MIRA
INFORM REPORT
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Report Date : |
10.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
CRAFTECH NUMERICS PRIVATE LIMITED |
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Registered Office : |
204/206 Siddharth Chambers, Hauz Khas, New Delhi – 110016 |
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Country : |
India |
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Date of Incorporation : |
17.08.1988 |
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Com. Reg. No.: |
55-32832 |
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CIN No.: [Company
Identification No.] |
U28939DL1988PTC032832 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELC06879F |
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PAN No.: [Permanent
Account No.] |
AAACC7102 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Importer of Tools, Moulds and Dies. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a pretty old company but has not filed any financials with
the Government department since last 3 years. The management declined to part with any details. Payments are
reported as slow and delayed. The company can be considered for any business dealings on fully safe
and secured terms, only. |
LOCATIONS
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Registered Office : |
204/206 Siddharth Chambers, Hauz Khas, New Delhi – 110016, India |
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E-Mail : |
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Website : |
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Head Office : |
A-7, Sector – 58, Gautam Budh Nagar, Noida – 201307, Uttar Pradesh,
India |
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Tel. No.: |
91-120-4587706/ 4587683/ 4587617 |
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Fax No.: |
91-120-4587705/ 4589392 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Pravan Gaur |
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Designation : |
Managing Director |
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Address : |
309 – A, Sector 15 A, Noida Gautam Budhha Nagar - 201301, Uttar
Pradesh, India |
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Date of Birth/Age : |
25.02.1962 |
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Date of Appointment : |
26.05.1989 |
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Name : |
Mrs. Swati Gaur |
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Designation : |
Director |
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Address : |
309 – A, Sector 15 A, Noida Gautam Budhha Nagar - 201301, Uttar
Pradesh, India |
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Date of Birth/Age : |
03.09.1962 |
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Date of Appointment : |
04.02.1999 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 16.06.2005)
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Names of Shareholders |
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No. of Shares |
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Mr. Pravan Gaur |
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237788 |
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Mrs. Swati Gaur |
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20625 |
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Craftech Software Private Limited |
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116587 |
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Total |
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375000 |
(As on 31.03.2007)
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Category |
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Percentage |
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Bodies Corporate (not mentioned above) |
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31.08. |
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Directors or relatives of directors |
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68.92 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Importer of Tools, Moulds and Dies. |
GENERAL
INFORMATION
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Bankers : |
25, Barakhamba Road, New Delhi – 110001, India
MCB, Barakhamba
Road, New Delhi – 110001, India |
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Banking Relations
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- |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
(As on 27.05.2005)
Authorised Capital:
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No. of Shares |
Type |
Value |
Amount |
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375000 |
Equity Shares |
Rs.100/- each |
Rs.37.500 Millions |
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Issued, Subscribed & Paid-up Capital:
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No. of Shares |
Type |
Value |
Amount |
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375000 |
Equity Shares |
Rs.100/- each |
Rs.37.500 Millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY
FURTHER INFORMATION
Form 8:
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Corporate
identity number of the company |
U28939DL1988PTC032832 |
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Name of the
company |
CRAFTECH NUMERICS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
204/206 Siddharth Chambers, Hauz Khas, New Delhi – 110016, India |
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This form is for |
Modification of charge |
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Type of charge |
Corporative
Guarantee |
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Particular of
charge holder |
Punjab National
Bank MCB, Barakhamba
Road, New Delhi – 110001, India |
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Nature of
instrument creating charge |
Agreement of
Guarantee |
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Date of
instrument Creating the charge |
19.01.2007 |
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Amount secured by
the charge |
Rs.123.335
Millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of
Interests: Corporative
Guarantee Term of
Repayment: The Guarantors here
by Guarantees jointly and severally to pay the bank after demand in writing
all principal interests, costs, charge, and expenses due. Margin: NA Extent and
Operation of the charge: Full Charge 100% Others: Corporative
Guarantee given for loan sanction to Craftech – Rapid Technologies Private
Limited |
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Particulars of
the property charged |
The Guarantors
here by Guarantees jointly and severally to pay the bank after demand in
writing all principal interests, costs, charge, and expenses due. |
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Particulars of
the present modification |
There no change
in over all limit Rs.123.335 Millions CC Limit Enhanced
from Rs.12.500 Millions to Rs.22.500 Millions With in ceiling
of Rs.123.335 Millions |
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.43.13 |
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UK Pound |
1 |
Rs.85.02 |
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Euro |
1 |
Rs.67.77 |
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 |
3 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
1 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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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 |
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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25 |
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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