MIRA
INFORM REPORT
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Report Date : |
08.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
OM SAKTHI MURUGAN ENTERPRISES |
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Registered Office : |
No.99/135, Periyar Pathi Choolaimedu, Chennai - 600 094, Tamilnadu |
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Country : |
India |
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Year of Establishment : |
1972 |
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IEC No.: |
0406034524 |
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PAN No.: [Permanent
Account No.] |
AFBPY2277C |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer, Supplier and Exporter of premium quality human hairs |
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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Maximum Credit Limit : |
USD 5000 |
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Status : |
Moderate |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small concern in it’s field. Trade relations are fair.
Payments are usually correct and as per commitments. The concern can be considered for small to business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
No.99/135, Periyar Pathi Choolaimedu, Chennai - 600 094, Tamilnadu, India |
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Tel. No.: |
91-44-23611530 |
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Mobile No.: |
91-9840240889 |
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E-Mail : |
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Area : |
2400 sq ft |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. M. Venkatesan |
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Designation : |
Proprietor |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Supplier and Exporter of premium quality human hairs |
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Products : |
Single Drawn
Remy Hair
Hantied Standard
Weft
Machine Weft
Hanited
Microweft Hair
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Exports : |
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Countries : |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
13 |
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Bankers : |
Indian Bank Kodambakkam, Chennai – 600 024 |
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Facilities : |
On own funds |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mr. Maruli Chartered Accountant |
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Address : |
Chennai |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.1.000 Million |
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Borrowed : |
- |
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Total : |
Rs.1.000 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2009 (Expected) |
31.03.2008 |
31.03.2007 |
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Sales Turnover |
0.700 |
0.500 |
0.200 |
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Profit/Loss for the year |
0.070 |
0.050 |
0.020 |
Inventories: Rs.0.700 Millions
LOCAL AGENCY
FURTHER INFORMATION
As Per Websites
Profile
Incepted in the year 1972, Subject is one of the foremost manufacturers, suppliers and exporters of premium quality human hairs. Available in different textures such as curly, wavy, straight, kinky and super curly etc, their hairs are appreciated for their smooth, silky and fine appearance. Led under the capable guidance of their mentor Mr. Venkatesan they are able to cater their range throughout the globe with countries including Germany, France, Australia, Italy, Hong Kong, Korea, Japan and USA.
Sophisticated processing unit
provides 100% natural hairs, possible by the installation of latest machinery.
Backed by their experienced personnel they are able to transform human hairs of
different texture and color. Their meticulous efforts are apparent from their
immense success they have attained within these years and able to retain the
economies of scale.
Some of attributes of their gamut for which they are widely
used by clients includes:
- Smooth
- Silky
- Strong roots
- Shiny
Their Hairs are available in different textures such as curly, wavy, straight, kinky and super curly. Further, these are available in different colors including black, brown, grey, blonde and white etc.
Facilities
They have state-of-the-art facility to process human hair to transform them into suitable and idle hairs of different texture combined with a host of colors. Spread across a sprawling area in Chennai, their processing unit is installed latest tools and machines in their processing unit to enhance the production process. Their processing unit is segregated into different sections for washing, drying and dyeing of raw hair sourced. Backed by the facilities they provide their clients quality hair as per their requirement or specifications. Further, they take utmost care in keeping their machinery and facilities in line with latest industrial trends so that there would not be any deterioration in the quality aspect.
Professionals
Being in one of the unique fields, they know the importance of experience and professionalism to the organization. This enables them to unearth talents from the industry and employ them in their workforce. Their professionals comprise sourcing agents, processing personnel, quality auditors and sales force. Their workforce are well aware of various aspects of hair making which includes sourcing quality hair and the subsequent transformation into hairs of different texture and color. Their proficiency ensures them to provide their clients quality hairs without any defect or dirt.
Trustseal Chart
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Parameters |
Details |
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Existence Verification |
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Name |
OM SAKTHI MURUGAN ENTERPRISES |
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Address |
99/135, Periyar Pathi Choolaimedu, Chennai - 600 094, Tamilnadu, India |
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Phone/ Mobile Numbers |
91-44-23611530/ 91-9840240889 |
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Statutory Approvals |
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Legal Status of Firm |
Proprietorship |
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Income Tax Registration |
AFBPY2277C |
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Import Export Code |
0406034524 |
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Name of Bank |
Indian Bank Limited |
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Current Account Number |
723213521 |
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Account Since |
21/2 Years |
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Credibility Factors |
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IndiaMART Client Since |
Since 1 Month |
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.48.74 |
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UK Pound |
1 |
Rs.85.19 |
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Euro |
1 |
Rs.66.12 |
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 |
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 |
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 |
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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29 |
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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