|
Report Date : |
15.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
AACESS EQUIPMENTS |
|
|
|
|
Registered
Office : |
1st Floor, Plot No. B /8 & 9/1, IDA Kukatpally, Gandhi Nagar,
Hyderabad – 500037, Andhra Pradesh, India |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Year of
Incorporation : |
1996 |
|
|
|
|
IEC No.: |
0904015491 |
|
|
|
|
TIN No.: [Tax Identification No.] |
28690108779 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AEQPB0499A |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Manufacturer of Aacess Cranes and Equipments |
|
|
|
|
No. of
Employees: |
75 (Approximately) [25 in Office + 50 in Factory] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 160000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a well 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Ch. Murali Krishna |
|
Designation : |
Head – Marketing and Operation |
|
Contact No.: |
91-99592-22275 |
|
Date : |
11.02.2012 |
|
|
|
|
Name : |
Mr. Vijay Kumar |
|
Designation : |
Accounts Department |
|
Contact No.: |
98494-99159 |
|
Date : |
11.02.2012 |
LOCATIONS
|
Registered Office : |
1st Floor, Plot No. B /8 & 9/1, IDA Kukatpally, Gandhi Nagar,
Hyderabad – 500037, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23087064 / 66298064 / 23078064 |
|
Mobile No.: |
91-99592-22275 (Mr. Ch. Murali Krishna, Head- Mktg and Operation) |
|
Fax No.: |
91-40-23720040 |
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E-Mail : |
|
|
Website : |
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|
Area : |
1500 sq ft (Approximately) |
|
Location : |
Owned |
|
|
|
|
Factory: |
Plot No 284 / D, Phase – III, Industrial Park, Pashamylaram, Medak
District |
|
Tel. No.: |
91-8455-224108 / 99082-94888 |
|
Location : |
Owned |
SOLE PROPRIETOR/
|
Name : |
Mr. M.D. RAFE |
|
Designation : |
Proprietor |
|
Address : |
Bowenpally , Secunderabad |
|
Date of Birth/Age : |
45 Years |
|
Experience : |
15 Years |
|
Qualification : |
M.S. Materials Management |
KEY EXECUTIVES
|
Name : |
Ch. Murali Krishna |
|
|
Designation : |
Head – Marketing and Operation |
|
|
|
|
|
|
Name : |
Mr. Vijay Kumar |
|
|
Designation : |
Accounts Department |
|
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Aacess Cranes and Equipments |
|
|
|
|
Products : |
·
Aacess Cranes and Equipments ·
Gantry Cranes ·
Double Grider EOT Cranes ·
Single Grider EOT Cranes ·
Magnet Cranes ·
Partial EOT Cranes |
|
Terms : |
|
|
Selling : |
Credit – 30 days |
|
|
|
|
Purchasing : |
Credit – 30 days |
GENERAL INFORMATION
|
Customers : |
·
OEM’S and End Users Government and Public Sector Industries ·
HAL, Bangalore ·
National Aerospace Laboratories, Bangalore ·
BHEL, Hyderabad ·
BHEL, Tiruchirapalli ·
Nuclear Fuel Complex, Hyderabd ·
Hindustan Shipyard Limited, Visakhapatnam ·
BARC, Mumbai Major Private Sector Companies like ·
Larsen & Toubro Limited ·
Jaiprakash Associates Limited ·
. Kirloskar Brothers Limited ·
KCP Sugars and Industries Corporation ·
Nagarjuna Constructions Company Limited ·
Jeypore Sugars Company Limited ·
Megha Engineering and Infrastructures Company Limited ·
Asian Paints India Limited, Patancheruvu, Ankaleshwar,
Mumbai, ·
T.I.D.C India Limited, Hyderabad ·
Tecumseh Products India Limited Hyderabad ·
Ford India Limited, Maraimalai Nagar ·
Kirloskar Oil Engines, Pune ·
Voltas India Limited, Hyderabad ·
ICI Paints India Ltd., Hyderabad ·
Rane Engine Valves Limited, Medchal & Chennai, Aziznagar |
|
|
|
|
No. of Employees : |
75 (Approximately) [25 in
Office + 50 in Factory] |
|
|
|
|
Bankers : |
Syndicate Bank, N. S. Road, Hyderabad. |
|
|
|
|
Facilities : |
Credit Rs. 38.000 millions (from Syndicate Bank) |
|
Banking
Relations : |
-- |
||||||
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||||||
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Auditors : |
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||||||
|
Name : |
Kamlesh Kumar Bhargava Chartered Accountant |
||||||
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Mobile No.: |
91-98851-22875 |
||||||
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||||||
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Subsidiary 1 : |
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||||||
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Subsidiary 2 : |
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|
CAPITAL STRUCTURE
(As On 31.03.2011)
|
Capital Investment : |
|
|
Owned : |
Rs. 39.571 Millions |
|
Borrowed : |
|
|
Total : |
Rs. 39.571 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
SUMMARIZED
FIGURES
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover |
|
|
98.978 |
|
|
|
|
|
|
Other Income |
|
|
1.839 |
|
|
|
|
|
|
Administrative Expenses |
|
|
4.249 |
|
|
|
|
|
|
Manufacturing Expenses |
|
|
7.222 |
|
|
|
|
|
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Other expenses |
|
|
9.362 |
|
|
|
|
|
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Depreciation |
|
|
0.811 |
|
|
|
|
|
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Interest |
|
|
2.501 |
|
|
|
|
|
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Net Profit |
|
|
14.945 |
|
|
|
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|
Imports : |
|
|
|
|
Raw Materials |
|
|
60.380 |
|
Spares |
|
|
0.436 |
|
|
|
|
|
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Proprietors Share Capital |
|
|
39.571 |
|
|
|
|
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Secured Loans |
|
|
14.882 |
|
|
|
|
|
|
Unsecured Loans |
|
|
1.973 |
|
|
|
|
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|
Fixed Assets |
|
|
10.231 |
|
|
|
|
|
|
Inventories |
|
|
3.551 |
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|
|
|
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Sundry Debtors |
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|
46.480 |
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|
|
|
|
Cash & Bank Balances |
|
|
0.247 |
|
|
|
|
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Other Current Assets |
|
|
11.272 |
|
|
|
|
|
|
Loans & Advances |
|
|
3.851 |
|
|
|
|
|
|
Other Current Liabilities |
|
|
16.033 |
|
|
|
|
|
|
Provisions |
|
|
7.673 |
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Construction
of the firm |
Yes |
|
Premises
details |
Yes |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
- |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last one year |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
- |
|
Capital
the business |
- |
|
Details
of sister concerns |
Yes |
|
Major
Suppliers |
No |
|
Major
Customers |
Yes |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
- |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
- |
|
Last
accounts filed at ROC |
- |
|
Major
Shareholders, if applicable |
- |
STATUTORY PROFILE:
·
Income Tax
Registration No: AEQPB0499A
·
Service tax registration No: AEQPB0499A ST 002
·
Excise Registration No : AEQPB0499A XM 002
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.49.35 |
|
|
1 |
Rs.77.84 |
|
Euro |
1 |
Rs.65.35 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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 |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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.