MIRA INFORM
REPORT
|
Report
Date : |
22.02.2008 |
IDENTIFICATION DETAILS
|
Name: |
ESCORTS
CONSTRUCTION EQUIPMENT LIMITED |
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|
|
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Registered
Office : |
11,
Scindia House, Connaught Circus, New Delhi – 110 001. |
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Country: |
India |
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Financials
(as on) : |
31.03.2007 |
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Date
of Incorporation : |
17.02.1994 |
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Com.
Reg. No.: |
05-57458 |
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CIN
No.: [Company
Identification No.] |
U74899DL1994PTC057458 |
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IEC
No. |
0595009123 |
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|
Legal
Form : |
A Closely Held Public Limited Liability company. The
company is a subsidiary of Escorts Limited |
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Line
of Business : |
Manufacturing of Pick-n-carry Craves, Hydraulic Mobile Craves,
Vibratory Compactors for Sail Asphalt Tandems Rollers, Slew Craves and
Forklifts |
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 |
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Status
: |
Satisfactory |
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Payment
Behaviour : |
Slow |
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Litigation
: |
Clear |
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Comments
: |
Subject is an old and established company and a part of
Escorts group. The company has turned the corner and wiped-off all its
previous losses during the year 2006-07. Trade relations are fair. Payments
are however reported as slow but correct. The company can be considered normal for business dealings
at usual trade terms and conditions. |
LOCATIONS
|
Registered
Office : |
11,
Scindia House, Connaught Circus, New Delhi – 110 001, India |
|
Tel.
No.: |
91-129-2268152
/ 23358021 / 23351336 / 23353176 / 20064298 |
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Fax
No.: |
91-129-2268152 |
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Email
: |
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Website: |
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Factory
1 : |
Plot No.
2, Sector 13, Faridabad – 121 001, Haryana, INDIA |
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Tel.
No.: |
91-129-5283073,
5286694, 5290793, 5223561, 5223562, 5284810 |
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Fax
No.: |
91-129-5283065,
5261323 |
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E-Mail
: |
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Area : |
Leased |
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Branch : |
Located
at :
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DIRECTORS
|
Name : |
Mr. Rajan Harprasad Nanda |
|
Designation
: |
Chairman |
|
Address
: |
2, Friends Colony (West), New Delhi-110065, India |
|
Date
of Birth/Age : |
15.10.1942 |
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Date
of Appointment : |
17.02.1994 |
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|
|
|
Name : |
Mrs. Ritu Nanda |
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Designation
: |
Director |
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Address
: |
2, Friends Colony (West), New Delhi-110065, India. |
|
Date
of Birth/Age : |
30.10.1948 |
|
Date
of Appointment : |
10.04.1997 |
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|
|
|
Name : |
Mr. Vinod Ahuja |
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Designation
: |
Executive Director |
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Address
: |
B- 52-B, Gangotri, Enclave, Alaknanda, New Delhi-110019,
India |
|
Date
of Birth/Age : |
27.12.1950 |
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Date
of Appointment : |
30.06.2004 |
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|
|
|
Name : |
Mr. Sriram Khattar |
|
Designation
: |
Director |
|
Address
: |
15/5, Mathura Road, Faridabad – 121003, Haryana, India |
|
Date
of Birth/Age : |
26.12.1957 |
|
Date
of Appointment : |
20.07.2000 |
|
Date
of Ceasing : |
29.09.2005 |
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|
|
|
Name : |
Mr. Vijay Thacker |
|
Designation
: |
Director |
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Address
: |
1105, Embassy Center, Nariman Point, Mumbai-400021,
Maharashtra, India |
|
Date
of Birth/Age : |
21.06.1960 |
|
Date
of Appointment : |
29.03.2004 |
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|
|
|
Name : |
Mr .Nikhil Nanda |
|
Designation
: |
Director |
|
Address
: |
2, Friends Colony (West), New Delhi-110065, India. |
|
Date
of Birth/Age : |
18.03.1974 |
|
Date
of Appointment : |
30.06.2004 |
|
|
|
|
Name : |
Mr. Shailendra Tandon
|
|
Designation
: |
Director |
|
Address
: |
S-79, 1st Floor, Panchsheel Park, New
Delhi – 110017, India |
|
Date
of Birth/Age : |
26.02.1956 |
|
Date
of Appointment : |
26.09.2005 |
KEY EXECUTIVES
|
Name : |
Mr. Vikram Sharma |
|
Designation
: |
Chief Executive Officer |
|
Age: |
52 years |
|
Qualification: |
B. Tech. |
|
Experience: |
29 years |
|
Date
of Joining: |
10th June, 2000 |
|
Previous
Employment: |
Escorts Yamaha Motors Limited |
|
|
|
|
Name : |
Mr. Raman Sharma |
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Designation
: |
Executive Director |
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Age: |
46 years |
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Qualification: |
B. Tech., PGDBA |
|
Experience: |
23 years |
|
Date
of Joining : |
9th August, 1999 |
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Previous
Employment : |
J. K. Industries Limited |
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|
|
|
Name : |
Mr. Pankajrai S. Mittal |
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Designation
: |
Finance Controller |
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|
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|
Name : |
Mr. Rajeev Sharma |
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Designation
: |
Company Secretary |
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Address
: |
1st Floor, 60-61, Pocket – G/2, Sector
16, Rohini, New Delhi – 110085, India
|
|
Date
of Birth/Age : |
30.10.1973 |
|
Date
of Appointment : |
11.09.2006 |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
Percentage of Holding |
|
|
|
|
Bodies
Corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line
of Business : |
Manufacturing of Pick-n-carry Craves, Hydraulic Mobile
Craves, Vibratory Compactors for Sail Asphalt Tandems Rollers, Slew Craves
and Forklifts |
|
|
|
|
Products
: |
Cranes on Tyres Front End
Shovel Loaders |
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|
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Agencies
Held : |
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Exports
to : |
Oman, UAE, Srilanka, Bahrain, Nizeria, Brazil |
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|
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Imports
from : |
Korea, Italy, Germany |
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Terms
: |
|
|
Selling : |
L/C and Credit (30 day) |
|
|
|
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Purchasing : |
L/C and Credit (60/90 day) |
PRODUCTION STATUS
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
|
Cranes |
|
|
1000 |
1138 |
|
Loaders
and Road Compaction Eq. Pt. |
|
|
450 |
159 |
|
Total |
|
|
1450 |
1295 |
GENERAL INFORMATION
|
Customers
: |
End Users |
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|
|
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No. of
Employees : |
296 – In office 79, in factory 172 and in branch 45 |
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|
|
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Bankers
: |
Induslnd Bank Limited, International Trade Tower, F Block,
Gorund Floor, Nehru Place, New Delhi - 110019
Statesman House, Barakhamba Road, New Delhi - 110001 |
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Financial
Institutions : |
IL & FS Financial Centre, Plot No. C22, G Block, Bandra Kurla Complex, Bandra (West), Mumbai – 400051, Maharashtra,
India |
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Facilities : |
The concern enjoy credit limit from its Bankers :
The company enjoys mortgage facilities of Rs. 440.000
millions from IL & FS Trust Company Limited dated 10.04.2007. |
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Banking Relations : |
Satisfactory |
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Auditors
: |
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Name : |
S. N. Dhawan and Company Chartered Accountants |
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Address : |
C-37, Connaught Place, New Delhi – 110 001, India |
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Tel No.: |
91-11-23416322 / 23417564 |
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Fax No.: |
91-11-23415021 |
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E - Mail: |
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Associates/Subsidiaries
: |
(Formerly
Escorted Telecommunication Limited) |
CAPITAL STRUCTURE
Authorised
Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Total |
|
Rs.1500.000 millions |
Issued,
Subscribed & Paid-up Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity
Shares |
Rs. 10/-
each |
Rs.
400.000 millions |
|
31000000 |
Preference
Shares |
Rs. 10/-
each |
Rs.
310.000 millions |
|
|
|
|
|
|
|
Total |
|
Rs. 710.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
1] Share
Capital |
710.000 |
710.000 |
|
|
2] Profit
& Loss Account |
(69.478) |
(225.306) |
|
NETWORTH
|
640.522 |
484.694 |
|
|
LOAN
FUNDS |
|
|
|
|
1]
Secured Loans |
94.262 |
115.340 |
|
|
2]
Unsecured Loans |
0.000 |
0.559 |
|
TOTAL
BORROWING
|
94.262 |
115.899 |
|
|
DEFERRED
TAX LIABILITIES |
0.000 |
0.000 |
|
|
|
|
|
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TOTAL
|
734.784 |
600.593 |
|
|
|
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APPLICATION OF FUNDS
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block]
|
175.335 |
172.948 |
|
Capital work-in-progress
|
0.000 |
0.000 |
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|
|
|
|
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INVESTMENT
|
0.140 |
0.140 |
|
DEFERREX TAX ASSETS
|
45.608 |
131.048 |
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
|
|
Inventories
|
425.944
|
254.717
|
|
|
Sundry Debtors
|
552.357
|
387.712
|
|
|
Cash & Bank Balances
|
61.064
|
76.833
|
|
|
Loans & Advances
|
110.911
|
65.186
|
Total Current Assets
|
1150.276
|
784.448
|
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
Current Liabilities
|
628.242
|
489.215
|
|
|
Provision
|
11.510
|
6.390
|
Total Current Liabilities
|
639.752
|
495.605
|
|
Net
Current Assets
|
510.524
|
288.843
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES
|
3.177 |
7.614 |
|
|
|
|
|
|
TOTAL
|
734.784 |
600.593 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
Sales Turnover [including other income]
|
3171.800 |
1775.600 |
|
|
|
|
Profit/(Loss) Before Tax
|
267.600 |
49.800 |
Provision for Taxation
|
111.800 |
128.200 |
Profit/(Loss) After Tax
|
155.800 |
178.000 |
|
|
|
|
Export Value
|
34.777 |
14.871 |
|
|
|
|
Import Value
|
200.975 |
134.040 |
|
|
|
|
Total Expenditure
|
2891.600 |
1709.400 |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
PAT / Total Income
|
(%)
|
|
4.91 |
10.02 |
|
|
|
|
|
|
Net Profit Margin
(PBT/Sales) |
(%) |
|
8.43 |
2.80 |
|
|
|
|
|
|
Return on Total Assets
(PBT/Total
Assets} |
(%) |
|
0.20 |
4.81 |
|
|
|
|
|
|
Return on Investment (ROI)
(PBT/Networth) |
|
|
0.00 |
0.10 |
|
|
|
|
|
|
Debt Equity Ratio
(Total
Liability/Networth) |
|
|
2.14 |
1.68 |
|
|
|
|
|
|
Current Ratio
(Current
Asset/Current Liability) |
|
|
1.80 |
1.58 |
LOCAL AGENCY FURTHER
INFORMATION
The company exports Mobile Cranes and Vibratory Compactors.
The company import Forklift Trucks, Articulated Booms Cranes
and Hamm AG.
The company is in trade terms with :
- Rajdoot
Enterprises, Visakhapatnam
- Unicom
Distributors, Mumbai
- TVS
Sundram Iyengar and Sons Limited, Chennai
- Daewoo
Heavy Industries
- Fassi
Gru Italy.
- Pneumatic
Tahdeur Rollers
Profile
- Subject
is a fully owned subsidiary of Escorts Ltd, and belongs to one of the
India's largest multiproduct Engineering groups, with group sales turnover
exceeding US $ 900 Million.
- Subject
is the largest Pick 'n' Carry manufacturer in the world.
- Subject
has a strong presence in subcontinental countries, Middle East and Africa
- Subject
was the first to introduce the concept of DEALERSHIPS in the Indian
Construction Equipment Industry .
- Subjectis
clearly your best escort to the world of Construction and material
Handling.
- Besides
Pick and Carry, ECEL is a leading manufacturer of Vibratory soil
compactors, forklifts, hydraulic RT slew Cranes, Yards, Truck Loaders and
Tower Cranes
Products
MATERIAL HANDLING EQUIPMENTS
Pick 'N'
Carry Hydraulic Mobile Cranes( Range 5 to 16 tonnes)
Hydraulic Mobile
Slew Cranes (Range 10 to 40 tonnes)
Crawler
Cranes (50 to 280 Ton)
Articulated
Boom Cranes
Tower
Cranes
Fork Lift
Truck (1.5 to 16 tonnes)
Front End
Loaders
ROAD CONSTRUCTIONS EQUIPMENTS
Vibratory
Soil Compactor
Tandem
Vibratory Roller
MILESTONES:
1970 : “Yellow
Line” Construction Equipment Department (predecessor of
Escorts Construction Equipment Limited) formed.
1971 : Hydraulic
mobile Pick-n-Carry crane
Front
End Loader
1983 : Rough
Terrain Hydraulic mobile crane
1987 : Vibratory
Roller 10T Class
1995 : Escorts
Fassi Articulated Boom Cranes (1.72 Tm – 78 Tm)
Escorts Daewoo Fork Lift
Trucks (2T to 15T)
1996 : Escorts
JLG Aerial Work Platforms (15 feet to 150 feet)
v
Telescopic
Boom Lifts
v
Articulated
Boom Lifts
v
Scissor
Lifts and Personnel Lifts
1997 : Escorts
Franna All Terrain PNC crane
1999 : Escorts
K10
The
Next Generation Pick-N-Carry Crane
2000 : Escorts
– Hamm HD-85,
Tandem
Vibratory Roller
2001 : Escorts-M.-1000
Sugar
Cane Loader
FORM 8
|
Corporation identity number (CIN) or foreign company
registrations number of the company |
U74899DL1994PTC057458 |
|
Name of the company |
ESCORTS CONSTRUCTION EQUIPMENT LIMITED |
|
Address |
11, Scindia House, Connaught Circus, New Delhi – 110 001,
India |
|
This Form is for |
Modification of charge |
|
Type of Charges |
Book Debts and Corporate Gurantee |
|
Particular of the charge holder |
Axis Bank Limited Statesman House, Barakhamba Road, New Delhi – 110001,
India |
|
Nature or description of the instrument creating charge |
Letter of modification of charge dated 19.02.2007 |
|
Date of the instrument creating charge |
19.02.2007 |
|
Amount Secure by the charge |
Rs. 713.800 millions |
|
Brief of the principal terms and conditions and extent and
operation of the charge |
Rate of Interest : Not Applicable Terms of Repayments : Bullet Repayments in January 2010 Margin : Not Applicable Extent and operation of the charge : Not Applicable |
|
Short particular of the property charge (including
location of the property) |
Subservient charge on movable fixed assets and current
assets |
|
Particular of the present modification |
Substitution of the security stipulation of second changed
on the movable fixed assets and current assets of the company with
subservient charge on the movable fixed assets and current assets of the
company. |
|
Name of the company |
ESCORTS CONSTRUCTION
EQUIPMENT LIMITED |
|
Presented By |
UTI Bank Limited, Barakhamba Road,
New Delhi, India |
|
1) Date and description of instrument creating the change |
Deed of hypothecation (current assets, movable property
and receivables) dated 23.03.2005 |
|
2) Amount secured by the charge/amount owing on the
securities of charge |
Rs. 713.800 millions |
|
3) Short particular of the property charged. If the
property acquired is subject to charge, date of the acquired of the property
should be given |
Hypothecation by way of second charge on all the stock in
trade both present and future consisting of stock including raw materials,
stock in process, cash and other current assets whatsoever both present and
future being movable properties of ECEL now or at any time hereafter
belonging to the ECEL or at any disposal and or at any time and from time to
time hereafter stored or to be stored or bought into upon or in course of
transit to ECEL’s factory or premises or any other place, outstanding monies,
receivables claims, bills, which are now due and owing or may at any time
hereafter during the continuance of this security become due and own to the
ECEL in the course of business by any person, firms, company or body
corporate or by the Government Department body or authority or any body
corporate or undertaken project
whatsoever Hypothecation by way of second charge on all the plant and
machinery fixtures implements, fittings and other installations, furniture,
vehicles, computers and articles, equipments, things and all other movable
both present and future whether installed and or fastened to the earth or not
whether lying loose or in cases at site transits or which may at any time
hereafter during the continuance of this security installed or lying loose or
in case of being in or upon or about the ECEL;s factory premises warehouses
and godowns of ECEL or wherever else. The Corporate Guarantee has been given to UTI Bank Limite,
Barakhamba Road, New Delhi, India for the sanction term loan of Rs. 713.800 millions
to Idea Motorola Communication Limited.
|
|
4) Gist of the terms and conditions and extent and
operation of the charge. |
Payable on demand |
|
5) Name and Address and description of the person entitled
to the charge. |
Axis Bank Limited Statesman House, Barakhamba Road, New Delhi – 110001,
India |
|
6) Date and brief
description of instrument modifying the charge |
N A |
|
7) Particulars of modifications specifying the terms and
conditions or the extent of operations of the charge in which modification is
made and the details of the modification. |
N A |
DEALERS
WEST
|
v Asian
Engineering Sales Corporation |
|
157/D/4, Jhamtani Chambers, |
|
Opp. KSB Pumps Limited, Pimpri,
Pune 411 118 |
|
Ph : 91-20-2776478, 2773074,
2771733 |
|
Fax : 91-20-2774118 |
|
Contact Person: Mr. Xavier Joseph |
|
v
Garuda Sales & Service |
|
Rajendra Nagar Chowk, Link Road |
|
Above Hero Honda Show Room |
|
Bilaspur 495 001 |
|
v
Bhandari Technotrade Private Limited |
|
Rampurawala Bldg, 71 M.G. Road |
|
Indore 452 007 (MP) |
|
Ph : 91-731-2533445, 2538547 |
|
Fax : 91-731-2434757 |
|
Contact Person: Mr. Nitin Bhandari |
|
v
B.B. Nigade & Sons |
|
Nigade Garrage |
|
NH-4, Sarnobatwadi |
|
Kolhapur 416 009. |
|
Ph : 91-231-2521043 |
|
Fax : 91-231-521824 |
|
v
Cosfield Sales & Service |
|
120 Mount Road, Sadar, Nagpur 440
001 |
|
Ph: 91-712-2528540, 2534291,
2531027 |
|
Fax: 91-712-2548430, 2531027 |
|
Contact Person: Mr. Pramod Singh
Jamwal, Mr.Anil Taneja |
v
Mr.
Panigrahi
|
Khadilkar Sales & Services
Limited |
|
Tel : 91-265-2430081 |
v
Mr. Vinayak Joshi
|
Khadilkar Sales & Services
Limited |
|
Ph: 91-261-2871806 |
|
v
Rajiv Enterprises Private Limited |
|
Rajiv House, 4, Smrutikunj, Nr.
Navrangpura P.O. |
|
Navrangpura, Ahmedabad 380 009 |
|
Ph : 91-79-26568571, 26568574 |
|
Fax 91-79-26423595 |
|
Contact Person: Mr. Rajiv
Vastupal, Mr. Narendra Nainani |
|
v
Khadilkar Sales & Services Limited |
|
Parth Complex, Moti Khawdi, Nr.
Rly Crossing, |
|
P.O. Digvijaygram, Jamnagar 361
008 |
|
Ph: 91-288-244350 |
|
Contact Person: Mr. Khanjan
Antani, 91-288-274064 ® |
|
v
Pratik Diesels |
|
194-D, Gaiwadi, Girgaum Road |
|
Mumbai 400 004 |
|
Ph : 91-22-23802036, 23826211,
23824236 (O) |
|
Fax : 91-22-23850460, 2864645 |
|
Contact Person: Mr. Pratik Shah,
Mr.Bharat Shah |
|
v Rajat
Enterprises |
|
Naveen Bazar, Raipur 492 001 (Mp) |
|
Ph : 91-771-2536771, 2536180,
2536733 (O) |
|
Fax : 91-771-2536157 |
|
Contact Person: Mr. Mahavir
Golecha |
|
v
United Prospects Private Limited |
|
Near Datta Mandir |
|
Toleband Evorlim Novelim Salcete |
|
Margoa, Goa 403 707 |
|
Ph : 91-2834-2733522, 2731745 Fax
: 91-834-2733521 |
|
Contact Person: Mr. Damodar
Thakur, Mr. Srikant Desai |
EAST
|
v
ABC Trading Private Limited |
|
308, Sumati Complex |
|
Boring Road, Patna 800 001 |
|
Ph : 91-612- 23263 ® Fax :
91-612-229159 |
|
Contact Person: Mr. V.K.Sahay |
|
v
Chand Agencies |
|
Chand Villa, Bank Area |
|
Jamshedpur 831 001 |
|
Ph : 91-657-2425960 (O) 2425960 ® Fax : 91-657-2425960 |
|
Contact Person: Mr. S.K.Chand, Mr
Rakesh Chand |
|
v
Dhanbad Tractors & Automobiles |
|
Shastri Nagar, Dhanbad 826 001 |
|
Ph : 91-326-2307318 (O) 2302310,2305749
® Fax : 91-326-2307318 |
|
Contact Person: Mr. M.D. Poddar |
|
v
Essem Tekno Services Private Limited |
|
Regd Off: 85, Elliot Road (3rd
Floor) |
|
Calcutta 700 016 |
|
Ph : 91-33-2291620 Fax : 91-33-2294347 |
|
Contact Person: Mr. S. Sen, Mr.R.
Sen |
|
v
Kasi Equipments |
|
No. 26, Forest Park, Bhubneshwar
751 009 |
|
Ph : 91-674-2538695, 2531984 (O)
2413093 (D) Fax : 91-674-2531168 |
|
Email: ksspl@cal2.vsnl.net.in |
|
Contact Person: Mr. Sunil Taneja,
Mr. A. Mishra |
|
v
Kasi Equipments |
|
N-18, Civil Township, Rourkela 769
004 |
|
Ph : 91-661-2505650 |
|
v
Kasi Equipments |
|
Hotel Ganapathy, Po Kulad, Fci
Road, |
|
Naclo Nagar 759 122 , Angul,
Orissa |
|
Ph: 91-6760-220026 |
|
Fax : 91-6760-20464 |
|
v
B.R. Enterprises |
|
26, Srimanta Market |
|
A.T. Road, Guwahati 781 001 |
|
Ph :91-361-2523966 |
|
Contact Person: Mr. Ranjit Budhia,
Mr. G.S.Agarwal |
SOUTH
|
v
Stellas Engineers Private Limited |
|
N7 & N13, Unity Buildings |
|
J.C. Road, Bangalore 560 002 |
|
Ph : 91-80-2211722, 2274020 |
|
Fax : 91-80-2274325 |
|
Contact Person: Mr. P.S. Nathan |
|
v
Karnataka Construction Equipments |
|
Opp. Head Post Office, Station
Road |
|
Bijapur 586 101 |
|
Ph: 257516, 250216 (O) 250912 ®
Fax : 252216 |
|
Contact Person: Mr. J.N. Joshi,
Mr. P.J.Joshi |
|
v
Meena Engineering Equipments Private Limited |
|
No. 106, Chenoy Trade Centre |
|
Parklane Road, Secunderabad 500
003 |
|
Ph : 91-40-27844955, 27869365 (O) |
|
Fax : 91-40-27844955 |
|
Contact Person: Mr. C.B.
Viswanathan |
|
v
Rajdoot Enterprises |
|
Harbour Approach Road |
|
Visakhapatnam 530 001 |
|
Ph : 91-891-2563235, 2508616 |
|
Fax : 91-891-2560052 |
|
Contact Person: Mr. A.H.N. Venkat
Rao |
|
v
Shan Ani Pro Services |
|
230, Indira Nagar |
|
Neyveli 607 801, Tamil Nadu |
|
Ph : 91-4142-254516 |
|
Fax: 91-4142-254770 |
|
Contact Person: Mr. Lalit Loothra,
Mr.C.D.P.Kumar |
|
v
Sundaram Motors |
|
25, Ganapathy Colony, Opp. Cenotaph
Road |
|
Teynampet, Chennai 600 018 |
|
Ph: 91-44-24362385 (O) |
|
Fax : 91-44-24322753 |
|
Contact Person: Mr. H.J. Iyer |
|
v
T.V. Sundaram Iyengar & Sons Limited |
|
Post Box No. 21,211,South Veli
Street |
|
Madurai 625 001 |
|
Ph : 91-452-2628110 - 4, 232177 |
|
Fax: 91-452-2628118 |
|
Contact Person: Mr.S.Kannan |
|
v
Karnataka Construction Equipments |
|
H.No. 1052 "Shrinivas
Nilay" |
|
3rd Cross, Mrutyunjay
Nagar |
|
Hospet 583 203 |
NORTH
|
v
Anand Automobiles |
|
152, Civil Lines, Chowki Chauraha |
|
Bareilly 243 001 |
|
Ph : 91-581-2479829, 2470503 |
|
Fax : 91-581-2479829 |
|
Contact Person: Mr.Sanjay Anand |
|
v
A Automovers Private Limited |
|
27/2 B.N. Road, Lucknow 226 001 |
|
Ph : 91-522-23318202, 2217146,
2216395 |
|
Fax : 91-522-2217146 |
|
Contact Person: Mr.B.S.Talwar |
|
v
Agarwal Enterprises |
|
2, Sardar Patel Marg, |
|
Civil Lines, Allahabad |
|
Ph : 91-532-2624938, 2624924,
420653, 2624398 |
|
Fax : 91-532-2420652 |
|
Contact Person: Mr. Naveen Chanda |
|
v
Hi Tech
Automobiles |
|
117/H-2/206, Pandu Nagar |
|
Kanpur 208 005 |
|
Ph : 91-512-2213268 (O); 2219844 ® |
|
Contact Person: Mr. Avinash Chadha
|
|
v
Drillcon (Raj) Private Limited |
|
12a, Ambamata Scheme |
|
Opp. Dig Resience, Udaipur 313
001, Rajasthan |
|
Ph : 91-294-2524670, 2523976,
2522462 |
|
Fax : 91-294-2523876 |
|
Contact Person: Mr. Praful Mehta |
|
v
Goel Motors |
|
Ranipur More, Goel Motors
Buildings |
|
Haridwar (UP) |
|
Ph : 91-133-2427072 |
|
Fax : 91-133-2416993 |
|
Contact Person: Mr. Sandeep Goel |
|
v
M.K. Associates |
|
Main Road, Morwan, Singrauli 486
890, UP. |
|
Ph : 91-7805-267021 |
|
Fax : 91-7805-266658,267021 |
|
Contact Person: Mr.Mohan Bhutani,
Mr.Pankaj Bhutani |
|
v
Spark Engines Private Limited |
|
H.O. SCF. 366, New Motor Market |
|
Mansa Devi Road, Manimajra |
|
Chandigarh 160 101 |
|
Ph : 91-172-2553066 |
|
Fax :91-72-26730961 |
|
Contact Person: Mr. A.K. Grover,
Mr. P.K.Verma |
|
v
Tractor & Machinery Corporation |
|
Opp. Roadways Bus Stand |
|
Station Road, Jaipur 302 006 (Raj) |
|
Ph : 91-141-2366980, 2360829, 2369584 |
|
Fax : 91-141-2379093 |
|
Contact Person: Mr. Mahendra
Agarwal, Mr.D.Kumar |
|
v
Sabharwal Auto Stores |
|
G.T. Road, Distt. Fetehgarh |
|
Mandi Gobindgarh 147 301 |
|
Ph : 91-1765-256569/256083 (O) |
|
Fax :91-1765-256083 |
|
Contact Person: Mr. Bansi Lal, Mr.
Roshan Lal |
|
v
Prakash Motors |
|
1, Prakash Enclave |
|
Agra Mathura Bye Pass Road |
|
Agra 282 005, UP. |
|
Ph : 91-562-250211, 2350480 |
|
Fax : 91-562-2350914 |
|
Contact Person: Mr. Navneet Bansal |
|
v
Tractor & Machinery Corporation |
|
Khandelwal Charity Trust Bhawan |
|
Kotri Chouraha |
|
Kota 324 007 Ph : 91-774-220860 |
INTERNATIONAL
DEALERS
v
Paka Overseas
13/42 Kreishna
Galli, Lalitpur, GPO Box 2743
Kathmandu, Nepal
Tel 520302/3 Fax 977-1-526670/526529
E Mail: paka@mos.com.np
Contact Person: Mr.Badri K. Shrestha
v
Morang Auto Works
Engineering
Division
Ka 1/318, Tripureshwar, Teku Road,
P:O Box 1452, Kathmandu, Nepal
Phone 261160/261847 Fax 977 1 258935
E Mail : mawnepal@ccsl.com.np
Contact person Mr. Vishnu Agarwal/Mr. Ganesh Raghavan
v
Dax Engineering Co. Private Limited
97, Galle Road
Colombo 3
Sri Lanka
Tel 0094 1 4455585/448527
Contact Persons : Mr. S.S. Wijayasinghe, Chairman
v
Saif Powertec Corporation
873 Outer Circular
Road, First floor
South Shajahanpur
Dhaka 1217, Bangladesh
Tel 00 880 2 9335723/9350081 Fax 880 2 83 53 29
E Mail : saifop@bdmail.net
v
Darwish
Bin Ahmed & Sons
PO Box 28883
Abu Dhabi U.A.E.
Tel 02 5884800, Fax 02 5882242
E mail mandb@emireates.net.ae
Contact person : Mr. Ram Mohan
- Arabian
Engineering Services LLC
PO Box 3168, Ruwi, Area Code 112
Sultanate of Oman
Tel 00 968 594702/Fax 561631
Contact Person : Mr. S.Nagarajan, Construction Equipment Division
- 600SA
Holdings (Pty) Limited
Crn Director Road and Green Avenue, Aeroport
Spartan Ext.2, PO Box 600,
Kempton Park 1620
South Africa
Tel 011 9294602/Fax 9294622
E Mail: group600@iafrica.com
Contact Person : Mr. Max Sheehan
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.40.45 |
|
UK Pound |
1 |
Rs.81.72 |
|
Euro |
1 |
Rs.56.09 |
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/normal. |
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 |