MIRA
INFORM REPORT
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Report Date : |
07.06.2011 |
IDENTIFICATION DETAILS
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Name : |
NAMAN ELECTRONICS |
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Registered Office : |
504, Road No. 13, Phase II, Kathwada G I D C, O/s Odhav Octroi Check
Post, Ahmedabad – 382 430, |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Year of Establishment : |
2004 |
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Capital Investment / Paid-up Capital : |
Rs.2.500 Millions (Establishment) |
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TAN No : |
AHMN02317A |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Automobile, Servicing Equipment Tools, Electronic
Spars and PCB’s |
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No. of Employees : |
35 (In office 20 + In factory 15) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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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 10000 |
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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 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 good for normal business dealings 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 – 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 : |
Mr. Abhay |
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Designation : |
Manager |
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Date : |
06.06.2011 |
LOCATIONS
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Registered Office/Factory : |
504, Road No. 13, Phase II, Kathwada G I D C, O/s Odhav Octroi Check
Post, Ahmedabad – 382430, |
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Tel. No.: |
91-79-22900186 |
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Mobile No : |
91-9898146824/9327799995 (Mr.
Sanjay Ramani) |
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Fax No.: |
91-79-22900186 |
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E-Mail : |
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Website : |
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Area : |
900 Sq. Yard |
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Location : |
Owned |
PROPRIETOR
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Name : |
Mr. Sanjay Ramani |
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Designation : |
Proprietor |
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Date of Birth/Age : |
36 Years |
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Qualification: |
Diploma |
KEY EXECUTIVES
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Name : |
Mr. Abhay |
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Designation : |
Manager |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Automobile, Servicing Equipment Tools, Electronic
Spars and PCB’s |
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Products : |
v
Pollution Control Equipments o
2 Gas
Analyser
o
4 Gas
Analyser
o
Smoke
Meter v
Wheel and o
Wheel
Balancer
o
Wheel
Aligner
o
o
Rim
Straightening Machine v
Air Condition Servicing Equipments o
A/C
Recovery/ Recycling and Recharging v
Injector Testing Equipments o
Fully Automatic
Microprocessor Base Fuel Injector Machine o
Manual
Fuel Injector Machine v
Cleaning Equipments and Lifts o
High
Pressure Cleaner o
Vacuum
Cleaner
o
Washing
Lift
o
Two
Post Lift Hydraulic- Imported o
Four
Post Lift Hydraulic- Imported o
Scissor
Lift v
Other Equipments o
Paint
Booth
o
Nitrogen
Generator
o
Break
Breeder
o
Engine
Car Scanner. v Computerised
CCD Wheel Aligner v Video
Graphic Wheel Balancer v Nitrogen
Generator v HVC
Wheel Generator v Fuel
Injector Cleaner and Tester v Automatic
Universal Truck v Two
Post Car Lift v Four
Post Car Lift. |
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Exports : |
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Countries : |
v
African Countries v
v
v
v
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Imports : |
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Products : |
Raw Materials |
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Countries : |
v
v
v
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Terms : |
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Selling : |
Depends |
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Purchasing : |
Depends |
GENERAL INFORMATION
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Suppliers : |
v S. N. Controls Private Limited, Mumbai v
Car Clinic, |
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Customers : |
Retailers and End Users |
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No. of Employees : |
35 (In office 20 + In factory 15) |
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Bankers : |
v
ICICI Bank, Paladi Branch, Ahmedabad, v
HDFC Bank, Paladi Branch, Ahmedabad, |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Munir Shah and Company Chartered Accountants |
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Address : |
Ahmedabad, |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.2.500 million (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs.2.500 million (Estimated) |
FINANCIAL DATA
[All figures are
in Rupees Millions]
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sales Turnover |
28.000 |
25.000 |
15.000 |
The above information has been parted by Mr. Abhay (Manager)
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
NIL
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 :
The 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.
The 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.44.72 |
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|
1 |
Rs.73.46 |
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Euro |
1 |
Rs.65.47 |
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 |
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 |
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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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 |
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.