MIRA
INFORM REPORT
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Report Date : |
29.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
TEKNOLINK
ENTERPRISES |
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Registered Office : |
13, First Floor, Himalaya Complex, Bhilai- 490023, Chhattisgarh |
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Country : |
India |
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Financials (as on) : |
31.03.2007
[Estimated] |
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Date of Incorporation : |
June
1993 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
JBPT00316B |
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PAN No.: [Permanent
Account No.] |
AACFT0780F |
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Legal Form : |
Partnership
concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturers
and Importers of Automation systems and machinery and parts used in steel
plants. Subject
also provides auto solution to steel industries and project management. |
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
30000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a well established concern having satisfactory track records. Trade
relations are fair. Payments are usually correct and as per commitments. The concern
can be considered normal for business dealings at usual trade terms and
conditions. |
LOCATIONS
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Registered Office : |
13, First Floor, Himalaya Complex, Bhilai- 490023, Chhattisgarh, India |
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Tel. No.: |
91-788-2223454
/ 4030389 |
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Mobile No.: |
91-98261610 |
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Fax No.: |
91-788-2223091 |
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E-Mail : |
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Website : |
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Area : |
1000
sq. ft |
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Location : |
Owned |
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Factory
1 : |
Industrial
Area, Bhilai, Chattisgarh, India |
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Area : |
1500
sq. mtrs. |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. M.
M. Sangani |
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Designation : |
Partner
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Date of Birth/Age : |
68
Years |
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Qualification : |
B. E.
Electrical |
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Experience : |
32
Years |
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Name : |
Mr.
Chetan Sangani |
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Designation : |
Partner
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Date of Birth/Age : |
39
Years |
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Qualification : |
B. E.
Mechanical |
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Experience : |
17
Years |
KEY EXECUTIVES
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Name
: |
Mr. Chetan Sangani |
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Designation
: |
Chief Executive |
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Name
: |
Mr. Dilbagh Singh |
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Designation
: |
Systems Engineer |
BUSINESS DETAILS
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Line of Business : |
Manufacturers
and Importers of Automation systems and machinery and parts used in steel
plants. Subject
also provides auto solution to steel industries and project management. |
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Imports from : |
Germany, UK and USA |
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Terms : |
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Selling : |
L/C, Cash
and Credit |
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Purchasing : |
L/C,
Cash, Credit [30 days] and at Sight |
GENERAL
INFORMATION
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Customers : |
Local
customers and End users |
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No. of Employees : |
19 |
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Bankers : |
Bank
of Baroda Bhilai |
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Facilities : |
Credit
limit : Rs. 20.000 Millions |
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Banking Relations : |
Satisfactory
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Associates/Subsidiaries : |
Ivon Technologies Industrial
Estate, Bhilai Manufacturer
of Machinery and Parts |
CAPITAL STRUCTURE
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Capital
Investment : |
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Owned : |
Rs.
6.900 Millions |
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Borrowed : |
-- |
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Total : |
Rs.
6.900 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
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Particulars |
31.03.2007 [Estimated] |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
80.000 |
47.500 |
24.000 |
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Profit/Loss for the year |
13.100 |
8.600 |
3.000 |
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LOCAL AGENCY
FURTHER INFORMATION
Trade Reference
- Sket Handle GmbH – Germany
- Scharf GmbH, Germany
As Per Website
Introduction
Teknolink Enterprises is a Sales and Service company
dealing in Mechanical and Electrical Industrial Automation Solutions. Teknolink
primarily caters to the requirements of Steel Industry in India, and has had a
long standing professional association with some of the leading steel plants of
central India. In addition, it also has a considerable client-base in the
Mechanical and Electrical Engineering Industry.
Teknolink was formed in 1990 to provide a marketing, sales and consultancy
interface between world-leading technical design houses and local client
requirements in the area of Industrial Automation. Teknolink uses an effective
combination of its knowledge of the local industry and its associations with
world leaders in Industrial Automation to provide sales and service solutions.
Associations
Teknolink is proudly associated as Business Partner / Authorized Representative
with several industry leaders in our field of work. They include Tata
Honeywell, Siemens, Lincoln Industrial, Weisshaar, Hind Rectifiers, Duraweld,
BL Fusegear, among others.
Principals
Teknolink is headed by Mr. Chetan Sangani, a Mechanical Engineer with nearly 15
years of experience in Industrial Automation services and Mr. M. M. Sangani, an
Electrical Engineer with 40 years of executive experience in Steel and
Automation industry.
Aspirations
Teknolink's constant endeavour as a business entity is to add to its identity
and range of services by creating and nurturing interactive professional relationships,
through which it can better its services to its clients and, at the same time,
promote the deserving products and services of our associates to the local
markets.
Location
Centrally located in India, in the industrial city of Bhilai (which houses the
Steel Authority of India Limited - Bhilai Steel Plant, one of the largest
integrated Steel Plants in the world), Teknolink's geographical position allows
its small but focused sales and service team to conveniently network with all
the major industrial states in India.
Location And Travel Suggestions
Rail
The nearest major railway station is at Durg, which is a junction station
situated at a distance of 6 Kms. from Bhilai. Durg is on the Mumbai to Kolkata
mainline, and all major trains on the route stop at Durg. The other option
(specially for those travelling from the south of India) is to travel to
Nagpur, which is at a distance of 250 Kms. from Bhilai, and then catch a
connecting train or a bus. Either way, it is matter of hardly 4-5 hours travel
from Nagpur to Bhilai.
Air
For those who prefer air travel, the airport nearest to Bhilai is at Raipur (at
a distance of 36Kms. approximately).
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.44.24 |
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UK
Pound |
1 |
Rs.86.95 |
|
Euro |
1 |
Rs.57.33 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
54 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and principal
sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
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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