MIRA
INFORM REPORT
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Report Date : |
11.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
ANUPAM INDUSTRIES |
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Registered Office : |
Surjoo Chungi,Opp Police Chowki, Muzaffarnagar–251001,Uttar Pradesh. |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
1998 |
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IEC No.: |
3302001894 |
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PAN No.: [Permanent
Account No.] |
AAHFA3450F |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of Wash Basins and Sanitary Fittings. |
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 23500 |
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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 meeting its normal
commitments timeously.Trade relations is fair. Business is active. The concern can be considered good for normal business dealings |
INFORMATION PARTED
BY
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Name : |
Mr.R.K.Mittal |
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Date : |
20.08.2008 |
LOCATIONS
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Registered Office : |
Surjoo Chungi,Opp Police Chowki, Muzaffarnagar–251001,Uttar
Pradesh,India |
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Tel. No.: |
91-131-2620931 |
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Mobile No.: |
91-9358909840 / 9837048650 |
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Fax No.: |
91-131-2621123 |
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E-Mail : |
anupamindustries@yahoo.com |
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Website : |
www.indiamart.com/biuestar |
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Area : |
9000 Sq.fts. |
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Location : |
Owned |
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SOLE PROPRIETOR
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Name : |
Mr.Vivek Gangwal |
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Designation : |
Proprietor |
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Address : |
Jaipur |
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Age : |
34 years |
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Qualification : |
Graduate |
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Experience : |
25 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Wash Basins and Sanitary Fittings. |
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Exports : |
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Products : |
v Sanitary Goods |
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Countries : |
v Dubai v Oman v Nepal |
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Terms : |
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Selling : |
Credit and Cash (30 days) |
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Purchasing : |
Credit and Cash ( 30 days) |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
55 (in office 10 + 45 in factory) |
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Bankers : |
v Union Bank of
India
Muzaffarnagar |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
S.C.Jain and Company Chartered Accountant Muzaffarnagar |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.4.700 millions |
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Borrowed : |
0.000 |
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Total : |
Rs.4.700 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
SUMARIZE
FIGURE
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31.03.2008 |
31.03.2007 |
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1] Share Capital |
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4.700 |
4.570 |
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FIXED ASSETS [Net Block] |
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6.600 |
6.800 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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3.290 |
4.160 |
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Cash & Bank Balances |
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0.346 |
0.315 |
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CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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23.600 |
23.300 |
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MISCELLANEOUS EXPENSES |
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0.180 |
0.105 |
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PROFIT & LOSS
ACCOUNT
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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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24.500 |
21.500 |
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Profit/(Loss) After Tax |
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1.700 |
1.500 |
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART
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Parameters |
Detail |
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Existence Verification |
ANUPAM INDUSTRIES |
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Name |
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Address |
Surjoo Chungi,Opp Police Chowki, Muzaffarnagar–251001,Uttar
Pradesh,India |
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2nd Address |
Surjoo Chungi,Opp Police Chowki, Muzaffarnagar–251001,Uttar
Pradesh,India |
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Phone / Mobile Numbers |
91-131-2620931 Mob – 91-9358909840 / 9837048650 |
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Fax Number |
91-131-2621123 |
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Electricity Bill |
Electricity Bill is in name of Company MNFRS.of Sanitary Goods – Kitchen Sink |
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Statutory Approvals |
Proprietor |
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Legal Status of Firm |
Mr.R.K.Mittal Age: - 55 years |
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VAT / TIN Registration |
9873100790 |
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Import Export Code |
3302001894 |
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Name of Bank |
Union Bank of India, Muzaffarnagar |
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Emp PF Reg Number |
ND |
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Company ESI Reg Number |
ND |
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RBI Code Number |
AAHFA3450F |
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Creditability Factors |
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India Mart Client Since |
New Member |
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Years of Establishment |
1998 |
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Trade Affiliations |
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Export Promotion Council |
Export Promotion Council |
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Standards and Certifications |
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Quality Management Systems |
Yes Maintaining Full Quality Control |
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Environment Management Systems |
Nil |
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Safety Certificates |
Yes Maintaining Full Quality Control |
TRADE REFERENCES:
v BLUE STAR POLYMER
v OMAN SANITARY STORE , OMAN
WEB SITE DETAILS
Who They Are
Established with an aim to excel in the global market, they offer vast range of
kitchen sinks and sanitary fittings. As a manufacturer and exporter of a wide
assortment of
v
Lavatory Pan
v
Steel Sink
v
Double Bowl
v
Double Drain Sink
v
Double Bowl Single Drain Sink
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Flushing Cisterns
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Single Bowl With Mini Bowl Drain
v
Double Bowl With Mini Bowl Sink
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Single Bowl Sink
v
Single Bowl Mini Bowl With Drain
v
Single Bowl Single Drain
v
S.s. Wash Basin.
they have gained a prominent market presence.
They started seven years ago and slowly expanded their wings to far off
countries. Making rapid progress, today, they have earned “ISO 9001 certification” and “accreditation by the joint
accreditation system of Australia and New Zealand.” Leveraging on their
industrial experience and incorporating the new designs, they enjoy the
goodwill and trust of a wide base of clients worldwide.
Their
Products
They manufacture
a wide array of wash basins and sanitary fittings that is available in
different timeless designs and is made from superior quality stainless steel.
Durable in quality, their range of products come with the following attributes:
• Easy to clean
• Smooth satin polished finish
• Long-lasting
• Captivating designs
• Sound deadening insulation
• Durable
Available in different designs and shapes, their range of wash basins and
sanitary fittings can match the different kinds of décor. Their range comprises
of:
• Lavatory Pan
• Sink
• Double Bowl Double Drain Sink
• Double Bowl Single Drain Sink
• Flushing Cisterns
• Single Bowl With Mini Bowl Drain
• Double Bowl With Mini Bowl Sink
• Single Bowl Sink
• Single Bowl Mini Bowl With Drain
• Single Bowl Single Drain
• S.S. Wash Basin
Quality
Considering
the importance of superior quality products, they have laid a stringent quality
management program at their unit that helps them to provide superior quality
kitchen wash basins. Their success in the industry is the reflection of their
hard work and customer centric approach. Keeping quality as the cornerstone of
their operations, they ensure that their products are tested on various quality
testing parameters that are:
• Smooth finish
• Durability
• Superior design
• Low maintenance
• Sound deadening insulation
They check the quality of their products right from first to last stage that
include: quality testing, designing,
manufacturing, packaging, warehousing and delivery. Their quality
controllers keep a close vigil on the manufacturing process to detect any flaws
in the range. Through their quality centric approach, they gained ISO 9001 certification and accreditation by
the joint accreditation system of Australia and New Zealand.
Their
Designs
A quality
centric team, they are focused towards offering superior designs that conform
to the international standards. They have a pool of designers who give a lot of
heed to the choices of the clients and accordingly design their products.
Incorporating the latest designs, they present a vast collection that can match
the various décor of different kitchens and bathrooms. Using advanced designing
software and facilities, they first design the lay out of the products and then
make prototype. Once the prototype is approved, the designs are sent for mass
production.
Their
Manufacturing Unit
Their
production unit has all the state-of-the-art equipment and machines to handle
various manufacturing processes required for making wash basins. Facilitated
with different advanced machines as well as technology, their in-house
manufacturing unit has been an important strength in success. The different
departments are capable of meeting all the bulk production requirements easily.
They have installed different machines that can work for long hours and
contribute immensely to the production process. Regular oiling and maintenance
of their machines assist them in mass production and ensures them of hindrance
free process.
Research
and Development
Over the years, their aim is to come up with an innovative
range of exclusively designed wash basins. Their R and D team works towards
fulfilling this aim through their constant innovation as well as research and
development process. They have a well equipped unit were all the experiments
and innovative operations are carried out.
Their team of researchers keep themselves involved in the different surveys and
development activities that help them to put forth a superior range of
products. Working 24 x 7, these professionals also suggest them with new ways
to increase their production process.
Packaging
And Warehousing
Packaging Facility
Packaging forms an essential aspect in delivering stainless
steel products. Therefore, they take proper care to offer these wash basins in
safe and durable packaging. Using superior quality corrugated boxes and
thermocol sheets, they offer their products in sturdy packaging that assures
them of scratch free delivery.
Warehouse Facility
Empowered
with different material handling equipment, they have a well constructed and
spacious warehouse. Their unit is built in a wide area and can easily store a large
number of products. The segregation of the warehouse in different units help in
storing alike products together which results in avoiding wastage of time and
energy.
Their
Manpower
They are
backed by a proficient workforce that is committed to quality and constant
product development. Their team comprises of skilled and experienced engineers,
quality inspectors, technical experts, designers, marketing managers, logistics
personnel, packaging and warehousing experts. Their professionals work round the
clock to keep themselves abreast with latest technologies in the market.
Manned by a team of highly qualified and competent professionals, they are
aimed towards achieving complete customer satisfaction. Grounded to roots of
dedication, determination and sheer hard work, their team members are committed
to meet the increasing demands of the industry.
Clients
With the
passage of time, they have emerged as a reliable manufacturer and exporter of
stainless steel Kitchen sink. Following a consistent quality based program,
they have put forth a wide range of products that cater to a wide base of
clients from different parts of the world. Driven by their ideas and
innovations, they have grown and expanded their wings to far off countries.
v
Double Bowl Double
Drain Sink
v
Double Bowl Single
Drain Sink
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Single Bowl With
Mini Bowl Drain
v
Double Bowl With
Mini Bowl Sink
v
Single Bowl Mini
Bowl With Drain
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.45.12 |
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UK Pound |
1 |
Rs.79.60 |
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Euro |
1 |
Rs.63.83 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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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