MIRA
INFORM REPORT
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Report Date : |
06.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
POWERTEK EQUIPMENT COMPANY |
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Registered Office : |
203, Runwal Commercial Complex,L.B.s.Marg,Opp.Veena Nagar,Mulund (West), Mumbai-400 080, Maharashtra. |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment: |
2005 |
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IEC No.: |
0305035576 |
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PAN No.: [Permanent
Account No.] |
AAAPH5814P |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Supplier of Gear Works |
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 12500 |
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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. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr.Ravish P.Hebbar |
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Designation : |
Proprietor |
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Contact No.: |
91-9820193114 |
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Date : |
04.10.2008 |
LOCATIONS
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Registered Office : |
203, Runwal Commercial Complex,L.B.s.Marg,Opp.Veena Nagar,Mulund (West), Mumbai-400 080, Maharashtra, India. |
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Tel. No.: |
91-22-25905333 |
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Mobile No.: |
91-9820193114 (Mr.Ravish P.Hebbar) |
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Fax No.: |
91-22-25905324 / 25909028 |
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E-Mail : |
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Website : |
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Area : |
250 sq.ft. |
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Location : |
Owned |
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Factory: |
052/3 Additional MIDC,Satara |
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Mobile No.: |
91-9320193114 |
SOLE PROPRIETOR
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Name : |
Mr.Ravish P.Hebbar |
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Designation : |
Proprietor |
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Address : |
3/504, Orchid Vardhman garden,Opp.ColourChem Bhiwandi RD, Balkum,Thane
(West)-400608 |
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Age : |
39 years |
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Qualification : |
B.E |
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Tel No: |
91-22-25401121 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Supplier of Gear Works. |
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Exports : |
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Products : |
v Gear |
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Countries : |
v Middle East |
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Terms : |
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Selling : |
LC, Cash and Credit |
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Purchasing : |
Credit |
GENERAL
INFORMATION
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Customers : |
v End Users v OEM’S |
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No. of Employees : |
31 ( in office 6 + 25 in factory) |
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Bankers : |
ICICI Bank Mulund Branch |
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Facilities : |
The concern enjoy Cash and Credit of
Rs.0.200 Million from its bankers. |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Kamal Santanis and Company Chartered Accountants. |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.2.500 Millions |
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Borrowed : |
0.000 |
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Total : |
Rs.2.500 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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35.000 |
Expected Sales (2008-09) : Rs.50.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
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Additional
Requirement of Indiamart for Trust-Seal |
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VAT / TIN :
27110326632 |
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IEC Code :
0305035576 |
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PAN / TAN :
AAAPH5814P |
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Bank Name :
ICICI Bank |
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Bank Address :
Mulund Branch |
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Bank A/c. No.:
623805023687 |
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Account Since :
2007 |
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TRADE REFERENCES:
v MMC ELECTRICALS PRIVATE LIMITED- BELGIUM
v NATIONAL MOTORS – POWAI
AS PER WEB SITE DETAILS
CATEGORY MAPPINGS
Engaged
in export and supply of DC motors, electric motors, PMDC motors, flame proof
motors, geared motors, multi speed motors, brake motors, cooling tower motors,
mounting motors, textile loom motors, torque motors and marine duty motors.
Torque
Motor, Double Shaft Motor, Wide Voltage Fluctuation Motor
FHP
Geared Motors
Manufacturers
and exporters of flange motors, flange mounted geared motors, electrical
motors, geared motors, FHP motors, helical motors and worm motors.
Manufacturing
and exporting fhp motors together with other geared motors like planetary
geared motor, helical geared motor, worm geared motor, brake geared motor.
Variable Frequency Drive Motor
Engaged
in manufacture and export of variable frequency drive motor, variable speed
drive motor, variable geared motor, DC motor, electric motor, FHP motor,
helical motor, worm geared motor and torque motor.
Others
Voltage
Fluctuations Motors, Multi Speed Motors, Double Shaft Motors, Cooling Tower
Motors, Torque Motors
Planetary
Drive
Shaft Mounted
Reducers
Helical
Gear Box, Worm Gear Box, Agitator Gear Box
Manufacturer
and exporter of helical gear, helical gear boxes, helical gear motors. Also
supplies geared motors like dual speed, electromagnetic brake geared motor.
Helical
Geared Motors
Agitator
Gear Box
Planetary
Geared Motor
Worm
Gear Box
Worm
Gear Box
Instrumentation & Control Equipments
Planetary
Drive, Creep Drive
Mechanical
Speed Variator
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.46.88 |
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UK Pound |
1 |
Rs.82.97 |
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Euro |
1 |
Rs.64.99 |
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 |
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. |
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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