MIRA
INFORM REPORT
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Report Date : |
01.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
G.V.
AGROTECH |
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Registered Office : |
Plot
No. 1, Gali No. 1, Krishna Nagar Industrial Area, Opp. Sector 25, Faridabad –
121004, Haryana |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
2001 |
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Legal Form : |
Sole
Proprietory Concern |
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Line of Business : |
Manufacturers
and Exporters of Food Processing machinery for grains and spices, cleaning,
grading, milling, plastic moulding components, mining of green marbles,
energy saving, descaling product |
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
15000 |
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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 satisfactory track. 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 : |
Plot
No. 1, Gali No. 1, Krishna Nagar Industrial Area, Opp. Sector 25, Faridabad –
121004, Haryana, India |
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Tel. No.: |
91-129-3263340 |
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Mobile No.: |
91-9311247372
/ 9873247372 / 9350087631 |
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Fax No.: |
91-129-4062164 |
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E-Mail : |
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Website : |
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Area : |
5000
sq. mtrs. |
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Location : |
Owned |
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Factory
1 : |
182
Sector 24, Faridabad |
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Area : |
1000
sq. mtrs. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr.
Gopal Vashisth |
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Designation : |
Proprietor
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Date of Birth/Age : |
26
Years |
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Qualification : |
Graduate
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Experience : |
5
Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers
and Exporters of Food Processing machinery for grains and spices, cleaning,
grading, milling, plastic moulding components, mining of green marbles,
energy saving, descaling product |
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Products : |
De-stoner, Pre-cleaner, Multiple aspirator, Elevator, Roller
grinder, Roto separator, Vibro grain separator, Gyro sifter and Length
graders, etc. |
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Exports to : |
Food
processing and other machinery to Sudan, South Africa, West Africa and Middle
East and Senegal |
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Imports from : |
Spares
and machinery form China, Korea and Germany |
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Terms : |
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Selling : |
L/C,
Cash or Credit |
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Purchasing : |
Cash,
Credit [60 days] and at Sight |
GENERAL
INFORMATION
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Customers : |
Local
Customers and End Users |
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No. of Employees : |
164 |
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Bankers : |
Bank
of Baroda, NIT, Faridabad Credit
Limit : Rs. 5.000 Millions HDFC,
Faridabad |
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Banking Relations : |
Satisfactory
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Auditors : |
Satish
Aggarwal and Company Chartered
Accountants Faridabad
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Associates/Subsidiaries : |
ECO
Friend Engineering Private Limited, Faridabad Vasisth
Agrotech , Faridabad Rajwara
Marbles, Faridabad Anubhav Polymers, Faridabad Swastik Steel Corporation, Faridabad |
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Memberships
: |
Faridabad Manufacturers Association |
CAPITAL STRUCTURE
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Capital
Investment : |
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Owned : |
Rs.
4.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs.
4.000 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
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Particulars |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
93.000 |
85.000 |
75.000 |
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Group Turnover |
1000.000 |
NA |
NA |
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Net Profit |
3.400 |
3.350 |
2.800 |
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference
Dabur
India Limited
Haldiram
Continental
Construction Company Limited
Maruti
Udyog Limited
Rajwara
Stones, Abu Road
Escorts
Limited
Since 2001,
G V Agrotech has become a
by-word not only for complete Cleaning Systems but also for excellent design
capabilities and best quality machine fabrications. Their years of research
& development in the field of Food Processing industry has enabled the
company to manufacture and supply Seed
Processing, Grain/ Spice Handling, Cleaning, Grading and Sorting equipments and
machineries.
Their qualified engineers and technicians
professionally manage the organization in designing and production for
producing world class food processing equipments. They manufacture full range
of machines and equipments used for Cleaning, Grading, Processing,
Handling and Storage of seeds, grains, spices, rice, pulses, oilseeds,
Sunflower seeds, Vegetable seeds, Forestry seeds and Coffee beans, Guar gum
powder cleaning, sifting and grading, Cleaning, grinding and grading of
medicinal herbs, etc.
They specialize in manufacturing following high powered machineries and plants:
De-Stoner
Pre-cleaner
Multiple aspirator
Elevator
Roller grinder
Roto separator
Vibro grain separator
Gyro sifter
Length graders
Besan plant
Dal bhujia plant
Corn flakes plant
Material handling equipments
Solvent extraction plant
Sesame cleaning hulling and color sorting plant
Their company has stringent quality procedures &
undertakes supplies under various inspections & classifying agencies. They
have a vast experience in the line with an additional support of the latest
technology. They continue to give the industry, the latest processing &
storage technology through research & development supported by their years
of experience. They have become synonymous to reliability, productivity &
profitability in this industry.
After Sales Service
They have a full fledge department to cater to the requirement of service after
sales and also to provide training to the users in operation and maintenance of
machines. They always keep a stock of spare parts ready with them to meet the
customer's varied requirements. They are always ready to give their Customers
the best services in the industry in order to achieve highest customer
satisfaction.
Company Profile
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Business Type |
Exporter , Manufacturer |
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Export Percentage |
20% |
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Primary Competitive Advantages |
Quality product, Competitive price and Timely
delivery |
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Sales Volume |
25 Millions |
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No of Staff |
36 |
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Year of Establishment |
2001 |
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No of Production Lines |
3 |
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Export Markets |
Worldwide |
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OEM Service Provided |
Yes |
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Production Type |
Machineries |
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No of Engineers |
3 |
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Monthly Production Capacity |
50 machines |
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
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Indian Rupees |
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US
Dollar |
1 |
Rs.44.23 |
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UK
Pound |
1 |
Rs.86.91 |
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Euro |
1 |
Rs.58.26 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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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 |
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54 |
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 & 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 & 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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