MIRA
INFORM REPORT
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Report Date : |
02.10.2007 |
IDENTIFICATION DETAILS
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Name : |
SANMATI PRESSING PRIVATE LIMITED |
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Formerly Known As : |
SANMATI SINTERED METAL AND ALLOYS PRIVATE LIMITED |
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Registered Office : |
J -9, MIDC, Bhosari, Pune - 411 026, |
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Country : |
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Date of Incorporation : |
20.02.1976 |
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Com. Reg. No.: |
18830 |
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CIN No.: [Company
Identification No.] |
U28999MH1976PTC018830 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNES14415C |
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PAN No.: [Permanent
Account No.] |
AADCS0375A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Automobile Precision components and Assemblies, CNC
machining, Pressed components, Auto Press Parts, Precision Turned parts,
Reinforcement, Jig Boaring machine, Hardness tester, Cupping Tester, Salt
Spray tester, Assembly Auxilliary Tank Part, Fiat Palio spare parts, Gusset. |
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 : |
---- |
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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 company having satisfactory
track. Directors are reported as experienced and respectable businessmen.
Trade relations are reported as fair. Business is active. Payments are
usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. Management parted with general information but declined to part with
detailed financials. |
LOCATIONS
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Registered Office/Factory : |
J -9, MIDC, Bhosari, Pune - 411 026, |
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Tel. No.: |
91-20-27121501 / 66111379 |
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Mobile No: |
91-9890310314 / 9890310245 |
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Fax No.: |
91-20-66111379 |
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E-Mail : |
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Website : |
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Area : |
5000 sq.fts |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. L D Ganage |
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Designation : |
Director |
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Address : |
44 years |
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Date of Birth/Age : |
Graduate |
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Name : |
Mrs N L Ganage |
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Designation : |
Director |
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Date of Birth/Age : |
40 years |
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Name : |
Mr. Vasudev Patil |
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Designation : |
Managing director |
KEY EXECUTIVES
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Name : |
Mr. Krishna Kadam |
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Designation : |
Assistant General Manager |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Automobile Precision components and Assemblies, CNC
machining, Pressed components, Auto Press Parts, Precision Turned parts,
Reinforcement, Jig Boaring machine, Hardness tester, Cupping Tester, Salt
Spray tester, Assembly Auxilliary Tank Part, Fiat Palio spare parts, Gusset. |
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Products: |
· Automobile precision components and assemblies · CNC machining |
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Agencies Held : |
· Ispat Industries Limited · Local |
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Terms : |
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Selling : |
Credit (30 Days) |
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Purchasing : |
Credit (30 Days) |
GENERAL INFORMATION
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Customers : |
Manufacturer |
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No. of Employees : |
70 |
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Bankers : |
·
Bank of Address: Pimpri Branch · The Saraswat Co-operative Bank Limited Address: Pimpri Branch |
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Facilities : |
C/C – Rs. 17.500 millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Deshmukh and Company Chartered Accountants |
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Address : |
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Associates/Subsidiaries : |
Auto Press Engineering Private Limited Address: J -319, MIDC,
Bhosari, Pune – 411 026, Activity: Manufacturer of
Automobile Precision components and Assemblies, CNC machining, Pressed
components, Auto Press Parts, Precision Turned parts, Reinforcement, Jig
Boaring machine, Hardness tester, Cupping Tester, Salt Spray tester, Assembly
Auxilliary Tank Part, Fiat Palio spare parts, Gusset |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity shares |
Rs.10/- each |
Rs.5.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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380000 |
Equity Shares |
Rs.10/- each |
Rs.3.800
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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150.000 |
120.000 |
Expected Sales (2007-08) : Rs. 250.000 millions
LOCAL AGENCY FURTHER INFORMATION
Note:
Company started as Sanmati Sintered Metal and Alloys Private Limited.
Since 1998 and name changed to Sanmati Pressing Private Limited from 1st
April 2007.
TRADE REFERENCE:
·
Tata Motors, (
· K.L.P Motors, Pune
WEBSITES DETAILS:
They are a name synonymous with unbeatable quality standards and customer satisfaction. In 1998, they started as manufacturers of automobile precision metal components and assemblies, CNC machining. At that time, they registered theirselves with the brand name of Rojee-Tasha stamping private limited and they changed their name to above later. Sanmati Sintered Metal and Alloys Private Limited is poised for yet unchartered territories of unmatched quality. Dynamism is the buzzword with them and this is reflected in the finish and international quality standard of their products.
Staff
Under the able stewardship of their company head, their staff strength has
risen to 35. To cater to the rising demands of their clients, their highly capable staff is forever eager
to accept the latest technical know-how. Already their staff is technology savvy and this adds to the
positive facets at their company, being appreciated by their esteemed clients. They are honored to
be among the leading brands of the country, a fact made possible by the
dedication and devotion of their team members.
Quality
An unbeatable international quality
is what defines their company, Sanmati Sintered Metal and Alloys Private
Limited. Possessing some of the best technical equipments, they strive TO BE
THE PERFECTIONIST in the techniques, to improve the quality of their products
like automobile precision metal
components and assemblies, CNC Machining. This in fact, gives an impetus
to the long held belief at their company that the needs of their customer have
to be given the highest priority. Some of the attributes of their international
standard products are unmatched elegance and excellent finish.
This is mission of their organization. They inspect the entire manufacturing process regularly. They have maintained a quality control team, who look after the quality process in their organization. Their products are of international quality standard. They check the quality of product at every stage, from procuring raw material to packing of the products. This in fact, gives an impetus to the long held belief at their company that the needs of their customer have to be given the highest priority. Some of the attributes of their international standard products are unmatched elegance and excellent finish.
Infrastructure
Well, nobody can beat them on that. They have now surpassed the definition of
excellence and are looking beyond that. It is this endeavor, that aids them in
the manufacture of a superior line of
industrial equipments. Yet not merely resting on the laurels of earlier
achievements, they go on adding new facets to the same. They are sure that with
these efforts there will be a definite growth
in the company's stature.
Sanmati Sintered Metal and Alloys Private Limited posses a
state-of-the-art industrial equipments. They have high tech machineries in
their production unit, which are efficient enough to produce high quality products
in high volume.
They have a sound physical infrastructure, where there are 5 production lines to produce best
products. Their avaerage production is
25 lakhs stocks, which increases to more than double in peak periods.
Their staff strength is 35, all
of them are highly professionals. They also have 25 engineers to take care of production of all components. To
cater to the rising demands of their clients, their highly capable staff is
forever eager to accept the latest technical knowhow. Already their staff is
technology savvy and this adds to the positive facets at their company, being
appreciated by their esteemed clients.
· Global standard quality products
· Competitive prices
· On time delivery
· Quality Control Team
· 5 highly qualified engineers
· High customer satisfaction
· High sales volume
· Monthly production capacity
Product range
There is always something to choose from their numerous quality products and these are sure to change the face of your ventures. As usual, the list includes the names of their products like
· Automobile precision components and assemblies
· CNC machining
They are a well known organization for their quality standards and customer satisfaction. Established in 1998, they are one of the leading manufacturers and exporters of automobile precision metal components and assemblies, CNC machining. In starting of their career they were in the market with their brand name Rojee-Tasha stamping private limited and afterwards they changed their name to above later. Sanmati Sintered Metal and Alloys Private Limited is poised for yet unchartered territories of unmatched quality. Dynamism is the buzzword with them and this is reflected in the finish and international quality standard of their products.
Apart from the above mentioned products, they specialize in manufacturing and exporting high quality custom made products.
Market
The company has many clients all over the world. They are trying to increase their customer relationship across world through this theyb presence. They export their products to any countries in the entire world.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.39.73 |
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1 |
Rs.81.37 |
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Euro |
1 |
Rs.56.63 |
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 |
NO |
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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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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/normal. |
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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