MIRA
INFORM REPORT
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Report Date : |
29.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
LAMBA MACHINE TOOLS |
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Registered Office : |
Plot No. 653, Adjoining Tata Tower, Main Rohtak Road, Mundka, New
Delhi – 110041 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1978 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Sheet Metal Machines |
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 8000 |
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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 satisfactory 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 : |
Plot No. 653, Adjoining Tata Tower, Main Rohtak Road, Mundka, New
Delhi – 110041, Delhi, India |
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Tel. No.: |
91-11-28342532/28342533 |
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Fax No.: |
91-11-28342532/28342533 |
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E-Mail : |
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Website : |
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Area : |
5000 sq. ft. |
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Location : |
Owned |
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SOLE PROPRIETOR
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Name : |
Mr. Gurnam Singh Lamba |
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Designation : |
Proprietor |
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Date of Birth/Age : |
55 years |
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Qualification : |
Matriculation |
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Experience : |
30 years |
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KEY EXECUTIVES
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Name : |
Mr. Harpreet Singh Lamba |
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Designation : |
CEO |
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Mobile: |
91-9911186888 |
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BUSINESS DETAILS
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Line of Business : |
Manufacturer of Sheet Metal Machines |
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Products : |
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Exports : |
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Products : |
Domestic Market |
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Countries : |
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Imports : |
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Products : |
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Terms : |
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Selling : |
Credit (30-60 days) |
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Purchasing : |
Credit (30-45 days), CAD |
GENERAL
INFORMATION
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No. of Employees : |
25 |
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Bankers : |
Vijaya Bank, New Delhi |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
R. K Aroa and Company Chartered Accountants |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.2.000 Millions |
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Borrowed : |
- |
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Total : |
Rs.2.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
PROFIT & LOSS
ACCOUNT
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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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17.500 |
15.000 |
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Other Income |
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0.000 |
0.000 |
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Total Income |
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17.500 |
15.000 |
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Profit/(Loss) Before Tax |
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0.650 |
0.525 |
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Provision for Taxation |
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0.075 |
0.050 |
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Profit/(Loss) After Tax |
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0.575 |
0.475 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
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PAT / Total Income |
(%) |
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3.29 |
3.17 |
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Net Profit Margin (PBT/Sales) |
(%) |
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3.71 |
3.50 |
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Return on Investment (ROI) (PBT/Networth) |
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28.75 |
33.33 |
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LOCAL AGENCY
FURTHER INFORMATION
Website details:
With a vast experience of almost 30 years, we, at subject have proved ourselves as
an undisputed leader in providing premium quality sheet metal machines to cater
to the varied requirements of various industries. Established in 1978,
they are a highly reputed manufacturer,
supplier and exporter of such high quality sheet metal working
machines like Rolling Key Clutch Power
Press, Gap Frame Power Press, Single Point Power Press, Cross Shaft
Power Press, Undercrank Guillotine Shears, Mechanical Press Brakes, etc.
These sophisticated machines find wide application in various lines of automobile
and catenary industries.
With high quality as their benchmark, they have always
striven to provide the best range of products at affordable price and delivered
them exactly on time. Their motto is customer satisfaction and therefore, they
undertake consistent improvisation in their product range and provide them more
user friendly products. They have a vast client base in South India and
their products are exported on a daily basis throughout the world.
Product Range
Committed to provide only the best to their customers, they at subject have
engaged ourselves as premier manufacturer, supplier and exporter of the
following sheet metal working machines:
- Rolling Key Clutch Power Press (20-100
tonnes capacity)
- Gap Frame Power Press (16-250 tonnes capacity)
- Single Point Power Press (110-250 tonnes
capacity)
- Cross Shaft Power Press (25-250 tonnes
capacity)
- Undercrank Guillotine Shears
- Overcrank Guillotine Shears
- Mechanical Press Brakes.
Quality Assurance
Wit a commitment to give the best to its customers, Lamba
Machine Tools makes no compromise as far as quality is concerned. Meticulous
quality checking is done to make sure that all the products are as per
international quality standards. Raw materials like iron, bearings, castings,
etc. are procured from highly reliable vendors and tested again and again for
their overall condition. The entire quality checking process is manned by a
team of efficient quality controllers who keep a vigilant eye upon the fine
nuances of every machine, thereby invalidating any kind of quality degradation.
Infrastructure
Infrastructure is the key feature of subject that facilitates an efficacious
working of the entire production process. They house some of the best and
cutting edge machines like Lathe Machines, Shapers, Radial Drills, Boring
Machines, Planer Machines, and many other such machines that aid in smooth and
faster flow of production. They also possess an excellent team of engineers and
technocrats that helps in providing new dimensions to our products, making them
more user friendly to their customers. The working condition is extremely
hygienic that helps their workers in delivering the best. Their superior
warehousing facility has been the backbone of their company, having all the
requirements to hold bulk of goods in order to meet the market demand under any
circumstance.
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.39.68 |
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UK Pound |
1 |
Rs.82.11 |
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Euro |
1 |
Rs.58.81 |
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 |
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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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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