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Report Date : |
05.06.2012 |
IDENTIFICATION DETAILS
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Name : |
CROWN RUBBER PRODUCTS |
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Registered
Office : |
J-221 M.I.D.C. Bhosari, Pune – 411026, |
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Country : |
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Year of Establishment
: |
1986 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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Legal Form : |
Not Divulged |
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Line of Business
: |
Manufacturer of rubber moulded and injection components, moulding
capacity 1200*1200 MM |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
The management remains non – cooperative during our investigation. Few
infromations was able to be collected from indirect sources. Initially, subject can be considered for business dealings on a safe
and secured 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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 DENIED
Management Non Co-operative (91-20-27130721)
LOCATIONS
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Registered Office : |
J-221 M.I.D.C. Bhosari, Pune – 411026, Maharashtra, India |
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Tel. No.: |
91-20-27130721/46763221 |
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Fax No.: |
91-20-27130221 |
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E-Mail : |
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Website : |
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Location : |
Owned |
SOLE PROPRIETOR/PARTNERS
NOT DIVULGED
KEY EXECUTIVES
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Name : |
Mr. Sudhir Shah |
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Designation : |
GMO |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of rubber moulded and injection components, moulding
capacity 1200*1200 MM |
GENERAL INFORMATION
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Customers : |
OEMs and Manufacturer ·
Autotech Industries ·
ABB Adtranz ·
Atlas capco (i) Limited ·
Arde, Pashan, Pune ·
Chinchwad Precision Optical Frame Works ·
Del-Star Private Limited ·
Dynamic Enterprises ·
Exide Industries Limited ·
Exotech Plastics Private Limited ·
Ferrocare Machines Private Limited ·
Indiana Conveyors Private Limited ·
JBM Tools Limited ·
Kalyani Lemerg Limited ·
Kores (Pefco Foundry) Limited ·
M.S.E.B.(Transformer Div.) ·
Mahindra and Mahindra ·
Mouldcraft (Hindustan) Limited |
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No. of Employees : |
Not Divulged |
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Bankers : |
Not Divulged |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Not Divulged |
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
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 |
No |
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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 |
No |
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8) No. of employees |
No |
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9) Name of person contacted |
No |
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10) Designation of contact person |
No |
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11) Turnover of firm for last two years |
No |
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12) Profitability for last two years |
No |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
No |
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16) Details of sister concerns |
No |
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17) Major suppliers |
No |
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18) Major customers |
Yes |
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19) Payments terms |
No |
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20) Export / Import details (if applicable) |
No |
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21) Market information |
-- |
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22) Litigations that the firm / promoter |
-- |
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23) Banking Details |
No |
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24) Banking facility details |
No |
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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 |
No |
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28) Incorporation details, if applicable |
No |
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29) Last accounts filed at ROC |
No |
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30) Major Shareholders, if available |
No |
AS PER WEBSITE DETAILS
Company Profile
Subject is a manufacturer of high quality rubber moulded
and extruded parts since last two decades. Manufacturing products like 'O'
rings, Bushes, Washers, Oil seals, Mountings, Diaphragm, Quard rings, Dowty
seals, Gromets, Bellows, Rubber sheets and various types of elastomers like
Natural Rubber, Nitrile (NBR), Acrylonitrite Butadine, EPDM Neoprene, Silicon,
Fluoro silicon, Fluoro elastomers etc.
As
a quality policy Crown Rubber Products is committed to manufacture Quality
Rubber products meeting customer specifications and thereby achieving customer
satisfaction.
The
real strength of Crown Rubber Products is innovation, efficiency and experience
and it comes from the Personnel, most of whom have been here with the company
since its establishment. They have also made CRP prosperous.
The
products manufactured are for OEMs, Defence, Electronic industries, Electrical
industries, RCC pipe manufacturers and the maintenance department in major
industries.
Their
prestigious client list reads as Abicor Binzel, Adtranz Daimler Chrysler, ARDE
Bharat Forge, Delstar, Exide, Kimberly-clark Lever, Kores, Mahindra Usco,
Mercedes Benz, PMP Components, Suessen Asia, Sterlite, Tata, Telco, Universal
Group, Wheels India.
Crown
Rubber Products is an ISO 9001 certified company and that goes in line with
their primary goal of continuous improvement. CRP is associated with All India
Rubber Industries Association (AIRIA), SAE, PCPMA, MCCIA etc. and registered
with DGQA, Defence, HAL.
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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.51 |
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8UK Pound |
1 |
Rs.85.29 |
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Euro |
1 |
Rs.68.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
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Report Prepared
by : |
KVT |
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.