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Report Date : |
10.07.2012 |
IDENTIFICATION DETAILS
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Name : |
SRI PARIJATHA MACHINERY WORKS PRIVATE LIMITED |
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Registered
Office : |
No. 1-D, II Stage, Penya Industrial Area, Near Systems Bus Stop,
Bangalore 560058, Karnataka |
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Country : |
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Date of
Incorporation : |
27.05.2011 |
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Com. Reg. No.: |
058839 |
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Capital Investment
/ Paid-up Capital : |
Rs. 0.500 million |
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CIN No.: [Company Identification
No.] |
U29253KA2011PTC058839 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BLRS39547E |
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PAN No.: [Permanent Account No.] |
AAPCS9726D |
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Legal Form : |
Private Limited Liability Company
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Line of Business
: |
Manufacturer and Exporter of Terrazzo Tiles and Concrete Block Making
Machinery. |
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No. of Employees
: |
20 Approximately |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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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 : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
As conformed with Divya, Sales Cordinatore subject is a successor of
Sri Parijatha Machinery Works, a proprietory concern started in the year 1987.
And subject got converted into Sri Parijatha Machinery Works Private Limited
in year 2011. Trade relations are reported as fair. Business is active. Payment5s
are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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India |
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
|
Name : |
Mr. Prasad |
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Designation : |
Marketing Manager |
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Contact No.: |
91-9900069824 |
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Date : |
09.07.2012 |
LOCATIONS
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Registered Office /Factory: |
No. 1-D, II Stage, Penya Industrial Area, Near Systems Bus Stop,
Bangalore 560058, Karnataka, India |
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Tel. No.: |
91-80-28394221 |
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Fax No.: |
91-80-28392894 |
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E-Mail : |
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Website : |
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Area : |
7000 sq.ft |
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Location : |
Owned |
DIRECTORS
AS ON 27.05.2011
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Name : |
Mr. Kethamaranahalli Jayaram |
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Designation : |
Director |
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Name : |
Mr. Jayaram Ramesh |
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Designation : |
Director |
KEY EXECUTIVES
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Name : |
Mr. Prasad |
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Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON
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Names of Shareholders |
No. of Shares |
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Mr. Kethamaranahalli Jayaram |
25000 |
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Mr. Jayaram Ramesh |
25000 |
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Total |
50000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Terrazzo Tiles and Concrete Block Making
Machinery. |
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Products : |
·
Terrazzo Tiles machinery ·
Block making machinery ·
Parijatha Automatic Press Apm-216 ·
Parijatha Automatic Press Apm-216 Hd ·
Parijatha Tile And Paving Block Press Apm - 216hd ·
Parijatha Planetary Mixer ·
Parijatha Planetary Mixers Pm 150 ·
Parijatha Planetary Mixers Pm 300 ·
Parijatha Screw Mixer Psm-1 ·
Parijatha Automatic Block Machine - Pbm Plus ·
Parijatha Block Machine Pbm - 06 ·
Parijatha Automatic Polishing Machines - Pgm-4/16 ·
Parijatha Automatic Press Pgm-4/16 ·
Parijatha Hydraulic Press - Php- 125 ·
Parijatha Hydraulic Press - Php-125 ·
Parijatha Cutting Machine ·
Parijatha Cutting Machine - Pcm-14 ·
Parijatha Screw Mixer ·
Hydraulic Block Machine |
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Exports : |
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Products : |
Terrazzo Tiles and Block Making Machinery |
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Countries : |
Dubai, Iran, Ghana, Turkey |
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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 : |
·
End Users ·
Kaveri Tiles ·
Quality Rubber |
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No. of Employees : |
20 Approximately |
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Bankers : |
Vijaya Bank, Rajaji Nagar, Bangalore, Karnataka, India |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
N Madhu and Company Chartered Accountant |
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Address : |
Bangalore, Karnataka, India |
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Sister Concern: |
Parijatha Floorings, Bangalore, Karnataka, India |
CAPITAL STRUCTURE
AS ON 27.05.2011
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10 each |
Rs. 0.500 million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 10 each |
Rs. 0.500 million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2012 |
31.03.2011 |
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Sales Turnover (Approximately) |
|
50.000 |
40.000 |
Expected Sales (2012-2013) : Rs.60.000 millions
The above information has been parted by Mr. Prasad
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
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Check List by
Info Agents |
Available in
Report (Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter's background |
-- |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last three years |
Yes |
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12) Profitability for last three years |
-- |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
Yes |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
Yes |
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17) Major suppliers |
No |
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18) Major customers |
Yes |
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19) Payments terms |
Yes |
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20) Export / Import details (if
applicable) |
Yes |
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21) Market information |
-- |
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22) Litigations that the firm / promoter
involved in |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
-- |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
Yes |
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28) Incorporation details, if applicable |
-- |
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29) Last accounts filed at ROC |
-- |
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30) Major Shareholders, if available |
-- |
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.56.02 |
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|
1 |
Rs.86.78 |
|
Euro |
1 |
Rs.68.87 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
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Report Prepared
by : |
PRL |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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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 |
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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27 |
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 |
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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 |
|
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 |
|
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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.