MIRA INFORM REPORT
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Report Date : |
22.04.2011 |
IDENTIFICATION DETAILS
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Name : |
BLUE SKY SYSTEM |
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Registered Office : |
A-53/2, Amritpuri-A, East of Kailash, |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Year of Establishment : |
1988 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturer, Exporter and Importer of Wrist Strap, heal grounder,
Slipper/Shoes, Floor Mat/Table Mat, Grounding Leads, Plastic Corrugated
Boxes, PCB Rocks, Conductive Foam, Anti Static Pink Transparent Bag,
Conductive Block Bag, Gloves, Anti Static Aprons, ESD Equipments, Anti Static
Equipments. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (46) |
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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 18000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established Partnership concern having satisfactory
track. Trade relation are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Ms. Kiran Kapoor |
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Designation : |
Accounts Department |
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Contact No. : |
91-11-26239410 |
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Date : |
11.04.2011 |
LOCATIONS
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Registered Office /Factory : |
A-53/2, Amritpuri-A, Near 'A' Block Market, East of Kailash, |
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Tel. No.: |
91-11-26239410 / 26901633 / 26417351 / 32433414 |
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Mobile No.: |
91-9312834665 [Mr. Jasbir S Chadda] |
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Fax No.: |
91-11-26239409 |
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E-Mail : |
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Website : |
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Area : |
8000 sq.ft. (Owned) |
PARTNERS
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Name : |
Mr. Jasbir S Chadda |
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Designation : |
Partner |
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Date of Birth/Age : |
67 Years |
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Qualification : |
B. E. |
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Name : |
Mr. Sumeet Chadda |
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Designation : |
Partner |
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Date of Birth/Age : |
35 Years |
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Qualification : |
B. E. |
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Name : |
Mr. K.S. Arora |
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Designation : |
Partner |
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Date of Birth/Age : |
37 Years |
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Qualification : |
Graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Wrist Strap, heal grounder,
Slipper/Shoes, Floor Mat/Table Mat, Grounding Leads, Plastic Corrugated
Boxes, PCB Rocks, Conductive Foam, Anti Static Pink Transparent Bag,
Conductive Block Bag, Gloves, Anti Static Aprons, ESD Equipments, Anti Static
Equipments. |
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Products : |
ESD WORK STATION ACCESSORIES Ř Wrist Strap Ř Heel Grounder Ř Slippers/ Shoes/ Over shoes Ř Floor Mat, Table Mat Ř Grounding Leads Ř Laminate Ř Anti Allergen, Link Free, Flexible, Brass Wrist Strap
With, TWIN PARALLEL Ř COIL CORD Ř Common Point Grounding Lead Ř Static Dissipative, Extra Light, Very comfortable
Slippons ESD SAFE STORAGE Ř Plastic Corrugated Boxes Ř PCB Racks Ř Conductive Foam/ Anti- Static Foam Ř Bins, Crates & Component Organiser ESD SAFE PACKING Ř Anti Static Pink Transparent Bag Ř Static Shielding Mettalized Bag Ř Conductive Black Bag Ř Anti- Static Air Bubble Bag Ř Anti- Static Foam (Expended Polythene) Bag
Ř Gloves/ Finger Cot Ř Anti- Static Aprons Ř Anti- Static Sprays Ř ESD Safe Work Station Ř Anti- Static Cleaning Detergent Ř ESD Safe Chair Ř ESD Field Service Kit Ř Static Area Eliminator |
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Exports : |
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Countries : |
Ř
Ř
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Imports : |
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Products : |
Raw Materials |
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Countries : |
Ř
Ř
Ř
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL INFORMATION
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Customers : |
Ř Industrialist
Ř Avery
India Limited Ř Adhunik
Power Systems (Private) Limited Ř Astro
Tech Ř Anu
Auto Industries Private Limited Ř AVK-SEG
and Controls ( Ř
Accurate Meters Limited Ř
Bharti Telecom - Ř Benning
Smc Power System Private Limited Ř Barco
Electronics System (Private) Limited Ř Bharat
Electronics Limited- Kotdwara Ř Calcom
Vision Limited Ř C.
Dot Ř Deltron
Limited Ř Ř Denso
India Limited Ř Dalmia
Elect Corporation Ř ECE
Industries Limited Ř Flash
Elecrtonics India Private Limited Ř Genus
Overseas Electronics Ř Instel
Engineering Ř India
Air Lines Limited Ř Kushanga
Appreal Private Limited Ř LG
Electronics India Private Limited Ř Modern
Instrument Private Limited Ř Pulse
Engineering Ř Philips
India Limited Ř Proview
Electronics Ř Roskwin
Flowmeter Ř SGS
Tekniks Private Limited Ř TTL
Limited Ř Semi
Conductor Complex Ř Super
Cassette Ř Saraswati
Dynamics Private Limited Ř Samtal
India Limited Ř Tritronics
India Private Limited Ř HCL
Infosystem Limited Ř ITI
Rae Bareli Ř ITI
Naini Ř Indo
Asian Fuse and Gear Limited Ř Timex
Watches Limited Ř Tancom
Electronics Ř TEI
Technologies Private Limited Ř Sukam
Commu. System Limited Ř XO
Infotech Limited |
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No. of Employees : |
25 (Approximately) |
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Bankers : |
Ř
State Bank of Ř
Kotak Mahindra Bank Limited, C. Palace, Ř
ICICI Bank, C Palace, |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditor : |
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Name : |
Sandeep Gupta And Company Chartered Accountant |
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Brand: |
“State Fighter”, Sector, “ Blue Sky” |
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Associates/Subsidiaries : |
American CT Technology India Private Limited |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 4.500 Millions (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs. 4.500 Millions (Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2011 |
31.03.2010 |
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Sales Turnover (Approximately) |
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100.000 |
45.000 |
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LOCAL AGENCY FURTHER INFORMATION
Trade References:
v
Bright Point Private Limited –
v
HCL India Limited
v
Nokia Care India Private Limited
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.44.30 |
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1 |
Rs.72.92 |
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Euro |
1 |
Rs.64.69 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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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 |
YES |
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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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46 |
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 |
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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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.