MIRA
INFORM REPORT
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Report Date : |
03.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
S. L. V. ENGINEERING |
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Registered Office : |
31, 9th cross Patel Chinnappa Industrial Estate, Bangalore
560091, Karnataka |
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Country : |
India |
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Year of Establishment : |
2001 |
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Financials (as on) : |
31.03.2007 |
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Legal Form : |
Partnership concern with an unlimited liability of the Partners |
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Line of Business : |
Manufacturer of Precision Sheet Metal Fabricators with complete in
house CNC Machines |
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 20000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having satisfactory track. Its payments are usually correct and as
per commitments. Trade relations are fair. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
31, 9th cross Patel Chinnappa Industrial Estate, Bangalore
560091, Karnataka |
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Tel. No.: |
91-80-32944209 |
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Mobile No.: |
91-9886296706 |
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Fax No.: |
91-80-28364209 |
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E-Mail : |
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Area : |
10000 Sq. fts. |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. A. Venkateswara Rao |
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Designation : |
Partner |
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Date of Birth/Age : |
40 Years |
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Qualification : |
B. Com |
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Experience : |
16 Years |
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Name : |
Mr. Hemchandra Reddy |
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Designation : |
Partner |
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Date of Birth/Age : |
35 Years |
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Qualification : |
B. E. (Mech) |
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Experience : |
13 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Precision Sheet Metal Fabricators with complete in
house CNC Machines |
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Products : |
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Imports : |
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Products : |
Machine |
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Countries : |
Japan |
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Terms : |
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Selling : |
60 days |
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Purchasing : |
L/C (180 days) |
GENERAL
INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
20 |
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Bankers : |
Canara Bank, Peenya, Bangalore 560058 |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Chandran and Raman Chartered Accountant |
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Address : |
Bangalore |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 5.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 5.000 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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12.000 |
10.000 |
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Profit/Loss for the year |
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10% |
10% |
Expected Sales (2007-08) : Rs. 2.500 Millions
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE
DETAILS:
With
its endeavor towards complete customer satisfaction and quality, Subject established
in 2001, has carved a valuable niche in its arena. They are a trustworthy manufacturer,
exporter and trader of Modular Furniture, Panel Boards and
Enclosures for Telecommunications, Sheet Metal Parts, etc. Their
modular furniture is marked by innovative designs and styles setting a trend in
the market. The diverse range of their products is being widely used in
numerous industries for vital applications. They have a deep understanding of
the needs and demands of the modern market, and hence, serve the varied needs
at highly competitive prices. Some of their esteemed customers include the
brands like 21st Century Office Pvt. Ltd., Charm Communication Ltd., etc.
Subject
has acquired a strong reputation in the market due to its strict adherence to
ethical business practices and transparency in its dealings. Their prime
concern is to ensure total customer satisfaction, which they are committed to
achieve by adhering to the principles of superior quality, timely delivery and
cost-effectiveness. It has been their mission since inception to enhance and
innovate their range of products each time.
Quality
Subject greatly emphasizes on the quality of its products. They believe that
success is possible only by constantly adhering to quality, efficiency and long
term relationships with their valued clients. To ensure international standards
with all their products, they maintain a well defined quality control
mechanism, which begins right from procurement of high quality raw materials
like CRCA sheets, to the manufacture of the finished products. Their staff
constantly strives to deliver the best products and after sales service to
their prestigious clients.
Infrastructure
A sound base is a necessity for an organization to thrive in the market.
Equipped with a sophisticated manufacturing unit armored with all the advanced
machinery like CNC turret punch press, hydraulic shearing machines, etc. and a
huge production capacity, S.L.V. Engineering has a competitive advantage to
cater to any bulk demand of the market. Innovative designs and impeccable
quality of each of their products are made possible by the workmanship of their
team of dedicated staff. They continually upgrade technology to keep abreast
with the changing international trends.
S.L.V.'s USP
The recognition as well as the appreciation that they have achieved from
their satisfied clients spread across the globe in all this years have been the
result of various factors. Few of these are enumerated below:
- Meeting the exacting requirements of
the customers and standards of the industry
- Production unit installed with the
latest modern technology and facilities
- Upgradation of machinery with the
latest techniques
- Competitive prices--the best price
offered in the market
- Enhancement of products both in quality
and innovation
- Adherence to the industrial norms and
international quality standards
- Timely delivery of products, providing
them an additional edge in the market
- Trust and support of a large number of
satisfied clients from across the world
- Detailed attention to the valuable
feedback and suggestions of their esteemed clients
- Special emphasis on the packaging of
products to avoid any damage while transportation.
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
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Indian Rupees |
|
US Dollar |
1 |
Rs. 39.37 |
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UK Pound |
1 |
Rs. 81.82 |
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Euro |
1 |
Rs. 56.83 |
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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
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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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. |
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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