|
Report Date : |
18.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHIVAM PETRO PRODUCTS INDI |
|
|
|
|
Registered
Office : |
Shiva House, 4490/11, Jai Mata Market, Trinagar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Year of
Establishment : |
1997 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.15.000 Millions [Estimated] (As on 31.03.2012) |
|
|
|
|
TIN No.: |
03511028991 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALFS7112C |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Chlorinated Paraffin. |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 60000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established partnership concern having satisfactory
track. There appears some dip in the turnover during 2013. Hoverer, 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Amit Nenwani |
|
Designation : |
Partner |
|
Contact No.: |
91-11-43544444 |
|
Date : |
17.06.2013 |
LOCATIONS
|
Registered Office : |
Shiva House, 4490/11, Jai Mata Market, Trinagar, Delhi – 110035, India
|
|
Tel. No.: |
91-11-27395319 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Shiva House, 802-804 Pearl Best Heights Tower II, Pitampura, New Delhi
– 110034, India |
|
Tel. No.: |
91-11-43544444 |
|
Fax No.: |
91-11-47021304 |
|
E-Mail : |
|
|
|
|
|
Sales Office : |
·
Banaras
(Uttar Pradesh) Near Mateshwari Dharam Kanta, Ram Nagar Road, Padau Chandauli, Varanasi, UP Contact Person “ Mr. Vinod, 09307023051 ·
Raipur Contact Person – Mr. Vijay Singh 09329685243 ·
Indore Contact: Mr. Ravi Thahryani 09300837350 ·
Ahmedabad 1221/1222, Bharat Rice Mill Road, Near Swami Narain Mandir Opp. Ghanshyam Estate Asali Taluka, Descori, Ahmedabad, 382427 Contact Person “ Mr. Sanjay Khatwani, 09377766300 ·
Nagpur R. P. Aggarwal Estate Opp. S. P. Motors, Wadi, Nagpur (MAH) Contact: Mr. Girish Maheshwari 09373129185 ·
Mumbai Gala No. 1342/4, Near Water Tank, Kon Saraswati, Kalyan
Saraswati Mr. Narendra Nathani, 09372449720 |
|
|
|
|
Manufacturing Unit
: |
3-B, Siel Industrial Estate, Khadauli, Rajpura, Punjab, India |
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Amit Nenwani |
|
Designation : |
Partner |
|
Address : |
B – 296, Lok Vihar, Pitampura, New Delhi – 110034, India |
|
|
|
|
Name : |
Mrs. Kiran Nenwani |
|
Designation : |
Partner |
|
Address : |
B – 296, Lok Vihar, Pitampura, New Delhi – 110034, India |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Chlorinated Paraffin. |
|
|
|
|
Exports : |
|
|
Products : |
·
Normal paraffin ·
ISO-paraffin or mixed Paraffin ·
Lower Normal paraffin ·
Heavy Normal paraffin ·
Poly Vinyl Chloride (PVC) Suspension Grade ·
Other paraffins/ paraffinic hydrocarbons |
|
Countries : |
Asian Countries |
|
|
|
|
Imports : |
|
|
Products : |
·
Normal paraffin ·
ISO-paraffin or mixed Paraffin ·
Lower Normal paraffin ·
Heavy Normal paraffin ·
Poly Vinyl Chloride (PVC) Suspension Grade ·
Other paraffins/ paraffinic hydrocarbons |
|
Countries : |
· USA · Middle East |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|
|
|
|
No. of Employees : |
30 (Approximately) |
|
|
|
|
Bankers : |
Kotak Mahindra Bank Limited, Delhi, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Divulged |
|
|
|
|
Associates/Subsidiaries : |
· M/s Shivtek Industries Private Limited Near Mateshwari Dharam Kanta, Ram Nagar Road, Padau Chandauli, Varanasi Uttar Pradesh, India Contact Person “ Mr. Vinod, 09307023051 Manufacturing Unit 1: 35 Udyog Giri Purena, Dist.- Panna, Madhya Pradesh Manufacturing Unit 2: Survey No. 62/A Part, Near Sree Rayalaseema Alkalies and Allied Chemicals Limited Gondiparla, Kurnool “ 518004 Andhra Pradesh, India · O.M. Polymers and Chemicals (Private) Limited Behind Mahesh Cold Storage, Bhanpuri, Raipur (C.G.) Contact Person “ Mr. Vijay Singh – 09329685243 · Shivam Polymers 1221/1222, Bharat Rice Mill Road, Near Swami Narain Mandir, Opposite Ghanshyam Estate Asali Taluka, Descori, Ahmedabad – 382427, Gujarat, India Contact Person “ Mr. Sanjay Khatwani, 09377766300 · Lavesh Polymers R. P. Aggarwal Estate Opposite S. P. Motors, Wadi, Nagpur, Maharashtra, India Contact: Mr. Girish Maheshwari – 09373129185 · M/S Hitech Enterprises A-67, DSSIDC, Narela, Delhi, India Contact: 09313075543 Mr. Komal Singh Manufacturing Unit: A-67, DSSIDC, Narela, Delhi, India Contact: 09313075543 Mr. Komal Singh · Shiva Exim Enterprises 3-A, Siel Industrial Estate, Khadauli, Rajpura, Punjab, India Manufacturing Unit: 32 Udyog Giri Purena, Dist.- Panna, Madhya Pradesh, India |
CAPITAL STRUCTURE
(AS ON 31.03.2012)
|
Capital Investment : |
|
|
Owned : |
Rs. 15.000 Millions [Estimated] |
|
Borrowed : |
-- |
|
Total : |
Rs. 15.000 Millions [Estimated] |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Sales Turnover (Approximately) |
100.000 |
15.320 |
14.000 |
|
|
|
|
|
|
Group Turnover : |
1500.000 |
500.000 |
-- |
The above information has been parted by Mr. Amit – Partner.
Note: Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
No |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
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 |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
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.57.73 |
|
|
1 |
Rs.90.61 |
|
Euro |
1 |
Rs.76.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
-- |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.