MIRA INFORM REPORT

 

 

Report Date :

02.07.2011

 

IDENTIFICATION DETAILS

 

Name :

PREET MACHINES LIMITED (w.e.f. 28.02.2008)

 

 

Formerly Known As :

PREET MACHINES PRIVATE LIMITED

 

 

Registered Office :

64, Pushpanjali, Delhi – 110 092

 

 

Country :

India

 

 

Financials (as on) :

31.03.2010

 

 

Date of Incorporation :

09.01.2001

 

 

Com. Reg. No.:

55-109126

 

 

Capital Investment / Paid-up Capital :

Rs.42.173 millions

 

 

CIN No.:

[Company Identification No.]

U74899DL2001PLC109126

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELP14624B

 

 

PAN No.:

[Permanent Account No.]

AADCP4281A

 

 

Legal Form :

A closely held public limited liability company

 

 

Line of Business :

Manufacturer, Exporter and Importer of Rolling Mill and Sugar Mill Machinery.

 

 

No. of Employees :

1150 Approximately

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (29)

 

RATING

STATUS

 

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 630000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having moderate track. There appears to be some dip in the turnover and profitability of the company. However, trade relations are reported as fair. Business is active. Payments are reported to be slow but correct.

 

The company can be considered for business dealings with some cautions. 

 

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 – April 1, 2010

 

Country Name

Previous Rating

(31.12.2009)

Current Rating

(01.04.2010)

India

A1

A1