MIRA
INFORM REPORT
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Report Date : |
10.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
SAI AQUAFRESH |
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Registered Office : |
X-10, 2nd Floor, Main Market, West Patel Nagar, New
Delhi-110008 |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1995 |
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IEC No.: |
0506022633 |
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PAN No.: [Permanent
Account No.] |
AAGPK4650C |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of Water Purifying Systems |
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 7500 |
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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 steady business. Trade
relations are fair. Payments are usually correct and as per commitments. Nothing adverse reported. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Dr. Rajeev Kishor |
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Designation : |
Proprietor |
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Contact No.: |
91-9810119774 |
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Date : |
09.09.2008 |
LOCATIONS
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Registered Office : |
X-10, 2nd Floor, Main Market, West Patel Nagar, New
Delhi-110008, India |
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Tel. No.: |
91-11-25881093/ 25889739 |
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Mobile No.: |
91-9810119774 |
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Fax No.: |
91-11-25889739 |
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E-Mail : |
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Website : |
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Area : |
2000 sq. ft ( Owned) |
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Branch Office : |
Caroline Springs, Victoria-3023, Australia |
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Tel. No.: |
006143360372 |
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Contact Person: |
Mr. Yuvnesh Dutt Bali |
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Branch Office : |
Block -204, # 03-124, Serrangoon Cental, Singapore |
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Tel. No.: |
+6592987594 |
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Contact Person: |
Mr. Prashant Tikar (Resident Director) |
SOLE PROPRIETOR
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Name : |
Dr. Rajiv Kishore |
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Designation : |
Proprietor |
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Date of Birth/Age : |
51 Years |
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Qualification : |
P H D in Bio-Tech |
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Experience : |
25 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Water Purifying Systems |
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Products : |
An ISO 9001:2000 certified company
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Brand Names : |
SAI AQUAFRESH |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
Parts |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL
INFORMATION
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Suppliers : |
Own Manufacturing |
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Customers : |
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No. of Employees : |
10 |
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Bankers : |
The Karnataka Bank, Patel Nagar, New Delhi-110008, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Not Available |
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Associates/Subsidiaries : |
Pure Water Technologies Address: X-10, 2nd Floor, Main Market, West Patel Nagar,
New Delhi-110008, India Activity: Manufacturer and Exporter of Water Purifying Systems |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.500 Million |
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Borrowed : |
-- |
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Total : |
Rs. 1.500 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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11.000 |
10.000 |
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Profit/Loss for the year |
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12% |
12% |
Expected Sales (2008-09) : Rs. 25.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE
Profile:
Established in the year 1994, they, an ISO
9001:2000 certified organization are a trusted and professionally managed
company, engaged in the manufacture and export of water purifying systems. The
wide category includes Domestic RO Systems, Commercial RO Systems, Filters,
Chemical Softener,
Effluent Treatment Plants and Disinfectants. The range serves the demands of
varied industries such as Textile, Sugar, Dairy, Food processing,
Pharmaceutical and other industries.
Backed by advanced technology and capitalizing on years of industry experience,
they design and develop water purifiers and allied products, which ensures high
performance and are cost effective. The range of user friendly water filtration
system has carved a niche for the company thereby creating a huge market base
across the globe.
Company Philosophy
The philosophy of the company is to successfully develop, produce and
market high quality water treatment products across the globe, which ensures in
the development of healthy environment thereby giving better quality of life.
Aiming towards attainment of the goal, the endeavors are directed towards
offering state-of-the-art water technology to the country but all over the
world.
Driven by the quality centric approach and the aim to offer excellent water
purifiers and other similar products, they follow an integrated approach
towards assuring the quality. In this regard they have formulated quality
objectives, which keeps us geared to meet the requirements of qualitative
products.
Social Awareness and Eco Friendly Policies
They take pride in introducing themselves as one of the pioneers to
launch Pure Water Awareness Campaign in the schools and J.J. Clusters. The main
purpose behind this campaign was to make water available for drinking to all
individuals.
Furthermore, they have devised and chalked out environment policies,
which enable them to successfully meet different environment related statutory
compliance. Some of them include:
- Annual
hazardous waste returns.
- An
environmental audit.
- Guidance on disposal
of hazardous waste by secured land filling, stack, noise, water-waste
water analysis.
After Sale Services: The Core Strengths
They are engaged in offering excellent after sale services to the
clients and can solve their queries regarding water treatment and application
of the products. They are not only known for the manufacture of the products
but are also well versed with the installation, repair and maintenance of the
range of water treatment plants and allied products. The team of experts has
complete knowledge of the domain and ensures it caters to the client's query
most efficiently and within a stipulated frame of time. With the excellent
products and service support system, they aim at expanding the customer base
across the globe.
The Facilities
They are equipped with several facilities, which facilitates them in the
effective production of the eater treatment systems and plants. For effective
designing and ensuring flawless finishes in the products, they make sure that
they use high quality machines and incorporate the latest technology in the
manufacturing process. Further, they also have in-house facility to ensure
quality tests from time to time. The integrated facilities include:
- Profound
Infrastructure
- In-house
Quality Test Laboratory
- Efficient and
Value Added After Sale Services
- Warehousing
and Packaging
Domain Expertise
The in-depth experience in the domain, enables them being one of the
most reputable and trusted organizations, engaged in offering effective
solutions for water treatment in both domestic as well as industrial
applications. Operating in the field since more than a decade, they have gained
in-depth expertise in the removal of any amount of salinity present in water
through commercial and domestic RO systems. Further, they also have the ability
to develop online filtration systems (from river water to bore well filtration
possible) without any chemical exchange, commercial and domestic UV systems in
all capacities, custom made filters for the removal of Iron, Fluoride, Arsenic
and Nitrate present in waters. In addition to this, they also have developed
the expertise in the manufacture of Silica and Silt Removal systems and Ozone
Generators in all capacities.
Quality Policies
Committed to offer qualitative products and services, the company has
formulated certain quality objectives. Abiding by these quality objectives,
they have attained level of excellence in the domain. These quality objectives
are:
- Substantial
reduction in costs
- Higher
customer satisfaction
- Extensive
testing of finished products
- Maintaining
conducive working environment
- Maintaining
timely dispatches
- Application
of advanced technology
Water Purification Systems
They are a reputed name in manufacturing and exporting of water purification
systems which are not only widely demanded in various industries but are also
reliable and cost effective. All the products are made with technical
superiority and are also high in performance. The products are also qualitative
and ensure a long working life. These systems purify the water and can also be
customized as per client's technical details.
Domestic Ro Systems
They manufacture and export domestic RO systems for Domestic drinking
water, Public Aquariums, Universities and Hospitals, Industrial applications
and Aquarium keepers. It is multi-stage advance Domestic water treatment system
to makes even ground, salty water to bottle water standards using RO
technology, which is being used world-wide to make bottled mineral water. The
RO systems are designed for long life and protection. They completely purify
the water with ease making it safe and healthy. All the dissolved impurities
are easily removed using these systems. They can be installed anywhere and are
cost effective. It provides a crystal clear water and its efficacy is also
quite high. This RO system is designed by experts according to the latest
designing parameters. The wide range includes:
Commercial Ro Systems:
They are proficient in designing and manufacturing commercial RO systems
which are made using premium quality of raw materials. This commercial RO
system is excellently made so that they can suit the purpose they are meant
for. Used for purifying of water, chemicals, acids, gases as well as other such
liquids, these commercial RO systems are also cost effective and can be
installed in various industries. The varied range includes:
Pre- Filters:
They manufacture pre-filters to purify the water so that they are safe
for drinking as well as various other usages. The pre-filters remove even the
minutest impurity to provide crystal clear water. Featured with compact size
and long life durability, they do not require separate pump for regeneration.
They save cost of pump and power consumption, and has user friendly operation
and process indication. The wide filter range includes:
Water Softeners:
A (chemical) water softener is a device or a substance, that remove or
renders inactive and isolate minerals, such as Calcium, Magnesium. Water
containing dissolved calcium and magnesium in amount greater than 120mg./1 is
considered hard, this water destroys the detergent property of soaps. On
heating and cooling, it forms scales which corrodes. This chemical softener is
made using premium quality of raw materials and is widely demanded in the
global markets. They can also be designed as per the required technical
specifications and are easy to install.
Water Disinfectants:
They design and manufacture disinfectants which not only provide a clean
and safe drinking water but is also easy to install. These disinfectants are
made using premium quality of raw materials and are also widely demanded in
various industries. These disinfectants are highly precise and can also be made
as per specifications provided by the client so that the most desired one can
be produced. The range includes:
Effluent Treatment Plants:
They can easily manufacture and export effluent treatment plants which
are used for various industries like Textile, Sugar, Dairy, Food processing and
Pharmaceutical. They also design effluent treatment plants based on latest MBBR
Technology. They can provide these plants as per the specific requirements of
clients. These plants are designed with precision and attention to each and
every detail so that the best can easily be provided to the clients. The range
includes:
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.89 |
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UK Pound |
1 |
Rs.78.86 |
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Euro |
1 |
Rs.63.33 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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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 |
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 |
YES |
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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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46 |
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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