MIRA
INFORM REPORT
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Report Date : |
08.05.2007 |
IDENTIFICATION DETAILS
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Name : |
BLUE SKY SYSTEM |
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Registered Office : |
A-53/2, Amritpuri-A, Near 'A' Block
Market, East of Kailash, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1988 |
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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 Importer of Wrist Strap, Heel Grounder,
Slipper / Shoes / Over Shoes, Floor Mat / Table Mat, Grounding Leads, Plastic
Corrugated Boxes, PCB Racks, Conductive Foam / Anti – Static Foam, Anti
Static Pink Transparent Bag, Conductive Black Bag, Gloves / Finger Cot, Anti
– Static Aprons, 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 14000 |
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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 relatively small 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 for small business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office / Factory : |
A-53/2, Amritpuri-A, Near 'A' Block Market, East of Kailash, |
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Tel. No.: |
91-11-26239410 / 26901633 / 26417351 / 32433414 |
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Mobile No.: |
91-9312834665 [Mr. Jasbir S Chadda] 91-9312995421 [Mr. Sumeet Chadda] 91-9312834665 [Mr. K.S. Arora] |
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Fax No.: |
91-11-26239409 |
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E-Mail : |
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Website : |
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Area : |
2000 sq. fts. [Owned] |
PARTNERS
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Name : |
Wing Commander Jasbir S Chadda |
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Designation : |
Partner |
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Date of Birth/Age : |
64 Years |
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Qualification : |
B. E. |
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Experience : |
20 Years |
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Name : |
Mr. Sumeet Chadda |
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Designation : |
Partner |
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Date of Birth/Age : |
31 Years |
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Qualification : |
B. E. |
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Experience : |
7 Years |
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Name : |
Mr. K.S. Arora |
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Designation : |
Partner |
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Date of Birth/Age : |
66 Years |
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Qualification : |
Graduate |
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Experience : |
35 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Wrist Strap, Heel Grounder,
Slipper / Shoes / Over Shoes, Floor Mat / Table Mat, Grounding Leads, Plastic
Corrugated Boxes, PCB Racks, Conductive Foam / Anti – Static Foam, Anti
Static Pink Transparent Bag, Conductive Black Bag, Gloves / Finger Cot, Anti
– Static Aprons, etc. |
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Products : |
ESD WORK STATION ACCESSORIES Ø
Wrist Strap Ø
Heel Grounder Ø
Slippers/ Shoes/
Over shoes Ø
Floor Mat, Table Mat Ø
Grounding Leads Ø
Laminate Ø
Anti Allergen, Link
Free, Flexible, Brass Wrist Strap With, TWIN PARALLEL Ø
COIL CORD Ø
Common Point
Grounding Lead Ø
Static Dissipative,
Extra Light, Very comfortable Slippons ESD SAFE STORAGE Ø
Plastic Corrugated
Boxes Ø
PCB Racks Ø
Conductive Foam/
Anti- Static Foam Ø
Bins, Crates &
Component Organiser ESD SAFE PACKING Ø
Anti Static Pink
Transparent Bag Ø
Static Shielding
Mettalized Bag Ø
Conductive Black Bag Ø
Anti- Static Air
Bubble Bag Ø
Anti- Static Foam
(Expended Polythene) Bag
Ø
Gloves/ Finger Cot Ø
Anti- Static Aprons Ø
Anti- Static Sprays Ø
ESD Safe Work
Station Ø
Anti- Static
Cleaning Detergent Ø
ESD Safe Chair Ø
ESD Field Service
Kit Ø
Static Area
Eliminator |
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Exports : |
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Countries : |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
L/C, D/A and DP : All, 30 days Credit Local Sales : Cash or Credit [30-45 days] |
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Purchasing : |
L/C, D/A and DP : All, 30 days Credit Local Purchase : Cash or Credit [30-45 days] |
GENERAL INFORMATION
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Suppliers : |
Ø
Wahluen Trading Company – Ø
Oriental Polymer Limited – |
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Customers : |
Avery India Limited Adhunik Power Systems
(Private) Limited Astro Tech Anu Auto Industries Private
Limited Avk-Seg & Controls ( Accurate Meters Limited Bharti Telecom - Benning Smc Power System
Private Limited Barco Electronics System
(Private) Limited Bharat Electronics Limited-
Kotdwara Calcom Vision Limited C. Dot Deltron Limited Dixon Utilities & Exports
Limited Denso India Limited Dalmia Elect Corporation Ece Industries Limited Flash Electronics (I) Private
Limited Genus Overseas Electronics Hcl Infosystems Limited Himachal Futuristic Comm.
Limited ITI- Rae ITI- Naini Indo Asian Fuse & Gear
Limited Instel Engineering Indian Air Lines Limited Kushanga Appreal Private
Limited LG Electronics ( Modern Instrument Private
Limited Matsushita Television & Pulse Engineering Philips India Limited Proview Electronics Proview Infotech Private
Limited Rockwin Flowmeter SGS Tekniks Private Limited Super Cassette Saraswati Dynamics (Private)
Limited S.M. Creative Elect (Private)
Limited Semi Conductior Complex Samtal India Limited TTL Limited Tritronics ( Timex Watches Limited Tancom Electronics Tei Technologies Private
Limited Sukam Commu. System Limited XO Infotech Limited |
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No. of Employees : |
10 |
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Bankers : |
Ø
State Bank of Ø
Kotak Mahindra Bank Limited, C. Palace, |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Associates/Subsidiaries : |
American CT
Technology India Private Limited Name approved, incorporation is in possess Application No. : A09017112
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 3.500 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 3.500 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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35.000 |
30.000 |
Gross Profit : 12 %
Profit After Tax : 7 to 8 %
Expected Sales (2007-08) : Rs. 40.000 Millions
LOCAL AGENCY FURTHER INFORMATION
AS PER WEBSITE
Company Profile
Subject is a single stop source for complete range of aids, products
and solutions for PCB Assembly and electronic manufacturing
They aim to provide practical and cost effective products
and solutions which increase productivity, reduce costs and increase quality in
production.
Since its inception, in 1988, continuous focus on quality,
technology and infrastructure have enabled us to attain leadership status in
the industry.
Over the years, they have provided satisfactory service and
products to their customers. Their track record has earned us an enviable reputation
in the Electronic Industry.
COMPANY'S CODE OF CONDUCT
The company is committed to integrity as the cornerstone of
the way it does business. The company and its employees have a commitment to
its customers, subcontractors, suppliers, competitors, local communities,
stockholders, and the nation to conduct business in an ethical and legal
manner. This requires that they:
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Conduct all dealings with their
customers and suppliers with honesty and integrity.
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Know, understand, and comply with the
laws, regulations, and codes of conduct governing the operation of their
business- both domestic and foreign.
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Protect information that belongs to
company, their customers, suppliers, and fellow workers
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Avoid conflict of interest, both real
and perceived.
STANDARDS OF CONDUCT
It is the company's policy to conduct business in accordance
with National, State and local laws. The policy also requires adherence to the
highest standards of business ethics and conduct.
They look forward to their continued association with the
company with their commitment to do business with the highest standards of
ethics.
MARKETED BY : - ( EXCLUSIVE DISTRIBUTORS)
LENSEL OPTICS, PUNE-
Magnavision
Deluxe. Flexible arm lluminated Magnifiers.
ALKON PLASTICS PRIVATE LIMITED-
PCB Storage Racks, Conductive Bins & Modular Systems,
Conductive Storage Boxes Racks & Trolleys.
TIME ENGINEERS,
PCB Insertion Aids, PCB Assembly Jig, Axial Lead
Machine, Radial Lead Machine, IC lead Straightener & Preformer
ICM COMPONENT ENTERPRISES, AHMEDABAD-
Soldering
Chemicals- RA , RMA and No Clean Fluxes,
Product
ESD
Protection
Statfighters
for Static Safe Area
Statfighter Work Station
Statfighter Wrist Strap Set
Statfighter Mat
Statfighter Conductive Mat
Statfighter Heel Grounder
Statfighter Floaters
Statfighter Conductive Leather Shoes
Statfighter Lab Coat
Statfighter Esd Hand Gloves
Statfighter Conductive Gloves
Statfighter Grounding Leads
Statfighters
Packing / Transportation
Statfighter Anti Static Pink Poly Bags
Statfighter Anti Static Air Bubble Bags
Statfighter Metallised Shielding Bags
Statfighter Metallised Bubble Shielding Bags
Statfighter Conductive Bags
Statfighter Conductive Foam
Statfighters
Material Handling
Statfighter Supra Bins Conductive
Statfighter Conductive/ Nonconductive Hinged Boxes
Static Big Box With Foam
Statfighter Hinged Box With Handle And Locking Facility
Statfighter Conductive Foam
Statfighter Concepta Trays
Statfighter Component Organiser
Statfighter Flutted Plastic Conductive/ Nonconductive Trays
Statfighter Fluted Plastic Box With Lid Conductive/
Nonconductive Box
Statfighter Fluted Plastic Nestable & Stackable Box
Conductive/ Nonconductive
Statfighter Slotted Dividers
Statfighter Plastic Corrugated Sheets
Statfighters
ESD Testers
Statfighter Wrist Strap Tester
Statfighter Personal Test Station
Statfighter Static Charge Meter
Statfighter Surface Resistivity Meter
Assorted
Statfighters
Statfighter Earth Stud Kit
Statfighter Esd Chairs
Statfighter Field Kit
Statfighter Static Awareness Poster
Statfighter Floor Marking Tape
Statfighter Esd Area Caution Signs
Statfighter Anti Static Brushes
Statfighter Conductive Brushes
Statfighters
PCB Racks
Statfighter Conductive/ Nonconductive Adjustable Racks
Statfighter Conductive/ Nonconductive Fixed Racks
Statfighters
Modular System – ESD
Statfighter Modular System Esd
Statfighters
Office Products
EMI
Shielding
Nickle-Copper C12
Becu Emi Fingerstock
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 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.41.00 |
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1 |
Rs.81.80 |
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Euro |
1 |
Rs.55.58 |
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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