MIRA
INFORM REPORT
|
Report Date : |
13.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
PLUTO HOLDER MANUFACTURING COMPANY |
|
|
|
|
Registered Office : |
S. No.- 123, 70/1/11/a/2, Santosh Nagar, Katraj, Pune – 411 046,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
2004 |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Indexable Insert Tool Holders |
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. |
Small |
|
Maximum Credit Limit : |
USD 34000 |
|
|
|
|
Status : |
Small Concern |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively small concern having satisfactory track.
Proprietor is reported as experienced and respectable businessman. His trade
relations are fair. Business is active. Payments are reported as slow but
correct. The concern can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
LOCATIONS
|
Registered Office : |
S. No.- 123, 70/1/11/a/2, Santosh Nagar, Katraj, Pune – 411 046,
Maharashtra, India |
|
Tel. No.: |
91-20-24317708 |
|
Mobile No.: |
91-9822060567 |
|
Fax No.: |
91-20-24317708 |
|
E-Mail : |
|
|
Area : |
5000 sq. ft. |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Sachin Subhash Desarda |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
07.07.1978 |
|
Qualification : |
Engineering Production |
|
Experience : |
8 years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter |
|
|
|
|
Products : |
v Indexable Insert
Tool Holders ( Special and Standard )
Screw type
Lever Type
Top Clamp
T Clamp v Spares For the
above Indexable Insert Tool Holders v Customized Anti
Vibration Boring Bars and Combination Drills |
|
|
|
|
Terms : |
|
|
Selling : |
Cash |
|
|
|
|
Purchasing : |
Cash |
GENERAL
INFORMATION
|
Customers : |
v OEM’s, Dealers
and Direct Users v Ghatge Patil
Industries Limited ( Kolhapur ) v Jindal Saw
Limited ( Sinnar ) v Seinumero
Engineering India Limited ( Pune ) v Virgo India Limited
( Pune ) v Virgo Vales and
Controls Limited ( Pune ) v Spirex Marshal (
Pune ) v Concentric Pumps
( India ) Private Limited ( Pune ) |
|
|
|
|
No. of Employees : |
15 |
|
|
|
|
Bankers : |
Vishweshwar Sahakari Bank Market Yard |
|
|
|
|
Facilities : |
Cash Credit – Approximate Rs. 5.000 Millions |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Vinay Balbota and Company Chartered Accountants |
|
Address : |
Cantt |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 2.500 Millions ( Approximate ) |
|
Borrowed : |
Rs. 6.000 Millions ( Approximate ) |
|
Total : |
Rs. 8.500 Millions ( Approximate ) |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
31.03.2007 |
31.03.2006 |
|
Sales Turnover |
|
4.000 |
2.500 |
Expected Sales (2007-08) : Rs. 5.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
v
Bharat Forge Limited
v
Spirex machine
v
Marshal
v Vargo Walls
Website Details
Attached:
World class indexable
insert holders, spares and other allied products designed with excellence...
About Them:
Established in the year 2000 and soon growing into prominence to be an undisputed leader in its arena, Subject is
an industrial innovator. What distinguishes them in the highly competitive market is their innovative products, extreme quality consciousness and uncompromising customer centric approaches. They strive to design and develop the most advanced products using cutting edge technology and continually improving their products through innovation and constant research. They are a highly reputed manufacturer, supplier and exporter of a premium range of world class Indexable Insert Tool Holders (Special & Standard) such as Screw Type, Lever Type, Top Clamp and T Clamp. In addition, they manufacture Spares for the aforesaid Indexable Insert Tool Holders and Customized Anti Vibration Boring Bars and Combination Drills as per specifications laid down by their clients. These products, all of international quality standard and enriched with advanced features, are highly acclaimed all over the country and even in the overseas markets for their uniqueness, reliability and affordable price. Their company has already developed more than 25,000 pieces of holders and established long term relationships with many a reputed client for whom they are the brand emerging as an unchallenged leader in the industry.
Their Product Range:
Subject is a highly reputed manufacturer, supplier and exporter of a range of highly advanced Indexable Insert Tool Holders and allied products. The product portfolio they offer to their valued clients includes the following items-
v Indexable Insert Tool Holders (Special & Standard)
Screw Type
Lever Type
Top Clamp
T Clamp
v Spares for the above Indexable Insert Tool Holders
v Customized Anti Vibration Boring Bars and Combination Drills.
Their Quality:
Subject is committed to provide its customers supreme grade
products at amazingly affordable prices, with on-time delivery and meeting
their expectation level. To ensure that they excel in maintaining the highest
quality standard with all their products, a stringent quality control policy is
maintained at their company. Each and every product is tested thoroughly at
every stage of the manufacturing process, so that they conform to
internationally recognized norms and regulations. Right from the raw material
procurement to the final delivery of finished products, a team of experts
supervises the whole process and confirms that their clients get flawless
quality products. All the holders they manufacture are marked with Laser, hence
easily readable. They are packed with utmost care and along with all the
required spares.
Their Infrastructure:
A well established infrastructure is what provides Subject the greatest support to perform all its production and business operations with excellence. The manufacturing unit of their company is highly equipped with a range of sophisticated machinery. This unit houses all the facilities required for production, quality control, R&D, warehousing, etc.- all under one roof. Besides, their company is empowered by a team of highly experienced professionals who are committed to elevate their status into the most successful company in its arena. With a wide business network spread countrywide, they can deliver their products most efficiently within stipulated time period.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 39.39 |
|
UK Pound |
1 |
Rs. 81.31 |
|
Euro |
1 |
Rs. 57.44 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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. |
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 |
|