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MIRA INFORM REPORT
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Report No. : |
503544 |
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Report Date : |
12.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUNBEAM APPLIANCES |
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Registered
Office : |
Gut No. 1304/2, Post Yellur, Taluka Walwa, Near Sai
International Hotel, Off Pune-Bangalore Highway, District Sangli – 415411,
Maharashtra |
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Mobile No.: |
91-2342-250000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2018 |
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Year of
Establishment : |
1984 |
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Capital
Investment : |
Not Divulged |
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IEC No.: [Import-Export Code No.] |
0399024115 |
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TIN No.: |
27480304264 |
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GSTN : [Goods & Service Tax
Registration No.] |
27ACAPS4241F1ZS |
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PAN No.: [Permanent Account No.] |
ACAPS4241F |
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Legal Form : |
Sole Proprietary Concern |
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Line of Business
: |
Manufacturer and Exporter of Industrial Air Conditioner such as Panel Air
Conditioner, Oil Chillers, Process Water Chillers, Air-to-air Heat
Exchangers, etc. [Confirmed by Management] |
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|
|
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No. of Employees
: |
60 [Approximately] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Exist |
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Comments : |
Subject
is a proprietorship concern established in the year 1984 and it is a
manufacturer and exporter of industrial air conditioner such as panel air conditioner,
oil chillers, process water chillers and air-to-air heat exchangers. Mr.
Shripath Karve (Accounts Manager) has provided information and he claimed
that the subject has achieved a sales turnover of INR 164 million in the FY
2018 and INR 112.8 million in the FY 2017. However, the figures are not
verified. Rating
takes into consideration the subject’s established track record of business
operations and sound sales turnover profile. Payments
seems to be usually correct. In view of aforesaid, the subject can be considered 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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 12.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY
|
Name : |
Mr. Shripath Karve |
|
Designation : |
Accounts Manager |
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Contact No.: |
91-9322901724 |
|
Date : |
11.04.2018 |
LOCATIONS
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Registered Office : |
Gut No. 1304/2, Post Yellur, Taluka Walwa, Near Sai
International Hotel, Off Pune-Bangalore Highway, District Sangli – 415411,
Maharashtra, India |
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Tel. No.: |
91-2342-250000 |
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Mobile No.: |
91-9323487563/ 9322901724 (Mr. Shripath Karve) |
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Fax No.: |
Not Available |
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E-Mail : |
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Location : |
Owned |
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Locality : |
Industrial |
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|
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Branch Office : |
Row House No. 37/38, Vasant Vihar Row House CHS, Pokharan Road. No. 2,
Vasant Vihar, Thane (West), Thane - 400610, Maharashtra, India |
SOLE PROPRIETOR
|
Name : |
Mr. Sujit Suryakant Samant |
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Designation : |
Proprietor |
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Date of Birth/Age : |
55 Years |
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Qualification : |
B.E. |
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PAN No.: |
ACAPS4241F |
KEY EXECUTIVES
|
Name : |
Mr. Shripath Karve |
|
Designation : |
Accounts Manager |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Industrial Air Conditioner such as Panel
Air Conditioner, Oil Chillers, Process Water Chillers, Air-to-air Heat
Exchangers, etc. [Confirmed by Management] |
|
|
|
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Products/ Services : |
Industrial Air Conditioner such as Panel Air Conditioner, Oil
Chillers, Process Water Chillers, Air-to-air Heat Exchangers, etc. |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
Middle East Countries |
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Imports : |
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Products : |
Spare Parts and Components |
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Countries : |
· Spain · Indonesia |
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Terms : |
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Selling : |
L/C, Cheque, Credit [60 Days] and Others [Bank Transfer] |
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Purchasing : |
L/C, Cheque, Credit [60 Days] and Others [Bank Transfer] |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
60 [Approximately] |
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Bankers : |
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Auditors : |
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Name : |
Deepak Ook and company Chartered Accountants |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
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 : |
Not Divulged |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
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PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Sales Turnover (Approximately) |
164.000 |
112.800 |
122.200 |
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[Due to more
order] |
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The above information has been parted by Mr. Shripath Karve [Accounts
Manager]
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
FINANCIAL ANALYSIS
[all figures are
in INR Million]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales (Approximately) |
122.200 |
112.800 |
164.000 |
|
|
|
(7.692) |
45.390 |
LEGAL CASES
CIVIL COURT SENIOR DIVISION, PUNE
CASE DETAILS
Case
Type: Spl.Sum.Suit
Filing Number: 2195/2017Filing
Date: 15-03-2017
Registration Number: 66/2017Registration
Date: 22-03-2017
CNR Number: MHPU02-001542-2017
Case Status
First Hearing Date: 03rd April
2017
Next Hearing Date: 04th July
2018
Stage of Case: Unready Board
Court Number and Judge: 77-8TH
JOINT C.J.S.D AND ADDL C.J.M PUNE
Petitioner and Advocate
1)
M/s Crystal Ventilations Private Limitd Through Amey Shrikant Walimbe
Advocate- S. Tamhankar
Respondent and Advocate
1)
Sujit Suryakant Samant Prop. Of M/s Sunbeam Appliances
Acts
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Under
Act(s) |
Under Section(s) |
|
Civil
Procedure codes |
O37 |
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History of Case Hearing |
|
|
Registration Number |
Judge |
Business
On Date |
Hearing
Date |
Purpose
of hearing |
|
66/2017 |
8TH JOINT C.J.S.D AND ADDL C.J.M PUNE |
03-04-2017 |
12-04-2017 |
First Order |
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66/2017 |
8TH JOINT C.J.S.D AND ADDL C.J.M PUNE |
12-04-2017 |
23-06-2017 |
First Order |
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66/2017 |
8TH JOINT C.J.S.D AND ADDL C.J.M PUNE |
23-06-2017 |
16-08-2017 |
First Order |
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66/2017 |
8TH JOINT C.J.S.D AND ADDL C.J.M PUNE |
16-08-2017 |
12-10-2017 |
First Order |
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66/2017 |
8TH JOINT C.J.S.D AND ADDL C.J.M PUNE |
12-10-2017 |
28-11-2017 |
First Order |
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66/2017 |
8TH JOINT C.J.S.D AND ADDL C.J.M PUNE |
28-11-2017 |
22-01-2018 |
First Order |
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66/2017 |
8TH JOINT C.J.S.D AND ADDL C.J.M PUNE |
22-01-2018 |
12-03-2018 |
Unready Board |
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66/2017 |
8TH JOINT C.J.S.D AND ADDL C.J.M PUNE |
12-03-2018 |
10-04-2018 |
Unready Board |
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66/2017 |
8TH JOINT C.J.S.D AND ADDL C.J.M PUNE |
10-04-2018 |
04-07-2018 |
Unready Board |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details |
No |
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5 |
Buyer visit details |
-- |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
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19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
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21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
Yes |
|
23 |
Financials, if provided |
No |
|
24 |
Capital in the business |
No |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
No |
|
30 |
Major shareholders, if available |
No |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
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 |
INR 65.13 |
|
|
1 |
INR 92.52 |
|
Euro |
1 |
INR 80.59 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
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Analysis Done by
: |
VIV |
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Report Prepared
by : |
RUP |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial condition covering various ratios
·
Company background and operations size
·
Promoters / Management background
·
Payment record
·
Litigation against the subject
·
Industry scenario / competitor analysis
·
Supplier / Customer / Banker review (wherever
available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·