MIRA
INFORM REPORT
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Report Date : |
02.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
WOCK - OLIVER INC |
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Registered Office : |
Plot No. 9, Phase 2 , Industrial Area, Panchkula, Haryana – 134 112 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 (Estimated) |
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Year of Establishment : |
1987 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
RTKW00187F |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of Water Treatment, Effluent Treatment, Air Pollution Control Systems and Solid Waste Management. |
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
4000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well – established concern having satisfactory track.
Trade relations are fair. Payments are usually correct and as per
commitments. The concern can be considered normal for business dealings at usual trade
terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Balram Sharma |
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Designation : |
Office Administration |
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Date : |
29.08.2008 |
LOCATIONS
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Registered Office : |
Plot No. 9, Phase 2 , Industrial Area, Panchkula, Haryana – 134 112,
India |
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Tel. No.: |
91-172-3299416 / 3099416 |
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Fax No.: |
91-172-2592434 |
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E-Mail : |
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Website : |
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Area : |
500 |
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Location : |
Rented |
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Factory : |
Village Dhona, Manpura, Terhsil Nalagari, District Solan, Himachal
Pradesh, India |
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Area : |
1000 Sq.fts |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. B F Virk |
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Designation : |
Proprietor |
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Date of Birth/Age : |
38 years |
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Qualification : |
Mechanical Engineers |
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Experience : |
12 years |
KEY EXECUTIVES
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Name : |
Mr. Balram Sharma |
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Designation : |
Office Administration |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Water Treatment, Effluent
Treatment, Air Pollution Control Systems and Solid Waste Management. |
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Products: |
· Effluent / Sewage Treatment (Waste Water Treatment Systems) · Water Treatment Systems · Air Pollution Control Systems · Solid Waste Management Systems |
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Brand Names : |
Wock Oliver INC |
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Exports : |
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Products : |
Effluent / Sewage Systems |
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Countries : |
Pakistan, Australia |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C |
GENERAL
INFORMATION
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Customers : |
Wholesalers · Pepsi Foods Limited, India · Triveni Distilleries, Nepal · Bhagwati Sugars, Nepal · Panchsheel Paper Mills · Jayant Paper Mills, India · Shrike Paper Mills, India · DSM Paper (Orissa), India · Gaurav Paper Mills, India · New India Sugar Limited, India · Taj Leathers Works (WB), India · Aroma Aromatics And Flavour Himachal Pradesh, India · Gujarat Ambuja Cements, India · Agro Dutch Foods Limited, India · KK Trams (HP), India · Brooke Bond (I) Limited, India · ACC Cement Works, India |
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No. of Employees : |
30 (10 in Office and 20 in Factory) |
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Bankers : |
Citi Bank, Sector - 9, Chandigarh,
Punjab, India |
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Facilities : |
The concern do not enjoy facility from its bankers |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Krishan Juneja and Associates Chartered Accountants |
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Address : |
Panchkula, Haryana, India |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.800 million (Estimated) |
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Borrowed : |
--- |
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Total : |
Rs. 0.800 million (Estimated) |
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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Sales Turnover |
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4.000 |
Expected Sales (2008-09): Rs.6.000 millions
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERNECES:-
· Dypher Pharma Limited
·
Rockman Industries, Ludhiana
WEBSITE DETAILS:-
Concern Profile
The concern has been working since 1987 to control water and air pollution. The concern is one of the world's leading environment management specialists. Today, they are one of the leading companies in water treatment, effluent treatment, air pollution control systems and solid waste management.
The concern is headed by scientists and professionals in the field of environment management. The concern provides customized treatment solutions with state of the art cost effective technologies.
The concern provides consultation services and equipment for environment management, which are of international standards. They offer their clients guaranteed performance with its more than decade of experience of environmental pollution control. The concern has a technical backup from the WORLD LEADERS and giants in the field of pollution control.
The concern has a team of scientists, engineers, technicians, computer professionals committed to the environment. They have state of the art laboratory services for research, development and testing facilities. The concern also has well equipped computer labs and state of the art CAD (Computer Aided Designing) facilities. They have an experienced service team, which provides technical support to their customers around the clock.
The concern has a team of scientists, engineers, technicians, computer professionals committed to the environment. They have state of the art laboratory services for research, development and testing facilities. The concern also has well equipped computer labs and state of the art CAD (Computer Aided Designing) facilities. They have an experienced service team, which provides technical support to their customers around the clock.
The concern has a well-equipped dedicated workshop and ultra modern facility to manufacture equipments, vessels with skilled workforce as per the clients specification.
Some of the industries they serve are chemical, pharmaceuticals, sugar mills, rice mills, food, leather, textile, automobile, cement. They have a numbers of satisfied customers around the globe. They are committed to customer service through their adherence to the waste recycling, treatment and disposal hierarchy.
Services:-
· Turn Key Projects for ETP
· Turn Key Projects for STP
· Turn Key Projects for WTP
· Turn Key Projects for APCD
· Consultancy Services
· Design and Engineering
· Erection and Commissioning
· Operational Training
· Annual Maintenance Contracts
· Supply of Fabricated Components
· Up gradation and Modernization of plants
· Water Management surveys
· Feasibility Studies
· Project Management
· Environment Audit
· Environmental Impact Assessment
· Consumables
· Wock Oliver Technical Expertise Covers
· Process Water Treatment
· Industrial Waste Water Treatment
· Tertiary Treatment and Reuse Waste water
· Sewage Treatment
· Water Conditioning
· Mineral Water Plants And Systems
· Air Pollution Control Systems
· Fume Treatment
· Dust Collection System
· Solid Waste Treatment
· Swimming Pool Water Treatment
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.44.21 |
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UK Pound |
1 |
Rs.79.76 |
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Euro |
1 |
Rs.64.72 |
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 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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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 |
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 |
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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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
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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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