MIRA
INFORM REPORT
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Report Date : |
14.09.2007 |
IDENTIFICATION DETAILS
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Name : |
ATLAS – CRANE PRIVATE LIMITED |
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Registered Office : |
40, |
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Country : |
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Date of Incorporation : |
04.01.2007 |
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Com. Reg. No.: |
61955 |
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CIN No.: [Company
Identification No.] |
U29244TN2007PTC061955 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of EOT Cranes, Gantry Cranes, Jib Cranes, Hoists Goods
List and Material Handling Equipments. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and in the process of establishing itself.
Company has been successful to obtaining some loans from its banker. Trade relations
are fair. Payments are reported as slow but correct. The company can be considered for small to mediocre business dealings
with slight caution, initially. |
LOCATIONS
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Registered Office/Factory : |
40, |
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Tel. No.: |
91-44-32919997 / 32919998 / 32519997 / 26810653 |
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E-Mail : |
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Website : |
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Area : |
10000 sq.fts |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. A .M. Mahalingam |
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Designation : |
Director |
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Name : |
Mr. Ganesh Babu |
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Designation : |
Director |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of EOT Cranes, Gantry Cranes, Jib Cranes, Hoists Goods
List and Material Handling Equipments. |
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Products : |
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Hot cranes ·
Gantry Cranes ·
Jib cranes ·
Hoists ·
Goods lift · And material handling equipments. |
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Exports : |
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Countries : |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL INFORMATION
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Customers : |
Industrialists |
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No. of Employees : |
50 |
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Bankers : |
Bank of Address: Mylatore Branch, Chennai |
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Facilities : |
C/C - Rs. 0.900 million |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
Paid up Capital: NA
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
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Sales Turnover |
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1.500 |
Expected Sales (2007-08) : Rs.20.000 millions
LOCAL AGENCY FURTHER INFORMATION
WEBSITE DETAILS:
Company Profile
Subject is one of the leading brands amongst the crane manufacturers in
Chennai. With more than 35 years of expertise in the field of cranes and
material handling equipment with proven designs to all standards.
Their products are manufactured literally by the most advanced technologies of
the world under a strict quality control system that ensures the quality of
each and every individual product by them and also their management efficiency
Infrastructure
Their infrastructure is fully equipped with in-house floor
testing facilities upto 25 tonnes. Along with this their highly qualified
personnel and team of experts is an asset for them to compete in the
international market.
Product range
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Hot cranes
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Jib cranes
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Hoists
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Goods lift
· And material handling equipments.
They at hi-tech also undertake modernization, capacity enhancing, retrofitting with micro speed by planetary gear drive arrangement, anti-collision arrangement, remote control operation and servicing of cranes, winch hoists and gear boxes
International competence, advanced technologies and customer
satisfaction the pillars of hi-tech material handling engineers.
Herewith, they take
this opporunity to introduce their selves. they are one of the leading crane
manufactures in chennai., with more than 18 years standing. They are having
their office at heart of the city and their factory is at thirumazhisai.
They are having more
than 4 decades of expertise in the field of cranes and material handling
equipment with proven designs to all standards.
They are having experience
in manufacturing 150t hoist and 2 x 250teot crane tandem operated for Punjab
state electricity board, 10t capacity man riding winch for jaduguda mines and
30t direct pull winch for m/s. salgocar as works manager for m/s greaves ltd.,
(thapar group).
They also undertake,
capacity enhancing, retrofitting with micro speed by planetary gear drive
arrangement (at isro and southern railway). Anti - collision arrangement,
remote control operation and servicing of cranes, winches, hoists, gearboxes,
etc.
they have exported
to south America one no 7.5 t and 5t double crab tandem operated eot crane,
tested at i.i.t. in 50 cycles and 2t eot crane for Sri Lanka. They have also
manufactured and supplied 40t capacity, 4 x 10ton tandem operated crane to m/s.
the Hindu, e-nadu, and
They have supplied
40t cap., gantry crane of 21 m height of lift for m/s. Triway container frieght
station private. ltd., and 6 nos x 30t/10t and 20t/10t cap., eot crane of 12 m
+ 1m height of lift for m/s
They have
designed, manufactured, supplied, erected and commissioned:
Special material
handling equipments for urethanes India ltd. (chemplast sanmar group) - drum
grabber, drum tilter and overhead runway mechanism.
Hydro electric
project gate lifting mechanism 25 t capacity, with hand cranking mechanism for
Kerala state electricity board.
Goods lift of
various capacities, monorail track systems and special hangers with trolleys to
various customers.
They can also manufacture and supply capstan, skip hoist, telpher and stacker
cranes, and winches with rope guide mechanism for multi layer over winding.
Their business
network is in all the southern states - Kerala, Andhra Pradesh, Karnataka and
Tamil Nadu. The marketing set up is well support by their service team.
TRADE REFERENCE:
1
Triway Container Station Private. Limited. , Chennai
2. Alif Granites Private .Limited, Palamaniar
3. Gem Granites Private.
Limited, Injambakkam
4. Aryan Granites and Mounments (P) Limited., Maduranthakam
5. Stone Wonders (
6.. Imperial Granites Private. Limited., Nagari
7.
8. Enadu, Hydrabad
9. The Hindu, Chennai
10. Batliboi Limited,
11. Suzlon Energy Limited,
12. Bharat Fritz Werner Limited. Hosur
13.. Elgi Electric and Industries Limited,
14. Mahaveer Safety Glass Co. P. Limited., Irungattukotai
15. Ashi
16. Inox Air Products Limited.,
17. Khivraj Automobiles Limited.,
Chennai
18. DM Wall System Co. Private .
Limited., Irungattukotai
19. Taurus Leather Private Limited., Ranipet
20. Sundaram Clayton Thro Subramaniam
and Co., Chennai
21.. G.K.K. Exports Private . Limited., Chennai
22. Tagros Chemical
23. Noveon Diamal Private . Limited.,
(MEPZ), Chennai
24. BARC, Kalpakkam
25. Visteon Automotive
26. Greaves Limited, Gummidipoondi
27. CHWSSB. (Redhills), Thro
28. Malampuzha Hydro Electric Project,
KSEB-Palghat
29. . Department of Atomic Energy, IGCAR, Kalpakkam
30. . Department of Atomic Energy, MAPS, Kalpakkam
31. T.V.S. Sundaram Industries, Chennai
32. . Rane Brake Lining Limited., Hosor
33. . NEPC – MICON Limited., Chennai
34. . Ennore Foundries Limited., Chennai
35. . Murudeshwar Ceramics Limited.,
36. . Indo Tech Electric Company, Chennai
37. Sri Raganathar Industries,
38. Parry Engineering and Exports
Limited., Chennai
39. The Department of Posts and
Telegraphs, Chennai
40. India Pistons Limited(Chennai) Thro
M/s. Greeves Cottons co.
41. Lucas TVS Limited., Chennai
42. Chemplast Limited., Cuddalore
43. Kerry Jost Engineering, Chennai
44 M/s. IRCON
Limited.,
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 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.40.44 |
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1 |
Rs.82.01 |
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Euro |
1 |
Rs.56.20 |
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 |
2 |
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OPERATING SCALE |
1~10 |
-- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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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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17 |
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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