MIRA
INFORM REPORT
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Report Date : |
22.06.2007 |
IDENTIFICATION DETAILS
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Name : |
PANKAJ ELECTRONICS |
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Registered Office : |
B – 276, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1974 |
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Legal Form : |
Sole Propritory Concern |
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Line of Business : |
Dealer for Power Electronic Components System. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 2000 |
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Status : |
Small Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a small marketing concern. It works on commission basis. Trade
relations are fair. No payment are available due to the nature of it’s
activity. The concern can be considered for small to mediocre business dealings
at usual trade terms and conditions. Management remained non-cooperative during current investigation. |
LOCATIONS
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Registered Office : |
B – 276, |
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Tel. No.: |
91-11-26277854 / 26271049 / 41436670 / 71 / 72 |
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Fax No.: |
91-11-26273494 |
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E-Mail : |
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Website : |
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Area : |
Small |
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Location : |
Leased |
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Mumbai Office : |
309, Business park, |
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Tel. No.: |
91-22-28725903 |
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Fax No.: |
91-22-2875853 |
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E-Mail : |
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Branches : |
Pune |
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91-9371005327 (Mr. Sameer Abhayankar) |
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E-Mail : |
SOLE PROPRIETOR
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Name : |
Mr. S N Methi |
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Designation : |
Proprietor |
BUSINESS DETAILS
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Line of Business : |
Dealer for power Electronic Components System |
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Products : |
Power Semiconductors ·
Ixys ·
Hirect Sensors ·
Pem High Voltage Products ·
Spellman ·
Behlke Ebg Passive Products ·
Icel ·
Kestar Thermal Management Scr, Firing Board ·
Enerpro |
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Terms : |
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Selling : |
Contractual |
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Purchasing : |
Contractual |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
6 (Office) |
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Bankers : |
Not Divulged |
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Banking
Relations : |
Unknown |
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Associates/Subsidiaries : |
Pankaj Power Solutions Private Limited Line of Business: Trading Company Pankaj International Inc., Line of Business: Trading Company |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.0.500 million |
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Borrowed : |
- |
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Total : |
Rs.0.500 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
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Order Booking |
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60.000 |
LOCAL AGENCY FURTHER INFORMATION
Company Details:
When Mr S. N. Methi founded Subject in 1974, he could not have imagined the reach his small firm would eventually have. More than 30 years later, the firm has grown into a leading Power Electronic Component/System or rather solution provider to large and small enterprises alike.
And through the years, his original mission has remained the same :
To help
customers make distinctive, lasting, and substantial improvements in their
business by providing innovative solutions and to build a great firm that is
able to attract, develop, excite, and retain customers by providing high
quality products and excellent customer service.
This mission led to the incorporation of
Pankaj International Inc, USA, which provides strategic logistical
solutions to their Key OEM Accounts as well as focuses in expanding their
horizons in other parts of the world.
Pankaj Power Solutions Private Limited, is the latest and a very
important step forward taken by them to move just beyond sales & marketing
of components/systems .It is their effort now to add an immense amount of value
to their channel partners in using their state of art products &
application ideas and incorporate them into Industrial Solutions for the Global
market. This manufacturing venture is powered by their Zeal to always look beyond
the conventional and only manufacture products with the cutting edge of
technology. They will continuously improve and deliver on technology and will
always be looking for more such partners from across the world to join ideas
and hands with them.
They are a company that is dedicated to its Customers. Customer care has been
their religion since inception. All their policies and their work - methods are
structured keeping the interests of their customers in prime focus. Their
constant endeavor is to use the strengths of new technologies to improve the
competitive edge of their customers. To provide a huge range of products and
options to their customers, they have partnered with a number of major
companies from around the globe.
Their Loyalty to their suppliers is un-compromisable. As a core business
principle, they do not and will not represent any cross complimentary product
lines. All the products which they represent are only from companies which sell
on the strengths of their technical specifications. They are happy to work with
companies who value their concepts of making sales which are brand loyal. The
primary question is not how much but how you sell .This is how they make the
distinction in short term and long term visions
To deliver what they believe and say, they need distinctive logistic support
systems. They are pleased to inform that they are now running their
communication & operations on a very elaborate & customized Customer
Relationship Management platform. They will continue to surprise ourselves with
the power of such technologies and raise their efficiency bench marks day on
day.
Finally, they have been very lucky to have won the faith of their partners and
their customers by their services and innovative ideas. They are always open
and on the lookout for new products and technologies. If you have anything like
this let them know, they maybe the Partner you are looking for.
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.40.75 |
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1 |
Rs.81.17 |
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Euro |
1 |
Rs.54.59 |
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 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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 |
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37 |
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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