MIRA
INFORM REPORT
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Report Date : |
16.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
NAMAN ELECTRONICS |
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Registered Office : |
504, Road No. 13, Phase II, Kathwada G I D C, O/s Odhav Octroi Check Post,
Ahmedabad – 382 430, Gujarat |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2007 |
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TAN No : |
AHMN02317A |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer, Exporter and Importer of Pollution Control Equipments,
Wheel and Tyre Servicing Equipments, Air Condition Servicing Equipments,
Injector Testing Equipments, Cleaning Equipments and Lifts. |
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 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. Sanjay Ramani |
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Designation : |
Proprietor |
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Contact No.: |
91-9327799995 |
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Date : |
28.08.2008 |
LOCATIONS
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Registered Office : |
504, Road No. 13, Phase II, Kathwada G I D C, O/s Odhav Octroi Check
Post, Ahmedabad – 382 430, Gujarat, India |
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Tel. No.: |
91-79-22900186 |
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Fax No.: |
91-79-22900186 |
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E-Mail : |
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Website : |
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Area : |
400 Sq. Yard |
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Location : |
Owned |
PROPRIETOR
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Name : |
Mr. Sanjay Ramani |
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Designation : |
Proprietor |
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Date of Birth/Age : |
34 Years |
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Qualification : |
Diploma |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Pollution Control Equipments, Wheel
and Tyre Servicing Equipments, Air Condition Servicing Equipments, Injector
Testing Equipments, Cleaning Equipments and Lifts. |
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Products : |
v
Pollution
Control Equipments o
2 Gas
Analyser o
4 Gas
Analyser o
Smoke Meter v
Wheel and Tyre
Servicing Equipments o
Wheel
Balancer o
Wheel Aligner o
Tyre Changer o
Rim
Straightening Machine v
Air Condition
Servicing Equipments o
A/C Recovery/
Recycling and Recharging v
Injector
Testing Equipments o
Fully
Automatic Microprocessor Base Fuel Injector Machine o
Manual Fuel
Injector Machine v
Cleaning
Equipments and Lifts o
High Pressure
Cleaner o
Vacuum
Cleaner o
Washing Lift o
Two Post Lift
Hydraulic- Imported
o
Four Post
Lift Hydraulic- Imported o
Scissor Lift v
Other
Equipments o
Paint Booth o
Nitrogen
Generator
o
Break Breeder o
Engine Car
Scanner. v
Computerised CCD Wheel Aligner v
Video Graphic Wheel Balancer v
Nitrogen Generator v
HVC Wheel Generator v
Fuel Injector Cleaner and Tester v
Automatic Universal Truck Tyre Changer v
Two Post Car Lift v
Four Post Car Lift. |
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Exports : |
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Products : |
v Pollution
Control Equipments |
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Countries : |
v African
Countries |
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Imports : |
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Products : |
v Raw Materials |
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Countries : |
v Taiwan v China v Germany |
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Terms : |
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Selling : |
L/C, Cash and Credit ( 30 days) |
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Purchasing : |
Cash and Credit ( 30 days) |
GENERAL
INFORMATION
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Customers : |
v Retailers v End Users v
Maruti Udyog Limited v
Tata Motors v
Honda Seal (I) Cars v
Hyundai v
Toyota Motors v
Ford Motors. |
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No. of Employees : |
25 |
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Bankers : |
v ICICI Bank Paladi Branch v HDFC Bank Paladi Branch, Ahmedabad |
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Facilities : |
[The concern do not enjoy facilities from its bankers] |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Munir Shah and Company Chartered Accountants |
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Address : |
Ahmedabad |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.500 millions (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs. 1.500 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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15.000 |
Expected Sales (2008-09): Rs. 25.000 millions
LOCAL AGENCY
FURTHER INFORMATION
Trade References
v
Maruti Udyog Limited – Gurgaon
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Tata Motors – Pune
v
Hyundai - Chennai
As Per Website Details
Servicing
is necessary for the smooth and efficient running of every mechanical and
electronic device. In an endeavour to deliver most sophisticated line of servicing
equipments to the automobile sector, Subject was incorporated in the year 2003.
With the perfect combination of hi-tech machines and highly qualified
workforce, the reputed manufacturer, exporter and supplier offers high quality
automobile servicing equipments, tools, electronic spares and PCBs. They are
also engaged in the import of many utility providing items such as Computerised
CCD Wheel Aligner, Video Graphic Wheel Balancer, Nitrogen/HVC Wheel Generator,
Two/Four Post Car Lift, etc.
The
wide range of products, superior quality and economical prices has helped them
earn a dignified reputation in both the domestic and global market. They are
known for the healthy trade practices and client oriented approaches in the
entire business community.
Team Profile
They are professionally managed by a group of highly experienced professionals
at every level of the operation process. The following is a small detail of the
key personnel:
Mr. Sanjay Ramani: CEO
Mr. Abhay Shah: Works Manager, an Engineering Graduate in Electronics and
Communication and having an experience of more than 10 years in similar
discipline.
Mr. Saurabh Shah: R and D Manager, an Engineering Graduate in Electronics and
Communication and having an experience of more than 8 years in similar
discipline.
Mr. Kalpesh Mehta: Production Engineer, a diploma holder in Electronics and
having an experience of more than 15 years in similar domain.
General Equipments
and Tools
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Multi Jet Part Cleaner |
Hydraulic Trolley Jack 3 Ton |
Engine Stand 1000 lbs. |
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Tools Trolley (Cyan/Red) |
Rigid Jack |
Vol./ Amp. Tester |
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Battery Charger |
Hand Tools |
Hydraulic Trolley Jack 5/ 10 Ton |
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Spark Plug Cleaner and Tester |
Air Circulating Gun |
Washing Pan |
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Timing Light Non contact digital Technometer |
Digital multimeter |
Opamma Tachometer |
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Diesel Compression Tester |
Tech Dual Tester 3 and 4 Cylinders |
Head Light Tester |
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Air Gun |
Spray Gun |
Nozzle Tester |
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Recoil Air Hose 10 mtrs. |
Work Bench |
AC Leak Detection Kit |
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Filter Regulator Lubricator (FRL) |
Two Wheeler Lift (250 kg) |
High Lift Jack |
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Hose Coupler |
Tool Box |
Service Creeper |
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Bench Grinder |
Service Creeper |
Manifold Gauge Set R134A/R12 |
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Balancing Weight |
Battery Carrier |
Fender Cover |
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Infrared Dryer |
Analog Inflator/ Deflator |
Gear Box Jack |
Quality and Infrastructure
They, at Naman Electronics follow stringent quality control norms at every level
of the production process to ensure flawless production. The entire process is
strictly supervised by a team of well trained professionals at every level of
the process that hardly leaves even a marginal possibility of quality
degradation. They employ latest techniques in the process that facilitates
smooth and efficient production from every stage.
The Consumer Base
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Automobile Manufacturers
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Automobile Dealers
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Automobile Workshops
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Tyre Manufacturers/Dealers
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Petrol Pumps
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Fleet Operators
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Railways
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State Transport Undertakings
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Regional Transport Authorities
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Defense Establishments
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Public and Private Sector Companies.
The Sales and Service Network
They are well supported by a strong network of dealers spread at every corner
of the country:
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Ahmedabad
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Mumbai
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Pune
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Kolkata
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New Delhi
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Jaipur
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Indore
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Cochin
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Bangalore
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Patna
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Chandigarh
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Hyderabad
v
Lucknow.
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 :
The 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.
The 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. 46.63 |
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UK Pound |
1 |
Rs. 83.76 |
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Euro |
1 |
Rs. 66.49 |
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 |
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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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, they have no basis upon which to
recommend credit dealings |
No Rating |
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