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MIRA
INFORM REPORT
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Report Date : |
05.07.2007 |
IDENTIFICATION DETAILS
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Name : |
MACHINERY AND TOOLS (IMPEX) |
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Registered Office : |
3852, Shah Ganj, 1st Floor, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2003 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Trading and Export of Machinery |
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 20000 |
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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 and reputed concern having satisfactory
track. Proprietor is reported as experienced and respectable businessman. Trade
relations are reported as fair. Business is active. Payments are usually
correct and as per commitments. The concern can be considered normal fro business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
3852, Shah Ganj, 1st Floor, |
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Tel. No.: |
91-11-23211112 / 65354056 / 23219711 |
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Mobile No.: |
91-9810277107 |
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Fax No.: |
91-11-23211112 |
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E-Mail : |
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Website : |
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Area : |
300sq.fts |
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Location : |
Owned |
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Location : |
Owned |
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Corporate Office : |
24, Netaji Subhas Road, Kolkata - 700001 |
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Location : |
Owned |
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SOLE PROPRIETOR
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Name : |
Mr. Aman Arora |
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Designation : |
Proprietor |
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Date of Birth/Age : |
27 Years |
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Qualification : |
Graduate |
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Experience : |
5 Years |
BUSINESS DETAILS
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Line of Business : |
Trading and Export of Machinery |
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Products : |
Workshop Machinery Sheet Metal Machinery Garage Machinery Packaging Machinery Welding and Fastener Machinery (hand tools, screw and bolt plants) Paper converting and board machinery Special purpose machinery |
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Exports : |
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Products : |
All the above products |
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Countries : |
Middle East, |
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Terms : |
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Selling : |
Cash or Credit |
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Purchasing : |
Cash or Credit |
GENERAL INFORMATION
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No. of Employees : |
15 |
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Bankers : |
The Jammu and Kashmir Bank Limited |
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Banking
Relations : |
Satisfactory |
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Memberships : |
EEPC, DCC |
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Associates/Subsidiaries : |
Machinery and Tools ( Started in: 1982 Activities: Same Sales Turnover: Rs.18.000 millions |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.5.000 millions |
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Borrowed : |
- |
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Total : |
Rs.5.000 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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16.000 |
15.000 |
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Profit/Loss for the year |
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11% |
11% |
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Expected Sales (2007-08) : Rs.20.000 millions
LOCAL AGENCY FURTHER INFORMATION
Websites Details:
Company Details:
Subject came into existence
with the sole aim of catering the most quality conscious buyers of Machine
& Machine Tools. The firm has been in the field of supplying machine at
both Domestic & International Market for many years.
The firm is specialized in supplying Workshop, Garage, Sheet
Metal, Wood Working, Packaging, Carton Box & Paper Converting, Welding
& Fastener Machinery (Nail, Nut, Bolt, Screw, etc.) Besides this, they have
got a wide range of Plants & Special Purpose Machinery as well.
Keeping in mind the rapidly changing trends in the
engineering industry the world over, they follow a program of continuous
improvement and up-gradation of their designs and machines. One of their most
important goals at Subject is to offer the best technology at world class
quality at the most reasonable prices. The word quality to them not only means
the level of performance but also the excellence in design, aesthetic values
and prompts after-sale service. They believe in complete customer satisfaction
from the word MOVE, i.e. from the time an inquiry is floated to the time an order is
executed and finally till the customer scarps the machines after decades of
use.
They are
marketing all their products according to the international standard prevalent
in different countries. Their ISO Certification
is under process. At the same time they are maintaining the cost effectiveness
of the products & customer satisfaction as well. Further they would be
pleased if you could keep this catalogue in your reference list & register
their name for forwarding future enquiries, which will receive their prompt
attention.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.46 |
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1 |
Rs.81.55 |
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Euro |
1 |
Rs.55.09 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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 |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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45 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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