MIRA
INFORM REPORT
|
Report Date : |
29th
June, 2006. |
IDENTIFICATION
DETAILS
|
Correct Name : |
MANALI
GROUP OF INDUSTRIES |
|
|
|
|
Registered Office : |
19/6
Mathura Road, Faridabad, Haryana, India. |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2005 |
|
|
|
|
Date of Incorporation : |
1984 |
|
|
|
|
Legal Form : |
Sole
Proprietory Concern |
|
|
|
|
Line of Business : |
Manufacturier,
Importers, Traders and Exporters of SG. Steel Casting, Alloy & Steel
Casting, Forged, Casting Machines, Assembles, Design Equipment from concept
and make at reality for Steel Industries, Petrochemicals, Power & Rly and
General Engineering Industry for more detail see website Heavy Engineering
Equipments. |
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
200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow
but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject
is a large sized diversified engineering concern. Trade relations are fair.
Payments are slow but correct. The
concern can be considered for normal business dealings at usual trade terms
and conditions. |
LOCATIONS
|
Registered Office/ Corporative Office : |
19/6
Mathura Road, Faridabad, Haryana, India. |
|
Tel. No.: |
91-129-4106062/
3951061 |
|
Mobile No.: |
91-9313224168 |
|
Fax No.: |
91-129-5017955 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
40000
sq. mtrs. |
|
Location : |
Owned |
|
|
|
|
Factory
1 : |
Industrial
Area, Ludhiana & G.T. Road, Ludhiana, Ahmedabad |
|
Area : |
1250000
sq. mtrs. |
|
|
|
|
Factory
2 : |
Malerkotla
(Punjab) |
|
Area : |
66000
sq. mtrs. |
|
|
|
|
Branches
: |
Dubai.
U.K., Switzerland, Singapore etc. |
SOLE PROPRIETOR
|
Name : |
Mr.
Naresh Sharma (HUF) |
|
Designation : |
Chief
Executive Officers |
|
Date of Birth/Age : |
46
Years |
|
Qualification : |
Mechenical
Engineering |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing,
Importers, Trader and Exporters of SG. Steel Casting, Alloy & Steel
Casting, Forged, Casting machines, Assembles, Design Equipment from concept
and make at reality for Steel Industries, Petrochemicals, Power & Rly and
General Engineering Industry for more detail see website Heavy Engineering
Equipments. |
|
|
|
|
Exports to : |
U.K,
USA, Europe & Netherland |
|
|
|
|
Imports from : |
Japan,
Germany, Russia & Korea. |
|
|
|
|
Terms : |
|
|
Selling : |
L/C,
Cash, Sight and Credit (30 Days) |
|
|
|
|
Purchasing : |
L/C,
Cash, Sight and Credit (30 Days) |
PRODUCTION
STATUS
|
Particulars |
Actual Production |
|
SG.
Steel & Alloy Casting |
2800
Tonnes Per Annum |
|
Others
Casting, Forged, Machined etc. |
1800
M. Tonnes Per Annum |
GENERAL
INFORMATION
|
Customers : |
Export
Trading & Local |
|
|
|
|
No. of Employees : |
5500 |
|
|
|
|
Bankers : |
v
Citi
Bank, Faridabad & New Delhi
Credit Limit: Rs. 1000.000 Millions v
Canara
Bank, Faridabad & New Delhi v
Arab
Bank & Dubai Bank v
Dubai
Bank |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking Relations : |
-- |
|
|
|
|
Auditors : |
Ajay
& Ajay Company, Ludhiana |
|
|
|
|
Sister Concern: |
Engineering
Division, Steel Division, Foreign Division, Casting Division and Heavy
Engineering Equipments Divisions in Various parts of India & At Dubai. |
CAPITAL STRUCTURE
|
Capital
Investment : |
|
|
Owned : |
Rs.
60.000 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.
60.000 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
|
Particulars |
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
Sales Turnover |
1450.000 |
1430.000 |
1400.000 |
|
|
|
|
|
|
Trading Turn Over for Urea |
4200.000 |
5000.000 |
4200.000 |
LOCAL AGENCY
FURTHER INFORMATION
TRADE
REFERENCES:
v
Ministry
of Railways
v
Heavy
Engineering Industry in India
v
Almuzuri
Manali LLC
v
Ministry
of Defence
They
Import Machinery and Equipments from Japan, Germany, Russia & Korea.
They
Export Steel and S.G. Casting & Urea to U.K, USA, Europe & Netherland.
AS
PER WEBSITE:
They cast, forge,
fabricate, machine & assemble under one roof. They design equipments from
concept and make it a reality.
They manufacture
products in accordance with customers' specifications and regulatory
requirements with a view to achieve total customer satisfaction in terms of
quality as well as delivery.
Profile
MANALI
GROUP is
one of the leading Heavy Engineering Equipment Manufacturer set up over decades ago to meet the ever growing and
exacting needs of the industrial core sector.
During the course of their operation they have been associated with
almost every major Sectors that have been set up in the field of Power, Oil, Steel, Mining,
Railways, Cement, Sugar, Defense,
Petrochemicals and Construction Industry.
MANALI
has different manufacturing units in India,
and about 25 are the approved sub –
contractors units have a total strength of 5500 work force backed by 1350 Nos
most modern sophisticated, versatile machine tools. They acquired a prestigious position in Indian Heavy Industries
as an Equipment Builder, Technology Supplier and Turnkey Contractor of large
Projects. With over 22 years of
engineering experience, technical
know-how coupled with modern design,
manufacturing, NDT facilities.
THEIR FACILITIES
v
Full
fledged computerized design office with
CAD Stations, Scanners, Plotters etc. for carrying out detail designing
work.
v
Heavy Machine Building Shops - equipped with more
than 450 conventional and CNC Machine
Tools with machining capacity upto 50 tons, single piece, Heavy Material
Handling, Structural and Technological Fabrication, Heat Treatment &
Stress Relieving, Testing (Chemical & Physical Labs, Spectrometer, NDT-Die
Penetrant, Ultrasonic Magnetic Particle, Radiography etc.) and other
industry related facilities.
v
ISO
9002 accredited Cast Steel/Alloy Steel,
Grey Iron and SG Iron Foundry with an
annual capacity of 18000 tons per annum producing castings theyighing from 20 kg to 16 ton single piece
in finish machined and upto 22 ton in cast condition. They have an annual capacity of 28000 tons per annum in Iron Castings weighing from 50 kg to 32 ton single piece in as cast
or in finish machined condition.
v
S.G.
Iron Castings single piece upto 10 Ton.
v
Forge
shop producing open and close die forgings
upto 5 tonne single piece.
v
Fully
equipped to undertake complete turnkey work of
revamping of old Equipments with imported hydraulics/electronic
components and give the equipment with
12 months guarantee.
The operations of their Company
is divided into two Major Divisions.
1.
Manufacturing Division
2.
Turnkey Division
MANUFACTURING DIVISION:
This
division comprises of eight manufacturing plants located in the India,
under one roof. They have
facilities for Heavy Fabrication, Machine Shop equipped with large size Machine
Tools both CNC and manual of reputed foreign manufacturers, a light Machine & Fabrication Shop, Alloy Steel Foundry and Grey Iron
Foundry.
EQUIPMENT MANUFACTURING
(CONSTRUCTION/MATERIAL HANDLING & MINING)
They
are manufacturing following
Equipments in their plants:
(1)
Loader Cum Excavator
(2)
Single Drum Vibratory Roller
(3) Double Drum Vibratory Roller
(4)
10 T ‘Pick N Carry’ Mobile Crane
(5)
15 T ‘Pick N Carry’ Mobile Crane
(6)
Front End Loader
(7)
Excavator
(8)
Side Discharge Loader
(9)
Crawler mounted mobile Universal Drill
(10)
Part and components for Excavator and Loader
All the above equipments being manufactured by
us are of the highest quality materials and workman ship and each equipment is
carefully tested for full efficiency prior to dispatch.
THEIR EXPERIENCE IN POWER PLANTS:
Over the past several decades,
they have very successfully manufactured items for the Thermal, Hydro, Atomic and Wind Mill power plants, a
representative list of the items are mentioned below:-
|
Sl.No |
Item |
Sl.No |
Item |
|
0.1 |
Vertical Mill |
1.1 |
Engineering Items |
|
1.1.1 |
Separator Body |
1.1.2 |
Mill Side Air Inlet Housing |
|
1.1.3 |
Roller Assembly |
1.1.4 |
Exhauster Casing |
|
1.1.5 |
Grinding Roll |
1.1.6 |
Classifier & Conveyor
Assembly |
|
1.1.7 |
Mill Bottom |
1.1.8 |
Air Seal Housing |
|
1.2 |
CASTINGS |
1.2.1 |
Mill Base & Gear Housing |
|
1.2.2 |
Upper & Lower Skirt
Segments |
1.2.3 |
General Opening Cover |
|
1.2.4 |
Suction Cone (Top & Bottom)
|
1.3 |
Other Engineering Items |
|
1.3.1 |
Sheaves |
1.3.2 |
Bearing Shell |
|
1.3.3 |
Connecting Head Cover |
1.3.4 |
Shaft |
|
1.3.5 |
Pedestal |
1.3.6 |
Mounting Plate |
|
1.3.7 |
24” Coal Valve Body |
1.3.8 |
Tanks |
|
1.3.9 |
Frame End Studded |
1.3.10 |
Cheeks Castings |
|
1.3.11 |
Hold Down Ring |
1.3.12 |
Drive Joint |
|
1.3.13 |
Ni-Hard Coal Crushing Ring |
1.3.14 |
Throat Armour Liners (Ni-Hard) |
|
2.0 |
Ball Mill |
2.1 |
Top Bottom Grinding Ring |
|
|
|
|
|
|
3.0 |
Circulation Water Pumps |
3.1 |
Branch Delivery |
|
3.2 |
Plate Foundation |
3.3 |
Pipe Top Support |
|
3.4 |
Pipe Intermediate Support |
3.5 |
Pipe Bottom Support |
|
3.6 |
Spider Intermediate Bearing
Bracket |
3.7 |
Pump Casing |
|
3.8 |
Bell Mouth |
3.9 |
Impeller |
|
3.10 |
Gland |
3.11 |
Gland Bowl |
|
3.12 |
Booster Pump (Top & Bottom)
|
3.13 |
M.O.P. Casing (Top &
Bottom) |
|
4.0 |
Condensate Extraction Pumps |
4.1 |
First Stage Pump Casing |
|
4.2 |
Interstage Pump Casing |
4.3 |
Delivery Stage Pump Casing |
|
4.4 |
Raising Main |
4.5 |
Suction Bell Mouth |
|
4.6 |
Impeller |
|
|
|
|
HYDEL POWER |
|
|
|
0.1 |
Stator Frame Sole Plate |
0.2 |
Stator
Core Clamping Assembly |
|
0.3 |
Upper Bearing Bracket |
0.4 |
Lower Bearing Bracket |
|
0.5 |
Upper Floor |
0.6 |
Collector Hood |
|
0.7 |
Stator Handling Tooling |
0.8 |
Stator Stacking Tooling |
|
0.9 |
Rotor Stacking |
10 |
Spiral Casing |
|
11. |
Stator Stand |
12 |
Rotor Spinder |
|
13. |
Body |
14. |
Impeller |
|
15 |
Draft Tube |
16. |
Stay Ring |
|
17. |
Clamping Rotor Rim |
18 |
Bearing Track |
|
19. |
Lower Guide Bearing |
20 |
Concrete Volute Pumps |
|
21. |
Vertical Turbine Pumps |
22. |
Booster Pumps |
IN WIND
MILL:
They
are also manufacturing Wind Mill Components like Fabricated “Tower, Round
Parts, Rotor Hubs and Flanges etc. A copy of
reference list is enclosed herewith for the ready reference.
TURNKEY CONTRACT DIVISION:
In the Turnkey Contract Division they
undertake Contracts on turnkey basis with Consortium Partners well known the
world over. The turnkey division is normally headed by a very Senior
Qualified Person to Monitor the Project
Management of the Division. The Turnkey
Project Divisions are based in NEW DELHI
manned by over 80 Engineers from disciplines ranging from expertise,
technology, engineering and project co-ordination. The in- house engineering activities are aided by a most modern
EDP Centre and CAD/CAM facilities to support the requirements of basic & detailed engineering and project management.
AVAILABILITY OF EXTENSIVE
TURNKEY FACILITIES.
They
have a fully equipped design, engineering and project management office
equipped with highly experienced engineers in
NEW DELHI to undertake the complete design and engineering of even very
specialized Fire Protection Systems.
In addition to the above, they have a
huge infrastructure facilities of man Power
& Machinery deployed at the various sites, which can execute big
contracts.
CAPACITY:
They
are in a position to supply / sale 1000 Tons of structural steels per month,
which is readily available in their stock yard. Supply can be improved to
meet the specific COSTS: They have the capability to supply the
goods by Road / Railway, ensuring delivery of the goods in shortest possible
time and in most safe condition, as they are
having a fleet of cranes / tractor-trailers, for material handling. These Machines are always available to meet
the urgencies.
CIVIL
CONSTRUCTION
THEY
ARE IN THE FIELD OF THE CIVIL CONSTRUCTION OF HIGH RISE BUILDINGS, ROADS,
BRIDGES ETC
INTERNATIONAL
TRADINGS
Apart
from all these activities they are doing the international trading of the
followings:
- UREA 46%
- STEEL
- CEMENT OF ALL GRADES
- HMS
- FUEL OIL
- EARTH MOVING MACHINERY
- WORK SHOP MACHINERY NEW AND
OLD
Design
& Engineering
Their services include full
fledged computerized design office with CAD Stations, Scanners, Plotters
etc. for carrying out detail designing work.
Casting
ISO 9002 accredited Cast
Steel/Alloy Steel, Grey Iron and SG Iron Foundry with an annual
capacity of 18000 tons per annum producing castings weighing from 20 kg to 16
ton single piece in finish machined and upto 22 ton in cast condition. They
have an annual capacity of 28000 tons per annum in Iron Castings weighing from
50 kg to 32 ton single piece in as cast or in finish machined condition.
Steel
making
They have ISO 9002
accredited Cast Steel/Alloy Steel, Grey Iron and SG Iron Foundry
with an annual capacity of 18000 tons per annum producing castings weighing
from 20 kg to 16 ton single piece in finish machined and upto 22 ton in cast
condition. They have an annual capacity of 28000 tons per annum in Iron
Castings weighing from 50 kg to 32 ton single piece in as cast or in finish
machined condition.
Fabricating
Their manufacturing
division comprises of different manufacturing plants located in the India,
under one roof. They have facilities for Heavy Fabrication, Machine Shop
equipped with large size Machine Tools both CNC and manual of reputed foreign
manufacturers, a light Machine & Fabrication Shop, Alloy Steel Foundry and
Grey Iron Foundry.
Forging
Their forge shop produces
open and close die forgings upto 5 tonnes single piece.
Machining
Their
Heavy Machine Building Shops are equipped with more than 450 conventional and
CNC Machine Tools with machining capacity upto 50 tons, single piece, Heavy
Material Handling, Structural and Technological Fabrication, Heat Treatment
& Stress Relieving, Testing (Chemical & Physical Labs, Spectrometer,
NDT-Die Penetrant, Ultrasonic Magnetic Particle, Radiography etc.) and other
industry related facilities.
Turnkey
Projects
In
the Turnkey Contract Division they undertake Contracts on turnkey basis with
Consortium Partners well known the world over. The turnkey division is normally
headed by a very Senior Qualified Person to Monitor the Project Management of
the Division. The Turnkey Project Divisions are based in NEW DELHI manned by
over 80 Engineers from disciplines ranging from expertise, technology,
engineering and project co-ordination. The in- house engineering activities are
aided by a most modern EDP Centre and CAD/CAM facilities to support the
requirements of basic & detailed engineering and project management.
The
Turnkey division is fully equipped to undertake complete turnkey work of
revamping of old Equipments with imported hydraulics/electronic components and
give the equipment with 12 months guarantee.
Railways
They manufacture Bogies
coaches, Freight Wagons & Electrical Multiple Unit (EMU). Their many Bogie
Frames are already working successfully in the Indian Railways. Their rigid
quality control ensures ability to withstand heavy impact.
They can undertake
manufacture of flexi coil and other special purpose Bogies as per customer
requirement. In-house non destructive testing like dye penetration, magnetic
particle, ultrasonic and radiography are available.
Fire
Fighting Equipments
Dynamic
Manali
Industries is leading manufacturer/ exporter of complete range of Dynamic
Brand Fire Fighting and rescue equipments as per National and International
standard to fulfill the need the need of Domestic & International market
through domestic sales and through European trade association.
Their
main aim is to safe guard the valuable assets from the monster known as Fire.
Products Range
Stored Pressure Dry Powder Fire
Extinguisher with 'Abc' and 'Bc' Powder
Dry Powder Extinguisher with 'Bc and
'Abc' Powder
Range of Water Type Fire Extinguisher
Range of Mechanical Foam Type Fire
Extinguisher
Dcp/Abc Fire Extinguisher 150 Kgs To
2000 Kgs
First Aid Hose Reel with Nozzle
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 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 |
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 |