MIRA
INFORM REPORT
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Report Date : |
08.10.2007 |
IDENTIFICATION DETAILS
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Name : |
TOLIA – AIRMAC COMPRESSOR PRIVATE LIMITED |
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Registered Office : |
C – 1, 289 / 2, Phase – 11, GIDC, Wadhwan – 363030, |
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Country : |
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Date of Incorporation : |
22.06.2007 |
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Com. Reg. No.: |
051182 |
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CIN No.: [Company
Identification No.] |
U29306GJ2007PTC051182 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer, Exporter and Suppliers of Piston Type Air Pumps &
Compressors, Screw Compressors (Oil Injected), Oil-Free
Screw Compressors, Compressed Air Dryers , Compressed
Air Filters, Compressed Air Receivers, Screw
Type Gas Compressor Sets, Low Pressure Roots-type Blower Sets , Compressed
Air Systems and Other Products |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Maximum Credit Limit : |
-- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Directors are reported as experienced and resourceful businessmen. Subject is a new company. It has yet to established it’s track. No
payments records are available. Initially the company can be considered for any business dealings on
safe and secured trade terms and conditions. |
LOCATIONS
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Registered Office/Factory : |
C – 1, 289 / 2, Phase – 11, GIDC, Wadhwan – 363030, |
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Tel. No.: |
91-2752 – 237227 |
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Mobile No.: |
91-9825224227 |
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Fax No.: |
91-2752-224961 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Administrative Office : |
Tolia House, 1st Floor, Near Vandana Restaurants, |
DIRECTORS
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Name : |
Mr. Vipin V. Tolia |
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Designation : |
Director |
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Date of Birth/Age : |
41 years |
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Qualification : |
Graduate |
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Experience : |
15 years |
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Name : |
Mrs. Preeti. N. Tolia |
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Designation : |
Director |
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Date of Birth/Age : |
38 years |
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Name : |
Mrs. Sonal A. Tolia |
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Designation : |
Director |
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Date of Birth/Age : |
42 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Suppliers of Piston Type Air Pumps &
Compressors, Screw Compressors (Oil Injected), Oil-Free
Screw Compressors, Compressed Air Dryers , Compressed
Air Filters, Compressed Air Receivers, Screw
Type Gas Compressor Sets, Low Pressure Roots-type Blower Sets , Compressed
Air Systems and Other Products |
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Exports : |
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Products : |
All Products |
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Countries : |
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Terms : |
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Selling : |
50% Advance and |
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Purchasing : |
Credit (60 days and 90 days) |
GENERAL INFORMATION
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No. of Employees : |
3 |
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Bankers : |
Axis Bank Surendranagar Branch |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Mr. K.C. Parikh and Associates Chartered Accountants |
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Address : |
Surendranagar |
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Sister Concerns : |
³
Marconi Engeering Works Mumbai Office: 2-C, Pranaynagar, 2nd Floor,
Ram mandir Road, Bh Saraswati School, Vazir Naka, Borivali (W), Mumbai - 400
092 (Maharashtra) INDIA. Factory: 51/A, Jitan Udhyognagar, P.B.
No.33, Surendranagar - 363 002. (Guajrat) Activity: Manufacturing of Engineering products ³
Precicomp Mumbai Office: 2-C, Pranaynagar, 2nd Floor,
Ram mandir Road, Bh Saraswati School, Vazir Naka, Borivali (W), Mumbai - 400
092 (Maharashtra) India Factory:
51/A, Jitan Udhyognagar, P.B. No.33, Surendranagar - 363 002.
(Guajrat) Activity: Manufacturing of Engineering Products ³
Tolia International Tolia House, 1st Floor, Near Vandana Restaurant, Tel No.: 91-2752-237227 Fax No.: 91-2752-224961 Activity: Trading and Exports of Engineering Products ³
Vidhi Bulk Drugs Registered Office: Tolia Industrial Estate, Shed No. 1 and 2, GIDC,
Estate, Tel No.: 91-2752-224227 / 237227 Fax No.: 91-2752-224961 E-Mail: mail@tloiaindia.com Website: Toliaindia.com Mumbai Office: 204, C – Wing, Pranay Nagar, Ram Mandir Road, Behind
Saraswati School, Vazira Naka, Borivali (West), Mumbia – 400092 Tel No.: 91-22-56905575 / 55722196 Fax No.: 91-22-28991824 E-Mail: atolia1@vsnl.com Activity: trading of Bulk Drugs, Ayurvedic Raw Materials,
Pharmaceutical Raw API Bulk Drugs, Unani Medicines. |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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20000 |
Equity Shares |
Rs.10/- each |
Rs.0.200 million |
Issued, Subscribed & Paid-up Capital :
Not Available
FINANCIAL DATA
[all figures are
in Rupees Millions]
No financial are available since the subject
is a new company
LOCAL AGENCY FURTHER INFORMATION
Trade References:
³
Ohlias Airmac Israel Compressors,
As per Web Details
Company Profile:
Quality
and customer care are the cornerstones of their philosophy. The Company
believes that they can explore the realm of success by sharpening their
technical expertise through continual improvement of their products &
services. They are a professionally managed company ever since their
establishment in the year 1976, which understands the changing market dynamics
in a better way and successfully, provides the ultimate solution to the ever
changing demands of today's rapidly changing market. Enriched with in-depth
industry knowledge and extensive experience in the design and development of
varied industrial compressors and allied products, they are, today a highly
respected manufacturer, exporter and supplier in
their arena. They offer a premium range of products which includes Piston
Type Air Pumps & Compressors, Screw Compressors, Oil-Free Screw Compressors,
Compressed Air Dryers, Compressed Air Filters, Compressed Air Receivers, Screw
Type Gas Compressor Sets, etc.
The
company accepts the challenges of cutting edge technology and manufactures the
aforesaid products adhering to international quality standards. The products
are of superior grade, offer enhanced performance, require less maintenance and
above all are available at the most competitive prices. As a result of such
unique products and their extraordinarily reliable services, they are an acclaimed
firm not only in the country but in the international market as well.
The
company also manufactures customized products as per the specific requirements
of their clients. They recognize the importance of valuing diversity and also
concentrate upon expanding their business operations in the near future to
explore new horizons.
Their Quality
Company
is a quality driven company, which believes that success of any business entity
and customer satisfaction are inextricably linked. For them, quality is a way
of life and the key to success. To ensure that all their products meet the
highest quality standards and thus cater to the exact requirements of their
valued customers, they follow a stringent quality control policy at all levels
in their company.
Raw materials
are tested at the very initial stage of the production process, and starting
from it, a series of checking and rechecking is performed at every stage. These
quality testing operations end only after the final delivery of the finished
products. In addition, they are equally well known in the industry for aptly
delivering the products, within the stipulated time period.
Their Infrastructure
A
strong base is an ultimate necessity for any organization, which craves for
stability, growth and excellence in its operations. At Tolia-Airmac Compressor
Pvt. Ltd., a robust infrastructural base is their most valuable asset. After
years of hard work and continuous investment, they have built up world class
facilities for ourselves within their factory premises.
The
manufacturing unit, for example, is a highly sophisticated one, housing all the
state of the art machinery. In addition, there are in-house facilities for
quality control as well as for research and development. Multiplying the strength
of this infrastructure, they have a highly efficient workforce having rich
industry experience. A perfect combination of both, man and machine, empowers
them and gears them up to excel in the industry.
Tolia Group
Profile:
The company was established since 1976 by dynamic young tolia brothers (Naresh Tolia and Vipul Tolia). They are one of the prominent manufacturers and exporters of various types of piston rings, valve plate and bulk drugs.
The company has an efficient and non-polluted plant situated
at Udhyognagar, industrial area of Surendranagar (Gujarat),
They went into expansion in 1994 by introducing valve plate,
spring plate and cushion plate and reed under its sister concern 'Precicomp
'Vidhi Bulk Drugs' is another achievement of Tolia Group. Under this name they have been dealing with many national and multinational pharmaceuticals companies.
The company has an efficient organisation comprising a team of professionals and technocrates that has established the product to fulfill to O.E.M for Air gas and Ammonia compressor manufacturers. Company's skilled and dedicated managers, genious executives work in all areas of management. With the team efforts, involvement and dedication, the product could reach various satisfied users all over world. Their client's list reflects their Quality policy and management.
They have their own moulding department and hence they are
able to give perfect specification in chemicals and irons composition which are
used for manufacturing piston rings as per their clients drawing, dimension and
requirement.
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.39.49 |
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1 |
Rs.80.41 |
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Euro |
1 |
Rs.55.76 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
1 |
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OPERATING SCALE |
1~10 |
1 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
1 |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
1 |
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--RESERVES |
1~10 |
1 |
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--CREDIT LINES |
1~10 |
1 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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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9 |
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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