MIRA
INFORM REPORT
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Report Date : |
16.10.2007 |
IDENTIFICATION DETAILS
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Name : |
N K INDUSTRIES |
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Registered Office : |
Plot No. 1521, Phase – III, GIDC Estate, Vatva, Ahmedabad – 382 445, |
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Country : |
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Financial (as on) : |
31.03.2007 |
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Date of Incorporation : |
1985 |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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Line of Business : |
The concern is engaged in the business of Manufacturer & Saleer of
Pharmaceuticals Machinery & Spares – Injectable Filling Machinery, Dry
Syrup Filling Machines, Liquid Filling Machinery, Vial Cap Sealing Machine,
Wet Glue labelling Machine, etc. |
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 40000 |
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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 concern having satisfactory track. Trade relations are fair.
General financial position is satisfactory. Payment 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/ Administrative Office /
Godown: |
Plot No. 1521,
Phase – III, GIDC Estate, Vatva, Ahmedabad – 382 445, |
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Tel. No.: |
91-79-25834979/
25895909 |
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Fax No.: |
91-79-25834979/
25895909 |
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Mobile No. : |
91-9824072738 |
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E-Mail : |
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Website : |
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Area : |
1200 sq. ft. |
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Location : |
Leased |
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Factory: |
Plot No. 1521,
Phase – III, GIDC Estate, Vatva, Ahmedabad – 382 445, |
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Area : |
50000 sq. ft. |
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Location : |
Leased |
PARTNERS
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Name : |
Mr. Kirti Mewara |
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Designation : |
Chief Executive
Officer |
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Name : |
Mr. Kalidas
Mewara (Mistry) |
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Designation : |
Partners |
BUSINESS DETAILS
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Line of Business : |
The concern is engaged in the business of Manufacturer & Saleer of
Pharmaceuticals Machinery & Spares – Injectable Filling Machinery, Dry
Syrup Filling Machines, Liquid Filling Machinery, Vial Cap Sealing Machine,
Wet Glue labelling Machine, etc. |
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Products : |
v
Washing Machine v
Filling Machines v
Cap Sealing Machines v
Labeling Machines v
Others |
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Export : |
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Countries : |
v
v
v
v
v
v
v
v
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Import : |
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Countries: |
v
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Terms : |
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Selling : |
L/C, Cash and Credit (60 Days) |
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Purchasing : |
Cash and Credit (30 Days) |
GENERAL INFORMATION
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Customers : |
Export Markets
and Local Manufacturing Units in |
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No. of Employees : |
10 |
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Bankers : |
v
Bank
of v
GIDC
Branch v
Vatva v
Ahmedabad v
Axis
Bank |
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
NA |
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Borrowed : |
NA |
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Total : |
NA |
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 |
7.500 |
Expected Sales (2007-08) : Rs. 8.500 Millions
LOCAL AGENCY FURTHER INFORMATION
Salient Features :
·
Suitable for Overlab Labeling & Flag Type Labeling
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"NO CONTAINER - NO LABEL" - An Electrical
Sensing Device avoids Wastage of Labels
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Special SELF-ALIGNING Bearings ensure Smooth and Life Time
Trouble Free Rotation of the Parts
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An In-Built Mechanical Digital Counter provides continuous
information of the Total Number of Containers Labeled
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Minimum change over time required from one size to another
Techanical Details :
Production Rate
: 50 To 150 Round Bottles Containers / Containers Per Min.
Power Specifications
: 1.5 HP, 440 Volts, 3 Phase, 4 Wire System & 50 Hz
Net Weight
: 580 Kgs.
Gross Weight
: 1100 Kgs.
Overall Dimensions
: 3000 mm (L) X 1061 mm (W) X 840 mm (H)
Input Specifications :
Round Container Diameter
: 16 mm To 70 mm
(In Special Machine Maximum : 90 mm)
Label
: Length - 20 mm To 130 mm
Width - 16 mm To 90 mm
(In Special Machine Max. Label Length Up to 160 mm)
Salient Features :
[Bottle Washing System]
- Four inner and one outer wash.
- Sequence of washes to customer's choice.
- Suitable to wash 5ml to 500ml bottles.
- Variable speed drive.
- Output: 64 to 100 bottles per minute.
- Easy operation.
- Stationary nozzles eliminate contamination of water cycles.
- Easy loading and unloading with two rows.
- Meets GMP and FDA norms.
Techanical
Detail :
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Max. dia.
of bottle |
: 85 mm. |
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Output /
minute |
: 100
bottles |
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No. of
pumps |
: 2 |
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Type of
pumps |
:
Centrifugal (3/4") |
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Motor |
: 1 HP/3000
RPM/440V |
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S.S. tanks |
: 2 nos. 75
litres each |
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Main drive |
: 1 HP / 3
phase |
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Electrical
load |
: 5 KW |
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Overall
dimensions (mm) |
: 1700
Lx1900 Wx1300 H |
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Net weight |
: 650 Kg. |
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Gross
weight |
: 1050 Kg. |
Applications :
- Pharmaceutical
- Food Industries
- Beverage
Distilleries
Turn table:
Salient Features :
·
All
exposed parts of S. S. or Aluminium to avoid any rusting.
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Reduction
Gear ensures jerk free and Noiseless performance.
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Square
Frame imparts Vibration free performance and allows absolute cleanliness even
inside.
Techanical Details :
Power Characteristics
: 440 Volts, 3
Phase (4 Wire System), 50 Cycles/Sec.
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. 39.31 |
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1 |
Rs. 80.19 |
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Euro |
1 |
Rs. 55.86 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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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 |
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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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
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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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