MIRA
INFORM REPORT
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Report Date : |
07.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
SQUARE PHARMA MACHINERIES |
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Registered Office : |
33,Arihant Indl. Estate, Sakinaka, Mumbai – 400 072, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1997 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMS38710A |
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PAN No.: [Permanent
Account No.] |
AANFS2321R |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Manufacturer and Exporter of pharma and cosmetic machineries. |
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 12000 |
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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. Trade
relations are fair. Payments are usually correct and as per commitment. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
33, Arihant Indl. Estate, Sakinaka, Mumbai – 400 072, Maharashtra |
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Tel. No.: |
91-22-28478306/28477620 |
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Mobile No.: |
91-9821172968 |
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Fax No.: |
91-22-66910144 |
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E-Mail : |
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Website : |
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Area : |
3000 sq. ft. |
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Location : |
Owned |
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Branches : |
Malleswaram, Bangalor |
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Area : |
500 sq.ft. |
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Location : |
Rented |
PARTNERS
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Name : |
Mr. C. B. Reddy |
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Designation : |
Partner |
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Date of Birth/Age : |
48 years |
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Qualification : |
B. Tech. |
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Experience : |
26 years |
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Name : |
Mrs. Jyoti Lakshmi |
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Designation : |
Partner |
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Date of Birth/Age : |
38 years |
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Qualification : |
Diploma Architecture |
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Experience : |
10 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of pharma and cosmetic machineries. |
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Products : |
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Exports : |
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Products : |
All Products |
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Countries : |
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Imports : |
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Products : |
Electrical gadgets |
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Countries : |
Switzerland |
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Terms : |
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Selling : |
Credit (90 days) |
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Purchasing : |
Cash and Credit (90 days) |
GENERAL
INFORMATION
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Customers : |
Pharma and Cosmetic manufacturers. |
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No. of Employees : |
40 |
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Bankers : |
State Bank of India, Marol |
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Facilities : |
C/C, Over draft |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. Sharma Chartered Accountants |
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Memberships : |
Engineering Export Promotion Council, India |
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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20.000 |
15.000 |
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Expected Sales (2007-08) : Rs.24.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
- Hindustan Lever Limited
- Cipla
About Us
Since its establishment in 1997, subject has created a market
for itself with its commitment to total customer satisfaction delivering
quality products and services, on time, every time at competitive price. They
are a reputed manufacturer and exporter of Tube Fill Seal Machine, Paste
Filling Machine, Powder Filling Machine, Liquid Filling Line, Bottle Filling
Machine, Capping Machine, etc. They are an importer of Hot air Tools, Gearboxes
and Motors. Always keeping ourselves geared up as per the dynamically changing
market, we endeavor to exceed the clients' expectations on the quality front.
The company boasts of an annual sales volume of Rs. 3 crore. This tremendous
successes has been possible by the incorporation of cutting edge technology
along with technical excellence. With their excellent services and cost-effectiveness,
they have developed a vast clientèle based in Africa, Middle East and South
America. They cater to the leading names in the industry like Hindustan lever,
Femcare Pharma, to name a few. Their brand of products is also guaranteed for a
period of 10 years. We are a member of the Engineering Export Promotion Council
of India.
Product Range
Subject is a reputed manufacturer and exporter of top
quality pharmaceutical products. Their wide product line can be categorized as:
Tube
Filling & Sealing Machines
- Automatic Hi-Speed Linear Tube Filler
- Semi Automatic Rotary Medium Speed Tube Filler
- Low Speed Tube Sealer
Paste
Filling Machines
- Fully Automatic Paste Machine
- Semi Automatic Paste Filling Machine
- Hand Operated Paste/Cream Tube/Filling Machine
- Kajal Filling Machine
Powder
Filling Machines
- Fully Automatic Powder Filler
- Semi Automatic Powder Filler
Labeling
Machines
Capping
Machines
- Fully Automatic Capping Machine
- Semi Automatic Capping Machine
Liquid
Filling & Capping Machines
- Fully Automatic Liquid Filling & Capping
- Semi Automatic Liquid Filling & Capping Machine
Silicone
Filling Machines
CartonatorJar/Paste
Filling Machines
Screw
Capping/Ropp Capping Machines
Induction
Sealing Machines
Dry
Syrup Sealing Machines
Eyeliner
& Colour Cosmetic Filling Machine
Liquid
Filling Lines.
The products of their company find wide application in the
pharma and cosmetic industry.
Quality Assurance
At subject, quality is their specialty. They understand the importance of
quality as one of the most sought after corporate strengths, which consolidates
a firm client base and a growing bottom line. They procure only quality
stainless steel from reliable vendors and have adopted stringent quality
control measures at different stages of production and supply to ensure
undisputed quality and authenticity. A team of quality control experts monitors
the entire production process.
Infrastructure
Subject is well equipped with sophisticated production facilities that facilitate
them in manufacturing high quality products of international quality standards.
They have installed technically advanced machinery that enables them to
manufacture products par excellence. Their team of dedicated and experienced
professionals has wide expertise in the user industry. Their production
capacity is highly flexible, which enable us in meeting the bulk and immediate
requirements of their clients.
Hallmark
Some of the prime advantages that subject has in the industry are:
- Modernized infrastructure equipped with state-of-the-art machinery
- Regular improvement in their product range
- High-end client satisfaction
- Qualified and well-trained team of workforce
- Widespread clientèle all over the world
- Timely delivery and competitive prices.
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.39.29 |
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UK Pound |
1 |
Rs.81.91 |
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Euro |
1 |
Rs.56.96 |
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 |
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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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. |
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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