MIRA
INFORM REPORT
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Report Date : |
09.12.2011 |
IDENTIFICATION DETAILS
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Name : |
MANGAL ENGINEERS AND CONSULTANTS |
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Registered
Office : |
B – XXX 2185/A/32/2, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Year of
Establishment : |
2005 |
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Capital
Investment / Paid-up Capital : |
Rs.1.500 millions (Estimated) |
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TIN No.: |
03492007926 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Manufacturer, Exporter and Importer of power control solutions, 50kva
servo stabilizers, 50kva automatic voltage stabilizers, automatic power factor
controller, rectifiers, electrical panels, dc welding machine, voltage
regulators, vertical rolling voltage regulators, distribution transformers,
isolation transformers. |
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No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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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 6000 |
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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 an established proprietory concern having satisfactory
track. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Kamal Mangal |
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Designation : |
Proprietor |
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Contact No.: |
91-9316949700 |
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Date : |
08.12.2011 |
LOCATIONS
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Registered Office/Factory : |
B – XXX 2185/A/32/2, |
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Tel. No.: |
91-161-4647936 |
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Mobile No.: |
91-9316949700 (Mr. Kamal Mangal) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Kamal Mangal |
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Designation : |
Proprietor |
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Address : |
Gobindgarh, |
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Date of Birth/Age : |
27 Years |
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Qualification : |
B Tec Electrical |
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Experience : |
5 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of power control solutions, 50kva servo
stabilizers, 50kva automatic voltage stabilizers, automatic power factor
controller, rectifiers, electrical panels, dc welding machine, voltage
regulators, vertical rolling voltage regulators, distribution transformers,
isolation transformers. |
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Products : |
·
Voltage Stabilizers o
o
Servo Voltage Stabilizer ·
Automatic Voltage Regulator ·
DC Rectifiers ·
Distribution Transformer ·
Special Purpose Transformer o
Isolation Transformer o
Balancing Transformers ·
Automatic Power Factor Controller ·
Power Distribution Panels ·
Vertical Rolling Voltage Regulators ·
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Exports : |
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Products : |
Power control solutions, 50kva servo stabilizers, 50kva automatic voltage
stabilizers, automatic power factor controller, rectifiers, electrical
panels, dc welding machine, voltage regulators, vertical rolling voltage
regulators, distribution transformers, isolation transformers. |
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Countries : |
Asian Countries |
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Terms : |
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Selling : |
L/C, Cash and Credit (30 days) |
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Purchasing : |
Cash and Credit (30 days) |
Automatic Voltage StabilizerGENERAL INFORMATION
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Customers : |
·
Retailers ·
Others |
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No. of Employees : |
20 (Approximately) |
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Bankers : |
State Bank of Gobindgarh, |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2011
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Capital Investment : |
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Owned : |
Rs.1.500 millions (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs.1.500 millions (Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
31.03.2011 |
31.03.2010 |
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Sales Turnover (Approximately) |
|
12.500 |
10.000 |
The above information has been parted by Mr. Kamal Mangal
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check List by Info Agents |
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1. |
Year of Establishment |
YES |
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2. |
Locality of the firm |
YES |
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3. |
Constitutions of the firm |
YES |
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4. |
Premises details |
YES |
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5. |
Type of Business |
YES |
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6. |
Line of Business |
YES |
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7. |
Promoter’s background |
-- |
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8. |
No. of employees |
YES |
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9. |
Name of person contacted |
YES |
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10. |
Designation of contact person |
YES |
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11. |
Turnover of firm for last three years |
YES |
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12. |
Profitability for last three years |
NO |
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13. |
Reasons for variations <> 20% |
NO |
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14. |
Estimation for coming financial year |
NO |
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15. |
Capital in the business |
YES |
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16. |
Details of sister concerns |
NO |
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17. |
Major Suppliers |
NO |
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18. |
Major Customers |
NO |
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19. |
Payment terms |
YES |
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20. |
Export / Import details (is applicable) |
YES |
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21. |
Market information |
-- |
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22. |
Litigation that the firm / promoter involved
in |
-- |
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23. |
Banking Details |
YES |
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24. |
Banking facility details |
NO |
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25. |
Conduct of the banking account |
-- |
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26. |
Buyer visit details |
-- |
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27. |
Financials, if provided |
NO |
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28. |
Incorporation details, if applicable |
-- |
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29. |
Last accounts filed at ROC |
-- |
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30. |
Major Shareholders, is available |
-- |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.77 |
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|
1 |
Rs.81.32 |
|
Euro |
1 |
Rs.69.42 |
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 |
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 |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.