MIRA INFORM REPORT
|
Report Date : |
18.01.2007 |
IDENTIFICATION DETAILS
|
Name : |
ESS
AAR UNIVERAL PRIVATE LIMITED |
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Registered Office : |
G
– 90, Basement, Preet Vihar, Delhi – 110092 |
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Country : |
India |
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Financials (as on) : |
31.03.2003 |
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Date of Incorporation : |
31.07.1984 |
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Com. Reg. No.: |
55-66225 |
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CIN No.: [Company Identification No.] |
U00000DL1984PTC066225 |
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TAN No.: [Tax Deduction & Collection Account No.] |
KNPE01036A |
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Legal Form : |
Private
Limited Liability Company. |
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Line of Business : |
Manufacture
and Exporter of Electrical Control Panels, Bus Duct and Steel fabricated
components. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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 100000 |
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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 company having satisfactory track. Trade relations
are fair. General financial position is satisfactory. Payments are usually
correct and as per commitments. The
company can be considered good for any normal business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
G
– 90, Basement, Preet Vihar, Delhi – 110092 |
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Tel. No.: |
91-11-22429553 |
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Fax No.: |
91-11-22454528 |
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E-Mail : |
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Website : |
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Location : |
Commercial |
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Administer Office : |
201,
Pankaj Chamber, Commercial Complex, Preet Vihar, Delhi – 110092 |
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Factory 1 : |
C-10,
Panki Industrial area-III, kanpur-208022 |
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Tel. No.: |
91-512-2692515/2692516 |
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Fax No.: |
91-512-2692517 |
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E-Mail : |
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Website : |
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Area : |
42300
Sq. ft (Covered Area – 30,000 Sq. ft), Manufacturing Area – 25000 Sq. ft,
Office Block – Double Storey – 2000 Sq. ft |
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Location : |
Owned
(Industrial) |
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Factory 2 : |
A
–40/1, Site IV, Sahibabad Industrial Area, Ghaziabad – 201010 |
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Tel. No.: |
91-120-2896012/2896074 |
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Fax No.: |
91-120-2895951 |
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E-Mail : |
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Location : |
Industrial
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DIRECTORS
|
Name : |
Mr. Sudhir Rustagi |
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Designation : |
Director |
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Address : |
G-90, Preeti Vihar,
Delhi-110092, India |
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Date of Appointment : |
28th
May, 1997 |
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Name : |
Mr. Neeraj Rustagi |
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Designation : |
Director |
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Date of Appointment : |
28th
May, 1997 |
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Name : |
M/s.
Neeraj Gupta & Associates |
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Designation : |
A-6/52,
Paschim Vihar, New Delhi – 110063 |
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Address : |
91-11-25261770 |
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E- Mail.: |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Mrs. Bimla Devi Rustagi |
23450 |
4.85 |
|
Mr. Devi Dayal Rustagi |
700 |
0.14 |
|
Mrs. Kalpna Rustagi |
38850 |
8.04 |
|
Mr. Sudhir Rustagi |
237250 |
49.07 |
|
Mr. Tanmay Rustagi |
91450 |
18.91 |
|
Mr. Gandharv Rustagi |
91450 |
18.91 |
|
Mrs. Usha Rustagi |
350 |
0.07 |
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Total |
483500 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture
and Exporter of Electrical Control Panels, Bus Duct and Steel fabricated
components. |
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Products : |
v
ACB and OCB Panels v
Annunciator Panels v
Automatic Power
Factor Improvement Panels v
Busbar Trunking
Panels v
Capacitor Panels v
Change Over Panels v
Control Desks v
Distribution
Boards for AC and DC v
Feeder Pillars v
Fuse Distribution
Boards v
Local Control
Station Panels v
Low Tension and
High Tension Main Panels v
Motor Control
Centres v
PLC Panels v
Power Control
Centres v
Power Distribution
Boards v
Push Button
Stations v
Relay Panels v
Relay and Metering Panels |
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Agencies Held : |
30th
September, 2003 |
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Exports to : |
Kazakhstan,
Kenya, Nepal |
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Terms : |
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Selling : |
Cash
or Credit (30 days) |
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Purchasing : |
Cash
or Credit (30 days) |
PRODUCTION STATUS
|
Particulars |
Units |
|
Installed Capacity |
Actual Production |
|
Sheet
Metal Components |
Nos. |
|
100,000 |
43,016 |
|
LT Electrical Distribution |
Nos. |
|
45,000 |
3,530 |
|
Boards and Panels, MCC and
Parts |
Mtrs. |
|
425.35 |
327.24 |
|
Soles and Slippers |
pairs |
|
3,15,000 |
718,652 |
GENERAL INFORMATION
|
Customers : |
Delhi
Vidyut Board |
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No. of Employees : |
69 |
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Bankers : |
v
Allahabad Bank v
Punjab National Bank v
HDFC Bank Limited v
ICICI Bank Limited v
The Bank of Rajasthan
Limited, 75/232, Halsey Road, Kanpur State Bank of India, Kalpi Road, Kanpur |
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Facilities : |
- |
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Banking Relations : |
Satisfactory
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Auditors : |
P. L. Tondon and Company Chartered Accountants |
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Address: |
West Cott Building, Mahatma
Gandhi Road, Post Boa No. 113, Kanpur – 208001, Uttap Pradesh |
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Tel. No.: |
91-512-2366774/2317857 |
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Fax No.: |
91-512-2351560 |
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Associates/Subsidiaries
: |
Rustagi
Engineering Udyog Private Limited, India |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6000000 |
Equity Shares |
Rs. 10/- each |
Rs. 60.000 millions |
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5001000 |
Equity Shares |
Rs. 10/- each |
Rs.50.010 millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2003 |
31.03.2002 |
31.03.2001 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
4.835 |
4.835 |
4.835 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
24.565 |
28.262 |
28.351 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH
|
29.400 |
33.097 |
33.186 |
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|
LOAN FUNDS |
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|
1] Secured Loans |
11.172 |
15.295 |
20.239 |
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2] Unsecured Loans |
26.576 |
29.994 |
27.494 |
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TOTAL
BORROWING
|
37.748 |
45.289 |
47.733 |
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DEFERRED TAX LIABILITIES |
6.519 |
0.000 |
0.000 |
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TOTAL
|
73.667 |
78.386 |
80.919 |
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APPLICATION OF FUNDS
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FIXED ASSETS [Net Block]
|
49.802 |
52.652 |
55.242 |
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Capital work-in-progress
|
0.000 |
0.000 |
0.000 |
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INVESTMENT
|
0.086 |
0.000 |
0.008 |
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DEFERREX TAX ASSETS
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CURRENT ASSETS, LOANS & ADVANCES
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Inventories
|
8.074
|
9.889 |
10.042 |
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Sundry Debtors
|
18.581
|
18.920 |
18.164 |
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Cash & Bank Balances
|
2.462
|
2.014 |
5.590 |
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Other Current Assets
|
0.150
|
1.928 |
0.142 |
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Loans & Advances
|
3.633
|
4.250 |
2.198 |
Total Current Assets
|
32.900
|
37.001 |
36.136 |
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
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Current Liabilities
|
8.326
|
10.008 |
10.467 |
|
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Provisions
|
0.795
|
1.259 |
0.000 |
Total Current Liabilities
|
9.121
|
11.267 |
10.467 |
|
Net Current
Assets
|
23.779
|
25.734 |
25.669 |
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MISCELLANEOUS EXPENSES
|
0.000 |
0.000 |
0.000 |
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TOTAL
|
73.667 |
78.386 |
80.919 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.03.2003 |
31.03.2002 |
31.03.2001 |
Sales Turnover [including other income]
|
98.523 |
102.705 |
97.512 |
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|
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Profit/(Loss) Before Tax
|
2.973 |
3.380 |
4.649 |
Provision for Taxation
|
0.565 |
0.258 |
1.000 |
Profit/(Loss) After Tax
|
2.408 |
3.122 |
3.649 |
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Export Value
|
12.282 |
13.953 |
NA |
|
|
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Import Value
|
2.884 |
11.833 |
NA |
|
|
|
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Total Expenditure
|
88.087 |
89.846 |
20.554 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2003 |
31.03.2002 |
31.03.2001 |
PAT / Total Income
|
(%)
|
2.44
|
3.04 |
3.74 |
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Net Profit Margin
(PBT/Sales) |
(%) |
3.19
|
3.49 |
4.76 |
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Return on Total Assets
(PBT/Total Assets} |
(%) |
3.59
|
3.77 |
5.08 |
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Return on Investment (ROI)
(PBT/Networth) |
|
0.10
|
0.10 |
0.14 |
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|
|
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|
Debt Equity Ratio
(Total Liability/Networth) |
|
1.59
|
1.71 |
1.75 |
|
|
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|
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|
Current Ratio
(Current Asset/Current
Liability) |
|
3.61
|
3.28 |
3.45 |
LOCAL AGENCY FURTHER INFORMATION
Website Details :
BACKGROUND
Established in 1984, subject specializes in manufacturing of complete range of
Electrical Control Panels and Steel fabricated components. Equipped with
sophisticated fabrication machines and Seven Tank Process for pretreatment, the
unit is situated in Panki Industrial Area, Kanpur.
The Electrical Panels so manufactured by ESS AAR find applications in almost
every type of industry. The Company enjoys a rare distinction of being an OEM
of Siemens Limited, GEC Alsthom India Limited and Asea Brown Boveri Limited.
The unit had been set up with the genuine intentions of supplying quality
Panels at affordable prices within the required delivery schedule of customers.
There are those big giants who can give quality but then the prices are
unaffordable and deliveries too long to wait for. Then there are those small
fabricators who offer competitive prices but without any commitment to quality
and delivery. At ESS AAR, the philosophy is to supply quality products at affordable
prices within delivery requirements of customers.
The Company counts among its client’s prestigious organizations such as Lohia
Group, Telco, Ceat, Raymonds, Philips, Bses, Ici, Toyo Engineering, Bhel,
Hindalco, Hindustan Lever Limited, Flour Mills, Cement Plants and various other
reputed industries.
ACTIVITIES
Subject is engaged in design and manufacturing of complete range of LT
Electrical Panels and Bus Duct for application in Chemical, Textile, Cement,
Engineering and other core industries. Entire manufacturing operations of the
company take place under one roof in a factory constructed over a plot of 42000
sq. ft.
PERSONNEL
At ESS AAR people have been the Key to the success of the company and today
around 69 dedicated people in various capacities are looking after all the
affairs of the company.
INFRASTRUCTURE
ESS AAR has a factory covered area of 30000 sq. ft. and the factory is
constructed over a plot area of 42000 sq. ft. Double storied office block has a
carpet area of 2000 sq. ft. The company has another plot of 42500 sq. ft.
adjacent to the existing one to take care of future expansion plans.
MARKETS COVERED
All over India and Nepal
MARKET NETWORK
Marketing is looked after by the Chief Executive himself. He is assisted by two
engineers.
MOTTO OF THE ORGANISATION
Quality in every activity in order to consistently meet and exceed customer
satisfaction.
DETAILS OF SISTER CONCERN
The company has a division at Sahibabad engaged in manufacturing of PU Soles
for Shoe Industry.
PRODUCTS
Motor
Control Centers, LT Electrical Panels, Distribution Boards, Power Control
Centers and Bus Ducts.
FUTURE PLANS
The company has acquired a 5060 sq. meter plot in Tronica City - an industrial
area close to New Delhi. It is intended to set up a project for manufacturing
of some electrical products for industrial/domestic applications preferably
under some foreign collaboration. Efforts are on to identify a product and
locate a suitable collaborator.
POSTSCRIPT
Subject is a company which does not shy away from innovation and are
incessantly working towards diversification to achieve targeted growth. Given
the expertise in manufacturing of Electrical Panels, company plans to produce a
still wider range of Electrical Panels for application in various types of
industries.
Reference List of Clients/ Consultants
AUTOMOBILES
Ø
Tata Engineering &
Locomotive Company Limited Lucknow (Uttar Pradesh)
Ø
LML Limited Kanpur
(Uttar Pradesh)
Ø
Industrial Electronics
(Division of LML) Kanpur (Uttar Pradesh)
Ø
Vespa Car Company
Limited, Rae Bareli (Uttar Pradesh)
CEMENT
Ø
J. K. White Cement Works
Gotan (Rajasthan)
Ø
Maihar Cement Satna
(Madhya Pradesh)
Ø
Delhi Cement Limited,
Behror (Rajasthan)
Ø
Dhruv Industrial Company
Limited, Sumerpur (Uttar Pradesh)
CHEMICAL
Ø
Hindustan Lever Limited,
Pune (Maharashtra)
Ø
ICI India Limited Kanpur
(Uttar Pradesh)
Ø
Duncan Industries
Limited, Kanpur (Uttar Pradesh)
POWER/ENGINEERING
Ø
Hindalco Industries
Limited, Renukoot (Uttar Pradesh)
Ø
Siemens Limited New
Delhi
Ø
Bharat Heavy Electricals
Limited Jhansi (Uttar Pradesh)
Ø
BSES Limited, Mumbai
(Maharashtra)
STEEL
Ø
Bharat Berg Limited,
Fatehpur (Uttar Pradesh)
Ø
Kusum Ingots &
Alloys Limited, Indore (Madhya Pradesh)
Ø
Mohan Steels Limited,
Unnao (Uttar Pradesh)
Ø
Rajindra Steels Limited,
Kanpur Dehat (Uttar Pradesh)
Ø
RHL Profiles Limited,
Unnao (Uttar Pradesh)
Ø
Somani Steels Limited,
Unnao (Uttar Pradesh)
SUGAR INDUSTRIES
Ø
Balrampur Chini Mills
Balrampur (Uttar Pradesh)
Ø
Bajaj Hindusthan
Limited, Gola (Uttar Pradesh)
Ø
Bharat Sugar Mills
Sidhwalia (Bihar)
Ø
The Dhampur Sugar Mills
Limited, Dhampur (Uttar Pradesh)
Ø
Upper Ganges Sugar &
Industries Limited, Seohara (Uttar Pradesh)
Ø
Bhopal Sugar Industries
Limited, Sehore (Madhya Pradesh)
Ø
Cogent Engineers Private
Limited, Pune (Maharashtra)
Ø
DSM Sugar Barabanki
Rauzagaon (Uttar Pradesh)
Ø
DSM Sugar Asmoli Asmoli
(Uttar Pradesh)
Ø
DSM Vasulinga Sugar
Mills Limited, Nepal
Ø
Govind Sugar Mills
Limited, Aira (Uttar Pradesh)
Ø
Ghaghara Sugar Limited
Ajbapur (Uttar Pradesh)
Ø
Gangeshwar Limited,
Ramkola (Uttar Pradesh)
Ø
Khalilabad Sugar Mills
(Private) Limited, Khalilabad (Uttar Pradesh)
Ø
Kitply Industries
Limited, Rupapur (Uttar Pradesh)
Ø
L. H. Sugar Factories
Limited, Pilibhit (Uttar Pradesh)
Ø
Motilal Padampat Udyog
Limited, Majhaulia (Bihar)
Ø
Magna Agro Industries
Limited, Kamlapur (Uttar Pradesh)
Ø
New India Sugar Mills
Limited, Hasanpur (Bihar)
Ø
New Swadeshi Sugar Mills
Narkatiaganj (Bihar)
Ø
Rosa Sugar Works
Shahjahanpur (Uttar Pradesh)
Ø
Sumac International
Private Limited, Lucknow (Uttar Pradesh)
Ø
Swadeshi Mining &
Manufacturing Limited, Anandnagar (Uttar Pradesh)
Ø
Sasa Musa Sugar Works
Limited, Sasa Musa (Bihar)
Ø
Triveni Engg. Works
Limited, Allahabad (Uttar Pradesh)
Ø
The United Provinces
Sugar Company Limited, Seorahi (Uttar Pradesh)
Ø
Vishnu Sugar Mills
Limited, Gopalganj (Bihar)
TEXTILE
Ø
Raymond Synthetics
Limited, Allahabad (Uttar Pradesh)
Ø
Threads India Limited,
Kanpur (Uttar Pradesh)
Ø
Parasrampuria
International Indore (Madhya Pradesh)
Ø
SRF Limited Gwalior
(Madhya Pradesh)
Ø
Parasrampuria Industries
Limited, Silvassa, Indore
Ø
Rajasthan Polyesters
Limited, Bhiwadi (Rajasthan)
Ø
Parasrampuria Synthetics
Limited Bhiwadi (Rajasthan)
FLOUR/RICE/FOOD
Ø
Bambino Food Industries
Limited, Gurgaon (Haryana)
Ø
Ganges Flour Mills
Kanpur (Uttar Pradesh)
Ø
The Delhi Flour Mills
Company Limited, Delhi
Ø
Durga Agro Farms Limited,
Gorakhpur (Uttar Pradesh)
Ø
Fie Refineries &
Chemicals Limited, Gorakhpur (Uttar Pradesh)
Ø
Frigorifico Allana
Limited, Aurangabad
Ø
Indagro Foods Limited,
Unnao (Uttar Pradesh)
Ø
Jaya Food Industries
Limited, Hyderabad (Andhra Pradesh)
Ø
Kanodia Flour Mills
Varanasi (Uttar Pradesh)
Ø
Kajriwal Flour Mills
Gorakhpur (Uttar Pradesh)
Ø
MC. Roller Flour Mills
(P) Limited, Shahjahanpur (Uttar Pradesh)
Ø
New Cawnpore Flour Mills
Kanpur (Uttar Pradesh)
Ø
Pepsico India Holdings
Limited Jainpur (Uttar Pradesh)
Ø
R.M. Roller Flour Mills
(Private) Limited, Kanpur (Uttar Pradesh)
Ø
Sethi Flour Mills
(Private) Limited, Gorakhpur (Uttar Pradesh)
Ø
Sita Shree Food Products
Limited, Indore (Madhya Pradesh)
Ø
Tirupati Roller Flour
Mills (Private) Limited, Kanpur (Uttar Pradesh)
Ø
Axiom International Projects
Limited, Kazakistan
Ø
G.G. Dandekar Machine
Works Limited, Kenya
Ø
Narayani Maida Mills
Limited, Nepal
CONSULTANTS
Ø
Davy Powergas India
Limited, Pune (Maharastra)
Ø
Entech Consultancy
Bureau (Madras) Private Limited, Chennai
Ø
International
Development and Engineering Associates Limited, Chennai
Ø
K. S. Projects &
Process Engineers Private Limited, Lucknow (Uttar Pradesh)
Ø
M.L. Bhattacharya
Calcutta
Ø
Mahalingam Associates
Secunderabad
Ø
Tata Consulting
Engineers Mumbai
Ø
Toyo Engineering India
Limited, Mumbai
EXPORT JOBS
Ø
G.G. Dandekar Machine
Works Limited, Kenya
Ø
DSM Vasulinga Sugar
Mills Limited, Nepal
Ø
Axiom International
Projects Limited, Kazakistan
Ø
Narayani Maida Mills
Limited, Nepal
OTHERS
Ø
Philips India Limited,
Mumbai (Maharastra)
Ø
National Building
Construction Corporation Limited, Kanpur (Uttar Pradesh)
Ø
The Zandu Pharmaceutical
Works Limited, Unnao (Uttar Pradesh)
Ø
Pepsico India Holdings
Private Limited, Kanpur (Uttar Pradesh)
Ø
ITC Limited, Saharanpur
(Uttar Pradesh)
Ø
G.G. Dandekar Machine
Works Limited, Bhiwandi (Maharastra)
Ø
Eclat Industries
Limited, Patna (Bihar)
Ø
Essel Mining &
Industries Limited, Jagdishpur (Uttar Pradesh)
Ø
EMA India Limited,
Kanpur (Uttar Pradesh)
Ø
Kothari Products
Limited, Kanpur (Uttar Pradesh)
Ø
Kothari Beverages Kanpur
(Uttar Pradesh)
Ø
Ordnance Equipment
Factory Kanpur (Uttar Pradesh)
Ø
Ordnance Factory Kanpur
(Uttar Pradesh)
Ø
Triveni Sheet Glass
Works Limited, Allahabad (Uttar Pradesh)
Ø
UT Limited Shahibabad
(Uttar Pradesh)
Ø
U. P. State Spinning Co.
Limited, Kanpur (Uttar Pradesh)
FUTURE PLANS
The Company has acquired a 5060 sq. meter plot in Tronica City - an industrial
area close to New Delhi. It is intended to set up a project for manufacturing
of some electrical products for industrial/domestic applications preferably
under some foreign collaboration. Efforts are on to identify a product and
locate a suitable collaborator.
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.44.27 |
|
UK
Pound |
1 |
Rs.86.87 |
|
Euro |
1 |
Rs.57.27 |
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 |
YES |
|
--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 |