MIRA
INFORM REPORT
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Report Date : |
05.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
K M T ENGINEERS |
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Registered Office : |
# 2436/ 2, Street No. 16, Dashmesh Nagar, Ludhiana, Punjab |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1995 |
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TIN No.: [Tax
Deduction & Collection Account No.] |
*03521017685 |
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PAN No.: [Permanent
Account No.] |
AABFK1896R |
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Legal Form : |
Partnership Concern With an Unlimited Liability of the partners |
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Line of Business : |
Manufacturer and Supplier of Industrial Fasteners. |
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 : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having steady business. Trade
relations are fair. Payments are reported as slow but correct. However, the concern can be considered normal for business dealings at
usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Arvinder Singh |
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Designation: |
Partner |
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Date : |
20.10.2008 |
LOCATIONS
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Registered Office : |
# 2436/ 2, Street No. 16, Dashmesh Nagar, Ludhiana, Punjab, India |
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Tel. No.: |
91-161-2494023/ 5085423 |
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Mobile No.: |
91-9814023423/ 9855023423 |
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Fax No.: |
91-161-2502432 |
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E-Mail : |
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Website : |
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Area : |
3500 sq.ft ( Owned) |
PARTNERS
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Name : |
Mr. Arvinder Singh |
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Designation : |
Partner |
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Date of Birth/Age : |
37 Years |
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Qualification : |
B.E |
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Experience : |
14 Years |
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Name : |
Mr. T.P. Singh |
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Designation : |
Partners |
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Date of Birth/Age : |
34 Years |
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Qualification : |
Graduate |
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Experience : |
11 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Supplier of Industrial Fasteners. |
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Products : |
·
Hex Nuts ·
Lock Nuts ·
Nylon Nuts ·
Slotted Nuts ·
Castle Nuts ·
Hub Nuts ·
Hex Bolts ·
Automotive Bolts ·
Agriculture Parts ·
Round Nuts ·
Tractor and Trailor Parts ·
Wing Nuts |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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No. of Employees : |
35 (10 Permanent, 25 Job Workers) |
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Bankers : |
HDFC Bank Limited, Ludhiana, Punjab, India |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 2.000 Millions |
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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15.000 |
12.000 |
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Profit/Loss for the year |
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12% |
12% |
Expected Sales (2008-09) : Rs. 20.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART
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Parameters |
Details |
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Existence Verification |
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Name |
K M T ENGINEERS |
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Address |
# 2436/ 2, Street No. 16, Dashmesh Nagar, Ludhiana, Punjab, India |
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Phone/ Mobile Numbers |
91-161-2494023/ 5085423 |
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Fax Numbers |
91-161-2502432 |
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Statutory Approvals |
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Legal Status of Firm |
Partnership Concern |
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Income Tax Registration |
AABFK1896R |
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Service Tax Registration |
*03521017685 |
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Name of Bank |
HDFC Bank Limited, Ludhiana, Punjab, India |
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Credibility Factors |
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Years of Establishment |
1995 |
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Turn Over |
Rs. 15.000 Millions |
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Turn Over Year |
2008 |
AS PER WEBSITE
Profile:
They at K.M.T. Engineering are making quality fasteners since
1995 these 10 years, they have strived hard for quality continuously. During
these years, they have spread the roots through out the country, they are
leading manufacturer and supplier of bolts and Nuts of all kinds. Precision
Fasteners both in mild steel, as well in alloy steel confirming to various
National Standards, they also manufacture all type of fasteners according to
the Customer's Requirement.
K.M.T. Engineers is a team which is experienced, skilled and
quality conscious and this team makes it possible to meet customer's needs in
terms of quality standards and delivery schedules, which in turn leads to
customer satisfaction, they haven't lost a single customer, on basis of the
performance. K.M.T Engineering is able to meet any quality and delivery
schedule due to company's Modern Machinery and Qualified Team.
K.M.T has strong infrastructure and reputation in the market
due to its performance, quality and ethics. they believe in planting seeds
rather than saplings. they believe in digging the wall rather than finding one
to quench the thirst.
They are specialist of fasteners industry and they feel that
there is always a scope for improvement and they will strive for that, what is
called a "THE PERFECTION"
They look forward to have the company in the family of elite
customers and consumers.
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.48.62 |
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UK Pound |
1 |
Rs.76.71 |
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Euro |
1 |
Rs.61.30 |
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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