MIRA INFORM REPORT

 

 

 

Report Date :

22.09.2008

 

IDENTIFICATION DETAILS

 

Name :

ETS INTARLAKEN TECHNOLOGIES

 

 

Registered Office :

5th Floor, 117 B T Road, Kolkata – 700 108, West Bengal

 

 

Country :

India

 

 

Financials (as on) :

31.03.2008 (Estimated)

 

 

Date of Incorporation :

01.01.1993

 

 

Com. Reg. No.:

CP/8617A

 

 

IEC No.:

0200001710

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CALE02779A

 

 

PAN No.:

[Permanent Account No.]

AABFE4083G

 

 

Legal Form :

Partnership Concern with an Unlimited Liability of the Partners.  

 

 

Line of Business :

Manufacturer and Exporter of “ETS” Universal Testing Machine, “ETS“ Compression Testing Machine , “ETS” Pendulum, Impact Tester, “ETS” Torsion Testing Machine

 

 

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 :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

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.

 

 

LOCATIONS

 

Registered Office :

5th Floor, 117 B T Road, Kolkata – 700 108, West Bengal, India

Tel. No.:

91-33-25770637 / 25772260

Mobile No.:

91-9830020224

Fax No.:

91-33-25772260 / 25770637

E-Mail :

etsin@satyam.net.in

Website :

www.ets-test-equipments.com

www.ets-testingmachines.com

Area :

780 Sq.fts

Location :

Owned

 

 

Factory :

Narkeldanga North Road, Kolkata, West Bengal, India

Tel. No.:

91-33-23514839

Fax No.:

91-33-23514839

Area :

2200 Sq.fts

Location :

Rented

 

 

PARTNERS

 

Name :

Mr. Tapan Bose

Designation :

Partner

Address :

Sovabazar, Kolkata, West Bengal, India

Age :

54 years

Qualification :

Graduate

Experience :

25 years

 

 

Name :

Mrs. Indrani Bose

Designation :

Partner

Address :

117, B T Road, Kolkata – 700 108, West Bengal, India

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of “ETS” Universal Testing Machine, “ETS“ Compression Testing Machine , “ETS” Pendulum, Impact Tester, “ETS” Torsion Testing Machine

 

 

Exports :

 

Products :

Materials Testing Machines

 

 

GENERAL INFORMATION

 

No. of Employees :

25 (5 in Office and 20 in Factory)

 

 

Bankers :

·         Axis Bank Limited, Dunlop Branch, 101A/1, B T Road, Kolkata – 700 090, West Bengal, India

 

·         State Bank of India, Bonhooghly Industrial Estate Branch, Kolkata, West Bengal, India

 

 

Banking Relations :

Satisfactory

 

 

Auditors :

 

Name :

Mr. S Singha

Chartered Accountants 

 

 

Associates/Subsidiaries :

Nil

 

 

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

(Estimated)

 

 

 

 

Sales Turnover

 

 

15.000

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

TRUSTSEAL ACCEPTANCE CHART

 

Parameters

Detail

Existence Verification

 

Name

ETS INTARLAKEN TECHNOLOGIES

Address

5th Floor, 117 B T Road, Kolkata – 700 108, West Bengal, India

Phone Numbers

91-33-25770637

Fax Number

91-33-25772260

 

 

Statutory Approvals

 

Legal Status of Firm

Partnership Firm

Income Tax Registration

AABFE4083G

Central Sales Tax Registration

19320678251

State Sales Tax registration

19320678057

VAT / TIN Registration

19320678057

Import Export Code

0200001710

Name of Bank

·         Axis Bank Limited

·         State Bank of India

Current account Number

(Axis Bank Limited )

Current A/C : 236010200001311

 

(State Bank of India)

A/C No.: 01050070147

Account Since

2004

 

 

Standards and Certifications

 

Quality Management Systems

ISO 9001 : 2000

 

 

WEBSITE DETAILS:-

 

Subject manufactures testing equipment and testing machine like compression testing machine, tensile testing machine, universal testing machine for industries such as Metal, Rubber, Plastic, Leather and Footwear, Textile, Paint and Coating, Concrete, Oil and Petroleum, Wood and Plywood and others. They also specialize in designing and manufacturing Testing Equipments and Materials testing Machines to customers' specifications.


Their concern employs high professional technology standards aimed at entire preneurial excellence and is committed to provide reliable testing equipments and machines to its customers which come from different industries. Their unique combination of adept workmanship, state of the art equipment, strict monitoring and quality control, assure high performance and reliable testing equipments and machines.


Products
They are one of the leading manufacturers and exporters of testing machines such as compression testing machine, tensile testing machine, universal testing machine for Metal, Rubber, Plastic, Leather and Footwear, Textile, Paint and Coating, Concrete, Oil and Petroleum, Wood and Plywood and others. Their broad assortment of products includes :


Testing Equipment :

·         Metal Testing Equipment

·         Rubber Testing Equipment

·         Plastic Testing Equipment

·         Leather/Footwear Testing Equipment

·         Textile Testing Equipment

·         Paint Testing Equipment

·         Concrete Testing Equipment

·         Oil/Petroleum Testing Equipment

·         Wood/Plywood Testing Equipment

 

Infrastructure
One of the success is the strong infrastructure. Apart from processing the complete garnet of facilities required for a comprehensive manufacturing system, they also process a team of professionals who work in fully equipped laboratories. Their core competency is their skillful worker and their well equipped lab and their infrastructure that's why we are one of the leaders in testing equipments and machines industries.

 

Product Range

·         Metal Testing Equipment     

·         Paper Testing Equipment     

·         Wood Testing Equipment

·         Petroleum Testing Equipment          

·         Concrete Testing Equipment

·         Paint Testing Equipment

·         Textile Testing Equipment    

·         Plastic Testing Equipment   

·         Leather Testing Equipment

·         Rubber Testing Equipment               

 

They specialize in

·         Universal Tensile Tester       

·         Compression Testing Machine         

 

 

 

 

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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.32

UK Pound

1

Rs.83.57

Euro

1

Rs.65.90

 

 

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

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions