MIRA
INFORM REPORT
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Report Date : |
03.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
PRECISION FIBRE |
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Registered Office : |
21, Aradhana Industrial Estate, Navghar Road, Bhayandar (East) |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1987 |
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PAN No.: [Permanent
Account No.] |
ABQPP8967L |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Supplier of Comprehensive Range of Precision
Engineered FRP (Fibre Rainforce Plastics Products) and RTM (Resins Transfer
Machine) |
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 : |
No complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small concern in its field. Trade relations are
fair. Scale of activity is limited. No complaints have been heard from market
sources. The concern can be considered for small to mediocre business dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. Tarun Sarda |
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Designation : |
Manager |
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Contact No.: |
Mobile no. 91-9869152484 |
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Date : |
01.12.2008 |
LOCATIONS
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Registered Office/ Factory : |
21, Aradhana Industrial Estate, Navghar Road, Bhayandar (East) |
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Tel. No.: |
91-22-28164491 / 28163356 |
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Mobile No.: |
91-9869152484 / 9819533567 |
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Fax No.: |
91-22-28163356 |
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E-Mail : |
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Website : |
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Area : |
3000 sq ft (including factory) |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Ashok Kumar Pujari |
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Designation : |
Proprietor |
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Date of Birth/Age : |
42 Years |
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Qualification : |
B.Com |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Supplier of Comprehensive Range of Precision Engineered
FRP (Fibre Rainforce Plastics Products) and RTM (Resins Transfer Machine) |
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Products : |
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Terms : |
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Selling : |
Cash and Credit 30 days |
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Purchasing : |
Credit 30 days |
GENERAL
INFORMATION
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Customers : |
OEM’s |
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No. of Employees : |
8 |
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Bankers : |
Vijaya Bank, Bhayandar (East)
Branch |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
Mr. Dilip Wasdikar Chartered Accountants |
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Address : |
Mumbai |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
About Rs.1.000 million (Estimated) |
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Borrowed : |
-- |
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Total : |
About 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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5.000 |
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Expected Sales (2008-09): Rs.7.000 millions
LOCAL AGENCY
FURTHER INFORMATION
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Additional
Requirement of Indiamart for Trust-Seal |
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Service Tax No. : ABQPP8967L ST 001 |
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Excise Registration No.: ABQPP8967L XM
001 |
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VAT / TIN : 27730020838 dated 01.04.2006 |
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PAN / TAN : ABQPP8967L |
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Bank Name : Vijaya
Bank |
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Bank Address : Bhayandar (East) Branch |
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Bank A/c. No.: 240020 |
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Account Since : 30
Years |
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In case of any affiliations / memberships / certifications
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Name : ISO |
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Type : 9001 : 2000 |
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Expiry Date : 23.03.2009 |
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TRADE REFERENCES:
- Mahindra and Mahindra - Kandivali (East), Mumbai
- Mechelonic Engineers Private Limited - Vapi, Gujarat
WEBSITE DETAILS:
PROFILE:
Incepted in the year 1987,
Subject, being an ISO 9001:2000 certified company has emerged as a
leader in manufacturing, supplying and exporting comprehensive range of
precision engineered FRP and RTM products and linings. They are also engaged in
supplying Original Equipment (OE) to various industries including automobiles,
engineering and allied industries.
Leveraging on the state-of-the-art infrastructure equipped with latest
machines, they have been able to offer these components that conforms to
various international standards. They are supported by a dedicated team
relentless effort helps them in offering qualitative components in stipulated
time frame. The research team coordinates with engineers and technocrats offer
valuable suggestions that immensely help them in creating unique and practical
range.
They also have the ability to customize the range to meet the specific requirements
of the clients. They have a policy of obtaining feedback from the clients on a
regular basis and the open attitude of listening to their grievances and
complaints has put them on the list of the clients.
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.50.52 |
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UK Pound |
1 |
Rs.75.08 |
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Euro |
1 |
Rs.63.72 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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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 |
4 |
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--LEVERAGE |
1~10 |
4 |
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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 |
NO |
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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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32 |
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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