MIRA
INFORM REPORT
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Report Date : |
14.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
RASCI INSTRUMENTS |
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Registered Office : |
New No.16, Old No.36/3, Alandur Road, Saidapet, Chennai- 600 015,
Tamilnadu |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2003 |
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IEC No.: |
0407020756 |
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TIN No.: |
33936222130 |
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PAN No.: [Permanent
Account No.] |
AGNPR1651D |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of Industrial Process Control Instruments. |
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 7500 |
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Status : |
Satisfactory |
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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 having satisfactory track. Trade
relations are fair. Payments are usually correct and as per commitments.
Nothing adverse reported. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office/ Factory : |
New No.16, Old No.36/3, Alandur Road, Saidapet, Chennai- 600 015,
Tamilnadu, India |
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Tel. No.: |
91- 44- 23814758 / 43302617 |
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Mobile No.: |
91- 9841201758 / 94440 60776 |
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Fax No.: |
91- 44- 23814758 |
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E-Mail : |
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Website : |
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Area : |
1000 sq ft (Office – 400 sq ft + Factory – 600 sq ft) |
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Location : |
Rented |
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Branch Office : |
Located at:
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SOLE PROPRIETOR
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Name : |
Mr. S. Ramesh |
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Designation : |
Proprietor |
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Date of Birth/Age : |
29 Years |
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Qualification : |
B.E |
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Experience : |
8 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Industrial Process Control Instruments. |
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Products : |
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Exports : |
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Countries : |
China |
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Terms : |
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Selling : |
D/P |
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Purchasing : |
Credit 15/ 30 days |
GENERAL
INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
12 (In office – 3, In factory – 9) |
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Bankers : |
Canara Bank, Chennai – 600 032, Tamilnadu, India |
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Facilities : |
Operates on own funds |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Esther Associates Chartered Accountants |
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Address : |
Chennai |
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Associates/Subsidiaries : |
Tempsen Devices Address: Alandur Road, Saidapet, Chennai- 600 015, Tamilnadu, India |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
About Rs.1.500 millions |
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Borrowed : |
-- |
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Total : |
About Rs.1.500 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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6.000 |
4.800 |
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Profit/Loss for the year |
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About 0.900 |
About 0.720 |
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Inventories: About Rs.1.000 million
Expected Sales (2008-09): Rs.8.000 millions
Expected Net Profit (2008-09): Rs.1.200 millions
LOCAL AGENCY
FURTHER INFORMATION
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Additional
Requirement of Indiamart for Trust-Seal |
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Service Tax No. : AGNPR1651D ST001 |
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VAT / TIN : 33936222130 |
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IEC Code : 0407020756 |
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PAN / TAN : AGNPR1651D |
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Bank Name : Canara
Bank |
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Bank A/c. No.: 0909201002378 |
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Account Since : Since
5 Years |
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Additional Information: |
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CST Registration No.: 732340 |
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WEBSITE DETAILS:
PROFILE:
Subject is a leading organization that has
established itself in the manufacture of wide range of products that include Temperature
Controller, Control Panel, Process Data Loggers, Counters, Process Recorders
and also undertaking calibration of Temperature and Pressure Instruments, the
organization has become synonymous with quality products in its Sphere of
operation.
The company is continuously rising on the growth chart and setting very
high quality standards. The strict emphasis on quality is combined with the
latest Micro Controller Based technology products to offer the customers a
competitive edge and in pair with international quality.
Since its inception, the company has established a reputation for itself as a
supplier of quality products. They focus on quality and aim to achieve total
customer satisfaction, both in the products they offer and in the service that
follows.
The highest priority is on customizing the products. They are committed
to provide what the customer wants and they provide quality and consistency at
the best value.
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 |
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 |
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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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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