MIRA
INFORM REPORT
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Report Date : |
06.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
VISHAKARMA TOOLS |
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Registered Office : |
D – 127, Sector –
7, Gautam Budh Nagar, Noida – 201 301, Uttar Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1991 |
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Legal Form : |
Sole Proprietory
Concern |
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Line of Business : |
Manufacturing of
Global Moulding Injection Moulding Parts. |
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 20000 |
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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 a well established concern having mediocre track. Trade
relations are fair. 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 : |
D – 127, Sector –
7, Gautam Budh Nagar, Noida – 201 301, Uttar Pradesh, India |
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Tel. No.: |
91-120-3053266 |
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Mobile No.: |
91-9891047987 |
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Fax No.: |
91-120-2423028 |
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E-Mail : |
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Website : |
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Area : |
250 sq. ft. |
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Location : |
Owned |
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Branches : |
397 – Udyog
Greater Kendra, Noida, Uttar Pradesh, India |
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Area : |
400 sq. ft. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Arunkumar
Thakur |
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Designation : |
Proprietor |
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Date of Birth/Age : |
38 Years |
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Qualification : |
I.T.I. |
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Experience : |
15 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of
Global Moulding Injection Moulding Parts. |
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Terms : |
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Selling : |
Cash and Credit
(30 days) |
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Purchasing : |
Sight, Cash and
Credit (30 days) |
GENERAL
INFORMATION
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Customers : |
Local Customers
and Retailers |
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No. of Employees : |
Around 15 |
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Bankers : |
Canara Bank,
Sector 20, Noida, Uttar Pradesh, India |
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Facilities : |
Credit Limit –
Rs. 0.500 Million |
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 5.000 Millions |
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Borrowed : |
- |
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Total : |
Rs. 5.000 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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6.000 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
v
Universal Glass Limited, Sahibabad
v
Kaizen Ind. Jaipur
WEBSITE DETAILS
ATTACHED:
About Them
Incepted in 1998 Subject is a known and trusted name engaged in the manufacturing & Export of premier range of Tools and Dies. Their products are known for their modular construction, reliability and durability. Uniqueness of their products have helped them build a client base all over the world.
Infrastructure
The company is fully equipped with modern testing tools. The final inspection is conducted by a team of experts as per I.S.O. standard. It has two production lines working under full capacity and can deliver the customized Tools & Dies as per the requirements of international buyers. They have the most skilled employees in manufacturing of tools and dies. They make all types of Tools, Dies, as per the requirement of international buyers. They have the most skilled employees in manufacturing of tools and dies. They make all type of tools and dies different range of pet mould (From one cavity to 24 cavity) in different wt. range of wt. & heck (From 19 mm to 120 mm) fro single & two stage.
In a very short time, Subject expanded their operation to become a global player in the Tool & Die industry. They provide the best products to sustain longer relationship with the client.
Mission:
Their mission is to deliver an unparalleled level of service, while considering
your complete satisfaction and peace
of mind. Their dedicated team is ready to provide you any specific advice you need, so that you can choose the right product as per your specific requirement.
CAD/CAM
Having understood that in today's world, product differebtiation is the key to outstanding packaging, they offer a complete confidential innovative design service with functionality to address any demand in modelling, assembling, production. Their innovative tools designs have resulted in very competitve tooling costs, processing-friendly products without any compromise on quality and quick lead times.
Concepts are given shapes with their experience and customer inputes regarding specific requirements and
challenges. This gives them an opportunity working closely with clients.
Pro E Modelling and manufacturing bundle. Visi, Unigraphics and Solid Works are
outsorced.
"CNC Machine have the accuracy to machine tight and repetitive dimensions
if they are programmed appropriately."
v CNC Spart Erosion
v Fully - automatic Cylindrical Grinders
v CNC Lathes
v Vertical Milling Machines with DRD
v Lathes
v Spark Erosion
v Cutting Machine
v Shaper
v Surface Grinders.
v Vertical Drillers
v Hi-Speed Polishing kits (pneumatic and electrically-operated types)
This dynamic company is constantly investing in the latest
machining technologies. In order to ensure high quality and meet delivery
comittments, the company is marching toward ISO 9001:2000 with an emphasis on
full proof process control and quick production cycle turned around. Inspection
is carried out at the end of every machining activity during the process and
comprehensive exhaustive inspection before delivery to ensure that toolings
meet specifications.
Quality Assurance / Inspection
Quality is the sum and substance of all phases of their operation. They recognize quality as an equal partner to price and delivery, and have implemented the latest inspection equipment and methodolgy in both their quality control department as well as the machining environment.
v Contracer, Mitutoyo
v Plotter
Technical skills, customer interaction and advanced equipments fuse together to assure that accuracy and quality are not left to chance. Processing Technicians for all types of processing in PET, they have highly trained operators with years of experience in production environment.
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 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. 39.29 |
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UK Pound |
1 |
Rs. 81.91 |
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Euro |
1 |
Rs. 56.96 |
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 |
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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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. |
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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