MIRA
INFORM REPORT
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Report Date : |
19.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
UMA SHANKAR ENGINEERS |
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Registered Office : |
C – 143, Okhla Industrial Area, Phase – I, New Delhi – 110020. |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
27.08.1960 |
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IEC No.: |
0507020006 |
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PAN No.: [Permanent
Account No.] |
AMEPS2119J |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of Heat Treatment Products. |
RATING and
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 12000 |
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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 having satisfactory
track. Proprietor is reported as experienced and respectable businessman.
Trade relations are reported as fair. Business is active. 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.Vinod |
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Designation : |
Accountant |
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Date : |
18.09.2008 |
LOCATIONS
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Registered Office : |
C – 143,Okhla Industrial Area, Phase – I, New Delhi – 110020,India |
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Tel. No.: |
91-11-41613675 / 40503141 |
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Mobile No.: |
91-9810188622 / 9871701133 |
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Fax No.: |
91-11-40503141 |
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E-Mail : |
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Website : |
www.umashankarinternational.com |
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Area : |
300sq.fts |
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Location : |
Rented |
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Factory 1 : |
B – 187, Okhla Industrial Area ,Phase – I,New Delhi -110020 |
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Area : |
2000sq.fts |
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Location : |
Rented |
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Branches : |
Ludhiana,Punjab |
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Area : |
300sq.fts |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Avtar Singh |
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Designation : |
Proprietor |
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Address : |
K-62 A,2nd Floor,Kalkaji,New Delhi – 110019,India |
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Age : |
49 Years |
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Qualification : |
Diploma Holder |
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Tel.No. / Email: |
91-11-26294666 |
KEY EXECUTIVES
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Name : |
Mr. Raghbir Singh |
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Designation : |
Business Associate Consultants |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Heat Treatment Products |
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Products : |
v Melting and Heating Treatment Furnaces v Hot Water Generators v Hot Air Generators v Conveyor System Plant v Sealed Quench Furnaces v Material Handling Conveyor v Powder Coating Plants v Electro Static Gun v Steam Boilers |
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Exports : |
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Countries : |
v Nepal v Bhutan |
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Imports : |
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Products : |
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Countries : |
v Italy |
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Terms : |
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Selling : |
Credit ,Cheque |
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Purchasing : |
Credit (30 – 60 days) |
GENERAL
INFORMATION
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Customers : |
v
Surie
Polex ,New Delhi v G.S.P Structure,Jammu v K.D.Pandey and Brothers,Ghaziabad v Larsen and Toubro Limited ,New
Delhi v Larsen and Toubro Limited
,Chennai v Kamal Enviroteh Private Limited
,New Delhi v Jankidas and Sons Private
Limited ,Sonepat v Anand Electro Projects,Noida v Sage Metals Limited,Rajasthan v Q.H.Talbros Limited , Manesar v Vishwkarma MFG Company,New
Delhi v India International
Exporter,Moradabad v K.S.Technosafe Private Limited
,Kanpur v Shree Enterprises,Sonepat v Bagga Brothers,Haridwar v Chromwell Industries,Faridabad v Khumba Metal,Faridabad v Super Wire Industries,Faridabad v Uni Parts India Limited ,Noida v Vasudev Enterprises,Chandigarh v
Surya
Scientifin Industries,Bahadurgarh v
Goyal
Engineering Company,Ghaziabad v
S.
S Enterprises,Faridabad v
Gulshan
Bajaj Industries,Sirsapur v
K.
K Spun Pipes,Ballabgarh v
A.S
Udyog,Ambala Cant v
Globe
Engineering Industries,Faridabad v
Metro
Sanitation,Delhi v
Super
Bright Plasters,Faridabad v
Sun
Shine Coaters,Faridabad v
Finest
Promoters Private Limited,Gurgaon v
Auto
and General Casting Private Limited ,New Delhi v
Dashmesh
Enterprises,Ludhiana v
Neo
Colors INC,Sahibabad v
Versa
Enterprises,Faridabad v
MSR
Enterprises,Selu v
Metelonics
Private Limited,Chandigarh v
Flying
Colors INC,Gurgaon v
Mentor
Graphics I Private Limited,Noida v
Rajhans
Pressing Private Limited ,Faridabad v
Swastik
Engineers India,New Delhi v
Yantrika
Instrument Private Limited ,New Delhi v
Premimum
Systems,New Delhi v
Surie
Polex,Himachal |
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No. of Employees : |
20 (in office + in factory + in branch) |
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Bankers : |
ICICI Bank E-568,Greater Kailash – II,New Delhi – 110001,India |
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Facilities : |
Overdraft of Rs.0.200 million |
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Banking Relations
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Satisfactory |
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Auditors : |
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Name : |
Mr.Anup Chatterjee Chartered Accountant Delhi |
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Sister Concerns : |
Kumar Shankar International C – 143,Okhla Industrial Area, Phase – I, New Delhi – 110020,India |
CAPITAL STRUCTURE
As on 31.03.2007
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Capital
Investment : |
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Owned : |
Rs.3.000 millions |
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Borrowed : |
- |
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Total : |
Rs.3.000 millions |
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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250.000 |
Expected Sales (2008-09) : Rs.300.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART
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Parameters |
Detail |
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Existence Verification |
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Name |
UMA SHANKAR ENGINEERS |
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Statutory Approvals |
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Legal Status of Firm |
Proprietorship Firm |
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Income Tax Registration |
AMEPS2119J |
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VAT / TIN Registration |
07180273234 |
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Import Export Code |
0507020006 |
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Name of Bank |
ICICI Bank |
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Current account Number |
031105000690 |
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Account Since |
3 years |
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Creditability Factors |
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India Mart Client Since |
2 years |
Trade References:
v Superwires,
Foridaba
v
Uniparts, Noida
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Kanpur, Muradabad, Aurangabad
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L and T
v
Suripolex,India
Website Details Attached:
Company Profile:
Subject is one of the dynamic companies,
which is engaged in offering cost effective and proven solution to all water
related hazards through their range of process heat equipment. Their massive
range of heat treatment products cater to both automotive and non automotive
industrial requirements of metal treatment like-hardening, annealing,
quenching, melting, chemical washing, salt bathing etc.
They are an emerging market leader in the field of Thermal Engineering. With in
a short span of time, they have built a strong reputation among their clients
for high quality thermal engineering systems. With commitment to dedication,
they endeavor to reach the pinnacle of excellence by offering customized
products to their clients all across the globe.
They are geared to utilize their capabilities so as to expand their growth in
the industry. Through continual research and development, they comprehend the
value of innovation and work towards overhauling their processes.
Industries, They
Serve
Their products are
used in various industries and processes such as:
- Fasteners
- Automotive
- Forgings
- Castings
- Steel
- Surgical
- Textile
Their
Infrastructure
The strong foundation
of their success rests upon their well laid infrastructure. They are equipped
with various machines and sophisticated equipment to carry forth the
manufacturing process. They adopt state-of-the-art technology in the refractory
insulation and heating system. They use total SCADA Package, man machine
interface for complete automation of the entire heat treatment plant.
Their robust infrastructure ensures them to manufacture the
products range with minimum defects. Some of the various machines that they use
in their production process are:
- Drilling Machine
- Drilling Machine
- Grinding Machine
- Power Cutting Machine
- Arch Welding Machine
- Sharing & Bending Machine
In addition to
employing state-of-the-art technology in refractory insulation, heating systems,
they use sophisticated instrumentation, control systems as well as material
handling systems, both bought out and indigenously developed in house.
Quality Assurance
Quality is their
forte and they never take a chance with it. They take immense care toward
developing a product range , which can meet the international standards of
quality. Their engineers use modern equipment to perform tests on designed
equipment to ensure their quality. Their quality control personnel run quality
checks and rigorously check the performance and durability oriented features of
machines as a whole.
Research and
Development
They carry out
extensive research and development to keep ourselves abreast with the latest
technological advancements in the industry. They ensure that they undertake
sufficient training and development programs to keep their technocrats well
acquainted with the recent changes. This also makes them skilled to adopt these
newer techniques so as to develop a comprehensive and improved range of
products.
Wide Distribution
Network
They have a wide
distribution network and their association with reliable C&F agents ensure
them of safe and in time delivery of their products at the final destination.
They also keep a strict vigil on their shipping, documentation and forwarding
services and follow comprehensive procedures regarding documentation, shipping
lines and airlines. All this helps them in developing a cordial relationship
with their clients because through their value added services, they are able to
serve them with defect free products within stipulated frame of time.
Clientèle
Owing to their
manufacture of best quality equipment, they are a well known name in the international
market, enjoying a huge market share and catering to the needs of thousands of
their clients. With years of experience and excellent expertise in the field,
they have successfully created a new level of confidence among their customers
both national and international, offering them world class products at industry
leading prices.
Why Them?
Some of the
reasons that give them a competitive edge over other market players are:
- Premium Quality Products
- Quality check as per international standards
- Innovation through Research & Development
- Reliability through proven track record
- Delivery with in stipulated frame of time
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.46.71 |
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UK Pound |
1 |
Rs.85.12 |
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Euro |
1 |
Rs.66.98 |
SCORE and 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 |
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 |
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 and 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 and 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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