MIRA
INFORM REPORT
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Report Date : |
20.06.2007 |
IDENTIFICATION DETAILS
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Name : |
ALMEIDA BROTHERS |
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Registered Office : |
J M Road, Bhandup (West), Mumbai – 400 078, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1968 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturers and Exporters of Stone Crushers, Impacters. |
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 40000 |
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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 reported as 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 : |
J M Road, Bhandup (West), Mumbai – 400 078, |
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Tel. No.: |
91-22-25946031 / 25946129 / 32564488 |
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Fax No.: |
91-22-25946140 |
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E-Mail : |
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Website : |
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Area : |
1500 Sq. fts. |
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Location : |
Owned |
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Factory 1 : |
Plot No. R – 2, M I D C, Rabale, TTC, New Mumbai, |
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Tel. No.: |
91-22-27697549 / 27699245 |
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Area : |
3000 Sq. mtrs. |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Peter Almeida |
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Designation : |
Partner |
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Mobile No.: |
91-9820444052 / 9820814872 |
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Date of Birth/Age : |
40 years |
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Qualification : |
Graduate |
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Experience : |
20 years |
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Name : |
Mrs. Rosy Almeida |
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Designation : |
Partner |
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Date of Birth/Age : |
66 years |
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Qualification : |
Graduate |
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Experience : |
30 years |
KEY EXECUTIVES
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Name : |
Mr. Prakash |
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Designation : |
Manager |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Exporters of Stone Crushers, Impacters. |
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Products : |
v
Main Frame v
Pitman / Jaw Stock v
Main Axle v
Roller bearings v
Jaw Plates v
Side Plates v
Toggle Mechanism v
Fly Wheels v
Spring v
Pitman Alignment v
Simplified Alignment v
Simplified Shim Adjustment for Wedge Toggle Block
Type and for Shims Arrangement Type. |
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Brand Names : |
ALMEIDA |
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Exports : |
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Products : |
v
Main Frame v
Pitman / Jaw Stock v
Main Axle v
Roller bearings v
Jaw Plates v
Side Plates v
Toggle Mechanism v
Fly Wheels v
Spring v
Pitman Alignment v
Simplified Alignment v
Simplified Shim Adjustment for Wedge Toggle Block
Type and for Shims Arrangement Type. |
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Countries : |
African Countries, |
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Terms : |
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Selling : |
Advance Payments |
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Purchasing : |
Cash or Credit (30 days) |
GENERAL INFORMATION
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Customers : |
Wholesalers and Retailers |
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No. of Employees : |
250 (Factory I: 150 ; Factory II: 100) |
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Bankers : |
Syndicate Bank Bhandup, Mumbai, |
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 10.000 millions |
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Borrowed : |
- |
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Total : |
Rs. 10.000 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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200.000 |
Expected Sales (2007-08) : Rs. 200.000 millions – 250.000 millions
LOCAL AGENCY FURTHER INFORMATION
Trade References
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Ideal Road Builders, Mumbai
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Mahavir Construction, Mumbai
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PBA Infrastructures, Chembur Naka, Mumbai
Website details attached:
Profile
Almeida, a trusted brand for quality and robustly
manufactured Jaw Crushers. The Mining,
Quarry, Material Handling and Construction Equipment of the company come under
the heavy machinery category. The company has been a manufacturer and
exporter of these Crushers for decades.
Over the years, the company has gathered
specialization in designing and manufacturing various sizes and models of Jaw Crushers, Almeida also
manufactures these crushers to suit individual material handling requirements
of its customers.
Through constant research subject’s
engineers have been able to develop machines which give maximum performance at
minimum maintenance. The company's range of products includes items like Main Frame, Pitman/Jaw Stock, Main Axle,
Roller Bearing, Jaw Plate, Side Plate, Toggle Mechanism and Fly Wheel, spring,
Pitman Alignment, Simplified Alignment, Simplified Shim Adjustment for Wedge
Toggle Block Type and for Shim Arrangement Type.
Almeida Jaw Crushers are ideally suited for
primary and secondary crushing and are designed for maximum output against low
power consumption and least maintenance. Every feature of these machines has
been carefully designed to provide maximum quality and performance. The
machines are of single toggle type and are available in various sizes, models
and designs suited for varied conditions.
These crushers are recommended by leading
consultants in this field and are used by hundreds of customers in quarries and
mines all over the world, used for crushing various materials like stone,
granite, trap rock, coke, coal, manganese ore, iron ore, emery, fused aluminum,
oxide, fused calcium carbide, lime stone, quartzite, Ferro alloys etc.
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. 40.70 |
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1 |
Rs. 80.80 |
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Euro |
1 |
Rs. 54.65 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
8 |
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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 |
7 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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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 |
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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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51 |
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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