MIRA
INFORM REPORT
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Report Date : |
20.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
TOSHI AUTOMATIC SYSTEMS |
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Registered Office : |
D-132, BSR Industrial Area, Ghaziabad – 201009, Uttar Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1992 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners |
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Line of Business : |
Importers, Distributors and Installers of Automatic Entry Systems and
Toilet Automation Products |
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 7500 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is small importers and traders. Partners are reported as experienced, respectable and having satisfactory track. Payments are usually correct and as per commitments. The concern can be considered good for small to mediocre business dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. Sanjeev Sachdev |
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Designation : |
Partner |
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Contact No.: |
91-9810116904 |
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Date : |
05.09.2008 |
LOCATIONS
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Registered/Head Office/Factory : |
D-132, BSR Industrial Area, Ghaziabad – 201009, Uttar Pradesh |
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Tel. No.: |
91-120-2701072,
2700941 |
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Mobile No.: |
91-9810116904 |
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Fax No.: |
91-120-2705117,
2719709 |
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E-Mail : |
toshiautomatic@vsnl.com,
info@toshiautomati.com, sanjeev@toshiautomatic.com, kapil@toshiautomatic.com |
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Website : |
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Area : |
2500 Sq. Yard + Factory |
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Location : |
Owned |
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Branches : |
305, Simandhar Avenue, 8 Kailash Society, B/H H. K. House,
Ashram Road, Ahmedabad – 380 009, Gujarat |
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Tel. No.: |
91-79-6584970 |
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Area : |
300 Sq. ft |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Sanjeev Sachdev |
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Designation : |
Partner |
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Date of Birth/Age : |
43 Years |
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Qualification : |
Graduate |
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Name : |
Mr. Kapil Sachdev |
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Designation : |
Partner |
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Date of Birth/Age : |
37 Years |
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Qualification : |
Graduate |
BUSINESS DETAILS
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Line of Business : |
Importers, Distributors and Installers of Automatic Entry Systems and
Toilet Automation Products |
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Products : |
v Auto Taps v Auto Flush v Hand Dryers v Soap Dispensers v Air Fresheners v Automatic Doors v Automatic Gates v Automatic Shutters v Automatic Barriers v Security Systems v Personal
Protectors |
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Agencies Held : |
v RIB, Castendolo, Italy v Poseer Enterprises, Taiwan v Dortex, Taiwan v Hokwang, Taiwan |
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Imports : |
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Countries : |
Taiwan and Italy |
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Terms : |
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Selling : |
Cash and Credit (30 days) |
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Purchasing : |
T/T |
GENERAL
INFORMATION
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Customers : |
+ Intertoll ICS Cecons O & M Company (Private) Limited Apt # 2B, 28, Ferozshah Road, New Delhi – 110 001 + The Hongkong and Shanghai Banking Corporation Limited K-14-18, Sector 18, Noida – 201 301, Uttar Pradesh Tel No. 91-11-23738989 Fax No. 91-11-24517401 Telex : 031-65053 HSBC IN + Bhayana Builders Private Limited + Johnson Controls (India) Private Limited 8 Block, South City, Gurgaon, Haryana Tel No. 91-11-26149289 / 9291 / 9227 Fax No. 91-11-26149227 + Samtel Color Limited Village Chhapraula, Bulandshahar Road, Ghaziabad – 201 009, Uttar Pradesh Tel No. 91-120-24674512 –18 Fax No. 91-120-24674504 / 24674526 + Arvind Mills, Ahmedabad, Gujarat + Alba Control System, Haryana + Auto Door Industries, New Delhi + Christian Medical School & Hospital + Essen Entertainment Private Limited + Kailash Cancer Hospital & Research + Kajaria Ceramics Limited + Manu Lal & Sons Dwarka + Sarvottam Furnishers, New Delhi + Shri Ram Piston & Rings Limited + Samtel Colour Limited + G. R. Gupta Brothers Private Limited + South India Structural Corporation Limited + Rani Seethai Hall, 6th Floor, 603, Anna Salai, Chennai – 600 006, Tamilnadu Tel No. 91-44-28293066 / 28293868 |
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No. of Employees : |
25 (Office – 20 + Branch – 5) |
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Bankers : |
v Punjab National Bank, Navyug Market, Ghaziabad, Uttar Pradesh v IDBI (Industrial Development Bank of India), Rajnagar, Ghaziabad, Uttar Pradesh v ICICI Bank, Rajnagari |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Jain Anil & Company Chartered Accountants |
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Address : |
A-58, Anand Vihar, Delhi – 110 092 |
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Tel. No.: |
91-22-221519515 (Off.) / 91-11-24631172 (Res.) |
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E-Mail : |
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Associates/Subsidiaries : |
New Avishkar Private Limited, Ghaziabad, Uttar Pradesh Line of Business - Manufacturer and reseller of Toshi Products. |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.500 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 1.500 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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100.000 |
Expected Sales (2008-09) : Rs. 150.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Business
Subject is engaged as importers, distributors and installers of Automatic Entry System and Toilet Automation Products
Subject is an exclusive agent of Taiwan Company since 1996.
It acts as distributors for RIB, Italy since 2001.
It is India’s largest Entrance and Bathroom Automation concern which provides more than three dozen automatic fittings and systems under one roof.
The concern’s fixed assets of important value include air conditioner, computer, vehicle, plant & machinery, furniture, mobile phone, fax machine, EPBX system, bicycle, pager, refrigerator, typewriter, etc.
As per website
details
Profile
Established for over a decade, Subject has grown to emerge as the thoughtleader and innovator in the home and industrial automation solutions; setting the pace in the design, installation of bespoke, cost effective and reliable automatic hygiene systems and security gates, barriers, turnstiles and car parking/traffic control equipment.
They operate from one of the most modern design and manufacturing facilities in
the business and employ a team of highly skilled engineers. They are
geographically well placed to meet the needs of their wide customer base around
the country, which spans individual homes, manufacturing and service companies,
leisure operators and local authorities.
Their detailed feasibility survey and comprehensive specification and
quotation, ensures they can meet the requirements on time, every time and within
the budget.
Installations include airports, hospitals, chemical plants, petroleum plants,
power generation sites, car and lorry parks, theme parks, hotels, caravan
parks, shopping centres, retail parks, manufacturing facilities and office
developments.
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.48.68 |
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UK Pound |
1 |
Rs.84.37 |
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Euro |
1 |
Rs.65.70 |
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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