MIRA
INFORM REPORT
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Report Date : |
04.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
ATLAS EQUIPMENTS |
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Registered Office : |
K2-205-206/6, GIDC –II, Dediyasan Opposite Telephone Exchange, Mesana
– 384 004, Gujarat |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
April, 2005 |
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Legal Form : |
Partnership concern with an Unlimited Liability of the partners |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AHMA06553B |
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PAN No.: [Permanent
Account No.] |
AALFA7844B |
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Line of Business : |
Manufacturer of Double Beam Screed Vibrator, Vacuum De-watering
System, Groove Cutting Machine, Power Floater Cum Trowel, Reinforcement Bar Cutting Machine Control
Panel, Automatic Fly Ash Bricks Plant, Asphalt Drum Mix Plant, Asphalt Pavers Finisher ,Concrete Batching
Plant , Material Storage & Handling Projects |
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 36400 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well – established concern having steady business. Trade
relations are fair. Payments are
usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
K2-205-206/6, GIDC –II, Dediyasan Opposite Telephone Exchange, Mesana
– 384 004, Gujarat |
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Tel. No.: |
91-2762-224383 |
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Mobile No.: |
91-9879554550 |
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Fax No.: |
91-2762-224385/224383 |
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E-Mail : |
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Website : |
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Area : |
350 sq.mtrs |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Bhavesh Patel |
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Designation : |
Partner |
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Date of Birth/Age : |
31 years |
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Qualification : |
Graduate (B.Sc) |
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Experience : |
11 years |
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Name : |
Mrs. Parvati Patel |
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Designation : |
Partner |
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Date of Birth/Age : |
5 years |
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Name : |
Mrs. Sunita Patel |
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Designation : |
Partner |
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Date of Birth/Age : |
27 years |
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Name : |
Mrs. Bhagwati Patel |
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Designation : |
Partner |
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Address : |
38 years |
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Name : |
Mr. Jayanti Rawal |
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Designation : |
Partner |
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Date of Birth/Age : |
62 |
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Name : |
Mr. Bharat Thakur |
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Designation : |
Partner |
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Date of Birth/Age : |
29 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Double Beam Screed Vibrator, Vacuum De-watering
System, Groove Cutting Machine, Power Floater Cum Trowel, Reinforcement Bar Cutting Machine Control Panel,
Automatic Fly Ash Bricks Plant, Asphalt Drum Mix Plant, Asphalt Pavers Finisher ,Concrete Batching
Plant , Material Storage & Handling Projects |
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Products: |
v Double Beam Screed Vibrator v Vacuum De-watering System v Groove Cutting Machine v Power Floater Cum Trowel v Reinforcement Bar Cutting Machine Control Panel v Automatic Fly Ash Bricks Plant v Asphalt Drum Mix Plant v Asphalt Pavers Finisher v Concrete Batching Plant v Material Storage & Handling Projects v
Turnkey Based Projects. |
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Terms : |
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Selling : |
Cash, Credit ( 30 Days) |
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Purchasing : |
Cash, Credit (30-60 Days) |
GENERAL
INFORMATION
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Customers : |
Contractors |
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No. of Employees : |
15 |
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Bankers : |
v Kotak Mahindra Bank Address: Mehsana Branch, Gujarat, India v Mehsana Nagarik Sahakari Bank |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. M.M Salvi Chartered Accountants |
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Address : |
Mehsana - 384 004, Gujarat,
India |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 9.100 millions |
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Borrowed : |
---- |
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Total : |
Rs. 9.100 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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9.700 |
9.000 |
Expected Sales (2007-08): Rs.10.000 millions.
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCE:
· Shedbhav Engineers Private Limited
· Rajkamal Builders Infra Private Limited
· ANS Infrastructures Private Limited
· KF Builders
WEBSITE DETAILS:
Subject is one of the leading manufacturers of Road Construction and
Maintenance Equipment. With over 30 years of experience in the design,
manufacturing and after sales support of equipment for the Road Construction
Industry and civil construction industries, subject today offers almost the entire range of equipment that
lend themselves admirably to the bituminous road construction industry. With
years of experience in the field of modern concrete processing machines, the
company launched the first indigenous concrete Vacuum De-watering system in the Indian Construction Industry -
the first of its kind in India.
Initially involved in the field of executing industrial flooring projects on a
turnkey basis, the company later diversified its operations and is currently
engaged in manufacturing Road
Construction Equipments and Civil Construction Equipment for Soil,
Concrete and Asphalt following the setting up of a manufacturing unit at
Mehsana. In addition, the company also offers solutions for Fiber Reinforced
Technology for concrete, mortar and screed application and specializes in the
design and execution of FRC Concrete for Roads and Pavements, finished with Vacuum De-watering system.
Product Range
Atlas Equipments manufactures the following products:
- Double Beam Screed Vibrator
- Vacuum De-watering System
- Groove Cutting Machine
- Power Floater Cum Trowel
- Reinforcement Bar Cutting Machine Control
Panel
- Automatic Fly Ash Bricks Plant
- Asphalt Drum Mix Plant
- Asphalt Pavers Finisher
- Concrete Batching Plant
- Material Storage and Handling Projects
- Turnkey Based Projects.
Product Feature
- Latest engineered design
- Low fuel and power consumption
- Low maintenance cost
- Fully auto controlled
- Highly efficient air pollution control
design.
Infrastructure
Boasting of a robust infrastructural set up, subject has full fledged works department equipped with modern
machines along with a separate quality control department and a team of skilled
technicians headed by well qualified and experienced engineers.
Quality
Deeply committed to quality, the company strives to supply premium
quality Civil Construction Equipment
and Road Construction Equipment to its clients. It has a team of service technicians
who provide prompt service backup in the shortest time possible. We believe
that customer satisfaction is achieved through quality of products and
services, continuous improvement and upgradation of people, process and
procedure. Atlas Equipments has invested heavily in modern infrastructure, R
and D and quality manpower which result in product quality that more than meets
the exacting quality standards of customers, international consultants and
decision makers in Governments.
Mission
The goal of subject is to retain
leadership by designing and building state-of-the-art Road Construction
Equipment and Civil Construction Equipment with the best and proven technology
in the world, and joint venture with the leaders in the industry. With its quality
road construction equipment and civil construction equipments, Atlas Equipments
shall play its part in making the dreams of high quality, safe, smooth, durable
and cost effective road and civil construction - a reality in India and the
rest of the world. With the right mix of innovation and technology, Atlas
shall delight the customers with the complete range of equipment optimized for
tough conditions: One Stop Shop.
CMT REPORT
(Corruption, Money Laundering and 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.43 |
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UK Pound |
1 |
Rs.81.35 |
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Euro |
1 |
Rs.57.83 |
SCORE and 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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
NO |
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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 |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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56-70 |
A |
Financial and operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable and favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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