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MIRA
INFORM REPORT
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Report Date : |
13.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
R.M.T. TOOLS
(INDIA) PRIVATE LIMITED |
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Registered Office : |
Amloh Road,
Opposite Friends Industries, Mandi Gobindgarh, Ludhiana – 147 301, Punjab |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
21.08.1995 |
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Com. Reg. No.: |
16-16921 |
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CIN No.: [Company Identification No.] |
U28939PB1995PTC016921 |
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TAN No.: [Tax Deduction & Collection Account
No.] |
PTLR11958C |
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PAN No.: [Permanent Account No.] |
AAACR8109E |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Manufacturer,
Supplier and Exporter of Complete Steel Rolling Mill Plants& CR
Coil Plants, EOT Cranes, and its allied machinery |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 6000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well
established and reputed company having satisfactory track records. Directors
are reported as experience and respectable businessmen. Trade relations are
reported as fair. Business is active.
Payments are usually correct and as per commitments. The company can
be considered normal for business dealings at usual trade terms and
conditions. |
LOCATIONS
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Registered Office : |
Amloh Road,
Opposite Friends Industries, Mandi Gobindgarh, Ludhiana – 147 301, Punjab,
India. |
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Tel. No.: |
91-1765-255642 ,
309642/ 257477 |
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Mobile No.: |
91-9417012953/
9417206376/ 9872071006 |
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Fax No.: |
91-1765-252291 |
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E-Mail : |
contact@rmttools.com/ rmttools@yahoo.com / aniljindal342@yahoo.com |
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Website : |
DIRECTORS
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Name : |
Mr. Singh Avtar |
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Designation : |
Director |
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Address : |
House No. 1006,
Sector - 71, Mohali , Punjab, India. |
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Date of Appointment : |
21.08.1995 |
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Name : |
Mr. Kumar Pawan |
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Designation : |
Director |
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Address : |
Gurunanak Colony,
Mawdi Gubi, Faithgarh Sahib – 147 301, Punjab, India. |
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Date of Appointment : |
21.08.1995 |
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Name : |
Mr. Kamaljit
Singh |
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Designation : |
Director |
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Name : |
Mr. Jaswant Kaur |
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Designation : |
Board of Director
(Resigned form Board of Directos w.e.f. 22.12.2004) |
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Address : |
Gurunanak Colony,
Mawdi Gubi, Faithgarh Sahib – 147 301, Punjab, India. |
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Date of Appointment : |
22.12.2004 |
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Name : |
Mr. Balbir Kaur |
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Designation : |
Board of Director
(Resigned form Board of Directos w.e.f. 22.12.2004) |
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Address : |
House No. 1006,
Sector - 71, Mohali, Punjab, India. |
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Date of Appointment : |
22.12.2004 |
MAJOR SHAREHOLDERS
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Names of
Shareholders |
No. of Shares |
|
Singh Avtar |
4515 |
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Kaur Balbir |
15500 |
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Kumar Pawan |
20195 |
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Kaur Jaswant |
6000 |
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Singh Bant |
1800 |
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Kaur Harbans |
1800 |
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Kaur Kamaldeep |
1800 |
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Kaur Suriwshi |
14300 |
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Singh Kamaljeet |
3300 |
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Singh Sadhu |
3000 |
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Singh Sarwan |
1800 |
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Kaur Rajwant |
1800 |
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Singh Didar Ujal |
1800 |
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Kaur Ramanjeet |
1800 |
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Singh Narinder |
1800 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer,
Supplier and Exporter of Complete Steel Rolling Mill Plants& CR
Coil Plants, EOT Cranes, and its allied machinery |
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Products : |
COUPLING Ø Gear
Coupling with Reduction Gear Box STANDS STRAIGHTENING MACHINE ROLLER GUIDE BOX MAGNETIC SEPARATOR Ø PINCH ROLL Ø SHEARING MACHINES Ø Bloom Billet
Shearing Machine Ø Cold-flat
End Cutting Shearing Machine Ø Plate Cutting
Shearing Machine Ø Hot end Cutting Shearing Machine Ø Rotary Shearing Machine (fix &
non fix type) GEARS & GEAR BOXES Ø Double
stage reduction gear Box SLAG GRINDING MACHINE FLYWHEEL Ø Flywheel |
GENERAL
INFORMATION
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Bankers : |
State Bank of Bikaner
& Jaipur, Mandi Gobindgarh |
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Facilities : |
Cash Credit Limit
of Rs. 0.500 Millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Motia Khan Chartered
Accountant |
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Address : |
Mandi Gobindgarh –
147 301, Punjab, India. |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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81210 |
Equity Shares |
Rs. 10/- each |
Rs. 0.812 Millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.812 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.745 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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1.557 |
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LOAN FUNDS |
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1] Secured Loans |
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2.760 |
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2] Unsecured Loans |
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2.942 |
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TOTAL BORROWING |
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5.702 |
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DEFERRED TAX LIABILITIES |
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TOTAL |
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7.259 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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2.794 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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8.347 |
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Sundry Debtors |
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0.688 |
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Cash & Bank Balances |
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0.466 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.663 |
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Total
Current Assets |
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10.164 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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5.587 |
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Provisions |
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0.117 |
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Total
Current Liabilities |
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5.704 |
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Net Current Assets |
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4.460 |
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MISCELLANEOUS EXPENSES |
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0.005 |
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TOTAL |
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7.259 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
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Sales Turnover |
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24.718 |
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Total Income |
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24.718 |
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Profit/(Loss) Before Tax |
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0.001 |
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Provision for Taxation |
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-- |
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Profit/(Loss) After Tax |
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0.001 |
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Expenditures : |
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Depreciation |
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0.429 |
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Other Expenses |
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242.88 |
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Total
Expenditure |
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243.309 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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0.01 |
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Debt Equity Ratio (Total Liability/Networth) |
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7.33 |
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Current Ratio (Current Asset/Current Liability) |
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1.78 |
LOCAL AGENCY
FURTHER INFORMATION
Bankers Charges
Report as per Registry
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Name of the Company |
RMT TOOLS (INDIA) PRIVATE LIMITED |
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Presented by |
Mr. Pawan Kumar |
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1. Date and description
of the instrument creating or evidencing the charge
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Hypothecation
Agreement dated 14.03.1997 |
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2. Amount secured
by the charge /amount owing on security of the charge |
Cash Credit Limit
of Rs. 0.500 Millions |
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3. Short Particular
of the property charged. If the property acquired is subject to
change date of acquisition of property should be
given
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Ø
Hypothecation
of goods, Book debts Ø
Equitable
Mortgage of company land & building |
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4. Gist of the terms
and conditions and extent and operation of the charge. |
Rate of Interest
14.5%, Margin 25%. Repayable on
demand. |
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5. Names, address
and description of the persons entitled to charge |
State Bank of
Bikaner & Jaipur, Mandi Gobindgarh |
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6. Date and brief
description of instrument modifying the charge |
Form C-2,
Agreement of Hypothecation of Goods & Assets dated 22.02.2005 and FORM
C-5 Letter regarding the grant of individual limits within the overall limit dated
22.02.2005 and recital letter of extension of equitable mortgage. |
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7. Particular of
modification specifying the terms and conditions or the extent
or operation of the charge in which modification is made and the details of modification |
Ø
Working
capital limit enhanced from Rs. 0.750 Millions to Rs. 1.500 Millions. Ø
Rate of
Interest 0.75% below Bank PLR with a minimum of 10% p.a. at monthly rests. Ø
Margin:
Stocks 25%, Book debts 40% Ø
Operation of
Charge 100% |
AS PER WEBSITE DETAILS:
They are the
leading manufacturer, supplier and exporter of Complete
Steel Rolling Mill Plants& CR Coil Plants, EOT Cranes, and its allied
machinery like Flywheels (C.I/M.S Casted) 1M.T to 20M.T Dynamically balanced
with forged class IV shafts, C.I Pulleys up to 80” of Diameter, Plumber Blocks,
Full range of Gear Couplings, Reduction Gear Boxes of desired Ratio, Pinion
Stands up to 24” CRS, Mill sands Either C.I or M.S made, up to 24” CRS. Another
option to have these one in Fiber type or Bearing type and complete Range of
Bearing Machines.
PROFILE:
They are pleased to
introduce theirselves under the name & style of R.M.T Tools (India) pvt
.Ltd located in Northern India in Mandi Gobindgarh (PB), known as the steel hub
of India. It is their honor to submit that their concern came into existence in
1995 & In a short span of time, it has become one of the leading
manufacturers of complete steel rolling mill plants. This is only because of
three following points, which they had adopted strictly.
Quality
Time Bound Services
Competitive Prices
The company is
involved in manufacturing of complete Steel Rolling Mill plants and its allied
machinery like Flywheels (C.I/M.S Casted) 1M.T to 20M.T Dynamically balanced
with forged class IV shafts, C.I Pulleys up to 80” of Diameter, Plumber Blocks,
Full range of Gear Couplings, Reduction Gear Boxes of desired Ratio, Pinion
Stands up to 24” CRS, Mill sands Either C.I or M.S made, up to 24” CRS. Another
option to have these one in Fiber type or Bearing type and complete Range of
Bearing Machines.
Now they have
already supplied the Steel Rolling Mill Plants/Machinery in almost all the
parts of Country. More then 50 of their regular customers are ready to say
about us. Their manufacturing unit is systematic Engineering Company, which
leans to its job in a systematic way to manufacture machinery. The drawings are
prepared first before carry on to a job the design is studied thoroughly by
their Engineers. That is sent to get into the shape. They provide thoroughly
specified quotations to their customers at no cost. They provide consultancy to
re-arrange / modify the existing Steel Plants and suggest necessary
modifications required for better milking of the steel plants. The unique
design of Steel Rolling Mill Machinery facilitates you diversify the product
range by changing only roll set in least time. Their products are
just reaching to the standards of ISO-9002 by using internationally specified
materials/techniques. After covering the whole market in India, they are now
looking forward to enter the area of Export too.
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.42.86 |
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UK Pound |
1 |
Rs.84.75 |
|
Euro |
1 |
Rs.57.71 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
YES |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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