MIRA
INFORM REPORT
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Report Date : |
14.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
OM SONS INTERNATIONAL |
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Registered Office : |
77 – A, Industrial Estate, Ludhiana – 141 003, Punjab |
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Country : |
India |
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Year of Establishment : |
2008 |
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IEC No.: |
30030000535 |
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PAN No.: [Permanent
Account No.] |
AABPO8360N |
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Legal Form : |
Partnership concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturer and Exporter of Oil Mill Machinery like Oil Expellers,
Faced Worm and Agriculture Machinery and 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 20000 |
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Status : |
New Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new concern and yet to establish track. Trade relations are reported as fair but no payment records or banking
relations are known. The concern can be considered for small to mediocre business dealings
at usual trade terms and conditions, initially. |
INFORMATION PARTED
BY
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Name : |
Mr. Surinder Singla |
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Designation : |
Partner |
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Date : |
05.08.2008 |
LOCATIONS
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Registered Office/ Factory : |
77 – A, Industrial Estate, Ludhiana – 141 003, Punjab, India. |
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Tel. No.: |
91-161-4640008 |
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Mobile No.: |
91-9814009508 |
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Fax No.: |
91-161-2530507 |
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E-Mail : |
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Website : |
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Area : |
25000 sq ft |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Sant Kumar Singla |
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Designation : |
Partner |
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Address : |
Ludhiana |
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Date of Birth/Age : |
35 Years |
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Qualification : |
Graduate |
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Experience : |
10 Years |
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Name : |
Mr. Surinder Singla |
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Designation : |
Partner |
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Address : |
Ludhiana |
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Date of Birth/Age : |
37 Years |
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Qualification : |
Mechanical Engineering |
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Experience : |
15 Years |
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Name : |
Mrs. Namita Singla |
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Designation : |
Partner |
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Address : |
Ludhiana |
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Date of Birth/Age : |
32 Years |
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Qualification : |
Graduate |
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Experience : |
10 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Oil Mill Machinery like Oil Expellers, Faced
Worm and Agriculture Machinery and Equipments. |
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Products : |
· Oil Expeller · Expeller Spares · Precision Gears · Bio Diesel |
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Exports : |
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Products : |
Oil Mill Machinery |
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Countries : |
USA, South Africa, UK, Middle East, Malaysia, Sri Lanka, Indonesia |
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Imports : |
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Products : |
Machinery |
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Countries : |
USA |
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Terms : |
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Selling : |
Cash or Credit 30 days |
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Purchasing : |
Cash or Credit 30 days |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
70 (In office-10, In factory-60) |
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Bankers : |
Allahabad Bank Link Road, Ludhiana |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Ramesh K. Agarwal and Company Chartered Accountants |
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Address : |
Ludhiana |
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Associates/Subsidiaries : |
Sudarshan Engineering Works, Ludhiana |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.4.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs.4.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
Expected Sales (2008-09) : Rs. 50.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART:
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Parameters |
Detail |
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Existence Verification |
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Name |
OM SONS INTERNATIONAL |
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Address |
77 – A, Industrial Estate, Ludhiana – 141 003, Punjab, India. |
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2nd
Address |
77 – A, Industrial Estate, Ludhiana – 141 003, Punjab, India. |
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Phone/Mobile
Numbers |
Phone No.91-161-4640008 Fax No.91-161-2530507 Mobile No.91-9814009508 |
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Electricity Bill |
Electricity Bill in the name of the concern Oil Mill Machinery, Like
Oil Expellers |
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Statutory
Approvals |
Partnership |
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Legal Status Of
Firm |
1)Mr. Sant Kumar Singla 2) Mr. Surinder
Singla |
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Income Tax
Registration |
AABPO8360N |
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Service Tax
Registration |
NA |
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VAT/ TIN
Registration |
3632044903 |
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Import Export
Code |
30030000535 |
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Name Of the Bank |
Allahabad Bank, Link Road, Ludhiana |
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Emp PF Reg
Number |
ND |
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Company ESI Reg.
Number |
ND |
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RBI Code Number |
AABPO8360N |
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Credibility
Factors |
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India Mart
Client Since |
New Member |
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Years Of
Establishment |
2008 |
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Trade
Affiliations |
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Export Promotion
Council |
Engineering Export Promotion Council |
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Standards and
Certifications |
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Quality
Management Systems |
YES |
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Safety
Certificates |
YES |
TRADE REFERENCES:
· I.Palm – Malaysia
· Keng Hang - Malaysia
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.67 |
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UK Pound |
1 |
Rs.80.92 |
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Euro |
1 |
Rs.63.71 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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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34 |
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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