MIRA
INFORM REPORT
|
Report Date : |
29.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
FLY BAN INDUSTRIES |
|
|
|
|
Registered Office : |
Amol Heights, B-12 South Main Road, Koregaon Park, Pune – 411001,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2008 |
|
|
|
|
Year of Establishment : |
1990 |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AKGPM3110P |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business : |
Manufacturer of Pest Control Equipments. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Small Concern |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small and unknown concern. It is to be noted that subject
is not a Private Limited Company however it carries out words Private Limited
along with the name. Trade relations are fair. Payments are reported as
correct and as per commitments. The concern can be considered for small business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
|
Name : |
Mr. V. M. Meghani |
|
Designation : |
Husband of Proprietor |
|
Date : |
28.07.2008 |
LOCATIONS
|
Registered Office : |
Amol Heights, B-12 South Main Road, Koregaon Park, Pune – 411001,
Maharashtra, India |
|
Tel. No.: |
91-20-26131248 / 32911691 / 24432221 |
|
Mobile No.: |
91-9371231248 / 9370032824 |
|
Fax No.: |
91-20-30911691 |
|
E-Mail : |
flyban@rediffmail.com |
|
Website : |
http://www.indiamart.com/flyban |
|
Area : |
1800 sq ft |
|
Location : |
Owned |
|
|
|
|
Factory : |
620, Bhudwar Chowk, 1st Floor, Mall Laxmi Niwas, Pune –
411002, India |
SOLE PROPRIETOR
|
Name : |
Mrs. Priyanka V. Meghani |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
36 years |
|
Qualification : |
Graduate |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pest Control Equipments. |
|
|
|
|
Products : |
v
Ultrasonic
Rodent Control Rodo-Ban v
Industrial
Insect Control System v
Economical
Insect Control System |
|
|
|
|
Terms : |
|
|
Selling : |
Cash |
|
|
|
|
Purchasing : |
Cash |
GENERAL INFORMATION
|
Customers : |
Manufacturer |
|
|
|
|
No. of Employees : |
8 (Office-4 and Factory-4) |
|
|
|
|
Bankers : |
Bank of Maharashtra, Bajarang Road |
|
|
|
|
Facilities : |
The concern do not enjoy facility from its bankers. |
|
Banking Relations
: |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. Dhavne (Chartered Accountant) |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Available |
|
Borrowed : |
Not Available |
|
Total : |
Not Available |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
|
31.03.2008 |
|
Sales Turnover |
|
|
1.500 |
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance
Chart
|
Existence Verification |
|
|
Name |
FLY BAN INDUSTRIES (INDIA) PRIVATE LIMITED |
|
|
|
|
Statutory Approvals |
|
|
Income Tax Registration |
AKGPM3110P |
|
VAT/ TIN Registration |
27710521563V |
|
Import Export Code |
3107006424 |
|
Name of Bank |
Bank of Maharashtra, Bajarang Road |
|
Current Account Number |
20097714559 |
|
Account Since |
5 years |
|
|
|
|
Credibility Factors |
|
|
IndiaMART Client Since |
3 years |
|
|
|
|
Trade Affiliations |
|
|
SSI Registration |
11/19/54377 |
|
|
|
|
Standards & Certifications |
|
|
Quality Management Systems |
ISO Certificate No – 9910002136 25.12.2009 |
Profile:-
Incepted in 1990 and ISO 9001:2000 certified, concern are
leaders in manufacturing and exporting in the field of Pest Control Equipments.
Located in the beautiful city of Pune (Maharashtra), they are registered and
patented to provide 100% disease free and insect free environment. Quality
service is at the heart of their approach to working with their customers,
which is based on the quality and commitment of their staff. They believe in
exceeding expectations and are committed to delivering more than what is
required of them, with distinction.
All their Technicians are highly Qualified in their field of Expertise and have
years of experience in this field. The Management of “Fly-Ban” team is highly
enthusiastic and is equipped with the latest ultra modern equipment to give the
customers the most superior and quality product. They continue to find ways to
better serve their customers and contribute to the professional and personal
development of every individual at their concern
Trade References:-
v Reliance Industries
v Bharat Forging
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.42.30 |
|
UK Pound |
1 |
Rs.84.03 |
|
Euro |
1 |
Rs.66.42 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
29 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|