MIRA
INFORM REPORT
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Report Date : |
04.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
SEALTEC INDUSTRIES |
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Registered Office : |
162/5, Behind Triveninagar Bus Stop, Triveninagar, Talawade, Pune –
412114, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1994 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of Ice Lolly (Pepcee) Packing Machines, Liquid
Packing Machines, Oil Packing Machines, Viscous Packing Machines, Granules
Packing, Power Packing Machines, Multi Track Packing Machines, Weigh Martic
Packing Machines, Semi Automatic Filling Machines. |
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 10000 |
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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 having satisfactory
track. Proprietor is reported as experienced and respectable businessman. Trade
relations are fair. Business is active. Payments are reported as usually
correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office/ Factory : |
162/5, Behind Triveninagar Bus Stop, Triveninagar, Talawade, Pune –
412114, Maharashtra, India |
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Tel. No.: |
91-20-27660266/27660453 |
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Mobile No.: |
91-9822015221 |
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Fax No.: |
91-20-27691757 |
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E-Mail : |
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Website : |
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Area : |
4000 sq. ft. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Sunil Karandikar |
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Designation : |
Proprietor |
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Date of Birth/Age : |
42 years |
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Qualification : |
Graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Ice Lolly (Pepcee) Packing Machines, Liquid
Packing Machines, Oil Packing Machines, Viscous Packing Machines, Granules
Packing, Power Packing Machines, Multi Track Packing Machines, Weigh Martic
Packing Machines, Semi Automatic Filling Machines. |
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Exports : |
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Products : |
All Products |
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Countries : |
·
African Countries ·
Sri Lanka ·
USA ·
Uzbekistan ·
South Africa ·
Sri Lanka ·
Kenya ·
Tanzania ·
Mauritius ·
Belgium ·
Yemen ·
Uzbekistan ·
Mozambique ·
Cameroon ·
Nigeria ·
Congo ·
Uganda ·
Sudan |
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Terms : |
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Selling : |
L/C, Cash and Credit (30 days) and T/T |
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Purchasing : |
Cash and Credit (30 days) |
GENERAL
INFORMATION
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Customers : |
·
Chemical (India) Limited - Pune ·
Baba Ramdev Industries - Yavatmal ·
Weikfield Products - Pune ·
Suprabha Protectives Private Limited - Pune ·
Khamkar Dairy - Ratnagiri ·
Chandan Sweet - Pune ·
Poona Dal and Oil Industries - Pune ·
Crown Industries - Sangali ·
Desai Products - Ratnagiri ·
Sawarkar Foods - Ratnagiri ·
Polygoan Adhesive Products - Pune ·
Adinath Food Industries – Pune ·
HRJ Surgicals - Thane ·
Ghia Surgicals Private Limited - Thane ·
Overseas Beverages Private Limited - Goa ·
Ojas Industries Private Limited – Alwar - Rajasthan |
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No. of Employees : |
22 |
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Bankers : |
·
Central Bank of India, Nigdi Branch ·
ICICI Bank , Chichwad Branch |
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Facilities : |
C/C – Rs.1.000 Million from Central Bank of India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Sadanand Kale and Associates Chartered Accountants |
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Address : |
Nigdi, Pune |
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Tel. No.: |
91-9422087325 |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.1.500 Millions |
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Borrowed : |
Rs.1.000 Million |
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Total : |
Rs.2.500 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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13.000 |
9.000 |
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Expected Sales (2007-08) : Rs.20.000 Millions
LOCAL AGENCY FURTHER
INFORMATION
Website
details:
They belive in ensuring the product is well dressed. In
refreshing colours, the logo and brand name.
Because people all over the world would know the product
from the identy it wears.
Only a superior quality packing can do justice to its brand
identity. The kind they can help
They manufacture state-of-the art packing machines for
various sizes and volumes of products ranging from tra and cofee granules,
milk, Oil and Shampoo. Then again, they care about the product reaching the
market as pure and frsh as when it was in the factory, dairy, tea garden or oil
mill.
They design machines as per customized requirements.
With several prominent industries on their client list,
Sealtec also caters to offshore markets including African Countries and the
Middle East, Russia, Sri Lanka, etc. Allow us to pack that punch in your
product and make it go places.
Some
More Customers:
·
Chemical (India) Limited - Pune
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Baba Ramdev Industries - Yavatmal
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Shri Damodar Products - Karnataka
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Chemical India Company - Pune
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Dhanlaxmi Masale - Pune
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Mahalasa Enterprises - Goa
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Shri Mahila Gruh Udyog Lijjat Papad - Pune
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Shri Ganesh Masale - Pune
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Everest Pharma - Pune
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Butic Cosmetics (Private). Limited - Pune
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Govindani Products - Yavatmal
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Prakash Masale - Osmanabad
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Gits Foods - Pune
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Kolhapur Zilla Sahakari Dudh utp. Sangh ltd - Kolhapur
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Hexagaon Chemoils Private Limited - Nashik
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Naturell (India) Private Limited - Mumbai
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En Sign Health care Pharma Limited - Pune
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Aswad Masale Products - Ratnagiri
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J.J.Popcorns – Surat (Gujarath)
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Lucky Biscuits Factory - Jaipur (Rajasthan)
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Weikfield Products - Pune
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Suprabha Protectives Private Limited - Pune
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Devansh products - Pune
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Gadag Tea Depot - Gadag
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Polchem Hygine Laboratories Private Limited - Pune
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Posh Food Products - Pune
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Pinaki Food Industries - Pune
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Poona Dal and Besan Industries - Pune
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Shaw Wallace and Company Limited – West Bengal
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Warman Foods - Pune
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ASK Industries - Pune
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ASK Sales and Services - Akola
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Grasim Industries Limited ( White Cement Div) -
Jodhpur
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Empire Spices and Food Limited - Nashik
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Khamkar Dairy - Ratnagiri
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Chandan Sweet - Pune
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Shri Balaji Milk and Milk Products - Satara
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Kalpataru milk and Milk products - Karnataka
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Surendra Milk Products - Dhule
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Ram Rahim Milk Dairy - Karnataka
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Bindesh Food Products - Goa
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Kutwal Food Products - Pune
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Parbhatsar Dairy – Rajasthan
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Krisha Dairy and Creamery - Bilaspur (C.G)
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Radheshyam Milk and Milk Products - Karad
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Ketki Sales - Nashik
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Crystal Beverages – Yavatmal
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Jawalethar Dairy - Rajapur
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Shree Nandi Milk Dairy - Karnataka
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Shri Jay Mataji Dairy - Bilaspur (C.G)
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Yashoda Milk and Agro Pharm
- Sawantwadi
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Morya Milk and Milk products - Satara
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Mangalprabhat Dugdhalaya - Mumbai
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Saraswati Dairy - Jalgaon
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Kapil Dairy - Kolhapur
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Poona Dal and Oil Industries - Pune
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Crown Industries - Sangali
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Maharashtra Oil Depot - Solapur
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Essen products - Pune
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Ram Consumer Products - Pune
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Shri Ramkrishna Vidhyut Pharmacy - Pune
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Paragold Trading - Satara
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Tristar Industries - Ahmednagar
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Supreme Oil Products - Surat
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Ajjib Industries - Karnataka
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Marvel Trading Establishment - Kerala
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Shri Saptshringi Company - Nasik
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Chandradeep Automobiles - Dhule
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Kubera Agro Industries - Pandharpur
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Desai Products - Ratnagiri
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Sawarkar Foods - Ratnagiri
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Polygoan Adhesive Products
- Pune
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Adinath Food Industries – Pune
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India Food Products - Rajasthan
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Ashoka Tobacco Processing - Amalner
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Mauli Chuna - Sangamner
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Dhangekar Limes – Phaltan
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HRJ Surgicals - Thane
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Ghia Surgicals Private Limited - Thane
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Laxbro Bio Manufacturing Aids Private Limited, Pune
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Overseas Beverages Private Limited - Goa
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Ojas Industries Private Limited – Alwar - Rajasthan
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Rampur Distilleries – Rampur (Uttar Pradesh)
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Deejay Distilleries - Mumbai
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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.39.45 |
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UK Pound |
1 |
Rs.78.14 |
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Euro |
1 |
Rs.58.04 |
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 |
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 |
YES |
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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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