MIRA
INFORM REPORT
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Report Date : |
25.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
YUGMA IMPRESSIONS |
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Registered Office : |
Plot No. H-5/25, MIDC, Chikal Thana, Aurangabad – 431 210, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2003 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of Electrical Etching Machines. |
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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Maximum Credit Limit : |
USD 5000 |
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Status : |
Small Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a small concern having moderate track. Trade relations are
fair. However, Payments records or banking relations are unknown. The concern can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Ms. Manisha |
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Designation : |
Sales Executive |
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Contact No.: |
91-9420759595 |
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Date : |
20.08.2008 |
LOCATIONS
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Registered Office / Factory : |
Plot No. H-5/25, MIDC, Chikal Thana, Aurangabad – 431 210, Maharashtra,
India |
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Tel. No.: |
91-240-3208236 |
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Mobile No.: |
91-9420759595 |
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Fax No.: |
91-240-2473730 |
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E-Mail : |
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Website : |
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Area : |
8000 Sq. ft. |
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Location : |
Owned |
PROPRIETOR
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Name : |
Mr. Rahul Bubane |
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Designation : |
Proprietor |
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Date of Birth/Age : |
33 Years |
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Qualification : |
B.E. Engineer |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Electrical Etching Machines. |
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Products : |
v
Manual Etching Machines v
Automatic Etching Machines v
Round Parts v
Circumferential
Machines v
Customized Etching Machines v
Customized Attachment
for Mark-2 v
Semi-Automatic
Marking Systems v
Roll Marking Machines v
Consumables v
Electrolytes v
Marking Heads v
Photographic
Stencils. |
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Exports : |
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Countries : |
v China v USA |
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Terms : |
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Selling : |
Through Cheque |
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Purchasing : |
Through Cheque |
GENERAL
INFORMATION
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Customers : |
v Wholesalers v End users v
Bhagwati Hardware, Delhi v
Emgee Exports, Faridabad v
E.R.Auto Private Limited, Gurgaon v
Akay Industries Private Limited, Hubli v
Semtee Tools Private Limited, Bangalore v
Uday Computer Aided Mfg. (Private) Limited Bangalore v
Universal Agencies, Guwahati v
Aytida Tools Private Limited Goa v
Automation and Control (Pune), Pune v
Bhalaria Metal Kraft Private Limited, Thane v
Cryotron Magnadrives, Thane v
Dee-Tee Industries, Indore v
D-Line India Private Limited, Mumbai v
Dresswell Diamond Dressing Tools, Aurangabad v
Endurance Systems (India) Private Limited,
Aurangabad. |
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No. of Employees : |
Total : 25 (Office : 5, Factory : 20) |
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Bankers : |
v Deutche Bank Ahmedabad |
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Facilities : |
[The concern don’t enjoy facilities from its bankers.] |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Adhav Jagdish and Consultants Chartered Accountants |
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Address : |
Ahmedabad |
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Tel. No.: |
91-9975373236 |
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Sister Concerns : |
Micronics W/o MIDC, Chikal , Aurangabad |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.000 million (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs. 1.000 million (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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10.000 |
Expected Sales (2008-09): Rs. 12.500 millions
LOCAL AGENCY
FURTHER INFORMATION
As Per Website
Details
Subject established in the year 2004, is a leading
manufacturer of electrochemical etching machines, and consumables like
electrolyte, marking head, photographic stencils, etc which enable the clients to mark their
products aesthetically, permanently and cost effectively. Numerous ferrous and
non ferrous metallic items and other materials such as cutlery, taps, drills,
hand made and automatic tools, crank pins, engine valves, surgical and medical
instruments, bath ware, sanitary hardware, ball bearings, gears, engine
components, etc. can all be marked through consumables like stencils and
electrolyte.
The concern renders
customized solutions for both automatic and semi-automatic processes that suit
respective applications. They have successfully accomplished complete plant
automation projects for chemical etching process used in marking numbers,
emblems, logos, dates, serial/batch numbers and several other data, on various
components of different applications and size. The concern also undertakes Job
work for Laser Marking and Chemical Etching, as per client specification and
requirement. They developed this process in response to the growing needs of
cross section of industries that require to mark metal components without the
stress and strain associated with conventional marking like steel stamping.
Infrastructure
They operate from a most modern state-of-the-art unit, where safety and health
of the staff is considered very important. Yugma Impressions' fully networked
workplace is embedded with data centralization to help employees save time by
giving them the information regarding the particular assignment along with time
limit. Continuous upgradation of technology and machinery is a common practice
in the company's setup.
They are outfitted
with technologically advanced machinery to carry out a smooth production of
products. The remarkable standards in designing the products has helped us earn
a significant place in the industry. Very high precision methods are adopted
during the production by the experienced and skilled workforce in the most
modern factory. The large warehouse owned by us helps us stack bulk products to
meet unforeseen market demands.
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 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 :
The 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.
The 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. 43.58 |
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UK Pound |
1 |
Rs. 80.31 |
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Euro |
1 |
Rs. 64.16 |
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 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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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37 |
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, they have no basis upon which to
recommend credit dealings |
No Rating |
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