MIRA
INFORM REPORT
|
Report Date : |
20.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
SANTEC GROUP |
|
|
|
|
Registered Office : |
Gd – 96, Santec House, Vishakha Enclave, pitampura, New Delhi – 110088 |
|
|
|
|
Country : |
INDIA |
|
|
|
|
Financials (as on) : |
1997 |
|
|
|
|
Date of Incorporation : |
09.03.2003 |
|
|
|
|
|
|
|
CIN No.: [Company
Identification No.] |
US1909Dl2003PTCC123435 |
|
|
|
|
Registration No. : |
123435 |
|
|
|
|
|
|
|
Legal Form : |
Sole Partnership Concern |
|
|
|
|
Line of Business : |
Manufacturer & Exporter of Hydraulic Presses, Vacuum Compression Moulding
Presses, Rubber Injection Moulding Machinery , Hydraulic Cylinders, pneumatic
Cylinders, Scrab Balers, Swaging Machines, Hydro testers, Compression
Moulding Presses, Lab Presses, SMC Moulding Presses, Swaging Machine or Pipe
end Forming Machine . |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
|
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established 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
|
Registered Office : |
Gd – 96, Santec House, Vishakha Enclave, pitampura, New Delhi – 110088 |
|
Tel. No.: |
91-11-27311039 / 27312642 |
|
Fax No.: |
91-11-27316436 / 42455008 |
|
E-Mail : |
info@santecindia .com / manish@santecindia .com |
|
Website : |
http://www.santecindia.com /
www.hydraulisindia.com |
|
Area : |
130 Sq. mt. ( 3 Stories Ground Fllor is used for Office, 1st
Floor & 2nd Floor as residence of Mr. U. K. Sangal ) |
|
Location : |
Owned |
|
|
|
|
|
|
|
Factory 1 : |
Plot No. 92 / 6, Road No.4, Mundka Udyog Nagar, Mundka Extn. Behind
Abhinandan Vatika, Rohtak Road, Delhi - 110041 |
|
Tel. No.: |
91-11-28342825 |
|
Location : |
Owned |
|
|
|
PARTNERS
|
Name : |
Mr. U. K. Sangal (CEO ) |
|
Designation : |
Partner |
|
Mobile : |
91-9811664677 |
|
|
|
|
Name : |
Mrs. Richa Sangal |
|
Designation : |
Partner |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer & Exporter of Hydraulic Presses, Vacuum Compression
Moulding Presses, Rubber Injection Moulding Machinery , Hydraulic Cylinders,
pneumatic Cylinders, Scrab Balers, Swaging Machines, Hydro testers,
Compression Moulding Presses, Lab Presses, SMC Moulding Presses, Swaging
Machine or Pipe end Forming Machine . |
|
|
|
|
|
|
|
Exports : |
|
|
Countries : |
Malaysia, United States, United Kingdom, United Arab Emirates, Egypt,
Vietnam, Sri-Lank, Nepal , Bangladesh, South Africa , Kenya, Bahrain , Iran, Seychelles,
Indonesia, Greece, North America, Western Europe, Middle East, Africa,
Europe, Asia |
|
Terms of Export : |
L / D, DA, DP : All no Credit |
|
Imports : |
|
|
Countries : |
Korea, Taiwan |
|
Terms of Imports : |
L / C, DA, DP : All No credit |
|
|
|
|
Terms : |
|
|
Selling : |
Very Little |
|
|
|
|
Purchasing : |
Cash or 30 Days Credit |
GENERAL
INFORMATION
|
Suppliers : |
1] B K Gartg Spat Limited 2] Alliance Auto Machines 3] Navyog Electric Motors –
Delhi 4] All India Rubber Industries Corporation – Delhi 5] B K Garg - New Delhi |
|
|
|
|
Customers : |
M. K. Electric – Malaysia 2] Arabin Fiber Glass – U A E 3] Habib Plastic – Bangladesh |
|
|
|
|
No. of Employees : |
70 |
|
|
|
|
Bankers : |
I D B I Bank, Pitam Pura, New Delhi - 110088 |
|
|
|
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
|
|
|
Memberships : |
1] CII (Council of Institutional Investors ) 2] AIRIA (All India Rubber Industries Association ) EEPC (Engineering Export Promotion Council ) |
|
|
|
|
|
|
|
Associates : |
Santec Exim Private Limited |
CAPITAL STRUCTURE
Authorised Capital :
|
Capital Investment : |
|
|
Owned : |
Rs.6.000 Millions |
|
Borrowed : |
---- |
|
Total : |
RS.6.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
55.000 |
50.000 |
|
|
|
|
|
|
Expected Sales (2007-08) : Rs.60.000 Millions
LOCAL AGENCY FURTHER
INFORMATION
1] SANTEC EXIM PRIVATE LIMITED
- Incorporation
date : 09.03.2003
- Com. Reg No.
: 55-1234 35
- CIN No. : US1909Dl2003PTCC123435
- Directors :
1] Mr. U. K. Sangal (MD)
2] Mrs. Richa Sangal
Website Attach :
Company Profile :
In the present business scenario, its a fight for existence
and the company with the most viable business plan & strategies survive in
the corporate world. Santec, guided by hard work, sincerity and a determination
to excel, has emerged as one of the largest & leading manufacturers of
hydraulic & other machinery. Reputed as one of the fastest growing
companies in India, it is widely recognized not just for excellence in
workmanship, materials and finish but also for technical aspects of its products.
Aim
Concern aim to be the leader in
manufacturing high quality machinery in the world. Concern will differentiate
our selves from their competitors through their efforts on Quality & better
satisfy our customer's needs.
Vision
'SANTEC' will be the customer preferred machinery & plant
supplier in the years to come, through speedy innovations continuous
improvement in Quality & processes, strategic partnerships & unmatched
customer services.
Mission
'SANTEC' is a team of dedicated individuals who share commitment
to attaining world class performance in customer services, information
management, product design & manufacturing. Concern will be the leading,
growing supplier of industrial machinery / Equipments & plants for the
global industries.
Concern will make the quality of life for their employees the best &
provide superior financial performance within SANTEC...
R&D
"Their Engineering & manufacturing personnel have a broad
range of experience in designing & producing Quality machinery &
Inspection Equipment, this experience assures you machinery that will do the
job right & produce profits in your operation.
Customer
Satisfaction
Concern truly believe that customer is the king. Hence, all our
products and services are directed to achieve 100% customer satisfaction and
their obligations don't end with the sale of their products. In order to
establish long term commercial relationships with their customers, concern
provide excellent after-sales services, while maintaining a comprehensive
back-up of spares & services.
Concern have a team of service engineers, who are responsible for providing
efficient & prompt after-sales-service on the field. Additionally, concern
also maintains a complete after-sales-service network and sales & service
agents in different countries.
Clientele
Owing to their customer-friendly product range and excellent
after-sales services, concern have won the good will of their hugely satisfied
clientele, across the world. Concern have been exporting concern machines to
more than 20 countries worldwide including USA, U.K., Colombia, Chile,
Venezuela, Belgium, France, Yugoslavia, Russia, Kuwait, Oman, Saudi Arabia,
U.A.E., South Africa, Kenya, Uganda, Egypt, Bangladesh, Sri Lanka, Nepal,
Malaysia, Singapore, Seychelles, Nigeria, Syria, Australia, Indonesia, Vietnam,
Behran, Iran, to name a few.
Range of Products :
- All Kinds of
scrab balers for both metallic and non metallic scrap i.e. turnings,
plastic, carton boxes, paper, etc.
- Hydraulic pressesi.e.
deep drawing, bending, shearing, punching, blanking, pressing, Moulding
etc.
- Compression
Moulding Presses
- Vacuum
Compression Moulding Presses
- Transfer
Moulding Presses
- SMC / DMC /
FRP Moulding Presses
- Melamine /
Composite material Moulding Presses
- Rubber
Machinery i.e dispersion kneader, rubber mixing mills, extruders calander
M / C etc.
- Hydraulix
Cylinder/ Jacks
- Swaging
Machines, etc.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.63 |
|
UK Pound |
1 |
Rs.85.58 |
|
Euro |
1 |
Rs.58.08 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|