MIRA
INFORM REPORT
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Report Date : |
04.07.2011 |
IDENTIFICATION DETAILS
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Name : |
AB AND COMPANY ENGINEERS |
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Registered
Office : |
138, Bommasandra Industrial Area, Nr. BMTC Cross, Hosur Road, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Year of
Establishment : |
2000 |
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Capital
Investment / Paid-up Capital : |
Not Divulged |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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Line of Business
: |
Manufacturing /
Supplier / Designer / Erector
Services Offered
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No. of Employees
: |
30 [in factory 25] 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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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 partnership 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 concern 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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 : |
Miss Anitha |
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Designation : |
Office Assistant |
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Contact No.: |
91-8110-415605 |
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Date : |
25.06.2011 |
LOCATIONS
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Registered Office/Factory : |
138, Bommasandra Industrial Area, Nr. BMTC Cross, Hosur Road, |
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Tel. No.: |
91-8110-415605 91-80-27831043 / 25538880 |
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Mobile No.: |
91-9845115124 [Mr. V. Benkal] |
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Fax No.: |
91-8110-415627 91-80-27831043 / 25538880 |
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E-Mail : |
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Website : |
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Branches : |
Located at |
PARTNERS
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Name : |
Mr. V Benkel |
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Designation : |
Managing Partner |
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Name : |
Mr. A. P. Benkel |
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Designation : |
Brother of Mr. V. Benkel |
KEY EXECUTIVES
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Name : |
Miss Anitha |
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Designation : |
Office Assistant |
BUSINESS DETAILS
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Line of Business : |
Manufacturing /
Supplier / Designer / Erector
Services Offered
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Terms : |
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Selling : |
- |
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Purchasing : |
Credit [30 Days] |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
30 [in factory 25] Approximately |
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Bankers : |
Canara Bank, SME Branch, Bommasandra, |
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Facilities : |
-- |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Divulged |
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Borrowed : |
Not Divulged |
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Total : |
-- |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2011 |
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Sales Turnover [Approximately] |
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15.000 |
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The above information has been parted by Miss Anitha [Office Assistant]
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
LOCAL AGENCY FURTHER INFORMATION
Trade References :
- Araco Automotive India Private Limited
- Ashok Leylands Limited
- Aisin NTTF India Private Limited
- Advita Industries Private Limited
- Luk India Private Limited, Hosur
- HHV Private Limited, Peenya,
- Kone Cranes India Private Limited, Pune
- Yukogwa Blue Star Private Limited
- Universal Power Transformers Private
Limited, Haridwar
- Universal Power Transformers Private
Limited,
- Madhucon Granite Industries, Hosur
- GE BEL Limited
- BOSCH REXROTH Private Limited,
- ITC
- Sintex Industries Private Limited,
- Coco Cola,
- MTR Foods Private Limited
- FESTO Controls Private Limited
- Spicer India Limited, Hosur
- Timken Engineering and Research India
Private Limited
- Taegu Tec India Private Limited
- Karnataka Metal Corporations,
- SS Industries,
AB AND COMPANY
ENGINEERS
ABCO
Engineers is a rapidly growing Material Handling Solutions provider with more
than 100 man years of experience in the design, manufacturing and supply of
modern material handling equipments that improve Productivity in the working
environment, Cut the production delivery times and Reduce storage and Handling
costs.
From simple
to the most complex and demanding manufacturing process and logistics
activities, ABCO Engineers has ABCO Products to suit to your various
applications.
ONE STOP SHOP FOR MATERIAL
HANDLING SOLUTIONS
From Components to Cranes to Hoists to Freight Elevators to
Winches to Store stacker crane, we provide the most exhaustive range of
material handling products.
And not
only products, but also Technical, Design and Engineering inputs and
Consultancy to provide the most optimum solutions for your needs. The
Automotive industries, Granite industries ,Electro plating Industries ,Food
processing industries , and Steel foundries are standing testimonial to this
fact.
Their Factory is equipped to handle orders for design, manufacture, supply and commissioning of all types material handling systems like Cranes, Hoists, Cage/Goods Lift, Fixed Fork Lifts, Winches, Custom Built Trolleys, Special Purpose Lifting Tackles, and also offers consultancy and services in the areas of erection, commissioning, testing of Cranes and Hoists supplied by others/imported equipments.
They have the infrastructure to provide services in the areas of design and manufacturing of :
- EOT Cranes 1
Ton to 70 Tons Capacity up to 30 meters span.
- Gantry/Goliath
Cranes of Capacity 1 Ton to 80 Tons up to 30 meters span.
- Electric Wire
Rope Hoists 500 Kgs to 20, 000 Kgs capacity.
- Jib Cranes
0.5 Ton to 5 Ton 6 meter Jib Arm radius.
- Cage
Lifts/Goods Lifts/Drum Elevators 500 Kgs to 4,000 Kgs. up to unlimited
vertical rise.
- Fixed Fork
Lifts 500 to 2,000 Kgs up to unlimited vertical rise.
- Straight/Curved
Monorail systems with under slung electric wire rope Hoist.
- Gondola
Machines/Multi Storied Building Maintenance Winch Cradle which is used for
glass fixing / maintenance.
- Balanced ‘C’
Hooks for handling coils 1 Ton to 40 Tons.
- Transfer Cars
10 Ton to 120 Tons
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.44.58 |
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|
1 |
Rs.71.75 |
|
Euro |
1 |
Rs.64.80 |
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 |
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 |
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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- |
NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.