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MIRA
INFORM REPORT
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Report Date : |
01.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
P.M.S. ENGINEERING (INTERNATIONAL) SERVICES |
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Registered Office : |
A – 15/29, Vasant Vihar, P. O. No. 8847, New Delhi – 110 057 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1993 |
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IEC No.: |
0594047846 |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Trader, Distributor, Exporter and Importer of Plate Heat Exchanger,
Nozzles, SS Fittings, Homogenizer, PD –Pumps and Dairy Engineering
Equipments. |
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 15000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a small traders. It remained non-cooperative during our
current investigation. It’s payments are reported as slow. The concern can be considered for small business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
A – 15/29, Vasant Vihar, P. O. No. 8847, New Delhi – 110 057, India |
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Tel. No.: |
91-11-26143742/ 26145536/ 26167406 |
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Mobile No.: |
91-9811057728 |
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Fax No.: |
91-11-26104599/ 26145526 |
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E-Mail : |
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Website : |
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Area : |
500 Sq. ft. |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Narendra Kumar Gupta |
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Designation : |
Partner |
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Address : |
A – 15/29, Vasant Vihar, P. O. No. 8847, New Delhi – 110 057, India |
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Date of Birth/Age : |
24.07.1957 |
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Qualification : |
M.Sc |
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Experience : |
23 Years |
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Name : |
Mrs. Madhu Gupta |
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Designation : |
Partner |
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Address : |
A – 15/29, Vasant Vihar, P. O. No. 8847, New Delhi – 110 057, India |
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Date of Birth/Age : |
26.07.1960 |
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Qualification : |
Graduate |
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Experience : |
13 Years |
BUSINESS DETAILS
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Line of Business : |
Trader, Distributor, Exporter and Importer of Plate Heat Exchanger,
Nozzles, SS Fittings, Homogenizer, PD –Pumps and Dairy Engineering
Equipments. |
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Products : |
v Plate Heat Exchanger
- Sondex, Germany Ø Gasket Plate
Heat Exchanger Ø Semi Welded
Plate Heat Exchanger Ø Fully Welded
Plate Heat Exchanger v Delevan Nozzles
– Delavan, USA Ø Industrial
Nozzles Ø CIP Nozzles Ø Flat Spray
Nozzles Ø Straight Stream
Nozzles Ø Hollow Cone
Nozzkes v
SS Fittings – CSE Hygienic Fittings, Taiwan v
Homogenizer – Waukesha Cherry Burrell, Singapore, USA Ø
High Pressure Pump Ø
Collied Mill Ø
Shear Pump Ø
Emulsion Equipment Dispersion v
PD Pumps – Waukesha Cherry Burrell make v
Corona Sonic Horn – IAC, USA Ø
SS Fittings Ø
Pneumatic Ø
Butterfly Valves Ø
Actutators Ø
Check Valve v
High Pressure Hose Pipe – GECI, France |
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Exports : |
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Products : |
v Plate Heat
Exchanger v Homogenizer v Valves |
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Imports : |
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Products : |
v Nozzle v Homogenizer v PD – Pumps v Plate Heat Exchanger v SS Fittings |
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Terms : |
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Selling : |
50% Advance |
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Purchasing : |
L/C, T/T |
GENERAL
INFORMATION
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Suppliers : |
v
Engineering Equipments v
Installation and Renders AMC Services for Dairy v
Breweries v
Food Processing v
Soft Drinks and Sugar Industries |
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Customers : |
v Wholesalers v Retailers v OEM’s Indian Clients v Baff Engineering v Bikano v Coca Cola v Feb Tech v Good Day v Kwality Ice
Cream v Mahaan Group v MPCL v Nova v Paras v Saras v Verka v Bhole Baba v CMIL v Dynamix v Food and Biotech v Heinz India v Madhusudan v Modern Diaries v Nestle India v Parag v Pepsi v SSP v Vita International
Clients v North America v Nepal v Dubai v Jamaica |
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No. of Employees : |
2 |
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Bankers : |
v Andhra Bank Sector 6, Vasant Vihar, New Delhi – 110
057, India |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Mr. Sanjeev Goel Chartered Accountants |
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Address : |
112, RPS Flat, Sheik Sarai, Phase – I, New Delhi – 110017, India |
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Tel. No.: |
91-11-26017190/ 26017191/ 26017194 |
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Fax No.: |
91-11-26017190 |
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Sister Concerns : |
v JMD Sonic
Engineering Private Limited Line of
Business: Manufacturer of Engineering Equipments. |
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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31.03.2008 |
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Sales Turnover |
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20.000 |
LOCAL AGENCY
FURTHER INFORMATION
As Per Website
Details
The company PMS Engineering (Int’L) Services started 14
years ago under the dynamic leadership of Mr. Narender. K. Gupta with blessings
of Mr. M.M. Malik a world renowned personality in Dairy Industry. The company
has seen a growth pattern, which only a
few can hope to equate. Expertise matched with drive, good people teamed up with good ideas. The company has been
looking ahead since then. The ethos of the company is simple united one. The
belief is in hard work, in continuous
growth and in passing the benefit to the client PMS
has carved a special place for it self in the Indian Market
Building Trust Worldwide.
Today, PMS is serving a wide range of industries like Dairy, Breweries, Food
Processing, Soft Drinks, Sugar and many more. PMS has been diversifying,
continuously working for the achievement of abroad as in the Indian Market. To
meet the International Standards excellence it is vital to collaborate. The
company has link ups with specialists in various fields of process equipment
and system design. There is a continuous flow of technical competence that is
readily absorbed by the company and thereby ensunng the finest and most advance
services to it clients.
Certifications of Appreciation:
v
Heinz India
v
Pure Milk Products
To Meet the International Standards excellence it is vital to collaborate. The company has link ups with specialists in various fileds of process equipment and system design. There is a continuous flow of technical competence that is readily absorbed by the company and thereby ensuring the finest and most advance services to it clients.
The Foreign Back-Up
Plate Heat Exchangers (PHEs)/Milk Chiller/Pateurizer/Semi-welded/welded PHEs (Technical know how and Plates) from world Renowned Company.
Delevan Spray Technologies, UK – High Pressure Nozzles, Industrial Spray Nozzles.
Waukesha Cherry Burrell – USA – Dispersion/Emulsion Equipments/High Pressure Pumps (Homogenizers,
Collied Mill, Sher Pump…for Sanitary Application.
Evaporator Dryer Technologies, Inc – USA – Provide Service of Design,
Engineering, Consulting and supply of equipments/parts of evaporator, spray
drier, FBD and Retractable CIP/Fire safety Nozzles.
Industrial Accessories Company – USA – Corona Sonic Horns for Spray Drier/ an
acoustic horns for particulate build-up cleaning in : Spray Drier/ Bag House/
Hoppers/ Solis and many more.
CSE Hygienic fittings (3A Std & TUV CERT.) – SS Fittings, Pneumatic,
Butterfly values, actuators, check value and sight glass…., 100% imported.
Air Humidification System from Germany – Sophisticated technology and simple to
install.
Laurels and Achievements
Hard Work, it has been proved, does pay. And effort
eventually shows. PMS firmly believe that these tenets hold, because for them
they have always come true. What began with an idea in 1990 has grown and
fructifies into the epitome of all the aspirations and ideas. PMS has
successfully supplied and assisted in the manufacture and installment of dozens
of plants and equipments outfits worldwide.
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 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 :
The 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.
The 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. 42.37 |
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UK Pound |
1 |
Rs. 84.01 |
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Euro |
1 |
Rs. 65.96 |
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 |
3 |
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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 |
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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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, they have no basis upon which to
recommend credit dealings |
No Rating |
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