MIRA
INFORM REPORT
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Report Date : |
29.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
TOOL TECH SPM |
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Registered Office : |
G-14, MIDC, Chikalthana, Opposite International Conveyors Limited, Aurangabad
– 431210, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2001 |
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PAN No.: [Permanent
Account No.] |
AIBPB1666N |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Press Tools. |
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 10000 |
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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 small but well established concern. It’s trade relations
are fair. Payments are usually correct and as per commitments. Nothing
adverse reported. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Santosh Balchandran |
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Designation : |
Proprietor |
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Date : |
28.07.2008 |
LOCATIONS
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Registered Office : |
G-14, MIDC, Chikalthana, Opposite International Conveyors Limited, Aurangabad
– 431210, Maharashtra, India |
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Tel. No.: |
91-240-2474547 |
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Mobile No.: |
91-9822021897 |
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E-Mail : |
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Website : |
www.tooltechspm.com |
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Area : |
11000 sq fts. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Santosh Balchandran |
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Designation : |
Proprietor |
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Date of Birth/Age : |
33 years |
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Qualification : |
Diploma In Mechanical Engineering |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Press Tools. |
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Products : |
v
Shot Filling and
Bush Ramming v
Hydraulic
Operated Roll Forming Machine v
Linear and
Radial Tig Or Mig Welding Machine v
Buffing and
Polishing Machine v
Dispensing Unit v
Centrifugation Unit v
Complete
Solution For Silencer |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL
INFORMATION
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Customers : |
v High Technology Transmission System India Private Limited (Aurangabad ) v Endurance System India Private Limited (Aurangabad ) v Verroc Group. v Amit Engineering. v Creative Tool and Press Component. (Aurangabad , Pune ) v Badve Group of Industries. (Aurangabad, Pune ) v Laxmi Group of Industries. (Aurangabad, Nashik ) v Yougma Impression. (Aurangabad ) v Manoher Industries. (Aurangabad ) v Braint Industries. (UAE ) v Nyaka Steel (Private) Limited (Mumbai) v Anurang engineering (Aurangabad and Pune) v Aurangabad Electrical Private Limited Aurangabad Motor Private Limited v
Global Industries (Mumbai ) v Rucha Group of Industries Private Limited |
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No. of Employees : |
24 |
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Bankers : |
v Kotak Mahindra, Aurangabad v Saraswat Bank,
Aurangabad v Devgiri Nagrik
Co- operative Bank, Aurangabad |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Sherkar and Company (Chartered Accountant) |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.000 Millions (Estimated) |
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Borrowed : |
0.000 |
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Total : |
Rs. 2.000 Millions (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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15.000 |
Expected Sales (2008-09) : Rs. 22.500 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance
Chart
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Existence
Verification |
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Name |
TOOL TECH SPM |
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Statutory
Approvals |
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Income Tax Registration |
AIBPB1666N |
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VAT/ TIN Registration |
27460403894V 01.04.2006 |
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Excise Registration |
AIBPB1666NXM001 |
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Name of Bank |
Saraswat Bank, Aurangabad |
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Current Account Number |
369 |
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Account Since |
5 years |
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Trade
Affiliations |
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SSI Registration |
110422192 06.03.2004 |
Profile:-
Subject is one of the few companies who was offers very wide range of machines for welding , hydraulic,
pneumatic and automation established
since from 2001 with well past experience to develop various types of machines
like hydraulic pneumatic welding with automation.
Group Companies
Accurate Enterprises ( Aurangabad )
Quality system and Operational system
Their products having quality precision and full automation with plc
programming
Tool Tech Advantage
Commitment to provide complete package solution comprising of the machine, the
process know how, the tool.
Appropriate level of technology at affordable prices:
To Increase Productivity
To Improve Quality Of Product
To Achieve Consistent And Guaranteed Results
To Eliminate Operator Skill
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.42.30 |
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UK Pound |
1 |
Rs.84.03 |
|
Euro |
1 |
Rs.66.42 |
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 |
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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46 |
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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