MIRA
INFORM REPORT
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Report Date : |
20.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
C B TRADING CORPORATION |
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Registered Office : |
198, L T Marg, Sardar Griha Building, 2nd Floor, Room No. 207,
Lohar Chawl, Mumbai – 400 002, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1966 |
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IEC No.: |
0397030932 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMC09301F |
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PAN No.: [Permanent
Account No.] |
AAAFC4879M |
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Legal Form : |
Partnership concern with an unlimited liability of the partners. |
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Line of Business : |
Trader and Distributor of Valves, Pipe Fittings, Hydraulic Equipments.
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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 : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed concern having satisfactory
track records. Trade relations are fair. Business is active. Payments are
reported as usually made as per commitments. The concern can be considered good for normal business dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. Nilesh Kadakia |
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Designation : |
Partner |
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Contact No.: |
91-9820075276 |
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Date : |
17.10.2008 |
LOCATIONS
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Registered Office : |
198, L T Marg, Sardar Griha Building, 2nd Floor, Room No.
207, Lohar Chawl, Mumbai – 400 002, Maharashtra, India |
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Tel. No.: |
91-22-22063292 / 23112807 / 808 / 809 |
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Mobile No.: |
91-9820075276 / 9967422330 / 932221643 |
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Fax No.: |
91-22-2061808 |
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E-Mail : |
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Website : |
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Area : |
325 Sq. ft. |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Chandrakant Kadakia |
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Designation : |
Partner |
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Date of Birth/Age : |
62 Years |
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Qualification : |
B.Com |
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Name : |
Mr. Nilesh Kadakia |
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Designation : |
Partner |
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Date of Birth/Age : |
35 Years |
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Qualification : |
B.Com |
BUSINESS DETAILS
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Line of Business : |
Trader and Distributor of Valves, Pipe Fittings, Hydraulic Equipments. |
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Products : |
·
Neta ·
Jnm-Spirax ·
B.H.E.L. ·
Forbeson ·
RB ·
TATA / GST / ZENITH / JINDAL / PRAKASH / LLOYDS /
HSL ·
TATA/MSL / ISMT / KALYANI / IMPORTED ORIGIN" ·
C.S. / F.C.S. ·
S.S. |
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Terms : |
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Selling : |
Credit (30 days / 60 days / 90 days) |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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Customers : |
·
Wholesalers ·
Retailers ·
End Users |
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No. of Employees : |
10 |
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Bankers : |
HDFC Bank Crawford Market Branch, Mumbai |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Nilesh Parekh and Associates Chartered Accountants |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.2.500 millions |
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Borrowed : |
- |
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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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70.000 |
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.: AAAFC4879M XD001 |
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VAT / TIN : 27300007446 |
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IEC Code : 0397030932 |
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PAN / TAN : AAAFC4879M |
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Bank Name : HDFC Bank |
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Bank Address : Crawford Market Branch |
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Bank A/c. No.: 01432000005841 |
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Account Since : 6 Years |
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In case of any affiliations / memberships / certifications : |
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Name : -- |
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Type : -- |
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Expiry Date : -- |
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Trade References
·
BHEL (Bharat Heavy Electricals Limited)
·
Forbes Marshall Limited
Web Details
Profile
Owing to cater to
the growing needs of the Indian industry. Subject was formed in 1966 . Quality
conscious being the prime motto of the company with got them aquainted with
reputed companies along the way like Spirax Marshall Limited , Bharat Heavy
Electricals Limited (B.H.E.L) , Forbes Marshall (Hyd) Limited and Neta Metal
Works (regd). Each a leader in its respective field for quality and service.
Over the years
they at subject are making a sincere effort by supplying quality products at
the most competitive rates along with prompt delivery and a commitment to
excel. Theirs is an quality conscious and growth oriented company which has an
experience of more than three decades in catering to the Indian Industry and
are making a sustained effort in providing the best service at all times.
Valuing the
customer's expectations of trading and for the better services they
continuously put the efforts to supply high quality products with reasonable
prices and accurate delivery in the most efficient and responsible manner. They
have been catering to various industries such as :- Petrochemicals and Fertilizer, Bulk drugs abd Pharma, Food and
beverages, Solvent Extraction,Chemicals, Sugar industries etc. And hold a
solution for all the mediums of Oil, Gas, Steam, Water, Pneumatic, Hazardous
Chemicals, Petrochemicals etc..
Over the years
they have been dedicatedly satisfying all the needs of our clients for their
requirement for NEW PROJECTS, EXPANSIONS, MAINTENANCE, SHUT DOWNS, REQUIREMENT
ETC.. They take pride in the commitment in giving the best services such as
Third Party Inspection, Modvat Facility, Ex Stock Supply, Warranty alongwith
Gurantee and Manufacturing Test Certificates.
The company with
its efficient and dynamic Management, Computerised Accounting Systems and
Inventory Control and other Tele-Communication equipments is well equipped to
provide quality services to its growing list of customers in India.
Copyright © 2004,
CBT India, All rights reserv
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.48.68 |
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UK Pound |
1 |
Rs.84.37 |
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Euro |
1 |
Rs.65.70 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
8 |
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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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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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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50 |
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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