MIRA INFORM REPORT

 

 

Report Date :

27.04.2007

 

IDENTIFICATION DETAILS

 

Name :

PRASHANT GENERATOR COMPANY

 

 

Registered Office :

47, IInd Floor, Ch Balbir Singh Palace, Jwala Hari Market, Paschim Vihar, New Delhi – 110063

 

 

Country :

India

 

 

Financials (as on) :

31.03.2007

 

 

Date of Incorporation :

2006

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

RTKP017G

 

 

Legal Form :

Sole Proprietory Concern

 

 

Line of Business :

Manufacturer, Importer, Exporter and Dealer of Diesel Engines, AC Diesel Engines, Water Cooled Diesel Engines, Super Silent DG Sets, Diesel Power Gensets, Low Noise Power Gensets, Diesel Engine for Generating Set, Engines for Generating Sets, Engines for Pumpsets, Direct Injection Engines, 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

 

Maximum Credit Limit :

USD 20000

 

 

Status :

Small Concern

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a relatively small concern having satisfactory track. Proprietor is reported as experienced and respectable businessman. Trade relations are reported as fair. Business is active. Payments are however reported as usually correct and as per commitments.

 

The concern can be considered for small business dealings at usual trade terms and conditions.

 

LOCATIONS

 

Registered Office :

47, IInd Floor, Ch Balbir Singh Palace, Jwala Hari Market, Paschim Vihar, New Delhi – 110063

Tel. No.:

91-11-25263828/25283064

Fax No.:

91-11-66404046

E-Mail :

Pankajsaini_md@yahoo.com, prashant_mkt@rediffmail.com

Area :

600 Sq. ft

Location :

Owned

 

 

Factory 1 :

682 M I Industrial Area, Bahadurgarh, Haryana

Tel. No.:

91-1276-268604

Fax No.:

91-11-66404046

Mobile No.:

91-9254307773

Area :

1500 Sq. ft

Location :

Rented

 

 

Show Room:

Opposite Jeevan Jyoti Hospital, Mahinder Park, Bahadurgarh, Haryana

 

SOLE PROPRIETOR/

 

Name :

Mr. Pankaj Saini

Designation :

Proprietor

Date of Birth/Age :

33 Years

Qualification :

Graduate

Experience :

11 Years

Mobile No.:

91-9811404542/9350679446/9350679449

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Importer, Exporter and Dealer of Diesel Engines, AC Diesel Engines, Water Cooled Diesel Engines, Super Silent DG Sets, Diesel Power Gensets, Low Noise Power Gensets, Diesel Engine for Generating Set, Engines for Generating Sets, Engines for Pumpsets, Direct Injection Engines, 

 

 

Terms :

 

Selling :

L/C, D/A & DP, Cash or 30 to 45 days Credit

 

 

Purchasing :

L/C, D/A & DP, Cash or 30 days Credit

 

GENERAL INFORMATION

 

Suppliers :

·         Mahindra

·         Kirloasker

·         Greaves

·         Ley Land

 

 

Customers :

·         Defense

·         Telecom

·         Railways

·         Petrol Pumps

·         Hospitals

·         Super Markets

·         Banks

·         Wedding

·         Planner

·         Tent House

 

 

No. of Employees :

20

 

 

Bankers :

Canara Bank, Bahadurgarh, Haryana

 

 

Facilities :

--

 

 

 

Banking Relations :

Satisfactory

 

 

Associates/Subsidiaries :

Rishab Trading Company

47, IInd Floor, Ch Balbir Singh Palace, Jwala Hari Market, Paschim Vihar, New Delhi – 110063

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Rs. 5.000 Millions

Borrowed :

--

Total :

Rs. 5.000 Millions

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

Particulars

 

 

 

31.03.2007

Sales Turnover

 

 

25.000

 

 

 

 

Profit/(Loss) Before Tax

 

 

13%

Provision for Taxation

 

 

 

Profit/(Loss) After Tax

 

 

8%

 

Expected Sales (2007-08) : Rs.40.000 Millions

 

LOCAL AGENCY FURTHER INFORMATION

 

Business

 

They are an OEM of Generators powered by Mahindra Engines and a Delaer of Ashok Leyand, greaves and Kirloskar Brands, Gen Sets.

 

They also Manufacturer Engines for Small Rice Mills, Compressors, Pump Sets, Concrete Mixers, Road Rollers & Vibrators

 

As per website details

 

Profile


They, at Prashant Generator Co., are successfully managing a diversified line of business operations & have become an asset for their esteemed clients worldwide. They are:

 

·         An OEM (Original Equipment Manufacturer) of Generators powered by Mahindra Engines.

·         An authorized Dealer of Generators of Ashok Leyland, Greaves & Kirloskar.

·         An independent Manufacturer of precision Engines for Small Rice Mills, Road Rollers, Compressors, Pump Sets, Concrete Mixers & Vibrators.

·         also offer ready to use generator on hiring basis up to 1250kva.


Their decentralized structure allows us to cope with their branched business activities efficiently. Every division (OEM/dealership/ Manufacturing) is controlled & supervised by a distinct team of authorities enabling us to follow streamlined production process & keep away from any chaos at workplace.


With their technical acumen, professional approach & market leading strategies, they are not only running all the business operations optimally, but have emerged as one of the leaders in their sphere of activity.


Products


They are an OEM of quality Gensets that are assembled with powerful Mahindra Engines to give their performance a boost. They also manufacture precision Engines for various Machines. Their range includes:


Original Equipment for Mahindra Products:


They develop Original Equipment for Generator Sets & assemble them with Engines manufactured by Mahindra & Mahindra, an ISO 14001 & QS 9000 certified group. India's leading corporate house Mahindra is an undisputed leader in engineering reliable, durable, safe & high performance Generator Engines. Assembled with such engines their Gen Sets are well suited to address the alternative power needs of Defense, Telecom, Railways, Petrol Pumps, Hospitals, Super Markets, banks, etc.


Their product range includes :


Engines
They are manufacturer, exporter and supplier of variety of engines including


Power Standards of Mahindra Engines:

 

·         Rating as per IS 10000, BS 5514.

·         Speed Governing as per BS 5514 (Part IV), Class A1.

·         Power Output at 1500 rpm, 50 Hz.

·         The Engine may be operated at 35°C ambient air temperature without deration.

 

Other Quality Features:

 

·         A1 class governing:

·         Safeguards the expensive equipment

·         Fuel consumption : Best-in-class

·         Least in vibration

·         Most compact in its class

·         Zero-leak engines

·         Range : 2.5 KVA to 50 KVA


Empowered with such immaculate engines their Generators promise dependable performance, low operational cost & outstanding durability even in the most adverse climatic conditions.


They also Manufacture:

Their Specifications include:

Engine Specifications:

 

Engine Model

BHP @ 1500 rpm

Specific Fuel con. Gm/bhp/hr*

Dry Weight kg.

Dimension(mm)

Length

Width

 

2185 GN

17.5

167

190

760

550

890

3255 GM

25

166

240

814

550

905

3305 GM

30

165

245

880

550

905

4335 GM

33

160

275

920

550

905

4375 GM

37

160

295

1015

640

1045

4445 GM

44

157

310

1125

640

1030

4575 GM

57

154

325

1195

640

1030

 

Generators


They are exporter and supplier of various generators including

 

e Are Dealer of:

 

Company

Products

Ashok Leyland

Gen Sets 50 to 125 KVA

Kirloskar & Greaves

 

 

Technical Specifications of Generators

 

Genset Rating (KVA)

 

2.5

3.5

5

10/15

15/20

20

25

30

35/40

45/50

Canopy

Length (mm)

1400

1400

2000

2150

2300

2300

2300

2500

2500

2500

 

Width (mm)

900

900

1000

1030

1030

1030

1030

1030

1030

1030

 

Height (mm)

1000

1000

1030

1250

1250

1250

1250

1400

1400

1400

 

Dry Weight (kgs)

350

350

400

800

850

900

950

1000

1050

1100

Engine

Engine Make

 

 

 

 

 

 

 

 

 

 

 

Model

1065GC

1065GC

1085GC

2185GN

3255GM

3305GM

4335GM

4375GM

4445GM

4575GM

 

BHP

6

6

7

17.5

25

30

33

37

44

57

 

RPM

3000

3000

1500

1500

1500

1500

1500

1500

1500

1500

 

Cooling

Air Cooled

Water Cooled with Radiator

 

Aspiration

Natural

Natural

Natural

Natural

Natural

Natural

Natural

Natural

Natural

Turbo charged

 

No. of Cylinders

1

1

1

2

3

3

4

4

4

4

 

Displacement (cc)

348

348

348

1365

1895

2050

2527

2730

3192

3192

 

Governing System

A1/ A2

 

 

 

 

 

 

 

 

 

 

Starting System

12 V Electric

 

 

 

 

 

 

 

 

 

 

SFC (gm/hp/hr)

205

205

220

167

166

165

165

160

157

154

Alternator Type

Type

Brushless, Single phase, Class F/H insulation

Brushless, Single/three phase, H Class insulation

 

Voltage (Volts)

230

230

230

415

415

415

 

415

415

415

 

RPM / Frequency (Hz)

3000/50

3000/50

1500/50

1500/50

1500/50

1500/50

 

1500/50

1500/50

1500/50

Control Panel

 

AMF / Manual Control Panel - as per specific requirement / application

Fuel Tank (LTRS)

 

60

60

60

100

100

150

 

150

150

150

Capacity of Battery (Ah)

 

35

35

45

75

75

75

75

75

88

88

 

(as continuous improvements are contemplated, the descriptions are not binding)

 

THEIR SERVICES


They offer prompt after sales/repair/ reconditioning Service: Anytime, Anywhere. They include:

Their Strengths

 

·         They assemble their Generator Sets with Mahindra & Mahindra Engines that are appreciated widely for their durability, high performance & low maintenance. Hence, their products ensure high capacity & global quality.

·         All their products undergo rigorous/repeat quality checks from designing & manufacturing to final packaging & shipping, that rules out any possibility of defect.

·         They possess a comprehensive manufacturing unit & an advanced laboratory, well equipped with sophisticated machinery that ensure qualitatively & quantitatively high production.

·         Owing to their rich marketing experience & strong distribution network, they have been given the responsibility to stock & distribute the prestigious brands of Greaves, Kirloskar & Ashok Leyland group.

·         They have offshore warehousing facility.

·         They have a good track record for on time delivery.

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

Your Public Notice information has been collected from various sources including but not limited to: Your Courts, India Prisons Service, Interpol, etc.

 

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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.41.29

UK Pound

1

Rs.82.30

Euro

1

Rs.56.20

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

2

PAID-UP CAPITAL

1~10

4

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

1~10

2

--LIQUIDITY

1~10

4

--LEVERAGE

1~10

4

--RESERVES

1~10

3

--CREDIT LINES

1~10

3

--MARGINS

-5~5

-

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

TOTAL

 

30

 

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

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions