MIRA
INFORM REPORT
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Report Date : |
12.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
CONSOLE INDUSTRIES |
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Registered Office : |
61, Dsidc Complex, Okhla Industrial Area, Phase – I, New Delhi – 110
020 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1996 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of console steam Inhalators, Facial Sauna, Wonder, Heating pads, Hot Water Bags and Cultural Bottle |
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 relatively small concern. Proprietor is reported as experienced and respectable businessman. His trade relations are fair. Scale of activity is small. Payments are usually correct and as per commitments. The concern can be considered for small business dealings
at usual trade terms and conditions.
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INFORMATION PARTED
BY
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Name : |
Mr. Augustine Anbat |
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Designation : |
Proprietor |
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Contact No.: |
91-9810981659 |
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Date : |
12.02.2008 |
LOCATIONS
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Registered Office / Head Office: |
61, Dsidc Complex, Okhla Industrial Area, Phase – I, New Delhi – 110
020, India |
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Tel. No.: |
91-11-26810154 / 65687185 |
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Mobile No.: |
91- 9810981659 / 9999024090 |
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Fax No.: |
91-11-26811185 |
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E-Mail : |
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Website : |
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Area : |
3,000 Sq.ft |
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Location : |
Rented Industrial |
SOLE PROPRIETOR
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Name : |
Mr. Augustine Anbat |
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Designation: |
Sole Proprietor |
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Mobile: |
91- 9810981659 / 9999024090 |
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Date of Birth/Age : |
54 years |
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Qualification: |
Graduate |
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Experience : |
30 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of console steam Inhalators, Facial Sauna, Wonder, Heating pads, Hot Water Bags and Cultural Bottle |
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Products : |
The subject is manufacturing the following products |
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Steam Inhalators, Facial Suana, vaporizers, Humidifiers, Urine Culture Bottle, Eye Wash Cups, Premier Console, Mini Console, Facial Sauna & Wonder-console steam, Inhaltor, Hot Water Bottle, Culture Bottle, Electronic Ballasts, Remote Bells. Remote Switches, Water Alarms |
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Exports : |
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Countries : |
Middle East, South Africa |
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Terms : |
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Selling : |
On Credit: 30 to 45 days and LC basis |
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Purchasing : |
On CAD basis |
GENERAL
INFORMATION
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Customers : |
Wholesalers, Retailers. |
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No. of Employees : |
25 |
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Bankers : |
v ICICI Bank Limited, Panchsheet Park, Delhi v Union Bank of India, Okhlal, Delhi |
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Facilities : |
The concern do not enjoy facility from its bankers |
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Banking Relations
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Satisfactory |
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Auditors : |
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Name : |
Amrit Kaur and Associates Chartered Accountants |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.800 millions |
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Borrowed : |
---- |
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Total : |
Rs. 1.800 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
6.000 |
4.200 |
3.200 |
Expected Sales (2007-08): Rs. 9.000
millions.
LOCAL AGENCY
FURTHER INFORMATION
The subject is manufacturing the following product
v Steam Inhalators,
v Facial Sauna,
v Vaporizers,
v Humidifiers,
v Urine Culture Bottle,
v Eye Wash Cups,
v Premier Console,
v Mini Console,
v Facial Sauna and Wonder-console steam,
v Inhalator,
v Hot Water Bottle,
v Culture Bottle,
v Electronic Ballasts,
v Remote Bells.
v Remote Switches,
v Water Alarms
AS PER
WEBSITE: -
This is high-tech equipment is the most versatile of this kind for effective steam inhalation in Hospitals, Nursing Home, Health Clinics and Homes for relief from Cold, Sinusitis, Bronchitis and other Pollution Realated Respiratory Disorders.
Console Industries, Health Care Division is dedicated for manufacture and supply "Console" Brand variety of "Steam Inhalators" - a high quality Health Care equipment - of a comforting departure from the traditional way of steam inhalation for prevention, relief and cure for pollution related Respiratory Disorders, Cold, Sinusitis and Bronchitis etc. etc.
The main users of Console Steam Inhalators are scattered among
Hospitals, Nursing Homes, He Clinics, Homes, Beauty Parlours, Hair Saloon,
Naturopathic, Ayurvedic ,
Medical/Therapeutic Treatment Centers etc.
Console Health/Steam Care Products :
Premier - Console Steam Inhalator Cum Humidifier
Premier - Console, a high-tech Steam Inhalator is the most versatile of its kind available for administering effective Steam Inhalation to Infants as well as Adults.
Premier - Console Steam Inhalator is a state-of-the-art equipment,
facilitating comfortable, non-messy and safest way for providing optional Steam
Inhalation Therapy and Facial Treatments etc.
Premier - Console is an indispensable device for every House, Hospital,
Nursings Homes, Health Clinics for prevention, relief and cure from Cold,
Sinusitis, Bronchitis, Asthma and other pollution related respiratory
disorders.
Hospitals, Nursing Homes, Health Clinics and Homes for relief from Cold,
Sinusitis, Bronchitis, Asthma and other pollution related respiratory disorders
Ayurvedic / Medical / Naturopathic/ Therapeutic treatments, muscular and Joint
pains etc. Also used as Humidifier in Offices, Homes and in certain Scientific
Equipments.
MINI/MINI SUPER DELUXE and WONDER/WONDER DELUXE - CONSOLE Vaporizers can
also be used as Mini Humidifier to adjust the degree of humidity in a room,
especially during the period when heating is on.
Other salient Features of CONSOLE Steam Inhalators:
Ideal device for administering steam to INFANTS as well as ADULTS.
Highly recommended for Facial Treatments and Hair Setting in Beauty
Parlours Hair Saloons etc.
Console Steam Inhalators all soothing. non-messy and safest form of
uninterrupted steam is recommended by experts and forms an integral part of
Ayurvedic/Medical/Therapeutic Treatments.
It clears out the hazardous pollutants inhaled and accords instantaneous
refreshing and revitalizing relief from the dragging down effect of a busy day
It is an Ideal Gift item to the near and dear ones on all occasions and
in all seasons.
As humidifier, Console Premier Steamers are recommended for bedrooms,
living rooms and offers when heating is 'ON' and also used as Humidifier by
certain manufacturers in their scientific equipments.
Console pleasantly deodorizes any closed place.
Ensure generation of purest form of steam right from 'On to Auto
Cut-off' position of the system.
All CONSOLE Steam Inhalator/Vaporizer containers are detachable and
makes 100% cleaning possible to ensure generation of more Healthcare and pure
steam.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.66 |
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UK Pound |
1 |
Rs.78.16 |
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Euro |
1 |
Rs.58.09 |
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 |
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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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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