MIRA
INFORM REPORT
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Report Date : |
22.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
SUPER INDIA SPARES PRIVATE LIMITED |
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Registered Office : |
Plot No.218, Ghanshyam Park Building, Rom No..301, 3rd Floor,
Road No.14, Jawahar Nagar, Mumbai – 400062, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
10.01.2008 |
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Com. Reg. No.: |
177699 |
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CIN No.: [Company
Identification No.] |
U25190MH2008PTC177699 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMS44841G |
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PAN No.: [Permanent
Account No.] |
AAMFS4006J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer, Exporter and Importer of Metal and Carbon Products. |
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 successor to Super (India) Services, Mumbai union was
established in year 1990. Its trade relations are fair. Payment are usually correct and as per
commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Nitin Shah |
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Designation : |
Director |
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Contact No.: |
91-9324729103 |
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Date : |
19.08.2008 |
LOCATIONS
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Registered Office : |
Plot No.218, Ghanshyam Park Building, Rom No..301, 3rd Floor,
Road No.14, Jawahar Nagar, Mumbai – 400062, Maharashtra |
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E-Mail : |
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Factory : |
Plot No. 24 – B / 8, Paramsukh Shanti Building, Near Datt Nursing Home,
Jawahar Nagar, S.V. Road, Goreagaon (West), Mumbai – 400062, Maharashtra |
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Tel. No.: |
91-22-28766466 / 28766597 |
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Mobile No.: |
91-9867709103 / 9324779103 (Mr. Nitin Shah) |
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Fax No.: |
91-22-28758609 |
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E-Mail : |
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Website : |
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Area : |
500 sq ft |
DIRECTORS
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Name : |
Mr. Nitin Shah |
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Designation : |
Director |
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Address : |
148/1, Jawahar Nagar Road – 1, Goregaon (West), Mumbai – 400062,
Maharashtra, India |
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Date of Birth/Age : |
01.04.1964 |
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Qualification : |
Graduate (B. Sc) |
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Name : |
Mr. Rajan Shah |
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Designation : |
Director |
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Address : |
2, Ashish flas, Nr. Himvan, Opp. Shefali Centre, Paldi, Ahmebad -
380007, Gujarat, India |
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Date of Birth/Age : |
26.08.1970 |
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Qualification : |
Graduate (B. Com) |
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Name : |
Mrs. Chaya Shah |
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Designation : |
Director |
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Address : |
I – 8, Plot No.105, Jawahar Nagar, Goregaon (West), Mumbai – 400062,
Maharashtra, India. |
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Date of Birth/Age : |
41 Years |
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Name : |
Mr. Babubhai Shah |
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Designation : |
Director |
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Address : |
No. 17, New Asia Flat, Opp. Shefali Center, Paldi, Ahmedabad – 380007,
Gujarat, India |
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Date of Birth/Age : |
27.10.1933 |
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Name : |
Mrs. Ramben Babubhai Shah |
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Designation : |
Director |
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Address : |
No. 17, New Asia Flat, Opp. Shefali Center, Paldi, Ahmedabad – 380007,
Gujarat, India |
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Date of Birth/Age : |
19.09.1936 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
AS ON 20.11.2007
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Names of Shareholders |
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No. of Shares |
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Mr. Nitin Shah |
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5000 |
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Mr. Babubhai Shah |
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25000 |
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Mrs. Ramben Babubhai Shah |
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10000 |
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Mr. Rajan Shah |
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5000 |
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Mrs. Chaya Shah |
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5000 |
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Total |
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50000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Metal and Carbon Products. |
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Products : |
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Exports : |
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Products : |
Carbon Graphic |
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Countries : |
Saudi Arebia and East Africa, UAE, USA, European Countries, North America,
South America, Western Europe, Eastern Europe, Estern Asia, Oceania, Mid
East, Southeast Asia. |
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Imports : |
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Products : |
Carbon Graphic |
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Countries : |
Germany and China |
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Terms : |
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Selling : |
T/T and Credit (60 Days) |
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Purchasing : |
T/T and Advance |
GENERAL
INFORMATION
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Customers : |
Retailer and OEM’s |
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No. of Employees : |
6 |
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Bankers : |
Bank of Baroda, Goregaon |
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Facilities : |
CC Limit Rs.1.200 Millions |
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Auditors : |
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Name : |
M/s. Jatin Shah and Company Chartered Accountant |
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Address : |
Goregaon |
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Tel. No.: |
91-22-28775500 |
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Associates/Subsidiaries : |
Creative Carban India Private Limited, Ahmedabad |
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Line of Business : |
Manuj at Polling Machine |
CAPITAL STRUCTURE
As On 31.03.2008
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10/- Each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10/- Each |
Rs.0.500 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
Not available as the subject is a new company however
successor to Super (India) Services, a Partnership Concern which was estimated
in year 1990
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Particulars |
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31.03.2008 |
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Sales Turnover |
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28.750 |
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LOCAL AGENCY
FURTHER INFORMATION
Trade References:
♦
Leak Proff Engineering
♦
Rapicut Carbides
Company Details:
Subject is a leading name
in the arena of metal and carbon products as a renowned exporter, importer and supplier.
They deal in carbon graphite, silicon carbide, ceramic and tungsten carbide
products. Their company is the authorized dealer & stockiest of M/s Schunk
Metal & Carbon (India) Private Limited - Germany, M/s Carborundum Universal
Ltd. and M/s Rapicut Carbides Ltd. In their field, their company's name is
taken with due respect because of high product quality and reasonable rates.
Many prominent pump manufacturers and Mechanical seal Manufacturers are the
part of their client lists. In addition to this, they also supply products to
Electricity board, chemical units, Fertilizer units as a OEM supplier. They
understand the market's requirement and try to incorporate every suggestive
feature in their products from time to time.
Product Range
- Carbon Blanks
(Bush) in Resin & Metallic Grade of Schunk make in different sizes for
making all types of carbon seal rings for mechanical seals.
- Silicon
Carbide Tubes in different sizes for making all types of seal faces.
- Ceramic
Seals, Sleeves and Tubes in different sizes in high aluminia grade for
Chemical application.
- Tungsten
Carbide Rings (TC Rings) in various shapes for Mechanical seal face used
in various types of pumps.
- All types of
complete Mechanical Seals and their related spares in various combinations
of materials.
- Various types
of pump spare i.e. Fibre Gland Plate, SS Shaft Sleeves and Imperal.
- All types of
guide, Seal Rings and Segmented Rings in various types of Materials.
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.43.58 |
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UK Pound |
1 |
Rs.81.43 |
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Euro |
1 |
Rs.64.52 |
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 |
YES |
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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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