MIRA
INFORM REPORT
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Report Date : |
06.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
SOUTHERN METALLURGICAL COMPANY |
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Registered Office : |
G -337, Guna Building, C T H Road, Avadi, Chennai – 600 054, Tamil
Nadu |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2004 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Traders, Manufacturers and Importers of Metallography |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 4000 |
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Status : |
Small Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a small concern having moderate track. No payment records are
available. Trade relations are reported as fair. The concern can be considered for small business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
G -337, Guna Building, C T H Road, Avadi, Chennai – 600 054, Tamil
Nadu, India |
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Tel. No.: |
91-44-65185693 |
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Fax No.: |
91-44-26377449 |
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E-Mail : |
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Website : |
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Area : |
600 sq. ft. |
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Location : |
Owned |
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Corporate Office : |
Chennai |
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Area : |
300 sq. ft. |
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Location : |
Rented |
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Branch : |
Coimbatore |
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Area : |
300 sq. ft. |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mrs. Uma Rajeshwari |
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Designation : |
Proprietor |
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Date of Birth/Age : |
29 years |
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Qualification : |
Post Graduate |
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Experience : |
5 years |
KEY EXECUTIVES
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Name : |
Mr. S Veera Raghavan |
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Designation : |
Chief Executive Officer |
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Date of Birth/Age : |
37 years |
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Qualification : |
Graduate |
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Experience : |
18 years |
BUSINESS DETAILS
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Line of Business : |
Traders, Manufacturers and Importers of Metallography |
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Imports : |
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Products : |
Metallographics |
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Countries : |
v Hong Kong v Taiwan |
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Terms : |
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Selling : |
Cash or Credit |
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Purchasing : |
L/C, Cash or Credit |
GENERAL
INFORMATION
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Customers : |
OEM’s and Fouldries |
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No. of Employees : |
8 |
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Bankers : |
HDFC, Anna Nagar |
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Banking
Relations : |
Unknown |
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Auditors : |
Balaji Chartered Accountants |
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Membership: |
IIF ( The Institute of Indian Foundrymen ) |
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Associates/Subsidiaries : |
E. Venkateshwari Agency |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.000 Million |
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Borrowed : |
- |
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Total : |
Rs. 1.000 Million |
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 ( Approximate ) |
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2.800 |
2.000 |
Expected Sales (2007-08) : Rs. 4.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
v
TVS Group
v
Breaks India
v
Caparo
Serving you with a
gamut of superior laboratory equipments for various testing requirements....
About
Testing equipments are the important parts of every industrial unit. Southern Metallurgical Co. is a noted manufacturer, exporter, importer, trader and supplier of high quality testing equipments like metallography, chemical testing, physical testing, foundry machines, non-destructive testing, pyrometer, meterology, foundry sand testing & machinery, metallurgical laboratory consumables, etc. They are a service provider of Sand Testing
Services and Calibration. The concern is specialized and authorized engineering unit for servicing and calibration of the equipments supplied by . They are also specialized in the supply of laboratory equipments on turnkey basis from the layout of the laboratory to the final commissioning of the equipments.
They are professionally managed by a group of highly experienced professionals
having decades of experience in their respective domains. Their products are
known for delivering accurate results and are capable of rendering
years of services to their clients. The company is a regular member of IIF (The Institute of Indian Foundrymen).
Product Range
Southern Metallurgical Co. is an eminent manufacturer, exporter, importer, trader and supplier of the following
range of testing equipments:
Metallography
v Metallurgical Microscopes- various types with Photographic Equipments, CCTV and Image Analysing Software
v Abrasive Specimen Cut Off Machines- Light and Heavy duty type and Automatic Cut Off Machines
v Specimen Mounting Press, Mechanical type and Hydraulic type Specimen Leveller, Spectro Polishing Machine
v Hand Polishing Stand and Linisher Polisher (Belt Sander) for Wet and Dry Polishing
v Single, Double and Triple Disc Polishing Machines- Ordinary and Automatic types
v Electrolytic Polisher with Etching Attachment
v Hot and Cold Air Dryer, Specimen Storage Cabinet
v Wall Charts-Carbon Eutectic Diagram, ASTM Metal Hardness Reference Table, etc.
v Annotated Metallurgical Specimens with photographs
Chemical Testing
v Carbon and Sulphur Determination Apparatus
v Muffle Furnace, Hot Air Oven, Hot Plates, Water Still and Water Bath
v Electro Chemical Analyser, Photo Electric Calorimeters & Spectrophotometers and Emission Spectrometer
v Rapid Silicon Determination Apparatus for Iron, Phosphorous Determination Apparatus for Iron & Steel
v Orsat Gas Analyser
v Single & Double Pan Balance, Top Pan Balance
v Digital pH Meter
v Fume Chamber
Physical Testing
v Universal Testing Machines (Mechanical/ Electronic/ Computerized) Tensile Testing Machine, Charpy/Izod Impact Testing Machine
v Metal Hardness Tester: Brinell Hardness Tester 3000 kgs. Rockwell and Rockwell superficial Hardness Tester, Poldi Hardness Tester, Shore & Vickers Hardness Testers
v Erichsen Cupping Testing Machine, Spring Testing Machine
Foundry Sand Testing
& Machinery:
v Green Sand: Clay Washer, Permeability Meter, Sieve Shaker with set of sieves, Universal Sand Strength Machine, Sand Muller, Mould & Core Hardness Tester, Sand Mixer Lab. Type, Green Compression Strength Machine, Rapid Moisture Tester, Shatter Index Tester, Sand Rammer, Calibration Sets, etc.
v Shell Sand: Auto Hot Shell Tensile Tester, Peel Back Tester, Melt Point Tester, Core Gas Determinator
Non-Destructive
Testing
v Permanent Yoke Type Magnetic Crack Detector
v Portable and Bench Type Electric Magnetic Crack Detector
v Ultrasonic Flaw Detector and Thickness Gauge
v Spot-check Dye Penetrants
v Magnetic Powder, Paste and Water Washable Magnetic Particle Testing
Pyrometry
v Optical Pyrometer and Surface Contact Pyrometer
Meterology
v Autocollimator
v Tool Room Microscope and Inspection Microscope
v Profile Projector, Zoom Stereomicroscope
v Universal Surface Gauge, Profile Gauge and Dial Gauge Stand
v CCD Cameras with Software for measurement
R & D Equipments
v Automatic Component Test System
v Special Purpose Machines
v Microcontroller based Instrumentation & Control
v PLC & Contractor based Logistics
v Data Acquisition Systems
v Process Parameter Indicators
v Electrical Control Panels-LT type
Metallurgical
Laboratory Consumables
v Polishing Media-levigated Polishing Alumina in paste and in powder form, Diamond Lapping Compounds
v Polishing Cloths: various types & sizes and Chamois Leather
v Polishing Papers: Emery Paper, Silicon Carbide Waterproof Paper, Endless Belts for Dry Wet Polishing of various grits
v Cold Setting Compounds & Thermosetting Powders, Mould Release Agent in aerosol cans for specimen mounting press
v Combustion Boats and Tubes, Heating Rods and Clamps
v Standard Test Blocks for Hardness Testers and Poldi Test Bars
v Cutt Off Wheels and Diamond Impregnated Wheels
v N.M.L. Samples, B.C.S. Samples and Spectrographic Standards
v Absorbent Material for Rapid Moisture Tester.
Quality &
Infrastructure
Reliability, accuracy and durability are the hallmark of their products.
Southern Metallurgical Co. follows stringent quality control measures at every
level of its process that facilitates smooth and efficient production from
every stage. They are the perfect blend of ultra modern machines and an
excellent workforce that enable to
deliver top-notch quality products. Their wide distribution network and a capacious
warehouse facility ensure smooth outflow of goods to the market
Customers:
Their unmatched quality is trusted by many leading enterprises such as:
v Adithya Castings (P) Ltd., Kakalur
v Alpump Pvt. Ltd., Maraimalai Nagar
v Aruna Machine Tools, Madurai
v Ammarun Foundries, Coimbatore
v Best and Crompton, Chennai
v Claro India Ltd., Chennai
v Dr. Ambedkar Institute of Technology, Bangalore
v Dynamatic Technologies, Irungattukootai
v Elforge Limited, Chennai
v Excellent Testing Equipment, Bangalore
v Ferro Links, Coimbatore
v Fine Cast Industries, Coimbatore
v Gems Precision Castings, Chennai, and many other noted names of the market.
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 biness associate of a Government official.
9] Compensation Package :
Their
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.
Their 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. 39.27 |
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UK Pound |
1 |
Rs. 82.24 |
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Euro |
1 |
Rs. 57.48 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
NO |
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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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29 |
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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