MIRA
INFORM REPORT
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Report Date : |
28.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
EVEREST ENGINEERING CORPORATION |
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Registered Office : |
91, SBI Officers Colony, Moosarambagh, Hyderabad – 500036, Andhra Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1997 |
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PAN No.: [Permanent
Account No.] |
AERPG2426H |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Elevator. |
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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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 having satisfactory track. Trade
relations are fair. Payments are usually correct and as per commitments.
Nothing adverse reported. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Gotham Sanjay |
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Designation : |
Proprietor |
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Date : |
23.07.2008 |
LOCATIONS
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Registered Office : |
91, SBI Officers Colony, Moosarambagh, Hyderabad – 500036, Andhra
Pradesh, India |
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Mobile No.: |
91-9866399535 / 9849663833 |
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Fax No.: |
91-40-65221389 |
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E-Mail : |
sanjayeverest@hotmail.com |
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Website : |
http://www.indiamart.com/everest |
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Area : |
1000 sq fts. |
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Location : |
Owned |
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Factory : |
16-11-16/2/1/80 Feet Road Testalgaar, Moosarambagh, Hyderabad – 500036,
Andhra Pradesh, India |
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Area : |
4000 sq fts. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Gotham Sanjay |
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Designation : |
Proprietor |
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Date of Birth/Age : |
37 years |
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Qualification : |
B. Tech MBA |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Elevator. |
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Products : |
v Passenger Lift v Capsule Lift v Hospital
Elevators v Goods Lift v Car Elevators v Collapsible Door v Imperforated
Door v Auto Door v Swing Door And
Wooden Cabin |
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Terms : |
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Selling : |
Cash / Credit (30 days) |
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Purchasing : |
Cash / Credit (30 days) |
GENERAL
INFORMATION
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Customers : |
v
End Users v
Builders v
Y. M. Hotels and Builders Private Limited.
Ramgopalpet,Secunderabad. v
Samani Constructions, Malakpet, Hyderabad v
Mr. Srinivas, Asoknagar, Hyderabad. v
Sigma hospitals, Jeedimetla, Hyderabad. v
Innova Hospitals, Taranaka v
Hero Honda Show Room, Chilakaluripet v
Puvada Hospitals, Narasaraopet v
Krishna Hospitals, M.J.Market, Hyderabad. v
Partha dental and Research Institute, Tirupathi v
Gandhi Hospitals, Hyderabad. v
Sai constructions, Nandyal. v
Dr. Sambasiva Rao, Tenali. v
Dr. Viswanatha Kumar, salipet, Kakinada. v
Mr. Naidu, Amalapuram. v
Dr. Siva Rama Krishna, Guntur |
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No. of Employees : |
96 (Office-82 and Factory-14) |
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Bankers : |
Axis Bank, Moosarambagh, Hyderabad – 500036, Andhra Pradesh, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Murti and Associates (Mr. Gangadhar) (Chartered Accountant) |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Available |
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Borrowed : |
Not Available |
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Total : |
Not Available |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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80.000 |
Expected Sales (2008-09) : Rs. 120.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance
Chart
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Existence Verification |
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Name |
Everest Engineering Corporation |
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Statutory Approvals |
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Legal Status of Firm |
Proprietory Firm |
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Income Tax Registration |
AERPG2426H |
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VAT/ TIN Registration |
28750180654 |
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Name of Bank |
Axis Bank |
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Current Account Number |
235010200004862 |
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Account Since |
4 years |
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Credibility Factors |
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IndiaMART Client Since |
2006 |
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Years of Establishment |
1997 |
Profile:-
Established in the year 1997, subject has set benchmarks in the
vertical transportation industry with its flawless and dependable range of
passenger, hospital, goods, service and car lifts. They are manufacturing and
offering excellent maintenance services to clients at competitive rates. The
wide assortment of their products includes Passenger Lift, Capsule Lift,
Hospital Elevators, Goods Lift, Car Elevators, Collapsible Door, Imperforated
Door, Auto Door, Swing Door and Wooden Cabin.
Started by Mr. G. Sanjay, who is a qualified B. Tech and MBA, they have grown
to be a name to reckon with in the industry. The secret behind reaching this
zenith point of success is attributed to their using state of art technology
that matches those of world leaders. Their engineering design is also par
excellence. They also make sure to use only the best quality of raw materials.
They are also noted for quality, performance and reliability, which have
triggered this meteoric rise of concern.
Trade
References:-
v
Caxpon Private Limited, Mr. Srinivasan, Hyderabad, India
v
Gandhi Medical College, Hyderabad, India
v
Sigma Hospital, Hyderabad, India
v
Heritage Printers, Hyderabad, India
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
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.23 |
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UK Pound |
1 |
Rs.83.88 |
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Euro |
1 |
Rs.66.41 |
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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