MIRA
INFORM REPORT
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Report Date : |
28.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
ACCURATE CUTTING SYSTEMS |
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Registered Office : |
G-220, Purvanagri, Pune Sholapur Road, Pune – 411 013, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2006 |
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PAN No.: [Permanent
Account No.] |
AHHPM0686L |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of High Speed Metal Cutting Machine |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 4000 |
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Status : |
Small Concern |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small concern having satisfactory track. Trade relations
are fair. Payments are reported as slow but correct. The concern can be considered for small to mediocre business dealings at
usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Anand Mishra |
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Designation : |
Proprietor |
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Contact No.: |
91-9422308363 |
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Date : |
22.11.2008 |
LOCATIONS
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Registered Office : |
G-220, Purvanagri, Pune Sholapur Road, Pune – 411 013, Maharashtra,
India |
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Tel. No.: |
91-20-26872522 |
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Mobile No.: |
91-9422308363 |
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Fax No.: |
91-20-26872522 |
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E-Mail : |
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Area : |
600 Sq. ft. |
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Location : |
Owned |
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Factory : |
52/3, Lane No.4, Maruti Nagar, Wadgaon, Pune, Maharashtra, India |
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Area : |
1500 Sq. ft. |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Anand Mishra |
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Designation : |
Proprietor |
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Date of Birth/Age : |
36 Years |
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Qualification : |
Mechanical Engineer |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of High Speed Metal Cutting Machine |
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Products : |
·
Semi
Automatic Bandsaw Machines ·
Vertical Bandsaw
Machines ·
Automatic
Band Saw ·
Manual
Bandsaw Machines ·
Vertical
Band Sawing Machines ·
Other
Product and Services |
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Terms : |
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Selling : |
Advance |
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Purchasing : |
Cash and Credit (30 days / 60 days) |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
20 (In Office 5 and In Factory 15) |
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Bankers : |
Central Bank of India, Pune |
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Facilities : |
No Facility |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Shrinivas Chartered Accountants |
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Address : |
Pune |
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Associates/Subsidiaries : |
Anand Enterprises , Pune |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.0.800 million (Estimated) |
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Borrowed : |
- |
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Total : |
Rs.0.800 million (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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8.000 |
Expected Sales (2008-09) : Rs.10.000 millions
LOCAL AGENCY FURTHER
INFORMATION
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Additional
Requirement of Indiamart for Trust-Seal |
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Service Tax No. : -- |
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Excise Registration No.: -- |
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VAT / TIN : 27170307393 |
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IEC Code : -- |
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PAN / TAN : AHHPM0686L |
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Bank Name : Central Bank of India |
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Bank Address : Pune |
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Bank A/c. No.: 3004769334 |
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Account Since : 3 Years |
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In case of any affiliations / memberships / certifications : |
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Type : No ISO Certificate |
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Expiry Date : |
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Trade References
·
Tata Motors Limited – Lucknow
·
Suzuki Motor Cycle Private Limited
Web Details
Incorporated in the year 2006,
Subject is a young and dynamic organization, established itself as one
of the eminent manufacturers and suppliers of a wide range of bandsaw machines
and allied accessories like double column band saw, heavy duty band saw,
automatic band saw, etc. Under the able guidance of the mentor, Mr. Anand Mishra, having vast
industrial experience in the field of Industrial Cutting Solutions, they have
been able to offer precision engineered bandsaw machines and allied accessories
to meet the requirement of industrial cutting application in diverse
industries. The constant effort to deliver superior quality machines enable
them to successfully fulfill various requirements of the clients related to
cutting machines and assist them in achieving their ultimate success.
They owe the success to the diligent team of professionals, who always keep
track of the requirements and design the range to meet the changing demands.
They keep a track of the industry requirements and fabricate the machines to
meet the changing demands. The R and D team helps them in improvising the
quality of the existing range and manufacturing new and technologically
advanced bandsaw machines. Based on the extensive research, they have been able
to design and develop advanced bandsaw machines that provide trouble free
operation and have a track record of providing excellent ROI (Returns on
Investment) to the clients.
Further, they also have the ability and are well equipped to undertake
effective annual maintenance contacts as well as reconditioning for the entire
range of bandsaw machines like double column band saw, heavy duty band saw,
automatic band saw, etc.
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.49.85 |
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UK Pound |
1 |
Rs.76.60 |
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Euro |
1 |
Rs.64.68 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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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 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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 |
NO |
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--AFFILIATION |
YES/NO |
YES |
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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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40 |
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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