|
Report Date : |
18.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
SUPER SEALS (INDIA) LIMITED (w.e.f. 17.12.2002) |
|
|
|
|
Formerly Known
As : |
SUPER SEALS |
|
|
|
|
Registered
Office : |
Flat No. 101, First Floor, Pankaj Plaza, LSC, Pocket- H and J, Sarita
Vihar, New Delhi-110076 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
25.02.1960 |
|
|
|
|
Com. Reg. No.: |
55-003193 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 34.908
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL1960PLC003193 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Automobile Parts Components, Engine Engine Spare Parts and Molding Moulding
Services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old and established company having moderate track. There
appears some accumulated losses being recorded by the company. However, trade
relations are reported as fair. Business is active. Payments are reported to
be slow. The company 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Flat No. 101, First Floor, Pankaj Plaza, LSC, Pocket- H and J, Sarita Vihar,
New Delhi-110076 |
|
Tel. No.: |
91-44-28493268/28494429 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
1st Floor, New No. 65, 4th Street, Padmanabha
Nagar Adyar, Chennai – 600020, India |
|
Tel. No.: |
91-44-28493268/28494429/ 28492523 |
|
Fax No.: |
91-44-28492523 |
|
E-Mail : |
|
|
|
|
|
Seals Division : |
12/1, |
|
Tel. No.: |
91-129-2275411/2275412/2275542/2273356 |
|
Fax No.: |
91-129-2271759/2278596/2277589 |
|
E-Mail : |
DIRECTORS
As on 08.09.2011
|
Name : |
Mr. Kamal Talwar |
|
Designation : |
Managing Director |
|
Address : |
173, Jor Bagh, New Delhi-110003, |
|
Date of Birth/Age : |
31.07.1955 |
|
Date of Appointment : |
09.10.1996 |
|
DIN No.: |
00053478 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51909DL1960PLC003193 |
SUPER SEALS ( |
Managing
director |
09-10-11 |
01-10-80 |
- |
Active |
NO |
|
2 |
U74899DL1981PTC012051 |
AVION PRINTING
AND PACKAGING PRIVATE LIMITED |
Director |
24-07-81 |
24-07-81 |
- |
Active |
NO |
|
3 |
U34300DL2005PLC142973 |
SUPER SEAL
FLEXIBLE HOSE LIMITED |
Director |
25-11-05 |
25-11-05 |
12-05-08 |
Active |
NO |
|
4 |
U40106DL2008PTC178441 |
SOLAR RISE
ENERGY PRIVATE LIMITED |
Director |
22-05-08 |
22-05-08 |
- |
Active |
NO |
|
Name : |
Mr. Sriram Kapur |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
23.04.1955 |
|
Date of Appointment : |
22.11.1997 |
|
DIN No.: |
00443187 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U55101KA1973PLC002399 |
RITZ HOTELS ( |
Director |
06-09-73 |
06-09-73 |
- |
Active |
NO |
|
2 |
U35110MH1974PLC017961 |
|
Director |
04-10-76 |
04-10-76 |
- |
Active |
NO |
|
3 |
L01132TZ1966PLC003966 |
NON SUCH TEA ESTATE
LIMITED |
Director |
21-08-78 |
21-08-78 |
- |
Active |
NO |
|
4 |
U99999MH1947PTC006018 |
RITZ PRIVATE
LIMITED |
Director |
22-10-84 |
22-10-84 |
- |
Active |
NO |
|
5 |
U65990MH1983PLC030475 |
POSEIDON
INVESTMENTS CO LTD |
Director |
22-10-84 |
22-10-84 |
- |
Active |
NO |
|
6 |
U51109MH1950PTC010966 |
RAM NARAIN KAPUR
AND COMPANY PRIVATE LIMITED |
Director |
05-09-95 |
05-09-95 |
- |
Active |
NO |
|
7 |
U51909DL1960PLC003193 |
SUPER SEALS ( |
Director |
22-11-97 |
22-11-97 |
- |
Active |
NO |
|
8 |
U45201UP2005PTC029581 |
MATRIX ASSETS
HOLDINGS PRIVATE LIMITED |
Director |
09-03-05 |
09-03-05 |
18-12-10 |
Active |
NO |
|
Name : |
Mr. Narendra Kumar Jalan |
|
Designation : |
Director |
|
Address : |
E-192, G.K-II, New Delhi-48, |
|
Date of Birth/Age : |
22.01.1955 |
|
Date of Appointment : |
06.03.1998 |
|
DIN No.: |
00702239 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U72300DL1978PLC009142 |
INTERNATIONAL
DATA PROCESSING COMPANY LIMITED |
Managing
director |
22-07-78 |
22-07-78 |
- |
Active |
NO |
|
2 |
U51909DL1960PLC003193 |
SUPER SEALS ( |
Director |
06-03-98 |
06-03-98 |
- |
Active |
NO |
|
3 |
U34300DL2005PLC142973 |
SUPER SEAL
FLEXIBLE HOSE LIMITED |
Director |
02-03-07 |
02-03-07 |
12-05-08 |
Active |
NO |
|
Name : |
Mr. Punkaj Jain |
|
Designation : |
Alternate Director |
|
Address : |
Suyash, 323, Sector-46, Faridabad-121003, |
|
Date of Birth/Age : |
01.11.1967 |
|
Date of Appointment : |
29.08.2007 |
|
DIN No.: |
01201646 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U34300DL2005PLC142973 |
SUPER SEAL
FLEXIBLE HOSE LIMITED |
Director |
16-12-06 |
16-12-06 |
12-05-08 |
Active |
NO |
|
2 |
U51909DL1960PLC003193 |
SUPER SEALS ( |
Alternate
director |
29-08-07 |
29-08-07 |
- |
Active |
NO |
|
3 |
U80904DL2009NPL193898 |
India
Knowledgecity foundation |
Director |
03-09-09 |
03-09-09 |
07-09-09 |
Active |
NO |
|
4 |
U74900DL2009PTC195134 |
CANPISCE
CONSULTING PRIVATE LIMITED |
Director |
12-10-09 |
12-10-09 |
- |
Active |
NO |
|
5 |
U74140DL2010PTC199552 |
INNOVATIVE
CONSULTING SERVICES PRIVATE LIMITED |
Director |
26-02-10 |
26-02-10 |
- |
Active |
NO |
|
Name : |
Mr. Trilok Singh Rawat |
|
Designation : |
Additional Director |
|
Address : |
House No. 1587, Sector -16, Faridabad-121002, |
|
Date of Birth/Age : |
01.07.1954 |
|
Date of Appointment : |
05.09.2008 |
|
DIN No.: |
02331485 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51909DL1960PLC003193 |
SUPER SEALS ( |
Whole-time
director |
08-09-11 |
05-09-08 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 08.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Kamal Talwar |
|
967486 |
|
Lata Talwar |
|
940338 |
|
Kamal Talwar HUF |
|
308003 |
|
Avion Pringing and Packaging Private Limited, |
|
320000 |
|
Sushil Soni |
|
33328 |
|
Narender Kumar Taneja |
|
6685 |
|
Basant Kumar Taneja |
|
5332 |
|
Vidyawati Ahluwalia and Anup Ahluwalia |
|
16712 |
|
Suender Mohan Khanna |
|
26670 |
|
Parshotam Lal Sood |
|
2498 |
|
Sharddha Kapur |
|
3369 |
|
Abhinav Kapur and Miss Maya Kapur |
|
18663 |
|
Deepak Anand |
|
1789 |
|
Shalinder Soni HUF |
|
11110 |
|
Naresh Soni and Sons HUF |
|
13886 |
|
Anil Soni HUF |
|
13886 |
|
Fronter Welfare Fund |
|
188500 |
|
Chowdry Associates, |
|
300000 |
|
Ravinder Sethi |
|
10 |
|
Raj Kumar Sharma |
|
10 |
|
Total |
|
3178275 |
|
|
|
|
|
Non Resident Equity
Shareholders |
|
No. of Shares |
|
Harold Leeming |
|
60 |
|
Aerouip ( |
|
312440 |
|
Total |
|
312500 |
|
|
|
|
|
Grand Total |
|
3490775 |
As on 08.09.2011
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
9.00 |
|
Bodies corporate |
|
16.00 |
|
Directors or relatives of directors |
|
70.00 |
|
Other top fifty shareholders |
|
5.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Automobile Parts Components, Engine Engine Spare Parts and Molding Moulding
Services. |
GENERAL INFORMATION
|
Suppliers : |
·
Allied Stamping ·
Prem Shakti Enterprises ·
R.D. Engineers, Faridbad ·
Surya Springs, ·
Aurn Enterprises ·
Metal Engineers, ·
Rajshila Synthetics ·
Polman India Limited ·
B.T. Engineering Works ·
Navtara and Company ·
Spectra Products Private Limited ·
Venus Components, |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A. Mohan and Company Chartered Accountants |
|
Address : |
B-32, Kirti Nagar, New Delhi-110015, |
|
Tel. No.: |
91-11-41425704/08 |
|
Tel. Fax No.: |
91-11-41425708 |
|
E-Mail : |
|
|
Websites: |
|
|
PAN No.: |
AAFPM6390L |
CAPITAL STRUCTURE
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3600000 |
Equity Shares |
Rs.10/- each |
Rs. 36.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3490775 |
Equity Shares |
Rs.10/- each |
Rs. 34.908
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
34.908 |
34.908 |
34.908 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(6.111) |
(9.145) |
(17.963) |
|
|
NETWORTH |
28.797 |
25.763 |
16.945 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
47.634 |
46.449 |
49.769 |
|
|
2] Unsecured Loans |
20.729 |
13.836 |
12.251 |
|
|
TOTAL BORROWING |
68.363 |
60.285 |
62.020 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
97.160 |
86.048 |
78.965 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
46.375 |
44.331 |
45.204 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.002 |
0.002 |
0.002 |
|
|
DEFERREX TAX ASSETS |
2.884 |
1.905 |
0.821 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
55.752
|
40.606
|
40.550 |
|
|
Sundry Debtors |
52.746
|
50.129
|
39.795 |
|
|
Cash & Bank Balances |
5.465
|
6.484
|
4.316 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
5.369
|
4.756
|
15.013 |
|
Total
Current Assets |
119.332
|
101.975
|
99.674 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
36.845
|
29.496
|
29.420 |
|
|
Other Current Liabilities |
10.976
|
14.217
|
10.803 |
|
|
Provisions |
23.612
|
18.452
|
26.513 |
|
Total
Current Liabilities |
71.433
|
62.165
|
66.736 |
|
|
Net Current Assets |
47.899
|
39.810
|
32.938 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
97.160 |
86.048 |
78.965 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
261.919 |
235.005 |
197.728 |
|
|
|
Other Income |
3.500 |
3.989 |
3.525 |
|
|
|
TOTAL (A) |
265.419 |
238.994 |
201.253 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw materials consumed, Purchase, Material Manufacturing |
152.558 |
118.908 |
122.449 |
|
|
|
Personnel |
58.568 |
51.818 |
50.409 |
|
|
|
Administrative |
18.373 |
16.233 |
15.359 |
|
|
|
Selling |
30.842 |
27.237 |
24.139 |
|
|
|
Bad Debts |
0.000 |
0.527 |
0.000 |
|
|
|
Increase/ (Decrease) in Stock |
(14.774) |
0.494 |
(7.001) |
|
|
|
TOTAL (B) |
245.567 |
215.217 |
205.355 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
19.852 |
23.777 |
[4.102] |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.415 |
8.347 |
10.414 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10.437 |
15.430 |
(14.516) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.445 |
7.232 |
6.382 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.992 |
8.198 |
(20.898) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.424) |
(0.803) |
(0.460) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.416 |
9.001 |
(20.438) |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD
EXPENSES |
0.381 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add/ Less |
SHORT PROVISION
MADE DURING PREVIOUS YEAR |
0.000 |
(0.183) |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(9.145) |
(17.963) |
2.475 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(6.110) |
(9.145) |
(17.963) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
9.314 |
7.384 |
6.112 |
|
|
TOTAL EARNINGS |
9.314 |
7.384 |
6.112 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
28.275 |
19.319 |
18.978 |
|
|
TOTAL IMPORTS |
28.275 |
19.319 |
18.978 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.98 |
2.58 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.29
|
3.77
|
(10.16) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.14
|
3.49
|
(10.57) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.77
|
5.60
|
(14.42) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.32
|
(1.23) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.85
|
4.75
|
7.60 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.67
|
1.64
|
1.49 |
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
No |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
No. of Employees |
No |
|
Name of Person Contacted |
No |
|
Designation of Contact person |
No |
|
Turnover of Firm for last three years |
Yes |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
--------- |
|
Estimation for coming financial year |
No |
|
Capital in the business |
Yes |
|
Details of sister concerns |
No |
|
Major Suppliers |
No |
|
Major Customers |
No |
|
Payments Terms |
No |
|
Export/ Imports Details (If applicable) |
No |
|
Market Information |
------------- |
|
Litigations that the firm/ Promoters Involved in |
------------ |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
------------ |
|
Buyer visit details |
------------- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
NOTE:
The company changed its registered office from Flat No.114, First Floor,
Local Shopping Complex, Pocket-D&E, Sarita Vihar,
FORM 8
|
Corporate
identity number of the company |
U51909DL1960PLC003193 |
|
Name of the
company |
SUPER SEALS ( |
|
Address of the
registered office or of the principal place of business in |
Flat No. 101, First Floor, Pankaj Plaza, LSC, Pocket- H and J, Sarita Vihar,
New Delhi-110076, India |
|
This form is for |
Creation of
Charge |
|
Type of charge |
Uncalled share capital Book debts Movable property (not being pledge) Floating charge |
|
Particular of
charge holder |
Email: hsidc@vsnl.net |
|
Nature of
instrument creating charge |
Hypothecation Agreement
Dated 04/05/2012 |
|
Date of
instrument Creating the charge |
04.05.2012 |
|
Amount secured by
the charge |
Rs. 45.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 13.50% p.a. Terms of
Repayment As per
Hypothecation Agreement Dated 04/05/2012 Margin As per
Hypothecation Agreement Dated 04/05/2012 Extent and
Operation of the charge As per
Hypothecation Agreement Dated 04/05/2012 |
|
Short particulars
of the property charged |
All the Plant and
Machinery and equipments, fixtures and fittings, electrical installations,
furniture, cars, trucks, vehicles, tractor, trolleys, pipe-line, typewriters,
calculating machines. Refrigerators,
coolers, air-conditioners, modern electric and other appliances, and all
other tangible movable properties and assets, all stocks, raw-materials,
stock-in-trade. Finished and
semi-finished products, consumable stores, documentary bills, book-debts,
uncalled capital etc for the time being both present and future. |
FIXED ASSETS:
·
·
Building
·
Plant and Machinery
·
Electrical Fittings
·
Vehicles
·
Computers
·
Furniture and Fixture
·
Office Equipments
CONTINGENT LIABILITIES:
(i) Guarantees issued by the Company for Rs.1.607 Millions (previous
year Rs.1.607 Millions) for the BNT Motors (Private) Limited and Talbros (Private) Limited to the Sales Tax
department as surety.
AS PER WEBSITE DETAILS
PROFILE
Their Business Overview
In the year 1962, Super Seal started its
business by manufacturing Automotive Oil Seals in collaboration with Super Oil
Seals and Gaskets Ltd., (U.K). Later, in the year 1984, Super Seal ventured
into an agreement with Aeroquip Corp.
They have shown tremendous growth potential
because of maintaining the most exacting of international standards and
delivering high quality products at low cost. Their range of products is
technology driven and meets the customer specifications. Owing to this, they
have become a strong contender in the domestic market for their precision
products.
Their Objective:
Their objective is to achieve customer
satisfaction by making available products of consistent quality through a
disciplined approach to manufacturing and adherence to procedures and systems.
In their pursuit of customer satisfaction, the emphasis on effecting timely
deliveries at competitive prices plays an equally important role.
Their Logistics:
Their state-of-the-art manufacturing
facility for Oil Seals is strategically located at
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. 55.60 |
|
|
1 |
Rs. 87.34 |
|
Euro |
1 |
Rs. 70.66 |
INFORMATION DETAILS
|
Report Prepared
by : |
ACH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
|
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 |
|
|
>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.