MIRA
INFORM REPORT
|
Report Date : |
30.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
C N R ENGINEERING INDUSTRIES |
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Registered Office : |
S F No. 20, Abbas Garden, Dr. M S Udhya Murthi Nagar, Thadagam Road, Coimbatore
– 641 025, Tamilnadu |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Year of Establishment : |
1990 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturers, Suppliers and Exporters of a huge range of Industrial
lathes, milling and drilling machines. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 20000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed concern meeting its normal
commitments timeously. Trade relations are fair. The concern can be considered good for normal business dealings. |
INFORMATION PARTED
BY
|
Name : |
Miss Suganthi |
|
Designation : |
Receptionist |
|
Contact No.: |
91-422-2405052 / 3216969 |
LOCATIONS
|
Registered Office / Factory : |
S F No. 20, Abbas Garden, Dr. M S Udhya Murthi Nagar, Thadagam Road,
Coimbatore – 641 025, Tamilnadu, India |
|
Tel. No.: |
91-422-2405052/3216969 |
|
Mobile No.: |
91-9994200090 |
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Fax No.: |
91-422-2401803 |
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E-Mail : |
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Website : |
PROPRIETOR
|
Name : |
Mr. G V Ravi Rajan |
|
Designation : |
Proprietor |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers, Suppliers and Exporters of a huge range of Industrial lathes,
milling and drilling machines. |
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|
|
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Products : |
v Corrosion
resistance v Tensile strength v Less maintenance v Increased uptime v Excellent
production capacity v Longer
serviceability v Heavy-duty |
GENERAL
INFORMATION
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No. of Employees : |
Total: 20 (Office:5, Factory:15) |
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Bankers : |
ICICI Bank Limited, Coimbatore |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 5.000 millions |
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Borrowed : |
-- |
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Total : |
Rs. 5.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
31.03.2007 |
|
Sales Turnover |
10.000 millions |
LOCAL AGENCY
FURTHER INFORMATION
Table
|
Parameters |
Details |
|
Existence
Verification |
|
|
Name |
C N R
ENGINEERING INDUSTRIES |
|
Address |
S F No. 20, Abbas Garden, Dr. M S Udhya Murthi Nagar, Thadagam Road,
Coimbatore – 641 025, Tamilnadu, India |
|
Tel No : |
91-422-2405052/
3216969 |
|
Fax No : |
91-422-2401803 |
|
|
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Statutory
Approvals |
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|
Legal Status of
Firm |
Proprietorship
firm |
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Income Tax
Registration |
AEMPR2838H |
|
Central Sales
Tax Registration |
716486 |
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State Sales Tax
Registration |
See vat |
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Service Tax
Registration |
Applied |
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TIN Registration |
TIN –
33886203194 |
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Name of Bank |
ICICI Bank |
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Credibility
Factors |
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India Mart
Client Since |
2 Years |
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Year of
Establishment |
1990 |
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Trade
Affiliations |
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SSI Registration |
YES |
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Export Promotion
Council |
No |
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Chambers of
Commerce Membership |
No |
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D and B D-U-N-S
Number |
No |
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Govt. Recognised
Export House Status |
No |
Profile:
The firm was established in the year 1990 by Mr.
G N Ravi Rajan. They are foremost manufacturers, suppliers and exporters of a
huge range of industrial lathes, milling and drilling machines. The machines
are available in automated as well as conventional designs. Their precision
engineered machinery and equipments are used in different types of fabricating
and allied industries all over the world.
Business:
They deal in a wide range of industrial
machines and allied equipments that are rated among best in the global arena.
They use various grades of metal alloys and other allied material to
manufacture their durable products. They specialize in rigid and sturdy Capstan
Lathe, Drilling Machine D 13, Drilling Machine D30, Automat A-25, Drilling
Machine D20, Drilling cum Milling Machine CNR32/76, Drilling Machine D40,
Capstan Lathe Mini craft-20 and many more.
Industries
v Chemical Industry
v Pharmaceutical Industry
v Textile Industry
v Automobile Industry
v Packing Industry
v Food Industry
v Oil; Industry
v Cement Industry
v Foundries
v Petrochemicals Industry
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. 42.77 |
|
UK Pound |
1 |
Rs. 84.33 |
|
Euro |
1 |
Rs. 66.65 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
|
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
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 |
|
TOTAL |
|
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
|
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 |
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