MIRA
INFORM REPORT
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Report Date : |
02.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
ACCU FLOW PUMPS |
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Registered Office : |
Plot No. 133, Road No. 23, Wagle Estate, Thane – 400 604, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 (Estimated) |
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Year of Establishment : |
1985 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of Various Industrial Pumps |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 2000 |
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Status : |
Small / Unknown Concern |
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Payment Behaviour : |
Slow and Delayed |
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Litigation : |
Clear |
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Comments : |
Mr. Biju Pual, of the concern parted partial details. For remaining
details he failed to honour promises several times. The concern do not have much business. It’s payment are reported as
slow and delayed. The concern can be considered for small business dealings on safe and
secured trade terms and conditions. |
LOCATIONS
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Registered Office / Factory : |
Plot No. 133, Road No. 23, Wagle Estate, Thane – 400 604, Maharashtra,
India |
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Tel. No.: |
91-22-25810891 |
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Mobile No.: |
91-9323246942 (Mr. Biju Pual) |
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E-Mail : |
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Website : |
Under Construction |
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Location : |
Rented |
Sole PROPRIETOR
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Name : |
Mr. Bjiu Pual |
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Designation : |
Proprietor |
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Qualification : |
B. E (Mechanical) |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Various Industrial Pumps |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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No. of Employees : |
6 |
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Bankers : |
Not Divulged |
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Banking
Relations : |
Unknown |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.300 million (Estimated) |
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Borrowed : |
--- |
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Total : |
Rs. 0.300 million (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 (Estimated) |
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Sales Turnover |
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1.500 |
LOCAL AGENCY
FURTHER INFORMATION
WEBSITE Details:-
Established in the year 1985, the concern are an long standing concern in the market engaged in manufacturing, exporting and supplying of various types industrial pumps. Their vast range includes single acting diaphragm pump, pneumatic barrel pump, diaphragm hand pump, double acting piston manual pump and air operated double diaphragm pump.
All their vast ventures are well handled by their complete team, which have
been very profitable for them. Thereby, they have a turnover of about 36 lacs per annum and a production capacity of 10 lacs
per month.
Their turnover has come as boosting courage for them and therefore they look
forward to enhance their business on higher scales. They have made a number of
plans for their future in terms of productivity enhancement. 
Plans for Future
They have a strong strategy and planning regarding the future of their products. Their profile include the installation of latest CNC machines to enhance the productivity and competitiveness.
Senior Official
They are very well headed by Mr. Biju Pual. He has attained Bachelors in mechanical engineering and has long years of experience in the engineering industry. His support has been very large in terms of developing (Special Purpose Machines like jigs fixtures, moulds, dies and vacuum pumps.) He is very well aware all the pros and cons of the engineering industry. His guidance has enabled them in attaining a position in the market.
Business Specific
They function with an aim of facilitating their clients very well. From their end, they tend to give all the extra facilities which would help the client in using the equipment.
Product Profile
They are a prominent name in manufacturing various kinds of industrial pumps which are extensively used in the industries. Their product range comprises single acting diaphragm pump, pneumatic barrel pump, diaphragm hand pump, double acting piston manual pump and air operated double diaphragm pump.
For the production of these products, they are using premium quality raw
materials such as all types of steel like SS310L, 316, mild steel which they
source from domestic as well as international vendors. These product include
the following features which have made them a preferred Name to work with:
· Self-priming
· Less maintenance
· Easy to lubricate.
· Light weight
· Cost effectiveness
· Durable
· Well tested
Quality Compliance
They are strongly focused towards maintaining a high quality in the products. For the quality recognition, they are in the process of getting ISO certification. At their manufacturing unit, they have all the facilities required for testing the product. They have a chemical lab for testing the quality of raw material. Also, they conduct quality checks which are been done at each level and stage. They ensure that they maintain the quality as per the Indian standards.
Manufacturing Facility
They are well equipped with capacious factory area of 445 sq. meters where they are having all the facilities required for excellent production. At their unit, they are facilitated with various departments such as quality, production, chemical labs and many other. They use latest and modern engineering machines such as:
· CNC Turning Centre
· Grinding
· Vertical Machining Centre
· Laping Machine
· Honning Machine
Further, they have an in-house design unit wherein they have CAD and CAM facilities which extensively help in better design and development. They even have good packaging and delivery services which help them in serving their clients in a much better manner.
Customization
Their main and integral priority is on the specification their clients give them. They make sure the whatever requirements the client has asked for must be catered first. Regarding their products, they provide complete customization on each and every product.
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 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.46.96 |
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UK Pound |
1 |
Rs.83.91 |
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Euro |
1 |
Rs.66.36 |
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 |
2 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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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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21 |
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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