MIRA
INFORM REPORT
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Report Date : |
13.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
SAI CHEMPARTNERS INDIA PRIVATE LIMITED |
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Registered Office : |
707, Jaina Tower I, District Centre, Janak Puri, New Delhi – 110 058. |
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Country : |
India |
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Date of Incorporation : |
13.09.2006 |
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Com. Reg. No.: |
55-153645 |
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CIN No.: [Company
Identification No.] |
U51500DL2006PTC153645 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELS34152G |
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PAN No.: [Permanent
Account No.] |
AAKCS1959H |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business : |
Manufacturer and Importer of Membrance elements, Filters, Air Filter
Systems, Exporter of Chemicals, Supplier of Aceton, Yarn, Trichlorethyle,
Mythelin Chloride. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to establish track. Trade relations
are fair. Payments are unknown. The company can be considered for small to mediocre business dealings at
usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mrs.Olga Morozova |
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Designation : |
Head of Representative Body |
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Date : |
04.11.2008 |
LOCATIONS
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Registered Office : |
707, Jaina Tower I, District Centre, Janak Puri, New Delhi – 110 058,
India. |
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Tel. No.: |
91-11-45578143 |
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Fax No.: |
91-11-45578142 |
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E-Mail : |
saichempartners@propartners.ru carbonclean@propartners.ru |
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Website : |
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Location : |
Rented |
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Head Office / Factory : |
Moscow, Russia. 4, 1st Shipkovsky lane Tel No.:- +7 495 7370022 Fax No.:- +7 495 7457829 |
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Overseas Office : |
Beijing China Suit 2202, Building A, North Ring Central, Chaoyang district. Tel No.:-+86 134 88732273 Fax No.:-+852 301 01218 |
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Corporate Office
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C-4A/27A, Janakpuri, New Delhi – 110058, India. |
DIRECTORS
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Name : |
Mr. V.K.Sood |
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Designation : |
Director |
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Age : |
65 years |
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Name : |
Mr. Gorakh Sood |
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Designation : |
Director |
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Age : |
36 years |
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Qualification : |
Engineer |
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Name : |
Mrs. Asha Sood |
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Designation : |
Director |
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Age : |
65 years |
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Qualification : |
Teacher |
KEY EXECUTIVES
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Name : |
Mrs.Olga Morozova |
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Designation : |
Key Executive |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Importer of Membrance elements, Filters, Air Filter
Systems, Exporter of Chemicals, Supplier of Aceton, Yarn, Trichlorethyle,
Mythelin Chloride. |
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Products : |
Ø Industrial
Chemicals Ø Air Purification
Systems Ø Waste Management
Systems Ø Water Purification Systems Ø Membrane and
membrane Elements Ø Vodka /
Beverages Distillation Solutions. |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
4 (in office) |
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Bankers : |
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Facilities : |
They enjoy substantial facilities from its bankers. |
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Banking
Relations : |
- |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10/- Each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- Each |
Rs.0.100 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
New Company
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEB SITE
DETAILS
Waste Management,
Water and Air Purification Units and Industrial
Chemicals from Russia and China
Subject is, one of the renowned industrial
chemical suppliers in India,
was established in the year 2007.
Subject was established as
the Indian division of ChemPartners which itself is the international chemicals
subsidiary of ProPartners Group of Companies. They supply a range of industrial
chemicals along with providing cutting edge solutions to various industries.
Some of the industrial chemicals
which have been supplied by them in India include
Iron Oxide Red 130 Pigment, Iron Oxide Yellow 313, and Methylene Chloride
Commercial. Along with, they also supply chemicals like Trichloroethylene,
Bisphenol A (Diphenilolpropane), and Concrete Admixtures (GB 8076 - 1997) to India.
Industrial Chemical Suppliers in India
Subject are among the most
saleable industrial chemical
suppliers in India. Apart from supplying industrial chemicals to India, ProPartners Group of Companies
also provide various industrial solutions through their division EcoTechnologies Co. Some
of these solutions, apart from industrial chemicals, include Waste
Management Systems, Water Purification Systems, and Distillation Solutions for
Vodka and other Beverages. Along with they also supply Air Purification
Systems, and Membrane and Membrane Elements to India.
Operations Network
Suppliers of Industrial Chemicals in India
They are one
of the leading suppliers of industrial chemicals in India,
who supply the complete range of industrial chemicals. Their overseas
operations are supported by three offices which comprise over 180 professionals
and 25 agents in their target markets. ProPartners Group is a conglomerate of ChemPartners, EcoTechnologies, VolgaOrgChem, MetaPro, and
TransChlor.
- ChemPartners: Global network for international chemicals supplies, chemicals warehousing and chemicals marketing.
- EcoTechnologies: Polymers Recycling, Waste management technologies and industrial utilities production through trash recycling.
- VolgaOrgChem: Modern complex of chlorine based chemical compounds.
- MetaPro: Production and Marketing of innovative additives to dry mixes and concretes.
- TransChlor: Global logistics of liquid and hazardous chemicals employing their own transport system.
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.48.79 |
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UK Pound |
1 |
Rs.75.41 |
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Euro |
1 |
Rs.61.48 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
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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27 |
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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