MIRA INFORM REPORT

 

 

Report Date :

09.01.2007

 

IDENTIFICATION DETAILS

 

Name :

C. TRIVEDI AND COMPANY

 

 

Registered Office :

A-1/16, GIDC Estate, Phase – 2, Vatva, Ahmedabad-382445, Gujarat

 

 

Country :

India

 

 

Financials (as on) :

31.03.2006

 

 

Date of Incorporation :

1970

 

 

Legal Form :

Partnership concern with an unlimited liability of the partner

 

 

Line of Business :

Manufacturing of Machinery for printing and lamination.

 

Manufacture of webguiding controlling regulating spreading and fixing devices used in textile, laminators, paper plastic, type cord, leather.

 

Lamination Machine, Slitter rewinders, Coating machine, Doctoring (Winding) machine, Wax coating machine, web-handling equipments etc.

 

Accusplice, Rotogravure machinery from house of C.T. mini accusplice, Doctoring machine, Weblaminate, Automatic web guiding system, Manufacturers roto gravure printing machine, Lamination & coating machine, web guiding system, Converting machine, etc.

 

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 20000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

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

 

Registered Office/

Factory :

A-1/16, GIDC Estate, Phase – 2, Vatva, Ahmedabad-382445, Gujarat, India

Tel. No.:

91-79-25830552/53

Mobile No.:

91-91-9825038315 /9825052676

Fax No.:

91-79-25830553

E-Mail :

ctrivedi@ctrivedico.com, info@ctrivedico.com

Website :

http://www.ctrivedico.com

Area :

5500 sq. mtrs.

Location :

Leased

 

 

Branches :

Sales & Service Office at:

Surat, Bombay, Delhi, Hyderabad and Kolkata

 

PARTNERS

 

Name :

Mr. D. M. Trivedi

Designation :

Managing Partner

Date of Birth/Age :

55 Years

Qualification :

Graduate

Experience :

30 Years

 

 

Name :

Mr. Bharat Trivedi

Designation :

Partner

Date of Birth/Age :

32 Years

Qualification :

Graduate

Experience :

12 Years

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing of Machinery for printing and lamination.

 

Manufacture of webguiding controlling regulating spreading and fixing devices used in textile, laminators, paper plastic, type cord, leather.

 

Lamination Machine, Slitter rewinders, Coating machine, Doctoring (Winding) machine, Wax coating machine, web-handling equipments etc.

 

Accusplice, Rotogravure machinery from house of C.T. mini accusplice, Doctoring machine, Weblaminate, Automatic web guiding system, Manufacturers roto gravure printing machine, Lamination & coating machine, web guiding system, Converting machine, etc.

 

 

Exports to :

Africa (Kenya, Nigeria, Jerusalem), Sri Lanka, Bangladesh and Middle East

 

 

Imports from :

Europe

 

 

Terms :

 

Selling :

Cash & L/C, Credit Up to 90-Days

 

 

Purchasing :

Cash & L/C, Credit Up to 60-Days

 

PRODUCTION STATUS

 

Particulars

 

Production Capacity

Small Machine

 

3 to 4 Nos.

Big Machine

 

2 Nos.   

 

GENERAL INFORMATION

 

No. of Employees :

46

 

 

Bankers :

Punjab National Bank

Vatva Branch, Ahmedbad-380 045, Gujarat, India

 

Standard Chartered Bank

Mithakali, Ahmedabad

 

 

Facilities :

Credit Limits: 2.500 millions

 

 

 

Banking Relations :

--

 

 

Associates/Subsidiaries :

Pee Tee Engineers

  • Manufacturer of drying coating machines

 

Trivedi Textile Engineers

  • Manufacturer of textile components

 

 

Memberships:

Ř       Gujarat Plastics Manufacturing Association

Ř       Saurashtra Plastics Manufacturing Association

Ř       Plast India Foundation

Ř       All India Plastic Machinery Manufacturing Association

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Rs. 5.000 millions

Borrowed :

--

Total :

Rs. 5.000 millions

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

 

Particulars

 

31.03.2007

[Estimated]

31.03.2006

31.03.2005

Sales Turnover

25.000

15.000

10.000

 

 

 

 

Export Value

NA

NA

2.500

 

 

 

 

Import Value

NA

NA

1.500

 

 

LOCAL AGENCY FURTHER INFORMATION

 

AS PER WEBSITE:

Subject was originally established as a manufacturing Unit in 1970 at Udyog nagar Ind. Estate, Bhavnagar.

The Company's strategy is to specialize in the manufacture of import substitute equipment (Web guiding & Controlling) for Textile, Leather, Paper and Web Processing Industries.

Its converting machineries are similar to the same being supplied by the other manufacturers but comparatively very cost effective and incorporating latest world class technology.

Subject have now expanded their services so as to convert old machinery into new one, equipped with the latest technology in the flexible packaging industry.

Subject also incurs technical modifications in order to provide excellent performance and prolific results and thereby enhancing profits through the already established machinery. Their services are always available for old/new Flexible Packaging Machinery including.

Ř       Up to 8 color Roto Gravure Printing Machines

Ř       Dry/Lamination Machine

Ř       Slitter Rewinders

Ř       Coating Machine

Ř       Doctoring Machine

Ř       Wax Coating

Quality Control is handled at its new head Quarters of C. Trivedi & Co., A/16, G.I.D.C. Vatva, Ahmedabad.

Subject new unit "TRIVEDI TEXTILE ENGINEERS" is also opened at Rajdeep Industrial Estate, Ahmedabad.

GRAPHICA

Multi Colour Rotogravure Machine form the House of C.T. :

Graphica is most advanced Rotogravure Printing Machine developed by C.T. It is cost effective and gives extra ordinary results. The tension of the web at both the stations, unwind and rewind is controlled by the help of a specially designed infeed with reverse rotation and an out feed with torque synchronise device. Specially designed compensator roll to achieve extra-fine cross registration is possible. All rollers are dynamically balanced to ensure noise and vibration free operation for accurate printing. The unique design of the impression roller ensure even application of pressure across the entire width of the substrate.

Specification :

Machine Type

Economical

Standard

Heavy Duty

No. of Printing Station

Up to 6

Up to 10

Up to 10

Working Width (mm.)

650 max.

800 max.

1000 max.

Print Repeat range (mm.)

550 max.

650 max.

750 max.

Heating System

Electrical

Elec/Hot Air

Th. Fluid/Hot Air

Unwind Tension Control

Optional

Optional

Provided

Rewind Tension Control

Torque

Optional

Provided

In feed & Out Feed

Not Provided

Optional

Provided

Web Guide

Optional

Provided

Provided

Doctor Blade & Imp. Roller (Pneumatic)

Optional

Provided

Provided

Drying System

Simple

Closed Type

Cen.Jet Flow (Ins. Panel)

Exhaust System

Not Provided

Optional

Provided

Speed (Mtr./Min.)

60 to 80

80 to 100

100 to 120

Dimension of Printing Stations (mm.)

400 x 1600 x 35

500 x 2000 x 50

600 x 2200 x 75

Optional Attachement :

Webmate Lamination :


Salient Features :

·         Cantiliver type inpresson pressure assembly actuated with pneumatic piston rubber roll, Doctor blade and Nip Roller.

·         Fully insulated glass wool fitted in the panel (Top, Side & Bottom) for controlling heat loss.

·         One and one slit type air flow arrangement. Divided equally are placed against roller for proper web support.

·         Exhaust Nozzles are equally distributed through-out the length of drying chamber.

·         Digital temperature controller with indicator & P T 100 sensor for each zone.

·         Inside heating for Nip steel roller.

·         C. T. Web SRA system for controlling the Web after the Drying tunnel.

High efficiency sectional tunnel and airfloation exhaust through one & one counter against the driver roller with pneumatic lifting.

 

Optional Attachment :

Accusplice :

The versatile machine from C. T. for ultimate slitting and rewinding work, ACCUSPLICE ensure perfect slitting of rolls with consistent flawless quality and constant Line speed. It is available in adaptable models to suit the requirement.

Salient Features :

Most versatile model providing combination of duplex centre cum surface rewind system.

  1. Unwind Roll
  2. Auto Tention Control Brake or Mechanical Brake
  3. Edge Guide Control unwind frame structure (Movable) or fix unwind frame.
  4. Pneumatic or Line Roller
  5. Dancing Roller
  6. NIP Roller Set
  7. Slitting Attachment
  8. Adjustable Pressure Roll
  9. Drum Roller
  10. Rewinding Arm (Both Side)
  11. Clutch Assembly/Mechanically Megnetic for Rewind Tention
  12. Counter Balance System.

 

Specification :

Web width

400 to 2000 mm

 

Max. Dia. of Stock roll

600 to 1000 mm.

 

Min. Slit width

50 mm.

 

Dia. of finished roll

400 to 650 mm.

 

Operating speed

up to 150 mtrs. per minute.

 

Power requirement

3 - 10 HP at 415 V.

3 Phase, 50 cycles, A.C., supply

Optional :

Applications

CT-Tracking Roller Assemblies :

CT-Tracking roller assembly (TRA) consists of two rectangular steel tubing frames. One is stationery, the other is movable; it is supported in a nylaguide sliding block and arcuate bar system, and has an idler roller at either end. The web can be fed over the TRA in a 'U' shaped path, reversing its direction of travel, or through the TRA in a 'Z' configuration, maintaining the same direction of travel. It is insensitive to attitude and can even be mounted upside down. Solidly supported on all four corners by nylaguide bearings, it is not subject to deflections caused by cantilever stresses. Radial bearings are sealed, and linear bearings are self-cleaning and self-lubricating. The unit therefore requires no maintenance.

The Principle :

The TRA is designed so that it swings in an arc laterally, pivoting about an imaginary pivot point located exactly in the plane of the entering web path. The servo cylinder swings the other end of the frame, moving the outgoing web laterally back into the desired web path. Because the TRA correction range is increased by lengthening the span. Therefore the correction angle can be kept small to reduce induced stresses to the level desired. Because stresses can be kept minimal, the TRA can be used to guide within the tension loop on the process. It can be installed successfully on lines handling fragile materials such as parchment paper, thin metal foil, or saturated paper even when other guiding methods have failed. It can also be used to make economically large corrections in the web path, even displacing the shifting unwind, because of its very low inserted sness level.

Description :

Standard adapter bases consists of a stationary floor-mounted frame or plate, a four unit, standard nylaguide bearing and support system, and a moving frame or plate. A heavy duty servo cylinder is nested between the frames and the nylaguide bearings. The servo cylinder moves the upper adapter base plate back and forth in response to hydraulic signals from the power unit.

Applications :

The CT adapter base is designed for use in applications where the unwind or rewind stand must be shiftable. By fitting the adapter base under the stand, a simple and economical installation is obtained. Because of the relatively high mass of the unwind or rewind rolls, its use is most often found in applications. Where response time can be relatively slow, and where accuracles are not overly critical.

In Rewind guide the detector is attached to the moving frame before fixed idler with sufficient warp to stabilize Web.

In Unwind guide the idler roller attached on moving frame before the fixed detector to stabilize the Web.

EDGE Detector

Air Flow Sensor :

C. Trivedi non-contact Air flow sensor are specially designed to work with hydraulic power unit.

Air is expelled from two opposing orifics the differential in Air pressure is used to detect lateral wanders of the material in process. The air flow sensor are self cleaning they are specially suitable for guiding, installations located in dusty areas, the Air flow sensors used with fine adjusting, mounting brackets.

Air flow sensor are precision-machined and carefully tested to give years of trouble free services. Essentially low-pressure transverse impact modulators, they are suitable for use on all webs.

Detection Devices :

Web guiding relies upon an integrated feedback control system, that is, the detection device continuously senses web location and sends an appropriate corrective signal strength is dependent upon the position of the web and is therefore proportional.

Traditional sensing relies on pneumatics. The edge of the web passes between to 'Fingers" which contain to opposing outbreathing jets of air. The position of the edge modulates the effects of the jets on the another, causing a pressure fluctuation in the air supply of one of the jets. It is this pressure fluctuation which provides the corrective signal that controls the power unit output.

CT provides off-the shelf, many styles and sizes of pneumatic detectors. In addition to the traditional detector, they can supply a special porous sensing detector which can guide on a row of holes, or which can sense the edge of scrim material with openings as large as a half of an inch.

Servo Cylinder :

CT uses precision bi-directional hydraulic cylinders to move its actuating devices. The hydraulic cylinder is equipped with a gimbal mounting at both ends to allow the cylinder to position itself so that it does not bind. Nylon tubing is recommended for use as hydraulic lines. Metal tubing is also acceptable, although care must be taken to insure free float of the cyliner. Polythylene or rubber hoses are not recommended because they sell under pressure and reduce accuracy and stability.

 Web Guide Power Units :

CT Power units are used to automatically guide all types of flexible materials of any width, at any speed, under any load. Completely self-contained, with an integral air pump, these units eliminate the need for additional air regulators or plant air. Modular construction and subplate-mounted components provide maximum ease of servicing. Inherent capabilities of CT units assure stable operation at all correcting speeds and loads. Air Pressure Power Units are available in models from 1/4 H.P. to 3 H.P. to meet any guiding application you may have. Double and triple power units are available incorporating two and three servo valves on the same reservoir to handle multiple guiding applications.

A source of power is mandatory in a web guiding system. The power unit is much more than just an energy source, however, because it normally furnishes modulated power to the actuating devices. It therefore is an amplifier of control signals, as well as a power source.

In addition to providing hydraullic power for the actuating circuit the power unit produces pneumatic power for the sensors. Sensor supply pressure must remain constant, and the power supply provides this element. Their constant pressure generator produces constant pressure at a given head no pressure regulator is therefore required. Water, oil and scale contamination and other miscellaneous plant air problems are also avoided.

CT uses one of a series of Web guide pneumatic hydraulic units in most of its systems. These units come in several sizes and a suitable one can be found for any application

AUTODOCT

The Developed Doctoring Machine From the House of C.T. :

In any paper, firm & foil conversion industry, "SLITTING" is invariably the last operation to be performed. At the time of slitting, irrespective of the brand and type of slitting machine employed, ten to twelve percent of the output (i.e. One out of 10 or 8 slit to size bobbins) is not of saleble quality. This is a Harsh practical fact and the reason thereof are quite well known. The model is specially designed for correcting badly wound roller for removing the misregistered and rejected material before it goes to final delivery, in order to rectify salvage such rejection, the Doctoring machine has been specially developed through the R & D efforts at C.T.

Salient Features :

Optional :

Specification :

 

Max. Width of Parent Roll: 00 mm.

 

Max. Parent Reel Dia.: 400 mm.

 

Max. Rewind Reel Dia.: 400 mm.

 

Max. Designed Speed: 120 M/Min.

 

SPREADER/EXPANDER ROLLER

Operation/Application Data :

Curved rubber rollers, being of constant diameter and on accrued, nonrotatin shaft, allow material to run at uniform tension across the web while in contact with the roller surface. Expander rollers have approximately twice as much shaft bow as the spreader rollers in expanding or spreading textiles, paper, or film, these rollers utilize two principles : expansion through perpendicular force applied in the entering span, and expansion of the roller cover.

CT-WRINKLE REMOVING PRODUCT RANGE :

  1. Bow Expander Roller : Fix adjustable variable with Rubber covering and Metal covering suitable length 20" to 150" Dimeter of roll 50 mm to 150 mm.
  2. Slat Expander Roller : Suitable up to 120" working width Falt covering on wooden Patti, Alluminium Patti and S. S. Pattil
  3. Poly Band Strip Expander Roller : Suitabledia 75 to 150"
  4. Uncurler and Decurling : arrangement for textile and Tyre - cord Industries.
  5. Scroll - Roll Device with Motor : Suitable for Leather Industries and Woven Fabrics.
  6. Fabric Guiding and Expanding Device.

Open End Slitting Cum Doctoring M/c.

Heavy Duty Rotograviour Printing M/C

 

 

DESCRIPTION :

The machine shall consist of following main assemlies / functional parts, apart from other functional.

  1. UNWIND ROLL UNIT :

The unwind unit shall have one mechanical shaft complete with core holders, check units & gears. The shaft fixing with arrangement should facilities quick fixing & removal of the shaft. The roll shall be using 76 mm I. D. paper cores of 15 _ 15 mm wall thickness.

  1. TENSION CONTROL SYSTEM :

M/S. Dyna spede make 20 kg. auto tension control system for this unit shall consist of digital for each reel alongwith loadcell and digital tension display. ROLL WEIGHT : The max. weight of the substrate roll shall be 300 kg. for unwind & rewind.

  1. WEBGUIDING UNIT :

Shall insured that the unwind reel is automatically guided in one position. It shall be designed for accuracy of +/-.5 mm. Web guiding facility to be controlled by means pneumatic Hydraulic system. Webguiding unit from C. T. make shall be preferable.

  1. INFEED / OUTFEED PULLING UNIT :

These unit shall consists of NIP units having pneumatically activated pressured rolled, load cells feed back with digital tension display. It shall be provided after the unwinder and before the rewinder to isolate web tension between the printing units. The nip units shall have independent 5 HP AC drive 2 Nos Synchronised with main drive. Control provide by M/s. Dyna Spede.

  1. CYLINDER MOUNTING ASSEMBLY :-

This assembly shall mount printing shaft complete with check nuts & gears. It should have mechanical provision to manually side lay the register on the operator side by +/- 10mm correction.

  1. INKING ASSEMBLE :-

Consists of an full width s.s. Tray adjustable in height by means of a hand - wheel to cover the full range of printing cylinder circumstances with two outlets at the bottom with 50 mm diameter stocket pipe threads to facilite ink re-circulation connections. The tray should have provision to slide out on horizontal nase guide for easy removal and cleaning operation. The tray to have capacity of about 30 liters.

  1. DOCTOR BLADE ASSEMBLE :- I

It shall be consist of one full width doctor blade holder complete with alluminium doctor blade and pneumatically applied siping pressure. The blade should be adjustable mechanically at different wiping angle and arrangement to adjust blade parallelism to the printing cylinder. Arrangement for uniform reciprocating movement of the doctor blade assemble to be provided.

  1. IMPRESSION ROLLER ASSEMBLE :-

Consisting of one full width rubber roller of appropriate diameter and 50-60 shore "D" hardness, made of appropriate quality rubber, resistant to ink solvents like toluene, ketone, methanol etc. Pressure is to be controlled pneumatically and arrangement for easy removal for quick changeover. Pressure gauge and regulator to be provided FESTO make pneumatic circuit is preferable.

  1. REGISTRATION CONTROL ASSEMBLE : -

Shall consist of manually / motorised controlled lateral registration and longitudinal movement.

  1. DRYING ASSEMBLE :-

Consisting of double side drying hoods each having appropriate size and nozzel quantity. One exhaust nozzle of appropriate size to be provided. The temperature control shall be provided as a source of controllable hot air. The hood Shall be easily openable for web threading and cleaning of the idler rollers. One common exhaust blower should be provided for all the station with an appropriate capacity blower.
The drying unit shall have appropriate length and should have independent electronic temperature & Digital Indicator of each unit.

The connections of the blower of the drying unit shall be e through a manually operated dampers to facilitate the control of in coming and out going air.

The design and the direction of the air nozzle should be such that the air draft is not directed towards the printing cylinder resulting in the drying of the ink on the engraved cylinder surface.

  1. MAIN DRIVE ASSEMBLE :-

Shall consist of one common AC motor of appropriate capacity for all the units. The individual unit shall be driven through specially designed oil immersed main drive gear box connected to the main drive through a common shaft.

  1. REWINDING ROLL UNIT :-

The rewind unit shall have one mechanical shaft complete with core holders, check nuts and gears. The shaft fixing arrangement should facilitate quick fixing and removal of the shaft. The roll shall be using 76mm ID paper cores of 12-15 mm wall thickness.

  1. OPTIONAL ATTACHEMENT :-

(*) Turret unwind & Rewind unit (*) Auto Splicing (*) Register Control (*) Web Viewing Strobo / Video Scope (*) Air Shaft (*) 7 Drive system (*) Ink Circulation System

Pilot Coating & Laminaton M/C

First time in India Introducting lab testing plant

The new mini-line offered by C. Trivedi is considered very economical in investment, running cost, also very simple to operated and maintain. Ideal to handle small type jobs and is most suitable for lab testing.

Salient Features :

Duplex Center Shaft Type Slitter Rewinder

*   Max/ Web Width. up to 1200mm

*   Tension Rang. 5-25 Kg.

*   Unwind Reel dia 1000 MM

*   Rewind Reel dia 500 MM

*   Max. Machine speed (Design.) 200 mtr. P. Min.

 

 

1)  UNWIND STATION One Mechanical / Automatic Web guiding system (As per detail-Annex_B)

One mechanical / Automatic Braking (As per detail-Annex. B)

One unwind shaft 50mm dia (50mm)

One set check nut, core-cone and gear.

 

2) MAIN MACHINE Min. slit width 100mm.

 

3) TYPE OF SLITTING Razor Cutting.

Top & Bottom cutter with spacer (As per details-Annex-B)

 

4) TRIM REMOVING Trim inkjector / Tripe pipe with 1HP Blower

 

5) NIP UNIT. With one full width Capacity, hardchrome plated steel roller 150mm dia and one full width capacity 150mm dia synthetic rubber roll.

One pressure adjusting device Pneumatic for NIP roller (As per details Annex-B)

 

6) REWINDING Type of Rewinding duplex differential.

2 Nos Rewinding shaft 50mm dia with 2 Set check nut, core cone bearing block and gear.

Rewind control through, two clutch assembly mechanical.

Two lay on roll.

 Distance washer as per rell cut (Require)

 Individual slip ring arrangement as per require cut.

Control Panel (As per detail Annex_B)

 

7) CONTROL PANEL Variable D. C drive or A. C. drive with Blower & Powerpack control switch

One pneumatic Panel for cylinder without F. R. L Unit.

 

Canti Lever Slitter Rewinder :

Sliting and rewinding machine model accusplice

SLITING UNITS

NIP UNIT.

REWINDER

ELECTRICALS :

PRODUCTS EXPORTING:

 

Rotogravure Printing Machine, Slitting Machine, Rewinding Machine, Lamination Machine, Coating Machine, Doctoring Machine, Web Guiding Equipment, Line Guiding, Banana Roller, Bow Expander, Cloth Guider, Tension Controler Equipments, Core Cutting Machine, Lab Testing Plants, HDPE Lamination Machine, Paper Printing Machine, Alluminim Foil Printing Machine, Batch Coading Machine etc.

 

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. 44.42

UK Pound

1

Rs. 85.79

Euro

1

Rs. 57.80

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

5

--MARGINS

-5~5

-

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

YES

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

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

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

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions