MIRA
INFORM REPORT
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Report Date : |
20.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
SWASTIK SYSTEMS AND SERVICES |
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Registered Office : |
A – 20, Gali No. 4, Hardevpuri, 100 Feet Road, Shahdara, New Delhi –
110 093 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2004 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
07470296888 |
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PAN No.: [Permanent
Account No.] |
AGQPG8382B |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Trader and Dealer of Weighing Scales Systems and Weigh Bridges. |
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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Maximum Credit Limit : |
USD 3000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed concern meeting its normal
commitments timeously. Trade relations are fair. Business is active. The concern can be considered good for normal business dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. Dayanand Gupta |
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Designation : |
Proprietor |
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Date : |
19.08.2008 |
LOCATIONS
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Registered Office : |
A – 20, Gali No. 4, Hardevpuri, 100 Feet Road, Shahdara, New Delhi –
110 093, India |
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Tel. No.: |
91-11-22819019/ 65374623 |
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Mobile No.: |
91-9810895623 |
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Fax No.: |
91-11-22583764 |
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E-Mail : |
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Website : |
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Area : |
600 Sq. ft. |
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Location : |
Rented |
PROPRIETOR
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Name : |
Mr. Dayanand Gupta |
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Designation : |
Proprietor (Chief Executive Officer) |
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Date of Birth/Age : |
34 Years |
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Qualification : |
B. Tech |
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Experience : |
10 Years |
BUSINESS DETAILS
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Line of Business : |
Trader and Dealer of Weighing Scales Systems and Weigh Bridges. |
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Products : |
v
Electronic Weigh
Bridges and Truck Scale v
Automatic
Weighing and Bagging Machine v
Weight
Indicators Controller |
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Agencies Held : |
v ESSAE – Teaoka
Limited v Phoenix v Nitiraj
Engineers Private Limited |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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Customers : |
v Bajaj Hindustan Limited v Rana Sugars Limited v Pasupati Fabrics Limited v Allied Nippon Limited v Bhushan Steels and Strips Limited v Dabur India Limited v Samtel Color Limited v Holostik India Limited v Balrampur Chini Mills Limited v Ab Sugars Limited v The Sonepat Co-Operative Sugar Mills Limited v Ch. Devi Lal Co-Op. Sugar Mills Limited, Ahulana v Indian Agricultural Research Institute, Karnal |
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No. of Employees : |
4 |
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Bankers : |
v HDFC Bank
Limited Yamuna Vihar, New Delhi |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.600 million |
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Borrowed : |
-- |
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Total : |
Rs. 0.600 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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3.500 |
3.000 |
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Profit/Loss for the year |
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10% |
10% |
Expected Sales (2008-09): Rs. 7.500 millions
LOCAL AGENCY FURTHER
INFORMATION
Trust Seal
Acceptance Chart
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Parameters |
Details |
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Existence Verification |
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Name |
Swastik Systems and Services |
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Address |
A – 20, Gali No. 4, Hardevpuri, 100 Feet Road, Shahdara, New Delhi –
110 093, India |
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Tel. No. |
91-11-22819019/ 65374623 |
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Fax No. |
91-11-22583764 |
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Statutory Approvals |
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Legal Status of Firm |
Proprietorship Company |
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Income Tax Registration |
AGQPG8382B |
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VAT/ Tin Registration |
07470296888 |
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Name of Bank |
HDFC Bank Limited, Yamuna Vihar, New Delhi |
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Credibility Factors |
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Year of Establishment |
2004 |
As Per Website Details
Subject are a leading name in supplying weighing systems, weighing scales, electronic weight indicators and weigh bridges catering to varied needs of food, pharma and steel industries. The expertise in the industry also helps us in offering customized products and up gradation facilities to meet the specific weighing and bagging needs at the client's end. The wide range of instruments they offer include weighing systems, digital weighing scales, platform scales, electronic weigh bridges, electronic weighing balance, laboratory scales, tank weighing systems, load cells weigh modules, electronic weight indicators, weight indicator controller, automation equipments and instrumentation equipments. They work under the able guidance of Mr. Dayanand Gupta, whose industry experience and market knowledge helps us in providing satisfactory services to the clients. With the support of the state-of-the-art infrastructure and qualified team professionals, they are dealing with world's top brands including Mettler, Essae and Phoenix.
Products
They are one of the trusted suppliers, who believe in meeting all the weighing needs of the clients right from incoming to production, packaging and shipping under one roof. The concern is dealing with some of the renowned clients at the global level for offering weighing instruments to be used in laboratory, industrial and food retailing applications and providing quality after sales services. The range of products they offer include:
v Digital Weighing Scale
v Platform Scales
v Electronic Weigh Bridges
v Electronic Weighing Balance
v Laboratory Scales
v Tank Weighing Systems
v Load Cells Weigh Modules
v Weight Indicators Controller
v Automation Equipments
v Instrumentation Equipments
Dealers
Essae-Teaoka Limited
It is an
ISO 9001:2000 certified company with 61 branches all over India for providing
fast and efficient services. The company has done more than 2,00,000 successful
installations with more than 30 models to meet any requirement of clients.
Phoenix
A multi
product, multi activity company engaged in providing world class
instrumentation products and solutions to clients across the market. Some of
the accreditations of he company include :
ISO
9001:2000 for compliance with the International Quality system standard by
American Quality Assessors
DGS and
D Registered
Nitiraj Engineers Private Limited
Established in 1989, today is one
of the leading manufacturers of Electronic Weighing Scales and Systems. It has
its corporate office at Dhule (India). The company today has sophisticated state
of the art manufacturing facilities at Dhule (M.S.), Silvassa (U.T. of D and
N,H,) and Parwanoo (H.P.)
Services
v
Sales and service of all kinds of electronic weight-bridges, auto
weighing and bagging machines, tank weighing systems and electronic weighing
scales in different capacities, resolutions and models.
v
Repairing and maintenance of electronic weighing machines, weighing
bridges and systems, etc.
v
Conversion of all existing mechanical type bagging machines to load cell
based fully electronic weighing and bagging machines with better speed and
accuracy.
v
They can also provide superior quality branded spares for all the
existing weighing machines to the customers.
v
Conversion of mechanical weigh-bridges and tank weighing systems to load
cell based fully electronic with data recording.
v
Stamping and verification by weights and measures department.
Infrastructure
They have a highly supportive, state-of-the-art infrastructure that compliments us in providing flawless products and services to the clients. The unit has got some of the most advanced equipments that are used in building customized products for customers. These instruments are procured from reliable manufacturers in the market. They have a strong network that further assists us in reaching every part of the country in the most efficient manner. Apart from this, they have the own warehouse and packaging department that further leads to the supply of safe instruments at the customer's end. They have build racks for keeping the products that help us in easily locating them at the time of transportation. The team of packaging experts makes use of the best available materials in wrapping the instruments that will help us in sending defect less products to the clients.
Team
They
have a team of highly qualified personnel that help us in providing the best
range of electronic weighing and packing systems to the clients. The team
comprises of engineers, electrical experts, quality checkers, product
procurement people, marketing staff and other packaging experts. All of them
work in proper co-ordination with each other to deliver faultless instruments
at customer's end.
They are reputed as well as authorized dealers
of Essae and Phoenix brand engaged in providing a wide range of weighing scales,
systems and bridges instruments that have got usage in food, pharma and steel
industries. The team of highly proficient people also provide customization
services in increasing the accuracy level as well as the speed of the
instruments for clients. Some of the products they offer include:
Electronic
Weighing Scale
They offer digital weighing scales to the clients of Essae,Phoenix and Mettler
make which are high accuracy for precision weighing. The large and bright fluorescent
display with battery backup and dual display provided with the instrument help
in proper handling of the product. The electronic weighing scales they offer to
the clients have rugged construction with a stainless steel plate form. These
scales are used for weighing purpose in food industry. Product range:-
v Jewellery
Balance
v Table
Top Scale
v Pocket
Scale
v Price
Computing Scale
v Counting
Scale
v Digital
Bench Scale
v Coin
Operated Scale
v Check
Weighing
v Baby
Weighing Scale
v Plateform
Scale
v Heavy
Duty Plateform Scale
v Hanging
Scale
v Pallet
Weighing Scale
v Personal
Scale
v Kitchen
Scale
v Crane
Scale
v Label
Printing Scale
Some features of the products include:
v
Display on
attached pole or on a separate stand.
v
Custom built
platter sizes
v
Piece counting
and memory accumulation
v
Inbuilt
rechargeable battery and charger
v
Optional RS
232 computer inter face
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. 43.23 |
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UK Pound |
1 |
Rs. 80.89 |
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Euro |
1 |
Rs. 63.80 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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, they have no basis upon which to
recommend credit dealings |
No Rating |
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