MIRA
INFORM REPORT
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Report Date : |
29.06.2007 |
IDENTIFICATION DETAILS
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Name : |
MISHRA HYDRAULICS |
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Registered Office : |
304, T C |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1984 |
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Legal Form : |
Sole Proprietary Concern |
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Line of Business : |
Manufacturer, Exporter and trader of Hydraulic Equipment, Pneumatic Cylinder,
Power Pack, Hydraulic Press Brakes, Scrap Baling Presses, Double Compression
Manual Door and Triple Compression. |
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: |
-- |
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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 an established concern having satisfactory track. Trade
relations are fair. Payments are usually correct and as per commitment.
Nothing adverse reported. The concern can be considered normal for business dealing at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
304, T C |
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Tel. No.: |
91-11-65253971 |
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Mobile No.: |
919811184590 |
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Fax No.: |
91-11-66406065 |
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E-Mail : |
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Area : |
600 sq. fts. |
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Location : |
Owned |
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Factory 1 : |
2000-2001 M I Industrial Area, Bhadurgarh, |
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Tel. No.: |
91-1276-268378 / 645378 |
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Area : |
880 sq. fts. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Arun Mishra |
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Designation : |
Proprietor |
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Date of Birth/Age : |
32 Years |
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Qualification : |
Post Graduate |
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Experience : |
10 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and trader of Hydraulic Equipment, Pneumatic
Cylinder, Power Pack, Hydraulic Press Brakes, Scrap Baling Presses, Double
Compression Manual Door and Triple Compression. |
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Products : |
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Exports : |
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Products : |
Hydraulic Equipment, Pneumatic Cylinder, Power Pack, Hydraulic Press Brakes,
Scrap Baling Presses, Double Compression Manual Door, Triple Compression |
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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 or Credit 30-45 days |
GENERAL INFORMATION
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Suppliers : |
Purchase of raw material from open market |
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No. of Employees : |
38 |
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Bankers : |
State Bank of |
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Banking
Relations : |
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Associates/Subsidiaries : |
Mishra Hydraulics New Matic Industries Factory: Sales Turn Over: Rs. 7.000 Millions |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.500 millions |
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Borrowed : |
-- |
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Total : |
Rs. 2.500 millions |
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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10.00 |
9.000 |
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Profit/Loss for the year |
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12% |
12% |
Expected Sales (2007-08) : Rs. 15.000 millions
LOCAL AGENCY FURTHER INFORMATION
As Per Website
Details:
About Them
Subject
is
a renowned name in the arena of hydraulic products and scrap baling presses.
The company was incorporated in 1984 with limited resources and today they have
grown multifold with a vision to become the largest manufacturer, exporter and
trader in their field. They offer huge variety in Hydraulic
Equipment, Pneumatic Cylinder, Power Pack, Hydraulic Press Brakes, Scrap Baling
Presses, Double Compression Manual Door and Triple Compression. Being highly
quality conscious, they take precautions from the very beginning itself. From
procurement of raw material to the final packaging of the end product, every
task is minutely observed under the guidance of expert professionals.
Back Up Support
They have strong back up support of independent manufacturing unit equipped
with latest machinery and state-of-the-art technology. Talented team of
professionals is the backbone of their company. To keep full control over the
quality of the product, modern testing facility is available with them. With
semi-automatic production technique, they are conveniently handling bulk orders
within the specified time.
Key Features
- Quality as per international norms
- Competitive prices
- Superior quality raw-material
- On-time delivery
- Efficient staff
- Stringent quality control
Their Aim
Their aim is to become market leaders in their field and to fulfill the demand
of market and to meet the customers' expectation. They are committed to maintain
the quality level and incorporate improved features from time-to-time to make
the products better in performance.
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.40.84 |
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1 |
Rs.81.81 |
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Euro |
1 |
Rs.55.03 |
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 |
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 |
NO |
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--AFFILIATION |
YES/NO |
YES |
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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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46 |
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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