MIRA
INFORM REPORT
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Report Date : |
27.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
PLATEROLL INDUSTRIES |
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Registered Office : |
Ichapur Ghatak Para, Kantapukur, 3rd Bye Lane, Near Water Tank,
Kadamtala, Howrah – 711 101, West Bengal |
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Country : |
India |
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Financials (as on) : |
31.03.2008 (Estimated) |
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Year of Establishment : |
1940 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer and Exporter of Plate Bending 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 13000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well – established and reputed concern meeting its normal
commitments timeously. Trade relations are fair. Business is active. The concern can be considered good for normal business dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. Suranjan Ghosh |
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Designation : |
Proprietor |
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Contact No.: |
91-9830058 |
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Date : |
26.09.2008 |
LOCATIONS
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Registered Office/ Factory : |
Ichapur Ghatak Para, Kantapukur, 3rd Bye Lane, Near Water
Tank, Kadamtala, Howrah – 711 101, West Bengal, India |
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Tel. No.: |
91-33-26672659 / 26778104 / 26534269 / 26772186 |
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Mobile No.: |
91-9830058254 (Mr. Suranjan
Ghosh) |
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Fax No.: |
91-33-26772186 |
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E-Mail : |
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Website : |
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Area : |
Owned (Office cum Factory) |
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Location : |
3000 Sq.fts |
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Workshop : |
Howrah Ampa Road, Balipikudi, Near Japani Check Post, Howrah – 711 101,
West Bengal, India |
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Area : |
1 Acre |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Suranjan Ghosh |
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Designation : |
Proprietor |
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Date of Birth/Age : |
28 years |
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Qualification : |
HSC |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Plate Bending Machines. |
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Exports : |
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Countries : |
African Countries, China, Nepal |
GENERAL
INFORMATION
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Customers : |
End User, OEM’s |
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No. of Employees : |
60 |
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Bankers : |
Andhra Bank, Howrah Branch, 21/1 Natavar Paul Road, Howrah – 711 101,
West Bengal, India Howrah Branch, |
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Banking
Relations : |
Satisfactory |
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Auditors : |
Not Divulged |
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Associates/Subsidiaries : |
P. M. Engineering Address: Ichapur Ghatak
Para, Kantapukur, 3rd Bye Lane, Near Water Tank, Kadamtala, Howrah
– 711 101, West Bengal, India |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 2.500 millions (Estimated) |
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Borrowed : |
--- |
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Total : |
Rs. 2.500 millions (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 (Estimated) |
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Sales Turnover |
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10.000 |
Expected Sales (2008-09): Rs.10.000 millions
LOCAL AGENCY FURTHER
INFORMATION
WEBSITE DETAILS:-
As a veteran player in the industry, they are a business house with decades of
rich experience behind them. The
concern was founded in the year 1967 and for the last four decades, it has
come a long way to be a pioneering industrial innovator in design and
development of Plate Bending Machines.
Today, they are a dominant player in the industry, having emerged as an
unchallenged leader. Clients rely on them as the most reliable manufacturer and exporter in their
arena, with an unmatched reputation in the industry for strict adherence to the
best business ethics.
At the concern,
they believe that success is synonymous to customer satisfaction. Their
products offer distinctive customer solutions countrywide and in different
parts of the globe, especially Asia and Africa. They export almost 30% of their
products to the international market and have global reputation for their
uncompromising customer centric approaches. Their concern offers customized
services in Heavy Gauge Plate Bending Jobs, and always keeps itself agile to
the latest technologies and new opportunities in the industry.
Products
With a global vision, the concern is a dynamic group of professionals engaged
in the industry as a manufacturer and exporter of Plate Bending Machines since 1967. Over the years, they have
acquired in-depth industry knowledge, experience and expertise in their field
and thus established their selves as a distinguished brand. What sets their
products apart from others in this highly competitive market is their premium
quality, advanced technology, innovative features and competitive price. Their
products are designed for a lifetime, require less maintenance and offer
precise performance.
Quality
The quality policy of their concern defines the requirements and procedures to
be followed by all of them at The concern. The policy is based upon their
philosophy for continual improvement of their performance in all activities. As
per this policy, they perform stringent quality checking of products at every
level. In the manufacturing process, superlative grade mild steel (carbon
steel- EN8, EN9, EN24, EN32, C45, etc.) is used and most sophisticated
production technologies are applied. Each and every product goes through a
series of checking and rechecking before being finally delivered to the
clients. As a result, there remains not an iota of doubt that their finished
products are flawless in quality, free from any sort of manufacturing defects
and best in the market.
Strength
The secret behind the glorious existence of the concern for such a long time is
its consistency in performance. They can meet the requirements of time,
technology and the market because of their well established infrastructure. The
factory premise of their concern is spread over a massive area and they have
installed captive facilities for production, quality testing, R and D and for
all other required activities, under one roof. Manufacturing technologies are
upgraded time to time as per the latest technical advancements. In addition,
their workforce comprises of highly skilled technocrats who have years of rich
industry experience. All these empower them to keep their selves steps ahead of
their competitors in the industry.
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 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.46.43 |
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UK Pound |
1 |
Rs.85.38 |
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Euro |
1 |
Rs.67.95 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
YES |
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--AFFILIATION |
YES/NO |
YES |
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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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