MIRA
INFORM REPORT
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Report Date : |
17.01.2007 |
IDENTIFICATION DETAILS
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Name : |
ARM
WELDERS PRIVATE LIMITED |
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Formerly Known As : |
ARM
PRODUCTS |
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Registered Office : |
T
96/2, MIDC, Bhosari, Pune – 411026, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
10.06.1998 |
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Com. Reg. No.: |
25-12581 |
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CIN No.: [Company
Identification No.] |
U29299PN1998PTC012581 |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Manufacturer of Air and Water Cooler Transformers and Resistance Welding Systems. |
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
has takenover the running business of ARM Products as a going concern w.e.f.
1st January, 2007. Subject
is a well established and reputed company having satisfactory track.
Directors are reported as experienced and respectable businessmen. Trade
relations are reported as fair. Business is active. Payments are reported as
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 : |
T
96/2, MIDC, Bhosari, Pune – 411026, |
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Tel. No.: |
91-20-27120063 |
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Fax No.: |
91-20-27120815 |
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E-Mail : |
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Website : |
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Area : |
20000
sq. ft. [1 Storey Building] |
DIRECTORS
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Name : |
Mr. Atul Ramakant Khanderia |
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Designation : |
Director
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Address : |
Bunglow
No. 11, Jagannath, |
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Date of Birth/Age : |
57
years |
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Qualification : |
B. E. |
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Experience : |
32 years |
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Date of Appointment : |
10.06.1998 |
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Name : |
Mr. Brijesh Atul Khanderia |
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Designation : |
Director
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Address : |
Bunglow
No. 11, Jagannath, |
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Date of Birth/Age : |
32
years |
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Qualification : |
B. E. |
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Experience : |
8 years |
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Date of Appointment : |
10.06.1998 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
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No. of Shares |
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Mr. Atul Ramakant Khanderia |
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500 |
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Mr. Brijesh Atul Khanderia |
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500 |
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Total |
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1000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Air and Water Cooler Transformers and Resistance Welding Systems. |
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Products : |
· Integrated Transformer Spot Welding System.
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Exports to : |
Middle East, Europe and |
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Imports from : |
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Terms : |
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Selling : |
L/C
[30 days] |
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Purchasing : |
L/C,
D/A and D/P [30 days] |
GENERAL INFORMATION
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Customers : |
End
Users and Automobile Industry |
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No. of Employees : |
60 |
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Bankers : |
Rupee Co-operative Bank Limited Chinchwad, Pune, Bank of |
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Facilities : |
The concern enjoys Cash Credit of Rs.
15.000 millions from its bankers |
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Banking Relations : |
Satisfactory |
CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
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10000 |
Equity
Shares |
Rs. 100/- each |
Rs. 1.000 Millions |
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
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1000 |
Equity
Shares |
Rs. 100/- each |
Rs. 0.100 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 |
60.000 |
50.00 |
20.000 |
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Expected
sales turnover for March 2007 Rs. 250.000 Millions
LOCAL AGENCY FURTHER INFORMATION
It is in trade terms with
Ø Telco
Ø Bajaj
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WEBSITE
DETAILS :
Manufacturer of :
High Quality Precision Resistance Welding Machines and Transformers, Air
and Water Cooled Transformers, Mobile Welders, Rocker Arm Welder, Modular Gun,
Spot Projection Welders, Portable Guns, Water Cooled Transformers, Microhead
Welder and Welding Controllers.
THE BEGINNING
It all started
in the year 1977 at Bhosari Industrial area in Pune. Mr. Atul Khanderia, a qualified Electrical Engineer, envisioned The demand for transformers
used for high Current and high Voltage applications and control transformers.
It was a humble Beginning by him based on strong fundamentals of creating Value
for customers. He started off with the designing of Welding transformers and
control transformers for industry Giants like TATA MOTORS LIMITED, BAJAJ AUTO,
TAL etc. Very. Soon ARM Products became the leading and reliable name in
welding transformers. This 25 years proven experience in welding transformers
became the inspiration and basis of company's foray into spot welding systems
manufacturing. Mr.
Brijesh Khanderia qualified
Electronics Engineer joined the company to strengthen the designing and
manufacturing spot welding system from concept to commissioning.
The Expertise
Transformers form the core of any
resistance welding system. They started building upon their strength, i.e.
Welding transformer designing. Like their transformers they spot welding
systems received a warm welcome from industry in
•
Their design and application engineers equipped with a CAD center design
customized
Spot Welding System to suit
customers application.
• Their quality team with modern testing and measuring instruments ensures that
everything that goes into the
process meets the standards., results in the best Spot Welding Systems.
• Production department works day and night to deliver you the systems in time.
• Service Support for our systems is just around the corner, giving you a peace
of mind with reliable support.
Future:
ARM Products poised to grow. In
terms of technical capabilities, size and presence.
They want to became a complete systems integrator.
They are confident that very soon they will realise this goal, Our Technical
tie-up with a German company, Matuschek
Messtechnik is a step in that direction.
Through this tie up they are manufacturing Medium Frequency DC guns and systems
Incorporating their state-of –the-art Auto Spatz inverter controllers.
They already have successful installations in middle east countries like
They are further exploring the export markets for spot welding system and
transformers as well.
There is lot to come your way from ARM Products. Expect more. Partner with us
for growth.
PRODUCTS
Mobile Welder And Modular Gun.
Portable Guns With Suspended Transformer .
Robotic Servo Guns And Robotic Products From Fts, France.
Adaptive Control Mfdc Welding Systems From
Heavy Duty Linear Acting Stationary Spot Welding Machines, Spot Projection Welders.
CMT REPORT [Corruption, Money laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts,
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
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Currency |
Unit
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Indian Rupees |
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US
Dollar |
1 |
Rs.44.32 |
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1 |
Rs.86.11 |
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Euro |
1 |
Rs.57.38 |
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 |
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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 & 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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