MIRA
INFORM REPORT
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Report Date : |
23.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
PERFECT ENGINEERS |
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Registered Office : |
37, Thottipalayam Road, Chinniampalayam
Post, Coimbatore – 641 062, Tamilnadu |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Year of Establishment : |
1977 |
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IEC No.: |
3298024511 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CMBP04858A |
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PAN No.: [Permanent
Account No.] |
AAIFP9667J |
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Legal Form : |
Partnership Concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturers, Exporter, Importer and Distributors of all types of
Water Pumps |
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 200000 |
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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. Partners are reported
as experienced and respectable businessmen. Trade relations are fair.
Business is active. Payments are usually correct and as per commitments. The concern can
be considered normal for business dealings at usual trade terms and
conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Kumara Murugesan |
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Designation : |
Marketing Manager |
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Name : |
Mr. Balasubramanian |
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Designation : |
Accounts Manager |
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Date : |
23.05.2008 |
LOCATIONS
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Registered Office/ Factory : |
37, Thottipalayam Road, Chinniampalayam
Post, Coimbatore – 641 062, Tamilnadu |
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Tel. No.: |
91-422-2627859 / 2627959 |
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Fax No.: |
91-422-2627919 |
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E-Mail : |
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Website : |
PARTNERS
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Name : |
Mr. C R Dharani |
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Designation : |
Partner |
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Date of Birth/Age : |
28 Years |
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Name : |
Mr. R R Ranghanathan |
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Designation : |
Managing Partner |
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Date of Birth/Age : |
59 Years |
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Name : |
Mrs. R Vasnathamani |
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Designation : |
Partner |
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Date of Birth/Age : |
55 Years |
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Name : |
Mr. R R Vidyadharan |
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Designation : |
Partner |
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Date of Birth/Age : |
26 Years |
KEY EXECUTIVES
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Name : |
Mr. Kumara Murugesan |
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Designation : |
Marketing Manager |
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Name : |
Mr. Balasubramanian |
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Designation : |
Accounts Manager |
BUSINESS DETAILS
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Line of Business : |
Manufacturers, Exporter, Importer and Distributors of all types of
Water Pumps |
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Products : |
§
Self
Priming Shallow Well Jet Pump §
4"
Borewell Submersible Pump §
8"
Vertical Openwell Submersible Pump §
12"
Vertical Openwell Submersible Pump |
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Brand Names : |
'PARANAA' |
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Exports : |
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Products : |
Pumps |
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Countries : |
USA, UK, Middle East, East Asia |
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Imports : |
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Products : |
Machineries |
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Countries : |
Korea, Taiwan, Germany |
GENERAL
INFORMATION
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No. of Employees : |
Around 100 |
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Bankers : |
Central Bank of India, Coimbatore, Tamilnadu, India |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 50.000 millions |
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Borrowed : |
Nil |
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Total : |
Rs. 50.000 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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440.100 |
100.000 |
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LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL
ACCEPTANCE CHART
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Parameters |
Details |
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Statutory
Approvals |
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Central Tax Registration |
627035 (dated 16.04.1975) |
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State Sales Tax Registration |
33382120060 |
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Service Tax registration Number |
AABFF6361JST001 |
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Vat/ TIN Registration |
33382120060 |
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Excise Registration |
AABFF6361JXM001 |
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Name of Bank |
Central Bank of India |
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Current Account Number |
339 |
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Account Since |
Since 1975 |
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Employee PF Registration Number |
TH/CBE/25877 |
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Company ESI Registration Number
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56-24707-61 |
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Credibility
Factors |
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IndiaMart Client Since |
Around 3 Years |
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Trade
Affiliations |
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SSI Registration |
Yes 331201928 dated 22.03.1977 |
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Export Promotion Council |
Yes – EPC/ REG(R)/GEN/SSI/607 |
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Chambers of Commerce Membership |
No |
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Government Recognized Export House Status |
No |
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Standards and
Certifications |
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Quality Management Systems |
ISO 9001:2000 |
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Environment Management Systems |
In Process |
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Safety Certificates |
Yes |
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Product Certificates |
Yes |
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Other Certificates |
Pollution Control Certificate for Air and Water |
AS PER WEB:
Profile
Subject has been an instrumental presence in various fields like sub contracting
to textile machinery manufacturing to the pump industry for more than 30 years.
The state of the art manufacturing facility coupled with good design and
technical teams enable Subject manufacture Domestic, Centrifugal and
Submersible pumps.
Subject guarantees high quality, reliable and cost-effective pumping
systems that maximize the pumping efficiency. The compact and customised
models, dependable service and customers across the country have earned Perfect
Engineers a reputation for unsurpassed reliability and performance.
Subject introduces new ranges of dharani pumps. These monoset pumps are
specially designed and developed to meet water requirement of various needs
such as residential bungalow, flats, lawns, gardens, hotels, clubs etc. A
well-machined infrastructure housed in a sprawling campus facilitates Subject
manufacture fine quality pumps for the various requirements. State of the art
manufacturing centre churns out water pumps of high precision and performance
in a systematic way.
The production facility is equipped with contemporary machineries like
the fully-automatic Coil Winding machines, Surge comparator for testing winding
defects, Vacuum Impregnation plant, Semi-automatic assembly lane, Dynamic
Balancing machines for rotor with shaft and periodically calibrated electrical
and mechanical instruments to ensure the quality of finished products.
A comprehensive knowledge of the pump manufacturing backed by strong
design conscious engineers strengthen Perfect’s endeavours in design and
development of innovative pump products.
To facilitate smooth operations, modern machinery is available like the
Fully-automatic Coil winding machines, CNC machines, Surge comparator for
testing winding defects, Vacuum Impregnation plant, Semi-automatic assembly
lane, dynamic balancing machines for rotor with shaft and periodically
calibrated electrical & mechanical instruments to ensure quality.
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.43.15 |
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UK Pound |
1 |
Rs.85.08 |
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Euro |
1 |
Rs.68.10 |
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 |
6 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
7 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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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 |
YES |
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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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51 |
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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