MIRA
INFORM REPORT
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Report Date : |
23.11.2011 |
IDENTIFICATION DETAILS
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Name : |
HMB ENGINEERING |
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Registered
Office : |
D-371, 2nd Floor, Sector-10, Noida-201301, Uttar Pradesh |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Year of Establishment : |
April, 2000 |
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Capital
Investment/ Paid-up Capital: |
Rs.1.500 millions |
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TIN No.: |
09965802448 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Manufacturer, Supplier and Exporter of Stainless Steel Wire Mesh,
Conveyor Belt, Crimped Wire Mesh, Vibrating Screen, Perforated Sheet, Vibrating
Screen Cloth, Dovex Wire Mesh. |
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No. of
Employees: |
12 (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 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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India |
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. Amit Jain |
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Designation : |
Proprietor |
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Contact No.: |
91-9911399006 |
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Date : |
22.11.2011 |
LOCATIONS
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Registered Office / Factory : |
D-371, 2nd Floor, Sector-10, Noida-201301, Uttar Pradesh,
India |
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Tel. No.: |
91-120-4333744 / 3290908 |
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Mobile No.: |
91-9911399006 (Mr. Amit Jain) |
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Fax No.: |
91-120-4333744 |
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E-Mail : |
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Website : |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Amit Jain |
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Designation : |
Proprietor |
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Address : |
Noida, |
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Date of Birth/Age : |
30 Years |
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Qualification : |
Graduate |
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Experience : |
8 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Supplier and Exporter of Stainless Steel Wire Mesh,
Conveyor Belt, Crimped Wire Mesh, Vibrating Screen, Perforated Sheet,
Vibrating Screen Cloth, Dovex Wire Mesh. |
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Products : |
· Wire Mesh · Vibrating Screen · Vibrating Screen Cloth · Perforated Sheet · Demister Pad · Conveyor Belt ·
Rubeer Conveyor Belt |
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Exports : |
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Products : |
·
Wire Meshes ·
Vibrating Screen |
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Countries : |
·
Bahrain ·
Kenya ·
Uganda |
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Terms : |
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Selling : |
L/C / Cash / Credit |
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Purchasing : |
L/C / Cash / Credit |
GENERAL INFORMATION
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Customers : |
Bajaj |
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Type of Customers : |
Corporates |
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No. of Employees : |
12 (Approximately) |
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Bankers : |
·
Bank of ·
HDFC Bank, Sector 19, Noida, Uttar Pradesh, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S.K. Jain and Company Chartered Accountants |
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Address : |
Uttar Pradesh, India |
CAPITAL STRUCTURE
(AS ON 31.03.2011)
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Capital Investment : |
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Owned : |
Rs.1.500 millions |
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Borrowed : |
-- |
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Total : |
Rs.1.500 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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Sales Turnover (approximately) |
16.000 |
10.000 |
10.000 |
Expected Sales (2011-2012) : Rs.20.000 millions.
The above information has been parted by Mr. Amit Jain.
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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Check List by
Info Agents |
Available in
reports |
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1) Year of
Establishment |
Yes |
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2) Locality of
the Firm |
Yes |
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3) Constitution
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 of last three years |
Yes |
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12)
Profitability for last three years |
--------- |
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13) Reasons for
variations <> 20% |
--------- |
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14) Estimation
for coming financial year |
Yes |
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15) Capital in the
business |
Yes |
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16) Details of
Sister concern |
No |
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17) Major
Suppliers |
No |
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18) Major
Customers |
Yes |
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19) Payments
terms |
Yes |
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20) Export /
Import details (if applicable) |
Yes |
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21) Market
Information |
--------- |
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22) Litigation that
the firm / promoter involved |
--------- |
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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 account
field at ROC |
---------- |
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30) Major
Shareholders, if available |
---------- |
NOTE:
The Registered Office of the company has been
shifted from I-45, 1st Floor, Sector - 9, Noida – 201 301, Uttar Pradesh,
India to the present address.
TRADE REFERENCE:
·
Bajaj
WEBSITE DETAILS:
Company Profile:
Subject are a highly acclaimed manufacturer, supplier and exporter of Stainless Steel Wire Mesh, Conveyor Belt, Crimped Wire Mesh, Vibrating Screen, Perforated Sheet, Vibrating Screen Cloth, Dovex Wire Mesh, Demister Pad and various wire processed products.
The company was established in the year 2000 by the visionary founder Mr. Amit
Jain. Since then, they focus to deliver premium quality products and consistent
quality in order to achieve complete customer satisfaction. The remarkable
expertise in manufacturing broad range of technically superior products places
us among the renowned suppliers in the industry domain. The range of products
finds ample applications in various industrial, commercial and domestic works.
They offer the range of products in standard specifications used across several
industries as well as they provide customized products to meet the specific
requirements of the clients effectively.
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.52.70 |
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|
1 |
Rs.82.44 |
|
Euro |
1 |
Rs.71.08 |
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
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
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 |
|
- |
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.