MIRA
INFORM REPORT
|
Report Date : |
22.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
AGRO ENGINEERS |
|
|
|
|
Registered Office : |
F-557, Road No. 6, Industrial Estate, Kota – 324 007, Rajasthan |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
1969 |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business : |
Traders, Manufacturers, Exporters and Importers of Right Angle Gear
Boxes, Worm Gear Boxes, Industrial Gear Boxes, Racks and Pinions,
Spur/Helical/Bevel and Worm Gears, Worm Wheel and Worm Shaft sets, Geared
Motor, Helical Gear Boxes, Hydro Power Equipments-Cranes Hoists. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 26800 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established concern having steady business. 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
|
Registered Office/ Factory : |
F-557, Road No. 6, Industrial Estate, Kota – 324 007, Rajasthan, India |
|
Tel. No.: |
91-744-2363799/ 2490773 |
|
Mobile No.: |
91-9414182835 |
|
Fax No.: |
91-744-2360835 |
|
Area : |
1000 sq. mtrs. |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Kuldeep Raj Aggarwal |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
62 years |
|
Qualification : |
Mech. Engineering |
|
Experience : |
40 years |
BUSINESS DETAILS
|
Line of Business : |
Traders, Manufacturers, Exporters and Importers of Right Angle Gear
Boxes, Worm Gear Boxes, Industrial Gear Boxes, Racks and Pinions,
Spur/Helical/Bevel and Worm Gears, Worm Wheel and Worm Shaft sets, Geared
Motor, Helical Gear Boxes, Hydro Power Equipments-Cranes Hoists. |
|
|
|
|
Products : |
v Right Angle Gear Boxes v Worm
Gear Boxes v Industrial
Gear Boxes v Racks
and Pinions v Spur/Helical/Bevel
and Worm Gears v Worm
Wheel and Worm Shaft sets v Geared
Motor v Helical
Gear Boxes v Hydro
Power Equipments-Cranes Hoists. |
|
|
|
|
Brand Names : |
AGNEE Gears |
|
|
|
|
Exports : |
|
|
Products : |
Power Transmission Gears and Pinions |
|
Countries : |
v USA v UK |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash or Credit |
|
|
|
|
Purchasing : |
L/C, Cash or Credit – ( 60 days ), Sight |
PRODUCTION STATUS
|
Particulars |
|
Actual
Production |
|
Power Transmission Gears and Pinions |
|
As per demand |
GENERAL
INFORMATION
|
Customers : |
Local Customers and End Users |
|
|
|
|
No. of Employees : |
31 ( In Office 6 and In Factory 25 ) |
|
|
|
|
Bankers : |
State Bank of Bikaner and Jaipur, Kota |
|
|
|
|
Facilities : |
Limit Rs. 1.500 Million |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Dharam Chand Mittal and Company Chartered Accountants, Kota |
|
|
|
|
Associates/Subsidiaries : |
Agnee Transmission India Private Limited, Kota Line of Business: Transmission Products |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 6.700 Millions |
|
Borrowed : |
- |
|
Total : |
Rs. 6.700 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
31.03.2007 |
31.03.2006 |
|
Sales Turnover |
|
30.000 |
28.000 |
|
|
|
|
|
|
Profit/Loss for the year |
|
2.800 |
2.500 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
v
Broderick Projects Limited UK
Website Details
Attached:
About Them:
Subject started their business operations in the year 1969, with a vision to
deliver impeccable quality products at most affordable rates to the customers.
Significant technical skill and machine capability is the heart of AGNEE Gears, providing industry with a qualified and reputable source for specification, design, manufacture of a variety of individual gear items and complete gear drive assemblies.
Other Mechanical Power Transmission equipments, custom built as per specifications, cater to almost every industry like Stone, Mining, Engineering, Cement, Fertilizers, Rayons, Textiles, Chemicals, Nuclear, Thermal, Hydro Electric Plants, Coal Handling Plant, Hydro multipurpose Projects, and host of other applications.
They provide an excellent after sales services across the country and maintain
a huge inventory of products to meet immediate bulk requirements of the
customers. With continual research and development, they strive to provide
their customers with products that bespeak latest technology and flawless
workmanship. They subscribe to stringent quality checks that are in compliance
with international standards before sourcing any raw materials to ensure
flawless manufacturing process.
They are an ISO 9001: 2000 Company. They are manufacturing Worm Gear Boxes under the brand name of AGNEE. The product conforms to the international quality needs. They are working for Govt. Projects, Large Scale Industries and Small Scale Industries. They are maintaining standards specified by the clients. Repeated orders from same clients are the indication of the customer satisfaction on all fronts. They have arrangement for Material Testing, Hardness testing, Ultrasonic and Radiographic testing through agency to meet the specified requirements.
Honest, Fair, Reliable - these are the three words they keep in mind while dealing with any person.
Apart from usual enquiries, they also invite your Technical Problems, suggestions, discussions etc., regardless to their Products. Please feel free to Contact Them
Their Products
Their products hold a unique position in the worldwide market owing to their
superlative quality and cost effectiveness. With uncompromising endeavor
towards perfection and customer satisfaction, they have consolidated their
position in the national as well as international market. Their range of
premium quality products include:
v Right Angle Gear Boxes
v Worm Gear Boxes
v Industrial Gear Boxes
v Racks and Pinions
v Spur/Helical/Bevel and Worm Gears
v Worm Wheel and Worm Shaft sets
v Geared Motor
v Helical Gear Boxes
v Cranes
v Hoists
Their Quality
They are committed towards customer satisfaction and have never compromised on quality.
Its their consistent quality products that today they are the most ideal
manufacturer, trading company and exporter of Right Angle Gear Boxes, Worm Gear
Boxes, Industrial Gear Boxes, Racks and Pinions, Spur/Helical/Bevel and Worm
Gears, Worm Wheel and Worm Shaft sets, Geared Motor, Helical Gear Boxes, Hydro
Power Equipments-Cranes Hoists in India. Their team of quality control
inspectors maintain a strict quality control norms at all the levels of
manufacturing stage.
Their vision is to be among the Indian top 5 by 2010 in the field of Gears,
Gear Boxes, Geared Motor and Gear Assemblies.
Their mission is to help customers achieve their business objectives by providing them with innovative, best-in quality power transmission products, services and solutions. Make it a joy for all employees, suppliers, customers, financers and associates to work with them.
Quality Policy
v To maintain Quality as per specifications of the customers.
v To ensure timely delivery of Products to customers.
v To maintain Total satisfaction of customers through meeting their expectation.
Quality Objectives
v Quality Consistency.
v Continuous skill up gradation of their employees to expertise in their jobs.
v Follow up of "Prevention is better than cure" and "Do it Right at First time (DIRFT)".
v Promoting Safety, Environment Friendly and House Keeping Aspects.
v To ensure that performance / capability of all tools, machinery and test equipment are performing at their expected levels.
v Harmonious Environment in the company.
Their Infrastructure
Their state-of the-art manufacturing facilities are well supported by their
team of astute, dexterous and dedicated workers, business oriented professional
and skillful management. They have a pool of engineers and other experts having
wide industry experience. Their manufacturing unit is equipped with hi-tech
machines, which helps in manufacturing products which can satisfy the specific
requirements of quality conscious customers. Their production capabilities
enable them to deliver their products in bulk in the least lead time.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 39.39 |
|
UK Pound |
1 |
Rs. 81.49 |
|
Euro |
1 |
Rs. 58.49 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
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
|
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 |
|