MIRA
INFORM REPORT
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Report Date : |
17.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
SAMRAJ AND COMPANY |
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Registered Office : |
60, 7th Street, Tatabad Coimbatore – 641012, 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 : |
1983 |
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Legal Form : |
Partnership concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Providers of Civil Engineers and Builders Services |
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 : |
Good |
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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 engaged in construction business. Mr. G Mounaswami of the concern parted require business details. Trade relations are fair. Payments are usually correct and as per
commitments. Partners are resourceful businessmen. The concern can be considered
good for normal business dealing at usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. G Mounaswami |
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Designation : |
Partner |
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Date : |
17.05.2008 |
LOCATIONS
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Registered Office : |
60, 7th Street, Tatabad Coimbatore – 641012, Tamil Nadu, India
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Tel. No.: |
91-422-2498727 / 24372844 |
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Mobile No.: |
91-9894601044 / 9894601144 |
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Fax No.: |
91-422-2498757 |
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E-Mail : |
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Website : |
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Corporate Offices: |
80, 7th Street, Tatabad Coimbatore – 641012, Tamil Nadu,
India |
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Tel. No.: |
91-422-2498727 |
PARTNERS
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Name : |
Mr. G Mounaswami |
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Designation : |
Partner |
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Qualification : |
BE, MIE |
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Name : |
Mr. R Raju |
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Designation : |
Partner |
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Qualification : |
BE, MIE FIV |
BUSINESS DETAILS
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Line of Business : |
Providers of Civil Engineers and Builders Services |
GENERAL
INFORMATION
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No. of Employees : |
10 |
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Bankers : |
ICICI Bank Limited, Tatabad, Coimbatore -641 012, Tamil Nadu, India |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
· Samraj Constructions Building Contractors 60-A, 7th Street, Tatabad,
Coimbatore – 641 012, Tamil Nadu, India |
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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500.000 |
LOCAL AGENCY
FURTHER INFORMATION
FURTHER DETAILS:
Concern Profile:
The concerns are Civil Engineers and Builders. They build residential multistoried,
commercial, educational, factory and industrial building .
Projects:
· M/s Jagannath Textiles Limited
Kaduvettipalayam, Coimbatore. Spinning
Mills, Dormitory, Staff Quarter, Expansion of Factory 710000 Sq.fts
· M/s Premier Mills Group
Singanallur,
Pollachi, Chinnapanuthu, Poolankinaru, Udumalpet, Weaving Unit, Ladies And
Gents Dormitory, Staff Quarter, Canteen And Amenities, Plant Room, Dormitory
Building 376280 Sq.fts
· M/s Precot Mills Limited
Puliakulam,
Coimbatore, Corporate office and Weaving Unit, 275000 Sq.fts
· M/s Sree Narashima Textile Limited
Sulur, Coimbatore,
Spinning mills, Cotton Godown 239300 Sq.fts
· P S G and College of art and Science
Coimbatore ,
Ladies Hostel , Mess and Administrative Blocks 218 240 Sq.fts
· Hindustan Group of Companies
N S N Palayam ,
Coimbatore , Spinning Unit A and B Factory building 218000 Sq.fts
· Premier instrument and Control Limited
Chinnamatham
Palayam
Periyanaicken
Palayam
Poochiyur, Coimbatore.
Factory Building, power house all development works Utility and Canteen
buildings 189780 Sq.fts
· GTN Enterprsies
Thungavi post
Udumalpet Taluk , Factory building , New Spinning Mills 160000 Sq.fts
· New Sahyadari Industries limited
SIPCOT Industrial
Estate, perundurai. Factory Building 132000 Sq.fts
· RVS Educational Trust
Sulur, Coimbatore
College Building
120000 Sq.fts
· Petal Shamrock Private limited
15 Velampalayam ,
Tirupur , Quarter and Garments
Manufacturing
units 180000 Sq.fts
· Gangotri Textiles Unit IV and VII and VIII
Palani and
Ponnandam Palayam
Factory Building
555000 Sq.fts
· Aswin Chandran
Coimbatore Delux
Residential
· G V Residency
Coimbatore Delux
Residential Bungalow 11000 Sq.fts
· Stanes Matriculation School
Coimbatore, Sports
Hall and Auditorium 20000 Sq.fts
· Annapoorna
Coimbatore Factory
and Office Buildings 22000 Sq.fts
· G Kuppusamy Naidu Memorial Hospitals
Coimbatore
Childrens wards
ICCU for
Cardiology 24000 Sq.fts
· Wisdom Exports
Naranapuram,
palladam Loom Shed and Ware House 26100 Sq.fts
· Coddissia
Coimbatore, part
of Intech Fair Complex 31200 Sq.fts
· Lakshmi Narashima Textiles Limited
Karadivavi
Coimbatore Spinning Unit Cotton Godown 37400 Sq.fts
· Mahaveer Spinning Mills
SIPCOT Industries
Estate, perundurai. Dyeing Unit and staff Quarters 42000 Sq.fts
· Vijaya Govinda Textiles Limited
Perundurai
Spinning and
Weaving Unit 52000 Sq.fts
· G D Charities and G D Group of companies
Coimbatore School
Building 70000 Sq.fts
· Inetermarket India Private Limited
SIPCOT Industrial Estate,
pwerundurai
Terry Towel
Factory, office Building and Ware House 79000 Sq.fts
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.64 |
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UK Pound |
1 |
Rs.83.00 |
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Euro |
1 |
Rs.66.00 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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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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46 |
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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