MIRA
INFORM REPORT
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Report Date : |
14.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
SHREE UMIYA ENGINEERS |
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Registered Office : |
7, Revabhai Industrial Estate, Part – 1, C.t.m.n.h. No. – 8, Ahmedabad
– 380026, Gujarat, India |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1985 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AHMS02224F |
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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 supplier of Woof Working Machinery. |
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 60000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Corrects |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established concern having satiafactory track. Trade
relations are fair. Payments are usually correct and as per commitments.
Nothing adverse reported. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office / Factory : |
7, Revabhai Industrial Estate, Part – 1, C.t.m.n.h. No. – 8, Ahmedabad
– 380026, Gujarat, India |
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Tel. No.: |
91-79-25857870 |
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Mobile No.: |
91-937494741 |
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Fax No.: |
91-79-25857870 |
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E-Mail : |
Shreeumiyaengrh_2004@yahoo.co.in |
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Area : |
800 Sq. Yards |
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Location : |
Owned |
PARTNER
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Name : |
Mr. Dipak Patel |
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Designation : |
Partner |
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Date of Birth/Age : |
31 Years |
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Qualification : |
Graduate |
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Name : |
Mr. B.M. Patel |
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Designation : |
Partner |
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Date of Birth/Age : |
52 Years |
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Qualification : |
Diploma in Mechanical |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and supplier of Woof Working Machinery. |
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Products : |
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Exports : |
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Products : |
All Products |
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Countries : |
UAE, South Africa |
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Terms : |
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Selling : |
L/C, Cash , Credit (15 Days) |
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Purchasing : |
Cash, Credit (30 Days) |
GENERAL
INFORMATION
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Customers : |
End Users, OEM,s, Dealers |
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No. of Employees : |
35 |
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Bankers : |
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Facilities : |
--- |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
Amar Shah and Company Chartered Accountant |
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Address : |
Ahmedabad, Gujarat |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.15.000 Millions |
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Borrowed : |
--- |
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Total : |
Rs.15.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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8.000 |
6.500 |
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Expected Sales (2007-08) : Rs.10.000 millions
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference :
- S.K. and
Company, Delhi
- Hindustan
Machinery Corporation, Bangalore
- Modern
Machinery Tools, Coimbatore
- Quality
Machine Tools Company, Cochin
Attached Web Details
Shaping the future is a fascinating challenge for them at The
Concern. They are innovative, eager to master technological challenges of
the future, and to cater to your needs with the most advanced products. Their
company was formed in 1985 and since then, it has been exhibiting undisputed leadership
in design and production of an extensive range of Wood
Working Machinery. They are the manufacturer, exporter and
supplier of a wide range of machinery such as Combined
Machine, Thickness Planner, Surface Planner, Moulding Machine, Spindle Moulder,
Circular Saw, Jig Saw, Economy Spiral Lathe Machine, etc. They
believe in perfection and focus all their efforts to find out the best
solution for all the present and future needs of their valued clients.
The
highest level of quality standard is maintained with every product and in all
areas of their business operation. In addition, they strive for offering their
clients a cost effective solution to all their wood working machinery needs. As
a result, their products are today acclaimed all over the country and in
various parts of the world. At present, they export almost 10% of their
products, and at the domestic level, they have their prominent clients in form
of Governments of Gujrat and Andhra Pradesh. Their future plan includes further
expansion of their export market base and also to cater more and more clients
from different parts of the country.
Product
Range
Backed by rich experience, innovative ideas and unique technical
expertise, Shree Umiya Engineers has established itself as a distinguished manufacturer,
exporter and supplier of a massive range of Wood Working Machinery.
Their products include the following
- Panel
Furniture Machineries
- Post Forming
Machine
- Edge Baudez
Machine
- Edge Trimmer
Machine
- Multi Boring
Machine
- Spindle
Moulder Machine
- Hot Press/
Cold Press
- Panel Saw
Machine
- Combined
Machine
- Thickness
Planner
- Surface
Planner
- Moulding
Machine
- Spindle
Moulder
- Circular Saw
- Jig Saw
- Economy
Spiral Lathe Machine
- Cross Cut
Auto Feed Moulding Machine
- Steel Body
Thickness Planner
- Round Stick
Machine
- Extra Machine
(Turning Lathe, Planer Blade Grinder, Belt & Disc Sander), etc.
Quality
Superior value and commitment to quality are the hallmarks of their corporate
culture at Shree Umiya Engineers. For over two decades, they have successfully
played the role of an industry innovator introducing technologically advanced
products and consistent quality. Quality is not a goal for them, it is the way
of life. Their quality objectives are well defined and operated smoothly as
they have adopted a strategically designed quality management policy at their
company. Right from raw material (MS, CI, etc.) to dispatch of finished
products, their experts thoroughly test each and every product against various
internationally recognized quality norms. They deliver their products on-time,
provide customized services and listen closely to ytheir needs so that the
ultimate solution can be offered in the best way possible.
Infrastructure
At Shree Umiya Engineers, they are a professionally managed group empowered by
a world class infrastructure. For over two decades, they have come through
several golden phases of success and growth. Parallel to it, they have also
built up a robust infrastructural base for theirselves in these years. It
comprises of their highly sophisticated facilities for production, fabrication,
tooling, designing, quality control, R&D, warehousing, etc. They have
installed a range of hi-tech machinery at their factory and regularly upgrade
their technologies time to time. A highly skilled team of technocrats makes the
best use of this well established and captive infrastructural facilities to
design and develop products which are matchless in quality, performance and
price.
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.39.33 |
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UK Pound |
1 |
Rs.81.70 |
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Euro |
1 |
Rs.57.67 |
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 |
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 |
YES |
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--AFFILIATION |
YES/NO |
YES |
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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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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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