MIRA
INFORM REPORT
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Report Date : |
12.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
SHIV INDUSTRIES |
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Registered Office : |
18, HSIDC Industrial Estate, Rai, Sonepat, Haryana, India |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1987 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturers of gift items like candles, lace, bag, terracotta, aroma,
home furnishing, sheet metal components, ceramic products and trading of
artificial jwellery and allied items. |
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 5000 |
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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. Proprietor is
reported as experienced and respectable businessman. 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 : |
18, HSIDC Industrial Estate, Rai, Sonepat, Haryana, India |
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Tel. No.: |
91-130-3293888 / 2366488 |
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Mobile No.: |
91-9350444111 |
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Fax No.: |
91-130-2366388 |
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E-Mail : |
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Website : |
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Area : |
450 sq. mtrs. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Rambir Sharma |
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Designation : |
Proprietor |
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Address : |
Cole Market, New Delhi |
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Date of Birth/Age : |
43 Years |
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Qualification : |
Graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of gift items like candles, lace, bag, terracotta,
aroma, home furnishing, sheet metal components, ceramic products and trading of
artificial jwellery and allied items. |
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Product : |
Ø
Gifts Ø
Furniture Ø
Artificial Jewellery Ø
Bed Sheets and Cushion Ø
Ceramic Products Ø
Aroma Products Ø
Ø
Henna Products Ø
Sheet Metal Fabrication Ø
Home Furnishing Ø
Glass Products Ø
Turned Components Ø |
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Exports : |
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Countries : |
USA, Canada and Europe |
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Imports : |
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Products : |
Machinery |
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Countries : |
Korea |
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Terms : |
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Selling : |
Cash and Credit [30 days] |
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Purchasing : |
L/C, Cash, Credit [30 days] and at Sight against documents. |
Bags
Car
Products
GENERAL
INFORMATION
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No. of Employees : |
36 |
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Bankers : |
Indian Overseas Bank Gole Market, New Delhi – 11001 |
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Facilities : |
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Banking Relations
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Satisfactory |
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Auditors : |
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Name : |
Negi and Company Chartered Accountants |
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Address : |
New Delhi |
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Associates/Subsidiaries : |
Divine Automats Rai, Sonepat |
CAPITAL STRUCTURE
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Capital Investment : |
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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]
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Particulars |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
11.500 |
9.800 |
9.200 |
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Profit/Loss for the year |
0.250 |
0.215 |
0.200 |
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE
With a humble beginning in 1987, Shiv Industries began with
a single - minded determination to explore opportunities in the Precision Turned
Components manufacturing industry and thus started its pursuit of perfection
and its zeal for complete customer satisfaction.
Adding
value to every batch manufactured, by earning and keeping customer trust and by
helping customers earn and keep the trust of their own customers. Shiv
Industries has created a distinct niche for itself in the business.
The
hallmarks of their Company have always been high quality, timely deliveries and
customer commitments. The Company's clear aim is to maintain and enhance their
enviable position in the market.
Shiv Industries are today engaged in the manufacturing and
sub-assembly of precision components, of complex design and close manufacturing
tolerances, for the automotive, and electrical and industries.
The Mission
The continuous development of a company that partners
customers in their progress... delivering products with zero defect... on
time.... every time. Targeting always to surpass their expectations of them.
The Quality Policy
"To achieve and maintain leadership in manufacturing
precision components, by adopting continual improvement methods and employee
motivation."
Quality Focus
In Shiv Industries, continuous improvements of processes is
not an assignment, but a way of life. This tradition of quality consciousness
is linked directly to the Group's history of excellence and success.
Raw materials are sourced predominantly from reputed steel mills and customer
approved suppliers. Predictive equipment maintenance schedules ensure process
capability at all times.
As a preventive measure, statistical techniques are applied for critical
product characteristics, to enable early warning and for detection of failures.
The skilled workforce is well aware of these statistical techniques and hence
timely corrective actions are initiated through a process of operator
inspection.
To ensure accurate measurement of all characteristics on manufactured parts,
the individual units have obtained a variety of measuring instruments .Thus,
customers are assured of optimized processes and product characteristics that
are verified constantly.
Customer Ratings
They have been consistently rated over a period of 18 years
as an 'A' category supplier for Quality and Delivery by their reputed customer.
Over this period, their operating companies have received Performance Awards
and Awards for Excellence.
Further, both operating companies qualify for self-inspection and 'Just In
Time' supply of components for delivery to the Customer assembly lines.
In addition to supplying to a substantial number of domestic customers, their
components and sub-assemblies are exported to the Customers' plants in USA and
UK.
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 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.44.22 |
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UK Pound |
1 |
Rs.85.27 |
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Euro |
1 |
Rs.58.24 |
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 |
5 |
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--LEVERAGE |
1~10 |
5 |
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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 |
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 |
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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46 |
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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