MIRA
INFORM REPORT
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Report Date : |
12.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
POWER AND CONTROL |
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Registered Office : |
11/12, Neelgiri Industrial Estate, 183, Tackersey Jivraj Marg, Sewri
(West), Mumbai – 400015, Maharashtra. |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1982 |
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IEC No.: |
0394023064 |
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PAN No.: [Permanent
Account No.] |
ABZPN8170G |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporters of Pole M Trip Switch with socket 45, 3pole
N Switch with Socket Plane Etc. |
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 5000 |
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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. Ashven C. Gandhi |
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Designation : |
Proprietor |
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Contact No.: |
91-9821163549 |
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Date : |
28.08.2008 |
LOCATIONS
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Registered Office : |
11/12, Neelgiri Industrial Estate, 183, Tackersey Jivraj Marg, Sewri
(West), Mumbai – 400015, Maharashtra, India |
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Tel. No.: |
91-22- 24139580/ 24154832 |
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Mobile No.: |
91-9821163549 |
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E-Mail : |
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Area : |
1400 sq ft |
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Location : |
Owned |
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Factory : |
A422/ MIDC, TTC, Mahaphe |
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Area : |
27000 sq ft |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Ashvin Gandhi |
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Designation : |
Proprietor |
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Date of Birth/Age : |
60 Years |
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Qualification : |
Engineer |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporters of Pole M Trip Switch with socket 45, 3pole
N Switch with Socket Plane Etc. |
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Products : |
· 440V
- 3 P - 4 PIN Reefer Plug · 440
V - 3 P - 4 PIN Reefer Plug · 220
/ 440 V - 3 P - 4 PIN Reefer Plug · 220V
- 3 P - 4 PIN Reefer Plug · 220V
- 3 P - 4 PIN Polycarbonate Socket · 440V
- 3 P - 4 PIN Polycarbonate Socket |
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Exports : |
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Products : |
Switch and Socket |
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Countries : |
Sri- Lanka, Singapore, Korea |
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Terms : |
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Selling : |
Credit (30 Days) |
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Purchasing : |
L/C and Credit |
GENERAL
INFORMATION
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Customers : |
·
End Users and Other ·
Delship Services (Private) Limited Sri Lanka ·
Evergreen Shipping Limited Singapore ·
Gujarat Pipavav Port Limited Pipavav ·
American President Lines, Mumbai / Singapore ·
Hundai Shipping Limited, Korea ·
B. Boda Surveyors Private Limited, Chennai ·
Jawaharlal Nehru Port Trust, Nava Sheva ·
Mumbai Port Trust, Mumbai ·
Barber Ship Management, Norway ·
Nava Sheva International Container Terminal Limited, Nava ·
Orient Shipping Co. Limited Mumbai ·
P & O Nedlloyd Private Limited Mumbai ·
Paradip Port Trust, Vishakapattanam ·
Seabridge Maritime Agencies Private Limited Calcutta ·
Smith Ocean Reffer Container Services Private Limited
Mumbai |
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No. of Employees : |
11 (Office – 4, Factory - 7) |
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Bankers : |
Bank of Baroda, Tackersey Jivraj Marg |
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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 : |
Wadiwala and Company Chartered Accountant |
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Address : |
Mumbai |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.1.000 Millions (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs.1.000 Millions (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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10.000 |
Expected Sales (2008-09) : More than Rs.10.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCE
·
Gujarat Pipavav Part Limited – Pipavav
·
Mumbai Part Trust – Mumbai
Trustseal Acceptance
Chart
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Existence Verification |
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Name |
POWER AND CONTROL |
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Statutory Approvals |
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Legal Status of Firm |
Proprietorship Concern |
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Income Tax Registration |
ABZPN8170G |
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VAT/ TIN Registration |
27620024051V |
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Import Export Code |
0394023064 |
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Name of Bank |
Bank of Baroda |
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Current Account Number |
27940200001456 |
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Account Since |
26 Years |
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Credibility Factors |
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IndiaMART Client Since |
2 Years |
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Trade Affiliations |
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SSI Registration |
112485638 |
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Standards & Certifications |
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Quality Management Systems (ISO) |
3356- 2007-AQ-IND-NABCB, dated 08.05.2007 to 18.05.2010 |
WEB DETAILS
ATTACHED
PROFILE
They started their journey in
1998, with designing, fabricating, manufacturing and exporting polycarbonate
reefer plugs and polycarbonate sockets for marine and industrial applications. All
their products they manufacture confirm the quality standards mentioned by the
company, and thus they are able to provide quality products as per the
requirements of the clients. They are based in Mumbai, and the strategic
location of the place enables them to flourish their business and ease in
supplying and exporting their products. Locating in Mumbai also has an
advantage, that is, easy access to the local, national and international
markets to obtain the raw materials for the purpose of manufacturing
polycarbonate electrical components. They aim to be the market leaders in the
coming years in terms of customer satisfaction and quality management. So, they
are making constant effort to enhance their capabilities and potentials for the
better tomorrow.
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.45.44 |
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UK Pound |
1 |
Rs.79.62 |
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Euro |
1 |
Rs.63.48 |
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 |
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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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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