MIRA
INFORM REPORT
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Report Date : |
29.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
HARI OM ELECTRIC COMPANY |
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Registered Office : |
1836/3, 3rd Floor, Bhagirath Palace, Chandni Chowk, New
Delhi – 110 006 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 (Estimated) |
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Year of Establishment : |
2003 |
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PAN No.: [Permanent
Account No.] |
AARCY5303M |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Traders of Electrical and Electronic Test and Measuring Instruments
and Equipments. |
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 6000 |
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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 a well – established concern in its field. Business is
steady. Trade relations are fair. Payments are usually correct and as per
commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Hari Mohan Yadav |
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Designation : |
Proprietor Cum Chief Executive Officer |
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Date : |
19.08.2008 |
LOCATIONS
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Registered Office : |
1836/3, 3rd Floor, Bhagirath Palace, Chandni Chowk, New Delhi
– 110 006, India |
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Tel. No.: |
91-11-23860034 / 23874347 |
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Mobile No.: |
91-9312879901 / 9968313601 |
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Fax No.: |
91-11-23874347 |
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E-Mail : |
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Website : |
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Area : |
288 Sq.fts |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Hari Mohan Yadav |
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Designation : |
Proprietor Cum Chief Executive Officer |
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Date of Birth/Age : |
37 years |
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Qualification : |
Graduate |
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Experience : |
14 years |
BUSINESS DETAILS
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Line of Business : |
Traders of Electrical and Electronic Test and Measuring Instruments
and Equipments. |
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Products : |
· Cam Operated Rotary · Control and Signal Devices · Analogue Panel Meter · Digital Panel Meter · Electronic Timer Relays · Hooter and Buzzer · Current Transformers · MCB Distribution Boards · Relays · Terminal Blocks · HBC / HRC Fuse Links · Electrical Fuses and Switches |
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Brand Names : |
·
Nippen ·
asian ·
AE ·
Salzer ·
Piri ·
Surdhi ·
Crystal ·
Shi · CSPC |
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Agencies Held : |
·
Nippen ·
asian ·
AE ·
Salzer ·
Piri ·
Surdhi ·
Crystal ·
Shi · CSPC |
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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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Suppliers : |
·
Nippen ·
asian ·
AE ·
Salzer ·
Piri ·
Surdhi ·
Crystal ·
Shi · CSPC |
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Customers : |
Dealer Network, Builders, etc |
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No. of Employees : |
6 |
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Bankers : |
Syndicate Bank, Chandni Chowk, Delhi – 110 006, India |
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Facilities : |
Rs. 0.500 million |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.200 millions |
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Borrowed : |
--- |
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Total : |
Rs. 1.200 millions |
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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10.000 |
9.000 |
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Profit/Loss for the year |
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11% |
11% |
Expected Sales (2008-09): Rs. 15.000 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 |
HARI OM ELECTRIC COMPANY |
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Address |
1836/3, 3rd Floor, Bhagirath Palace, Chandni Chowk, New
Delhi – 110 006, India |
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Phone / Mobile Numbers |
91-11-23860034 |
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Fax Number |
91-11-23874347 |
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Statutory Approvals |
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Legal Status of Firm |
Proprietorship Firm |
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VAT / TIN Registration |
*07290259060 |
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Name of Bank |
Syndicate Bank, Chandni Chowk, Delhi-110
001, India |
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Creditability Factors |
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Years of Establishment |
2003 |
WEBSITE DETAILS:-
Subject is traders of electricals and
electronic test and measuring instruments having experience.
PRODUCTS LINE: PVC wire, tape, PVC sleeves, PVC gland, Buswar sports,
Belt, Button, Ferrule, Saddle, Clip, Thumble, Gland, Stop Solonite, Switch,
SPIRAL, Cable Tie, MCB, MCCB, Change over switch, Main switch, Rotary
Switch, Cam switch.
Analog meter, Digital meter, Volt meter, Watt Meter, PF Meter, Frequency
Meter, Phase sequence meter, kva
,kvar, Energy meter, multi meter, Kwh Meter,
Multifunction meter, Kw meter, Smart Load Manager, Transducer, Insulation
Tester, Earth Tester, Tong Tester, SUNT, Current Transformer, Dimmer state.
C.T, P.T, Ac Timer, Dc Timer.
ES Relay, Frequency Relay, Over Current Relay, Plug Intype Relay, Crank
Relay, Control Relay, APFC Relay, Magger Light, Push Button, Terminal Block,
Terminal strip, PVC channel, Terminal, MCB channel, Panel Lock, Capacitor
Temperature Controller, Battery charger.
With an experience of around a decade, they have established their
selves as a repute stockist of electrical and electronic testing and measuring
instruments. Their years of experience and expertise has enabled them to carve
a niche in the international market. They have personify reliability, quality,
durability and safety in their range of testing and measuring instruments. This
has helped them to make their annual turnover of Rs. 60 millions. Further,
their infrastructure, dedicated workforce and ethical business practices plays
an important role in meeting the varied needs of their clients. Their
association with reputed companies as an authorized stockist is the proof of
their transparent business policies. The support of their dedicated employees also
aids in the growth of their business. Their experience and expertise are
playing important role in efficiently handling their business processes.
Product Range
Their concern offers a wide range of electrical and electronic testing
and measuring instruments. The instruments they offer include control and
signal devices, CAM operated rotatory switches, digital panel meter, hooter and
buzzer, RMS digital multifunction meter, current transformers, current shunts,
relays, terminal blocks, HBC / HRC fuse links, Analogue Panel Meter, Electrical
fuses and others.
Procured from trusted manufacturers and producers, these electrical and
electronic testing and measuring instruments exhibits the following features:
· Precision design
· Technical accuracy
· Durable
· Low maintenance
· Easy in operation
· Saves energy
· Resistance to temperature
Quality
Being the authorized dealer of NIPPEN, ASIAN, AE, SALZER, PIRI, SURDHI,
CRYSTAL, SHI, CSPC India their concern ensures of offering qualitative range of
electrical and electronic testing and measuring instruments. Their concern
checks for any defect or damage during the procurement processes. The in house
quality checking also ensures of delivering qualitative instruments to their
customers.
Their experienced quality analysts of their concern also check the
instruments so that the defective items are eliminated before dispatch thus
delivering quality instruments to their clients.
Team
Their team comprises of experienced professionals who are working in the
direction to satisfy their clients' electrical and electronic testing and
measuring instruments. The experience and the expertise of their team enable
them to deliver timely and quality service at minimal cost. Their cooperation
and joint efforts in dealing with their clients has enabled them to mark a good
name in the international market. Their team includes sales and marketing
representatives, warehouse managers, procurement specialists, quality analysts,
sales managers, market analysts, logistics personnels etc, who work
efficiently.
Procurement
Process
They take utmost care while procuring electrical and electronic testing
and measuring instruments from manufacturers or producers. They assure that
they procure their range of products from reliable and trusted manufacturers,
who have a strong goodwill in the market. Their procurement specialists are
well aware of these strategies and are responsible for taking all the goods
from the clients and further bring them to their warehouse.
Sales and
Distribution Network
Their concern has a vast distribution network area, which is spread all
over the globe. This enables them to deliver their range of electrical and
electronic testing and measuring instruments in stipulated time period. They
are backed by efficient and responsible sales and marketing team who study the
markets needs and deliver their range of instruments accordingly. They closely
notice the demand of their instruments, about the buyers and other industry
players. Their strong planning and strategies about their business aids them in
proper functioning of their jobs.
Warehouse and Packaging
They have a spacious warehouse that enables them to perform perfectly
and provides suitable and spacious storage facility and proper stock management
for electrical and electronic testing and measuring instruments. Their
well-maintained warehouse also helps them in the various trading operations of
electrical and electronic testing and measuring instruments. The warehouse aids
in storing their imported instruments in good conditions with proper loading
and unloading facilities. Moreover, their concern also provides good packaging
facility for their range of electrical and electronic testing and measuring
instruments. The packagings are done with qualitative range of packaging
materials to pack their goods for safe delivery. This protects from any damage
during the transit.
Customer
Satisfaction
They are dedicately engrossed in offering qualitative range
of electrical and electronic testing and measuring instruments to satisfy
their customers' requirements. Their strong base of clients across the
globe are the result of providing products satisfaction to their clients. The
ethical business practices and efficient delivery schedules enables them to
deliver products as per the requirements of their clients. They offer these
instruments at most competitive prices.
Why Them?
· Timely delivery.
· Transparent trade practices.
· Reliable inventory.
· Expeditious shipping.
· Innovative design and development.
· High product quality.
· Competitive prices.
· Efficient order processing systems.
· Accurate customization.
· Global sales.
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 :
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.43.73 |
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UK Pound |
1 |
Rs.80.31 |
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Euro |
1 |
Rs.64.61 |
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 |
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, we have no basis upon which to
recommend credit dealings |
No Rating |
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