MIRA
INFORM REPORT
|
Report Date : |
20.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SIVANANDA ELECTRONICS |
|
|
|
|
Registered Office : |
Deepak Mahal, Lam Road, Devlali, Nashik, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Year of Establishment : |
August 1972 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
NSKS00125G |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAKFS9999Q |
|
|
|
|
Legal Form : |
Partnership concern with an unlimited liability of the partners. |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of test and measuring instruments and
security equipments. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed concern meeting its normal
commitments timeously. Trade relations are fair. The concern can be considered good for normal business dealings. |
INFORMATION PARTED
BY
|
Name : |
Sufy |
|
Designation : |
Typist |
|
Date : |
09.06.2008 |
LOCATIONS
|
Registered
Office/Head Office / Works : |
Deepak Mahal, Lam Road, Devlali, Nashik, Maharashtra, India 422401 |
|
Tel. No.: |
91-253-2491816 / 2491504 / 2491423 |
|
Fax No.: |
91-253-2492291 |
|
E-Mail : |
mkb@silvanandaelectronics sales@sivanandaelectronics.com sivanandaelectronics.com |
|
Website: |
www.sivanandaelectronics.com |
|
Location : |
Owned |
|
|
|
|
Branches : |
Mumbai Mr P.T.Bhojwani Delhi Bangalore Hyderabad Sivananda Electronics Goa |
PARTNERS
|
Name : |
Mr. M. K. Birmani |
|
Designation : |
Partner |
|
Date of Birth/Age : |
63 years |
|
Qualification : |
Graduate |
|
|
|
|
Name : |
Miss Renu |
|
Designation : |
Partner |
|
Date of Birth/Age : |
54 years |
|
Qualification : |
Graduate |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of test and measuring instruments and security
equipments. |
|
|
|
|
Exports : |
|
|
Countries : |
Middle East, Gulf and Kuwait. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash |
|
|
|
|
Purchasing : |
Cash / Credit |
GENERAL
INFORMATION
|
Customers : |
BPO |
|
|
|
|
No. of Employees : |
100 |
|
|
|
|
Bankers : |
Bank Of India |
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
S. M. Daga and Company (Chartered Accountant) |
|
Address : |
Nashik |
|
|
|
|
Associates /
Subsidiries: |
v
M.R .Equipments v
Siva Systems
Private Limited |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Available |
|
Borrowed : |
Not Available |
|
Total : |
Not Available |
FINANCIAL DATA
[all figures are in Rupees Millions]
Not Divulged
LOCAL AGENCY
FURTHER INFORMATION
Trustseal
Acceptance Chart
|
Statutotory Approvals |
|
|
Income Tax Registration |
AAKFS 9999Q |
|
Vat / TIN Registration |
27500363229 - V |
|
Import Export Code |
0390015334 |
|
Name of Bank |
Bank Of India |
|
Current Account Since |
080030100020032 |
|
Emp PF Registration Number |
MH/PF/APP/21756 |
|
|
|
|
Credibility Factors |
|
|
Indiamart Client Since |
2 years |
|
Years of Establishment |
August - 1972 |
|
|
|
|
Trade Affliations |
|
|
SSi Registration |
NAIC / NSK / GP/ R5/07-08/5/08 |
|
Export Promotion Council |
D/C NASHIK 11600380 Delhi |
|
Chambers of Commerce Membership |
Maharashtra Chambers |
|
|
|
|
Standards and Certifications |
|
|
Quality Management Systems |
ISO 9001:2000 |
Trade References:-
v MSETCL
v PGCIL
v Mark Electronics
v Infosys
Siva Equipments
v
Located in Goa,India
v
Private limited company started in 1994
v
Main product range > Cable testing systems
MR Electronics
v
Located in Goa,India
v
Proprietary firm started in 1984
v
Main products > Industrial and civil metal detectors
Guru Electronics
v
Located in Deolali (Nashik),Maharashtra,India
v
Proprietary firm started in 1984
v
Serves as an ancillary for other firms
Profile:-
They are specialized in the manufacturing of
Electronic Instruments, Metal Detectors, Turnstiles, Computerized Attendance
Recording & Access Control. . Since year 1973, Subject has introduced more
than 300 innovative quality products to cater to different application sectors
like Defense ,Power, Communication & Railways etc.
Subject draws its
technological edge from a set of highly experienced team in the manufacturer of
Security Equipments & integrated systems & its state of art
manufacturing facilitates for product developments.
They use innovative management
techniques and philosophies, including Focus Work Centers, to maintain top
quality and high output. They can be your reliable partner for any of your
custom need for test & measuring equipments and security Equipments &
integrated systems
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.68 |
|
UK Pound |
1 |
Rs.84.37 |
|
Euro |
1 |
Rs.65.70 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|