MIRA
INFORM REPORT
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Report Date : |
18.06.2007 |
IDENTIFICATION DETAILS
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Name : |
GAYATRI CONTROL |
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Registered Office : |
29, Ahmedabad – 382 445, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1995 |
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Legal Form : |
Partnership Concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturer of Electronic Control Board, E C Drives, D C Drives. |
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 8000 |
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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. Partners are
reported as experienced and respectable businessmen. Trade relations are
fair. Business is active. 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 : |
29, Ahmedabad – 382 445, |
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Tel. No.: |
91-79-2584686/ 25841836 |
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Fax No.: |
91-79-25840686 |
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E-Mail : |
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Website : |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Pratap Badriya |
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Designation : |
Partner |
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Date of Birth/Age : |
48 Years |
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Qualification : |
Graduate |
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Experience : |
20 Years |
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Name : |
Mr. Jignesh Pandya |
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Designation : |
Partner |
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Date of Birth/Age : |
32 Years |
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Qualification : |
Gradate |
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Experience : |
20 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Electronic Control Board, E C Drives, D C Drives. |
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Products : |
ˇ
Electronic Control Board ˇ
E C Drives ˇ
D C Drives |
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Terms : |
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Selling : |
Credit upto 60-90 days basis |
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Purchasing : |
Credit upto 60-90 days basis |
GENERAL INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
About 15 |
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Bankers : |
Syndicate Bank Vatva Branch, Ahmedabad, Gujarat |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.000 millions |
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Borrowed : |
Nil |
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Total : |
Rs. 2.000 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
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Sales Turnover |
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6.200 |
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Expected Sales (2007-08) : Rs. 10.000 millions
LOCAL AGENCY FURTHER INFORMATION
Trade References:
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SAS Engineering Private Limited, Chennai,
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Aaseer Industries, Chennai,
As Per Web
Profile
Gayatri Control Established in 1995 A Short Period of 11 Years has
placed in front of the Manufacturers of control panel. Their control panels are
very Accurate as per the requirement/specifications of customers. As regards to
quality they are an ISO 9001:2000 Germany certified company since 2003, hence
not arising any question on about quality. Consistent Quality Product and
Continuous Quality Improvement Utilisation of best Quality control panel have
developed customer base Abroad.
Their Worldwide Presence Bring us Closer to you.
The products control panels are various types i.e. for plastic machinery, Road
construction machinery, rolling mill, material handling equipments, air
compressor, Printing and Packaging Machinery.
They have a team of qualified and self motivated professionals who set
standards to meet the most rigid specifications, they will guide the customer
to choose the best options when which is cost effective and meet the
requirements. Offer the best possible system design; offer the quality product
and service. The company has excellent team of sales people for carrying out
after sales service.
They can offer a suitable system as per the customer requirement other than our
standard range. They can supply tailor made to suit specific requirements of
the user in such cases they can offer value addition low development lead-time
and cost.
Design and Development
They strongly believe in Design and development
for the improvement of the products to save power and money. They have a wonderful
team for "Quality Assurance" and set to achieve higher goals and
conquer new horizons.
Quality
Subject focus on the needs of the industry and constant development of products
has helped the business grow exponentially and prepare for the changes in
future. Their products prepared with past expertise, without any collaboration
and technical assistant with the guidance and assistance of their Appreciated
Customer. They are inclined to give paramount importance to the total
satisfaction of customers and their aims to providing a true sales and service
setup to the users. Their products perform their best without any problem for
long time with entire satisfaction.
The unit's well supported technocrats making use of their experience in the
engineering segment and absorbing modern technology, has created good market
demand. Their emphasis on quality, productivity, delivery and HRD added to
company growth.
Subject has sufficient infrastructure and testing facilities to supply perfect
product to their customers. They are committed for quality supplies, timely
delivery at a most competitive price and assure of all our customers that will
continue to support in the same way to enlarge the strength.
Customer Care
The philosophy is that the customer should be happy with the system performance
and enormous improvement in work environment and also reduction of labour
inputs for eternity working together with customer and ensuring that the work
is executed to the utmost satisfaction of the customer.
Subject concentrate to have positive and flexible approach towards customer
need through its comprehensive solution and service capabilities,
professionally and cost effectively. As a company whose success derives from
mains fully committed to develop close working partnership with its customer.
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.40.76 |
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1 |
Rs.80.67 |
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Euro |
1 |
Rs.54.58 |
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 |
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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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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