MIRA
INFORM REPORT
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Report Date : |
27.10.2008 |
IDENTIFICATION DETAILS
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Name : |
PROCESS PUMPS CORPORATION |
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Registered Office : |
Shree Gaytri Co-op Hsg. Society Office No. 3, Chaphekar Bandhu Marg, Mulund
(East), Mumbai – 400 081, |
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Country : |
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Financials (as on) : |
31.03.2008 (Estimated) |
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Date of Incorporation : |
September 2004 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Consultant and Marketing Agents for Pumps of Various such as Horizontal Centrifugal Pumps, Vertical Centrifugal Pumps, Plastic Centrifugal Pumps, etc |
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 : |
---- |
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Status : |
Small Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a small and unknown concern. It is a one – man show
business. No payments are available. Trade relations are fair. The concern can be considered for small business dealings at usual
trade terms and conditions, only. |
INFORMATION PARTED BY
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Name : |
Mr. R S Parab |
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Designation : |
Proprietor |
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Mobile No.: |
91-9819179541 |
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Date : |
23.10.2008 |
LOCATIONS
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Registered Office : |
Shree Gaytri Co-op Hsg. Society Office No. 3, Chaphekar Bandhu Marg,
Mulund (East), Mumbai – 400 081, |
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Tel. No.: |
91-22-65887992 / 67251702 |
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Mobile No.: |
91-9819179541 (Mr. R S Parab) |
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Fax No.: |
91-22-67251702 |
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E-Mail : |
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Area : |
150 Sq.fts |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. R S Parab |
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Designation : |
Proprietor |
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Date of Birth/Age : |
59 Years |
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Qualification : |
ME, Mechanical |
BUSINESS DETAILS
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Line of Business : |
Consultant and Marketing Agents for Pumps of Various such as Horizontal Centrifugal Pumps, Vertical Centrifugal Pumps, Plastic Centrifugal Pumps, etc |
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Products : |
· Horizontal Centrifugal Pumps · Vertical Centrifugal Pumps · Plastic Centrifugal Pumps · Lined Pumps (PFA/FEP/PVDF Lined Pumps) · Sealless Canned Motor Pumps · Sealless Magnetic Driven Pumps · Rotary Peristaltic Pumps · Rotary Gear Pumps · Rotary Screw Pumps · Reciprocating/ Diaphragm Pumps · Positive displacement Lobe Pumps · Double Diaphragm Pumps |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL INFORMATION
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Customers : |
Chemical Industries |
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No. of Employees : |
1 |
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Bankers : |
North Canara GSB Co-Operative Bank, Mulund (East), |
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Facilities : |
The concern enjoy Cash Credit facility of Rs. 0.200 million from its
banker. |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Girish Samant and Company Chartered Accountants |
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Address : |
Goregaon, Mumbai, |
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Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.050 million |
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Borrowed : |
--- |
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Total : |
Rs. 0.050 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2008 (Estimated) |
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Order Booking |
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6.000 |
Expected Sales (2008-09): Rs.7.500 millions
LOCAL AGENCY FURTHER INFORMATION
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Additional
Requirement of Indiamart for Trust-Seal |
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VAT / TIN : 27890400699V
Issued Dated : 01.04.2006 |
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PAN / TAN : ANEPP9374J |
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Bank Name : North Canara GSB Co-operative Bank |
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Bank Address : Mulund (East) |
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Bank A/c. No.: Subject doesn’t want to disclosed |
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Account Since : 2005 |
Note: No ISO
Certificate
TRADE References:-
· Sehra Pumps Private Limited, Mumbai, Navi Mumbai
· Vew Engineering Project Private Limited, Sakinaka
website details:-
Concern Profile
The owner of the concern is conservent with various IS/ISO/API/DIN
and Several relevant standards on Process Pumps, reciprocating diaphragm pump,
pertaining to designing, manufacturing and testing. He has dealt with several
reputed consultants, such as H and G, UDHE, EIL, BARC, NPC, PDIL, K-Powergas,
etc.
He has also designed, manufactured and supplied several different models of
Sealless Canned Motor Pumps (Import substitution) for very much critical
pumping applications at BARC, NPC, ISRO, HLL, IVP, UPL, 1PCL, Colour Chem etc.
Company Brief
The Proprietor of the Concern is highly qualified having Post Graduate
(Engineering) degree from
Services :
· Selection of Pump to suit the application
· Inspection of pumps to ensure Quality, Reliability and stand as Guarantor of the pumps supplied to you.
· Solutions to the pump operating problems.
· Help to calculate NPSH available at site to ensure satisfactory operation of the pump recommend by us.
· Customer Education and After Sales Service.
Application Areas
With their products and services, they fulfill the needs of various
segments which include:
· Process Industries
· Chemical Industries
· Pharmaceutical Industries
· Food Industries
· Breweries Industry
· Petrochemical Industry
· Refineries
· Paper Industry
· Nuclear Plants
· Highly corrosive/ Hazardous Fluids
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.49.95 |
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1 |
Rs.79.56 |
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Euro |
1 |
Rs.63.65 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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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 |
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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30 |
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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