MIRA
INFORM REPORT
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Report Date : |
03.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
SHREE SUPER INDUSTRIES |
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Registered Office : |
226/C, B.T. Compound, Malad (w),Mumbai - 400064, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1995 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturers and Exporters of Cable Glands, PVC Shrouds with FRLS
Grade, Cable Lugs, and other related wiring accessories. |
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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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 and reputed concern having satisfactory
track. Trade relations are fair. Payments 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 : |
226/C, B.T. Compound, Malad (w),Mumbai - 400064, Maharashtra, India |
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Tel. No.: |
91-22-28894793 |
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Mobile No.: |
91-9324403389 / 9324494793 |
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Fax No.: |
91-22-28815414 |
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E-Mail : |
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Website : |
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Area : |
900 sq. ft. [Owned] |
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Branches : |
A – 40, GIDC, Shanker Tekri, Jamnagar |
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Tel. No.: |
91-288-2560728 |
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Area : |
Approx. 3000 sq. ft. [Owned] |
PARTNERS
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Name : |
Mr. Atul Dedhia |
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Designation : |
Partner |
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Date of Birth/Age : |
38 Years |
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Qualification : |
Mech. Engineer |
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Name : |
Mr. Paresh Dedhia |
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Designation : |
Partner |
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Date of Birth/Age : |
34 Years |
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Qualification : |
Engineer in Production Tech. |
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Name : |
Mr. Harish Fala |
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Designation : |
Partner |
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Date of Birth/Age : |
52 Years |
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Qualification : |
Under – Graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Exporters of Cable Glands, PVC Shrouds with FRLS
Grade, Cable Lugs, and other related wiring accessories. |
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Products : |
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Exports : |
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Countries : |
UK, Singapore, Hong Kong, Malaysia, UAE, Europe, Middle East etc. |
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Imports : |
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Countries : |
UK and Middle East |
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Terms : |
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Selling : |
L/C, Cash, Credit [30 days] and CAD |
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Purchasing : |
Cash, Credit [30 - 45 days] and CAD |
GENERAL
INFORMATION
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Customers : |
Wholesalers, OEM’s and Distributors
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No. of Employees : |
35 [In Factory : 5 and In Factory : 30] |
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Bankers : |
Bank of India Malad [West] Branch |
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Facilities : |
C/C and O/D Rs. 7.000 Millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
H. T. Chheda and Company Chartered Accountants |
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Address : |
Mumbai, Maharashtra, India |
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Memberships : |
Engineering Export Promotion Council |
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Associates/Subsidiaries : |
Standard Metal
Industries, Virar Activities : Manufacturers and Exporters of Cable Glands, PVC Shrouds
with FRLS Grade, Cable Lugs, and other related wiring accessories. |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Available |
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Borrowed : |
Not Available |
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Total : |
-- |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 [Approximately] |
31.03.2006 [Approximately] |
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Sales Turnover |
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35.000 |
27.500 |
Expected Sales (2007-08) : Around Rs. 42.000 – 45.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference
- M.
Tskogiannis S. A. [Armet S. A.] Greece
- AWS
Fertigungstechnik GmbH Germany
- Babel
International Limited – HK
- Radiform
Australia Pty Limited – Singapore
- Radiform
Australia Pty limited – Australia
- Shakeri
Electronic LLC UAE
- Bowethorpe
Hellermann Distributors – UK
- Cleveland
Cable Company Limited, UK
- Doncaster
Cables Limited – UK
- Eltham Export
Limited – UK
As Per Website
Subject is the specialists in Cable
Glands and other related electrical wiring accessories. Subject is the manufacturer, exporter and
supplier of high-class Cable
Glands, Cable Lugs, and other related wiring accessories from India.
Formed in 1968 as a component manufacturer, the company has grown exponentially
to offer complete range of cable termination solutions. Subject have three plants working under
full capacity to design, develop and manufacture a top-of-the-line product
range.
Over these years the company has built reputation as a trusted supplier of
these items on the basis of quality, commitment and prompt customer services.
To ensure superior quality performance these products are widely tested
as per BSI-UK and other international standards.
At Super Industries inspection facilities like Proof Torque Test, Armour Clamp
Tensile Test, Electrical Continuity Test, Load Test for type "A"
Glands and Seal Test - are conducted for each lot of products at various stages
of manufacturing and assembly. The Cable Glands are manufactured in compliance with BS6121
PT1: 1989 and have been successfully tested for IP rating by BSI-UK.
Moreover, the company's product range has received approval at Central Mining
Research Institute, Dhanbad (India) for usage with flameproof equipment. The
company can also provide Gland to suit any special/non-standard cable.
Super Industries is committed to provide the customers world-class Cable Glands at par excellence with very best in the
industry. Subject have all the expertize and experience to manufacture any
requirement of Cable Glands and other
related wiring accessories.
Timely delivery in shortest period of time is assured.
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.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 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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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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54 |
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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