MIRA
INFORM REPORT
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Report Date : |
10.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
S CRANE ENGINEERING WORKS |
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Registered Office : |
39, Pirani Compound Ambawadi, Mumbai-400068, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1981 |
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IEC No.: |
0397078897 |
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PAN No.: [Permanent
Account No.] |
AADPS6457L |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of Standard and Custom Built lifting
Appliances |
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 15000 |
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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 satisfactory track. Trade
relations are fair. Payments are reported as slow but correct. The concern is doing well. It can be considered normal for business dealing as usual trade terms
and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Chetan Joshi |
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Designation : |
Business Manager |
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Date : |
06.10.2008 |
LOCATIONS
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Registered Office : |
39, Pirani Compound Ambawadi, Mumbai-400068, Maharashtra, India |
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Tel. No.: |
91-22-28955361/ 28951230/ 65707230 |
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Mobile No.: |
91-9323565375 |
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Fax No.: |
91-22-28951230 |
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E-Mail : |
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Website : |
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Area : |
1600 sq.ft ( Owned) |
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Factory : |
Ghimaniya Village, Talsari Taluka, Girgaon, Post District Thane, Near
Sanjan Railway Station, Maharashtra, India |
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Tel. No.: |
91-260-2576096 |
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Fax No.: |
91-260-2576096/ 2575275 |
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Area : |
11 Acre (Owned) |
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Location : |
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SOLE PROPRIETOR
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Name : |
Mr. Sadanand Sukhija |
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Designation : |
Proprietor |
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Date of Birth/Age : |
67 Years |
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Qualification : |
Mechanical Engineer |
KEY EXECUTIVES
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Name : |
Mr. Chetan Joshi |
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Designation : |
Business Manager |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Standard and Custom Built lifting
Appliances |
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Products : |
·
Single Girder Cranes ·
Double Girder Cranes ·
Underslung Cranes ·
Gantry Cranes ·
Wire Rope Hoists ·
Goods Lifts ·
Rope Lock Pulley Blocks ·
Jib Cranes ·
Double Truss Single Bridge Crane |
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Exports : |
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Products : |
Lifting Appliances |
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Countries : |
·
Gulf Countries ·
South Africa ·
Dubai ·
African Countries |
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Terms : |
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Selling : |
Credit ( 30-60 Days) |
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Purchasing : |
Credit ( 30-60 Days) |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
25 ( Office 15, Factory 10) |
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Bankers : |
Dena Bank, Boirivali (West|), Mumbai-400092, Maharashtra, India |
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Facilities : |
Over draft |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. Shyam C Agarwal Chartered Accountant |
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Associates/Subsidiaries : |
Material Handeling Engineers 37, Pirani Compound, Ambawadi, Dahisar (East), Mumbai, Maharashtra,
India Line of Business: Manufacturer of Std and Custom built appliances |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 3.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 3.000 Millions |
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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130.000 |
Expected Sales (2008-09) : Rs. 200.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
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Additional Requirement of Indiamart for Trust-Seal |
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Excise
Registration No.: AADPS 64572X M001 |
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IEC Code : 0397078897 |
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PAN / TAN : AADPS6457L |
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Bank Name : Dena Bank |
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Bank Address :Borivali |
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Account Since :2007 |
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In case of any
affiliations / memberships / certifications : |
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Name : ISO 9001 : 2000 |
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Type : Quality
Management Systems |
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Expiry Date : 20.07.2010 |
Trade References:
·
Larson and Tobro Limited
·
Voltas Limited, Mumbai
·
Hind Aluminiums, Mumbai
AS PER WEBSITE
Profile:
Subject is a manufacturer of standard and custom built lifting
appliances and material handling equipments, in Mumbai, India. The
Chief Executive, Sadanand Sukhija, has been designing Cranes and hoists
since1958. They started manufacturing in Mumbai in 1979 and commenced
production in the Unit-II in 1995.
The main objective of S. Crane concepts and products is always the
same-to help people who work with them. The aim is to make it easier to
handle and lift heavy loads, increasing productivity and enhance production.
They have a wide customer base all across India and now in Africa and the
UAE. The repeat business given by these happy customers reflects their
confidence in the practice, of being responsive and responsible.
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.48.74 |
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UK Pound |
1 |
Rs.85.19 |
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Euro |
1 |
Rs.66.12 |
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 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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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 |
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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48 |
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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