|
Report Date : |
17.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
NIVETHA ENTERPRISES |
|
|
|
|
Registered
Office : |
No. 4, |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
2001 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Exporter, Importer, Manufacturer, Wholesaler, Distributor and Supplier
of Printing Industry, Sheet Metal Industry, Paper Industry, Steel Tube
Industry, Plywood Industry |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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 – June 30, 2012
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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. A M Palanisamy |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9840027662 |
|
Date : |
14.10.2013 |
LOCATIONS
|
Registered Office/Factory : |
No. 4, Ranganathan Street, (Via) Venkata Subba Reddy Street, Athipet,
Ambattur, Chennai 600058, Tamilnadu, India |
|
Mobile No.: |
91-9840027662 (Mr. A M
Palanisamy) |
|
Website : |
SOLE PROPRIETOR
|
Name : |
Mr. A M Palanisamy |
|
Designation : |
Proprietor |
BUSINESS DETAILS
|
Line of Business : |
Exporter, Importer, Manufacturer, Wholesaler, Distributor and Supplier of
Printing Industry, Sheet Metal Industry, Paper Industry, Steel Tube Industry,
Plywood Industry |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
10 (Approximately) |
|
|
|
|
Bankers : |
Indian Overseas Bank, Chennai |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
NOT DIVULGED
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
15.000 |
|
|
|
|
|
The above information has been parted by Mr. A M Palanisamy (Proprietor)
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 |
No |
|
12] |
Profitability for last
three years |
No |
|
13] |
Reasons for variation
<> 20% |
-------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
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 |
No |
|
27] |
Financials, if provided |
No |
|
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 |
Details:
This is a proprietorship firm started in the year 2001 by Mr. A M Palanisamy. The firm is a manufacturer, importer and supplier of Paper Cutting Knives, Metal Cutting Knives, Circular Slitter, Metal Slitting Cutters, Pipe Cutting Machine and Pipe Bending Machine.
Their products have use in many industries like the Printing industry, Sheet
metal industry, Plywood industry and tyre industry and for general industrial
purposes. The firm is very reputed as
you can see from their major client list provided below :
1. Repro Innovative Digiprint Pvt Ltd
(Macmillan India Press Building)
146 East Coast road, Injambakkam
Chennai 600041 – the company provides content, print, and fulfillment solutions to publishers across the world. These include the digitization, conversion and management of content, printing and binding books.
2. ManipalTech., with its portfolio of Products, Services & Solutions like Revenue Assurance Labels for the Government, Cheques / Drafts and Debit / Credit cards for Banks, Pre-paid scratch cards & SIM cards for Telecom, Digital Content Management solution for Publishers, Brand Protection solutions for Consumer Goods etc. - is today a symbol of security, trustworthiness & reliability for all its customers.
3. TI Metal Forming (TIMF) is a pioneer in cold roll forming in India. TI Metal Forming are leaders in manufacture and supply of value added metal formed components to all automobile majors in India. TI Metal Forming was established in 1965 as a division of Tube Investments of India Limited, which is a flagship company of INR 225 Billion Murugappa Group.TI Metal Forming is currently operating from four plants, Thirninravur (Chennai), Bawal, Halol and Kakkalur (Chennai).
They make customized solutions, for their clients and are well known for their quality products. The production process is directly managed by Mr. A M Palanisamy, who is a Mechanical engineer. His business acumen and technical knowledge has helped the firm to achieve a turnover of over a crore last year.
The firm employs 10 people, their bankers are Indian Overseas Bank and their turnover is about 1,50,00,000 last financial year.
For better visibility on line they have
registered themselves on
1.
Mr. A M Palanisamy has very little knowledge of
English so he trusts Tradeindia to create a wholesome website for him.
2. The telephone number 91-7817085945 is not a working number and he does not know how Tradeindia got the number. Kindly check how the number was recorded, and arrange to display the correct number.
3.
Kindly make the following changes ( Ref. Mr
Vishaal’s guidance to us).
4.
We, Nivetha Enterprises, started our
operations under the visionary lights of Mr. A. M. Palanisamy, a Mechanical
Engineer who has wide of experience in this field and have though knowledge of
the products – Nivetha enterprises is a result of the vision of Mr A M
Palanisamy, a Mechanical Engineer who
has a wide experience in this field and a thorough knowledge of the products we
manufacture.
5.
It assists us in meeting the needs and
requirements of the customers with proficiency.
– His expertise and technical
knowhow helps us in meeting the needs and requirements of the customers
promptly.
6.
Our product line include Paper Cutting Knives,
Trimmer knives,HSS Circular Saws, Circular Slitters, Paper Sheeter Knives, Pipe
Cutting Machine, Pipe Bending Machine and many more related to our domain – Our product line includes Paper cutting
Knives, Trimmer Knives, HSS Circular Saws, Circular Slitters, Paper shearer
knives, Pipe cutting machines, Pipe bending machines and many more related
products.
7.
Our range find application in Printing industry,
Sheet metal industry, Plywood industry and tyre industry. – Our range finds application in printing
industry, Sheet metal industry, Plywood industry and the tyre Industry.
8. The robust infrastructural setup help us in meeting the bulk and immediate orders of our customers on time. – The robust infrastructural set up helps us in meeting the bulk order of our customers on time.
9. Today, our consistent business approach has helped us to successfully establish our presence in this industry sector. – Today our consistency in quality and delivery has helped us to successfully establish our presence in this industry.
10. If this inquiry is from other please call on 9840027662. This is the number of Mr. Palanisamy. All orders will be handled immediately. You can also write on www.lasercurknives.net . This is their website, created by Tradeindia, and has a facility to order or inquire through the website.
A small firm
doing well.
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.61.30 |
|
|
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.83.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.