|
Report Date : |
02.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
ALPHA BOILERS |
|
|
|
|
Registered
Office : |
No-65, Phase-2, First Floor, 3rd |
|
|
|
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Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
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Year of
Establishment : |
2002 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
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|
|
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Line of Business
: |
Manufacturers,
suppliers and exporters of Oil Fired Thermal Fluid Boilers, Wood Fired Thermal Fluid Boilers, Husk
Fired Thermal Fluid Boilers, Gas
Fixed Thermal Fluid Boiler, Electrical Thermal Fluid Boiler, Oil Fired Non -
IBR Steam Boilers, Wood Fire Non - IBR Steam Boilers, Oil Fired Hot, etc |
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|
|
|
No. of Employees
: |
25 (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 |
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|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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|
|
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 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
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 : |
Ms. Siva |
|
Designation : |
Office Assistant |
|
Contact No.: |
91-9884934144 |
|
Date : |
12.05.2012 |
LOCATIONS
|
Registered Office/Factory : |
No-65, Phase-2, First Floor, 3rd Main Road, Porur Garden, Porur,
Chennai – 600116, Tamilnadu, India |
|
Tel. No.: |
91-44-23862331, 65879215 |
|
Fax No.: |
91-44-65879215 |
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E-Mail : |
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|
Website : |
SOLE PROPRIETOR
|
Name : |
Mr. N Jayprakash |
|
Designation : |
Proprietor |
KEY EXECUTIVES
|
Name : |
Ms. Siva |
|
Designation : |
Office Assistant |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers, suppliers and
exporters of Oil Fired Thermal Fluid Boilers, Wood Fired Thermal Fluid Boilers, Husk Fired Thermal Fluid Boilers,
Gas Fixed Thermal Fluid Boiler, Electrical
Thermal Fluid Boiler, Oil Fired Non - IBR Steam Boilers, Wood Fire Non - IBR
Steam Boilers, Oil Fired Hot,
etc |
|
|
|
|
Products: |
1. Oil Fired Thermal Fluid
Boilers ·
HSD and LDO Boilers ·
FO Fire Boilers ·
Gas Fired Boilers 2. Wood Fired Thermal Fluid
Boilers ·
Vertical Type Wood Fired Thermal
Fluid Boilers ·
Horizontal Type Wood Fired Thermal
Fluid Boilers 3. Husk Fired Thermal Fluid
Boilers ·
Wood and Husk Fired Boiler ·
Husk Fired Boiler 4. Gas Fixed Thermal Fluid
Boiler 5. Electrical Thermal Fluid Boiler 6. Oil Fired Non - IBR Steam
Boilers ·
HSD and LDO Fire Non-IBR Steam Boiler ·
FO Fire Steam Boiler 7. Wood Fire Non - IBR Steam
Boilers ·
Vertical Type Boiler ·
Horizontal Type Boiler 8. Oil Fired Hot Water Boilers ·
Vertical Type Oil Fired Hot Water
Boiler ·
Horizontal Type Oil Fired Hot Water
Boiler 9. Wood Fire Hot Water Boilers ·
Coil Type Wood Fire Hot Water Boiler ·
Drem Type Wood Fire Hot Water Boiler 10. Gas Fired Steam Boiler 11. Gas Fixed Hot Water Boiler 12. Water Treatment Plants ·
RO Plants ·
DM Plant ·
Water Softeners ·
Iron Removal Plants 13. Oil Fired Hot Air
Generators ·
Vertical Type Oil Fired Hot Air
Generators 14. Wood or Coal Fired Hot Air
Generators ·
Vertical Type Wood or Coal Fired Hot
Air Generators ·
Horizontal Type Wood or Coal Fired Hot
Air Generators 15. Rice Dryers and Heat
Exchangers ·
Heat Exchangers |
|
|
|
|
Exports : |
|
|
Products : |
Boiler of all types |
|
Countries : |
·
Vietnam ·
Ghana |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Credit |
|
|
|
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Purchasing : |
Credit |
GENERAL INFORMATION
|
Suppliers : |
· Sicagen India Limited, East Coast Centre, Floor 4, 534 Anna Salai, Teynampet, Chennai 600018 Tel No.: 91 44 24343565 Fax 91 44 24343562 · Sivagami Traders, 660 MTH High Road, Padi Mannurpet, Chennai 600050 Tel No.: 91 44 26246520 |
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Customers : |
End users |
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No. of Employees : |
25 (Approximately) |
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|
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Bankers : |
Karur Vysya Bank, K K Nagar Branch, Chennai |
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|
|
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Facilities : |
-- |
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Banking
Relations : |
-- |
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|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
NOT DIVULGED
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sales Turnover (Approximately) |
12.000 |
8.500 |
8.200 |
Expected Sales (2012-2013) : Rs.13.000 Millions
The above information has been parted by Ms. Siva (Office Assistant)
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
|
1)
Year of Establishment |
Yes |
|
2)
Locality of the firm |
Yes |
|
3)
Constitutions of the firm |
Yes |
|
4)
Premises details |
Yes |
|
5)
Type of Business |
Yes |
|
6)
Line of Business |
Yes |
|
7)
Promoter's background |
-- |
|
8)
No. of employees |
Yes |
|
9)
Name of person contacted |
Yes |
|
10)
Designation of contact person |
Yes |
|
11)
Turnover of firm for last three years |
Yes |
|
12)
Profitability for last three years |
No |
|
13)
Reasons for variation <> 20% |
-- |
|
14)
Estimation for coming financial year |
Yes |
|
15)
Capital in the business |
No |
|
16)
Details of sister concerns |
Yes |
|
17)
Major suppliers |
Yes |
|
18)
Major customers |
No |
|
19)
Payments terms |
Yes |
|
20)
Export / Import details (if applicable) |
Yes |
|
21)
Market information |
-- |
|
22)
Litigations that the firm / promoter involved in |
-- |
|
23)
Banking Details |
Yes |
|
24)
Banking facility details |
No |
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25)
Conduct of the banking account |
-- |
|
26)
Buyer visit details |
-- |
|
27)
Financials, if provided |
No |
|
28)
Incorporation details, if applicable |
-- |
|
29)
Last accounts filed at ROC |
-- |
|
30)
Major Shareholders, if available |
-- |
TRADE REFERENCES:
· Apollo Tyres Limited, Chennai
· Ramco Industries Limited, Chennai
· IGP Group, Chennai
· Shasun Chemicals Limited, Chennai
PROFILE:
This is a proprietorship firm. The proprietor is Mr. N Jayaprakash. The firm was started in 2002. The firm is engaged in the manufacture and supply of a wide range of Boilers and Heating Equipments. The products they offer includes Wood or coal fired hot air generators, Water treatment Plants, Woof Fire Non IBR steam boilers, Wood fire hot water boilers, Gas fixed thermal Fluid boiler, Gas fire steam boiler etc. Ever since their establishment in 2002 they have continuously upgraded themselves to serve the industry and clients better in all possible ways. The untiring efforts of their proprietor Mr. Jaya Prakash has enabled them to excel technologically. They have a spacious and sprawling state-of-the art factory with the latest machinery. Their factory is situated on an area of 6000 sq.ft which is their own. Being in the industry for over 8 years they have been able to manufacture and supply a wide assortment of premium quality boilers and heating equipments to meet the demands of the industry. Their products are highly appreciated and accepted in the Indian market for their quality, efficiency, functionality and long lasting nature, low maintenance and cost effectiveness. Their products are sought after by the pharmaceutical and diary industry.
They are well known for offering excellent quality products and after sales service. They have expertise in the manufacture and development of shell and coil type hot water generators used for milk pasteurization in the diary industry.
About 25 people work
for them. Their turnover is Rs.13.000
Millions for the year ended 31.3.2012. Their bankers are Karur Vysya Bank, K K
Nagar Branch, Chennai. Apart from
manufacturing, they do trading, servicing, distribution, exports of different
types of boilers. Their main export markets are Vietnam and Ghana. There is no
way to assess the financial strength of the firm. Caution advised in all
financial dealings with them.
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.55.91 |
|
|
1 |
Rs.86.03 |
|
Euro |
1 |
Rs.69.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
NO |
|
--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.