MIRA
INFORM REPORT
|
Report Date : |
22.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
HI-CON TECHNO CAST PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. D-6, Road No. 11, Lodhika Industrial Estate, GIDC Metoda, Kalavad
Road, Metoda, Rajkot – 360035, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
06.06.2003 |
|
|
|
|
Com. Reg. No.: |
04-042466 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.350
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27104GJ2003PTC042466 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Investment Casting, Feinguss, Micro Fusion. |
|
|
|
|
No. of Employees
: |
350 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track. There appears a
considerable increase in the sales turnover and profitability of the company
during the current year 2011. Trade relations are reported as trustworthy.
Business is active. Payments are reported to be usually correct and as per
commitments. The company can be considered good 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.
INFORMATION PARTED BY
|
Name : |
Mr. Manish |
|
Designation : |
Export Manager |
|
Contact No.: |
91-2827-287901 |
|
Date : |
21.06.2012 |
LOCATIONS
|
Registered Office / Factory: |
Plot No. D-6, Road No. 11, Lodhika Industrial Estate, GIDC Metoda,
Kalavad Road, Metoda, Rajkot – 360035, Gujarat, India |
|
Tel. No.: |
91-2827-287901/3 |
|
Fax No.: |
91-2827-287902 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
(AS ON 31.03.2011)
|
Name : |
Mr. Krushnakant Chhaganbhai Mendpara |
|
Designation : |
Director |
|
Address : |
11- |
|
Date of Appointment : |
06.06.2006 |
|
DIN No.: |
01139715 |
|
|
|
|
Name : |
Mr. Shailesh Vallabhdas Makdia |
|
Designation : |
Director |
|
Address : |
125, Vrundavan
society, |
|
Date of Appointment : |
06.06.2006 |
|
DIN No.: |
00593049 |
|
|
|
|
Name : |
Mr. Manishkumar Natwarlal Khachar |
|
Designation : |
Director |
|
Address : |
Bhaktidham
society, Block No.23, |
|
Date of Appointment : |
06.06.2006 |
|
DIN No.: |
01139659 |
|
|
|
|
Name : |
Mr. Kaushik Arjanbhai Gardharia |
|
Designation : |
Director |
|
Address : |
47, Janakpuri
society, |
|
Date of Appointment : |
05.11.2003 |
|
DIN No.: |
00165974 |
KEY EXECUTIVES
|
Name : |
Mr. Manish |
|
Designation : |
Export Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of shareholders |
|
No. of shares |
|
Shailesh vallabhdas makdia |
|
109000 |
|
Krushnakant chhaganbhai mendpara |
|
55000 |
|
Manishkumar natwarlal khachar |
|
51500 |
|
|
|
15000 |
|
Alpaben anishbhai khachar |
|
5000 |
|
Bharat ratilalbhai khachar |
|
40000 |
|
Truptiben bharatbhai khachar |
|
10000 |
|
Ramesh kantibhai khachar |
|
47500 |
|
Hansaben rameshbhai khachar |
|
5000 |
|
Arjan gopalbhai Gardharia |
|
33000 |
|
Kaushik Arjanbhai Gardharia |
|
32000 |
|
Sandip Vallabhbhai Makadia |
|
15000 |
|
Beena Sandipbhai Makadia |
|
12000 |
|
Dakshaben Shaileshbhai Makadia |
|
20000 |
|
Parvatiben Vallabhbhai Makadia |
|
30000 |
|
Natvarlal Ranchhodbhai Khachar |
|
15000 |
|
Rambhaben Devshibhai Marvania |
|
35000 |
|
Vallabhbhai .V. Makadia |
|
100000 |
|
Kantbhai Ranchhodbhai Khachar |
|
10000 |
|
Ratilal Ranchhodbhai Khachar |
|
10000 |
|
Rng Finlease Private Limited, |
|
85000 |
|
TOTAL |
|
735000 |
As on 15.09.2011
|
Names of Allottee |
|
No. of shares |
|
Ganesh Complex Private Limited, |
|
1150000 |
|
Total |
|
1150000 |
As on 17.12.2011
|
Names of Allottee |
|
No. of shares |
|
Ganesh Complex Private Limited, |
|
9000000 |
|
Total |
|
9000000 |
As on 30.09.2011
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
11.56 |
|
Directors or relatives of directors |
|
88.44 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Investment Casting, Feinguss, Micro Fusion. |
|
|
|
|
Exports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit (30 Days / 60 Days) |
|
|
|
|
Purchasing : |
L/C, Cash and Credit (30 Days / 60 Days) |
PRODUCTION STATUS
|
Particulars |
Unit |
As
on 31.03.2011 |
|
|
|
|
|
Licensed Capacity |
M.T. |
Not Applicable |
|
Installed Capacity |
M.T. |
1100.00 |
|
|
|
|
GENERAL INFORMATION
|
Customers : |
Wholsalers Retailers and End Users |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
350 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
Bank of |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
H. Jamnadas and Company Chartered Accoutants |
|
Address : |
217-219 Heera Panna Complex, Dr. Yagnik road, |
|
PAN NO.: |
AABFH2320P |
|
|
|
|
Associates Company : |
|
CAPITAL STRUCTURE
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
735000 |
Equity Shares |
Rs.10/- each |
Rs. 7.350
Millions |
|
|
|
|
|
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs.10/- each |
Rs. 110.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10885000 |
Equity Shares |
Rs.10/- each |
Rs. 108.850 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
7.350 |
7.350 |
7.350 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
40.383 |
26.994 |
20.642 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
47.733 |
34.344 |
27.992 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
95.848 |
66.045 |
34.230 |
|
|
2] Unsecured Loans |
12.599 |
12.579 |
10.675 |
|
|
TOTAL BORROWING |
108.447 |
78.624 |
44.905 |
|
|
DEFERRED TAX LIABILITIES |
3.006 |
1.438 |
1.192 |
|
|
|
|
|
|
|
|
TOTAL |
159.186 |
114.406 |
74.089 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
91.619 |
70.988 |
37.858 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
29.647
|
17.276 |
11.147 |
|
|
Sundry Debtors |
78.260
|
48.433 |
41.392 |
|
|
Cash & Bank Balances |
1.225
|
8.753 |
0.548 |
|
|
Other Current Assets |
3.028
|
2.051 |
2.051 |
|
|
Loans & Advances |
13.083
|
4.503 |
8.715 |
|
Total
Current Assets |
125.243
|
81.016 |
63.853 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
49.925
|
32.717 |
23.436 |
|
|
Other Current Liabilities |
2.146
|
1.995 |
2.014 |
|
|
Provisions |
5.730
|
2.908 |
2.207 |
|
Total
Current Liabilities |
57.801
|
37.620 |
27.657 |
|
|
Net Current Assets |
67.442
|
43.396 |
36.196 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.125 |
0.022 |
0.035 |
|
|
|
|
|
|
|
|
TOTAL |
159.186 |
114.406 |
74.089 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
257.482 |
151.479 |
149.993 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
257.482 |
151.479 |
149.993 |
|
|
|
|
|
|
|
|
Less |
EXPENSES
(B) |
219.142 |
129.645 |
131.798 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
38.340 |
21.834 |
18.195 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.345 |
7.067 |
6.274 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
27.995 |
14.767 |
11.921 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.307 |
5.254 |
4.807 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
20.688 |
9.513 |
7.114 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.298 |
3.154 |
2.486 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
13.390 |
6.359 |
4.628 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Direct Export Sales |
|
|
|
|
|
|
- Steel Castings |
25.672 |
14.280 |
15.436 |
|
|
|
- Dies |
|
3.456 |
|
|
|
|
Die Modification Income |
0.000 |
0.194 |
0.000 |
|
|
|
Freight & Labour Expense on Sales |
0.000 |
0.022 |
0.000 |
|
|
|
Jobwork Income |
0.000 |
0.005 |
0.000 |
|
|
TOTAL EARNINGS |
25.672 |
17.957 |
15.436 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
18.22 |
-- |
-- |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
430.000 |
|
|
|
|
|
Expected Sales (2012-2013) : Rs. 600.000 Millions
The above information has been parted by Mr. Manish
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.20
|
4.20 |
3.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.54
|
6.26 |
6.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.43
|
0.28 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.55
|
1.50 |
2.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.17
|
2.15 |
2.31 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
As
on 31.03.2011 Rs.
in Millions |
As
on 31.03.2010 Rs.
in Millions |
As
on 31.03.2009 Rs.
in Millions |
|
SUNDRY
CREDITORS |
|
|
|
|
For
Goods |
30.449 |
25.733 |
19.906 |
|
For
Expenses |
18.693 |
5.585 |
3.208 |
|
For
Assets |
0.783 |
1.399 |
0.322 |
|
Total |
49.925
|
32.717 |
23.436 |
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
No |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
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 three years |
Yes |
|
Reasons for variation <> 20% |
--------- |
|
Estimation for coming financial year |
Yes |
|
Capital in the business |
Yes |
|
Details of sister concerns |
Yes |
|
Major Suppliers |
No |
|
Major Customers |
No |
|
Payments Terms |
Yes |
|
Export/ Imports Details (If applicable) |
Yes |
|
Market Information |
------------- |
|
Litigations that the firm/ Promoters Involved in |
------------ |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
------------ |
|
Buyer visit details |
------------- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
NOTE:
The company changed its registered office from D 109, Rajdoot
Industrial Estate, 5 Umakant Pandit, Nagar Rajkot - 360004, Gujarat, India to
present address w.e.f. 02.02.2007.
PRESENT STATUS AND FUTURE OUTLOOK:
The Company has
achieved the turn over of Rs. 257.482 Millions during the financial year
covered under audit. The Company has earned a profit of Rs. 38.340 Millions
before providing for depreciation and interest and a Profit of Rs. 20.688
Millions after providing for
depreciation and interest. The prospects for the Company's business are very
bright and positive.
BANK CHARGES:
|
Corporate
identity number of the company |
U27104GJ2003PTC042466 |
|
Name of the
company |
HI-CON TECHNO
CAST PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. D-6, Road No. 11, Lodhika Industrial Estate, GIDC Metoda,
Kalavad Road, Metoda, Rajkot – 360035, Gujarat, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10239885 |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Bank of |
|
Nature of
description of the instrument creating or modifying the charge |
Deed of
Modification |
|
Date of
instrument Creating the charge |
15.05.2012 |
|
Amount secured by
the charge |
Rs. 322.500
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Margin Term Loan-III :
30% Term Loan- IV :
26% Cash Credit
(Stock) : 25% Cash Crdit (Book-Debts)
: 40% EPC/ PCFC/ PSCFC
: 10% LC- I (DP) : 10% Extent and
Operation of the charge The Charge over
Immovable Properties extends to secure the repayment of entire enhanced/
revised credit facilities of Rs. 322.500 Millions which includes the Foreign
Currency Loan of USD 13,00,000 (Equivalent to Rs.69.953 Millions) together
with Interests, Costs, Charges and Expenses thereon. |
|
Short particulars
of the property charged |
Land adm. 11239.88
Sq. Mtrs. of Plot No. G/1321 of Survey No.167/1/2 paiki and 169/p of
Khirasara, Tal. Lodhika, located at GIDC, Lodhika Industrial Estate,
Khirasara, Tal. Lodhika, Dist. Land adm. 500 Sq.
Mtrs. of Plot No. D/8-B with Building thereon of Survey No.52 paiki of Vajdi
(Vad) Tal. Lodhika, located at GIDC, Lodhika Industrial Estate, Khirasara,
Tal. Lodhika, Dist. Flat No.402 adm.
42.25 Sq. Mtrs. situated of the Fourth Floor of R.S. No.81 p., P.P. No.298,
O.P. No.8/p, T.P. Scheme No.2 of Nana Mava located at Shilalekh Apartment, |
|
Date of latest
modification prior to the present modification |
14.12.2011 |
|
Particulars of
the present modification |
By virtue of this
modification, the Charge over Company's Immovable Properties is extended to
secure the repayment of enhanced/ revised credit facilities of Rs. 322.500
Millions which includes the Foreign Currency Loan of USD 13,00,000
(Equivalent to Rs.69.953 Millions). |
FIXED ASSETS:
- Land
- Plant and
Machinery
- Electrification
- Gas
Connection Fitting
- Dies and
Tools
- Laboratory
Equipment
- Safety
Equipment
- Electric
Weighing Scale
- Electric
Attendance Eq.
- Furniture
- Air
Conditioners
- Telephone
Instrument
- Fax Machine
- Computer
- EPABX System
- CC T.V.
Camera
- Vehicle -
Honda Eterno
- Vehicle -
CD-Dawn
- Vehicle -
Splendor Plus
- TATA Indica
Car
- Vehicle -
Swaraj Mazda bus
- Water Cooler
- Vehicle
Tavera
- Vehicle Alto
Lxi Car
AS PER WEBSITE DETAILS
PROFILE
Subject was established in 2003 by renowned industrial group of technocrats devoted to the production of complete spectrum of Investment Castings by Lost Wax Process both Ferrous and Non-ferrous metals.
Commencing in November 2003 Subject is gradually expanding
its reach to multifarious buyers from
Subject is a pioneering organization with latest technical know-how and vast experience in Investment Castings. The company is managed by dynamic and highly technically qualified professionals with two decades of core experience in Investment Casting (Lost Wax Process) and metallurgical line of business.
TUV Suddeutscland
PROCESS
Die/Tooling Construction/Manufacturing: A negative replica of the part or component is prepared in form of Metallic Die, for creation of wax pattern, which matches the configuration and finish of the final metal part. Depending on production quantities, size, shape and complexity, these dies may be of single cavity or multiple cavities.
Wax Pattern Injection and Assembly: Disposable Wax Patterns are produced by injecting Wax in the Dies. These Wax Patterns are positive models of the part intended for casting and reflect the precise geometry of the finished parts. Multiple nos. of Wax Patterns are made and connected and assembled by ‘gates’ to Wax sprue to form a tree or cluster.
Ceramic Coating (Ceramic Investment) : Successive coats of ceramic slurry and refractory sand, fused silica are applied on assembled cluster/tree with intermediate drying time to form a self-supporting ‘Shell’ or called ‘Mold’.
De-Waxing and Curing: De-waxing is the next step. The ‘Invested’ Wax in the properly dried shells are melted out by applying heat source. The ‘hollow’ shells are formed having cavities inside. These ‘hollow’ shells or ceramic mould are then fired in high temperature baking furnace to cure the refractory material and to withstand the molten metal during pouring from the melting unit.
Melting and Casting: The specified molten metal alloyed in induction melting furnace is then poured in the pre-heated and hot-baked hollow shells (moulds) ensuring complete filling of the entire shell cavity.
Shell Release and Fettling/Grinding: Upon cooling, the ceramic shells are removed by usual knocking out operations by mechanical vibration and chemical cleaning. Parts are separated from the metallic sprues resulting Precision Castings after usual operations of gate grinding, cleaning and further operation like heat treatment, surface treatment etc.
Final Inspection: Finished products of casting are carefully inspected for compliance with client’s drawings and specifications and thorough visual and dimensional inspection are carried out to maintain the integrity of the required component.
FACILITIES - LAB
FACILITIES
To meet the customer needs both inside and outside, the lab must able to
do myriad tests and do them when needed.
The Investment Castings Foundry lab facilitates with all the instruments
and equipments for Destructive and Non-Destructive testing of material.
The chemistry lab conducts spark emission, optical emission, carbon and
sulfur, and other testing facilities.
The mechanical testing lab conducts tensile test, hardness and heat treatment
etc. etc. test of material.
TECHNOLOGY - MATERIAL HANDLED
Investment Castings Alloys :
- Stainless
Steel viz, CF8, CF8M, CF3, CF3M, CG8M,CG3M, CG3, CN7M(Alloy20), CA15,
CA40, CB7Cu, CD4MCu etc.
- Nickel &
Cobalt based Super Alloys viz, Monel, Inconel, Haste Alloy B & C, Stellite
etc.
- Low Alloy
Steels viz. WC1, WC4, WC5, WC6, WC9, LC1, LC2, LC3 LC4, C5, C12 C23, C24,
7Q, 8Q, 9Q, 10Q, etc.
- Low &
Medium Carbon Steel viz. WCA, WCB, WCC, LCA, LCB, LCC, 1A, 2A etc.
- Titanium
Alloys.
TECHNICAL SERVICES
- DESIGN ASSISTANCE
Investment castings have been traditionally specified for applications
requiring exceptional accuracy, thin wall capability, complexity, and fine
detail reproduction. From jewelry and medical implants to larger industrial
components, this process has evolved due to both market demand as well as
technology advancements.
At Hi-Con, they believe in early involvement and working with customer to
attain maximum value from the investment castings process. They are fortunate
to have a unique staff that is willing to support you in creative production
design. Any assistance needed ranging from a simple tolerance review the full
scale concurrent engineering is available at their plant site.
Regardless of complexity, almost
any metal part can be produced as one-piece configurations, which are
inherently strong in all directions. Many part features which are especially
difficult to machine, such as cams, grooves, bosses, holes and slots, can be
readily produced by the Investment Casting Process.
Coring of internal configuration
not possible with other manufacturing processes is readily cast in the
investment casting process. A thin wall capability and stronger and lighter
weight alloys to achieve the same part properties are available through
investment castings. With investment casting process, they can switch from one
metal to another (ferrous or non-ferrous) and back again, keeping in mind some
dimensional variances may occur with same dies/toolings.
Since investment castings minimize
machining, you can upgrade materials to attain higher mechanical properties and
stronger parts.
Whenever you have a project that
requires metal components, Hi-Con can provide the investment casting design
assistance to make the product a success. They encourage you to take advantages
of their competence.
For manufacturing/construction of
metallic Die/Tooling which, in fact, used as a negative replica of the
Investment Cast Component, they have with them all CAD/CAM facilities.
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. 56.99 |
|
|
1 |
Rs. 88.97 |
|
Euro |
1 |
Rs. 71.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
ACH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
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.