MIRA
INFORM REPORT
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Report Date : |
29.10.2007 |
IDENTIFICATION
DETAILS
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Name : |
POWER BEAM TECHNOLOGY |
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Registered Office : |
Aanand Commercial Compound, Near Gandhi Nagar Petrol Pump, LBS Marg, Gandhi
Nagar, Vikhroli (W), Mumbai-400 083 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2003-04 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturer, Exporter and Importer of metal cutting by laser and
other supporting machines for fabrication include welding and grinding
machines, laser cutting machines with accuracies of cutting. |
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 120000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed concern. Partners are
experienced and respectable businessmen. Trade relations are fair. Business is
active. 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/ Factory : |
Aanand Commercial Compound, Near Gandhi Nagar Petrol Pump, LBS Marg,
Gandhi Nagar, Vikhroli (W), Mumbai-400 083 |
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Tel. No.: |
91-22-25789313 91-22-25789348 |
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Mobile No.: |
91-9819549464 |
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Fax No.: |
91-22-25795982 |
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E-Mail : |
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Website : |
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Area : |
Approx 2500 sq. ft |
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Location : |
Rented |
PARTNERS
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Name : |
Ms. Gauri Shikarkhane |
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Designation : |
Partner |
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Date of Birth/Age : |
22 years |
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Qualification : |
Graduate |
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Name : |
Mr. Ramani |
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Designation : |
Partner |
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Date of Birth/Age : |
38 years |
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Qualification : |
Graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of metal cutting by laser and
other supporting machines for fabrication include welding and grinding machines,
laser cutting machines with accuracies of cutting. |
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Exports : |
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Products : |
All products |
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Countries : |
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Imports : |
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Products : |
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Countries : |
Germany |
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Terms : |
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Selling : |
L/C, Credit (30 days), Advance Payment |
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Purchasing : |
L/C, Credit (30 days), Advance Payment |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
25 |
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Bankers : |
The Saraswat Co-Operative Bank Limited, Vikhroli Branch |
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Facilities : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Kulkarni Khanolkar and Company Chartered Accountants |
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Address : |
Bell Building, Mumbai |
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Mobile No.: |
(Mr. Ravi Vaidya) 91-9967555053 |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 6.000 Million |
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Borrowed : |
Rs. 24.000 Million |
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Total : |
Rs. 30.000 Million |
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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40.000 |
Expected Sales (2007-08) : Rs. 50.000 Million
LOCAL AGENCY
FURTHER INFORMATION
As per the website:
Headquartered in Mumbai, India, subject is a leading supplier of
laser marking machines. The concern offers specialised services including laser
cutting machines, laser marking machines, laser cut parts and sheet metal
fabricators.
Since its inception in 2003, subject successfully installed more
than 100 lasers in the country. The concern practises an innovative concept –
on time and every time – for providing after sales services.
LASER
CUTTING MACHINES
Subject offers 100W CO2 laser cutting
machine for cutting acrylic, plywood, MDF boards, etc, at reasonable rate. The
concern also offers laser cutting technology for mild steel, stainless steel
and other materials with thickness varying in the range of 0.1mm and 10mm.
Their laser marking machines are designed and manufactured in the
new laser machine-manufacturing unit at New Bombay. The concern is well
equipped with its own in-house manufacturing facility that operates to global
quality standards for laser cutting machines.
The latest laser cutting machines include:
- Trumpf L3020 laser cutting system with
3,200W power to cut mild steel, stainless steel and aluminium.
- Gem 100 for cutting non-metallic
materials like MDF, acrylic and leather
- The Trumpf L3020 laser cutting system
features auto focusing, a non-contact cutting method, micro welding, 3.2kW
power, a 3,000mm by 1,500mm cutting area and coated sheet processing.
Subject provides flexible and high-quality CO2
laser cutting machines for various types of requirements. The laser cutting
machines offer many features such as auto-focus, non-contact cutting methods
for panel manufacturing, etc. Laser cutting machines are suitable for embossed
or formed component trimming for pharmaceutical machines. Laser cutting
machines are widely used for micro-welding for chemical and laboratory
equipment.
LASER
MARKING MACHINES
Subject offers fully computerised and automatic laser marking
machines for marking many materials including tools and bearings. The laser
marking machines are widely used for marking on switches, plating items and
medical instruments.
Their laser marking machines can also be used for marking on wood,
acrylic, metallic plate trophies and hardened components. They provide 100W CO2 laser cutting machines for cutting acrylic, plywood and MDF
boards. LW Mark G1 laser marking machines are extensively used for marking
metallic parts.
LASER
CUT PARTS
Subject provides various laser cut parts to the major engineering
units. The applications of laser cut parts include automobile, electrical,
pharmaceutical machines, chemical plant, etc. Laser cut parts play a vital role
in the production of sheet metal fabricator parts, chassis parts, small gears,
brakes and clutch plates.
The usage of laser cut parts has been increasing in core sectors
such as railway, defence and heavy engineering. The applications of laser cut
parts can be found in emerging sectors including food processing, luggage,
packing and printing machinery parts. Modern earthmovers, conveyers and
forklifts are equipped with laser cut parts.
SHEET
METAL FABRICATOR
The company provides comprehensive services for sheet metal
fabrication with state-of-the-art technology, offering maximum fabrication
latitude for the future and enabling the user to react flexibly to changing
production demands.
Other supporting machines for fabrication include welding and grinding machines, laser cutting machines with accuracies of cutting +0.1mm, position +0.01mm and repeatability +0.03mm.
Trade References:
- Associated Capsule Group
- Mahindra and Mahindra
- Godrej
- BHEL
- Larsen and Turbo
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.39.34 |
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UK Pound |
1 |
Rs.82.66 |
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Euro |
1 |
Rs.57.57 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
YES |
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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. |
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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