MIRA
INFORM REPORT
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Report Date : |
29.06.2007 |
IDENTIFICATION DETAILS
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Name : |
SANGHI OVERSEAS |
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Registered Office : |
1 2 Turf View, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
Mid 1980s |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMS18390B |
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PAN No.: [Permanent
Account No.] |
AAMFS0172P |
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Legal Form : |
Partnership concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturer, exporter and
supplier of Industrial gas plants and Allied equipments. |
RATING & COMMENTS
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MIRAs 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 80000 |
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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/ Corporate Office : |
1 2 Turf View, |
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Tel. No.: |
91-22-24945464 (12 Lines) |
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Mobile No.: |
91-9821546180 |
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Fax No.: |
91-22-24947052 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory 1 : |
Taloja Unit: Sanghi Organization, Plot No. 4, MIDC, Taloja, District Raigad, |
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Tel. No.: |
91-22-27411165 |
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Fax No.: |
91-22-27411816 |
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Location : |
Owned |
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Factory 2 : |
Navi Mumbai Unit: Vitesse Fabrication Division, MIDC, Plot D 108 / 2, TTC Industrial
Area, Behind |
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Telefax No.: |
91- 22-27633294 |
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Location : |
Owned |
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Factory 3 : |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Vaibhav Sanghi |
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Designation : |
Partner |
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Date of Birth/Age : |
43 years |
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Qualification : |
MBA |
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Experience : |
20 years |
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Name : |
Mr. Ashwin Sanghi |
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Designation : |
Partner |
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Date of Birth/Age : |
33 years |
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Qualification : |
MBA |
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Experience : |
15 years |
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Name : |
Mr. M K Sanghi |
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Designation : |
Partner |
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Date of Birth/Age : |
70 years |
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Qualification : |
MBA |
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Experience : |
45 years |
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Name : |
Mrs. Manju Sanghi |
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Designation : |
Partner |
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Date of Birth/Age : |
65 years |
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Qualification : |
MBA |
KEY EXECUTIVES
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Name : |
Mr. Pradeep Dutta |
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Designation : |
Exports DGM |
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E-Mail : |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, exporter and
supplier of Industrial gas plants and Allied equipments. |
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Products : |
v
Oxygen / Nitrogen Plants of 40 to 1000 cu.m / Hr
Capacity v
Acetylene and 100 cu.m. / Hr. Capacity v
Nitrogen Oxide plants of 8 cu.m. / Hr v
Co2 of 50 500 Kg / Hr. |
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Exports to: |
Malaysia, Indonesia, Mauritius, Gambia,
Iran, Sharjah, Abu Dhabi, Qatar, Nigeria, Dubai, Syria, Uganda, Tanzania,
Argentina, Peru, Ecuador, Sultanate of Oman, Saudi Arabia, Nepal, Egypt,
Honduras, Kenya, Chile, Cyprus, Egypt, Ghana, Guatemala, Portugal, Romania,
Sri Lanka, Zimbabwe, Libya, Zambia, Sudan, Morocco etc. |
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Imports : |
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Products : |
Raw materials |
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Countries : |
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Terms : |
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Selling : |
L/C, Advance or D/P |
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Purchasing : |
Against Cash Credit |
GENERAL INFORMATION
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Customers : |
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Wholesalers v
Retailers v
End Users v
OEMs |
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No. of Employees : |
Not Available |
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Bankers : |
v
Bank of v
Kotak Mahindra Bank
Nape sea Road Branch |
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Facilities : |
Concern enjoys credit limits facility from Kotak Mahindra Bank. |
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Satisfactory |
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Banking
Relations : |
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Associates/Subsidiaries : |
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Name: |
Sanghi Organization |
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Address: |
1 2 Turf View, |
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Line of
Business: |
Manufacturer, exporter and
supplier of Industrial gas plants and Allied equipments. |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 20.000 millions |
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Borrowed : |
- |
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Total : |
Rs. 20.000 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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250.000 |
150.000 |
Expected Sales (2007-08): Rs. 300.000 millions
LOCAL AGENCY FURTHER INFORMATION
Website details attached:
Subject is a
leading manufacturer, exporter and supplier of Industrial gas plants and Allied
equipments. The company's engineering & fabrication division is located at
Taloja in
The company has numerous years of experience in this competitive field and has
a line up of modern facilities including Machinery, Tooling and Assembly. Its
product range includes Oxygen/Nitrogen plants of 40 to 400cu.m./Hr. capacity,
Acetylene plants of 45 and 100 cu.m./Hr. capacity and Nitrous Oxide plants of 8
cu.m./Hr to 24 cu.m./Hr.
Subject has established over 200 such projects in
With professional management, vast experience, modern facilities, high
performance products, reliable services, competitive prices and a sincere
commitment to customer satisfaction, subject is the perfect solution for all
your requirements in Industrial Gas plants and Allied Equipment.
Primary Competitive Advantages
International standards of quality,
High performance plants & equipment,
Reliable & efficient services
A sincere commitment to customer satisfaction
Contact Information
Maruti-Suzuki Distribution Business
Worli Showroom: Vitesse Limited, 1 Turf View, Seth Motilal G.Sanghi Marg, Worli, Mumbai 400 018. Phone +91 22 24945464. Fax +91 22 24947052. Email sales.worli@vitesseltd.com.
Lokhandwala Showroom: Vitesse Limited, B-10, Gopi Chambers, Opp. Fame Adlabs, New Link Road, Andheri (W), Mumbai - 400 053. Phone +91 22 26735464. Fax +91 22 26741425. Email sales.andheri@vitesseltd.com.
Prabhadevi Workshop: Vitesse Limited, c/o Sarayu Investments Ltd., 77 A Palki Gully, Off Veer Savarkar Marg, Prabhadevi, Mumbai - 400 025. Phone +91 22 24229747. Fax +91 22 24360511. Email ws_prabhadevi@vitesseltd.com.
Andheri Workshop: Vitesse Limited, Shah Industrial Estate, Plot 11, Link Road, Andheri (W), Mumbai - 400 058. Phone +91 22 26730787. Fax +91 22 26730192. Email ws_andheri@vitesseltd.com.
Taloja Stockyard & PDI facility: Vitesse Limited, Plot 4A MIDC Industrial Area, Taloja, District Raigad, Maharashtra - 410 208. Telefax +9122 27411166. Email vit_thaloja@vitesseltd.com
Vapi Workshop: Vitesse Limited, Survey 137/1 & 148/1, Valvada, National Highway No.8, Near Karambele Station, District Valsad, Gujarat - 396 105. Phone +91 260 2707301. Fax +91260 2707065. Email vitesseltd@sify.com.
Mercedes-Benz Distribution Business
Hughes Road Showroom:
Sanghi Motorcar Co., 39-A, N.S.Patkar Marg (
Lower Parel Workshop:
Sanghi Motorcar Co., Block No.28, Raghuvanshi Mills Compound, 11/12, Senapati
Bapat Marg,
Industrial Gases Manufacturing Business
Navi Mumbai Plant:
Geld of Limited, MIDC Plot D-108/1, TTC Industrial Area, Behind
Rajasthan Plant: Kota
Oxygen Private Limited, 1, Udyog Marg,
Engineering & Exports Business
Corporate Office: Sanghi Overseas, 1 Turf View, Seth Motilal G.Sanghi Marg, Worli, Mumbai - 400 018. Phone +91 22 24945464. Fax +91 22 24947052. Email mail@sanghioverseas.com.
Taloja Unit: Sanghi
Organization, Plot No.4, MIDC, Taloja, Dist. Raigad,
Navi Mumbai Unit:
Vitesse Fabrication Division, MIDC Plot D-108/2, TTC Industrial Area, Behind
Hospitality Business
Corporate Office: Sanghi Udyog India Ltd, 1 Turf View,
Seth Motilal G.Sanghi Marg, Worli, Mumbai - 400 018. Phone +91 22 24945464. Fax
+91 22 24947052. Email sanghihospitality@mksanghi.com.
Prabhadevi Project: Sanghi Residency, 77 A Palki Gully,
Off Veer Savarkar Marg, Prabhadevi, Mumbai - 400 025.
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 Intl
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 companys 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. 40.84 |
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1 |
Rs. 81.81 |
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Euro |
1 |
Rs. 55.03 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
YES |
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--AFFILIATION |
YES/NO |
YES |
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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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48 |
This score serves as a reference to assess SCs 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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