MIRA
INFORM REPORT
|
Report Date : |
29th
June, 2006. |
IDENTIFICATION
DETAILS
|
Name : |
ALPINE
STAMPING |
|
|
|
|
Registered Office : |
322,
Adhyaru Industrial Estate, Sun Mill Compound, Lower Parel (West), Mumbai –
400 013, India. |
|
|
|
|
Country : |
India |
|
|
|
|
Date of Incorporation : |
1997 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMA11980D |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AADFA1295N |
|
|
|
|
Legal Form : |
Sole
Proprietory Concern |
|
|
|
|
Line of Business : |
Manufacturing
of Stamping and Laminations, and also Manufacturer & Seller of CNRO/
CRGO/ CRCA, Electrical, Stampings, laminations, E & U, U & T, Table
fans, Ceiling Fans, Mixi, Pump, Windmill, FTC Chokes and Transformers. |
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 |
|
Maximum Credit Limit : |
USD
20000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually
Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject
is a well-established concern having satisfactory track. Trade relations are
fair. General financial position is satisfactory. Payments are correct and as
per commitments. The
concern can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
|
Registered Office : |
322,
Adhyaru Industrial Estate, Sun Mill Compound, Lower Parel (West), Mumbai –
400 013, India. |
|
Tel. No.: |
91-22-30420555 |
|
Mobile No.: |
91-9377000717 |
|
Fax No.: |
91-22-30420556 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000
sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory/
Godown: |
Survey No. 336/1, 338/ 1 – B, Kachigam,
Nani Daman – 396 210, Gujarat, India. |
|
Tel.
No.: |
91-260-2243524 |
|
Mobile
No.: |
91-9377000717 |
|
Fax
No.: |
91-260-2241465/
2241776 |
|
E-Mail
: |
|
|
Website: |
|
|
Area : |
25000
sq. ft. |
|
|
|
|
Branch: |
224,
Adhyaru Industrial Estate, Sun Mill Compound, Lower Parel (West), Mumbai –
400 013, India. |
|
Tel.
No.: |
91-22-3691633 |
SOLE PROPRIETOR
|
Name : |
Mr.
Indarjit Chakraborty |
|
Designation : |
Proprietor |
|
Mobile No.: |
91-9377000717 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing
of Stamping and laminations. And also Manufacturer & Seller of CNRO/
CRGO/ CRCA, Electrical, Stampings, laminations, E & U, U & T, Table
fans, Ceiling Fans, Mixi, Pump, Windmill, FTC Chokes and Transformers. |
|
|
|
|
Products : |
v
Auto
Stacked & Auto Skewed Rotor & Stator Stampings. v
Ballasts
& Transformers v
Laminations v
Sheet
Metal Components v
Motor/
Fan Stampings |
|
|
|
|
Terms : |
|
|
Selling : |
Cash
& Credit (60 Days) |
|
|
|
|
Purchasing : |
Cash
& Credit (30 Days) |
GENERAL
INFORMATION
|
Customers : |
Local
manufacturing Units in Daman & Silvassa and Trader in Mumbai |
|
|
|
|
No. of Employees : |
507 |
|
|
|
|
Bankers : |
v
State
Bank of India, Lower Parel (West) Branch, Mumbai – 400 013. v
State
Bank of India, Somnath Branch, Daman – 396 215. |
|
|
|
|
Facilities : |
Credit
Limit: Rs. 2.500 Millions approx. |
|
|
|
|
Banking Relations : |
Satisfactory |
CAPITAL STRUCTURE
|
Capital
Investment : |
|
|
Owned : |
Rs.
5.000 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.
5.000 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
|
Particulars |
|
|
31.03.2006 |
|
Sales Turnover |
|
|
30.000 |
Average
Stock maintained: Rs. 2.000 Millions p.m.
LOCAL AGENCY FURTHER
INFORMATION
AS
PER WEBSITE:
Company
Profile:
ALPINE STAMPINGS, one of the largest manufacturers of Stampings and Laminations in western India, was founded in 1997 with a vision to supply high precision quality electrical steel stampings & laminations. The company manufactures stampings used across a variety of products like transformers, ballasts, motors, pumps, fans, wind mill generators and other special purpose applications. With time, a capability to manufacture and offer value added products like ballasts, transformers, die casted components, etc has also been achieved.
They
are a professionally run company with a team of highly dedicated and trained
personnel who are constantly trained to upgrade their skill levels.
Theirs
is a modern press shop and tool room facility with the very best in tool and
coil handling equipments. The line up includes geared, ungeared, pneumatic,
mechanical and hydraulic presses of various tonnages.
Their
latest addition is an imported high speed press of 200T. This gives us a added
capability to produce stampings on progressive tools of a diameter up to 350mm.
They
can provide end to end services right from slitting & shearing to stacking,
punching, die casting and winding from their plant in Central Sales tax exempt
Union territory of Daman.
They utilize high precision, high speed progressive toolings
to deliver identical components throughout the product life. Specific designs
are continuously developed as per clients' requirements.
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] 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.46.40 |
|
UK
Pound |
1 |
Rs.84.50 |
|
Euro |
1 |
Rs.58.32 |
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 |
YES |
|
--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 |
|
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 |
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 |