MIRA
INFORM REPORT
|
Report Date : |
01.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
MAAN MACHINE TOOLS |
|
|
|
|
Registered Office : |
119, Krishna Vihar, Nawlu Colony, New Railway Road, Near Bus Stand, Ballabgarh
– 121004, Haryana |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2008 |
|
|
|
|
Year of Establishment : |
1978 |
|
|
|
|
Legal Form : |
Sole Proprietory Company |
|
|
|
|
Line of Business : |
Manufacturer, Exporter and Importer of Machinery for Embracing
Packaging, Printing, Pharmaceuticals and Capacitors Industries |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 10000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed concern having satisfactory
track. Trade relations are fair. Business is active. No complaints have been
heard from the market sources. The concern can be considered good for normal business dealings. |
INFORMATION PARTED
BY
|
Name : |
Mr. Satnam Singh Maan |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9810262166 |
|
Date : |
01.12.2008 |
LOCATIONS
|
Registered Office / Factory / Branch : |
119, Krishna Vihar, Nawlu Colony, New Railway Road, Near Bus Stand,
Ballabgarh – 121004, Haryana, India |
|
Tel. No.: |
91-129-2240123 / 923 |
|
Mobile No.: |
91-9810262166 (Mr. Satnam Singh Maan) 9911422274 9818543455 (Mr. Vijendra Bharti) |
|
Fax No.: |
91-129-2240123 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Satnam Singh Maan |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
57 years |
|
Qualification : |
Graduate |
|
Experience : |
32 years |
KEY EXECUTIVES
|
Name : |
Mr. Kuljeet Singh Maan |
|
Designation : |
Key Executive |
|
Date of Birth/Age : |
26 years |
|
Experience : |
4 years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Machinery for Embracing Packaging,
Printing, Pharmaceuticals and Capacitors Industries |
|
|
|
|
Products : |
|
|
|
|
|
Exports : |
|
|
Countries : |
USA, UK, Sri Lanka. Pakistan, Canada, Japan, China. Dubai, Bangladesh
and Kenya |
|
|
|
|
Imports : |
|
|
Countries : |
China, Japan, USA, UK and Germany |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
L/C, Cash and Credit (2 to 3 days) |
PRODUCTION STATUS
|
Capacity to increase production by : |
40% |
GENERAL
INFORMATION
|
Suppliers : |
Own Manufacturing |
|
|
|
|
Customers : |
Manufacturer |
|
|
|
|
No. of Employees : |
35 |
|
|
|
|
Bankers : |
Bank of India, Ballabgarh – 121004, Haryana, India |
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Memberships : |
H.O.M.A.I. (Hologram Manufacturing Association of India) S.S.I. (small Scale Industries) F.I.C.C.I. (Federation of India Chamber of Commerce of Industries) I.P.A.M.A. (Indian Printing Packaging and allied Machinery
Manufacturers Association) |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
R.2.500 millions |
|
Borrowed : |
-- |
|
Total : |
Rs.2.500 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
31.03.2008 |
31.03.2007 |
|
Sales Turnover |
|
15.000 |
10.000 |
|
|
|
|
|
|
Profit/Loss for the year |
|
12% |
12% |
Expected Sales (2008-09) : Rs.20.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
As per Web Details
Concern Profile:
Subject is a manufacturer of special purpose machine for packaging
industry, printing industry, pharmaceuticals industries and capacitor industry.
They manufacture slitting machines, vacuum metallizing continuous roll coating
plant, and special purpose machines.
But now counterfeiting
has become a very big problem in economy. Genuine brands are loosing a
considerable portion of their sales. To fight against the ills of
counterfeiting, the holograms & other holographic products are used
worldwide to protect & Promote the brand names.
During 1996, they studied and researched HOLOGRAPHIC TECHNOLOGIES.
Acknowledging the emerging threats of the Counterfeiting problems and the need
to provide the full-proof security packaging solutions, then they started
manufacturing holographic setups. They aim at helping its clients to promote
& protect their brand names. Today they provide its esteemed clients to
track or deter the counterfeit or fake resulting in saving the crores worth of
goods per year. View Samples
Having played a pioneering role in holographic products in India and as the
Indian company having modern manufacturing facilities for bulk production of
holographic products, all under secured environment, they are best equipped to
provide practical professional approach.
They
have a widespread client base across the industry verticals because of their
superior quality products with exclusive designs, excellent customer services,
commitment for excellence and passion to deliver the best to the clients.
Their client base comprises of satisfied customers in the vast and demanding
international markets where the quality standards of their range of machines
have been noticed and appreciated.
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 :
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.84 |
|
UK Pound |
1 |
Rs.76.81 |
|
Euro |
1 |
Rs.64.38 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|