MIRA
INFORM REPORT
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Report Date : |
21.06.2007 |
IDENTIFICATION DETAILS
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Name : |
ATUL ARC |
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Registered Office : |
N – 3B, Street No. 9, New Rohtak Raod, Parvat Industrial Area, Anand –
110005, New Delhi |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1979 |
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Legal Form : |
Partnership Concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturer and Exporter of Electrode Holders, Welding Cables, Wind
Cables, Welding Machines and Industrial Safety Equipment |
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 800 |
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Status : |
Small Concern |
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Payment Behaviour : |
Usually Concern |
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Litigation : |
Clear |
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Comments : |
Subject is a small concern in its field. However it is an established
concern. Trade relations are fair. Payments are usually correct and as per
commitments. It can be considered for small business dealings at usual trade
terms and conditions. |
LOCATIONS
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Registered Office/Factory: |
N – 3B, Street No. 9, New Rohtak Raod, Parvat Industrial Area, Anand –
110005, New Delhi |
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Tel. No.: |
91-11-25736102 / 27521805® |
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Mobile No.: |
91-9811825256 |
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Fax No.: |
91-11-27053622 |
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E-Mail : |
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Website : |
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Area : |
450sq.fts |
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Location : |
Owned |
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Residence : |
H-32/56, Sector 3, Rohini, New Delhi-110085, |
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Tel. No.: |
91-11-27521805 |
PARTNERS
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Name : |
Mr. S.K. Jain |
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Designation : |
Partner |
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Date of Birth/Age : |
58 Years |
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Qualification : |
Graduate |
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Experience : |
25 Years |
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Name : |
Mr. Kamlesh Jain |
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Designation : |
Partner |
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Date of Birth/Age : |
52 years |
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Qualification : |
Graduate |
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Experience : |
25 years |
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KEY EXECUTIVES
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Name : |
Mr, Gaurav Jain |
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Designation : |
Chief Executive |
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Mobile No.: |
91-9811825256 |
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Date of Birth/Age : |
23 Years |
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Qualification : |
Graduate |
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Experience : |
3 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Electrode Holders, Welding Cables, Wind Cables,
Welding Machines and Industrial Safety Equipment |
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Products : |
v
Welding
Cables v
Wind
Mill Turbine Cables v
Trailing
Cables v
Multicore
Cables v
Welding
Machines v
Industrial
Safety Equipment : Face Shields, Nose Masks, Safety Glasses, Safety Helmets, Ear Muff
Foldings v
Gases
Products : Manual Blow Pipes, Single / Double Stage Pressure Regulators, Nozzles v
Welding
Electrodes |
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Exports : |
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Products : |
Welding Cables, Electrode Holders, Safety Equipment |
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Countries : |
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Terms : |
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Selling : |
Cash or Credit (30-45 days) |
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Purchasing : |
Cash, Credit (30 days, 45 days) |
GENERAL INFORMATION
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Customers : |
Wholesalers, Retailers, End Users Subject supplies to following industries : v
Cement v
Chemicals v
Refineries v
Petrochemicals v
Railways v
Mines |
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No. of Employees : |
6 |
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Bankers : |
Syndicate Bank Karol Bagh, New Delhi-110005 |
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Facilities : |
The concern do not enjoy facility from its bankers |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Shree Balaji Overseas Line of Business: same activity Sales Turnover : 5.000 millions Employees : 4 |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.0.200million |
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Borrowed : |
- |
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Total : |
Rs.0.200 million |
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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12.500 |
10.000 |
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Profit After Tax |
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8% |
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Expected Sales (2008) : Rs.20.000 millions
LOCAL AGENCY FURTHER INFORMATION
Company Details:
Subject is a prominent manufacturer,
exporter and supplier of all kinds of quality assured welding equipment such as Electrode Holders, Welding Cables, Wind Mill Turbine
Cables, Welding Machines, etc. Their products are manufactured and marketed under the
brand name of "ATULARC". They also deal in the field of Industrial Safety Equipment and Gases
Products. The
company is ISO 9001 certified, operating with a vision to make the technology
easily accessible to the common man. They are equipped with the latest
standardized machineries and miraculous manpower that provide us the exact
equation of manufacturing world class welding and safety equipment. Their
highly creative workforce is capable of designing top-notch quality products.
The company has an extended network comprising of 460 retailers and 20
distributors spread all over
Application of the Products
Their
products are widely used in various industrial sectors such as:
- Cement
- Chemicals
- Refineries
- Petrochemicals
- Railways
- Mines, etc.
Quality
Assurance
They
are a quality driven organization strictly adhering to stringent quality control
norms at every level of manufacturing process. The company follows ISO 9001
standards in manufacturing its products. Their rich experience and better
resources enable us to produce an array of unmatched products for their valued
clients. A team of highly experienced quality inspectors strictly monitors
every stage of manufacturing process that hardly leaves even a marginal
possibility of quality degradation. Their client oriented approaches with an
impeccable quality have helped us to discover a huge clientele spread all over
the globe.
Superior
Packaging
They
are well supported by a state-of-the-art packaging unit that ensures world
class packaging. Their packaging prevents the goods from any sort of
contamination or damage, thus ensuring safe consignment of the goods to the
desired destination.
Infrastructure
They
are well equipped with a sound infrastructural ability that provide us the
capability to feed all their business objectives. Their in-house tool room enables
us to develop all kinds of products having the specified framework with high
precision manufacturing capabilities. They also have a spacious warehousing
facility and a wide distribution network that assure timely delivery of the
products from the facility.
Atul Welding's
Exclusiveness
- One stop sourcing destination for all
superlative welding equipment needs
- ISO 9001 certified organization
- Impeccable quality to cater to the
client's desirable taste
- World class machineries and competent
workforce to manufacture superlative products
- Timely delivery of the products
- Better after sales service
- Client oriented approaches
- Reasonable prices.
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.40.82 |
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1 |
Rs.81.18 |
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Euro |
1 |
Rs.54.79 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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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 |
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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