MIRA
INFORM REPORT
|
Report Date : |
26th
June 2006 |
IDENTIFICATION
DETAILS
|
Name : |
KRISHNA
HAMMERS |
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Registered Office : |
F-670 Industrial Area Bhiwadi (Distt. Alwar) 3001019, Rajasthan India |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
October
2004 |
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Legal Form : |
A sole
proprietorship concern |
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Line of Business : |
Manufacturers
and traders of auto parts forged components |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Maximum Credit Limit : |
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Status : |
Moderate |
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Payment Behaviour : |
Slow
But Correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a relatively new concern having moderate track records. Trade relations
are fair. Payments are reported as slow but correct. The
concern can be considered for small to mediocre business dealings at usual
trade terms and condition. |
LOCATIONS
|
Registered Office / Factory: |
F-670
Industrial Area Bhiwadi (Distt. Alwar) 3001019, Rajasthan,
India |
|
Tel. No.: |
91-1493-221573
/ 221572 / 222112 / 413665 |
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Mobile No.: |
91-9351364835 |
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Fax No.: |
01493-412087 |
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E-Mail : |
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Website : |
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Area : |
Owned
– 2004 sq. mtrs |
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Branch: |
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Area : |
Leased
– 20 X 20 sq. fts. |
SOLE PROPRIETOR
|
Name : |
Mrs.
Rakesh Kumari |
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Designation : |
Proprietor |
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Date of Birth/Age : |
45
years |
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Qualification : |
Graduate
|
KEY EXECUTIVES
|
Name
: |
Mr.
Kishan Lal |
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Designation
: |
Key
Executive |
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Address
: |
91-9810064835 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers
and traders of auto parts forged components |
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Terms : |
|
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Selling : |
L/C,
Cash and Credit (30 days) |
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Purchasing : |
Cash,
Credit (30 days) and Against Documents |
GENERAL
INFORMATION
|
Customers : |
Local
Customers |
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No. of Employees : |
In office
5 + in factory 50 |
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Bankers : |
State
Bank of Bikaner & Jaipur, Bhiwadi |
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Facilities : |
Cash
Credit Limit : Rs. 5.000 millions |
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Banking Relations : |
-- |
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Auditors : |
Juneja
& Associates Chartered
Accountants New
Delhi |
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Sister Concern : |
Sonia
Forging Private Limited Bhiwadi
Distt Alwar Line
of Business : Forged Components |
CAPITAL STRUCTURE
|
Capital
Investment : |
|
|
Owned : |
Rs.
8.500 millions |
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Borrowed : |
-- |
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Total : |
Rs.
8.500 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
|
Particulars |
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|
31.03.2006 |
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Sales Turnover |
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60.000 |
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Profit/Loss for the year |
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4.500 |
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LOCAL AGENCY
FURTHER INFORMATION
The
concern is in trade terms with :
- Hero Honda Limited
- Stun Micro Processing
- Limited, Gurgaon
AS PER WEBSITE
About Us
Krishna Hammers is the most eminent manufacturer and exporter
of Precision Turned Components & Machinery, CNC Machined
Components, Cylinder Grinding Machines and Automotive Components.
Since its inception in the year 1981, they have grown tremendously and emerged
out as the most ideal company to satisfy the requirements and specification of
customers spread all over the globe. Its premium quality products at most
affordable rates have propelled us to achieve maximum degree of customer
satisfaction and a respectable name among the customers. This pro-active
services, customer care and impeccable quality products which places us far
ahead of the competitors. They have the best warehouse and shipping facilities
so that the goods reach to the customers without any hassle and on requested
time. The overwhelming response of worldwide clients has helped us to elevate
its standards of excellence.
Product Range
They are able to successfully cater to the diverse needs of the clients with
the support of efficient and dedicated team of skilled workers who work with
utmost dedication to deliver quality assured products. Its wide and comprehensive range of products
include:
- Precision Turned Components
& Machinery Components
- CNC Machined Components
- Cylinder Grinding Machines
- Automotive Components
Infrastructure
The company have a state of the art infrastructure clubbed with requisite
technology and superb working environment. They incorporate well-equipped
manufacturing plants capable of carrying out customized as well as bulk orders
in accordance with the client specifications. The company’s manufacturing unit
is complacent with the modern machineries which yield excellent results at low
cost. Skillful and highly qualified workers and professionals are its
pillars of success. The company’s comprehensive set-up has helped us to become
the most renowned manufacturer and exporter of Precision Turned
Components & Machinery, CNC Machined Components, Cylinder Grinding Machines
and Automotive Components in India.
Quality
- Strict quality controls
adhering to national and international standards are adopted from
procurement stage to final stage of dispatch of finished products.
- All products are sourced
from the superlative quality of raw material to ensure flawless
manufacturing.
- Its quality control unit is
clubbed with all the latest market machineries and equipments.
- Only those products are
exported, which pass all the stringent & standard quality tests.
Company Profile
Business Type Exporter
, Manufacturer
Sales Volume Rs.
4 Crore
No of Staff 30
Year of Establishment 1981
No of Production Lines 3
Export Markets Worldwide
OEM Service Provided Yes
No of Engineers 4
Monthly Production Capacity 700
Tones
Product Range
Precision Turned Components & Machinery , CNC Machined Components, Cylinder
Grinding Machines, Automotive Components
CMT REPORT [Corruption, Money
laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts, India Prisons Service, Interpol, etc.
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] 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.46.20 |
|
UK
Pound |
1 |
Rs.84.57 |
|
Euro |
1 |
Rs.58.12 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
|
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
|
|
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
36 |
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |