MIRA
INFORM REPORT
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Report Date : |
31.10.2008 |
IDENTIFICATION DETAILS
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Name : |
HARI |
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Registered Office : |
IIC – 142, Nehru Nagar, |
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Country : |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1988 |
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PAN No.: [Permanent
Account No.] |
AACFH4304C |
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Legal Form : |
Partnership Concern With an Unlimited Liability of the Partner |
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Line of Business : |
Manufacturer of Plastic Automobile, Electronics Components and Pet
Bottles. |
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 75000 |
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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 slow but correct. The concern can be considered normal for business dealings at usual
trade terms and condition. |
INFORMATION PARTED BY
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Name : |
Mr. Ajay Gupta |
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Designation : |
Partner |
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Date : |
22.10.2008 |
LOCATIONS
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Registered Office : |
IIC – 142, Nehru Nagar, Ghaziabad
201001, Uttar Pradesh. |
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Tel. No.: |
91-120-2792636, 91-120-2794143 |
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Mobile No.: |
91-9810288928, 9810083514 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory 1 : |
67, Girdhar Pur Road Chaproulla, Ghaziabad (UP), India. |
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Tel. No.: |
91-120-2674729 / 6545544 / 6471924 |
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Fax No.: |
91-120-2674729 |
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Location : |
Owned |
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Factory 2 : |
Khasra No. 205, Vill-Raipur, Bhagwanpur, Tehsil-Roorkee. Uttrakhand,
India |
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Tel. No.: |
91-9837245652 |
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Location : |
Owned |
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Branch Office : |
183/32, Lig Avas Vikas Colony, Rudrapur Udham Singh Nagar,
Uttarakhand, India. |
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Tel. No.: |
91-9997256438 |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Ajay Gupta |
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Designation : |
Partner (Chief Executive officer) |
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Date of Birth/Age : |
45 Years |
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Qualification : |
Graduate |
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Experience : |
23 Years |
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Name : |
Mr. Vijay Gupta |
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Designation : |
Partner |
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Date of Birth/Age : |
42 Years |
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Qualification : |
Graduate |
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Experience : |
20 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Plastic Automobile, Electronics Components and Pet
Bottles. |
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Products : |
Choke Cover ·
Door Handle ·
Medicine Bottle ·
Motor Vehicle Components ·
Pet Bottles ·
Pet Preform ·
Plastic Cap ·
Ups Case |
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Imports : |
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Products : |
Machinery |
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Countries : |
Japan |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
LC, Cash and Credit |
GENERAL INFORMATION
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Customers : |
Two Wheelers and
Four Wheelers ·
Imperial Auto Industries Limited ·
Mayank Auto Engineers Private Limited ·
Tuff Engineering Private Limited ·
Automotive Composite Systems Int Limited. ·
Purolator India Limited ·
Switch Masters Limited ·
Motherson Group ·
Trelleborg Automotive India Private Limited Electrical and
Electonics ·
Ellien Electronics ·
Su-Kam Power Systems Limited. ·
Havell’s Group ·
Kentaro Systems Liquor ·
Mohan Meakins Group ·
Jammu, Ghaziabad, Lucknow ·
Daurala Sugar Works. ·
Panipat Sugar Mills ·
Kesar Enterprises ·
Industrial Supply Corporation Limited. Pharmacy ·
Penjon India Limited ·
Mascot (India) Tools and Forging’s Private Limited. |
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No. of Employees : |
325 |
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Bankers : |
Punjab National Bank, Ghaziabad, Uttar Pradesh |
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 15.000 Millions |
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Borrowed : |
NA |
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Total : |
Rs. 15.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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400.000 |
350.000 |
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Profit/Loss for the year |
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11% |
11% |
Expected Sales (2008-09) : Rs.450.000 Millions
LOCAL AGENCY FURTHER INFORMATION
Profile:
Founded in 1988 by two brothers Mr. Ajay Gupta & Mr. Vijay
Gupta the Subject is one of the leading manufacturer of plastic automobile
components, electronics components, Pet Preform, Pet bottles with a turnover of
U.S.D. 15 million dollar per annum and employees 350 people including 100
professional and technical persons India-wide. The group is a major supplier to
automobile Sector's in India. The company is accredited with quality
certification ISO 9001.
For over four decades, subject has been a major presence in India's automobile
and Pet Preform, Pet Bottles industry. The products are well accepted in
companies like Minda Group of companies, Havell’s, Motherson Group, Trelleborg,
Ellien Electronics Ltd, Mohan Meakins, Daurala Sugar’s, Rampur Distilleries
Ltd. Shawallace Distilleries, Wintage Distilleries Ltd. Packwell Pvt Ltd,
Penjon India Ltd.
Organization & Management:
Commercial& Pet Blow Moulding - Mr Ajay Gupta
– 9810288928
Technical & Plastic Moulding- Mr Vijay
Gupta –
9810083514
Achievements:
1988- Noida Unit Commercial Production Started
1995- ISO-9001 Certification
2005- Pune Office Started
2006- Haridwar Unit- Commercial Producton Unit Started.
Infrastructure:
Moulding Facilities:
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S. No |
Description |
Quantity |
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1 |
Joy 30 |
02 |
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2 |
ST-50 |
05 |
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3 |
SP-80 |
05 |
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4 |
GEK-60/B1 |
05 |
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5 |
GEK-80/B1 |
07 |
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6 |
SM-90 |
01 |
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7 |
SM-90(Thermoset) |
01 |
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8 |
SM-100 |
03 |
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9 |
SM-120 |
02 |
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10 |
Asian Plastic-120(Thermoset) |
01 |
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11 |
SM-150 |
01 |
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12 |
GEK-180/B1 |
02 |
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13 |
GEK-250 |
03 |
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14 |
GEK-280 |
02 |
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15 |
GEK-350 |
01 |
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16 |
SM-350 |
01 |
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17 |
GEK-720 |
01 |
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18 |
STRETCH BLOW MOULDING MACHINES |
13 |
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19 |
ASB NISSEI (500 MB) |
01 |
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20 |
ASB NISSEI (70DPH) |
01 |
Future Plan:
SM-450,SM-530, ASB NISSIE(50MB)-04 NOS, 70DPH-03 M/C, IN THE END OF FINACIAL
YEAR 08-09.
Product Design:
The latest technologies for product designing have been adopted, which include
:
• Auto cad R2004 & R2006
• I-deas 9
• Pro-E WILD FIRE
• CATIA V5 R13
• UNIGRAPHICS NX-3
This has resulted in a substantial reduction in design to delivery time. In
excess of 100 new products are
developed each year.
Production Engineering:
Dedicated teams of engineers oversee the development of manufacturing infrastructure for new products and documentation for all the processes. Techniques of JIT, Single Piece Flow, SMED and POKA-YOKE ensure optimum utilization of resources and speedy
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 |
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 |
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 |
YES |
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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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