MIRA
INFORM REPORT
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Report Date : |
09.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
AMBIENCE INDUSTRIES |
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Registered Office : |
No. 56, 3rd Cross, Janapriya Layout, Nanapanahally Road,
Begur (off Hosur Road), Bangalore– 560 068 , Karnataka |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
2003 |
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PAN No.: [Permanent
Account No.] |
AAVPB1598D |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Refrigerated Display Units, Bend Glasses and Bakery
Display Cabinets. |
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 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 having
satisfactory track. 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 : |
No. 56, 3rd Cross, Janapriya Layout, Nanapanahally Road,
Begur (Off Hosur Road), Bangalore– 560 068 , Karnataka, India |
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Tel. No.: |
91-80-65672164 |
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Mobile No.: |
91-9448671495 / 9739400026 |
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Fax No.: |
91-80-25742071 |
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E-Mail : |
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Website : |
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Area : |
5000 Sq.fts |
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Location : |
Owned and Rented |
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Branches : |
7/421, A Veerolipadam, Manalithara P C , Trichur, Kerala, India |
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Tel. No.: |
91-4884
267934 / 481 2542877 /267994 / 934 |
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Mobile No.: |
91-9446336362
/ 9446921682 |
SOLE PROPRIETOR
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Name : |
Mr. Binny Philip |
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Designation : |
Proprietor |
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Date of Birth/Age : |
43 years |
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Qualification : |
B E |
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Experience : |
23 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Refrigerated Display Units, Bend Glasses and Bakery
Display Cabinets. |
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Products : |
· Bend Glass and Euro Model Display Cabinet · Pastry Coolers with refrigerated under counter · Double Glass · Vertical Display Counters · Gelato /Ice Cream Display Cabinets · Deep Freezers, · Under Counter and Chillers · Visi Coolers with door and Front open. · Revolving Cabinets · Water coolers · Ice Cream/ Salad Cabinets · Hot Cold / Neutrral Cabinets |
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Terms : |
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Selling : |
Credit (30 Days) |
GENERAL
INFORMATION
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Suppliers : |
· Fridge Home, Bangalore · Aircon Refrigeration , Bangalore · Riddi Sidddi Metals, Bangalore · K B Metals , Bangalore · Nutan Glass House, Bangalore |
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Customers : |
· Coffee Day Outlets, Country Wide · Barrista Coffee Company, Bangalore · Café Coffee Day · Balan Natural Foods, Bangalore · P K Hospitality , Mumbai · Spencers, Bangalore · Kantis Bangalore · Eat N Joy, Bangalore · Maria Bakery Bangalore · Forum Kehouse , Bangalore · kUnjoos Finefood, Kottayam, Kerala · Charles Akery , Irinjalakuda , Kerala · Himalaya Bakery, Alleppey, Kerala · Best Bakers, Kottarakara, Kerala |
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No. of Employees : |
30 |
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Bankers : |
South Indian Bank Limited, Christ College, Bangalore – 560 029, Karnataka,
India |
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Facilities : |
Rs. 1.000 million (approximately) |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. Cherian Philip Chartered Accountants |
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Associates/Subsidiaries : |
Ambiend Engineers, Trichur |
CAPITAL STRUCTURE
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Capital Investment : |
(approximately) |
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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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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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15.000 |
10.000 |
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Profit/Loss for the year |
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About 15% |
About 15% |
Average Value of inventories at any given time
Rs. 3.000 millions approximately.
LOCAL AGENCY FURTHER
INFORMATION
OTHER
INFORMATION:-
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PARAMETER |
DETAIL |
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Existence
Verification |
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Name |
AMBIENCE INDUSTRIES |
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Address |
56, 3rd Cross, Janapriya Layout, Begur, Bangalore – 560 068,
Karnataka, India |
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Phone : |
91-80-65672164 |
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Mobile No.: |
91-9448671495 |
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Fax numbers |
91-80-25742071 |
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Electricity Bill |
BGP 2250 |
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Statutory
Approval |
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Legal Status of firm |
Proprietory |
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Central Sales Tax Registration |
18015222 |
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State Sales Tax Registration |
18066770 Dated
26.02.2004 |
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VAT / TIN Registration |
29020219124 |
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Name of Bank |
South Indian Bank Limited |
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Current Account Number |
0396083000000003 |
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Account Since |
About 2 years |
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Credibility
Factors |
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India Mart Client Since |
Since 1 years |
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Years of Establishment |
2003 |
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Trade
Affiliations |
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SSI Registration |
080-01-AO-05699 PMT/ TINY
Dated 15.11.2006 |
WEBSITES DETAILS:
The concern is the manufacturer of the finest custom
built display cabinets / showcases.
Their range of services include display cabinets, interior refurbishments, and
supply of Architectural Bend Glass.
The main advantage of the concern display cabinets is its mobility and lighting inside. The concern cabinets will
provide proper lighting for effective display of the products.
The concern Cabinets are
available in three models namely Refrigerated, Hot and Neutral.
The concern cabinets are designed,
and fabricated in style using 304
grade stainless steel for base
and frames and annealed bend glass for the frontal side and toughened glasses for sides, shelves and doors.
The application of the concern cabinets
are ranging from storage of Bakery products, Pastries, ice creams, salads, Confectionary, Fish and
meat items etc..
The concern cabinets are
available in standard dimensions as well as in customer specifications. The
available models are standalone, inline, tabletop, corners, revolving etc..
The concern cabinets will
compete with other leading brands in finish but is more economical when compare
with them.
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
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Indian Rupees |
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US Dollar |
1 |
Rs.41.79 |
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UK Pound |
1 |
Rs.81.60 |
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Euro |
1 |
Rs.64.01 |
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 |
NO |
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--AFFILIATION |
YES/NO |
YES |
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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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