MIRA
INFORM REPORT
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Report Date : |
14.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
ANMOL AUTO ELECTRICALS |
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Registered Office : |
23 B/17 Industrial Area, Dhanda Complex, Faridabad – 121 007, Haryana |
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Country : |
India |
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Financials (as on) : |
31.03.2008 (Estimated) |
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Year of Establishment : |
1996 |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Manufacturer and Exporter of Auto Electrical Components. |
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 25000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow by average 45 days |
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Litigation : |
Clear |
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Comments : |
Mr. Baljit Singh, partner of the concern remained non – co-operative
during current investigation. Hence, this report is based on indirect sources
or secondary sources of information. Subject is an old established concern having satisfactory track. Trade
relations are fair. Payments are slow by average 45 days. However, the concern can be considered for normal business dealings at
usual trade terms and conditions with slight caution in absence of
non-co-operation from the management and non –availability of latest
financials details. |
INFORMATION
DECLINED BY
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Name : |
Mr. Baljit Singh |
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Designation : |
Partner |
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Date : |
10.11.2008 |
LOCATIONS
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Registered Office/ Factory / Head Office : |
23-B/17, Industrial Area, Dhanda Complex, N.I.T. Faridabad
- 121001. India |
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Tel. No.: |
91-129-4025003 / 4025004 |
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Fax No.: |
91-129-4024005 |
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E-Mail: |
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Area : |
2500 Sq.fts |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Baljit Singh |
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Designation : |
Partner |
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Mobile No.: |
91-9810407238 |
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Name : |
Mr. Amar Singh |
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Designation : |
Partner |
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Date of Birth/Age : |
1964 |
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Qualification : |
Graduate |
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Experience : |
25 years |
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Mobile No.: |
91-9810286003 |
KEY EXECUTIVES
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Name : |
Mr. Ami Panda |
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Designation : |
Vice President Marketing |
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Mobile No.: |
91-9810441775 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Auto Electrical Components. |
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Products : |
·
SM12001
STARTER MOTOR ·
CBH26031
STARTER MOTOR ·
DA17057
DRIVE ASSY. ·
DYE1022
DYNAMO ·
SSB33020
SOLENOID SWITCHES ·
CE1000 |
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Exports : |
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Products : |
Auto Parts |
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Countries : |
UK, USa, France, South
Africa |
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Imports : |
Subject do not import |
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Terms : |
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Selling : |
L/C |
GENERAL
INFORMATION
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No. of Employees : |
112 |
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Bankers : |
State Bank of Bikaner and Jaipur, Bata Road, Faridabad, Haryana,
India |
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Banking
Relations : |
---- |
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Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 5.000 millions (Estimated) |
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Borrowed : |
---- |
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Total : |
Rs. 5.000 millions (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 (Estimated) |
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Sales Turnover |
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40.000 |
LOCAL AGENCY
FURTHER INFORMATION
Website details:-
Concern Profile
Mr. Darshan Singh Bhatia a technocrat by nature established a small workshop in the year 1976 to manufacture auto components and supply to OE manufacturing concern. The journey begun and he never looked back. He was joined by his two sons Amarjeet Singh Bhatia and Baljit Singh Bhatia in the year 1982 when they intensified the scope of the work and in the year 1992 started manufacturing solenoid switches to cater the domestic market. At a very short span of time they established themselves as a quality manufacturer and it lead them to establish a complete new unit in the name of M/s Anmol Auto Electricals in the year 1996 to manufacture and export complete starter motor to world market. The concern is located in the approved Industrial area of Faridabad around 25 Km away from Delhi spread over 25000 sq. ft. and in the process to expand the manufacturing base by all most double.
From the very start the concern followed to maintain the international standard
of the product. Therefore set up all in house facility such as CNC machines,
Tool Room, Design Office, Standard Room, obtained ISO 9001-2000 certificate
from BSI.
Today the concern is manufacturing several families of Starter Motors such as
Bosch, Lucas, Delco etc. as well as several subassembly as detailed in the
catalogue and exporting to nearly 32 countries worldwide including North
America, Europe, North Africa, South Africa, South East Asia.
The Focus of the concern is to satisfy the customer requirement by providing
· High quality and reliable product
· Competitive price.
· Just in time delivery.
The concern is in the process to atomize the assy. line to increase the production, using several imported raw material to give consistency in quality, designing product by using CAD / CAM software (SOLIDEDGE).
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 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.48.79 |
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UK Pound |
1 |
Rs.75.41 |
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Euro |
1 |
Rs.61.48 |
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 |
YES |
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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 |
YES |
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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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