MIRA
INFORM REPORT
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Report Date : |
12.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
RESEARECH DEVELOPMENT AND MANUFACTURING CORPORATION |
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Registered Office : |
M S Ramaiah Industrial Estate, Gokul Extension, Bangalore – 560 054,
Karnataka |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1972 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRR00338C |
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PAN No.: [Permanent
Account No.] |
45-233-PV- |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturers of Precision Gears and Precision Machined Components for
application in the areas of Aircraft, Air Compressor, Chip Conveyers,
Defence, Elevators, Heavy Earth Moving Equipments, Locomation, Medicine,
Parking Equipments, Pumps and Valves, Textiles. |
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 330000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having satisfactory track. Trade
relations are fair. Payments are usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. Nothing adverse reported. |
LOCATIONS
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Registered Office / Factory : |
M S Ramaiah Industrial Estate, Gokul Extension, Bangalore – 560 054, Karnataka,
India |
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Tel. No.: |
91-80-23604133/ 23605676/ 23606639/ 23605679 |
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Fax No.: |
91-80-23601697 |
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E-Mail : |
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Website: |
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Area : |
70000 Sq. ft |
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Location : |
Owned |
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Factory : |
Located at Peenya, Bangalore |
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Area : |
2400 Sq.ft |
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Location : |
Rented |
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Branch: |
Mysore K R S Road, Sri Rangapatha Taluk, Karnataka, India |
PROPRIETOR
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Name : |
Mr. J K Nahata |
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Designation : |
Proprietor |
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Qualification : |
B.E. (Mechanical) |
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Experience : |
34 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of Precision Gears and Precision Machined Components for
application in the areas of Aircraft, Air Compressor, Chip Conveyers, Defence,
Elevators, Heavy Earth Moving Equipments, Locomation, Medicine, Parking
Equipments, Pumps and Valves, Textiles. |
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Exports : |
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Countries : |
v Germany |
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Imports : |
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Countries : |
v Germany v Japan v Korea |
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Terms : |
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Selling : |
L/C (45 - 60 days) |
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Purchasing : |
L/C ( 30 - 45 days) |
GENERAL
INFORMATION
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Suppliers : |
v Chimani alloy
Steels Private Limited v HMT Limited v Kirloskar Kap v Bharat Fritz v Warner LTR -
Ramoba |
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Customers : |
v B E M L v AVTEC Limited v Rheingotribe –
Germany v L and T Komatsu
Limited v Telco
Construction v Earth Moving
Equipment v Heavy Vehicles,
Tractors v Engineering v Textile
Machinery v Others |
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No. of Employees : |
About 70 |
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Bankers : |
v Central Bank of
India J C Road, Bangalore – 2, Karnataka, India |
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Facilities : |
Operating on own funds. |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
G S Krishnamurthy and Company Chartered Accountants |
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Address : |
Bangalore |
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Memberships: |
v C I I – FKCCI –
Kassia v Peenya
Industries Association |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 66.000 millions |
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Borrowed : |
-- |
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Total : |
Rs. 66.000 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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180.000 |
111.200 |
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Profit/Loss for the year |
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About 12% |
About 12% |
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Export Value |
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20.800 |
17.700 |
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Import Value |
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13.500 |
9.500 |
Normal Inventory Level – About Rs. 14.000 millions
LOCAL AGENCY
FURTHER INFORMATION
Factory
Installed with state of the art plant and equipments including CAC, CNK,
CNC Gear Testers, Trimos, Air Gauges etc, to ensure quality products to
International Standards.
As Per Website Details
Research Development & Manufacturing Corporation (RDMC) was incorporated in August, 1972 with a vision to cater to the needs of the Engineering Sector with a Global Presence in the market. The concern is a leading manufacturer of Precision Gears and Machining Tools made to customer's specifications and requirements.
Mr. J.K. Nahata a technocrat by profession and the founder of RDMC has graduated
in Engineering from Birla Institute of Technology MESRA Ranchi in 1969. He has
had vast experience in the Engineering field and has worked closely with many
industries. He specializes in Heavy
Earth Moving /Machine Tool
Manufacturing / Printing and Compressor Etc., He is assisted by a team of Highly qualified
personnel in the fields of Technical, Commercial, Marketing and CRM.
Since its inception three decades ago, the concern's focus area is in
the manufacture of large size Gear Boxes, Spur and Helical Gears, Worm &
Worm Wheel, Racks and Pinions Internal Gears, Geared Couplings, Sprockets,
Spline Shafts, Internal Splines and all types of Bushes and Shafts. Its emphasis is on quality, competitive pricing
and delivery and it assures you of a reliable supply.
RDMC has gained immense credibility and is associated with Multinational
companies in projects like Caterpillar, Volvo, Greaves, Komatsu. The concern
has set its aim to become an ISO 9001:2000 certified concern, with quality
standards to match the best in the industry.
RDMC is in position today to respond to enquiries, joint ventures and
product development proposals.
RDMC with its three decades of experience in the industry is
"geared" to meet the
challenges of the "millennium".
Plants
CNC- Plant Details
This is a totally automated and precision unit with the manufacture of
highly precisioned turned and machined components. The plant has a capacity of Turning jobs upto 1.8 meters
(1800mm) and can machine jobs of size 1750 X 1350 X 1000. The plant is equipped
with sophisticated quality instruments like The Height Master (Trimos make) and
Co-ordinate Measuring machine (Accurate make).
Plant I CNC
- PLANT
Total Area = 22,000 sq ft
Constructed Area = 15,000 sq
ft
Power = 150 kw
D.G. Set = 250 kw
Plant II
This plant has range of sophisticated machinery like Broching, Spline
Grinding, Thread Grinding, Thread Milling, Boring and a host of Gear Hobbing
Machines. As the machinery suggests, this unit specializes in Thread Cutting and
Thread Grinding, Precision Hobbing on our six axis CNC Hobbing Machine H200 HMT
Make. Broaching for fast production of automobile components. The plant is also
equipped with a full-fledged quality department.
Plant II Total
Area = 22,000 sq ft
Constructed Area = 20,000 sq
ft
Power = 100 kw
D.G. Set = 120 kw
Plant III
This plant is a dedicated Hobbing, Shaping and Shaving unit. The Gears
manufacture ranges from minimum and maximum with highly accurate Gear testing
facilities.
Plant III Total
Area = 16,000 sq ft
Constructed Area = 9,000 sq
ft
Power = 100 kw
D.G. Set = 100 kw
Plant IV
This plant is for high production Turning jobs with machines like
STC - 25, STC - 25 TMC (Turn Mill Center) and a Battery of GDM Machines.
Plant IV Total
Area = 44,000 sq ft
Constructed Area = 10,000 sq
ft
Power = 100 HP
Products
v
Gears
v Spur
v Helical
v Bevel Gear Worm
v Worm Wheel
v Sprockets Rack and Pinion
v Spline Shaft
v Internal Ring Gears.
v
Gear Boxes
v Planetary Gear Boxes
v Helical Gear Boxes Worm
v Worm Wheel Gear Boxes
v All as per Customer Specification Gear Boxes For Wind Mill
v Turbines
v Value Accuaters Cement
v Steel
v Sugar
v Paper Plants
v
Machining
v Fly Wheel Hsg
v Locomotive
v Bull Dozer
v Dumpers
v Excaverts Parts
v
Automobile
v Automotive Gears
v Gear Hsgs For Tractors
v Truck
v Tillers.
v
Printing House
v
M/C of Components For Printing and Compressors.
Clients
Over the years RDMC has built long-standing relationships with various customers who include manufacturers of tractors, earthmoving equipments, heavy commercial vehicles, locomotives, printing machines and textile machinery.
The concern values these relationships with their customers and understands that each one's need is important.
The concern executes the orders knowing that their products work better when delivered.
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 concern 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 concern’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. 42.72 |
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UK Pound |
1 |
Rs. 84.42 |
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Euro |
1 |
Rs. 67.38 |
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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
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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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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