MIRA
INFORM REPORT
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Report Date : |
10.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
SUNGREEN VENTILATION SYSTEMS PRIVATE LIMITED |
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Registered Office : |
227, Kutchery Road, Mylapore, Chennai – 600 004, Tamilnadu |
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Country : |
India |
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Date of Incorporation : |
17.01.2008 |
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Com. Reg. No.: |
66097 |
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CIN No.: [Company
Identification No.] |
U29191TN2008PTC066097 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHES29340D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Supplier of Ventilators Evaporative Cooling Systems and
Air Conditioner System Solutions. |
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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to establish track. No payment records are available. The company can be considered for small to mediocre business dealings
on safe and secured trade terms and conditions initially. |
INFORMATION PARTED
BY
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Name : |
Mr. Jaikumar |
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Designation : |
Director |
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Contact No.: |
91-9840730009 / 9840044011 / 9962044016 |
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Date : |
06.10.2008 |
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Name : |
Mr. Dinesh |
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Designation : |
Director |
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Date : |
06.10.2008 |
LOCATIONS
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Registered Office/Factory : |
227, Kutchery Road, Mylapore, Chennai – 600 004, Tamilnadu, India |
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Tel. No.: |
91-44-24613146 / 42101119 / 28117471 / 28111794 |
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Mobile No.: |
91-9962044016 |
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Fax No.: |
91-44-42101119 |
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E-Mail : |
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Website : |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. Jaikumar Sundaramurthy |
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Designation : |
Director |
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Address : |
15, Deivasigamani St. Royapettah, Chennai – 600 014, Tamilnadu, India |
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Date of Birth/Age : |
01.01.1949 |
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Qualification : |
Engineer |
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Name : |
Mr. Dinesh Jaikumar |
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Designation : |
Director |
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Address : |
New No. 33, Old No. 15, Deivasigamani Street, Royapettah, Chennai –
600 014, Tamilnadu, India |
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Date of Birth/Age : |
26.12.1982 |
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Qualification : |
M.A. DEMMS. |
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Name : |
Mrs. Geetha Jaikumar |
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Designation : |
Director |
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Address : |
New No. 33, Old No. 15, Deivasigamani Street, Royapettah, Chennai –
600 014, Tamilnadu, India |
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Date of Birth/Age : |
13.05.1956 |
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Qualification : |
Graduate |
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Name : |
Mr. Hariesh Jaikumar |
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Designation : |
Director |
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Address : |
15, Deivasigamani Road, Royapettah, Chennai – 600 014, Tamilnadu,
India |
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Date of Birth/Age : |
04.01.1980 |
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Qualification : |
B.Com |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Supplier of Ventilators Evaporative Cooling Systems
and Air Conditioner System Solutions. |
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Products : |
·
Ventilators ·
Evaporative Cooling System ·
Air Conditioning System |
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Exports : |
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Countries : |
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Dubai ·
Thailand |
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Terms : |
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Selling : |
Credit (30 days / 60 days / 90 days) – Cheque |
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Purchasing : |
Credit (30 days / 60 days / 90 days) – Cheque |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
75 (In Office 30 and In Factory 45) |
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Bankers : |
Corporation Bank Mylapore, Chennai, Tamilnadu, India |
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Banking
Relations : |
Unknown |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
As the Subject is a new Company, no financials are available.
LOCAL AGENCY
FURTHER INFORMATION
Web Details
Turbovents is a
product of Sun Ind International, the pioneers of wind driven ventilation in India.
Sun Ind International was established by Mr S Jaikumar in 1995 to further the
pioneering spirit in industrial ventilation that began with the parent company
Metcon Engineers. Metcon Engineers was ranked as the leader in the field of
specialized fabrication and welding for a variety of industries and defense
establishments. They excelled in the development of indigenous equipment viable
for the conditions that substituted costly imported equipment. They also
specialized in manufacturing equipment out of exotic materials such as special
steels, titanium etc.
On a constant lookout for new technologies and excellence,
they soon developed Turbovents; a proudly 100% Indian product capable of
standing up to and even outperforming imported roof ventilators. Sun Ind
International was formed to cater to the development of this revolutionary
product. They had also realized after seeing industries abroad that had already
utilized roof ventilators that just putting up ventilators did not provide
optimum results and in some cases worsened the situation. The solution for this
was to carefully study and understand the entire process and working
environment before suggesting the need for a ventilation system and the exact
ventilation system required. Hence they came up with not just a ventilator but
a ventilation solution that used roof ventilators to provide with comfort
levels that did not affect the process or the equipment adversely and at the
same time gave maximum efficiency for the given conditions. Thus getting a
cleaner environment became an economical, easier and greener task.
With more than 2 decades of experience in providing cooling
and ventilation solutions for industries across India, Sun Ind International
has emerged as a trusted name. They have provided ventilation solutions for top
Industries that have withstood the ravages of time and climatic conditions.
They are well known for getting results and providing honest opinions with
regard to the ventilation requirements, going to the extent of even informing
if the ventilation systems are not suited for the requirements.
Features
Turbovents are
wind driven roof ventilators that have certain irresistible features
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Absolutely no operational costs
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Zero energy consumption as it runs on wind energy.
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The only ventilator in the world with custom made welded adapters.
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Entails tax benefits as it is an energy conserving device.
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Precision balanced low inertia head design
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Designed to withstand upto 140 km/hr winds
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Reduces condensation and mildew
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Available in different materials to suit different conditions including
aluminum, stainless steel etc
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Environment friendly and energy saving
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Noise free
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Leak proof
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Saves on operational costs
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Maintenance free
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Long life
if installed according to specifications based on pre
analysis
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.48.74 |
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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 |
3 |
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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 |
- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
- |
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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 |
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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18 |
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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