MIRA
INFORM REPORT
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Report Date : |
23.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
NATIONAL RESISTORS |
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Registered Office : |
Flat No.15, Rasika Housing Society, R H 54, G Block, MIDC, Pune – 411019,
Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2004 |
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IEC No.: |
3107009156 |
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PAN No.: [Permanent
Account No.] |
AAFFN0778F |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Manufacturer and Supplier of Industrial Electrical Equipment. |
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 2500 |
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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 steady business. 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. Vishvanath N. Jetithar |
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Designation : |
Partner |
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Contact No.: |
91-9226574323 |
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Date : |
04.09.2008 |
LOCATIONS
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Registered Office : |
Flat No.15, Rasika Housing Society, R H 54, G Block, MIDC, Pune –
411019, Maharashtra, India |
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Tel. No.: |
91-20-27492231/ 64102003 |
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Mobile No.: |
91-9226574323/ 9226740802/ 9822434528 |
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Fax No.: |
91-20-27492231 |
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E-Mail : |
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Website : |
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Area : |
550 sq. ft. |
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Location : |
Owned |
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Shop Office/ Factory 1: |
Shop No.26, Jijhamata Market, MIDC Shahee Nagar, Chinchwad, Pune –
411019, Maharashtra, India |
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Area : |
300 sq. ft. |
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Location : |
Rented |
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Factory 1: |
MIDC, Bhosari Pune, Maharashtra, India |
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Area : |
3000 sq. ft. |
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Location : |
Rented |
PARTNERS
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Name : |
Mr. Vishvanath N. Jetithar |
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Designation : |
Partner |
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Date of Birth/Age : |
40 years |
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Qualification : |
Electrical Engineer |
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Name : |
Mr. Vijay B. Patil |
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Designation : |
Partner |
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Date of Birth/Age : |
42 years |
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Qualification : |
Mechanical Engineer |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Supplier of Industrial Electrical Equipment. |
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Products : |
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Exports : |
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Products : |
Electrical Equipment |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit (30 days) |
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Purchasing : |
Cash and Credit (Depends on the relations) |
GENERAL
INFORMATION
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Customers : |
Wholesalers Retailers
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No. of Employees : |
11 (Factory – 7 and Shop – 4) |
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Bankers : |
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Facilities : |
The concern donot enjoy facility from its Banks. |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
S. M. Bhuja and Company Chartered Accountant |
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Address : |
Pune |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.0.500 Million (Estimated) |
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Borrowed : |
- |
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Total : |
Rs.0.500 Million (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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3.800 |
Expected Sales (2008-09): Rs.8.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART
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Parameters |
Details |
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Existence
Verification |
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Name |
National Resistors |
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Statutory Approvals |
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Legal Status of Firm |
Partnership |
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Income Tax Registration |
AAFFN0778F |
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VAT/ TIN Registration |
27320533757V |
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Import Export Code |
3107009156 |
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Name of Bank |
Dena Bank, Kotak Mahindra Bank |
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Current Account Number |
4402 |
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Account Since |
1 ˝ 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 |
111958727 Date: 29.05.2006 |
Trade Reference:
- Reliance
Communication Energy
- Siemens, Saudi
Arabia
- Larsen and
Tubro Limited, Mumbai
Website Details:
Profile:
Established in the year 2004, they introduce as an eminent
manufacturer and supplier of industrial electrical equipment. In a short span
of time, they have stood ahead of their competitors in the electrical industry
on various parameters like: quality in work, durable as well as high performing
range of products, ability to meet the deadlines & to handle bulk orders
easily.
They design, manufacture & offer a range of industrial electrical equipment
that are the outcome of an unrivaled combination of experience and latest
resistor technologies. Designed to offer maximum utility, they offer a range
that comprises of: Neutral Grounding / Earthing Resistors, Starting / Speed
Control / Buffer Resistor for Motors, Battery Discharge Resistor and Dynamic
Breaking Resistor.
They deal in manufacturing and supply of neutral grounding/earthing resistors
upto 33 KV, Isolators upto 33 KV and any types of resistors like buffer resistors
and load banks, etc.
Team:
The company is headed by an experienced and dedicated team
of professionals making continual efforts to offer optimum functioning. They
have a highly resourceful team of professionals comprising of:
- Engineers
- Control panelists
- Designers
- Quality inspectors
- Technicians
- Sales support
- Administrative
- Sales and marketing
- Managerial
The team members are well versed with the different with the
process involved in the manufacturing of resistors and panels. Their unremitting
efforts are paid off in the form of appreciation acquired from a contended list
of clients across the domestic as well as international arena.
They are able to respond promptly to any product related query and offer
customary maintenance & trouble shooting services at market prices. They
also take care of any defects faced in the functioning, making sure that they
address to the client grievances promptly.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.40 |
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UK Pound |
1 |
Rs.83.15 |
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Euro |
1 |
Rs.65.74 |
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 |
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 & 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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