MIRA
INFORM REPORT
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Report Date : |
14.11.2008 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
No. 768, Pete Narasimaiah Industrial Estate, S R S Road Peenya, 1st
Stage, |
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Country : |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2000 |
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IEC No.: |
0707015944 |
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PAN No.: [Permanent
Account No.] |
AATPH1203R |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Trader of Lab Equipments. |
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 19000 |
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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 company having satisfactory track. Trade
relations are fair. Payments are usually correct and as per commitments. The concern can be considered normal for business dealings usual trade
terms and conditions. |
INFORMATION PARTED BY
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Name : |
Mr. Satish Hegde |
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Designation : |
Proprietor |
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Contact No.: |
91-9845114576 |
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Date : |
10.11.2008 |
LOCATIONS
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Registered Office : |
No. 768, Pete Narasimaiah Industrial Estate, S R S Road Peenya, 1st
Stage, Bangalore – 560 058, Karnataka, India |
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Tel. No.: |
91-80-41179310 |
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Mobile No.: |
91-9845114576 |
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Fax No.: |
91-80-28912272 |
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E-Mail : |
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Area : |
354 Sq. ft. |
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Location : |
Rented |
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Factory : |
No. 9, S B B Industries, 1st Cross, SRS Road, Bangalore -
560 058, Karnataka, India |
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Area : |
1200 Sq. ft. |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Satish Hegde |
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Designation : |
Proprietor |
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Date of Birth/Age : |
36 Years |
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Qualification : |
Mech. Engineer |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Trader of Lab Equipment. |
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Products : |
·
Thermal Conductivity Meter ·
Universal Governor ·
Electro Pnuematic Trainer Kit ·
Profile Projector (Vertical) ·
Digital Bomb Calorimeter ·
Petrol Engine Test Rig ·
Reciprocating Pump Test Rig ·
Speed Measurement ·
LVDT Calibration ·
Dead Weight Pressure Guage Tester ·
Cutting Tool Force Meter ·
Pin on Disc Wear Testing Machine |
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Imports : |
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Products : |
Equipments |
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Countries : |
China |
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Terms : |
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Selling : |
L/C, Cash and Credit (30 days) |
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Purchasing : |
L/C |
GENERAL INFORMATION
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Customers : |
·
End Users ·
Institutes |
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No. of Employees : |
9 (In Office 3 and In Factory 6) |
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Bankers : |
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Shyamrao Vitthal Co-Operative Bank ·
SBM Bank, Peenya Branch |
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Facilities : |
CC Rs.0.600 million |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
S K Ravindra and Company Chartered Accountant |
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Address : |
Maleshwaran, Bangalore |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.1.800 millions |
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Borrowed : |
Rs.2.000 millions |
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Total : |
Rs.3.800 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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6.500 |
Expected Sales (2008-09) : Rs.9.000 millions
LOCAL AGENCY FURTHER INFORMATION
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Additional
Requirement of Indiamart for Trust-Seal |
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Service Tax No. : -- |
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Excise Registration No.: -- |
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VAT : 29100337517 |
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IEC Code : 0707015944 |
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PAN / TAN : AATPH1203R |
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Bank Name : SBM Bank |
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Bank Address : Peenya Branch |
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Bank A/c. No.: 54008700763 |
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Account Since : 5 Years |
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In case of any affiliations / memberships / certifications : |
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Name : |
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Type : Under Process |
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Expiry Date : |
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Trade References
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M. S. Ramaya Institute of Technology, Bangalore
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National Institute of Engineering, Mysore
Web Details
Established in the year 2000, they are one
of the resourcefully managed associations, engaged in the trade of technically
advanced engineering products. The manufacturing products ensures high
performance and advanced features. They are associated with reliable and
certified manufacturers for complete solutions of the lab requirements.
An ISO 9001:2000 certified company; they are known for the high performance and
zero defect products, they have been setting new records since the inception.
This has increased the competitiveness in the market and increased the customer
base considerably, not only in India but in the international markets as well.
The highly rated quality products are catered to automobile, electrical,
electronic and engineering industries.
All the wide range undertakings were started by the founder who is basically a
mechanical engineer and wide range of experience. Distinction in production and
quality form the groundwork of the success in the industry.
Products
The products are presented in various
tolerance and tempers for general as well as specific requirements. These
products can be further availed in various specifications and dimensional
attributes.
The products embrace certain features which have made them an ideal company to
work with. Some of the highlighting features are:
- Durability
- Tensile
Strength
- Dimensional
Accuracy
- Precision
Engineered
The range of products are applicable in
following labs
- Metrology,
Measurments and Instrumentation lab.
- Theory of
machines lab.
- Thermodynamics,
Heat and Mass transfer lab.
- Fuel Testing
Lab
- Hydroulics
and Hydroulics Machines Lab
- Material
Science and Testing Labs
- Process
control Labs, N. D. T labs
- Mechatronics
Lab
Infrastructure
They are well equipped with a spacious
factory area of 1500 sq.ft, wherein having all the facilities needed for
efficient production. For excellent manufacturing, they are using supreme
quality raw material. They get the raw material sourced from local vendors. At
the production unit, they are using sophisticated modern machines and latest
technicalities.
Team
They have a diligent and skilled team of
professionals who helps in manufacturing world class instruments. They have the
technical acumen to understand the requirement of the clients and provide them
with tailor made solutions suitable for their individual purpose. The expert
team consists of mechanical engineers, technocrats, installation personnel,
quality control personnel and allied staff.
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 |
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 |
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 |
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 |
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. |
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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