax No.: |
91-11-47002551 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. Shalender Lamba |
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Designation : |
Director |
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Address : |
2 /75, 2nd floor, Punjabi Bagh (West), |
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Date of Birth/Age : |
17.09.1982 |
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Name : |
Mrs. Manju Verma |
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Designation : |
Director |
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Address : |
2 /75, 2nd floor, Punjabi Bagh (West), |
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Date of Birth/Age : |
17.09.1963 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
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Mr. Shalender Lamba |
5,000 |
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Mrs. Manju Verma |
5,000 |
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Total |
10,000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer,
exporter and trader of superlative tyre retreading materials such as procured tread rubber, tread rubber,
cushion gum, black vulcanizing cement, rubber compound, rubber machine and
other allied products. |
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Products : |
Procured Tread Rubber, Tread Rubber, Black Vulanizing Cement, Rubber
Compounds, Cushion Gum, Self Adhesive |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10,000 |
Equity |
Rs. 10/- Each |
Rs. 0.100 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10,000 |
Equity |
Rs. 10/- Each |
Rs. 0.100 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
New Company
LOCAL AGENCY FURTHER INFORMATION
As per Website:
A comprehensive range of tyre retreading materials to cater to the requirement of automobile sector.
Impeccable quality, reasonable prices and timely delivery of the products are the
hallmark of every eminent enterprise. The above discussed factors are the
trademark at subject. The organization is a progressive manufacturer, exporter
and trader of superlative tyre retreading materials such as precured tread
rubber, tread rubber, cushion gum, black vulcanizing cement, rubber compound,
rubber machine and other allied products. Equipped with the latest technology
and supplemented by skilled workforce have enabled their company to stand
up to stringent national and international standards. The company has carved a
valuable niche for itself in today's competitive business scenario by
delivering higher grade solutions at much reasonable prices.
They boast of a highly experienced and dedicated workforce including their
competent engineers, technicians and supervisors to manufacture unsurpassable
products. Their dedication towards continuous improvement and development of
their product range results in products which offer complete reliability
through an efficient performance, even in the most arduous operating
conditions. They are capable of manufacturing 400 tonnes of tyre retreading
materials on a monthly basis. Their products are known for their high quality,
extra bonding, high durability and in synchronization with the latest technological
requirements to give extra mileage to the vehicles.
MS Powerwheels is a one stop sourcing destination for all kinds of tyre
retreading materials. Backed up by its rich expertise and sound infrastructural
setup, the company has earned the recognition of a reputable manufacturer and
exporter of the following products:
Precured Tread Rubber
Tread Rubber
Black Vulcanizing Cement
Rubber Compounds
Cushion Gum
Self Adhesive
Rubber Machinery
They also undertake orders to build custom made sizes and patterns on bulk requirements.
Unmatched Quality
They strictly adhere to stringent quality control measures right from the
procurement of raw materials to the packaging and delivering of goods. Every
product undergoes a series of strict inspection procedures that minimize every
possibility of quality degradation. The finest quality of raw material is
sourced from the reputable agents that further verifies their quality
consciousness level. Their dedication towards continuous improvement and
development of their product range results in a product which offers
reliability and performance in the most arduous operating conditions. They are
backed up by an excellent R & D department that works indefatigably to
innovate the latest solutions as per emerging requirements of the clients.
Client Oriented Approaches
Their sole business motto is to deliver a gamut of world class tyre retreading
materials at minimum possible prices to their prestigious clients. They are
better known for their client oriented approaches that further cement their
relationships with their business partners.
Product Improvement
Research and development is a regular cycle at MS Powerwheels. They are
empowered by a team of dynamic and creative research professionals who are
fueled with high degree of creativity to deliver excellent solutions as per
emerging requirement of the clients.
Timely Delivery
Their spacious warehousing facility and wide distribution network have enabled
them to ensure timely delivery of the products within the shortest time frame.
Infrastructure
MS Powerwheels is a complete amalgam of excellent manpower and ultra modern
machinery that provide them the perfect equation to manufacture world class products
at the most economical prices. They have a dedicated team of technicians and
other workers who are specialized to conduct their genre of work. Their company
has set its focus on future requirements of the Retreading Industry while
successfully meeting the present demands.
Why MS Powerwheels?
An array of premier tyre retreading materials under one roof
World class quality to suit the client's taste
Stringent quality control measures to ensure flawless production
In-house testing laboratory to conduct various quality checks
Timely delivery
Reasonable prices.
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 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.40.98 |
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1 |
Rs.80.98 |
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Euro |
1 |
Rs.54.99 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
-- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
1 |
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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 |
YES |
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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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16 |
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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