MIRA INFORM REPORT

 

 

 

Report Date :

23.08.2008

 

IDENTIFICATION DETAILS

 

Name :

SUPER (INDIA) SPARES PRIVATE LIMITED

 

 

Registered Office :

Plot No. 218, Ghanshyam Park Building, Room No. 301, 3rd Floor, Road No. 14, Jawahar Nagar, Mumbai-400062, Maharashtra

 

 

Country :

India

 

 

Date of Incorporation :

10.01.2008

 

 

Com. Reg. No.:

177699

 

 

CIN No.:

[Company Identification No.]

U25190MH2008PTC177699

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMS58682B

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader, Exporter and Importer of Engineering Goods

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a successor to Super (India) Services,  a partnership concern which was established in year 1990.

 

Subject has steady business.

 

Trade relations are fair. Payments 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

 

Name :

Mr. Nitinkumar Shah

Designation :

Director

Contact No.:

91-9324779103

Date :

21.08.2008

 

 

LOCATIONS

 

Registered Office :

Plot No. 218, Ghanshyam Park Building, Room No. 301, 3rd Floor, Road No. 14, Jawahar Nagar, Mumbai-400062, Maharashtra, India

E-Mail :

superindia@hotmail.com

 

 

Corporate Office :

Plot No. 24-B-B/8, Paramsikh Shanti Building, Near Datt Nursing Home, Jawahar Nagar, S V Road, Goregaon (West), Mumbai-400062, Maharashtra, India

Tel. No.:

91-22-28766466/ 28758609

Fax No.:

91-22-28758609

Mobile No.:

91-9324779103

E-Mail :

Superindia123@gmail.com

Area :

500 sq.ft ( Rented)

 

 

DIRECTORS

 

Name :

Mr. Nitinkumar Shah

Designation :

Director

Address :

148/ 1, Jawahar Nagar Road =1, Goregaon (West), Mumbai-400062, Maharashtra, India

Date of Birth/Age :

01.04.1964

Qualification :

B.S.C

Experience :

20 Years

Mobile No.:

91-9324779103/ 9867709103

 

 

Name :

Mr. Babulbhai Chandubhai Shah

Designation :

Director

Address :

No. 17, New Ashish Flat, Opposite Shefali Centre, Paldi, Ahmedabad-380007, Gujarat, India

Date of Birth/Age :

27.10.1933

Qualification :

B.A

Experience :

35 Years

 

 

Name :

Mrs. Ramaben Babulbhai Shah

Designation :

Director

Address :

No. 17, New Ashish Flat, Opposite Shefali Centre, Paldi, Ahmedabad-380007, Gujarat, India

Date of Birth/Age :

19.09.1936

Qualification :

Under graduate

 

 

Name :

Mr. Rajan Babulbhai Shah

Designation :

Director

Address :

2, Ashish Flats, Near Himvan, Opposite Shefali Centre, Paladi, Ahmedabad-380007, Gujarat, India

Date of Birth/Age :

26.08.1970

Qualification :

B.Com.

Experience :

12 Years

 

 

Name :

Mrs. Chhaya Nitin Shah

Designation :

Director

Address :

I-8,9, Plot No. 105, Jawahar Nagar, Goregaon (West), Mumbai-400062, Maharashtra, India

Date of Birth/Age :

24.07.1968

Qualification :

B.A

 

 

BUSINESS DETAILS

 

Line of Business :

Trader, Exporter and Importer of Engineering Goods

 

 

Products :
  • Carbon Graphite
  • Silicon Carbide
  • Ceramic and Tungsten Carbide
  • Fibre Producs
  • Seals and Pumps Spares
  • All types of Fibre Gland Plates for chemical process pumps.

 

 

Exports :

 

Products :

Engineering Goods

Countries :
  • South Arebia
  • UAE
  • East Africa
  • European Countries

 

 

Imports :

 

Products :

Machinery

Countries :
  • China
  • Germany

 

 

Terms :

 

Selling :

Credit ( 60-90 Days) and T.T

 

 

Purchasing :

L/C, Credit ( 60 Days) and T.T

 

 

GENERAL INFORMATION

 

Customers :

Wholesalers and End Users

 

 

No. of Employees :

6

 

 

Bankers :

Bank of Baroda, Goregaon (West) branch

 

 

Facilities :

CC Limit Rs. 1.200 Millions

 

 

 

Banking Relations :

Satisfactory

 

 

Auditors :

 

Name :

Jatin shah and company

Chartered Accountant

Address :

Goregaon (West)

 

 

Associates/Subsidiaries :

Creative Corbon Private Limited, Ahmedabad

 

 

CAPITAL STRUCTURE

 

Authorised Capital :

No. of Shares

Type

Value

Amount

50000

Equity Shares

Rs. 10/- each

Rs. 0.500 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

50000

Equity Shares

Rs. 10/- each

Rs. 0.500 Million

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

 

No financials are available as the subject is a new company.

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Trade References:

 

 

AS PER WEBSTIE

 

Profile:

 

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. The company is the authorized dealer and stockiest of M/s Schunk Metal and Carbon (India) Private Limited- Germany, M/s Carborundum Universal Limited and M/s Rapicut Carbides Limited In the field, the 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 the 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 the products from time to time.


Product Range

 

 

The Vision

 

The vision is clear like crystal, to accomplish the organizational goals and become the most preferred exporter, importer and supplier of carbon graphite, silicon carbide, ceramic and tungsten carbide products. Developing long-lasting relations with customers and expanding the network all over the world is the vision. Personalized customer services is the specialty and they are committed to meet the customer's exact demand.

 

 

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 theyre 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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.43.38

UK Pound

1

Rs.81.34

Euro

1

Rs.64.55

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

5

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

YES

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

TOTAL

 

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

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions