MIRA
INFORM REPORT
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Report Date : |
19.01.2007 |
IDENTIFICATION
DETAILS
|
Name : |
RAGHUVAMSI
MACHINE TOOLS PRIVATE LIMITED |
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Registered Office : |
MIG.
H116. Bharat Nagar Colony, Hyderabad – 500018, Andhra Pradesh, India |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
16.03.1992 |
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Com. Reg. No.: |
01-13990 |
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CIN No.: [Company
Identification No.] |
U27109AP1992PTC013990 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDR01215E |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Manufacturer
of precision engineering components. |
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
65000 |
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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 company having satisfactory track. Trade relations are
fair. Payments are usually correct and as per commitments. The
company can be considered good for normal business dealings at usual trade
terms and conditions. |
LOCATIONS
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Registered Office : |
MIG.
H116. Bharat Nagar Colony, Hyderabad – 500018, Andhra Pradesh, India |
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Mobile No.: |
91-9866225483
(Mr. Vamsi Vikas, Managing Director) |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Head
Office : |
60/A,
IDA Gandhi Nagar, Hyderabad – 500037, Andhra Pradesh, India |
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Tel.
No.: |
91-40-23720039 |
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Fax
No.: |
91-40-23089140 |
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Area : |
1800
Sq. ft. |
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Location : |
Owned |
DIRECTORS
|
Name : |
Mr.
Vamsi Vikas G |
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Designation : |
Managing
Director |
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Address : |
MIG.
H.116. Bharat Nagar Colony, Hyderabad – 500018, Andhra Pradesh, India |
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Date of Birth/Age : |
01.11.1980 |
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Date of Appointment : |
15.06.2000 |
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Name : |
Ms.
Pavani G |
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Designation : |
Managing
Director |
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Address : |
MIG.
H116. Bharat Nagar Colony, Hyderabad – 500018, Andhra Pradesh, India |
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Date of Birth/Age : |
13.05.1983 |
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Qualification : |
27.01.2004 |
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Name : |
Mr.
Murthy G S |
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Designation : |
Director |
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Address : |
MIG.
H116. Bharat Nagar Colony, Hyderabad – 500018, Andhra Pradesh, India |
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Date of Birth/Age : |
15.07.1943 |
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Date of Appointment : |
16.03.1992 |
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Name : |
Mr.
Ammani |
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Designation : |
Director |
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Address : |
MIG.
H116. Bharat Nagar Colony, Hyderabad – 500018, Andhra Pradesh, India |
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Date of Birth/Age : |
01.07.1958 |
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Date of Appointment : |
15.06.2000 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
No. of Shares |
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G
Thirumurthulu |
34855 |
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Y
Suryaprakash Rao |
2700 |
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Y
Dhana Raju |
1830 |
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Y Tata
Rao |
1700 |
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G
Padmanabham |
1180 |
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G
Batayya Naidu |
1180 |
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G
Ammani |
13240 |
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Y
Satyanarayana |
1500 |
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Y
Meenakshi |
1497 |
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Y Y
Prabhavati |
1000 |
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Ch.
Adhinarayana Murthy |
1998 |
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S
Bhaskar Rao |
2000 |
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P S V
Satyanarayana Murthy |
1500 |
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Y
Gangalakshmi |
1500 |
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K
Lakshmi Narayana |
1500 |
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K
Suryanarayana |
1000 |
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P
Narayana Murthy |
1000 |
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G
Vamsi Vikas |
650 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer
of precision engineering components |
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Products : |
Manufacturer
of precision engineering components for Aerospace, Defence, Automobiles and
Engineering business. Components are manufactured from all metals and the
sizes can very from 1eanch to 100 inches. Services
: CAD/CAM Services, CNC Machining, Swiss Machining and Gear Shaping and
Hobbing. |
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Exports to : |
Out of
total sales 30% is exported to USA And Europe |
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Imports from : |
Imports
from Europe |
GENERAL
INFORMATION
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No. of Employees : |
97 |
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Bankers : |
State
Bank of India Commercial
Branch, Bank Street, Koti |
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Facilities : |
Cash
Credit : Rs.7.500 Millions |
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Banking Relations : |
Satisfactory |
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Auditors : |
C
Vijayanand and Company Chartered
Accountants Pavani
Kamal, Opposite SBH, Koti, Hyderabad -1 |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
95,000 |
Equity
Shares |
Rs.100/- each |
Rs.9.500 Millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
85,226 |
Equity
Shares |
Rs.100/- each |
Rs.8.526 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
|
9.500 |
9.500 |
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2] Share Application Money |
|
6.926 |
6.926 |
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3] Reserves & Surplus |
|
0.000 |
0.000 |
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4] (Accumulated Losses) |
|
(4.869) |
(5.274) |
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NETWORTH |
|
11.557 |
11.152 |
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LOAN FUNDS |
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1] Secured Loans |
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12.101 |
11.855 |
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2] Unsecured Loans |
|
1.329 |
0.314 |
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TOTAL BORROWING |
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13.430 |
12.169 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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24.987 |
23.321 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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18.756 |
19.614 |
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Capital work-in-progress |
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0.877 |
0.450 |
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INVESTMENT |
|
0.001 |
0.001 |
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DEFERREX TAX ASSETS |
|
0.330 |
0.300 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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4.622 |
1.691 |
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Sundry Debtors |
|
2.292 |
1.933 |
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Cash & Bank Balances |
|
0.041 |
0.088 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
|
1.597 |
0.366 |
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Total Current Assets |
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8.552 |
4.078 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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3.529 |
1.122 |
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Provisions |
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0.000 |
0.000 |
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Total Current Liabilities |
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3.529 |
1.122 |
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Net Current Assets |
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5.023 |
2.956 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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24.987 |
23.321 |
PROFIT
& LOSS ACCOUNT
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PARTICULARS |
|
31.03.2006 |
31.03.2005 |
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Sales Turnover [including other income] |
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15.741 |
9.763 |
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Profit/(Loss)
Before Tax |
|
0.405 |
0.151 |
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Provision
for Taxation |
|
0.000 |
0.000 |
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Profit/(Loss)
After Tax |
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0.405 |
0.151 |
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Import
Value |
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1.000 |
NA |
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Total
Expenditure |
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15.336 |
9.612 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
|
2.57 |
1.54 |
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Net
Profit Margin(PBT/Sales) |
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2.57 |
1.54 |
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Return
on Total Assets(PBT/Total Assets} |
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1.48 |
0.64 |
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Return
on Investment (ROI)(PBT/Networth) |
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0.03 |
0.01 |
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Debt
Equity Ratio(Total Liability/Networth) |
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1.47 |
1.19 |
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Current
Ratio(Current Asset/Current Liability) |
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2.42 |
3.63 |
LOCAL AGENCY
FURTHER INFORMATION
Website Details :
In the present
business scenario, it is a fight for existence and the company with the most
viable business plan and strategies survive. Employing innovative technologies
and advanced manufacturing, they, started their business operation in the year
1992. Today, with consistent quality, cost down production techniques and
prompt delivery, they have established themselves as an accomplished manufacturer, exporter, importer and service
provider of engineering
components like Aerospace
Components , CNC Components, CAD/CAM Services (Solid Modeling & Programming
Solutions), CNC Machining (Milling, Turning & Jig Boring), Swiss Machining
(Multi Spindle Automat) and Gear Shaping & Hobbing. Their company's
USP lies in the thorough knowledge of operating as well as emerging markets and
an unmatched transnational reach that enables buyers and sellers to identify
markets and products at the right price. Their products and equipments are
supplied meeting the international standards duly inspected by the inspection
agencies. They source only the best quality products and their procurement team
consists of highly skilled professionals who supervise the entire procurement
process. They assure continuous quality in their products. Efficiency and
safety of the end user is uppermost in their mind.
Their Products and Services
Their wide and
comprehensive range of products and services include:
Ø
Aerospace
Components
Ø
CNC Components
Ø
CAD/CAM Services
(Solid Modeling & Programming Solutions)
Ø
CNC Machining
(Milling, Turning & Jig Boring)
Ø
Swiss Machining
(Multi Spindle Automat)
Ø
Gear Shaping &
Hobbing.
Their Infrastructure
Their success largely depends on their
infrastructure which without any doubt meets all their production requirements.
Modern machines and hi-tech instruments are void without proper manpower, and
Raghu Vamsi Machine boasts of both. They have a team of top notch
professionals whose yeomen service has always helped us in producing world
class products. They have a team of service engineers, who are responsible for
providing efficient and prompt after-sales-service on the field. Additionally,
they also maintain a complete after-sales-service network and sales and service
agents in different countries. Their modern and spacious warehouse and
excellent transport facilities ensure the customers of smooth, safe and prompt
delivery of products.
Their Quality
Their focus on quality is evident in
their product range. They have never compromised on product quality. They have
successfully achieved a high level of customer appreciation resulting in
long-lasting relations. The company undertakes stringent quality control
measures ensuring supreme product quality. The aggressive pursuit for quality
and uncompromising adherence to high standards is the driving force of their
company. They are committed to deliver products that conform to desired
specification and thereby meet customer satisfaction. Their young, dynamic,
enthusiastic and committed professionals are backed by cross functional and
diversified expertise, along with decades of experience in various
manufacturing, marketing and customer orientation fields.
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.44.34 |
|
UK
Pound |
1 |
Rs.87.61 |
|
Euro |
1 |
Rs.57.61 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
|
47 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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