MIRA
INFORM REPORT
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Report Date : |
31.10.2007 |
IDENTIFICATION
DETAILS
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Name : |
K. K. PRECITECH PRIVATE LIMITED |
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Registered Office : |
E -646, Mayur Vihar - II, Delhi – 110 091 |
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Country : |
India |
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Date of Incorporation : |
27.06.2006 |
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Com. Reg. No.: |
55 -150320 |
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CIN No.: [Company
Identification No.] |
U27310DL2006PTC150320 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELK08711D |
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PAN No.: [Permanent
Account No.] |
AADCK0192K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Automotive Components. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to establish itself. The company has
been able to obtain some loans from its banker. Payments are reported as slow
but correct. The company can be considered for small to mediocre business dealings
with slight caution, initially. |
LOCATIONS
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Registered Office : |
E -646, Mayur Vihar - II, Delhi – 110 091 |
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Mobile No.: |
91-9311032155 / 9811032155 |
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E-Mail : |
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Website : |
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Plant I: |
11 A, Industrial Area,
Rajender Nagar, G.T.Road, Mohan Nagar, Ghaziabad-201007, Uttar Pradesh. |
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Plant II: |
F -10, Industrial Area, Site 4, Surajpur, Greater Noida, Noida – 201
007, Uttar Pradesh, India |
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Tel. No.: |
91-120-4380180 / 6547 961 |
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Fax No.: |
91-120-4380180 / 11-2774509 |
DIRECTORS
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Name : |
Mr. Ravi Kant Tandon |
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Designation : |
Director |
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Address : |
E – 60, Mayur Vihar – II, Delhi – 110 091 |
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Date of Birth/Age : |
28.01.1964 |
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Date of Appointment : |
27.06.2006 |
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Proprietorship held in Proprietorship firm |
Kunj Kishore Industries |
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Name : |
Mrs. Kirti Tandon |
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Designation : |
Director |
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Address : |
E – 60, Mayur Vihar – II, Delhi – 110 091 |
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Date of Birth/Age : |
20.06.1967 |
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Date of Appointment : |
27.06.2006 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Automotive Components |
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Products : |
· Iron and Steel Scrap, · Stainless Steel Scrap, · Forging Quality Ingots, · Billets, · Blooms, · Industrial Grade (Rounds, Squares and Flats), · Rough Forgings - Die Forgings, · Automatic Components - Duly Machined, · Flanges. · Automotive Parts and Components · Coupling and pulley · Nuts and Bolts · CNC machined Components · Shaft, Shaft Collars and Bright Bars |
GENERAL
INFORMATION
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Bankers : |
Punjab National Bank Address: Branch Navyug Market Ghaziabad – 201 001, Uttar Pradesh, Email ID: surinderyadavca@yahoo.co.in |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity shares |
Rs. 10/- each |
Rs. 1.000 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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82500 |
Equity shares |
Rs. 10/-
each |
Rs. 0.825
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
New Company.
LOCAL AGENCY
FURTHER INFORMATION
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Corporation identity number or foreign company registrations number of
the company |
U27310DL2006PTC150320 |
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Name of the company |
K. K. PRECITECH PRIVATE LIMITED |
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Address |
E -646, Mayur Vihar - II, Delhi – 110 091 |
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This Form is for |
Creation of charge |
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Type of Charges |
· Movable property · Others |
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Particular of the charge holder
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Punjab National Bank Address: Branch Navyug Market Ghaziabad – 201 001, Uttar Pradesh, Email ID: surinderyadavca@yahoo.co.in
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Nature or description of the instrument creating charge |
Hypothecation of Movable Assets forming a part of fixed assets on
dated 10.01.2006 |
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Date of the instrument creating charge |
10.01.2007 |
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Amount Secure by the charge |
Rs. 2.500 millions |
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Brief of the principal terms and conditions and extent and operation
of the charge |
Rate of interest : All the fund based / non fund based facility existing /and future to be
collatereally secured by this assets described as below Terms of repayment: As per agreement Margin: As per agreement Extent and operation of
charge Moveable / Immovable Block Assets |
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Short particulars of the
Property charged |
Hypothecation of all the company’s tangible (Movable / Immovable )
properties including office equipments, furniture and fixture both present
and future and by the installed or not and whether lying loose in case at
site or in transit or which may lying loose in case being or upon or about
the company premises and Godown situated at 141-A, Rajendra Nagar,
industrial. Area, Ghaziabad party any Wherever else the same may be held any
party any where to the order and deposits. |
WEBSITE DETAILS:
The Company is an ISO 9001: 2000 certified is a leading
Indian company engaged in numerous manufacturing and trading activities. All
their operations, centrifugate from their exceptional and focused expertise on
the Indian steel market.
Their company was established in the year 2002, but they have shown their
potential by already covering several mile-stone due to their enterprising
nature, which makes them unique and one of its kind. Their company is
efficiently managed by a group of experts, who have had hands-on experience in
this line for almost two decades. They are directly involved in the following
activities:
Manufacturing:
They
are the manufacturing of automotive components with high degree of accuracies.
They specialize in grinding finish, CNC finish and maintaining close tolerances
and specified dimensions. They primarily concentrate on:
- Shaft (with and without gears) hollow
shafts up to 1000mm.
- Gears rings, pins, hubs, levers, and
hooks.
- Flanges
- Sheet metal components
Quality Checks:
Their company monitors each and every
quality process of their products stringently; every care is taken of before
bringing the automotive components in the market. As a part of their extensive
quality control process, each component is meticulously checked by their in
house Quality Inspectors and attaches a Quality Certificate with each of their
product as a proof.
Trading:
They are well known traders of Iron and Steel. They deal in all grades
and sizes. They offer their services to easily facilitate board spectrum of
clients’ needs with the help of deep penetration acumen that they have, and an
unequivocal access to the best talent in their markets coupled with the right
technical know how that they have categorically endowed to their term. The
areas of their trading activities include:
- Trading of Iron and Steel / Alloy steel
/ Stainless Steel – Round, Square, Flats (Industrial grade both for
forging and non-forging needs) Billets, Ingots, Blooms, Wire rods, twisted
bars, sheets etc.
- Rough Forgings, Open Die Forging, up
setter jobs, Press Forging,
- Flanges.
- Trading of HMS-I, I and II, shredded,
stainless steel, Cast Iron Scrap
- Gravity castings, graded casting etc.
They are always ready to take on new challenges and development jobs and
give shape to their client’s needs.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No 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.39.32 |
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UK Pound |
1 |
Rs.81.35 |
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Euro |
1 |
Rs.56.75 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
--- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
--- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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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 |
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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15 |
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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