MIRA
INFORM REPORT
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Report Date : |
18.06.2007 |
IDENTIFICATION DETAILS
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Name : |
M. D. PRO MOULDS |
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Registered Office : |
Unit No. 6,
Ashoka Industrial Estate, Golani Complex, Waliv, Vasai [East], Thane –
401208, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2004 |
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Legal Form : |
Sole Proprietory
Concern |
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Line of Business : |
Manufacturers of
Machineries & Moulds for Thermocol Processing. |
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 10800 |
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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
small concern having satisfactory track.
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/Factory : |
Unit No. 6,
Ashoka Industrial Estate, Golani Complex, Waliv, Vasai [East], Thane – 401208,
Maharashtra, India |
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Tel. No.: |
91-250-3299107 |
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Mobile No.: |
91-9821046825 /
9326017369 |
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E-Mail : |
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Area : |
6000 sq. ft. |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mrs. Mohana D. Walawalkar |
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Designation : |
Proprietor |
KEY EXECUTIVES
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Name : |
Mr. Deenar S.
Walawalkar |
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Designation : |
Chief Executive
Officer |
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Date of Birth/Age : |
40 years |
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Qualification : |
Post Graduate |
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Experience : |
15 years |
BUSINESS DETAILS
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Line of Business : |
Manufactures of Machineries and Moulds for Thermocol Processing |
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Products : |
♦
Shape Moulding Machines ♦
Hydraulic and Pneumatic Machines (Fully Auto
and Semi Auto) ♦
Pre-foaming Machines with screw conveyors ♦
Double Foaming Fluidized Bed Dry ♦ Thermocol Making Machinery |
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Exports : |
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Countries : |
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Terms : |
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Selling : |
Cash, Credit (30 – 45 days) |
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Purchasing : |
Cash, Credit (30 – 45 days) |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
30 |
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Bankers : |
Saraswat
Co-operative Bank Limited Kandivli [West],
Mumbai – 400067, |
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Facilities : |
Cash Credit : Rs. 1.000 million Term Loan : Rs. 0.700 million |
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Banking
Relations : |
Satisfactory |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.1.000 millions |
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Borrowed : |
Rs.1.700 millions |
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Total : |
Rs.2.700 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
18.500 |
16.000 |
9.800 |
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Expected Sales (2007-08) : Rs.20.000 – 25.000 millions
LOCAL AGENCY FURTHER INFORMATION
It is in trade terms with :
Ř
Mirc
Electronics Limited, Mumbai
Jignesh Damania – Purchase Manager
Ř
LG
Electronics Limited
Sandip Thomar – Tool Department Incharge
WEBSITE DETAILS
Company Details:
Subject is a leading manufacturer of Shape
Moulding Machines that are of supreme quality and features. They have
been ruling over the market for a decade with their high quality machineries
and other products. The demand for their products has been increasing
constantly in the market and they have earned invaluable trust of their
clients. They promise to offer supreme quality products at a competitive price.
They make sure that the clients are satisfied by the products in every aspect.
They aim to achieve excellence in the field and strive to offer
sophisticated and advanced Moulding
Machines of various features to the companies across the country.
Quality
Subject are committed to quality and are recognized
as the manufacturer of only quality products in the market. They have their own
quality inspection team which ensure that all the defects are removed at the
earlier stages of production. The products manufactured by them are of
international quality with specific features.
Infrastructure
With the instinct to manufacture Moulding
Machines and Pre-Foaming
Machines of super quality, they have installed all the latest technology
and machineries at their manufacturing unit. They aim to bring revolution in
the market with their unmatched quality products. Their team of skilled
professionals and engineers are the driving force behind their remarkable
achievements.
Clients
Due to adherence to quality products and timely delivery they share a strong
relation with their clients in domestic as well as international market. M. D. Pro Moulds exports Hydraulic and Pneumatic Machines along with other products to regions like
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.40.97 |
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1 |
Rs.80.73 |
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Euro |
1 |
Rs.54.56 |
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 |
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 |
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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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