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Report Date : |
26.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
S S ENGINEERING WORKS |
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Registered
Office : |
No. 5/229-B, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Year of
Establishment : |
2001 |
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TNGST No.: |
83418 |
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Capital Investment
/ Paid-up Capital : |
Not Divulged |
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Tin No.: |
33162083418 |
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CST No.: |
905400 |
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SSI No.: |
330121107945 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Manufacturer, Exporter and Supplier of Areca Plates Making Machines,
Plate Making Machine, Heavy Fabrication Machines, Palm Plate Making Machines,
Paper Plate Manufacturing Machines. |
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No. of Employees
: |
50 [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 |
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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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. R Sampath Kumar |
|
Designation : |
Proprietor |
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Contact No.: |
91-9976154545 |
|
Date : |
02.05.2012 |
LOCATIONS
|
Registered Office/ Factory : |
No. 5/229-B, Kovai Main Road, Karayampalayam, Annur,
Coimbatore-641653, Tamilnadu, India |
|
Tel. No.: |
91-4254-265512 |
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Mobile No.: |
91-9976154545 [Mr. R Sampath Kumar] |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Area : |
800 sq. ft. |
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Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. R Sampath Kumar |
|
Designation : |
Proprietor |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Supplier of Areca Plates Making Machines, Plate
Making Machine, Heavy Fabrication Machines, Palm Plate Making Machines, Paper
Plate Manufacturing Machines. |
|
|
|
|
Products : |
Areca Plates
Making Machines ·
Areca Plate Machine ·
Manual Areca Plates Making Machine ·
Automatic Areca Plates Making Machine ·
Tableware Making machine ·
Leaf Plate Making Machine Plate Making
Machine ·
Areca Plates ·
Elegant Areca Nut Plate ·
Areca Nut Cups ·
Eco Friendly Plates ·
Bio Degradable Plates |
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Terms : |
|
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Selling : |
L/C / Credit |
GENERAL INFORMATION
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No. of Employees : |
50 [Approximately] |
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Bankers : |
State Bank of India, Coimbatore, Tamilnadu, India |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
|
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Owned : |
Not Divulged |
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Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sales Turnover [Approximately] |
12.500 |
12.500 |
10.000 |
Expected Sales (2012-13) : Rs.20.000 Millions.
The above information has been parted by Mr. R Sampath Kumar.
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 |
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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 |
No |
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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 |
No |
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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 |
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 |
No |
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19) Payments terms |
Yes |
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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 involved in |
-- |
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23) Banking Details |
Yes |
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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 |
Yes |
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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 |
PROFILE:
The firm is a proprietorship
firm. The firm was started in 2001. The proprietor is Mr. R Sampath Kumar. The
firm is engaged in the manufacture and exports of Areca Plates making machine,
hydraulic equipments and Industrial machines. They also provide real estate
services. Mr. Sampath Kumar has 20 years of experience in this field of
hydraulic and industrial machines manufacturing. It is his expertise and
inspiration that sustains the business. He has wide contacts and is responsible
for generating orders for the firm. Of their production 80 % is sold locally
and 20% is being exported. 50% of their business comes from selling areca plate
making machines, 10% from service of all kinds of areca machines. 40% of their
business comes from maintaining and job work done for the tool room of L G
Balakrishna Bros, Coimbatore who are India's manufacturer of Roller chains for
automobile and industrial applications.
Their bankers are State Bank of India and their turnover is between a
Million and Rs.150.000 Millions.
A small firm managing
a turnover of under Rs.20.000 Millions approx. with 50 people as employees in
Coimbatore. They have a good reputation since they are associated with big
names like LG Bros, KG Group etc. There is no way to assess the financial
strength of the firm. Caution advised in all financial transactions with them.
Orders can be placed against LCs or documents drawn through bank.
TRADE REFERENCES:
·
L.G. Balakrishnan and
Bros Limited
Address: Krisnarayapuram
Road, Ganapathy, Coimbatore-641006, Tamilnadu, India
Tel No.:
91-422-2532325
Fax
No.:91-422-2532333
Email:
info@lgb.co.in
CORPORATE HEADQUARTERS:
·
KG House
Address: 126, Arts
College Road, Coimbatore-641010, Tamilnadu, India
Tel No.: 91-422-4343430
Fax
No.:91-422-4343530
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.56.29 |
|
|
1 |
Rs.88.25 |
|
Euro |
1 |
Rs.70.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
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 |
YES |
|
--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.