MIRA
INFORM REPORT
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Report Date : |
01.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
HALLMARK COMPRESSOR PRIVATE LIMITED |
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Registered Office : |
Plot No.1805, Phase III, Opposite Sunrise Packing, G.I.D.C, Vatva –
382 445 Gujarat, Ahmedabad |
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Country : |
India |
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Date of Incorporation : |
18.01.2007 |
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Com. Reg. No.: |
04-49807 |
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CIN No.: [Company
Identification No.] |
U29120GJ2007PTC049807 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AHMH02300E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter of Air
Compressor, Vacuum Pumps, Screw Air Compressor, Rotary Air Compressor, Piston
Compressors, Reciprocating Air Compressor. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and took over the running business of
Hallmark Compressor. Trade relations are reported as fair. Business is active.
Payments are reported as usually correct and as per commitments. The company can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Gurvinder Singh |
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Designation : |
Manager in Sale |
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Date : |
31.07.2008 |
LOCATIONS
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Registered Office/Factory : |
Plot No. 1805, Phase III, Opposite Sunrise Packing, G.I.D.C, Vatva,
Ahmedabad - 382 445, Gujarat, India |
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Tel. No.: |
91-79-25895118 / 25834445 |
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Mobile No.: |
91-91932706652 / 91992506561 / 9974565612 |
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Fax No.: |
91-79-25832627 |
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E-Mail : |
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Website : |
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Area : |
1200 sq. meter |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr .Nayan Gajjar |
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Designation : |
Directors |
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Date of Birth/Age : |
32 Years |
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Qualification : |
B.E. Engineering |
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Name : |
Mr. Nirav Gajjar |
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Designation : |
Director |
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Date of Birth/Age : |
31 Years |
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Qualification : |
B. Com |
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Name : |
Mr. Chandrakant Gajjar |
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Designation : |
Director |
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Date of Birth/Age : |
58 Years |
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Qualification : |
H.S.C. |
KEY EXECUTIVES
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Name : |
Mr. Gurvinder singh |
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Designation : |
Sales manager |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Air Compressor, Vacuum Pumps, Screw Air Compressor,
Rotary Air Compressor, Piston Compressors, Reciprocating Air Compressor. |
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Products : |
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Exports : |
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Products : |
All Products |
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Countries : |
U.K., U.S.A., Sri Lanka |
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Terms : |
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Selling : |
Cash, TT and Credit (15 Days) |
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Purchasing : |
Cash (less%), Credit (30 - 45
Days) |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
30 |
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Bankers : |
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Facilities : |
(c/c – Rs4.000 millions ) |
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Banking
Relations : |
Satisfactory |
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Auditor : |
Mr. Mallai Pandit (Chartered Accountant) |
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Memberships : |
Vatva Industrial Association |
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2008 |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
100.000 |
70.000 |
50.000 |
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference :
- Hawa Engineering – Rajkot
- Rotocare - Ahmedabad
WEBSITE DETAILS:
“Hallmark Compressor” have entrenched their selves as the leading trading company and manufacturer of Air compressor, Vacuum Pumps, Screw Air Compressor, Rotary Air compressor, Piston Compressors etc. They are totally committed to manufacture products of world class quality with advanced features by adopting innovation in designs and technology. They believe that quality is the defining issue and they have never compromised on quality. For that, they have adopted stringent quality control policy adhering to national as well as international quality standards. With their pro-active services, in-depth study of the market potential and requirements, prompt deliveries and impeccable quality products they have changed the dynamics of the industry and achieved maximum degree of customer satisfaction resulting in worldwide customer base.
Vision
“They aim to achieve excellence and perfection by manufacturing superior
quality products at affordable prices and improve quality on continuous basis
by implementing innovation in designs and manufacturing techniques.”
Products
The highly skilled engineers at Hallmark Compressors ensure that each product
is designed as per the specific requirements of the customers. Their skilled
mechanics assemble quality parts into the air compressors. The finished
products are re-checked rigorously by trained technicians to see that it is
operating perfectly before it leaves the plant. Finally the sales team utilizes
knowledge to ensure that customers receive the right products as per their
requirements. They have an undeviating commitment to customer satisfaction.
Their policies revolve around customer satisfaction and they strive to delight
the customers beyond there expectations.
Infrastructure
Their in-house manufacturing unit is equipped with
state-of-the-art machines. Their team comprises of experienced professionals
with decades of experience behind them. Their commitment for precision and
quality has fetched them accolades of their clients and established them as the
unmatched trading company and manufacturer of Air compressor, Vacuum Pumps,
Screw Air Compressor, Rotary Air compressor, Piston Compressors etc.
Strength
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Highly qualified technicians and other dedicated
professionals working with utmost passion and skills to deliver superlative
quality products as per the specific requirements of the customers.
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All the products manufactured by them conform to the
international standard quality norms.
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They have a massive production capacity.
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Prompt and effective after sales support.
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Cost effective, durable and reliable products.
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A wide network of distributors and suppliers spread all
over the globe.
CMT REPORT (Corruption, Money Laundering
& Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.42.37 |
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UK Pound |
1 |
Rs.84.01 |
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Euro |
1 |
Rs.65.96 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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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27 |
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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