MIRA
INFORM REPORT
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Report Date : |
23.3.2007 |
IDENTIFICATION
DETAILS
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Name : |
SOUNAM ENTERPRISES |
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Registered Office : |
K No. 120, Saboli Marh, Mandoli, Sewadham Road, Near Telphone
Exchange, New Delhi – 110093 |
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Country : |
India |
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Financials (as on) : |
31.3.2007 |
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Date of Incorporation : |
1995 |
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Legal Form : |
A Sole Proprietory concern |
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Line of Business : |
Manufacturers of Commercial Kitchen and Refrigeration equipments,
Kitchen Exhaust system, LPG gas system, Idli Steamer, Two Door Refrigerator,
Commercial Kitchen & Refrigeration Equipment, Four Burner Gas Range, Bulk
Cooker, Baking Oven, Water Cooler, Display Counter, Refrigeration &
Equipment, Kitchen & Canteen Accessories & Equipment, Stove Burners |
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 10000 |
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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 having concern satisfactory
track. Proprietor is reported as experienced and respectable businessman.
Trade relations are reported as fair. Business is active. Payment 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 : |
K No. 120, Saboli Marh, Mandoli, Sewadham Road, Near Telephone
Exchange, New Delhi – 110093 |
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Tel. No.: |
91-11-22341324, 22565274 |
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Fax No.: |
91-11-223413124 |
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E-Mail : |
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Area : |
440 Sq. Met. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Naeem Mohd Choudhary |
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Designation : |
Proprietor |
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Address : |
V-153/1, Gali No. 20 SBSH Mohalla, New Delhi – 110093 |
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Date of Birth/Age : |
37 Years |
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Qualification : |
Graduate |
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Experience : |
15 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of Commercial Kitchen and Refrigeration equipments,
Kitchen Exhaust system, LPG gas system, Idli Steamer, Two Door Refrigerator,
Commercial Kitchen & Refrigeration Equipment, Four Burner Gas Range, Bulk
Cooker, Baking Oven, Water Cooler, Display Counter, Refrigeration &
Equipment, Kitchen & Canteen Accessories & Equipment, Stove Burners |
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Products : |
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Terms : |
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Selling : |
Cash Or Credit (30 days) |
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Purchasing : |
Cash or Credit (45 days) |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
15 |
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Bankers : |
Central Bank Of India, Sahadra, Delhi – 110032 |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
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Memberships : |
Nil |
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Collaborators : |
Nil |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 3.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 3.000 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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9.500 |
9.000 |
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Profit/(Loss) Before Tax |
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10 to 12 % |
10 to 12 % |
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Provision for Taxation |
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-- |
-- |
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Profit/(Loss) After Tax |
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8 to 10 % |
8 to 10 % |
LOCAL AGENCY
FURTHER INFORMATION
As per Website Details
PROFILE
Sounam Enterprises is one of the leading manufacturers and suppliers of
complete range of Commercial Kitchen and
Refrigeration Equipments for Hotels, Restaurants, Bars, Canteens, Hospitals,
Embassies and Schools. They firmly believe that all their products must meet
internationally accepted quality standards.
And therefore, they focus on
purchasing high quality materials ensuring strict internal process control.
With the combination of fair business principles, efficient service and solid
products, they expect a successful and growth oriented future.
Relying on excellent engineers and
production experts, their strong research and development force is capable of
providing innovative products to customers from around the world so as to
better fulfill their specifications by satisfying the changing needs. Moreover,
with the expansion of international sales activities, they are advancing into
the global market drastically.
Their Quality Control Department
maintains a highly trained staff that strictly ensures incoming materials
quality by utilizing sophisticated Quality Control equipments. As a result, all
of their operations are conducted in accordance with the International
Standards of Quality Certification thereby guaranteeing maximum customer
satisfaction.
Their Special Features
Kitchen Planning
- Choosing right type of Kitchen Equipment as per covers and menu
to be served.
- Setting up area for receiving, storage, preparation, cooking
and washing.
- Making a perfect kitchen layout plan for proper working
conditions.
- Preparing technical specifications for equipment to be
installed.
Manufacturing Equipment
- Preparing detailed drawings for each equipment to be
manufactured.
- Choosing best quality to be used for manufacturing.
- Ensuring proper functioning of equipment before delivery.
L.P. Gas System
- Analyzing total amount of gas required for kitchen during
peak/normal hours.
- Preparing layout plan for gas line / gas bank. Calculating gas
piping, valves, regulators and other fittings to be used.
- Ensuring complete safety for L.P. Gas system.
Kitchen Exhaust System
- Measuring C.F.M. required for exhaust system.
- Preparing layout plan for exhaust system. Sizing exhaust
ducting to be used.
Prompt After Sales Services
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Business Type |
Manufacturer , Trading Company , Supplier |
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Primary Competitive
Advantages |
Best Quality & Prompt Delivery |
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No of Production Lines |
1 |
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Investment on
Manufacturing Equipment |
3.000 Millions |
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OEM Service Provided |
No |
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Production Type |
Semi-automatic |
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Monthly Production
Capacity |
As per requirement |
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Product Range |
Commercial Kitchen & Refrigeration
Equipments |
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.43.70 |
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UK Pound |
1 |
Rs.85.90 |
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Euro |
1 |
Rs.58.25 |
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 |
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 |
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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45 |
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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