MIRA
INFORM REPORT
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Report Date : |
05.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
ESTOVIR TECHNOLOGIES |
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Registered Office : |
# 9, Electronic City, Sector – 18, Gurgaon – 122015, Haryana |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1988 but started in 1989 |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Manufacturer, Exporter and Trader of Wire Satripping Machines, Wire
Soldering Machines, Cut and Bending Machines etc. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 14000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed concern having satisfactory
track. Partners are reported as experienced and respectable businessmen.
Trade relations are fair. Business is active. Payments are reported as
usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
# 9, Electronic City, Sector – 18, Gurgaon – 122015, Haryana, India |
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Tel. No.: |
91-124-4013575 |
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Mobile No.: |
91-9810138219 |
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Fax No.: |
91-124-4013575 |
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E-Mail : |
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Website : |
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Area : |
400 sq. mtrs |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Kamal Puri |
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Designation : |
Partner |
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Date of Birth/Age : |
40 years |
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Qualification : |
Mech. Eng. |
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Experience : |
15 years |
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Name : |
Mr. Manoj Banerji |
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Designation : |
Partner |
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Date of Birth/Age : |
41 years |
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Qualification : |
Mech. Eng. |
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Experience : |
18 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Trader of Wire Satripping Machines, Wire Soldering
Machines, Cut and Bending Machines etc. |
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Products : |
·
Antistatic Products ·
Conveyor Systems ·
PCB Mounting Line ·
Pre-Forming Machinery ·
Production Tools ·
Soldering Systems ·
Wire Processing |
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Exports : |
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Products : |
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Wire Stripping ·
Soldering Machines |
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Countries : |
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Sudan and Nigeria – Europe ·
Bangladesh ·
Sri Lanka ·
South Africa ·
UAE |
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Imports : |
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Products : |
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Spares ·
Machinery |
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Countries : |
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Korea ·
China ·
Japan ·
Uk ·
Germany |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit (60days), Sight |
GENERAL
INFORMATION
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Customers : |
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Local Customers ·
End Users |
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No. of Employees : |
22 ( 6 – Office, 16 – Factory) |
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Bankers : |
Canara Bank, Gurgaon |
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Facilities : |
Limit Rs.2.500 Millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Not Regular |
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Associates/Subsidiaries : |
Estovir Electronics Private Limited |
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Address: |
9 Electronic City, Sector 18, Gurgaon |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.3.500 Millions |
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Borrowed : |
- |
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Total : |
Rs.3.500 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
15.000 |
14.500 |
12.500 |
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Profit for the year |
1.050 |
0.920 |
0.800 |
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Expected Sales (2007-08) : Rs.
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference:
·
Honda Motors Limited, Bhiwadi and Greater
Noida
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Maruti Udyog Limited, Gurgaon
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Unitech
Profile:
Established in 1988, Subject control is a specialized
manufacturers and exporters of a range of wire stripping machines, soldering
machine, wave soldering machine, cut and bend machines and other PCB assembly
equipments etc. Subject control is a specialized manufacturers and exporters of
a range of PCB assembly equipments, which includes wire stripping machines,
soldering machine, cut and bend machine, jumper link making machine etc. Backed
by an experience of more than a decade, they have attained the position of a
major player in this field.
Client Base
They have successfuly served a large number of clients
nationally as well as on a global basis because of their indepth understanding
of consumer behavior and their requirments. They are serving the world
continents with the best quality machines to completely satisfy their esteemed
customers.
Quality
The products come with unconditional guarantee, reliability
and are of premium quality. They have adopted quality control measures as per
the international standards, so that only perfect products reach their
customers. All the components are qualitative and indigenous in nature
producing authentic machines, which can be taken rigorously into use. Their
machineries have a very low maintenance cost.
Infrastructure
They have a well equipped factory in Gurgaon, Haryana( India
), along with a well furnished office at Karampura in Delhi. They also have other
offices situated in Bangalore and Pune. Their workforce consists of a team of
dedicated and experienced employees who take utmost care to produce flawless
machineries.
Services
Product
Range
Automatic Dip Soldering Machine DIP 905
DIP 905 provides high performance soldering at economical
price. It is suitable for soldering single sided/PTH/Multilayered PCB's and
most intricate hybrid assemblies. The machine comprises of a precision digital
temperature controller, a counter balanced top loading frame and sealed
cartridge type heaters that ensure full industrial performance with high
production rate. A custom designed top loading frame and its controlled
movement during soldering operation provides maximum solder peel back that
eliminates bridging, iciling, blowholes etc. An adjustable timer selects the
solder time.
TECHNICAL DATA
Bath Size : 14" x 14" / 18" x 14"
Solder Capacity : 35Kg./ 45 Kg.
Power : 3.2 KW/ 4.0 KW
Heat up Time : 35 minutes
Max.Lead Length (Projection) : 35 mm
Manual Cut and Bend Machine for Taped
Axials MAP 860
MAP 860 is standard hand operated machine designed to cut
and perform taped axial leaded components, ready for insertion into the PCB.
The sturdy construction ensures a long life and perfect operation. It incorporates
sealed ball bearing for extra durability and work efficiency. Component lead
are cut and formed without causing damage to the leads which is most important
in the case of delicate components. Easy adjustment of pitches and leg lengths.
It has high quality cutting blades, for a clean and smooth cut and long life.
OPTIONAL
» Vertical Attachment : 860 VA
» Tape and Reel Arm : 860 TA
» Bender Pitch Gauge : 860 PG
SPARE
» Cutter Set 860 - 430
» Bending Assembly 860 - 5
» Wheel Assembly 860 - 3
» Handle Assembly 860 - 140
Wire Stripping Cum Twisting Machine AWZ
460
AWZ 460 is capable of stripping the insulation and twisting
the strands (in case of multi strand wire), automatically in a single
operation. Change over from one wire diameter to another is fast and simple by
changing collect according to the wire size. Stripped length is adjustable.
Stripping and twisting is done without nicking the core.
TECHNICAL DATA
Dimension (l x w x h) : 250 x 130 x 180 mm
Weight : 3 Kg. Max./Min.Wire
Dia. : 4.0/1.2 mm
Max./Min.Strip Length : 1.5/5mm
OPTIONAL
» Spring 460 S1
» Tool Bit 460 TB
» Tool Assembly 460 TA
Wire Collets from 1.4mm to 6mm are available in steps of 0.1mm.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.32 |
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UK Pound |
1 |
Rs.77.53 |
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Euro |
1 |
Rs.57.91 |
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 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
YES |
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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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48 |
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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