MIRA
INFORM REPORT
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Report Date : |
02.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
ADROIT POWER CORPORATION |
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Registered Office : |
A /10-A, Saravana Nagar, Edayampalayam Post Coimbatore – 641 025,
Tamil Nadu |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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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 of Stabilizers both Air Cooled and Oil Cooled online
UPS |
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 80000 |
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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. 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 : |
A /10-A, Saravana Nagar, Edayampalayam Post Coimbatore – 641 025,
Tamil Nadu, India |
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Tel. No.: |
91-422-6581 000 / 240 2151 / 2431913 |
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Mobile No.: |
91-98940 18778 |
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Fax No.: |
91-422-2402151 |
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Website : |
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Factory : |
S F No. 343 and 344, Periyanna Nagar, Luna Nagar, Edayarpalayam,
Coimbatore – 641 025, Tamil Nadu, India |
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Tel. No.: |
91-422-2402151 |
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Mobile No.: |
91-9894018778 |
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Fax No.: |
91-422-2402151 / 6581000 |
SOLE PROPRIETOR
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Name : |
Mrs. Vimala Shantha Kumar |
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Designation : |
Proprietor |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Stabilizers both Air Cooled and Oil Cooled online
UPS |
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Products : |
Stabilizers Servo Air Cooled and Oil Cooled as follows: · Servo Stabilizers – single Phase Air Cooled · Servo Stabilizers-Three Phase Air Cooled · Servo Stabilizers-Three Phase Oil Cooled Their technical
knowledge and sophisticated technology has allowed them to develop and offer
a range of UPS that covers range between 15 KVA to 3200 KVA. They also offer
a range of transformers that ensure the smooth as well as uninterrupted
supply of power to various industries. Their other
products are: · One Line UPS Computer · Energy Saver Lighting · Online UPS Machinery · Inverters /Domestic UPS · Imported UPS · Sizing Application (15KVA to 30 KVA) · Imported UPS – OE Application (20 KVA to 3200 KVA) · Isolation Transformers · Automatic Power Factor Controller · Constant Voltage Transformer |
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Imports : |
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Products : |
With Delta Electronics Inc, USA |
GENERAL
INFORMATION
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Customers : |
· ITC - Chennai , Pricol · Entyce , Centwin · Elgi Electric , S.P. Apparels · SUN TV , Asianet TV · KG Denim , CRYSTAL · Suguna Pumps , ABT · Gangothri Textiles , SCM Textiles (Chennai Silks) · Sharadha Terry , Harshini Textiles · Sabaree International , Heritage Inn |
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No. of Employees : |
25 |
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Bankers : |
State Bank of Tranvancore , RS Puram, Coimbatore, Tamil Nadu, India |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 20.000 millions |
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Borrowed : |
---- |
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Total : |
Rs.20.000 millions |
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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40.000 per annum |
LOCAL AGENCY
FURTHER INFORMATION
OTHER
INFORMATION:-
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PARAMETER |
DETAIL |
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Existence
Verification |
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Name |
Adroit Power Conversion |
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Address |
1/10- A, Saravana Nagar, Edayampalayam Post , Coimbatore – 641 025 |
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2nd Address |
S F No. 343 and 344, Periyanna Nagar , Luna Nagar, Edayarpalayam,
Coimbatore – 641 025 |
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Phone / Mobile Numbers |
91-422-6581 000 / 240 2151 / 98940 18778 |
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Fax numbers |
91-422-240 2151 |
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Statutory
Approval |
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Legal Status of firm |
Proprietorship |
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Income Tax Registration |
ACVPV 7530 M |
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Central Sales Tax Registration |
688525 |
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Service Tax registration |
CNBV04767 A |
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TIN Registration |
33466202455 |
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Import Export Code |
3207023720 |
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Name of Bank |
State Bank of Tranvancore, RS Puram Branch, Coimbatore |
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Credibility
Factors |
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India Mart Client Since |
Since one year |
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Years of Establishment |
1994 |
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Trade
Affiliations |
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SSI Registration |
YES |
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Export Promotion Council |
NO |
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Chambers of commerce Membership |
NO |
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D & B D-U-N-S Number |
NO |
WEBSITE DETAILS:
The concern was commenced in the year 1994, they are a well established
manufacturer and supplier of premium quality air cooled and oil cooled servo
stabilizers and online UPS. Started by
Mr. J. Shantha Kumar, their founder, they have been supplying highly efficient
and less power consuming products to their clients in the domestic and
industrial sector. Mr. Shantha Kumar is an Electrical Engineer who holds experience of more than 20 years in
the industry of power conditioning equipments.
An ISO 9001:2000 certified firm,
they supply stabilizers and UPS that are of high quality and ensure better
output to their clients. Growing their business at a fast pace, They
have established a MOU with world's leading switching power supplier “Delta
Electronics, Inc.” who are also a major source for power management,
components, visual displays, industrial automation, and networking products. This tie up has helped them supply Delta
brand UPS in India, upto 3200 KVA
Product Range
Providing accurate
output voltage and consuming lesser electricity, their range of stabilizers are
offered in both single phase and three phases. From air cooled
and oil cooled type, their range includes:
· Servo Stabilizers-Single Phase Air Cooled
· Servo Stabilizers-Three Phase Air Cooled
· Servo Stabilizers-Three Phase Oil Cooled
Leveraging on their technical
knowledge and awareness about the sophisticated technology, they also design,
develop and offer a range of UPS that covers range between 15 KVA to 3200 KVA.
They also offer a range of transformers that ensure the smooth as well as
uninterrupted supply of power in various industries. Their other products are: Online
UPS computer, Energy saver- lighting, Online UPS - machinery, Inverters/
Domestic UPS, Imported UPS- Sizing application (15 KVA To 30 KVA), Imported UPS
- OE application (20 KVA To 3200 KVA), Isolation transformers, Automatic power
factor controller, Constant voltage transformer.
Quality
Their ISO 9001:2000
certification is a testimony of their penchant for innovation and superior
quality. They maintain a stringent quality check at their manufacturing unit
that comprises of checking of raw materials, monitoring the production process,
ensuring the usage of upgraded technology, proper placement of the various
components and final testing of the finished products.
They ensure that all the raw materials are procured from reliable vendors. All
the products manufactured at their unit are precision made and can also be
customized as per the clients specifications. Some of the different test
conducted to put forth a superior quality products are:
· No load current test (for transformers and variacs)
· Random test for electronic components and switches
· Accuracy test
· Power consumption test
Infrastructure
Their ISO 9001:2000 certification
is a testimony of their penchant for innovation and superior quality. They
maintain a stringent quality check at their manufacturing unit that comprises
of checking of raw materials, monitoring the production process, ensuring the
usage of upgraded technology, proper placement of the various components and
final testing of the finished products.
Designing Section
Installed with
sophisticated technology and advanced equipment, they regularly design and
develop a wide assortment of stabilizers, UPS and transformers. They have a
designing department that is fitted with the latest CAD/CAM softwares that help
in innovating new products. Their team of designers and expert technocrats
sketch the different new models incorporating the sophisticated technology.
Team of Experts
Empowered with years
of experience and practical knowledge about the products, their team members
are the backbone of their concern. Working 24 x 7, they leave no loopholes to
deliver the best in the industry. Satisfying a wide base of clients, their pool
of professionals understand the needs of the industry and accordingly design
and develop products that find their application in various industries and also
in domestic purposes.
Their team is backed by a competent management that constantly guides and
supports them in their endeavors to match the international standards. Their
team of technocrats are highly qualified and experienced personnels who have
the complete technical know how about the UPS, stabilizers, transformers and
other products. They also have a team of software engineers and hardware
engineers who help in the designing, developing and installation of the
products.
Products:
· Servo Stabilizers - Single Phase Air Cooled Energy Saver Lighting
· Servo Stabilizers - Three Phase Oil Cooled Online UPS Computer
· Online UPS Machinery Invertors / Domestic UPS
· UPS - 20KVA to 3200KVA Constant Voltage Transformer
· Automatic Power Factor Controller
Power Control Equipments
They are leading manufacturer of Stabilizers, UPS, Transformers etc.
These products pass through the stringent quality measures and provided with
the best quality output. Their range includes:
Servo Stabilizers - Single Phase Air Cooled
They manufacture a range of single phase air cooled servo stabilizers
that offer higher efficiency and are long lasting in nature. Made by their
experts technocrats, these stabilizers are offered in the following
specifications:
Servo Stabilizers - Three Phase Oil Cooled
Their range of three phase oil cooled type servo stabilizers are offered
in a variety of input voltage range. These stabilizers yield higher efficiency
and come in different technical specifications like:
Their lighting energy savers are available in a capacity of 3 KVA to 300
KVA. Fabricated from superior quality raw materials by their experienced
professionals, these products are able to save energy upto 15-30%. These
products come with analog/ digital/ LCD/ meters, low and high voltage cutoff /
over load protection, auto/Manual Setting for output Voltage Correction. These
energy savers come with plug-in-type electronic board for fast service and
MCB/MCCB protection for higher capacities. They offer these products in one
year total replacement guarantee.
They, at the concern Transformers also design and develop a range of
isolation transformers that are made from high quality raw materials. Robust,
durable and reliable, these transformers find their application in different
industries. The different features of these transformers are:
They bring for their clients a range of online UPS for computers. These
UPS are specially designed and developed by their engineers who have years of experience
in this industry. Available in a range of 1 PH Input / 1 PH Output and 3 PH
Input / 1 PH Output, these online UPS are offered in the following
specifications:
They at the concern manufacture a high quality Online UPS Machinery.
These are manufactured under the supervision of experts. Some of the features
of this product are:
They are also authorised power solution provider of "DELTA"
UPS a MNC concern which manufacture ups 1KVA to 3200KVA
Features and Benefits:
· Microprocessor Controlled
· Input Power Factor Correction
· High AC to AC Efficiency
· Widest Input Voltage Range
· Lighting and Surge Protection
· Alarms and Indications
· Programmable Front Panel Interface
· Smart Economy Mode
· Dual Feed Input
· Remote Emergency Power Off
· Extended Battery
· UPS Entry Network
· SNMP Management Capability
Typical Applications:
· Embroidery
· Knitting
· Sizing
· Critical Servers and Storage
· LAN, WAN and Network Devices
· Telecommunication Units
· Small and Medium Data Centers
· Media and Broadcasting Equipments
· Engineering Network Servers
· Process Automation and Control Equipment
They are also authorised power solution provider of "DELTA"
UPS a MNC concern which manufacture ups 1KVA to 3200KVA
Snapshot:
· Parallel Redundancy ( up to 8 units ) to maximize reliability and flexibility
· Smallest overall size and footprints to save floor space
· Modular design for easy maintenance
· Multi- CPU digital control to minimize electronic components
· Intelligent multi-speed cooling fan control
· Built-in SRAM that stores up to 500 historical records and event logs
· Multi- Language and user friendly graphic LCD screen
· Programmable status dry contact and RS232 and RS485 communication ports
· 100% unbalanced load suitability
· Intelligent charger design to prolong battery lifetime
· Local and remote Emergency power off (EPO) function
· Common battery and Hot-Standby configuration
· Structure H-Class Galvanic Isolation Design
· Manual and Schedule battery test function
· Remote Monitoring Syst
Typical Application:
· OE Spinning
· Imported looms
· Healthcare equipments
· Financial applications where high-availability is imperative
· Commercial processing systems
· Industrial Automation
· Broadcasting and Telecommunications Systems
· Voice over IP
· Data Canters
· Engineering network servers
· Process automation and control equipment
DELTA UPS Range:
They offer a wide range of inverters or domestic UPS in the following
technical specifications
Technical Spacifications:
· Input Voltage : 230 V/ 50 Hz + 15%
· Output Voltage : 230 V, AC Single Phase + 5%
· Frequency : 50 Hz (+0.01%)
· Battery Voltage : Depending upon system rating
· Efficiency : 95% ON FULL LOAD
· Technology : PWM with MOSFET / IGBT based
Applications:
· Bulbs
· Tube Lights
· Fans
· TV's
· Mixies
Features:
· Self Restart on Overload
· 50% Extra loading Capacity
· Battery Over Charge Cut-off
· Battery Low Charge Cut-off
· Battery Reverse Polarity Protection
· Output short circuit protection
· MCB protection for Main supply
· Indicators showing present conditions
· Heat Sink to ensure proper heat dissipation
· Fan Cooling
· Powder coated Cabinet
Automatic Power Factor
Controller
Their range of automatic power factor controllers are manufactured using
advanced technology and latest machines. These controllers are given dual color
powder coated finish. Their engineers have used heavy duty contactors for
capacitors and Siemens EPCOS advanced capacitors. These capacitors also come
with MCCB/ fuse switch control for the incoming protection and MCB/ fuse switch
for individual capacitor over load and short circuit protection. Their range of
automatic power factor controllers also come with Siemens EPCOS micro processor
controller that are used in auto sensing programmable type. These controllers
also helps in faster operation and ensures trouble free performance.
They put forth a range of constant voltage transformers that are highly
efficient. In these transformers, there are no semi conductors or moving parts that
makes them highly reliable. These transformers have short term over load
capability and higher input voltage control range for loads less than rated
load. Precision made, these transformers come with very high line rejections
capability and excellent input to output isolation characteristics. The other
features includes intrinsic current limiting short circuit protection, output
voltage corrections within ½ cle (10 m secs ) from no load to full load for
specified load and line variation, energy shortage for line loss up to 3(m secs
) at typical loads.
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 concern 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 concern’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 |
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US Dollar |
1 |
Rs.40.46 |
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UK Pound |
1 |
Rs.79.50 |
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Euro |
1 |
Rs.63.09 |
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 |
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 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 |
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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 |
|
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 |
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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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