MIRA
INFORM REPORT
|
Report Date : |
17.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
STAR ENTERPRISES |
|
|
|
|
Registered Office : |
T Block, S-15, Princess Indl. Complex, MIDC, Bhosari B/h, Suva rna
Fiber Company, Pune – 410 001, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2008 |
|
|
|
|
Year of Establishment : |
2001 |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AGKPR4606D |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business : |
Manufacturer of Various Engineering precision products and jigs and
fixtures. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small concern in its filed. The concern is expressed to
do well in current year. 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
|
Name : |
Mr. Ravi Raskar |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9850098954 |
|
Date : |
01.09.2008 |
LOCATIONS
|
Registered Office / Factory : |
T Block, S-15, Princess Indl. Complex, MIDC, Bhosari B/h, Suva rna
Fiber Company, Pune – 410 001, Maharashtra, India |
|
Tel. No.: |
91-98-50098954 |
|
Mobile No.: |
91-9850098954 |
|
E-Mail : |
|
|
Area : |
2000 Sq. ft. |
|
Location : |
Rented |
|
|
|
|
Branch Office : |
J/Block, S-, Princess Indl. Complex, MIDC, Pune - 411 001, Maharashtra, India |
|
Area : |
800 Sq. ft. |
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr. Ravi Raskar |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
30 Years |
|
Qualification : |
D.M.E. |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Various Engineering precision products and jigs and
fixtures. |
|
|
|
|
Products : |
·
Bearing Housing ·
Adaptor ·
Sleeve ·
Fly Wheel Assembly ·
Mounting Bracket ·
Precision Components ·
Jigs and Fixtures ·
Heavy Fabrications |
|
|
|
|
Exports : |
|
|
Products : |
Engineering Products |
|
Countries : |
Sweden |
|
|
|
|
Terms : |
|
|
Selling : |
L/C |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
GENERAL
INFORMATION
|
Customers : |
·
End Users ·
TATA Motors Limited ·
Spa Instruments Private Limited ·
Jayesh Enterprises ·
High Energy Materials Research Laboratory (HEMRL) ·
Relecience ·
Thermax Limited ·
Pinnacale Infrastures Private Limited |
|
|
|
|
No. of Employees : |
38 (In Office 3 and In Factory 15) |
|
|
|
|
Bankers : |
HDFC Bank, Pimpri Branch |
|
|
|
|
Facilities : |
The concern do not enjoy facilities from it’s Banks. |
|
|
|
|
Banking
Relations : |
- |
|
|
|
|
Auditors : |
|
|
Name : |
Lahoti and Company Chartered Accountants |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs.1.000 million (Estimated) |
|
Borrowed : |
- |
|
Total : |
Rs.1.000 million (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
|
31.03.2008 |
|
Sales Turnover |
|
|
2.000 |
Expected Sales (2008-09) : Rs.8.000 millions
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance Chart
|
Parameters |
Details |
|
|
|
|
Existence Verification |
|
|
Name |
STAR ENTERPRISES |
|
|
|
|
Statutory Approvals |
|
|
Legal Status of Firm |
Proprietorship |
|
Income Tax Registration |
AGKPR4606D |
|
VAT/ TIN Registration |
27580594918V |
|
Import Export Code |
3106007770 |
|
Name of Bank |
HDFC Bank |
|
Current Account Number |
04372000003152 |
|
Account Since |
1 Year |
|
|
|
|
Credibility Factors |
|
|
IndiaMART Client Since |
8 Months |
|
|
|
|
Trade Affiliations |
|
|
SSI Registration |
390516015 Dated 2006 |
Trade References
·
Tata Motors, Pune
·
Relecience, Mumbai
·
High Energy Materials Research Laboratory (HEMRL)
Web Details
Profile
Established in the year 1998, Subject is a
professionally managed SSI unit engaged in the manufacturing of various
precision engineering product, precision machined product and jigs and
fixtures. They produce high quality, innovative and durable products that are
supplied to big companies in India like TATA
Motors, Relecience, High Energy Materials Research Laboratory (HEMRL)
etc. Managed by a team of young entrepreneurs with sufficient experience in
this field, they believe in quality,
customer service and professionalism in all the functions. They are open
to customization of products for efficient execution of customers specific
requirements. Being well-equipped, they have two manufacturing units of 5000 and 8000 sq. mtrs. respectively. They
strongly believe in continual improvements and progressive strategies to attain
international rapport as one of the best manufacturers and exporters from
India. They regularly strive to meet the demand of quality, cost and timely
delivery.
Team
An experienced and qualified team is always the hardcore success of any
company. The team of such professionals, for years, has helped them to gain trust
and reliability among the clients. They have qualified quality control
professionals, skilled and semi-skilled staffs and experienced supporting
staffs. The RandD professionals always bring new developments in the products.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.63 |
|
UK Pound |
1 |
Rs.83.76 |
|
Euro |
1 |
Rs.66.49 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|