MIRA
INFORM REPORT
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Report Date : |
06.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ESCORTS
CONSTRUCTION EQUIPMENT LIMITED |
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Registered Office : |
11, Scindia
House, Connaught Circus, New Delhi – 110 001. |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
17.02.1994 |
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Com. Reg. No.: |
05-57458 |
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CIN No.: [Company
Identification No.] |
U74899DL1994PTC057458 |
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IEC No.: |
0595009123 |
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Legal Form : |
A Closely Held Public
Limited Liability company. The company is a subsidiary of Escorts Limited |
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Line of Business : |
Manufacturing of
Pick-n-carry Craves, Hydraulic Mobile Craves, Vibratory Compactors for Sail
Asphalt Tandems Rollers, Slew Craves and Forklifts |
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 3298292 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an old
and established company and a part of Escorts group. The company has turned the
corner and wiped-off all its previous losses during the year 2006-07. Trade
relations are fair. Payments are however reported as slow but correct. The company can
be considered normal for business dealings at usual trade terms and
conditions. |
LOCATIONS
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Registered
Office : |
11, Scindia
House, Connaught Circus, New Delhi – 110 001, India |
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Tel. No.: |
91-129-2268152 /
23358021 / 23351336 / 23353176 / 20064298 |
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Fax No.: |
91-129-2268152 |
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Email : |
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Website: |
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Factory : |
Plot No. 2,
Sector 13, Faridabad – 121 001, Haryana, INDIA |
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Tel. No.: |
91-129-5283073,/5286694/
5290793/ 5223561/ 5223562/ 5284810/ 2268152 |
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Fax No.: |
91-129-5283065/
5261323 / 2268152 |
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E-Mail : |
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Area : |
Leased |
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Branch : |
Located at :
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DIRECTORS
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Name : |
Mr. Rajan
Harprasad Nanda |
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Designation : |
Chairman |
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Address : |
2, Friends Colony
(West), New Delhi-110065, India |
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Date of
Birth/Age : |
15.10.1942 |
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Date of
Appointment : |
17.02.1994 |
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Name : |
Mrs. Ritu Nanda |
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Designation : |
Director |
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Address : |
2, Friends Colony
(West), New Delhi-110065, India. |
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Date of
Birth/Age : |
30.10.1948 |
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Date of
Appointment : |
10.04.1997 |
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Name : |
Mr. Vinod Ahuja |
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Designation : |
Executive
Director |
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Address : |
B- 52-B, Gangotri,
Enclave, Alaknanda, New Delhi-110019, India |
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Date of
Birth/Age : |
27.12.1950 |
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Date of
Appointment : |
30.06.2004 |
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Name : |
Mr. Sriram
Khattar |
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Designation : |
Director |
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Address : |
15/5, Mathura Road,
Faridabad – 121003, Haryana, India |
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Date of
Birth/Age : |
26.12.1957 |
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Date of
Appointment : |
20.07.2000 |
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Date of
Ceasing : |
29.09.2005 |
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Name : |
Mr. Vijay Thacker |
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Designation : |
Director |
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Address : |
1105, Embassy Center,
Nariman Point, Mumbai-400021, Maharashtra, India |
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Date of
Birth/Age : |
21.06.1960 |
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Date of
Appointment : |
29.03.2004 |
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Name : |
Mr. .Nikhil Nanda |
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Designation : |
Director |
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Address : |
2, Friends Colony
(West), New Delhi-110065, India. |
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Date of
Birth/Age : |
18.03.1974 |
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Date of
Appointment : |
30.06.2004 |
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Name : |
Mr. Shailendra
Tandon |
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Designation : |
Director |
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Address : |
S-79, 1st Floor, Panchsheel Park, New Delhi – 110017,
India |
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Date of
Birth/Age : |
26.02.1956 |
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Date of
Appointment : |
28.09.2007 |
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Name : |
Mr. Rakesh Kumar
Budhiraja |
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Designation : |
Director |
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Address : |
A-67, Ashok Vihar
Phase I, Delhi – 110052, India |
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Date of
Birth/Age : |
18.04.1955 |
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Date of
Appointment : |
28.09.2007 |
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Name : |
Mrs. Deepa
Sankaran |
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Designation : |
Director |
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Address : |
42,
Srinivasapuram Thiruvanmiyur, Chenni – 600041, Tamilnadu, India |
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Date of
Birth/Age : |
17.11.1968 |
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Date of
Appointment : |
28.09.2007 |
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Name : |
Mr. Kamal Bali |
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Designation : |
Director |
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Address : |
Plot No.72,
Sipcot Industrial Complex, Ranipat Vellore – 632403, Tamilnadu, India |
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Date of
Birth/Age : |
09.01.1959 |
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Date of
Appointment : |
28.09.2007 |
KEY EXECUTIVES
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Name
: |
Mr. Vikram Sharma |
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Designation : |
Chief Executive Officer |
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Age: |
52 years |
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Qualification: |
B. Tech. |
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Experience: |
29 years |
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Date of
Joining: |
10th June, 2000 |
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Previous
Employment: |
Escorts Yamaha Motors Limited |
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Name : |
Mr. Raman Sharma |
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Designation : |
Executive Director |
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Age: |
46 years |
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Qualification: |
B. Tech., PGDBA |
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Experience: |
23 years |
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Date of
Joining : |
9th August, 1999 |
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Previous
Employment : |
J. K. Industries Limited |
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Name : |
Mr. Pankajrai S. Mittal |
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Designation : |
Finance Controller |
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Name : |
Mr. Rajeev Sharma |
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Designation : |
Company Secretary |
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Address : |
1st Floor, 60-61, Pocket – G/2, Sector 16, Rohini, New
Delhi – 110085, India |
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Date of
Birth/Age : |
30.10.1973 |
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Date of
Appointment : |
11.09.2006 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Category |
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Percentage |
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Bodies Corporate (not mentioned above) |
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99.99 |
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Others |
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0.01 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Pick-n-carry
Craves, Hydraulic Mobile Craves, Vibratory Compactors for Sail Asphalt
Tandems Rollers, Slew Craves and Forklifts |
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Products : |
Cranes on Tyres Front End Shovel Loaders |
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Agencies Held : |
MATERIAL HANDLING EQUIPMENTS
ROAD CONSTRUCTIONS
EQUIPMENTS
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
L/C and Credit
(30 day) |
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Purchasing : |
L/C and Credit
(60/90 day) |
PRODUCTION STATUS
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Particulars |
Installed
Capacity |
Actual
Production |
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Cranes |
1000 |
1138 |
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Loaders and Road Compaction
Eq. Pt. |
450 |
159 |
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Total |
1450 |
1295 |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
296 (Office 79, Factory 172 and Branch 45) |
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Bankers : |
Corporation
Banking Branch, 16 Sansad Marg, New Delhi – 110001, India
International
Trade Tower, F Block, Gorund Floor, Nehru Place, New Delhi – 110019, India
Statesman House, Barakhamba
Road, New Delhi – 110001, India |
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Financial
Institutions : |
IL and FS
Financial Centre, Plot No. C22, G Block, Bandra Kurla Complex, Bandra (West),
Mumbai – 400051, Maharashtra, India |
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Facilities : |
The concern enjoy
credit limit from its Bankers :
The company
enjoys mortgage facilities of Rs. 440.000 millions from IL and FS Trust
Company Limited dated 10.04.2007. |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
S. N. Dhawan and
Company Chartered
Accountants |
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Address : |
C-37, Connaught
Place, New Delhi – 110 001, India |
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Tel. No.: |
91-11-23416322 /
23417564 |
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Fax No.: |
91-11-23415021 |
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E-Mail : |
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Associates/Subsidiaries : |
(Formerly
Escorted Telecommunication Limited) |
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Holding Company : |
Escorts Limited |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
119000000 |
Equity Shares |
Rs. 10/- each |
Rs.1190.000 Millions |
|
31000000 |
Preference Shares |
Rs. 10/- each |
Rs.310.000 Millions |
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Total |
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Rs.1500.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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40000000 |
Equity Shares |
Rs. 10/- each |
Rs. 400.000 millions |
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31000000 |
Preference Shares |
Rs. 10/- each |
Rs. 310.000 millions |
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Total |
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Rs. 710.000millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
710.000 |
710.000 |
710.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
114.573 |
0.000 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
(69.478) |
(225.306) |
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NETWORTH |
824.573 |
640.522 |
484.694 |
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LOAN FUNDS |
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1] Secured Loans |
97.918 |
94.262 |
115.340 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.559 |
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TOTAL BORROWING |
97.918 |
94.262 |
115.899 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
922.491 |
734.784 |
600.593 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
172.924 |
175.335 |
172.948 |
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Capital work-in-progress |
3.756 |
0.000 |
0.000 |
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INVESTMENT |
0.140 |
0.140 |
0.140 |
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DEFERREX TAX ASSETS |
30.040 |
45.608 |
131.048 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
567.051
|
425.944
|
254.717
|
|
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Sundry Debtors |
769.138
|
552.357
|
387.712
|
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Cash & Bank Balances |
103.099
|
61.064
|
76.833
|
|
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Other Current Assets |
0.000
|
0.000 |
0.000 |
|
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Loans & Advances |
215.434
|
110.911
|
65.186
|
|
Total
Current Assets |
1654.722
|
1150.276 |
784.448 |
|
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
891.079
|
628.242
|
489.215
|
|
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Provisions |
50.460
|
11.510
|
6.390
|
|
Total
Current Liabilities |
941.539
|
639.752 |
495.605 |
|
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Net Current Assets |
713.183
|
510.524
|
288.843
|
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MISCELLANEOUS EXPENSES |
2.448 |
3.177 |
7.614 |
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TOTAL |
922.491 |
734.784 |
600.593 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
3599.674 |
3171.800 |
1775.600 |
|
|
Other Income |
45.941 |
0.000 |
0.000 |
|
|
Total Income |
3645.615 |
3171.800 |
1775.600 |
|
|
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|
|
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|
Profit/(Loss) Before Tax |
265.829 |
267.600 |
49.800 |
|
|
Provision for Taxation |
184.051 |
111.800 |
128.200 |
|
|
Profit/(Loss) After Tax |
81.778 |
155.800 |
178.000 |
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Export Value |
NA |
34.777 |
14.871 |
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Import Value |
NA |
200.975 |
134.040 |
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Expenditures : |
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Raw Material Consumed |
2511.495 |
1883.066 |
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Purchases made for re-sale |
0.000 |
0.000 |
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|
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Consumption of stores and spares parts |
18.648 |
13.031 |
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|
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Increase/(Decrease) in Finished Goods |
233.293 |
116.767 |
|
|
|
Salaries, Wages, Bonus, etc. |
109.868 |
84.244 |
|
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|
Managerial Remuneration |
0.000 |
379.111 |
1725.800 |
|
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Payment to Auditors |
1.717 |
0.400 |
|
|
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Interest |
12.250 |
11.823 |
|
|
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Insurance Expenses |
3.387 |
1.111 |
|
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Power & Fuel |
12.391 |
10.369 |
|
|
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Depreciation & Amortization |
13.385 |
12.641 |
|
|
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Other Expenditure |
463.348 |
391.637 |
|
|
|
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|
|
|
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Total Expenditure |
3379.786 |
2904.200 |
1725.800 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
2.24
|
4.91 |
10.02 |
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|
Net Profit Margin (PBT/Sales) |
(%) |
7.38
|
8.43 |
2.80 |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.54
|
0.20 |
4.81 |
|
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.44
|
0.00 |
0.10 |
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|
Debt Equity Ratio (Total Liability/Networth) |
|
1.26
|
2.14 |
1.68 |
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|
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|
Current Ratio (Current Asset/Current Liability) |
|
1.76
|
1.80 |
1.58 |
LOCAL AGENCY
FURTHER INFORMATION
Profile:
- Subject is a fully owned subsidiary of
Escorts Ltd, and belongs to one of the India's largest multiproduct engineering
groups, with group sales turnover exceeding US $ 900 Million.
- Subject is the largest Pick 'n' Carry
manufacturer in the world.
- Subject has a strong presence in
subcontinental countries, Middle East and Africa
- Subject was the first to introduce the
concept of DEALERSHIPS in the Indian Construction Equipment Industry.
- Subjects clearly your best escort to
the world of Construction and material Handling.
- Besides Pick and Carry, ECEL is a
leading manufacturer of Vibratory soil compactors, forklifts, hydraulic RT
slew Cranes, Yards, Truck Loaders and Tower Cranes
MILESTONES:
1970 : “Yellow
Line” Construction Equipment Department (predecessor of
Escorts Construction Equipment Limited) formed.
1971 : Hydraulic
mobile Pick-n-Carry crane
Front
End Loader
1983 : Rough
Terrain Hydraulic mobile crane
1987 : Vibratory
Roller 10T Class
1995 : Escorts
Fassi Articulated Boom Cranes (1.72 Tm – 78 Tm)
Escorts Daewoo Fork Lift
Trucks (2T to 15T)
1996 : Escorts
JLG Aerial Work Platforms (15 feet to 150 feet)
v Telescopic Boom Lifts
v Articulated Boom Lifts
v Scissor Lifts and Personnel Lifts
1997 : Escorts
Franna All Terrain PNC crane
1999 : Escorts
K10
The
Next Generation Pick-N-Carry Crane
2000 : Escorts
– Hamm HD-85,
Tandem
Vibratory Roller
2001 : Escorts-M.-1000
Sugar Cane Loader
Form 8:
|
Corporate
identity number (CIN) Foreign company registration number |
U74899DL1994PTC057458 |
|
Name of the
Company |
ESCORTS
CONSTRUCTION EQUIPMENT LIMITED |
|
Address |
11, Scindia House,
Connaught Circus, New Delhi – 110 001, India |
|
This form is for |
Modification of
charge |
|
Type of Charge |
Immovable Property Movable Property (not being pledge) Stocks, Book Debts, Current Assets and Fixed Assets |
|
Particulars of the
charge holder |
Indusind Bank
Limited 28, Gopal Dass
Bhawan, Barakhamba Road, New Delhi – 110001, India L65191MH1994PLC076333 |
|
Nature or
description of the instrument(s) creating or modifying the charge |
Letter from
Company Dated 29.01.2008 |
|
Date of the
instrument creating or modifying the charge |
29.01.2008 |
|
Amount secured by
the charge |
Rs.200.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of
Interests: Interest as per
loan agreements and Bank norms from time to time Terms of
repayment: Repayment as per
Bank Norms Margin: Margin as per
Bank Norms Extent and
operation of the charge: The charge
operates as continuing security inter alia, for the due repayment by the
company to the Bank to the extent of Rs.200.000 Millions together with
interest additional interest, liquidated damages, premia on repayment costs,
charges, expenses and all other moneys payable by the company to the Bank in
terms of the loan agreements and Bank norms from time to time. |
|
Short particulars
of the property charged (including location of the property) |
First
Hypothecation charge on stocks including RM, WIP, FG Trade item and Book
Debts and other Current assets on pari passu basis and second P/P charge on
gross block of fixed assets of the company including plant and machinery is
to secure the CC limit Rs.100.000 Millions and LC limit Rs.100.000 Millions
(Guarantee Limit Rs.35.000 Millions) aggregating to Rs.200.000 Millions
Sanctioned to the company. Secound parri
Passu charge on the immovable fixed assets of the company. |
|
Particular of the
present modification |
The Secured shall
additionally secured by second pari passu charge on the immovable property of
the company other things and clauses will remain the same. |
|
Corporation
identity number (CIN) or foreign company registrations number of the
company |
U74899DL1994PTC057458 |
|
Name of the
company |
ESCORTS
CONSTRUCTION EQUIPMENT LIMITED |
|
Address |
11, Scindia
House, Connaught Circus, New Delhi – 110 001, India |
|
This Form is for |
Modification of
charge |
|
Type of Charges |
Book Debts Corporate
Gurantee |
|
Particular of the
charge holder |
Axis Bank Limited
Statesman House,
Barakhamba Road, New Delhi – 110001, India |
|
Nature or
description of the instrument creating charge |
Letter of
modification of charge dated 19.02.2007 |
|
Date of the
instrument creating charge |
19.02.2007 |
|
Amount Secure by
the charge |
Rs. 713.800
millions |
|
Brief of the
principal terms and conditions and extent and operation of the charge |
Rate of Interest
: Not Applicable Terms of
Repayments : Bullet Repayments
in January 2010 Margin : Not Applicable Extent and
operation of the charge : Not
Applicable |
|
Short particular
of the property charge (including location of the property) |
Subservient
charge on movable fixed assets and current assets |
|
Particular of the
present modification |
Substitution of
the security stipulation of second changed on the movable fixed assets and
current assets of the company with subservient charge on the movable fixed
assets and current assets of the company.
|
|
Name of the company |
ESCORTS CONSTRUCTION EQUIPMENT LIMITED |
|
Presented By |
UTI Bank Limited, Barakhamba Road, New Delhi, India |
|
1) Date and description of instrument creating the change |
Deed of hypothecation (current assets, movable property and receivables) dated 23.03.2005 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 713.800 millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation by way of second charge on all the stock in trade both present and future consisting of stock including raw materials, stock in process, cash and other current assets whatsoever both present and future being movable properties of ECEL now or at any time hereafter belonging to the ECEL or at any disposal and or at any time and from time to time hereafter stored or to be stored or bought into upon or in course of transit to ECEL’s factory or premises or any other place, outstanding monies, receivables claims, bills, which are now due and owing or may at any time hereafter during the continuance of this security become due and own to the ECEL in the course of business by any person, firms, company or body corporate or by the Government Department body or authority or any body corporate or undertaken project whatsoever Hypothecation by way of second charge on all the plant and machinery fixtures implements, fittings and other installations, furniture, vehicles, computers and articles, equipments, things and all other movable both present and future whether installed and or fastened to the earth or not whether lying loose or in cases at site transits or which may at any time hereafter during the continuance of this security installed or lying loose or in case of being in or upon or about the ECEL;s factory premises warehouses and godowns of ECEL or wherever else. The Corporate Guarantee has been given to UTI Bank Limite, Barakhamba Road, New Delhi, India for the sanction term loan of Rs. 713.800 millions to Idea Motorola Communication Limited. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Payable on demand |
|
5) Name and Address and description of the person entitled to the charge. |
Axis Bank Limited Statesman House, Barakhamba Road, New Delhi – 110001, India |
|
6) Date and brief description of instrument modifying the charge |
N A |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
N A |
Trade Reference:
- Rajdoot Enterprises, Visakhapatnam
- Unicom Distributors, Mumbai
- TVS Sundram Iyengar and Sons Limited,
Chennai
- Daewoo Heavy Industries
- Fassi Gru Italy.
- Pneumatic Tahdeur Rollers
DEALERS
WEST
Asian Engineering Sales
Corporation
157/D/4, Jhamtani Chambers,
Opp. KSB Pumps Limited, Pimpri, Pune 411 118
Ph : 91-20-2776478, 2773074, 2771733
Fax : 91-20-2774118
Email : xavier@asiansales.xeepnq.xccmail.com
Contact Person: Mr. Xavier Joseph
Garuda Sales and Service
Rajendra Nagar Chowk, Link Road
Above Hero Honda Show Room
Bilaspur 495 001
Bhandari
Technotrade Private Limited
Rampurawala Bldg, 71 M.G. Road
Indore 452 007 (MP)
Ph : 91-731-2533445, 2538547
Fax : 91-731-2434757
Contact Person: Mr. Nitin Bhandari
B.B. Nigade and
Sons
Nigade Garrage, NH-4,
Sarnobatwadi
Kolhapur 416 009.
Ph : 91-231-2521043
Fax : 91-231-521824
Cosfield Sales
and Service
120 Mount Road, Sadar, Nagpur 440
001
Ph: 91-712-2528540, 2534291, 2531027
Fax: 91-712-2548430, 2531027
Contact Person: Mr. Pramod Singh
Jamwal, Mr.Anil Taneja
Khadilkar Sales and
Services Limited
Mr. Panigrahi
Tel : 91-265-2430081
Khadilkar
Sales and Services Limited
Mr. Vinayak Joshi
Ph: 91-261-2871806
Rajiv
Enterprises Private Limited
Rajiv House, 4, Smrutikunj, Nr.
Navrangpura P.O.
Navrangpura, Ahmedabad 380 009
Ph : 91-79-26568571, 26568574
Fax 91-79-26423595
Email: rajiv@rajivgrp.xeeahm.xemail.ems.vsnl.net.in
Contact Person: Mr. Rajiv Vastupal,
Mr. Narendra Nainani
Khadilkar Sales and Services Limited
Parth Complex, Moti Khawdi, Nr. Rly
Crossing,
P.O. Digvijaygram, Jamnagar 361 008
Ph: 91-288-244350
Contact Person: Mr. Khanjan Antani,
91-288-274064 ®
Pratik Diesels
194-D, Gaiwadi, Girgaum Road
Mumbai 400 004
Ph : 91-22-23802036, 23826211,
23824236 (O)
Fax : 91-22-23850460, 2864645
Contact Person: Mr. Pratik Shah,
Mr.Bharat Shah
Rajat
Enterprises
Naveen Bazar, Raipur 492 001 (Mp)
Ph : 91-771-2536771, 2536180,
2536733 (O)
Fax : 91-771-2536157
Contact Person: Mr. Mahavir Golecha
United Prospects
Private Limited
Near Datta Mandir
Toleband Evorlim Novelim Salcete
Margoa, Goa 403 707
Ph : 91-2834-2733522, 2731745 Fax :
91-834-2733521
Contact Person: Mr. Damodar Thakur,
Mr. Srikant Desai
EAST
ABC Trading
Private Limited
308, Sumati Complex
Boring Road, Patna 800 001
Ph : 91-612- 23263 ® Fax :
91-612-229159
Contact Person: Mr. V.K.Sahay
Chand Agencies
Chand Villa, Bank Area
Jamshedpur 831 001
Ph : 91-657-2425960 (O) 2425960 ®
Fax : 91-657-2425960
Contact Person: Mr. S.K.Chand, Mr
Rakesh Chand
Dhanbad Tractors
and Automobiles
Shastri Nagar, Dhanbad 826 001
Ph : 91-326-2307318 (O) 2302310,2305749
® Fax : 91-326-2307318
Contact Person: Mr. M.D. Poddar
Essem Tekno
Services Private Limited
Regd Off: 85, Elliot Road (3rd
Floor)
Calcutta 700 016
Ph : 91-33-2291620 Fax :
91-33-2294347
Contact Person: Mr. S. Sen, Mr.R.
Sen
Kasi Equipments
No. 26, Forest Park, Bhubneshwar 751
009
Ph : 91-674-2538695, 2531984 (O)
2413093 (D) Fax : 91-674-2531168
Email: ksspl@cal2.vsnl.net.in
Contact Person: Mr. Sunil Taneja,
Mr. A. Mishra
Kasi Equipments
N-18, Civil Township, Rourkela 769
004
Ph : 91-661-2505650
Kasi Equipments
Hotel Ganapathy, Po Kulad, Fci Road,
Naclo Nagar 759 122 , Angul, Orissa
Ph: 91-6760-220026
Fax : 91-6760-20464
B.R. Enterprises
26, Srimanta Market
A.T. Road, Guwahati 781 001
Ph :91-361-2523966
Contact Person: Mr. Ranjit Budhia,
Mr. G.S.Agarwal
SOUTH
Stellas
Engineers Private Limited
N7 & N13, Unity Buildings
J.C. Road, Bangalore 560 002
Ph : 91-80-2211722, 2274020
Fax : 91-80-2274325
Contact Person: Mr. P.S. Nathan
Karnataka Construction
Equipments
Opp. Head Post Office, Station Road
Bijapur 586 101
Ph: 257516, 250216 (O) 250912 ® Fax
: 252216
Contact Person: Mr. J.N. Joshi, Mr.
P.J.Joshi
Meena
Engineering Equipments Private Limited
No. 106, Chenoy Trade Centre
Parklane Road, Secunderabad 500 003
Ph : 91-40-27844955, 27869365 (O)
Fax : 91-40-27844955
Contact Person: Mr. C.B. Viswanathan
Rajdoot
Enterprises
Harbour Approach Road
Visakhapatnam 530 001
Ph : 91-891-2563235, 2508616
Fax : 91-891-2560052
Contact Person: Mr. A.H.N. Venkat
Rao
Shan Ani Pro
Services
230, Indira Nagar
Neyveli 607 801, Tamil Nadu
Ph : 91-4142-254516
Fax: 91-4142-254770
Contact Person: Mr. Lalit Loothra,
Mr.C.D.P.Kumar
Sundaram Motors
25, Ganapathy Colony, Opp. Cenotaph
Road
Teynampet, Chennai 600 018
Ph: 91-44-24362385 (O)
Fax : 91-44-24322753
Contact Person: Mr. H.J. Iyer
T.V. Sundaram
Iyengar and Sons Limited
Post Box No. 21,211,South Veli
Street
Madurai 625 001
Ph : 91-452-2628110 - 4, 232177
Fax: 91-452-2628118
Contact Person: Mr.S.Kannan
Karnataka
Construction Equipments
H.No. 1052 "Shrinivas
Nilay"
3rd Cross, Mrutyunjay
Nagar
Hospet 583 203
NORTH
Anand
Automobiles
152, Civil Lines, Chowki Chauraha
Bareilly 243 001
Ph : 91-581-2479829, 2470503
Fax : 91-581-2479829
Contact Person: Mr.Sanjay Anand
A Automovers
Private Limited
27/2 B.N. Road, Lucknow 226 001
Ph : 91-522-23318202, 2217146,
2216395
Fax : 91-522-2217146
Contact Person: Mr.B.S.Talwar
Agarwal
Enterprises
2, Sardar Patel Marg,
Civil Lines, Allahabad
Ph : 91-532-2624938, 2624924, 420653,
2624398
Fax : 91-532-2420652
Contact Person: Mr. Naveen Chanda
Hi Tech
Automobiles
117/H-2/206, Pandu Nagar
Kanpur 208 005
Ph : 91-512-2213268 (O); 2219844 ®
Contact Person: Mr. Avinash Chadha
Drillcon (Raj)
Private Limited
12a, Ambamata Scheme
Opp. Dig Resience, Udaipur 313 001, Rajasthan
Ph : 91-294-2524670, 2523976,
2522462
Fax : 91-294-2523876
Contact Person: Mr. Praful Mehta
Goel Motors
Ranipur More, Goel Motors Buildings
Haridwar (UP)
Ph : 91-133-2427072
Fax : 91-133-2416993
Contact Person: Mr. Sandeep Goel
M.K. Associates
Main Road, Morwan, Singrauli 486
890, UP.
Ph : 91-7805-267021
Fax : 91-7805-266658,267021
Contact Person: Mr.Mohan Bhutani,
Mr.Pankaj Bhutani
Spark Engines
Private Limited
H.O. SCF. 366, New Motor Market
Mansa Devi Road, Manimajra
Chandigarh 160 101
Ph : 91-172-2553066
Fax :91-72-26730961
Contact Person: Mr. A.K. Grover, Mr. P.K.Verma
Tractor and
Machinery Corporation
Opp. Roadways Bus Stand
Station Road, Jaipur 302 006 (Raj)
Ph : 91-141-2366980, 2360829,
2369584
Fax : 91-141-2379093
Contact Person: Mr. Mahendra
Agarwal, Mr.D.Kumar
Sabharwal Auto
Stores
G.T. Road, Distt. Fetehgarh
Mandi Gobindgarh 147 301
Ph : 91-1765-256569/256083 (O)
Fax :91-1765-256083
Contact Person: Mr. Bansi Lal, Mr. Roshan
Lal
Prakash Motors
1, Prakash Enclave
Agra Mathura Bye Pass Road
Agra 282 005, UP.
Ph : 91-562-250211, 2350480
Fax : 91-562-2350914
Contact Person: Mr. Navneet Bansal
Tractor and
Machinery Corporation
Khandelwal Charity Trust Bhawan
Kotri Chouraha
Kota 324 007 Ph: 91-774-220860
INTERNATIONAL
DEALERS
- Paka Overseas
13/42 Kreishna Galli, Lalitpur, GPO Box 2743
Kathmandu, Nepal
Tel 520302/3 Fax 977-1-526670/526529
E Mail: paka@mos.com.np
Contact Person: Mr.Badri K. Shrestha
- Morang Auto Works
Engineering Division
Ka 1/318, Tripureshwar, Teku Road,
P:O Box 1452, Kathmandu, Nepal
Phone 261160/261847 Fax 977 1 258935
E Mail : mawnepal@ccsl.com.np
Contact person Mr. Vishnu Agarwal/Mr. Ganesh Raghavan
- Dax Engineering Company Private Limited
97, Galle Road Colombo 3
Sri Lanka
Tel 0094 1 4455585/448527
Contact Persons : Mr. S.S. Wijayasinghe, Chairman
- Saif Powertec Corporation
873 Outer Circular Road, First floor
South Shajahanpur
Dhaka 1217, Bangladesh
Tel 00 880 2 9335723/9350081 Fax 880 2 83 53 29
E Mail : saifop@bdmail.net
- Darwish Bin Ahmed and Sons
PO Box 28883
Abu Dhabi U.A.E.
Tel 02 5884800, Fax 02 5882242
E mail mandb@emireates.net.ae
Contact person : Mr. Ram Mohan
- Arabian Engineering Services LLC
PO Box 3168, Ruwi, Area Code 112
Sultanate of Oman
Tel 00 968 594702/Fax 561631
Contact Person : Mr. S.Nagarajan, Construction Equipment Division
- A Holdings
(Pty) Limited
Crn Director Road and Green
Avenue, Aeroport
Spartan Ext.2, PO Box 600,
Kempton Park 16, South Africa
Tel 011 9294602/Fax 9294622
E Mail: group600@iafrica.com
Contact Person: Mr. Max Sheehan
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.42.86 |
|
UK Pound |
1 |
Rs.83.58 |
|
Euro |
1 |
Rs.66.17 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
51 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|