MIRA
INFORM REPORT
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Report Date : |
27.05.2008 |
IDENTIFICATION DETAILS
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Name : |
H2O
SOLUTIONS |
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Registered Office : |
A-161 Sarita
Vihar, Near Apollo Hospital, New Delhi-110 076 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1997 |
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PAN
No.: [Permanent Account No.] |
AODPS9396G |
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Legal Form : |
Sole Proprietory
Concern |
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Line of Business : |
Manufacturer and Supplier of Waste Water
& Fresh Water Treatment Plants. |
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
8000 |
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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.
Proprietor is reported as experienced and respectable businessman. Trade
relations are reported as 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. Y.
P. Singh |
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Designation
: |
Proprietor |
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Date
: |
27.05.2008 |
LOCATIONS
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Registered Office / Factory : |
A-161
Sarita Vihar, Near Apollo Hospital, New Delhi 110 076, India |
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Tel. No.: |
91-11-41401502
/ 26942000 / 55707076 |
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Mobile No.: |
91-9811137076
/ 9350170474 |
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Fax No.: |
91-11-26942000
/ 26942900 |
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E-Mail : |
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Website : |
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Area : |
1,500
Sq. ft. approx |
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Location : |
Residential - Owned |
SOLE PROPRIETOR
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Name : |
Mr Y P Singh |
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Designation : |
Proprietor
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Address : |
A-161
Sarita Vihar, New Delhi-110 076 |
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Date of Birth/Age : |
42
Years |
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Qualification : |
B Tech
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Experience : |
10
Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Supplier of
Waste Water & Fresh Water Treatment Plants. |
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Products : |
v Water Treatment Plant v Desalination Plant v Reverse Osmosis Base Plant v RO Plant v UF Plant v Ultrafiltration Membrane Plant v Water Purification Plant v Fresh Water Treatment Plant v Mineral Water Treatment Plant v Cooling Tower Treatment Plant v Aquaculture Treatment Plant v Swimming Pool Filtration Plant v Swimming Pool Basic Filtration
Plant v Wastewater Treatment Plant v Zero Discharge Water Plant v Zero Discharge Recovery Plant v Sewage Treatment Plant v Sea Water Treatment Plant v Heat Recovery Plant v Water Softening Plant. |
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Imports from : |
Water
Treatment Plants from Singapore and Belgium |
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Terms : |
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Selling : |
Cash Against Delivery & Credit [30
days] |
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Purchasing : |
On
Credit [30 to 45 days] |
GENERAL INFORMATION
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Customers : |
v UNICEF v Indian Army v Indian Navy v Indian Air Force v State Government Authorities |
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No. of Employees : |
60 |
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Bankers : |
v Canara Bank, Sarita Vihar, New
Delhi v HDFC Bank Limited, New Delhi |
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Banking Relations : |
Satisfactory |
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Associates/Subsidiaries
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v Designing & Consulting /
Turnkey Projects v Revamping of Existing Plant /
Systems v Modernization / Atomization of
Existing Systems v Annual Maintenance Services v
Supply
of Spares (Pump/Membrane/Valves/Vessel/
Resin/Dosing Pump) |
CAPITAL STRUCTURE
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Capital
Investment : |
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Owned : |
Rs.2.000
Millions |
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Borrowed : |
-- |
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Total : |
Rs.2.000
Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
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Particulars |
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31.03.2006 |
31.03.2005 |
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Networth |
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2.000 |
1.770 |
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Sales Turnover |
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15.000 |
10.000 |
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Profit Before Tax |
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0.300 |
0.175 |
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Profit After Tax |
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0.230 |
0.125 |
LOCAL AGENCY FURTHER INFORMATION
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Parameters |
Detail |
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Statutory Approvals |
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Income
Tax Registration PAN |
AODPS9396G |
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State
Sales Tax Registration |
LC/094/07850283487/0305 |
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Name
of Bank |
Canara
Bank |
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Account
Since |
1 year |
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Credibility factors |
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Indiamart
client since |
3
years |
Profile :
Established
in 1997 the subject is engaged in the business of Manufacturer and Supplier of
Waste Water & Fresh Water Treatment Plants.
The subject is supplying Water Treatment Plants and
allied products to Defence, Government and other private companies. The subject also provides AMC services to
its clients.
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.42.56 |
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UK
Pound |
1 |
Rs.84.32 |
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Euro |
1 |
Rs.67.08 |
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
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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/normal. |
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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