MIRA
INFORM REPORT
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Report Date : |
31.10.2008 |
IDENTIFICATION DETAILS
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Name : |
CENTURY MACHINES |
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Registered Office : |
8/B, Marol Sagbaug, |
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Country : |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
24.03.1998 |
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IEC No.: |
1205001140 |
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PAN No.: [Permanent
Account No.] |
AAAFC9675M |
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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 Die Cutting, Creasing Platen Punching
Machines |
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 5000 |
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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 company
can be considered norm for business dealings at usual trade terms and
conditions. |
INFORMATION PARTED BY
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Name : |
Mr. Jasbir Dadiala |
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Designation : |
Partner |
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Contact No.: |
91-9892320404 |
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Date : |
27.10.2008 |
LOCATIONS
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Registered Office : |
8/B, Marol Sagbaug, A K Road, Opposite Mahalaxmi Hotel, Andheri (East),
Mumbai-400059, Maharashtra, India |
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Tel. No.: |
91-22-32420001/ 28511101 |
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Mobile No.: |
91-9892320404 |
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Fax No.: |
91-28511108 |
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E-Mail : |
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Website : |
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Area : |
600 sq.ft (Rented) |
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Factory : |
308, Focal Point Industrial Estate, Amritsar, Punjab, India |
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Area : |
10000 sq.ft (Owned) |
PARTNERS
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Name : |
Mr. Jasbir Dadiala |
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Designation : |
Partner |
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Address : |
8/B, Marol Sagbaug, A K Road, Opposite Mahalaxmi Hotel, Andheri
(East), Mumbai-400059, Maharashtra, India |
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Date of Birth/Age : |
36 Years |
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Qualification : |
MBA |
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Name : |
MR. Gurnan S Dadiala |
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Designation : |
Partner |
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Address : |
Focal Point6, Mehta Road, Amritsar-143001, India |
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Date of Birth/Age : |
39 Years |
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Qualification : |
B.E |
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Name : |
Mr. Jaswant Dadiala |
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Designation : |
Partner |
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Address : |
Focal Point6, Mehta Road, Amritsar-143001, India |
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Date of Birth/Age : |
72 Years |
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Qualification : |
Matric |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Die Cutting, Creasing Platen Punching
Machines |
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Products : |
·
Die cutting, Creasing Platen Punching Machines ·
Hot Foil Stamping and Die Cutting Machines ·
Lamination Machines ·
Paper Cutting Machines ·
Corrugated Box Machines ·
Eccentric Slotter Machine ·
Rotary Cutting and Creasing Machines |
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Exports : |
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Products : |
·
Die Cutting ·
Creasubg Platen ·
Punching Machine |
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Countries : |
·
African Countries ·
Gulf Countries ·
Grees |
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Terms : |
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Selling : |
Depends |
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Purchasing : |
Cash and Credit ( 10-15 Days) |
GENERAL INFORMATION
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Customers : |
Retailers |
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No. of Employees : |
76 ( Office 6, Factory 70) |
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Bankers : |
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HDFC Bank, Mumbai ·
Alahbad Bank, Amritsar |
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Facilities : |
CC Rs. 1.500 Millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Lakhvindar Singh and Company Chartered Accountant |
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Associates/Subsidiaries : |
Century Engineers, Amritsar Address:309, Pocal Point, Industrial Estate, Century Global Exports, INC Address: 305,Focal Point, Industrial Estate |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.000 Million |
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Borrowed : |
-- |
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Total : |
Rs. 1.000 Million |
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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13.500 |
Expected Sales (2008-09) : Rs. 13.500 Millions
LOCAL AGENCY FURTHER INFORMATION
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Additional Requirement of Indiamart for Trust-Seal |
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VAT / TIN : 03281121704 |
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IEC Code : 1205001140 |
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PAN / TAN : AAAFC9675M |
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Bank Name : HDFC Bank |
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Bank Address : Mumbai Branch |
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Bank A/c. No.: 036330002162 |
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Account Since : 10 Years |
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In case of any affiliations / memberships
/ certifications : |
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Name : ISO-901: 2000 |
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Type : 12366 Ukag |
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Expiry Date : 2010 |
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Trade References:
·
Nav Kiran Packers Private
Limited, Navi Mumbai
·
B G and K Associates,
Lower Parel, Mumbai
AS PER WEBSITE
Profile:
Profile
Based
in Mumbai, with three decades of experience to his credit, Mr.J.S. Dadiala has
directed the company to new arenas keeping himself abreast with the latest technology
world wide. He travels abroad 4 times to attend international fairs, Seminars
and visiting Industrial units. Today Century Machines is a widely
acclaimed rganization that specializes
in the manufacture and export of die cutting and creasing platen Punching
Machine, Lamination Machine, Paper Cutting Machine, Corrugated Box Making
Machinery. The company has successfully been able to achieve a pioneering
status owing to its high quality products with on-schedule delivery.
The organization aims at total customer satisfaction with a string focus on
quality products. With the support of strong infrastructure facilities and
skilled team of personnel, Century Machines monitors the manufacturing
processes. All the products are subject to the most stringent tests before
reaching to the end user. The company incorporates innovations in product
development and other technological facilities.
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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.49.77 |
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UK Pound |
1 |
Rs.79.78 |
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Euro |
1 |
Rs.63.36 |
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 |
YES |
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--LISTED |
YES/NO |
YES |
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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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