MIRA INFORM
REPORT
|
Report
Date : |
03.07.2007 |
IDENTIFICATION DETAILS
|
Name: |
ESCORTS
CONSTRUCTION EQUIPMENT LIMITED |
|
|
|
|
Registered
Office : |
11,
Scindia House, Connaught Circus, |
|
|
|
|
Country: |
|
|
|
|
|
Financials
(as on) : |
31.03.2006 |
|
|
|
|
Date
of Incorporation : |
17.02.1994 |
|
|
|
|
Com.
Reg. No.: |
05-57458 |
|
|
|
|
CIN
No.: [Company
Identification No.] |
U74899DL1994PTC057458 |
|
|
|
|
IEC
No. |
0595009123 |
|
|
|
|
Legal
Form : |
A Closely Held Public Limited Liability company. The
company is a subsidiary of Escorts Limited |
|
|
|
|
Line
of Business : |
Manufacturing of Pick-n-carry Craves, Hydraulic Mobile
Craves, Vibratory Compactors for Sail Asphalt Tandems Rollers, Slew Craves
and Forklifts |
RATING
& COMMENTS
|
MIRA’s
Rating : |
B |
RATING
|
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight
in credit consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
Maximum
Credit Limit : |
USD
2560000 |
|
|
|
|
Status
: |
Moderate |
|
|
|
|
Payment
Behaviour : |
Slow and
Delayed |
|
|
|
|
Litigation
: |
Clear |
|
|
|
|
Comments
: |
Subject
is a subsidiary of Escorts Limited, a diversified engineering company. Their
trade relations are reported as fair. Financial position is moderate. The
company continues to incur heavy losses. Its payments are reported as slow
and delayed. The company can be considered for normal business dealings
at usual trade terms and conditions with some caution. |
LOCATIONS
|
Registered
Office : |
11, Scindia
House, Connaught Circus, |
|
Tel.
No.: |
91-129-2268152
/ 23358021 / 23351336 / 23353176 / 20064298 |
|
Fax
No.: |
91-129-2268152 |
|
Email
: |
|
|
Website: |
|
|
|
|
|
Factory
1 : |
Plot No.
2, Sector 13, |
|
Tel.
No.: |
91-129-5283073,
5286694, 5290793, 5223561, 5223562, 5284810 |
|
Fax
No.: |
91-129-5283065,
5261323 |
|
E-Mail
: |
|
|
|
|
|
Area : |
Leased |
|
|
|
|
Branch : |
Located
at :
|
DIRECTORS
|
Name : |
Mr. Rajan Harprasad Nanda |
|
Designation
: |
Chairman |
|
Address
: |
2, Friends Colony (West), New Delhi-110065, |
|
Date
of Birth/Age : |
15.10.1942 |
|
Date
of Appointment : |
17.02.1994 |
|
|
|
|
Name : |
Mrs. Ritu Nanda |
|
Designation
: |
Director |
|
Address
: |
2, Friends Colony (West), New Delhi-110065, |
|
Date
of Birth/Age : |
30.10.1948 |
|
Date
of Appointment : |
10.04.1997 |
|
|
|
|
Name : |
Mr. Vinod Ahuja |
|
Designation
: |
Executive Director |
|
Address
: |
B- 52-B, Gangotri, Enclave, Alaknanda, New Delhi-110019, |
|
Date
of Birth/Age : |
27.12.1950 |
|
Date
of Appointment : |
30.06.2004 |
|
|
|
|
Name : |
Mr. Sriram Khattar |
|
Designation
: |
Director |
|
Address
: |
15/5, |
|
Date
of Birth/Age : |
26.12.1957 |
|
Date
of Appointment : |
20.07.2000 |
|
Date
of Ceasing : |
29.09.2005 |
|
|
|
|
Name : |
Mr. Vijay Thacker |
|
Designation
: |
Director |
|
Address
: |
1105, |
|
Date
of Birth/Age : |
21.06.1960 |
|
Date
of Appointment : |
29.03.2004 |
|
|
|
|
Name : |
Mr .Nikhil Nanda |
|
Designation
: |
Director |
|
Address
: |
2, Friends Colony (West), New Delhi-110065, |
|
Date
of Birth/Age : |
18.03.1974 |
|
Date
of Appointment : |
30.06.2004 |
|
|
|
|
Name : |
Mr. Shailendra Tandon
|
|
Designation
: |
Director |
|
Address
: |
S-79, 1st Floor, |
|
Date
of Birth/Age : |
26.02.1956 |
|
Date
of Appointment : |
26.09.2005 |
KEY
EXECUTIVES
|
Name : |
Mr. Vikram Sharma |
|
Designation
: |
Chief Executive Officer |
|
Age: |
52 years |
|
Qualification: |
B. Tech. |
|
Experience: |
29 years |
|
Date
of Joining: |
10th June, 2000 |
|
Previous
Employment: |
Escorts Yamaha Motors Limited |
|
|
|
|
Name : |
Mr. Raman Sharma |
|
Designation
: |
Executive Director |
|
Age: |
46 years |
|
Qualification: |
B. Tech., PGDBA |
|
Experience: |
23 years |
|
Date
of Joining : |
9th August, 1999 |
|
Previous
Employment : |
J. K. Industries Limited |
|
|
|
|
Name : |
Mr. Pankajrai S. Mittal |
|
Designation
: |
Finance Controller |
|
|
|
|
Name : |
Mr. Rajeev Sharma |
|
Designation
: |
Company Secretary |
|
Address
: |
1st Floor, 60-61, Pocket – G/2, Sector
16, Rohini, |
|
Date
of Birth/Age : |
30.10.1973 |
|
Date
of Appointment : |
11.09.2006 |
MAJOR
SHAREHOLDERS
|
Names of Shareholders |
Percentage of Holding |
|
|
|
|
Bodies
Corporate |
100.00 |
|
Total |
100.00 |
BUSINESS
DETAILS
|
Line
of Business : |
Manufacturing of Pick-n-carry Craves, Hydraulic Mobile
Craves, Vibratory Compactors for Sail Asphalt Tandems Rollers, Slew Craves
and Forklifts |
|
|
|
|
Products
: |
Cranes on Tyres Front End
Shovel Loaders |
|
|
|
|
Agencies
Held : |
|
|
|
|
|
Exports
to : |
|
|
|
|
|
Imports
from : |
|
|
|
|
|
Terms
: |
|
|
Selling : |
L/C and Credit (30 day) |
|
|
|
|
Purchasing : |
L/C and Credit (60/90 day) |
PRODUCTION STATUS
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
|
Cranes |
|
|
1000 |
1138 |
|
Loaders
and Road Compaction Eq. Pt. |
|
|
450 |
159 |
|
Total |
|
|
1450 |
1295 |
GENERAL
INFORMATION
|
Customers
: |
End Users |
|
|
|
|
No. of
Employees : |
296 – In office 79, in factory 172 and in branch 45 |
|
|
|
|
Bankers
: |
Induslnd Bank Limited,
Statesman House, |
|
|
|
|
Financial
Institutions : |
IL & FS Financial Centre, Plot No. C22, G Block, Bandra Kurla Complex, Bandra (West), Mumbai –
400051, |
|
|
|
|
Facilities : |
The concern enjoy credit limit from its Bankers :
The company enjoys mortgage facilities of Rs. 440.000
millions from IL & FS Trust Company Limited dated 10.04.2007. |
|
|
|
|
Banking Relations : |
Satisfactory |
|
|
|
|
Auditors
: |
|
|
Name : |
S. N. Dhawan and Company Chartered Accountants |
|
Address : |
C-37, |
|
Tel No.: |
91-11-23416322 / 23417564 |
|
Fax No.: |
91-11-23415021 |
|
E - Mail: |
|
|
|
|
|
Associates/Subsidiaries
: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CAPITAL
STRUCTURE
Authorised
Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
40000000 |
Equity Shares |
Rs. 10/- each |
Rs. 400.000 millions |
|
31000000 |
Preference Shares |
Rs. 10/- each |
Rs. 310.000 millions |
|
|
Total |
|
Rs. 710.000 millions |
Issued,
Subscribed & Paid-up Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
40000000 |
Equity Shares |
Rs. 10/- each |
Rs. 400.000 millions |
|
31000000 |
Preference Shares |
Rs. 10/- each |
Rs. 310.000 millions |
|
|
Total |
|
Rs. 710.000 millions |
FINANCIAL
DATA
[all
figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
1] Share Capital |
710.000 |
710.000 |
|
|
2] Profit
& Loss Account |
(69.478) |
(225.306) |
|
NETWORTH
|
640.522 |
484.694 |
|
|
LOAN
FUNDS |
|
|
|
|
1]
Secured Loans |
94.262 |
115.340 |
|
|
2]
Unsecured Loans |
0.000 |
0.559 |
|
TOTAL
BORROWING
|
94.262 |
115.899 |
|
|
DEFERRED
TAX LIABILITIES |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
|
734.784 |
600.593 |
|
|
|
|
|
|
APPLICATION OF FUNDS
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block]
|
175.335 |
172.948 |
|
Capital work-in-progress
|
0.000 |
0.000 |
|
|
|
|
|
|
INVESTMENT
|
0.140 |
0.140 |
|
DEFERREX TAX ASSETS
|
45.608 |
131.048 |
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
|
|
Inventories
|
425.944
|
254.717
|
|
|
Sundry Debtors
|
552.357
|
387.712
|
|
|
Cash & Bank Balances
|
61.064
|
76.833
|
|
|
Loans & Advances
|
110.911
|
65.186
|
Total Current Assets
|
1150.276
|
784.448
|
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
Current Liabilities
|
628.242
|
489.215
|
|
|
Provision
|
11.510
|
6.390
|
Total Current Liabilities
|
639.752
|
495.605
|
|
Net
Current Assets
|
510.524
|
288.843
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES
|
3.177 |
7.614 |
|
|
|
|
|
|
TOTAL
|
734.784 |
600.593 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
Sales Turnover [including other income]
|
3171.800 |
1775.600 |
|
|
|
|
Profit/(Loss) Before Tax
|
267.600 |
49.800 |
Provision for Taxation
|
111.800 |
128.200 |
Profit/(Loss) After Tax
|
155.800 |
178.000 |
|
|
|
|
Export Value
|
34.777 |
14.871 |
|
|
|
|
Import Value
|
200.975 |
134.040 |
|
|
|
|
Total Expenditure
|
2891.600 |
1709.400 |
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
PAT / Total Income
|
(%)
|
|
4.91 |
10.02 |
|
|
|
|
|
|
Net Profit Margin
(PBT/Sales) |
(%) |
|
8.43 |
2.80 |
|
|
|
|
|
|
Return on Total Assets
(PBT/Total
Assets} |
(%) |
|
0.20 |
4.81 |
|
|
|
|
|
|
Return on Investment (ROI)
(PBT/Networth) |
|
|
0.00 |
0.10 |
|
|
|
|
|
|
Debt Equity Ratio
(Total
Liability/Networth) |
|
|
2.14 |
1.68 |
|
|
|
|
|
|
Current Ratio
(Current
Asset/Current Liability) |
|
|
1.80 |
1.58 |
LOCAL
AGENCY FURTHER INFORMATION
The company exports Mobile Cranes and Vibratory Compactors.
The company import Forklift Trucks, Articulated Booms Cranes
and Hamm AG.
The company is in trade terms with :
- Rajdoot
Enterprises,
- Unicom
Distributors, Mumbai
- TVS
Sundram Iyengar and Sons Limited, Chennai
- Daewoo
Heavy Industries
- Fassi
Gru
- Pneumatic
Tahdeur Rollers
Profile
- Subject
is a fully owned subsidiary of Escorts Ltd, and belongs to one of the
- Subject
is the largest Pick 'n' Carry manufacturer in the world.
- Subject
has a strong presence in subcontinental countries, Middle East and
- Subject
was the first to introduce the concept of DEALERSHIPS in the Indian
Construction Equipment Industry .
- Subjectis
clearly your best escort to the world of Construction and material
Handling.
- Besides
Pick and Carry, ECEL is a leading manufacturer of Vibratory soil compactors,
forklifts, hydraulic RT slew Cranes, Yards, Truck Loaders and Tower Cranes
Products
MATERIAL HANDLING EQUIPMENTS
Pick 'N'
Carry Hydraulic Mobile Cranes( Range 5 to 16 tonnes)
Hydraulic Mobile
Slew Cranes (Range 10 to 40 tonnes)
Crawler Cranes
(50 to 280 Ton)
Articulated
Boom Cranes
Tower
Cranes
Fork Lift
Truck (1.5 to 16 tonnes)
Front End
Loaders
ROAD CONSTRUCTIONS EQUIPMENTS
Vibratory
Soil Compactor
Tandem
Vibratory Roller
MILESTONES:
1970 : “Yellow
Line” Construction Equipment Department (predecessor of
Escorts Construction Equipment Limited) formed.
1971 : Hydraulic
mobile Pick-n-Carry crane
Front
End Loader
1983 : Rough
Terrain Hydraulic mobile crane
1987 : Vibratory
Roller 10T Class
1995 : Escorts
Fassi Articulated Boom Cranes (1.72 Tm – 78 Tm)
Escorts Daewoo Fork Lift
Trucks (2T to 15T)
1996 : Escorts
JLG Aerial Work Platforms (15 feet to 150 feet)
v
Telescopic
Boom Lifts
v
Articulated
Boom Lifts
v
Scissor
Lifts and Personnel Lifts
1997 : Escorts
Franna All Terrain PNC crane
1999 : Escorts
K10
The
Next Generation Pick-N-Carry Crane
2000 : Escorts
–
Tandem
Vibratory Roller
2001 : Escorts-M.-1000
Sugar
Cane Loader
FORM 8
|
Corporation identity number (CIN) or foreign company
registrations number of the company |
U74899DL1994PTC057458 |
|
Name of the company |
ESCORTS CONSTRUCTION EQUIPMENT LIMITED |
|
Address |
11, Scindia House, Connaught Circus, |
|
This Form is for |
Modification of charge |
|
Type of Charges |
Book Debts and Corporate Gurantee |
|
Particular of the charge holder |
UTI Bank Limited Statesman House, |
|
Nature or description of the instrument creating
charge |
Letter of modification of charge dated 19.02.2007 |
|
Date of the instrument creating charge |
19.02.2007 |
|
Amount Secure by the charge |
Rs. 713.800 millions |
|
Brief of the principal terms and conditions and extent and
operation of the charge |
Rate of Interest : Not Applicable Terms of Repayments : Bullet Repayments in January 2010 Margin : Not Applicable Extent and operation of the charge : Not Applicable |
|
Short particular of the property charge (including
location of the property) |
Subservient charge on movable fixed assets and current
assets |
|
Particular of the present modification |
Substitution of the security stipulation of second changed
on the movable fixed assets and current assets of the company with
subservient charge on the movable fixed assets and current assets of the
company. |
|
Name of the company |
ESCORTS CONSTRUCTION
EQUIPMENT LIMITED |
|
Presented By |
UTI Bank Limited, |
|
1) Date and description of instrument creating the change |
Deed of hypothecation (current assets, movable property
and receivables) dated 23.03.2005 |
|
2) Amount secured by the charge/amount owing on the
securities of charge |
Rs. 713.800 millions |
|
3) Short particular of the property charged. If the
property acquired is subject to charge, date of the acquired of the property
should be given |
Hypothecation by way of second charge on all the stock in
trade both present and future consisting of stock including raw materials,
stock in process, cash and other current assets whatsoever both present and
future being movable properties of ECEL now or at any time hereafter
belonging to the ECEL or at any disposal and or at any time and from time to
time hereafter stored or to be stored or bought into upon or in course of
transit to ECEL’s factory or premises or any other place, outstanding monies,
receivables claims, bills, which are now due and owing or may at any time
hereafter during the continuance of this security become due and own to the
ECEL in the course of business by any person, firms, company or body
corporate or by the Government Department body or authority or any body
corporate or undertaken project
whatsoever Hypothecation by way of second charge on all the plant and
machinery fixtures implements, fittings and other installations, furniture,
vehicles, computers and articles, equipments, things and all other movable
both present and future whether installed and or fastened to the earth or not
whether lying loose or in cases at site transits or which may at any time
hereafter during the continuance of this security installed or lying loose or
in case of being in or upon or about the ECEL;s factory premises warehouses
and godowns of ECEL or wherever else. The Corporate Guarantee has been given to UTI Bank Limite,
|
|
4) Gist of the terms and conditions and extent and
operation of the charge. |
Payable on demand |
|
5) Name and Address and description of the person entitled
to the charge. |
UTI Bank Limited Statesman House, |
|
6) Date and brief
description of instrument modifying the charge |
N A |
|
7) Particulars of modifications specifying the terms and conditions
or the extent of operations of the charge in which modification is made and
the details of the modification. |
N A |
DEALERS
WEST
|
v Asian
Engineering Sales Corporation |
|
157/D/4, Jhamtani Chambers, |
|
Opp. KSB Pumps Limited, Pimpri, Pune
411 118 |
|
Ph : 91-20-2776478, 2773074, 2771733 |
|
Fax : 91-20-2774118 |
|
Contact Person: Mr. Xavier Joseph |
|
v
Garuda Sales & Service |
|
Rajendra Nagar Chowk, |
|
Above Hero Honda Show Room |
|
Bilaspur 495 001 |
|
v
Bhandari Technotrade Private Limited |
|
Rampurawala Bldg, |
|
|
|
Ph : 91-731-2533445, 2538547 |
|
Fax : 91-731-2434757 |
|
Contact Person: Mr. Nitin Bhandari |
|
v
B.B. Nigade & Sons |
|
Nigade Garrage |
|
NH-4, Sarnobatwadi |
|
|
|
Ph : 91-231-2521043 |
|
Fax : 91-231-521824 |
|
v
Cosfield Sales & Service |
|
|
|
Ph: 91-712-2528540, 2534291,
2531027 |
|
Fax: 91-712-2548430, 2531027 |
|
Contact Person: Mr. Pramod Singh
Jamwal, Mr.Anil Taneja |
v
Mr.
Panigrahi
|
Khadilkar Sales & Services
Limited |
|
Tel : 91-265-2430081 |
v
Mr. Vinayak Joshi
|
Khadilkar Sales & Services
Limited |
|
Ph: 91-261-2871806 |
|
v
Rajiv Enterprises Private Limited |
|
Rajiv House, 4, Smrutikunj, Nr.
Navrangpura P.O. |
|
Navrangpura, Ahmedabad 380 009 |
|
Ph : 91-79-26568571, 26568574 |
|
Fax 91-79-26423595 |
|
Contact Person: Mr. Rajiv Vastupal,
Mr. Narendra Nainani |
|
v
Khadilkar Sales & Services Limited |
|
Parth Complex, Moti Khawdi, Nr. Rly
Crossing, |
|
P.O. Digvijaygram, |
|
Ph: 91-288-244350 |
|
Contact Person: Mr. Khanjan Antani,
91-288-274064 ® |
|
v
Pratik Diesels |
|
194-D, Gaiwadi, |
|
Mumbai 400 004 |
|
Ph : 91-22-23802036, 23826211,
23824236 (O) |
|
Fax : 91-22-23850460, 2864645 |
|
Contact Person: Mr. Pratik Shah,
Mr.Bharat Shah |
|
v Rajat
Enterprises |
|
Naveen Bazar, |
|
Ph : 91-771-2536771, 2536180,
2536733 (O) |
|
Fax : 91-771-2536157 |
|
Contact Person: Mr. Mahavir Golecha |
|
v
United Prospects Private Limited |
|
Near Datta Mandir |
|
Toleband Evorlim Novelim Salcete |
|
Margoa, |
|
Ph : 91-2834-2733522, 2731745 Fax :
91-834-2733521 |
|
Contact Person: Mr. Damodar Thakur,
Mr. Srikant Desai |
EAST
|
v
ABC Trading Private Limited |
|
308, Sumati Complex |
|
Boring Road, |
|
Ph : 91-612- 23263 ® Fax :
91-612-229159 |
|
Contact Person: Mr. V.K.Sahay |
|
v
Chand Agencies |
|
Chand Villa, Bank Area |
|
|
|
Ph : 91-657-2425960 (O) 2425960 ®
Fax : 91-657-2425960 |
|
Contact Person: Mr. S.K.Chand, Mr
Rakesh Chand |
|
v
Dhanbad Tractors & Automobiles |
|
Shastri Nagar, Dhanbad 826 001 |
|
Ph : 91-326-2307318 (O)
2302310,2305749 ® Fax : 91-326-2307318 |
|
Contact Person: Mr. M.D. Poddar |
|
v
Essem Tekno Services Private Limited |
|
Regd Off: 85, |
|
|
|
Ph : 91-33-2291620 Fax :
91-33-2294347 |
|
Contact Person: Mr. S. Sen, Mr.R.
Sen |
|
v
Kasi Equipments |
|
No. 26, |
|
Ph : 91-674-2538695, 2531984 (O)
2413093 (D) Fax : 91-674-2531168 |
|
Email: ksspl@cal2.vsnl.net.in |
|
Contact Person: Mr. Sunil Taneja,
Mr. A. Mishra |
|
v
Kasi Equipments |
|
N-18, Civil Township, |
|
Ph : 91-661-2505650 |
|
v
Kasi Equipments |
|
Hotel Ganapathy, |
|
Naclo Nagar 759 122 , Angul, Orissa |
|
Ph: 91-6760-220026 |
|
Fax : 91-6760-20464 |
|
v
B.R. Enterprises |
|
26, Srimanta Market |
|
|
|
Ph :91-361-2523966 |
|
Contact Person: Mr. Ranjit Budhia,
Mr. G.S.Agarwal |
SOUTH
|
v
Stellas Engineers Private Limited |
|
N7 & N13, |
|
|
|
Ph : 91-80-2211722, 2274020 |
|
Fax : 91-80-2274325 |
|
Contact Person: Mr. P.S. Nathan |
|
v
Karnataka Construction Equipments |
|
Opp. Head Post Office, |
|
Bijapur 586 101 |
|
Ph: 257516, 250216 (O) 250912 ® Fax
: 252216 |
|
Contact Person: Mr. J.N. Joshi, Mr.
P.J.Joshi |
|
v
Meena Engineering Equipments Private
Limited |
|
No. 106, Chenoy Trade Centre |
|
|
|
Ph : 91-40-27844955, 27869365 (O) |
|
Fax : 91-40-27844955 |
|
Contact Person: Mr. C.B.
Viswanathan |
|
v
Rajdoot Enterprises |
|
Harbour |
|
|
|
Ph : 91-891-2563235, 2508616 |
|
Fax : 91-891-2560052 |
|
Contact Person: Mr. A.H.N. Venkat
Rao |
|
v
Shan Ani Pro Services |
|
230, Indira Nagar |
|
Neyveli 607 801, Tamil Nadu |
|
Ph : 91-4142-254516 |
|
Fax: 91-4142-254770 |
|
Contact Person: Mr. Lalit Loothra,
Mr.C.D.P.Kumar |
|
v
Sundaram Motors |
|
25, Ganapathy Colony, |
|
Teynampet, Chennai 600 018 |
|
Ph: 91-44-24362385 (O) |
|
Fax : 91-44-24322753 |
|
Contact Person: Mr. H.J. Iyer |
|
v
T.V. Sundaram Iyengar & Sons
Limited |
|
Post Box No. 21,211, |
|
|
|
Ph : 91-452-2628110 - 4, 232177 |
|
Fax: 91-452-2628118 |
|
Contact Person: Mr.S.Kannan |
|
v
Karnataka Construction Equipments |
|
H.No. 1052 "Shrinivas
Nilay" |
|
3rd Cross, Mrutyunjay
Nagar |
|
Hospet 583 203 |
NORTH
|
v
Anand Automobiles |
|
152, Civil Lines, Chowki Chauraha |
|
|
|
Ph : 91-581-2479829, 2470503 |
|
Fax : 91-581-2479829 |
|
Contact Person: Mr.Sanjay Anand |
|
v
A Automovers Private Limited |
|
|
|
Ph : 91-522-23318202, 2217146,
2216395 |
|
Fax : 91-522-2217146 |
|
Contact Person: Mr.B.S.Talwar |
|
v
Agarwal Enterprises |
|
2, Sardar Patel Marg, |
|
Civil Lines, |
|
Ph : 91-532-2624938, 2624924,
420653, 2624398 |
|
Fax : 91-532-2420652 |
|
Contact Person: Mr. Naveen Chanda |
|
v
Hi Tech Automobiles |
|
117/H-2/206, Pandu Nagar |
|
|
|
Ph : 91-512-2213268 (O); 2219844 ® |
|
Contact Person: Mr. Avinash Chadha |
|
v
Drillcon (Raj) Private Limited |
|
12a, Ambamata Scheme |
|
Opp. Dig Resience, |
|
Ph : 91-294-2524670, 2523976,
2522462 |
|
Fax : 91-294-2523876 |
|
Contact Person: Mr. Praful Mehta |
|
v
Goel Motors |
|
Ranipur More, |
|
Haridwar (UP) |
|
Ph : 91-133-2427072 |
|
Fax : 91-133-2416993 |
|
Contact Person: Mr. Sandeep Goel |
|
v
M.K. Associates |
|
|
|
Ph : 91-7805-267021 |
|
Fax : 91-7805-266658,267021 |
|
Contact Person: Mr.Mohan Bhutani,
Mr.Pankaj Bhutani |
|
v
Spark Engines Private Limited |
|
H.O. SCF. 366, New Motor Market |
|
|
|
|
|
Ph : 91-172-2553066 |
|
Fax :91-72-26730961 |
|
Contact Person: Mr. A.K. Grover,
Mr. P.K.Verma |
|
v
Tractor & Machinery Corporation |
|
Opp. Roadways Bus Stand |
|
Station Road, Jaipur 302 006 (Raj) |
|
Ph : 91-141-2366980, 2360829,
2369584 |
|
Fax : 91-141-2379093 |
|
Contact Person: Mr. Mahendra
Agarwal, Mr.D.Kumar |
|
v
Sabharwal Auto Stores |
|
|
|
Mandi Gobindgarh 147 301 |
|
Ph : 91-1765-256569/256083 (O) |
|
Fax :91-1765-256083 |
|
Contact Person: Mr. Bansi Lal, Mr.
Roshan Lal |
|
v
Prakash Motors |
|
1, Prakash Enclave |
|
|
|
|
|
Ph : 91-562-250211, 2350480 |
|
Fax : 91-562-2350914 |
|
Contact Person: Mr. Navneet Bansal |
|
v
Tractor & Machinery Corporation |
|
Khandelwal Charity Trust Bhawan |
|
Kotri Chouraha |
|
|
INTERNATIONAL
DEALERS
v
Paka Overseas
13/42 Kreishna
Galli, Lalitpur, GPO Box 2743
Kathmandu, Nepal
Tel 520302/3 Fax 977-1-526670/526529
E Mail: paka@mos.com.np
Contact Person: Mr.Badri K. Shrestha
v
Morang Auto Works
Engineering
Division
Ka 1/318, Tripureshwar,
P:O
Phone 261160/261847 Fax 977 1 258935
E Mail : mawnepal@ccsl.com.np
Contact person Mr. Vishnu Agarwal/Mr. Ganesh Raghavan
v
Dax Engineering Co. Private Limited
97,
Sri Lanka
Tel 0094 1 4455585/448527
Contact Persons : Mr. S.S. Wijayasinghe, Chairman
v
Saif Powertec Corporation
South Shajahanpur
Dhaka 1217,
Tel 00 880 2 9335723/9350081 Fax 880 2 83 53 29
E Mail : saifop@bdmail.net
v
Darwish
Bin Ahmed & Sons
Tel 02 5884800, Fax 02 5882242
E mail mandb@emireates.net.ae
Contact person : Mr. Ram Mohan
v
Arabian Engineering Services LLC
Sultanate of
Tel 00 968 594702/Fax 561631
Contact Person : Mr. S.Nagarajan, Construction Equipment Division
v
600SA Holdings (Pty) Limited
Crn Director Road
and Green Avenue, Aeroport
Spartan Ext.2, PO Box 600,
Kempton Park 1620
South Africa
Tel 011 9294602/Fax 9294622
E Mail: group600@iafrica.com
Contact Person : Mr. Max Sheehan
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 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.40.66 |
|
|
1 |
Rs.81.70 |
|
Euro |
1 |
Rs.55.05 |
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 |