MIRA INFORM REPORT
|
Report Date : |
26.09.2008 |
IDENTIFICATION DETAILS
|
Name : |
ESCORTS CONSTRUCTION EQUIPMENT LIMITED |
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Registered Office
: |
11, Scindia House, Connaught Circus, New Delhi – 110 001. |
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Country : |
India |
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Financials (as
on) : |
31.03.2008 |
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Date of
Incorporation : |
17.02.1994 |
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Com. Reg. No.: |
05-57458 |
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CIN No.: [Company Identification
No.] |
U74899DL1994PTC057458 |
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IEC No.: |
0595009123 |
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Legal Form : |
A Closely Held Public Limited Liability company. |
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Line of Business
: |
Manufacturing of Pick-n-carry Craves, Hydraulic Mobile
Craves, Vibratory Compactors for Sail Asphalt Tandems Rollers, Slew Craves
and Forklifts |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT
LINE |
|
|
41-55 |
Ba |
Overall operation
is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit
Limit : |
USD 3200000 |
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Status : |
Satisfactory |
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Payment Behaviour
: |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an old and established company and a part of
Escorts group. The company has turned the corner and wiped-off all its
previous losses during the year 2006-07. Trade relations are fair. Payments
are however reported as slow but correct. The company can be considered normal for business dealings
at usual trade terms and conditions. |
LOCATIONS
|
Registered Office : |
11, Scindia House, Connaught Circus, New Delhi – 110 001,
India |
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Tel. No.: |
91-129-2268152 / 23358021 / 23351336 / 23353176 / 20064298 |
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Fax No.: |
91-129-2268152 |
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Email : |
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Website: |
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Factory : |
Plot No. 2, Sector 13, Faridabad – 121 001, Haryana, INDIA |
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Tel. No.: |
91-129-5283073,/5286694/ 5290793/ 5223561/ 5223562/
5284810/ 2268152 |
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Fax No.: |
91-129-5283065/ 5261323 / 2268152 |
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E-Mail : |
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Area : |
Leased |
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Branch : |
Located at :
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DIRECTORS
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Name : |
Mr. Rajan Harprasad Nanda |
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Designation : |
Chairman |
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Address : |
2, Friends Colony (West), New Delhi-110065, India |
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Date of Birth/Age : |
15.10.1942 |
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Date of Appointment : |
17.02.1994 |
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Name : |
Mrs. Ritu Nanda |
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Designation : |
Director |
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Address : |
2, Friends Colony (West), New Delhi-110065, India. |
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Date of Birth/Age : |
30.10.1948 |
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Date of Appointment : |
10.04.1997 |
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Name : |
Mr. Vinod Ahuja |
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Designation : |
Executive Director |
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Address : |
B- 52-B, Gangotri, Enclave, Alaknanda, New Delhi-110019,
India |
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Date of Birth/Age : |
27.12.1950 |
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Date of Appointment : |
30.06.2004 |
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Name : |
Mr. Sriram Khattar |
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Designation : |
Director |
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Address : |
15/5, Mathura Road, Faridabad – 121003, Haryana, India |
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Date of Birth/Age : |
26.12.1957 |
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Date of Appointment : |
20.07.2000 |
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Date of Ceasing : |
29.09.2005 |
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Name : |
Mr. Vijay Thacker |
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Designation : |
Director |
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Address : |
1105, Embassy Center, Nariman Point, Mumbai-400021,
Maharashtra, India |
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Date of Birth/Age : |
21.06.1960 |
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Date of Appointment : |
29.03.2004 |
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Name : |
Mr. .Nikhil Nanda |
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Designation : |
Director |
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Address : |
2, Friends Colony (West), New Delhi-110065, India. |
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Date of Birth/Age : |
18.03.1974 |
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Date of Appointment : |
30.06.2004 |
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Name : |
Mr. Shailendra Tandon
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Designation : |
Director |
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Address : |
S-79, 1st Floor,
Panchsheel Park, New Delhi – 110017, India |
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Date of Birth/Age : |
26.02.1956 |
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Date of Appointment : |
28.09.2007 |
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Name : |
Mr. Rakesh Kumar Budhiraja |
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Designation : |
Director |
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Address : |
A-67, Ashok Vihar Phase I, Delhi – 110052, India |
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Date of Birth/Age : |
18.04.1955 |
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Date of Appointment : |
28.09.2007 |
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Name : |
Mrs. Deepa Sankaran |
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Designation : |
Director |
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Address : |
42, Srinivasapuram Thiruvanmiyur, Chenni – 600041,
Tamilnadu, India |
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Date of Birth/Age : |
17.11.1968 |
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Date of Appointment : |
28.09.2007 |
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Name : |
Mr. Kamal Bali |
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Designation : |
Director |
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Address : |
Plot No.72, Sipcot Industrial Complex, Ranipat Vellore –
632403, Tamilnadu, India |
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Date of Birth/Age : |
09.01.1959 |
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Date of Appointment : |
28.09.2007 |
KEY EXECUTIVES
|
Name : |
Mr. Vikram Sharma |
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Designation : |
Chief Executive Officer |
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Age: |
52 years |
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Qualification: |
B. Tech. |
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Experience: |
29 years |
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Date of Joining: |
10th June, 2000 |
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Previous Employment: |
Escorts Yamaha Motors Limited |
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Name : |
Mr. Raman Sharma |
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Designation : |
Executive Director |
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Age: |
46 years |
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Qualification: |
B. Tech., PGDBA |
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Experience: |
23 years |
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Date of Joining : |
9th August, 1999 |
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Previous Employment : |
J. K. Industries Limited |
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Name : |
Mr. Pankajrai S. Mittal |
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Designation : |
Finance Controller |
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Name : |
Mr. Rajeev Sharma |
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Designation : |
Company Secretary |
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Address : |
1st Floor, 60-61,
Pocket – G/2, Sector 16, Rohini, New Delhi – 110085, India |
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Date of Birth/Age : |
30.10.1973 |
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Date of Appointment : |
11.09.2006 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2007
|
Category |
|
Percentage |
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|
Bodies Corporate
(not mentioned above) |
|
99.99 |
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Others |
|
0.01 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Manufacturing of Pick-n-carry Craves, Hydraulic Mobile
Craves, Vibratory Compactors for Sail Asphalt Tandems Rollers, Slew Craves
and Forklifts |
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|
|
Products : |
Cranes on Tyres Front End Shovel
Loaders |
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Agencies Held : |
MATERIAL
HANDLING EQUIPMENTS
ROAD
CONSTRUCTIONS EQUIPMENTS
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
L/C and Credit (30 day) |
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Purchasing : |
L/C and Credit (60/90 day) |
PRODUCTION STATUS
|
Particulars |
Installed
Capacity |
Actual Production |
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Cranes |
1000 |
1138 |
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Loaders and Road Compaction Eq. Pt. |
450 |
159 |
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Total |
1450 |
1295 |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees
: |
296 (Office 79,
Factory 172 and Branch 45) |
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Bankers : |
Corporation Banking Branch, 16 Sansad Marg, New Delhi –
110001, India
International Trade Tower, F Block, Gorund Floor, Nehru
Place, New Delhi – 110019, India
Statesman House, Barakhamba Road, New Delhi – 110001, India
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Financial Institutions : |
IL and FS Financial Centre, Plot No. C22, G Block, Bandra
Kurla Complex, Bandra (West), Mumbai – 400051, Maharashtra, India |
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Facilities : |
The concern enjoy credit limit from its Bankers :
The company enjoys mortgage facilities of Rs. 440.000
millions from IL and FS Trust Company Limited dated 10.04.2007. |
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Banking Relations : |
Satisfactory |
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Auditors : |
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Name : |
S. N. Dhawan and Company Chartered Accountants |
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Address : |
C-37, Connaught Place, New Delhi – 110 001, India |
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Tel. No.: |
91-11-23416322 / 23417564 |
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Fax No.: |
91-11-23415021 |
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E-Mail : |
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Associates/Subsidiaries
: |
(Formerly Escorted Telecommunication Limited) |
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Holding Company : |
Escorts Limited L74899DL1944PLC001860 |
CAPITAL STRUCTURE
As on 28.09.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
119000000 |
Equity Shares |
Rs. 10/- each |
Rs.1190.000
Millions |
|
31000000 |
Preference Shares |
Rs. 10/- each |
Rs.310.000
Millions |
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|
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Total |
|
Rs.1500.000 Millions |
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs. 10/- each |
Rs. 400.000 millions |
|
31000000 |
Preference Shares |
Rs. 10/- each |
Rs. 310.000 millions |
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Total |
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Rs. 710.000 Millions |
FINANCIAL DATA
[all
figures are in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
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1] Share Capital |
710.000 |
710.000 |
710.000 |
|
|
2] Share
Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves &
Surplus |
358.654 |
114.573 |
0.000 |
|
|
4] (Accumulated
Losses) |
0.000 |
0.000 |
(69.478) |
|
|
NETWORTH |
1068.654 |
824.573 |
640.522 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
774.283 |
97.918 |
94.262 |
|
|
2] Unsecured
Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
774.283 |
97.918 |
94.262 |
|
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DEFERRED TAX
LIABILITIES |
3.517 |
0.000 |
0.000 |
|
|
|
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|
|
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TOTAL |
1846.454 |
922.491 |
734.784 |
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APPLICATION OF
FUNDS |
|
|
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|
|
|
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FIXED ASSETS [Net
Block] |
178.535 |
172.924 |
175.335 |
|
|
Capital
work-in-progress |
393.435 |
3.756 |
0.000 |
|
|
|
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|
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INVESTMENT |
105.390 |
0.140 |
0.140 |
|
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DEFERREX TAX
ASSETS |
0.000 |
30.040 |
45.608 |
|
|
|
|
|
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CURRENT ASSETS,
LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
793.597
|
567.051
|
425.944
|
|
|
Sundry Debtors |
1180.587
|
769.138
|
552.357
|
|
|
Cash & Bank
Balances |
330.642
|
103.099
|
61.064
|
|
|
Other Current
Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans &
Advances |
198.944
|
215.434
|
110.911
|
|
Total Current
Assets |
2503.770
|
1654.722
|
1150.276 |
|
|
Less : CURRENT LIABILITIES &
PROVISIONS |
|
|
|
|
|
|
Current
Liabilities |
1280.882
|
891.079
|
628.242
|
|
|
Provisions |
55.445
|
50.460
|
11.510
|
|
Total Current
Liabilities |
1336.327
|
941.539
|
639.752 |
|
|
Net Current
Assets |
1167.443
|
713.183
|
510.524
|
|
|
|
|
|
|
|
|
MISCELLANEOUS
EXPENSES |
1.651 |
2.448 |
3.177 |
|
|
|
|
|
|
|
|
TOTAL |
1846.454 |
922.491 |
734.784 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2007 |
31.03.2006 |
|
|
|
|
|
|
|
|
Sales Turnover |
5365.791 |
3599.674 |
3171.800 |
|
|
Other Income |
158.414 |
45.941 |
0.000 |
|
|
Total Income |
5524.205 |
3645.615 |
3171.800 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
390.496 |
265.829 |
267.600 |
|
|
Provision for Taxation |
127.878 |
81.777 |
111.800 |
|
|
Profit/(Loss) After Tax |
262.618 |
184.051 |
155.800 |
|
|
|
|
|
|
|
|
Export Value |
NA |
NA |
34.777 |
|
|
|
|
|
|
|
|
Import Value |
NA |
NA |
200.975 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Raw Material Consumed |
3789.441 |
2511.495 |
1883.066 |
|
|
Purchases made for re-sale |
0.000 |
0.000 |
0.000 |
|
|
Consumption of stores and spares parts |
23.527 |
18.648 |
13.031 |
|
|
Increase/(Decrease) in Finished Goods |
329.868 |
233.293 |
116.767 |
|
|
Salaries, Wages, Bonus, etc. |
170.913 |
109.868 |
84.244 |
|
|
Managerial Remuneration |
0.000 |
0.000 |
379.111 |
|
|
Payment to Auditors |
1.175 |
1.717 |
0.400 |
|
|
Interest |
15.917 |
12.250 |
11.823 |
|
|
Insurance Expenses |
5.951 |
3.387 |
1.111 |
|
|
Power & Fuel |
18.158 |
12.391 |
10.369 |
|
|
Depreciation & Amortization |
14.133 |
13.385 |
12.641 |
|
|
Other Expenditure |
764.626 |
463.348 |
391.637 |
|
Total Expenditure |
5133.709 |
3379.786 |
2904.200 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2008 |
31.03.2007 |
31.03.2005 |
|
PAT / Total
Income |
(%) |
4.75
|
2.24
|
4.91 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.02
|
7.38
|
8.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.56
|
14.54
|
0.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37
|
0.44
|
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.98
|
1.26
|
2.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.87
|
1.76
|
1.80 |
LOCAL AGENCY FURTHER INFORMATION
Profile:
Subject
has defined the evolution of India's Construction Equipment Industry over the
past 36 years. When Necessary, even entered into partnerships with global
technology leaders.
In
1971, they introduced Pick n Carry Hydraulic Cranes Mobile Cranes. They
Continue to be the World's No.1 manufacturer of this Product.
They
Successfully pioneered the concept of Backhoe Loaders in the late 70's.
The
World Class range of Vibratory Compactors that they first Introduced in the
late 80's are today reputed to provide the most effective compaction solutions
to the industry.
The
Innovation Continued... Excavators , amongst the world's most advanced, that
revolutionized earth moving technology in India in the 90's.
Forklift
Trucks that are today the preferred choice of the quality conscious users.
In
the new millenium,
they presented a contemporary range of equipment- Articulated Boom Crane, Tower
Crane, Crawler Crane and Power and Telecom utility material from the world
leaders.
They
defined customer
support by setting up the first pan india dealership network which has now
strengthened to 80 plus strategic locations covering length and breadth of the
country.
MILESTONES:
1970
: “Yellow Line”
Construction Equipment Department (predecessor of
Escorts Construction Equipment Limited) formed.
1971
: Hydraulic
mobile Pick-n-Carry crane
Front End Loader
1983
: Rough Terrain
Hydraulic mobile crane
1987
: Vibratory
Roller 10T Class
1995
: Escorts Fassi
Articulated Boom Cranes (1.72 Tm – 78 Tm)
Escorts Daewoo Fork Lift
Trucks (2T to 15T)
1996
: Escorts JLG
Aerial Work Platforms (15 feet to 150 feet)
v Telescopic
Boom Lifts
v Articulated
Boom Lifts
v Scissor
Lifts and Personnel Lifts
1997
: Escorts Franna
All Terrain PNC crane
1999
: Escorts K10
The
Next Generation Pick-N-Carry Crane
2000
: Escorts – Hamm
HD-85,
Tandem
Vibratory Roller
2001
: Escorts-M.-1000
Sugar Cane Loader
Bankers Charges Report as per Registry
|
Corporate identity number (CIN) Foreign company
registration number |
U74899DL1994PTC057458 |
|
Name of the Company |
ESCORTS CONSTRUCTION EQUIPMENT LIMITED |
|
Address |
11, Scindia House, Connaught Circus, New Delhi – 110 001,
India |
|
This form is for |
Modification of charge |
|
Type of Charge |
Immovable Property Movable Property (not being pledge) Stocks, Book Debts, Current Assets and Fixed Assets |
|
Particulars of the charge holder |
Indusind Bank Limited 28, Gopal Dass Bhawan, Barakhamba Road, New Delhi – 110001,
India L65191MH1994PLC076333 |
|
Nature or description of the instrument(s) creating or
modifying the charge |
Letter from Company Dated 29.01.2008 |
|
Date of the instrument creating or modifying the charge |
29.01.2008 |
|
Amount secured by the charge |
Rs.200.000 Millions |
|
Brief particulars of the principal terms and conditions and
extent and operation of the charge |
Rate of Interests: Interest as per loan agreements and Bank norms from time to
time Terms of repayment: Repayment as per Bank Norms Margin: Margin as per Bank Norms Extent and operation of the charge: The charge operates as continuing security inter alia, for
the due repayment by the company to the Bank to the extent of Rs.200.000
Millions together with interest additional interest, liquidated damages,
premia on repayment costs, charges, expenses and all other moneys payable by
the company to the Bank in terms of the loan agreements and Bank norms from
time to time. |
|
Short particulars of the property charged (including
location of the property) |
First Hypothecation charge on stocks including RM, WIP, FG
Trade item and Book Debts and other Current assets on pari passu basis and
second P/P charge on gross block of fixed assets of the company including
plant and machinery is to secure the CC limit Rs.100.000 Millions and LC
limit Rs.100.000 Millions (Guarantee Limit Rs.35.000 Millions) aggregating to
Rs.200.000 Millions Sanctioned to the company. Secound parri Passu charge on the immovable fixed assets of
the company. |
|
Particular of the present modification |
The Secured shall additionally secured by second pari passu
charge on the immovable property of the company other things and clauses will
remain the same. |
|
This form is for |
Modification of charge |
|
Charge identification number of the modified |
10085847 |
|
Corporate identity number of the company |
U74899DL1994PTC057458 |
|
Name of the company |
ESCORTS CONSTRUCTION EQUIPMENT LIMITED |
|
Address of the registered office or of the principal place
of business in India of the company |
11, Scindia House, Connaught Circus, New Delhi – 110 001,
India |
|
Type of charge |
Book Debts Movable Property Others |
|
Particular of charge holder |
Oriental Bank of Commerce, E Block, Connaught Place, New
Delhi-110001, India |
|
Nature of description of the instrument creating or
modifying the charge |
Common Agreement Dated 28.06.2008 Counter Guarantee Agreement Dated 28.06.2008 Supplement Agreement to Secure Credit / Loan Facilities
Dated 28.06.2008 |
|
Date of instrument Creating the charge |
28.06.2008 |
|
Amount secured by the charge |
Rs. 175.000 Millions |
|
Brief particulars of the principal terms an conditions and
extent and operation of the charge |
Rate of Interest For Cash Credit Limit
Commission and other Charges foer BG/ LC Limit LC: 70% of Schedule chages. Terms of Repayment As per Agreement Margin Fro cash credit (Hypothecation and Book Debts) Limit : RM-
25% Stock in Process – 30% Finished Goods – 25% Sapres and Stores- 25% Book Debts – 40% For Cash Guarantee/ Letter of Credit Limit : 10% ,in the
shape of duly discharged CDRs Extent and Operation of the charge Primary Security
|
|
Short particulars of the property charged |
·
First Pari Passu charge on the
current assets including stock of raw materials, semifinished goods, Finished
Goods, Consumable stocks etc. and Receivables. ·
Second charge on pari passu basis
on present and future fixed assets of the company including land at
ballabgargh. |
|
Date of latest modification prior to the present
modification |
19.12.2007 |
|
Particulars of the present modification |
The overall limit has been enhanced from Rs. 75.000
Millions To Rs. 175.000 Millions by way of increase in the combine limit of
Cash Credit (Hypothecation and Book Debts) To Rs., 100.000 Millions and
Letter of Credit cum Bank Guarantee Rs. 75.000 Millions |
Trade Reference:
- Rajdoot Enterprises, Visakhapatnam
- Unicom Distributors, Mumbai
- TVS Sundram Iyengar and Sons Limited, Chennai
- Daewoo Heavy Industries
- Fassi Gru Italy.
- Pneumatic Tahdeur Rollers
DEALERS
WEST
Asian Engineering Sales Corporation
157/D/4, Jhamtani Chambers,
Opp. KSB Pumps Limited, Pimpri, Pune 411 118
Ph : 91-20-2776478, 2773074, 2771733
Fax : 91-20-2774118
Email : xavier@asiansales.xeepnq.xccmail.com
Contact Person: Mr. Xavier Joseph
Garuda Sales and Service
Rajendra Nagar Chowk, Link Road
Above Hero Honda Show Room
Bilaspur 495 001
Bhandari Technotrade Private Limited
Rampurawala Bldg, 71 M.G. Road
Indore 452 007 (MP)
Ph : 91-731-2533445, 2538547
Fax : 91-731-2434757
Contact Person: Mr. Nitin Bhandari
B.B. Nigade and Sons
Nigade Garrage, NH-4, Sarnobatwadi
Kolhapur 416 009.
Ph : 91-231-2521043
Fax : 91-231-521824
Cosfield Sales and Service
120 Mount Road, Sadar, Nagpur 440
001
Ph: 91-712-2528540, 2534291, 2531027
Fax: 91-712-2548430, 2531027
Contact Person: Mr. Pramod Singh
Jamwal, Mr.Anil Taneja
Khadilkar
Sales and Services Limited
Mr. Panigrahi
Tel : 91-265-2430081
Khadilkar
Sales and Services Limited
Mr. Vinayak Joshi
Ph: 91-261-2871806
Rajiv Enterprises Private Limited
Rajiv House, 4, Smrutikunj, Nr.
Navrangpura P.O.
Navrangpura, Ahmedabad 380 009
Ph : 91-79-26568571, 26568574
Fax 91-79-26423595
Email: rajiv@rajivgrp.xeeahm.xemail.ems.vsnl.net.in
Contact Person: Mr. Rajiv Vastupal,
Mr. Narendra Nainani
Khadilkar Sales and Services
Limited
Parth Complex, Moti Khawdi, Nr. Rly
Crossing,
P.O. Digvijaygram, Jamnagar 361 008
Ph: 91-288-244350
Contact Person: Mr. Khanjan Antani,
91-288-274064 ®
Pratik Diesels
194-D, Gaiwadi, Girgaum Road
Mumbai 400 004
Ph : 91-22-23802036, 23826211, 23824236 (O)
Fax : 91-22-23850460, 2864645
Contact Person: Mr. Pratik Shah,
Mr.Bharat Shah
Rajat Enterprises
Naveen Bazar, Raipur 492 001 (Mp)
Ph : 91-771-2536771, 2536180, 2536733
(O)
Fax : 91-771-2536157
Contact Person: Mr. Mahavir Golecha
United Prospects Private Limited
Near Datta Mandir
Toleband Evorlim Novelim Salcete
Margoa, Goa 403 707
Ph : 91-2834-2733522, 2731745 Fax :
91-834-2733521
Contact Person: Mr. Damodar Thakur,
Mr. Srikant Desai
EAST
ABC Trading Private Limited
308, Sumati Complex
Boring Road, Patna 800 001
Ph : 91-612- 23263 ® Fax :
91-612-229159
Contact Person: Mr. V.K.Sahay
Chand Agencies
Chand Villa, Bank Area
Jamshedpur 831 001
Ph : 91-657-2425960 (O) 2425960 ®
Fax : 91-657-2425960
Contact Person: Mr. S.K.Chand, Mr
Rakesh Chand
Dhanbad Tractors and Automobiles
Shastri Nagar, Dhanbad 826 001
Ph : 91-326-2307318 (O)
2302310,2305749 ® Fax : 91-326-2307318
Contact Person: Mr. M.D. Poddar
Essem Tekno Services Private Limited
Regd Off: 85, Elliot Road (3rd
Floor)
Calcutta 700 016
Ph : 91-33-2291620 Fax :
91-33-2294347
Contact Person: Mr. S. Sen, Mr.R.
Sen
Kasi Equipments
No. 26, Forest Park, Bhubneshwar 751
009
Ph : 91-674-2538695, 2531984 (O)
2413093 (D) Fax : 91-674-2531168
Email: ksspl@cal2.vsnl.net.in
Contact Person: Mr. Sunil Taneja,
Mr. A. Mishra
Kasi Equipments
N-18, Civil Township, Rourkela 769
004
Ph : 91-661-2505650
Kasi Equipments
Hotel Ganapathy, Po Kulad, Fci Road,
Naclo Nagar 759 122 , Angul, Orissa
Ph: 91-6760-220026
Fax : 91-6760-20464
B.R. Enterprises
26, Srimanta Market
A.T. Road, Guwahati 781 001
Ph :91-361-2523966
Contact Person: Mr. Ranjit Budhia,
Mr. G.S.Agarwal
SOUTH
Stellas Engineers Private Limited
N7 and N13, Unity Buildings
J.C. Road, Bangalore 560 002
Ph : 91-80-2211722, 2274020
Fax : 91-80-2274325
Contact Person: Mr. P.S. Nathan
Karnataka Construction Equipments
Opp. Head Post Office, Station Road
Bijapur 586 101
Ph: 257516, 250216 (O) 250912 ® Fax
: 252216
Contact Person: Mr. J.N. Joshi, Mr.
P.J.Joshi
Meena Engineering Equipments Private Limited
No. 106, Chenoy Trade Centre
Parklane Road, Secunderabad 500 003
Ph : 91-40-27844955, 27869365 (O)
Fax : 91-40-27844955
Contact Person: Mr. C.B. Viswanathan
Rajdoot Enterprises
Harbour Approach Road
Visakhapatnam 530 001
Ph : 91-891-2563235, 2508616
Fax : 91-891-2560052
Contact Person: Mr. A.H.N. Venkat Rao
Shan Ani Pro Services
230, Indira Nagar
Neyveli 607 801, Tamil Nadu
Ph : 91-4142-254516
Fax: 91-4142-254770
Contact Person: Mr. Lalit Loothra,
Mr.C.D.P.Kumar
Sundaram Motors
25, Ganapathy Colony, Opp. Cenotaph
Road
Teynampet, Chennai 600 018
Ph: 91-44-24362385 (O)
Fax : 91-44-24322753
Contact Person: Mr. H.J. Iyer
T.V. Sundaram Iyengar and Sons Limited
Post Box No. 21,211,South Veli
Street
Madurai 625 001
Ph : 91-452-2628110 - 4, 232177
Fax: 91-452-2628118
Contact Person: Mr.S.Kannan
Karnataka Construction Equipments
H.No. 1052 "Shrinivas
Nilay"
3rd Cross, Mrutyunjay
Nagar
Hospet 583 203
NORTH
Anand Automobiles
152, Civil Lines, Chowki Chauraha
Bareilly 243 001
Ph : 91-581-2479829, 2470503
Fax : 91-581-2479829
Contact Person: Mr.Sanjay Anand
A Automovers Private Limited
27/2 B.N. Road, Lucknow 226 001
Ph : 91-522-23318202, 2217146,
2216395
Fax : 91-522-2217146
Contact Person: Mr.B.S.Talwar
Agarwal Enterprises
2, Sardar Patel Marg,
Civil Lines, Allahabad
Ph : 91-532-2624938, 2624924, 420653,
2624398
Fax : 91-532-2420652
Contact Person: Mr. Naveen Chanda
Hi Tech Automobiles
117/H-2/206, Pandu Nagar
Kanpur 208 005
Ph : 91-512-2213268 (O); 2219844 ®
Contact Person: Mr. Avinash Chadha
Drillcon (Raj) Private Limited
12a, Ambamata Scheme
Opp. Dig Resience, Udaipur 313 001,
Rajasthan
Ph : 91-294-2524670, 2523976,
2522462
Fax : 91-294-2523876
Contact Person: Mr. Praful Mehta
Goel Motors
Ranipur More, Goel Motors Buildings
Haridwar (UP)
Ph : 91-133-2427072
Fax : 91-133-2416993
Contact Person: Mr. Sandeep Goel
M.K. Associates
Main Road, Morwan, Singrauli 486
890, UP.
Ph : 91-7805-267021
Fax : 91-7805-266658,267021
Contact Person: Mr.Mohan Bhutani,
Mr.Pankaj Bhutani
Spark Engines Private Limited
H.O. SCF. 366, New Motor Market
Mansa Devi Road, Manimajra
Chandigarh 160 101
Ph : 91-172-2553066
Fax :91-72-26730961
Contact Person: Mr. A.K. Grover, Mr.
P.K.Verma
Tractor and Machinery Corporation
Opp. Roadways Bus Stand
Station Road, Jaipur 302 006 (Raj)
Ph : 91-141-2366980, 2360829,
2369584
Fax : 91-141-2379093
Contact Person: Mr. Mahendra
Agarwal, Mr.D.Kumar
Sabharwal Auto Stores
G.T. Road, Distt. Fetehgarh
Mandi Gobindgarh 147 301
Ph : 91-1765-256569/256083 (O)
Fax :91-1765-256083
Contact Person: Mr. Bansi Lal, Mr.
Roshan Lal
Prakash Motors
1, Prakash Enclave
Agra Mathura Bye Pass Road
Agra 282 005, UP.
Ph : 91-562-250211, 2350480
Fax : 91-562-2350914
Contact Person: Mr. Navneet Bansal
Tractor and Machinery Corporation
Khandelwal Charity Trust Bhawan
Kotri Chouraha
Kota 324 007 Ph: 91-774-220860
INTERNATIONAL
DEALERS
- Paka Overseas
13/42 Kreishna Galli, Lalitpur, GPO Box 2743
Kathmandu, Nepal
Tel 520302/3 Fax 977-1-526670/526529
E Mail: paka@mos.com.np
Contact Person: Mr.Badri K. Shrestha
- Morang Auto Works
Engineering Division
Ka 1/318, Tripureshwar, Teku Road,
P:O Box 1452, Kathmandu, Nepal
Phone 261160/261847 Fax 977 1 258935
E Mail : mawnepal@ccsl.com.np
Contact person Mr. Vishnu Agarwal/Mr. Ganesh Raghavan
- Dax Engineering Company Private Limited
97, Galle Road Colombo 3
Sri Lanka
Tel 0094 1 4455585/448527
Contact Persons : Mr. S.S. Wijayasinghe, Chairman
- Saif Powertec Corporation
873 Outer Circular Road, First floor
South Shajahanpur
Dhaka 1217, Bangladesh
Tel 00 880 2 9335723/9350081 Fax 880 2 83 53 29
E Mail : saifop@bdmail.net
- Darwish Bin Ahmed and Sons
PO Box 28883
Abu Dhabi U.A.E.
Tel 02 5884800, Fax 02 5882242
E mail mandb@emireates.net.ae
Contact person : Mr. Ram Mohan
- Arabian Engineering Services LLC
PO Box 3168, Ruwi, Area Code 112
Sultanate of Oman
Tel 00 968 594702/Fax 561631
Contact Person : Mr. S.Nagarajan, Construction Equipment Division
·
A Holdings (Pty) Limited
Crn Director Road and Green
Avenue, Aeroport
Spartan Ext.2, PO Box 600,
Kempton Park 16, South Africa
Tel 011 9294602/Fax 9294622
E Mail: group600@iafrica.com
Contact Person: Mr. Max Sheehan
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 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 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.25 |
|
UK Pound |
1 |
Rs.85.92 |
|
Euro |
1 |
Rs.68.11 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE
INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE
DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT
ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT
FACTORS |
YES/NO |
YES |
|
TOTAL |
|
51 |
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
|
RATING |
STATUS |
PROPOSED CREDIT
LINE |
|
|
>86 |
Aaa |
Possesses an
extremely sound financial base with the strongest capability for timely
payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation
is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable
& favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit
risk exists. Caution needed to be exercised |
Credit not recommended |
|
NR |
In view of the
lack of information, we have no basis upon which to recommend credit dealings |
No Rating |
|