MIRA
INFORM REPORT
|
Report Date : |
20.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SHALIN MATERIAL HANDLING PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Plot No. 49, Sector 18, Chhatrapati Shivaji
Park, Pradhikaran, Chikhali Road, Chinchwad, Pune – 411019, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Date of Incorporation : |
07.09.2007 |
|
|
|
|
Com. Reg. No.: |
11-130661 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U29150PN2007PTC130661 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture,
Export and Import of Chain Clocks, Material Handling equipment, Pallet Trucks
as well as hydrocic stacker and Electric hoist and Listing Equipments and
Polister Belts. |
RATING &
COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Undetermined |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company and yet to establish track. No payment
records are available. No banking relations are known. Initially, the company
can be considered for any business dealings on safe and secured trade terms
and conditions. |
INFORMATION DECLINED
BY
|
Name : |
Mr. Nakate |
|
Designation : |
Director |
|
Contact No.: |
91-9371008857 |
|
Date : |
05.05.2008 |
LOCATIONS
|
Registered Office : |
Plot No. 49, Sector 18, Chhatrapati Shivaji
Park, Pradhikaran, Chikhali Road, Chinchwad, Pune – 411019, Maharashtra,
India |
|
Tel. No.: |
91- 20-27491637/ 27491638/ 32543304 |
|
Mobile No.: |
91- 9371117224/ 93710 08857 |
|
Fax No.: |
91- 20-27491637/ 27491638/ 32543304 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 sq. ft. |
|
Locations : |
Owned |
|
|
|
|
Factory : |
· Uttam Nagar, Pune, Maharashtra, India · Chikhali, Pune, Maharashtra, India |
DIRECTORS
|
Name : |
Mr. Ramprabhu Virappa Nakate |
|
Designation : |
Director |
|
Address : |
Plot No. 49, Sector No. 18. Chhatrapati Shivaji Park, Pradhikaran,
Chinchwad, Pune – 411 019, Maharashtra, India |
|
|
|
|
Name : |
Mrs. Shalini Virappa Nakate |
|
Designation : |
Director |
|
Address : |
Plot No. 49, Sector No. 18. Chhatrapati Shivaji Park, Pradhikaran,
Chinchwad, Pune – 411 019, Maharashtra, India |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Mr. Ramprabhu Virappa Nakate |
|
500 |
|
Mrs. Shalini Virappa Nakate |
|
500 |
|
|
|
|
|
Total |
|
1000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture, Export
and Import of Chain Clocks, Material Handling equipment, Pallet Trucks as
well as hydrocic stacker and Electric hoist and Listing Equipments and
Polister Belts. |
|
|
|
|
Products : |
· Wire Rope Hoist · Chain Electric Hoist · Forged Eye Hook · Wire Rope Sheave Pulley Block · Forged Eye Bolt · Triple Spur Gear hand Hoist · Forged Wire Rope Clamp · Electric Winch · Hydraulic Jack · Forged Turn Buckle Plate Lifting Clamps · Polyester Slings · Travelling Trolley · Floor Mounted Crab Winch · Four leg with Oblong/ O Ring and Hooks · Bow Shackles · Wire Rope Slings · Wall
Mounted Hand Winch |
GENERAL
INFORMATION
|
No. of Employees : |
About 35 |
|
|
|
|
Bankers : |
Not Available |
|
Banking
Relations : |
-- |
|
|
|
|
Memberships : |
S.S.I., N.S.I.C., ISO 9001:2000 certification |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
Not Available |
|
|
|
|
|
|
|
FINANCIAL DATA
[all figures are in Rupees Millions]
No financials are available as the subject is a new company.
LOCAL AGENCY FURTHER
INFORMATION
As Per Web:
Established in the year 1997, Shalin Industries is nearly going to complete a decade in its manufacture, export and import of Usha Martin Steel Wire Ropes and Wire Rope Slings, D-Scale, U-Clamp, Chain Pulley Block Turn Buckles, Ring and Hook and other Lifting Equipments. Subject ISO 9001:2000 certified company has brushed its shoulders with luck in a substantial degree. The consistent belief in corporate values and work on ethical business principles has outweighed sales volume crossing the figures of 3.570 million in US dollars consequently with 33% of export. The country has only improved export market share centered around Sri Lanka, Bangladesh, Canada, Kenya, South Africa and U.K. Being noticed for immense pool of potential, they have also received perks as membership of S.S.I and N.S.I.C.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.64 |
|
UK Pound |
1 |
Rs.83.00 |
|
Euro |
1 |
Rs.66.00 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
1 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
- |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
- |
|
--LEVERAGE |
1~10 |
- |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
NO |
|
TOTAL |
|
4 |
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 |
|