MIRA
INFORM REPORT
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Report Date : |
27.06.2011 |
IDENTIFICATION DETAILS
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Name : |
PREMIER AUTO CABLES |
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Registered
Office : |
E-32, Scooters Ancillary Estate, Nadarganj, |
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Country : |
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Date of
Incorporation : |
02.04.1977 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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IEC No.: |
0600003698 |
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PAN No.: [Permanent Account No.] |
ACBPG3278P |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Manufacturer and Exporter of Control Cables and Speedometer Cables and
Importer of Raw Material |
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No. of Employees
: |
100 [Approximately] |
RATING & COMMENTS
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MIRA’s Rating : |
B (34) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established Proprietory concern having moderate track.
Mr. Deepesh Gurnani, Chief Executive Officer provided to us the general information
and denied to disclose any financial details. Trade relations are reported as
fair. Business is active. Payment terms are unknown. The concern can be considered for business dealings with some caution. |
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 [General Details]
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Name : |
Mr. Deepesh Gurnani |
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Designation : |
Chief Executive (Son of Proprietor) |
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Contact No.: |
91-9935056736 |
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Date : |
18.06.2011 |
LOCATIONS
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Registered Office/ Factory : |
E-32, Scooters Ancillary Estate, Nadarganj, |
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Tel. No.: |
91-522-2436375/ 6535918 |
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Mobile No.: |
91-9935056736 (Mr. Deepesh Gurnani) |
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Fax No.: |
91-522-2436375 |
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E-Mail : |
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Website : |
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Area : |
14400 Sq. ft. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Harish Gurnani |
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Designation : |
Proprietor |
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Address : |
S, Rana Pratap Marg, Lucknow-22601, |
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Date of Birth/Age : |
60 Years |
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Qualification : |
B. E |
KEY EXECUTIVES
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Name : |
Mr. Deepesh Gurnani |
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Designation : |
Chief Executive (Son of Proprietor) |
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Address : |
S, Rana Pratap Marg, Lucknow-22601, Uttar Pradesh, India |
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Qualification : |
MBA |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Control Cables and Speedometer Cables and
Importer of Raw Material |
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Products : |
Control Cables or Mechanical Cables or Bowden Cables and Speedometer Cables: Clutch Cables, Throttle Cables, Pull to Stop Cables, Fuel Stop Cables, Decompression Cables, Gear Shift Cables, Choke Cables, Front Brake Cables, Rear Brake Cables, Parking Brake Cables, Hand Brake Cables, Speedometer Cables, Tachometer Cables, Window Regulator Cables, Mirror Cables, Seat Recliner Cables, Seat Lock Cables, Seat Belt Cables, Starter Cables, Latch Release Cables, Fly Wheel Tension Cables, Fuel Lid Cables, Hood Release Cables, Tyre Lifting Cables, Tail Gate Cables, Push Pull Cables, Steering Cables, Stabilizer Cables, Hoist Control Cables, etc. Control Cable Parts: Precision Turned Steel Components, Precision Turned Brass
Components, Precision Sheet Metal Components, Rubber Parts, Plastic Parts,
Springs, Galvanized Strands, Galvanized Wire Ropes, Liners, PVC Coated
Outers, PVC Sleeves, Flexible Shafts, Cable Inners, etc. |
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Exports : |
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Products : |
· Control Cables · Speedometer Cables |
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Countries : |
· North American Countries · South American Countries · European Countries |
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Exports : |
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Products : |
Raw Materials |
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Countries : |
·
·
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Terms : |
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Selling : |
L/C, Cash and Credit (30 days) |
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Purchasing : |
L/C, Cash and Credit (30 days) |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
100 [Approximately] |
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Bankers : |
Bank of |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Sheth And Associates Chartered Accountant |
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Address : |
90, |
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Tel. No.: |
91-522-2288287 |
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Fax No.: |
91-522-2287931 |
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E-Mail : |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Divulged |
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Borrowed : |
Not Divulged |
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Total : |
-- |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Divulged
The above information has been denied by Mr. Deepesh Gurnani [Chief Executive – Son of Proprietor]
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 :
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.44.94 |
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1 |
Rs.71.89 |
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Euro |
1 |
Rs.64.09 |
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 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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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34 |
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.