MIRA
INFORM REPORT
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Report Date : |
01.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
SANATAN AUTOPLAST PRIVATE LIMITED |
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Registered Office : |
11/57, Geeta Colony, |
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Country : |
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Financials (as on) : |
31.03.2007 (Sanatan Machine Tools – Proprietory Concern) |
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Date of Incorporation : |
20.06.2007 |
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Com. Reg. No.: |
55-164951 |
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CIN No.: [Company
Identification No.] |
U25209DL2007PTC164951 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
RTKS11924D |
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PAN No.: [Permanent
Account No.] |
AALCS1036Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Importer of Air Conditioner Parts and Automobile
Parts. |
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 18000 |
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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 successor to Sanatan Machine Tools, a proprietory concern
established in year 1982. Trade relations are fair. Payments are usually correct and as per
commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. D. K. Yadav |
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Designation : |
Accounts Manager |
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Date : |
24.07.2008 |
LOCATIONS
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Registered Office : |
11/57, Geeta Colony, |
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E-Mail : |
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Website : |
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Factory : |
Plot No.61/8, Industrial Area, N I T |
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Tel. No.: |
91-129-4025750/ 4024751 |
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Fax No.: |
91-129-2232516/ 4025831 |
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E-Mail : |
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Website : |
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Area : |
1000 sq. ft. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. Laxmandas Kukreja |
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Designation : |
Director |
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Address : |
2 M-24-BP NIT Faridabad – 121001, |
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Date of Birth/Age : |
13.05.1952 |
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Qualification : |
HSC |
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Name : |
Mr. Anil Kukreja |
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Designation : |
Director |
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Address : |
2 M-24-BP NIT Faridabad – 121001, |
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Date of Birth/Age : |
12.08.1981 |
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Qualification : |
MBA |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 30.09.2005)
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Names of Shareholders |
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No. of Shares |
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Mr. Laxmandas Kukreja |
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5000 |
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Mr. Anil Kukreja |
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5000 |
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Total |
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10000 |
(As on 07.05.2008)
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Names of Allottee |
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No. of Shares |
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Mr. Laxman Dass Kukreja |
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50000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Importer of Air Conditioner Parts and Automobile
Parts. |
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Products : |
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Imports : |
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Products : |
Machinery |
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Countries : |
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Terms : |
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Selling : |
Credit (60-90 days) |
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Purchasing : |
Credit (60-90 days) |
GENERAL
INFORMATION
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Customers : |
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Suppliers : |
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No. of Employees : |
22 |
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Bankers : |
Bank of |
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Banking
Relations : |
Satisfactory |
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Auditors : |
Rajan Chhabra and Company Chartered Accountant |
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Associates/Subsidiaries : |
Consult Technic
India Private Limited (Manufacturer and Importer of Air Conditioner Parts and Automobile Parts) |
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 |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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Not Available |
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FINANCIAL DATA
[all figures are in Rupees Millions]
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Capital Investment : |
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Owned : |
Rs.3.619 Millions (Proprietory
Concern) |
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Borrowed : |
- |
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Total : |
Rs.3.619 Millions (Proprietory Concern) |
(SANATAN
MACHINE TOOLS – PROPRIETORY CONCERN)
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital of Mr. Laxman Kukreja (Proprietor) |
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3.619 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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3.619 |
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LOAN FUNDS |
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1] Secured Loans |
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6.270 |
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2] Unsecured Loans |
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0.324 |
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TOTAL BORROWING |
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6.594 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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10.213 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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7.196 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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0.000 |
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Cash & Bank Balances |
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0.000 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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10.845 |
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Total
Current Assets |
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10.845 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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7.828 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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7.828 |
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Net Current Assets |
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3.017 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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10.213 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
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Sales Turnover |
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43.888 |
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Other Income |
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0.632 |
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Total Income |
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44.520 |
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Profit/(Loss) Before Tax |
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1.395 |
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Provision for Taxation |
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0.000 |
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Profit/(Loss) After Tax |
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1.395 |
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Expenditures : |
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Cost of Goods Sold |
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23.860 |
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Payment to Auditors |
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0.015 |
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Interest |
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0.602 |
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Insurance Expenses |
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0.134 |
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Depreciation & Amortization |
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2.329 |
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Other Expenditure |
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16.185 |
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Total Expenditure |
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43.125 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
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PAT / Total Income |
(%) |
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3.13 |
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Net Profit Margin (PBT/Sales) |
(%) |
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3.18 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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13.89 |
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Return on Investment (ROI) (PBT/Networth) |
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0.39 |
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Debt Equity Ratio (Total Liability/Networth) |
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3.99 |
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Current Ratio (Current Asset/Current Liability) |
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1.39 |
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART
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Parameters |
Details |
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Existence Verification |
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Name |
Sanatan Autoplast Private Limited |
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Statutory
Approvals |
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Legal Status of Firm |
AALCS1036Q |
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Excise Registration |
06481304244 |
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Name of Bank |
Bank of |
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Current Account Number |
670320110000157 |
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Account Since |
1982 |
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Credibility
Factors |
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IndiaMART Client Since |
4 years |
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Years of Establishment |
1982 |
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Standards &
Certifications |
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Quality Management Systems |
ISO 9001: 2000 (Dt. 2000) |
Trade Reference:
- Subros Limited, Noida
- Shivani Lux Private Limited,
- Hilax India Private Limited, Manesar
Website Details
Profile:
Incorporated in the year 1982, They - Sanatan Machine Tools are engaged in manufacturing, supplying and exporting plastic moulded components and plastic moulded automotive parts. Over the years, they have established in the global market and at present, they are one of the most reliable names in the industry. Being an honest and dedicated company, they intent to reach new heights by manufacturing best quality products.
In the course of production, they consistently receive
guidance and directions from Mr. L.D Kukreja. His vision coupled with
technological enhancements and dedicated workforce has enabled us to keep at
par with the industry demands. Optimizing on their entire advanced production
unit, they assure that every product that rolls out of their manufacturing unit
has attributes of modern technology, simplicity and in-built toughness. Adding
to their expertise, they have their own sister concern 'Consult Techniques'
which holds respectable product volumes (What Kind Of Product) and serve in the
best manner to its clients.
Meeting with the Client's Requirements:
Client satisfaction is their priority and they give their
best efforts in maintaining their priority at all fronts. All the products that
they manufacture are custom made. These are made as per the specifications and
requirements they receive from clients.
Quality Assurance:
Quality Policy: “To achieve customer delight by
manufacturing products as per customer specification and on - time delivery of
good quality products at competitive price through continuous improvement at
all levels”.
They have a separate division for quality inspection wherein they have all the
facilities, which are required for successful quality assessment. All the
products that they manufacture undergo stringent test and checks in order
determine their quality. While testing, various parameters like design, size,
performance and others are taken into consideration.
Each test takes place under the strict vigilance of their supervisors and
quality checking inspectors. All the tests are conducted using advanced testing
equipment and modern testing measures that help in testing the products. They
assure every component is thoroughly inspected in order to make them achieve
their goal of total product management (TPM).
Team and Management:
Supported by a team of expert personnel and their quality
awareness, they are able to meet with all the specific demands of the client.
Toiling hard in their unit, their team members are focused regarding their job
and have made breakthroughs in efficient product design and development. They pool
of engineers and technocrats work in close co-ordination with their clients and
offer products that meet the specific requirement.
Other than these personnel, production managers, supervisors and quality
checking inspectors and specialized professionals for designing assist them.
For other processes, they have logistics and transportation personnel, sales
and marketing managers, warehouse managers and skilled workmen. Their team
members enable them to manufacture products not only as per industry standards
but /also at the same time as per what their client's specifications
Facilities Possess:
They boast of a modern infrastructure, which is well
equipped with sophisticated machines, so they continuously upgrade their
machines to maintain their efficiency. Following are some of the facilities
they have:
·
Machine Shop:
Their machine shop is equipped with a battery of injection
molding machines and other modern machines. These machines are continually
updated to the best technology to maintain their efficiency.
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Tool Room:
The tool room is used to make molds, which offers higher
level of accuracy to their components. Their tool room has modern machines and
vertical machining centers.
·
Design:
Domain Expertise
Leveraging upon their technological expertise and
streamlined facilities, they have been able to meet with all the demands of the
clients. Their sophisticated facilities have enabled them keeping pace with the
ever-changing demands of the market. With their consistent service and on-time
delivery, they strive to maintain their goodwill that we have achieved so far.
Today, they are more focused on:
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Client satisfaction
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Following ethical business standards
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Technological up gradation of their processes
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Healthy Competitiveness
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 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
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.49 |
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1 |
Rs.84.21 |
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Euro |
1 |
Rs.66.33 |
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 |
|
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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