MIRA
INFORM REPORT
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Report Date : |
19.10.2007 |
IDENTIFICATION DETAILS
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Name : |
SHALIN MATERIAL HANDLING PRIVATE LIMITED |
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Registered Office : |
'Sevagiri Residency' Plot No. 49,
Sector 18, Pradhikaran, |
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Country : |
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Date of Incorporation : |
07.09.2007 |
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Com. Reg. No.: |
11-130661 |
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CIN No.: [Company
Identification No.] |
U29150PN2007PTC130661 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacture,
Export, Import and Supply of Usha Martin Steel Wire Ropes and Wire Rope Slings,
D-Scale, U-Clamp, Chain Pulley Block Turn Buckles, Ring and Hook and other
Lifting Equipments. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to establish track. No payment
records are available. No banking relations are known. Initially, the company
can be considered for any business dealings on safe and secured trade terms
and conditions. |
LOCATIONS
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Registered Office : |
'Sevagiri Residency' Plot No. 49,
Sector 18, Pradhikaran, |
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Tel. No.: |
91- 20-27491637, 27491638 |
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Mobile No.: |
91 - 93711 17224, 93710 08857 |
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Fax No.: |
91- 20-27491637, 27491638 |
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E-Mail : |
response@sevagirigroup.com, shalinindustries@yahoo.com , rcgaikwad@yahoo.co.in |
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Website : |
DIRECTORS
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Name : |
Mr. Ramprabhu Virappa Nakate |
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Designation : |
Director |
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Address : |
Plot No. 49, Sector No. 18. |
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Name : |
Mrs. Shalini Virappa Nakate |
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Designation : |
Director |
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Address : |
Plot No. 49, Sector No. 18. |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Ramprabhu Virappa Nakate |
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500 |
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Mrs. Shalini Virappa Nakate |
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500 |
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Total |
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1000 |
BUSINESS DETAILS
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Line of Business : |
Manufacture, Export,
Import and Supply of Usha Martin Steel Wire Ropes and Wire Rope Slings,
D-Scale, U-Clamp, Chain Pulley Block Turn Buckles, Ring and Hook and other
Lifting Equipments. |
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Products : |
* Wire Rope Hoist * Chain Electric Hoist * Forged Eye Hook * Wire Rope Sheave Pulley Block * Forged Eye Bolt * Triple Spur Gear hand Hoist * Forged Wire Rope Clamp * Electric Winch * Hydraulic Jack * Forged Turn Buckle Plate Lifting Clamps * Polyester Slings * Travelling Trolley * Floor Mounted Crab Winch * Four leg with Oblong/ O Ring & Hooks * Bow Shackles * Wire Rope Slings * Wall
Mounted Hand Winch |
GENERAL INFORMATION
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No. of Employees : |
About 35 |
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Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Memberships : |
S.S.I., N.S.I.C., ISO 9001:2000 certification |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000 |
Equity Shares |
Rs. 100/- each |
Rs. 0.100 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
No financials are available as the subject is a new company.
LOCAL AGENCY FURTHER INFORMATION
As Per Web:
Established in the year 1997, Shalin Industries is nearly
going to complete a decade in its manufacture, export and import of Usha Martin
Steel Wire Ropes and Wire Rope Slings, D-Scale, U-Clamp, Chain Pulley Block
Turn Buckles, Ring and Hook and other Lifting Equipments. Subject ISO 9001:2000
certified company has brushed its shoulders with luck in a substantial degree.
The consistent belief in corporate values and work on ethical business
principles has outweighed sales volume crossing the figures of 3.570 million in
US dollars consequently with 33% of export. The country has only improved
export market share centered around
Products
They are a having a strong foothold in the market, being well equipped with
talented and knowledgeable sourcing experts. They choose to be the best with
our reliable quality, dependable delivery schedules at competitive prices
winning over the trust and hearts of much revered clients. Products can be
embodied as:
*
Wire
Rope Hoist
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Chain
Electric Hoist
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Forged
Eye Hook
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Wire
Rope Sheave Pulley Block
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Forged
Eye Bolt
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Triple
Spur Gear Hand Hoist
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Forged
Wire Rope Clamp
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Electric
Winch
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Hydraulic
Jack
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Forged
Turn Buckle
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Plate
Lifting Clamps
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Polyester
Slings
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Travelling
Trolley
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Floor
Mounted Crab Winch
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Four Leg
with Oblong/O Ring & Hooks
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Bow
Shackles
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Wire Rope
Slings
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Wall
Mounted Hand Winch.
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Crane hirers - 90%
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Crane manufacturers
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Manufacturers of sheet metal press components
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Mines
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All industrial customers
Steel Division
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Shalin Industries
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Prabhu Lifting Equipments
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Sevagiri Industries
Construction Division
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Sevagiri Construction
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Sevagiri Developers
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Sevagiri Promoters
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Sevagiri Builder
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Sevagiri Contractors
Transport Service
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Sevagiri Transport - suppliers of river sand.
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.39.69 |
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1 |
Rs.80.90 |
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Euro |
1 |
Rs.56.42 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
1 |
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PAID-UP CAPITAL |
1~10 |
1 |
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OPERATING SCALE |
1~10 |
-- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
1 |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
-- |
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--LEVERAGE |
1~10 |
-- |
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--RESERVES |
1~10 |
-- |
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--CREDIT LINES |
1~10 |
1 |
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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 |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
NO |
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TOTAL |
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4 |
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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