MIRA
INFORM REPORT
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Report Date : |
19.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
SINE TECHNOLOGIES |
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Registered Office : |
208/5, Trinity Church Street, Golden Grorge Nagar, Koyambedu, Chennai
600107, Tamilnadu |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2004 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHES27410F |
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PAN No.: [Permanent
Account No.] |
AAZFS9530L |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Trader and Importer of equipment for all types of engineering
solutions |
RATING &
COMMENTS
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MIRAs 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 40000 |
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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. Partners are
reported as experienced and respectable businessmen. Trade relations are
reported as 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 : |
208/5, Trinity Church Street, Golden Grorge Nagar, Koyambedu, Chennai
600107, Tamilnadu, India |
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Tel. No.: |
91-44-26544450 |
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Mobile No.: |
91-9444410449 |
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Fax No.: |
91-44-42039083 |
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E-Mail : |
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Website : |
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Branches : |
Bangalore : Alif Arcade, No.19, 7th Main Road, Koramangala, 1st
Block, Bangalore 560034 Tel No.: 91-80-9341287990/51217137/255-26961 Fax No.: 25504054 Email: sineblr@sine-tek.com Delhi : 99, 1st Floor, Harinagar Ashram, New Delhi 110014 Tel No.: 91-11-26347393 Fax No.: 91-11-26349770 Email: sinedel@sine-tek.com Secunderabad : 123, 1st Floor, Main Block, Chenoy trade center, Park lane,
Secunderabad 500003 Tel No.: 91-40-27818386/27898403 Fax No.: 91-11-26349770 Email: sinehyd@sine-tek.com |
PARTNERS
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Name : |
Mr. George Thomas |
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Designation : |
Partner |
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Address : |
Sneham Apartments, 6A Park Street, Padi P O, Chennai - 600050 |
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Name : |
Mrs. Annamma George |
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Designation : |
Partner |
BUSINESS DETAILS
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Line of Business : |
Trader and Importer of equipment for all types of engineering solutions
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Imports : |
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Products : |
All testing equipments |
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Countries : |
·
France ·
Germany ·
Korea ·
Malaysia ·
Netherlands ·
USA ·
Sweden |
GENERAL
INFORMATION
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No. of Employees : |
4 |
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Bankers : |
State Bank of India Ambattur Branch, Pabi, Ambattur |
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Facilities : |
- |
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Banking
Relations : |
Satisfactory |
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Auditors : |
Not Available |
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Associates/Subsidiaries : |
- |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.10.000 Millions |
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Borrowed : |
- |
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Total : |
Rs.10.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
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Sales Turnover |
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30.000 |
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LOCAL AGENCY
FURTHER INFORMATION
Profile :
This is a partnership firm started three year
ago to import equipment for engineering solutions. Mr. George Thomas who is an
engineer and who specializes in these equipments started this firm along with
Mrs. Annama George. (The partnership is within the family). They have dealings
with almost all big names in Europe and the USA from where they import
different types of machines and equipment for any type of engineering
solutions. They specialize in testing equipment for almost all types of industry
like the automotive industry, the manufacturing sector, the chemicals
industries, the electronic industry, the manufacturing sector of the microelectronic chips and
other components etc. All of their imports are as per orders and the clients
requirements. They have a partnership with Ms Captronic Systems Private
Limited, of Bangalore. Captronic Systems Private Limited specializes in the
design and development of custom automated test, control and acquisition
systems for R and D, design validation and production testing.
The companies that Subject deals in are :
- Captronic Systems Private Limited Alif Arcade, No.19, 7th Main
Road, Koramangala, 1st Block, Bangalore 560034- They deal in all
types of testing equipment. Vibration analyzer, Strain soft, PCM
Commutotor, Sequence of events logger, Multi channel FRA, Portable Data
acquisition Systems, Single Channel FRA, Data Logger
- Aehr Test
Systems, 400 Kato Terrace, Freemont California 94539, USA Memory test
systems, Burn in and Test Systems.
- B and W Engg.
Corporation, 3303 Harbor Boulevard, Costa Mesa, California 92626, USA
Noise detection systems, Mechanical shock systems, Digital Sine Random
Stock Vibration Controllers etc.
- Bouch Lans,
621 Via Alondra, 604 Camarillo, California 93072, USA Comparison
accelerometers, Calibration systems, Charge and Power amplifiers, high
sensitivity Piezoelectric accelerometers and accessories.
- Crest
Ultrosonics, Penang, Malaysia Aqueous or semi aqueous ultrasonic
precision cleaning systems designed to clean a wide variety of industrial
components at sub minus levels, applications including micro electronics,
table top cleaners.
- Eliezer, Boz
Dongil Art Museum, 60217 Hoigi-Dong, Seoul, Korea Accelerometers,
velocity sensors, high power filers etc.
- Delta Design,
12367 Crosthwaite, Po way, California 92064, USA IC test.
- FAG Flush
measuring systems, FAG bearing analyzer III, FAG laser based shaft
aligment systems
- G S Sensors
Miniature Pressure transducers, load cells, accelerometers
- IWT industry,
Weinstraze 39, Deuschland Foil CNC winding machines for air coils, audio
coils, optical fibers, antennae winding etc.
- Microstrain, 310
Hurricance Lane, Suite 4, Williston, Vermont 05495, USA transducers,
Wireless sensors, Wireless telemetry systems.
- Magnet Physik
Dr Steingrover GMBH Magnetizer, Demagnetizer, Flux meters, Measurement
of hard and soft magnetic materials, hall probs and generators.
- Modia GMBH
Torque Speed Measurement systems
- Nexans, 16
Rue Monceaux 75008, Paris, France Winding Wires, Enamels, resins,
varnish and insulators for applications in space aerospace, defense and
marine.
- Perani S.R.L,
Carmacno, Milano, Italy Thermostatic and climatic chambers, Walk in
chambers, industrial ovens, dust tight test chambers, chest freezers
- Pycon
Incorporated, 3301 leonard court, Santa Clara, California 95054
electronic manufacturing services, burn in boards, test load boards
- SCS Control
Systems, Via Gandhi 13, Avigliana, Italy Engineering Solutions for
testing, modifications, evaluations, S and V Measurement Systems,
Verification and calibration systems, on line productivity control and
quality assurance systems.
- Titanium
Industries Inc, 18 Green Point Road, Pockaway, NJ, USA titanium for
industrial aerospace, medical and specialty markets.
- Trig Tek Inc,
11458 Knoff Avenue, Garden Grove, California, USA Strain, ICP, PE
Conditioning amplifiers, Acoustic and piezoelectric simulators, Strain
gauges, amplifiers, ratio generators, acoustic calibrators
- Texas
Technologies Moisture barrier bags, Desiccants, Humidity Indicators,
sealers and vaccum sealers, Semi conductor jars.
- Vibrationsteknik
AB, Link Oping, Sweden Hand held vibration meters, condition monitoring
balancing instruments and stroboscopes
- Nuova Osar,
Via E De Amicis, Rozzano, Italy Vaccum Ovens
- Antares
Advanced Test Technologies, 2102 W Quail avenue, Phoenix, Arizona Burn
in test sockets.
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 Intl
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 companys 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.39.27 |
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UK Pound |
1 |
Rs.77.33 |
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Euro |
1 |
Rs.57.51 |
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 |
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 SCs 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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