%20PRIVATE%20LIMITED%2008-Feb-2007_files/image002.jpg)
MIRA
INFORM REPORT
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Report Date : |
08.02.2007 |
IDENTIFICATION
DETAILS
|
Name : |
R.M.T.
TOOLS (INDIA) PRIVATE LIMITED |
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Registered Office : |
Amloh
Road, Opposite Friends Industries, Mandi Gobindgarh – 147 301, Punjab, India.
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Country : |
India |
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Financials (as on) : |
31.03.2003 |
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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
5000 |
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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.
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 – 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
|
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 |
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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 |
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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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Auditors : |
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 |
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
|
81210 |
Equity
Shares |
Rs. 10/- each |
Rs. 0.812 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
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SOURCES OF FUNDS |
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31.03.2003 |
31.03.2002 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.812 |
0.812 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.444 |
0.360 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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1.256 |
1.172 |
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LOAN FUNDS |
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1] Secured Loans |
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0.872 |
1.033 |
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2] Unsecured Loans |
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0.606 |
0.695 |
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TOTAL BORROWING |
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1.478 |
1.728 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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2.734 |
2.900 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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1.277 |
1.445 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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Sundry Debtors |
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Cash & Bank Balances |
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2.832 |
4.370 |
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Other Current Assets |
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Loans & Advances |
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Total Current Assets |
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2.832 |
4.370 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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1.382 |
2.923 |
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Provisions |
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0.000 |
0.000 |
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Total Current Liabilities |
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1.382 |
2.923 |
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Net Current Assets |
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1.450 |
1.447 |
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MISCELLANEOUS EXPENSES |
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0.007 |
0.008 |
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TOTAL |
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2.734 |
2.900 |
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%20PRIVATE%20LIMITED%2008-Feb-2007_files/image004.gif){kind=small}
KEY
RATIOS
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PARTICULARS |
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31.03.2003 |
31.03.2002 |
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Debt
Equity Ratio (Total
Liability/Networth) |
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2.28 |
3.97 |
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Current
Ratio (Current
Asset/Current Liability) |
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2.05 |
1.50 |
LOCAL AGENCY
FURTHER INFORMATION
|
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. 44.06 |
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UK
Pound |
1 |
Rs. 86.34 |
|
Euro |
1 |
Rs. 57.46 |
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 |
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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 |
|
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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