MIRA
INFORM REPORT
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Report Date : |
11.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
PRECISION EQUIPMENTS |
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Registered Office : |
38, KM Stone, Delhi Rohtak Road, Surya Nagar, Village Sankhol, Bahadurgarh
124507, Haryana. |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1999 |
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Legal Form : |
Partnership Concern With an Unlimited Liability of the Partner |
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Line of Business : |
Manufacturer, Exporter and Importer of Steel Products and Machinery |
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 satisfactory track. Trade
relations are fair. Payments are reported as slow but correct. The concern can be considered normal for business dealings at usual
trade terms and conditions |
INFORMATION PARTED
BY
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Name : |
Mr. Gaurav Gupta |
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Designation : |
Partner |
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Date : |
08.10.2008 |
LOCATIONS
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Registered Office : |
38, KM Stone, Delhi Rohtak Road, Surya Nagar, Village Sankhol,
Bahadurgarh 124507, Haryana. |
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Tel. No.: |
91-1276-241520 |
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Fax No.: |
91-1276-241520 |
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E-Mail : |
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Website : |
http:// www.precisionequipments.in |
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Area : |
NA |
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Location : |
Owned |
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Head Office : |
Z-82/1, Loha Mandi, Naraina – 110028, New Delhi. |
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Tel. No.: |
91-11-65476793, 91-11-65451173 |
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Fax No.: |
91-11-25892057 |
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Mobile : |
91-9212717699, 91-9212176368 |
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E-Mail : |
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Area : |
NA |
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Location : |
Owned |
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Factory 1 : |
Plot 8-A, Surya Nagar, Village Sankhol, Bahadurgarh(Haryana), India –
124507. |
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Tel. No.: |
91-1276-645058 |
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Mobile : |
91-9212176367 |
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E-Mail : |
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Website : |
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Area : |
NA |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Gaurav Gupta (CEO) |
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Designation : |
Partner |
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Date of Birth/Age : |
30 Years |
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Qualification : |
Graduate |
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Experience : |
8 Year |
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Name : |
Mr. H S Navik |
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Designation : |
Partner |
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Name : |
Mr. Rakesh Gupta |
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Designation : |
Partner |
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Name : |
Mrs. Raman Gupta |
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Designation : |
Partner |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Steel Products and Machinery |
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Products : |
Cut to length lines, slitting lines, steel cold rolling mills, skin
pass mills, continuous line pickling and various other equipments like EOT cranes,
levelers, handling equipments, etc. ·
Cut to Length Lines
HR Cut to length lines
CR Cut to length lines ·
Slitting Lines
HR slitters
CR slitters ·
Steel Cold Rolling Mills 4 Hi Cold rolling mills (width 200-1000 mm) ·
Skin Pass Mills 2 Hi Skin Pass (width:1000, thickness 4.00 mm) 4 Hi Skin Pass (width:1000mm, thickness 4.00 mm) ·
Continuous Line Pickling. ·
EOT Cranes ·
Levelers ·
Hand;ing Equipments like Vertical Coil Grabs, C Hooks, Coil Car
Trolleys,
Coil Tilters, etc. |
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Exports : |
Subject wanted to start export |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS
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Capacity to
increase production by : |
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50 % |
GENERAL
INFORMATION
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Suppliers : |
Own Manufacturing |
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No. of Employees : |
40 |
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Bankers : |
Punjab National Bank, Bahadurgarh (Haryana), India – 124507 |
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Banking
Relations : |
Normal |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.000 Millions |
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Borrowed : |
NA |
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Total : |
Rs. 2.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2008 |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
17.000 |
15.000 |
NA |
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Profit/Loss for the year |
12% |
12% |
NA |
Expected Sales (2008-09) : Rs.20.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Website Details attached:
An Introduction:
Established in the year 1999, subject has rapidly emerged as a highly
reputed and reckoned manufacturer, exporter, importer, supplier and trader of a
wide variety of steel products and machinery. In a short span of time, they
have scaled great heights successfully, owing to their experienced technicians
and engineers.
Their broad spectrum of products includes Cut to length lines, slitting lines,
steel cold rolling mills, skin pass mills, continuous line pickling and various
other equipments like EOT cranes, levelers, handling equipments, etc. They
specialize in providing customized products and services to their prestigious
clients. They cater to their customers in an understanding manner and their
products are manufactured according to their needs and specifications. Quality
bags the top priority, when it comes to necessary parameters of manufacturing.
As a result, they have been accredited with the prestigious ISO 9001:2000
certification.
They aim to be a globally reckoned name in the coming future; with their
consistent quality measures and newly invented manufacturing techniques, they
foresee a bright future for themselves.
Products They Offer :
Precision Equipments has earned itself a reputed name as a prominent
manufacturer, exporter, importer, supplier and trader of a variety of steel
equipments and machinery. Their products include:
·
Cut to Length Lines :
HR Cut to length
lines
CR Cut to length
lines
·
Slitting Lines :
HR slitters
CR slitters
·
Steel Cold Rolling Mills
4 Hi cold rolling
mills(width 200-1000 mm)
·
Skin Pass Mills
2 Hi skin
pass(width:1000, thickness 4.00 mm)
4 Hi skin
pass(width 1000 mm, thickness 4.00 mm )
·
Continuous Line Pickling
·
EOT Cranes
·
Levelers
·
Handling Equipments like Vertical Coil Grabs, C Hooks, Coil Car
Trolleys, Coil Tilters, etc.
Quality Assurance:
Success comes with quality and Precision Equipments is known for its precise
and reckoning quality. Fully loaded with various quality checking equipments,
they ensure that the entire process of manufacturing goes smoothly to produce
flawless products and machinery.
Their expertise tackle each and every complexities with firm ease and
consistency. In order to keep themselves in the competitive market, they follow
each and every latest development in the technological and scientific arena to
provide their customers the latest equipments.
Their Strengths:
·
A state-of-the-art infrastructure well equipped with latest machines and
equipments to carry out smooth production of goods
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A highly skilled and experienced workforce
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Upgradation of equipments every year
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Superb quality of the products
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Reasonable pricing policies
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A variety of high quality steel products like cut to length lines,
slitting lines, steel cold rolling & skin pass mills, 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.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
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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