MIRA
INFORM REPORT
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Report Date : |
19.09.2007 |
IDENTIFICATION DETAILS
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Name : |
SUBHAM ENTERPRISES |
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Registered Office : |
1546, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2001 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELS16868F |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Trader of Poly Insulated Submersible Winding, Polymer insulated Submersible Winding, PVC Insulated
Submersible Winding, House Wires and Cables. |
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 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 : |
1546, |
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Tel. No.: |
91-22-23873568 |
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Mobile No.: |
91-9810017482 |
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Fax No.: |
91-22-65380162 |
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E-Mail : |
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Website : |
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Area : |
400 sq.fts |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Anupam Gupta |
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Designation : |
Proprietor |
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Date of Birth/Age : |
27 Years |
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Qualification : |
Graduate |
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Experience : |
6 Years |
BUSINESS DETAILS
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Line of Business : |
Trader of Poly Insulated Submersible Winding, Polymer insulated Submersible Winding, PVC Insulated
Submersible Winding, House Wires and Cables. |
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Terms : |
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Selling : |
Cash, Credit ( 30 - 45 Days) |
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Purchasing : |
Cash |
GENERAL INFORMATION
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Customers : |
Dealers |
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No. of Employees : |
4 |
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Bankers : |
ING Vyasa Bank Address: Chandni Chowk Branch |
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Facilities : |
(O/D – Rs. 0.300 million) |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
D Verma Associates Chartered Accountants |
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Associates/Subsidiaries : |
·
Polytech Industries
Address: Jhilmil Industrial Area,
Activity: Manufacturer of Poly insulated submersible windings. ·
Continental Conductors Private Limited
Address: Jhilmil Industrial Area,
Activity: Manufacturer of Super enamle winding wires ·
Vidyut Electrical Industries
Address: Jhilmil Industrial Area,
Activity: Manufacturer of Super enamel winding wires |
CAPITAL STRUCTURE
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Capital Investment : |
NA |
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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8.500 |
NA |
Expected Sales (2007-08) : Rs. 11.000 millions
LOCAL AGENCY FURTHER INFORMATION
WEBSITES DETAILS:
An ISO 9001: 2000
certified company catering to the worldwide market with a comprehensive range of
premium quality wires and cables for application in various industries...
They, at Shubham
Enterprises, for the last thirty years, have been serving the electrical and
electronic industries with their high quality cables and wires. The company is certified with the ISO 9001-2000 quality
accreditation and has also been approved by the RTC. They are a leading manufacturer, supplier and exporter of the
highest grade, Winding Wires suitable for Submersible Pump Motors, Electrical
Cables, etc. Their company is also the first to receive an ISI mark on Poly
Insulated Submersible Winding Wires in
The fundamental policy of their company is to satisfy customer needs and
requirements by all means. And they at Shubham Industries give paramount
importance towards providing the best quality at the most competitive prices.
Their company believes in timely delivery of the products. With this approach
they have carved a niche for theirselves not only in the domestic market, but
also internationally.
Products
The
products of Shubham Enterprises are of the best quality. They are of
international standards and have outstanding electrical,mechanical,
thermal and chemical properties
Shubham Enterprises is a manufacturer, exporter and supplier of various
types and grades of products including the following:
·
Poly Insulated Submersible Winding,
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Polymer insulated
Submersible Winding,
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PVC Insulated Submersible Winding,
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House Wires and Cables.
Their range of cables and wires have the following applications:
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Electrical motors and mono-block pumps
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Electrical gadgets like mixers, fans, cooler pumps
etc
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Generators and invertors
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Electronic gadgets
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Other allied machinery/equipments/instruments.
Quality Assurance
Shubham Enterprises use Virgin electrical “A” Grade Copper rods in the
manufacturing of the wires to ensure excellent resistance characteristics. The
Bunched Copper Strands manufactured by their company have the capability to
endure better PVC retention properties. The PVC compound used in the
manufacturing process has an operating temperature of 85 degree C while most
other wires that are available in the market have an operating temperature of
70 degree C. All the coils at Shubham Enetrprises are manufactured using
automatic coiling machines online with extruders, so that it can endure
accurate diameter control and high voltage testing. Thus they are able to
maintain the international standards of good quality, thereby resulting in
increased demand of their products all over the world.
Infrastructure
Shubham
Enterprises routinely follows extremely rigorous and systematic testing
procedures to endure excellent quality of their products, thus augmenting their
demand not only in the domestic market but also in the international market.
Their wires and winding wires for submersible pumps & motors have created a
sensation among the customers all over the globe. They produce the wires with
implementation of the latest technology. Their professionals are a dedicated
lot and diligently work towards the growth of the company.
Trade Reference:
·
Skylark Industries,
Mohali
·
Star Electric Company,
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.40.26 |
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1 |
Rs.81.15 |
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Euro |
1 |
Rs.56.28 |
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 |
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 |
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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