|
|
|
Country |
|
|
Company Name |
VISWA
INFRAASTRUCTURE |
Principal Name 1 |
Mrs. Muthu Gnana Chitra |
|
Status |
Satisfactory |
Principal Name 2 |
-- |
|
|
|
Registration # |
33331324833 |
|
Street Address |
No..193, Vannier
Street, Padi, Near Britannia Industries, Chennai – 600050, Tamil Nadu. |
||
|
Established Date |
2008 |
SIC Code |
-- |
|
Telephone# |
91-44-42846467 |
Business Style 1 |
Manufacturer |
|
Fax # |
-- |
Business Style 2 |
Trader |
|
Homepage |
Product Name 1 |
Air Compressors |
|
|
# of employees |
15
(Approximately) |
Product Name 2 |
Air Dryers |
|
Paid up capital |
No |
Product Name 3 |
Drain Valves |
|
Shareholders |
No |
Banking |
ICICI bank |
|
Public Limited Corp. |
No |
Business Period |
3 Year |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Sister
concern |
|
Aditya
Technologies |
-- |
|
Note |
- |
||
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
-- |
Current Liabilities |
-- |
|
Inventories |
-- |
Long-term Liabilities |
-- |
|
Fixed Assets |
-- |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
-- |
|
Invest& other Assets |
-- |
Retained Earnings |
-- |
|
|
|
Net Worth |
-- |
|
Total Assets |
-- |
Total Liab. & Equity |
-- |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
10,000,000/- |
Net Profit |
-- |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
|
Report Date : |
09.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
VISWA INFRAASTRUCTURE |
|
|
|
|
Registered
Office : |
No..193, Vannier Street, Padi, Near Britannia Industries, Chennai –
600050, Tamil Nadu. |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Year of
Establishment : |
2008 |
|
|
|
|
Com. Reg. No.: |
33331324833 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Manufacturer, Trader and Importer of air compressors and rental of air
compressor and machinery |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietory concern having satisfactory
track. Trade relations 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 dealing at usual
trade terms and conditions. |
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Bashyam |
|
Designation : |
Sales Executive |
|
Contact No.: |
91-44-42846467 |
|
Date : |
08.08.2011 |
LOCATIONS
|
Registered Office / Factory : |
No..193, Vannier Street, Padi, Near Britannia Industries, Chennai –
600050, Tamil |
|
Tel. No.: |
91-44-42846467 / 66321161 |
|
Mobile No.: |
91-9840035979 / 9380545979 (Mr. G Krishna Kumar) |
|
Fax No.: |
91-44-42846467 |
|
E-Mail : |
|
|
Website : |
SOLE PROPRIETOR
|
Name : |
Mrs. Muthu Gnana Chitra |
|
Designation : |
Proprietor |
KEY EXECUTIVES
|
Name : |
Mr. Bashyam |
|
Designation : |
Sales Executive |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Importer of air compressors and rental of air
compressor and machinery |
|
|
|
|
Products : |
|
|
|
|
|
Imports : |
|
|
Products : |
Thinking of importing Machinery |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
15 (Approximately) |
|
|
|
|
Bankers : |
ICICI Bank, Anna Nagar Branch, Chennai – 6000040, Tamil |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Aditya Technologies, Address : No..193, Vannier
Street, Padi, Near Britannia Industries Padi, Chennai – 600050, Tamil Activities
: Manufacturer Trader and Importer of air
compressors and rental of air compressor and machinery |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not divulged |
|
Borrowed : |
Not divulged |
|
Total : |
-- |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
10.000 |
The above information has been parted by
Mr. Bashyam.
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or Registry
Records.
LOCAL AGENCY FURTHER INFORMATION
Viswa
Infrastructure
This is a proprietorship firm started in the year 2008. The
firm was started under the guidance of Mr. Krishna Kumar in the name of Mrs.
Muthugnana Chitrakumar. She however is only a dormant proprietor and Mr.
Krihsna Kumar takes care of everything. The firm was started as an offshoot to
Aditya Technologies based at Chennai for corporate reasons. The firm is engaged
in the manufacture of air compressors, air dryers, pneumatic products,
hydraulic products, hoses, air filters, oil filters, and other spare parts. The
firm also offer services for maintenance, operational training and rental of
air compressors and dryers. Clients also contact them for pre buying
consultancy that helps them in saving capital and running costs. The
professionals of the firm hold expertise in customizing the products on the
basis of different parameters and in compliance with the client’s requirements.
Once the orders are prepared, they see to the timely Delivery through cargo and
ship. Custom packaging is also offered for the orders. The services and
products of this firm are used by clients in the entire Indian sub continent.
More details on the products and services of this firm can be seen on the
parent company’s website that is listed below. The website provides you a
details information on its products, their specialties, its uses and other
details on the management team. Rental of compressors and other industrial
machinery is a new feature of this firm and is being used by a large number of
clients in
Now, the compressors manufactured by this firm have a very good reputation and
is in demand. However in recent electronic fair the firm found that
The turnover of the firm is about Rs.10.000 Millions a year. Their bankers are
ICICI Bank, Anna Nagar, Chennai 600040. While they say that they are a cash
rich company and have no dearth of funds, it is not possible to assess the
financial strength of the firm. Caution advised in all financial dealings with
them. Alternatively obtain a bank
report from ICICI Bank Limited, Anna Nagar Branch, Chennai 600041.
A reputed, small firm that is engaged in the rental of compressors. They are
leaders in that many firms do not offer rental of machinery.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.96 |
|
|
1 |
Rs.73.94 |
|
Euro |
1 |
Rs.64.56 |
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 |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.