MIRA
INFORM REPORT
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Report Date : |
08.09.2011 |
IDENTIFICATION DETAILS
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Name : |
ATE WELDING ENGINEERING ROBOTICS AND AUTOMATION PRIVATE LIMITED |
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Registered
Office : |
Plot No. A-12, H Block, MIDC, Pimpri, Pune-411018, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of Incorporation
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11.06.2009 |
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Com. Reg. No.: |
11-134108 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U29193PN2009PTC134108 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
PNEA12719A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Manufacturing, Exporter and Importer of the Welding Machines |
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No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (26) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
-- |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a successor of ATE Engineering Enterprises a proprietory
concern started in the year 1987. It is a company having moderate track. Trade relations are reported as
fair. Business is active. Payments are reported to be slow but correct. The company can be considered for small 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 – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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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 : |
Mr. Akshat Sinha |
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Designation : |
Director |
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Contact No.: |
91-9823041379 |
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Date : |
23.08.2011 |
LOCATIONS
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Registered Office : |
Plot No. A-12, H Block, MIDC, Pimpri, Pune-411018, |
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Tel. No.: |
91-20-27474457 |
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Mobile No.: |
91-9823041379 (Mr. Akshat
Sinha) |
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Fax No.: |
91-20-27474457 |
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E-Mail : |
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Website : |
http://www.ate_@engg.com |
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Area : |
2000 Sq. ft. |
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Location : |
Owned |
DIRECTORS
As on 31.03.2010
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Name : |
Mr. Akshat Sinha |
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Designation : |
Director |
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Address : |
3, Anand Apartment, Shridhar
Nagar, Chinchwad, Pune-411033 |
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Date of Birth/Age : |
23.04.1980 |
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Qualification : |
B.E. |
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Name : |
Mr. Asit Sinha |
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Designation : |
Director |
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Address : |
4, Anand Apartment, Shridhar
Nagar, Chinchwad, Pune-411033 |
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Date of Birth/Age : |
17.03.1952 |
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Qualification : |
BAC |
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Name : |
Mr. Saras A. Sinha |
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Designation : |
Director |
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Address : |
4, Anand Apartment, Shridhar Nagar,
Chinchwad, Pune-411033 |
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Date of Birth/Age : |
02.10.1957 |
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Qualification : |
BSC |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.05.2009
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Names of Shareholders |
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No. of Shares |
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Asit Sinha |
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2500 |
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Saras A. Sinha |
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95000 |
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Akshat Sinha |
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2500 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing, Exporter and Importer of the Welding Machines |
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Products : |
●
MMA / Arc Welding Equipment ●
TIG / Argon Welding Equipment ●
MIG / CO2 Welding Equipment ●
SAW / Sub Arc Welding Equipment ●
Plasma Cutting Welding Equipment ●
Automation and Robots for Welding Equipment ●
Diesel Welding Generators ●
Welding Accessories, etc. |
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Exports : |
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Products : |
Welding Machines |
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Countries : |
Middle East |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
Canada ·
China |
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Terms : |
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Selling : |
Cash and Credit (30 days) |
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Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
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Customers : |
·
End Users ·
Manufacturer |
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No. of Employees : |
25 (Approximately) |
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Bankers : |
Bank of Baroda, SME Saket, Branch |
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Facilities : |
C.C. 2.500 Millions |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Jayen Uncle and Associate Chartered Accountant |
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Memberships : |
●
National small Industries Corporation (NSIC) ●
Mahratta Chamber of Commerce. |
CAPITAL STRUCTURE
As on : 31.03.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Million |
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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 |
15.000 (Approximately) |
12.000 (Approximately) |
10.000 (Approximately) |
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The above information has been parted by Mr. Akshat Sinha.
LOCAL AGENCY FURTHER INFORMATION
Note :
Subject was established in 1987 as a
proprietorship with name “ATE ENGINEERING ENTERPRISES” and in June 2009 it converted
into Private Limited with Name “ ATE WELDING ENGINEERING ROBOTICS AND
AUTOMATION PRIVATE LIMITED”
All business activity are same
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 46.02 |
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1 |
Rs. 73.60 |
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Euro |
1 |
Rs. 64.77 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
2 |
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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 |
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26 |
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.