MIRA
INFORM REPORT
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Report Date : |
11.06.2007 |
IDENTIFICATION DETAILS
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Name : |
FORK LIFT INDIA PRIVATE LIMITED |
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Registered Office : |
501, |
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Country : |
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Financials (as on) : |
-- |
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Date of Incorporation : |
08.02.2007 |
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Com. Reg. No.: |
158981 |
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CIN No.: [Company
Identification No.] |
U29150DL2007PTC158981 |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business : |
Manufacturer,
importer, supplier, trader and service provider of a
range of Material
Handling Equipment including Forklift, Forklift Spare Parts, Solid Cushion Tyres,
Hydraulic Hand Pallet, Electric Stacker, Battery Operated Pallet Truck,
Plastic Pallet, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
-- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to establish itself. No further
details or payment are made available. The company can be considered for business dealings against fully safe
and secured trade terms and conditions. |
LOCATIONS
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Registered Office : |
501, |
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Mobile No.: |
91-9830096488 / 9830096428 |
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E-Mail : |
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Factory 1 : |
41 Mile Stone, N.H.-8,
Narsingpur (Before Carrier Aircon), Gurgaon - 122001, |
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Tel. No.: |
91-124-3251635/372905 |
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Fax No.: |
91-11-27371857 |
DIRECTORS
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Name : |
Mr. Vikas Bagaria |
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Designation : |
Director |
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Address : |
B – 1/140, Ashok Vihar – II, |
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Date of Birth/Age : |
26.10.1973 |
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Name : |
Mr. Saket Mansinka |
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Designation : |
Director |
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Address : |
30 B, Judge Court Road, Flat 2 A, Kolkata – 700026, West Bengal, India
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Date of Birth/Age : |
26.09.1976 |
MAJOR SHAREHOLDERS
As on 30.03.2007
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Names of Shareholders |
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No. of Shares |
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Vikas Bagaria |
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5000 |
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Saket Mansinka |
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25000 |
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Raj Kumar Jhunjhunwala |
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5000 |
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Total |
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35000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer,
importer, supplier, trader and service provider of a
range of Material
Handling Equipment including Forklift, Forklift Spare Parts, Solid Cushion
Tyres, Hydraulic Hand Pallet, Electric Stacker, Battery Operated Pallet
Truck, Plastic Pallet, etc. |
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Products : |
·
Forklifts ·
Forklift Spare Parts ·
Solid Cushion Tyres ·
Hydraulic Hand
Pallets ·
Electric Stackers ·
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GENERAL INFORMATION
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Bankers : |
Not Available |
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Facilities : |
-- |
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Banking
Relations : |
-- |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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250000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.500 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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Not Available |
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FINANCIAL DATA
[all figures are in
Rupees Millions]
New Company
LOCAL AGENCY FURTHER INFORMATION
Profile
Subject
offer the most advanced, the most reliable, and the most productive material
handling equipment and spare parts in the industry. Subject is a
distinguished manufacturer, importer, supplier, trader and service
provider of a range of Material Handling Equipment including
Forklift, Forklift Spare Parts, Solid Cushion Tyres, Hydraulic Hand Pallet,
Electric Stacker, Battery Operated Pallet Truck, Plastic Pallet, etc. Their
activities also include Forklift Servicing, Forklift Rental
Service and Annual Maintenance Contracts of Forklifts. Thus,
they provide their clients a one stop solution for all kinds of material
handling equipment as per their requirement and budget.
In all
their operations, they maintain the highest standard of quality and service,
and owing to that, you can rely on them for the best in what they deal in and
take responsibility for. At Forklift India Private Limited, they believe that
customer satisfaction is the major key to success. Combining their
organizational goals with their customer centric approaches, they endeavor for
perfection and to maintain their acme of success.
They, Forklift
India Private Limited, are dedicated to bring for you the best material
handling equipment at highly affordable price range. This attitude has made
them an admired brand amongst their customers, and helps to earn peerless
success in the industry.
Services
Beside
manufacturing the above products, they are also engaged in the following
activities-
- Forklift Servicing
- Rental of Forklifts
- Annual Maintenance Contracts for
Forklifts.
Quality
Subject believes that quality is something dynamic, and remains
engaged in extensive research to manufacture new material lifting technologies
and better products. They have a dedicated team of experts who confirm
guaranteed quality of the products that they manufacture, supervising the
manufacturing process at every step. In addition, they are also very selective
about the products they import from authentic dealers and vendors. They are
also known in the industry for their highly reliable forklift servicing and
annual maintenance services.
Infrastructure
In their journey towards brilliance and success, they are
backed by a well built infrastructural base which facilitates them with
everything in terms of technology and skill. The manufacturing unit of Forklift
India Private Limited perfectly reflects their techno-savvy attitude. It is
well equipped with advance manufacturing facilities. In addition, they have a
special team of marketing professionals who take care of after sales service
and other buying-selling operations. Their Research & Development unit is also
worth mentioning, that is responsible for their innovative technologies and
products.
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.40.91 |
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1 |
Rs.80.46 |
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Euro |
1 |
Rs.54.60 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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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 |
NO |
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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 |
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12 |
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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