MIRA
INFORM REPORT
|
Report Date : |
25.10.2007 |
IDENTIFICATION
DETAILS
|
Name : |
MSA SALT PRIVATE LIMITED |
|
|
|
|
Registered Office : |
28, Pereiara Street, Tuticorin – 628 001, Tamil Nadu |
|
|
|
|
Country : |
India |
|
|
|
|
Date of Incorporation : |
05.06.2006 |
|
|
|
|
Com. Reg. No.: |
60091 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U14220TN2006PTC060091 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Iodized Free Flow Salt, Non – Iodized
Salt, Ordinary Powdered Salt, Table Salt, Industrial Salt, Deicing Salt, etc. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
New company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company and yet to establish itself. Company’s first
financials are awaited. No further details or payment could be made
available. The company can be considered for any business dealings on fully safe
and secured trade terms and conditions only. |
LOCATIONS
|
Registered Office : |
28, Pereiara Street, Tuticorin – 628 001, Tamil Nadu |
|
Tel. No.: |
91-461-4000542 / 642 / 232352 |
|
Mobile No.: |
91-9443125342 |
|
Fax No.: |
91-461-2390388 |
|
Email: |
ttn-petermsa@sancharnet.in |
|
Website : |
DIRECTORS
|
Name : |
Mr. Peter A Jebaraj |
|
Designation : |
Director |
|
Address : |
20, South Street, Chidambaranagar, Tuticorn – 628 008, Tamil Nadu |
|
Date of Birth/Age : |
18.04.1954 |
|
Email: |
|
|
Partnership held in Partnership Firm: |
MSA Salt Manufacturer, 28, Pereira Street, Tuticorn – 628 001, Tamil
Nadu |
|
|
|
|
Name : |
Mr. A Samvictor Gnanamuthu |
|
Designation : |
Director |
|
Address : |
No. 20, South Street, Chidambaranagar, Tuticorn – 628 008, Tamil Nadu |
|
Date of Birth/Age : |
30.08.1952 |
|
Partnership held in Partnership Firm: |
MSA Salt Manufacturer, 28, Pereira Street, Tuticorn – 628 001, Tamil
Nadu |
|
|
|
|
Name : |
Mr. A Sudhakar |
|
Designation : |
Director |
|
Address : |
No. 20, South Street, Chidambaranagar, Thoottukudi – 628 008, Tamil
Nadu |
|
Date of Birth/Age : |
02.08.1973 |
|
Partnership held in Partnership Firm: |
MSA Salt Manufacturer, 28, Pereira Street, Thoottukudi – 628 001,
Tamil Nadu |
|
|
|
|
Name : |
Mr. S Lingaraj |
|
Designation : |
Director |
|
Address : |
163, Sivanthakulam Road, Thoottukudi – 628 003, Tamil Nadu |
|
Date of Birth/Age : |
11.06.1956 |
|
Partnership held in Partnership Firm: |
Sivalingam Salt Company, 170, Sivanthakulam Road, Tuticorn – 628 003,
Tamil Nadu |
|
|
|
|
Name : |
Mr. K Lingaselvan |
|
Designation : |
Director |
|
Address : |
36, Santhai Road, Tuticorn – 628 002, Tamil Nadu |
|
Date of Birth/Age : |
04.03.1962 |
|
Partnership held in Partnership Firm: |
Sivalingam Salt Company, 170, Sivanthakulam Road, Tuticorn – 628 003,
Tamil Nadu |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Iodized Free Flow Salt, Non – Iodized
Salt, Ordinary Powdered Salt, Table Salt, Industrial Salt, Deicing Salt, etc. |
|
|
|
|
Products : |
·
Iodized Free Flow
Salt ·
Non-iodized
Salt ·
Ordinary
Powdered Salt ·
Table Salt ·
Industrial
Salt ·
Deicing Salt, etc. |
|
|
|
|
Exports : |
|
|
Products : |
All Products |
|
Countries : |
Vietnam, UAE, Qatar, UK, Kuwait, Saudi Arabia. |
GENERAL
INFORMATION
|
No. of Employees : |
15 |
|
|
|
|
Bankers : |
NA |
|
|
|
|
Banking
Relations : |
---- |
|
|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity shares |
Rs. 10/- each |
Rs, 2.500 millions |
Issued, Subscribed & Paid-up Capital : NA
FINANCIAL DATA
[all figures are in Rupees Millions]
New Company.
LOCAL AGENCY
FURTHER INFORMATION
WEBSITE DETAILS:
Incepted in the year 1917 in Tuticorin, India, M.S.A Salt
Manufacturer is a well established name in the salt industry. They have
carved out a niche for their selves as one of the leading manufacturer,
exporter and wholesale supplier of fine granulated edible free flowing iodized
salt. They have mastered the technique of manufacturing free flowing iodized
salt that remains in the same state even during the rains when the moisture
content is high in the atmosphere. Their company has years of experience in the
industry which has helped them to maintain their quality as per IDD
control standards.
Their iodized salt is available in different quantities ranging from 500 gm
to 1.5 kg. Through their integrated production structure, they can
manufacture up to 500 tons of iodized salt per month. This helps in meeting
the immediate and bulk requirements of their customers at any given point of
time.
They also provide their customers with sampling facility wherein the
customers have the leverage of verifying the quality of the products before
they are finally dispatched. Their unit is also supported by well maintained
storage facility that can stock the products in bulk.
Product Range
They have positioned their selves as one of the trusted manufacturers of
iodized salt to meet the growing demands. Their iodized salt is salt fortified
with appropriate iodine levels. Their range of product:
·
Free Flow
Idoized Salt
·
Iodized Refined
Salt
·
Rock Salt
·
Flavored Salt
·
Snowflake Salt
·
Granulated Salt
·
Bath Salt
·
Industrial Salt
·
Edible Salt
Benefits of Iodized Salt
Regular intake of iodized salt prevents various abnormalities in
children, newborn babies, pregnant women etc. Devoid of proper quantities of
iodine in their daily diets can result in:
• Retarded growth
• Low IQ level
• Deaf and Mute
• Enlargement of thyroid gland
• Miscarriage
Iodine is an essential nutrient that helps in regulating body temperature.
Their iodized salt contains the required amount of iodine and is apt for
consumption by humans.
Infrastructure
Their company incorporates latest production methods to manufacture
their edible salt products. After going through the initial stages of drying of
sea water it is brought into their state-of-art production unit where it is
cleaned for impurities, changed to granulated form and hygienically packaged
for delivering. They devise cost effective production methods that result in
high quality iodized salt being made available at industry leading prices.
Their constant endeavors ensure that their production unit is regularly updated
with modern machine that help in faster production.
Team and R & D
Apart from a world class infrastructure, they are also backed by an
efficient and dedicated team of industry experts who have years of experience
in the salt industry. Their team comprises of quality inspectors, scientists,
researchers and workers who carry out the processing work with the aid of
modern machine. Their workers are trained to carry out the process maintaining
highest levels of hygiene.
Their research and development department is engaged in conducting intense
research work that ensures in-depth understanding of the market trends. They
are equipped with all the required research tools that facilitate testing of
products and studying the salt product.
Quality
Their unwavering commitment towards maintaining quality in their iodized
salt has raised them on a higher pedestal than their competitors. With a team
of quality inspectors, they ensure that their product goes through hygienic and
high grade-production. They make continuous efforts to keep up to various
international quality standards by manufacturing premium quality iodized salt.
Their inspectors keep a strict eye on the entire process of manufacturing and
packaging to ensure flawless and hygienic products. They pack the iodized salt
in moisture proof packs to avoid sogging so that freshness is maintained
whenever the pack is opened. The raw material and the finished product are
tested at their testing unit to ensure only the best reach their customers.
Customer Satisfaction
Their company aims towards achieving total customer satisfaction. They
have the expertise to supply their products in any quality within the
stipulated time frame. This has resulted in satisfied clientèle that keeps
coming back to us for all their salt requirements. Their management devices
customer centric approach that ensures a satisfied clientèle.
Warehousing Facility
They have a capacious warehouse that can store bulk requirements of
their clients. Their products are kept in a controlled atmosphere that is free
from moisture and extreme temperatures so that the products are in best
condition till they are delivered. They regularly fumigate their store house to
keep it in hygienic condition and restrict the entry of rodents, insects etc.
Their streamlined warehouse ensures faster delivery.
Packaging and
Delivery:
Their iodized salt is hygienically packaged to prevent contamination and
moisture from entering. They use special freshness seal packs that are vacuum
sealed. These are further kept in wooden cartons, pellets etc as per the
customers requirements and the distance to be covered. They have tie ups with
leading CandF and logistics companies who are known for their speedy delivery.
This makes sure that the products reach the destinations within the set time
frame.
Patronage
The towering growth of their company is the result of their tedious
efforts to maintain highest standards of quality. This has resulted in a vast
clientèle spread across the globe. The major markets where their products are
exported include the following:
• Vietnam
• UAE
• Qatar
• Kuwait
• UK
• Saudi Arabia
Why Them ?
• Economical prices
• Hygienically packaged
• Wide distributor networking
• Capacious warehouse
• On time delivery
Catering to the salt requirements of the world with iodized free flow
salt, non-iodized salt, ordinary powdered salt, table salt, industrial salt,
deicing salt, etc. since 1987...
Overview
Salt has been a part and parcel of food since time immemorial. Sodium
and chlorine constitute as the two main components of salt, which is necessary
for the survival of all living creatures, including human beings. Continuing
the tradition of catering to the worldwide demand for salt like many other
companies, The Company has developed its core competence as a manufacturer
and exporter of salts. Established in the year 1987, their main objective
has been to produce and supply only quality salts for both household and
industrial use and offer them at the best prices. Their range of high quality
salts includes iodized free flow salt, non-iodized salt, ordinary powdered
salt, table salt, industrial salt, deicing salt, etc.
Backed by vast experience and comprehensive knowledge of the industry, they
have been able to cater to the exact requirements of the market. With total
focus on quality, competitive prices and timely delivery, they have created a
huge market base, boosted by 60% exports. The list of their clients has been
increasing everyday with repeat orders from the already existing clients. This
it speaks volume about their standing in the market.
Products
Over the years, their sincere efforts and dedication have helped them
carve a leading position in the domestic as well as global market. At the
company. Customer satisfaction is given the topmost priority, which has enabled
them in winning the trust and support of an unending list of customers spread
across the globe. They are a manufacturer and exporter of the following range
of salts:
·
Iodized Free
Flow Salt
·
Non-iodized
Salt
·
Ordinary
Powdered Salt
·
Table Salt
·
Industrial Salt
·
Deicing Salt,
etc.
Quality
Being a quality driven company, high quality is maintained at every
stage of the manufacturing process at the company. A team of quality experts
monitors the complete operation, ensuring that the range of salts for human
consumption contains the prescribed level of iodine. The manufacturing is
carried out in adherence to national and international standards. Their quality
control supervisors conduct stringent checks on the procured raw material to
ensure that they meet their high quality standards. Quality packaging is given
utmost importance so that the salt retains its moisture and freshness till it
is consumed.
Infrastructure
Their state-of-the-art facilities, backed by the latest technology and a
team of qualified professionals enable them to cater to any bulk demand of the
market. Their modern production techniques facilitate quality refining of
salts, retaining their nutritive value. They upgrade their machinery as per the
latest trends so as to keep abreast in the competitive market. Their adequate
storage facilities are one of their competitive advantages.
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.39.40 |
|
UK Pound |
1 |
Rs.81.12 |
|
Euro |
1 |
Rs.56.69 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
-- |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
-- |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
12 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|