MIRA
INFORM REPORT
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Report Date : |
16:03:07 |
IDENTIFICATION
DETAILS
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Name : |
PREETHAM PRODUCTS |
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Registered Office : |
D-47, Phase I, IDA, Jeedimetla, Hyderabad – 500 055, Andhra Pradesh |
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Country : |
INDIA |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
2004 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of PVC Caps,
Grips, etc, |
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 40000 |
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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 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 : |
D-47, Phase I, IDA, Jeedimetla, Hyderabad – 500 055, Andhra Pradesh |
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Tel. No.: |
91-40-23194628/ 23194633 / 23095266 |
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Mobile No.: |
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Fax No.: |
91-40- 23095448 |
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E-Mail : |
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Website : |
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Area : |
20000 sq.ft |
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Location : |
Owned |
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SOLE
PROPRIETOR/PARTNERS/DIRECTORS
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Name : |
Mr. B. J. Jawahar |
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Designation : |
Manager |
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Address : |
H. No. 3-6-61/13, Vivekananda Nagar, Kukatpally, Hyderabad – 500 072 |
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Date of Birth/Age : |
16-04-1947 [60 Years ] |
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Qualification : |
Diploma in Mechanical Engineering |
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Experience : |
30 Years |
KEY EXECUTIVES
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Name : |
Mr. Raghuram |
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Designation : |
Assistant Manager |
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Mobile : |
91-9885258482 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of PVC Caps |
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Products : |
PVC Made |
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Brand Names : |
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GENERAL
INFORMATION
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Customers : |
Wholesalers , Retailers , End Users, OEM’s |
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No. of Employees : |
37 |
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Bankers : |
State Bank of Hyderabad. Plot No. 34, Road No. 71, Shapurnagar Branch,
Jeedimetla, Hyderabad – 500 055 |
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Facilities : |
Rs.2.000 Millions |
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Auditors : |
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Name : |
B. Narasing Rao & Co. |
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Address : |
Mr. B. Narasing Rao, No. 610, Babukhan Estate, Basheerbagh, Hyderabad
– 500 001 |
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Tel. No.: |
91-40-23232745 |
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Fax No.: |
91-40-23232745 |
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Associates |
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Name : |
1] M/s Chaithanya Dip Moulding Works |
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Address : |
Plot No. 52, ALEAP Ind. Estate,
Gajularamaram Village, Pragathi Nagar, Kuktpally, Hyderabad – 500
108 |
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Line of Business : |
Manufacturing of Dip Moulding Items |
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Name : |
2] M/s Anu Technological Services |
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Address : |
D-48, Phase – I, IDA
Jeedimetla, Hyderabad – 500 055 |
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Line of Business : |
Manufacturing of Wheel Balancing Weights & Spin Casting |
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Name : |
3] Ko & In India (Exports ) |
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Address : |
D-47, Phase – I, IDA Jeedimetla, Hyderabad – 500 055 |
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Line of Business : |
Exports |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 8.598 Millions |
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Borrowed : |
Rs.2.000 Millions |
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Total : |
Rs.10.598 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 |
7.463 |
5.518 |
2.384 |
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Profit for the year |
0.248 |
0.033 |
0.464 |
LOCAL AGENCY
FURTHER INFORMATION
Anu Group Profile :
Anu Group : consists of the following
SSI Units engaged in diver activities with a common mission of becoming a
reliable and cost different industrial
needs
Preetham Products :is an ISO 9001:2000
certified company with m being the flexible dip moulded PVC components
like electrical bellows, protection caps, grips as well as corporate gift items
of
Chaithanya Dip moulding Works : is an ISO 9001
: 2000 certified company the activity, manufacturing automobile wiring harness
insulations customer base.
Padmanabhan Products : is the manufacturer of
two wheeler engine guard, side handles, seats and tank covers, etc. of pretty
Anuja Electronics : is the manufacturer of
designed and made to voltage stabilizers, ballasts, lighting fixture and PCB
assemblies.
Anu Technological Services : is engaged in
spin casting of components in zinc
and its alloys, and lead. It also products items weights and idols. All the
units possess well maintained and infrastructure manned by satisfied and
committed talent professionals. We
offer proactive services to the customer communication networks.
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.44.17 |
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UK Pound |
1 |
Rs.85.58 |
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Euro |
1 |
Rs.58.67 |
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 |
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 |
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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42 |
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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