MIRA
INFORM REPORT
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Report Date : |
18.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
PROCESS ENGINEERING |
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Registered Office : |
A – 200, Central Road, H B Town Sodpur, (N) City, Kolkata – 700010, West Bengal. |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1997 |
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Legal Form : |
Sole Proprietary Concern |
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Line of Business : |
Manufacturer of Air Foil Fans, Backward Curve Heavy Duty Fans, Radial
Blade Fans, Axial Flow Fans, High Pressure Blowers, Oil Burners, Compact
Impellers, Sliding Gates. |
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 7500 |
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Status : |
Small Concern |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small concern having moderate track. Its payments are
reported as slow but correct. The concern can be considered for small business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Sukesh Dutta |
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Designation : |
Manager |
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Contact No.: |
91-9830142879 |
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Date : |
14.08.2008 |
LOCATIONS
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Registered Office : |
A – 200, Central Road, H B Town Sodpur, (N) bCity, Kolkata – 700010, West Bengal, India |
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Tel. No.: |
91-33-25653951 |
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Mobile No.: |
91-9830142879 |
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Fax No.: |
91-33-25952757 |
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E-Mail : |
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Area : |
600 sq ft |
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Location : |
Rented |
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Factory 1 : |
Sadan Apartment, E2 – H B Town Baras at Road, Kolkatta Sodapur Tools |
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Area : |
900 sq ft |
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Location : |
Owned |
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Factory 2 : |
B T Road, Opp Sukhchar Market, Sodhpur – 110 |
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Tel. No.: |
91-9830142879 |
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Area : |
1000 sq ft |
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Location : |
Rented |
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SOLE PROPRIETOR
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Name : |
Mr. Suranjan Datta |
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Designation : |
Proprietor |
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Date of Birth/Age : |
35 Years |
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Qualification : |
Graduate |
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Experience : |
10 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Air Foil Fans, Backward Curve Heavy Duty Fans, Radial
Blade Fans, Axial Flow Fans, High Pressure Blowers, Oil Burners, Compact
Impellers, Sliding Gates. |
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Products : |
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Terms : |
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Selling : |
Cash and Credit (30 Days / 60 Days) |
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Purchasing : |
Cash and Credit (90 Days / 120 Days) |
GENERAL
INFORMATION
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Customers : |
Wholesaler and Retailer |
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No. of Employees : |
12 (Office – 5, Factory - 7) |
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Bankers : |
Bank of Baroda, Sodhpur. |
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Facilities : |
The concern do not enjoy facility from its bankers. |
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Auditors : |
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Name : |
N N Sakar and Company Chartered Accountant |
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Address : |
Sodhpur |
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Associates/Subsidiaries : |
Process Engineering Works |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.1.500 Millions |
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Borrowed : |
- |
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Total : |
Rs.1.500 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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6.000 |
Expected Sales (2008-09) : Rs.10.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference
- Associated
Pigments Limited – Kolkata – 91-33-22686052
- Primax
Equipment Private Limited – Kolkata
- Sandeep
Industries
- Mayur
Electrocremics - Orissa
Trustseal Acceptance
Chart
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Existence Verification |
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Name |
Process Engineering |
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Statutory Approvals |
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Income Tax Registration |
AGAPD9532A |
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Central Sales Tax Registration |
19663939232 C |
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VAT/ TIN Registration |
19663939038 – V |
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Name of Bank |
Bank of Baroda |
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Current Account Number |
11062026033 |
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Account Since |
1997 |
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Credibility Factors |
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IndiaMART Client Since |
5 Years |
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Years of Establishment |
1997 |
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.42.82 |
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UK Pound |
1 |
Rs.80.01 |
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Euro |
1 |
Rs.63.83 |
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 |
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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37 |
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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