MIRA
INFORM REPORT
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Report Date : |
08.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
A. M. TECHNOLOGIES |
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Registered Office : |
Plot No. 206, Industrial Area, Phase II, Panchkule 134109, Haryana |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
2000 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer, Trader and Exporter of Hospital equipment, Handicapped Wheel
Chairs, Beds, Operation Tables, Obsletric, Crutches, Bowl Stand, Hospital
Garments, Blankets 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 20000 |
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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. Partner is reported as
experienced and respectable businessman.
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/Factory : |
Plot No. 206, Industrial Area, Phase II, Panchkule 134109, Haryana,
India |
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Tel. No.: |
91-172-2595334 |
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Mobile No.: |
91-9814010258 |
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Fax No.: |
91-172-2591992 |
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E-Mail : |
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Website : |
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Area : |
1000 Sq. mtrs. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Ashish Nagpal |
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Designation : |
Proprietor |
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Date of Birth/Age : |
34 Years |
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Qualification : |
Post Graduate |
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Experience : |
7 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Trader and Exporter of Hospital equipment, Handicapped
Wheel Chairs, Beds, Operation Tables, Obsletric, Crutches, Bowl Stand, Hospital
Garments, Blankets etc. |
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Exports : |
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Products : |
Ø Hospital
Equipment |
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Countries : |
Ø USA Ø UK Ø Germany Ø South Africa |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS
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Particulars |
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Actual Production |
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Hospital Products and Equipments |
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As per Demand |
GENERAL
INFORMATION
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Customers : |
Ø Local Customers Ø End Users |
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No. of Employees : |
60 [In Office 10 + In Factory 50] |
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Bankers : |
State Bank of India Industrial Area, Chandigarh |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
S. Bhushan and Associates Chartered Accountants |
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Address : |
Chandigarh |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 5.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 5.000 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 |
40.000 |
32.400 |
31.500 |
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Profit/Loss for the year |
1.800 |
1.785 |
1.650 |
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCES:
Ø
UNICEF
Ø
AIMS
Ø
PIG, Chandigarh
Ø
All Government Hospitals in India
Ø
Ram Manohar Lohia Hospital
AS PER WEBSITE DETAILS:
PROFILE:
Subject was established to provide specialized services in the field
of patient health care. An ISO 9001:2000 certified company, specializing in the
manufacture and export of wide range of hospital furniture, stainless steel
holloware and sterilization equipments. They also specialize in the manufacture
of customized furniture. They fully appreciate the citically of quality of
their products. They firmly believe....
"Quality
is not an act, it is a habit"
Their
highly professional team are dedicated to continuous improvement of product
quality.
At
their works,
206,
Industrial Area, Phase-11, Panchkula-Haryana, INDIA
They
use state of the art technology. To maintain excellent quality level, all their
products are manufactured from prime quality sheets and pipes using latest
technology. All AMTECH products are pre treated in eight tank process and duly
Epoxy powder coated to give excellent finish and resistance to wear and tear.
At
their showroom,
815,
1st Floor, NAC Manimajra(Chandigarh), INDIA, all their products are exhibited.
Conscious
efforts are constantly made at A.M. TECHNOLOGIES to develop long term
relationship with its customers, vendors, bankers, staff members and others.
PRODUCTS:
Hospital Beds:
Ø
Hi-Lo
Intensive Care Bed(ICU Bed)
Ø
Hospital
Bed/Iron Cot
Ø
Ward
Care Bed - Flower Position (Deluxe Model)
Ø
Ward
Care Bed - Flower Position (General Model)
Ø
Ward
Care Bed - Semi Flower Position (Deluxe Model)
Ø
Ward Care
Bed - Semi Flower Position (General Model)
Ø
Ward
Care Bed - Flower Position (Manual Model)
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Pediatric
Bed
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Attendant
Bed
Examination Table
Ø
Examination
Table
Ø
Examination
Cum Gyane Table
Obstetric Table
Ø
Obstetric
Labour Table
Patient Carrying Trolleys
Ø
Stretcher
on Trolley
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Stretcher
on Trolley (Fixed Top)
Ø
Stretcher
on Trolley (With Cycle Wheels)
Ø
Stretcher
(Folding)
Wheel Chair
Ø
Invalid
Wheel Chair
Ø
Wheel
Chair (Folding)
Bedside Screens
Ø Overbed Table
Saline Stand
Ø Saline Stand [SS]
Ø Saline Stand [MS]
Ward and OT Trolleys
Ø Linen Trolley
Ø Cylinder Trolley
Office Furniture
Ø Examination Tables
Ø Bedside Lockers
Ø Computer Table
Ø Steel Almirah [Big and Small]
Ø Teachers Table
Ø Computer Chair
Ø Basin [Stainless Steel]
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. 39.28 |
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UK Pound |
1 |
Rs. 77.33 |
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Euro |
1 |
Rs. 57.80 |
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 |
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 |
5 |
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--LEVERAGE |
1~10 |
5 |
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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 |
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 |
YES |
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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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45 |
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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