MIRA
INFORM REPORT
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Report Date : |
24th
June, 2006. |
IDENTIFICATION
DETAILS
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Name : |
DHUMAL
INDUSTRIES |
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Registered Office : |
E-36, D Road, MIDC, Industrial Estate, Satpur,
Nashik – 422 007, Maharashtra, India. |
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Country : |
India |
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Financials (as on) : |
31.03.2002 |
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Date of Incorporation : |
1974 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
NSKD00504A |
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Legal Form : |
Partnership
Concern with an Unlimited Liability of the Partners |
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Line of Business : |
The
concern acts as manufacturers of poultry cages and injection moulded plastic
poultry equipments such as automation, feeding drinking, cooling gas
brooding, climate control, curtain winching system, nest bottom, transport
trays, flooring systems, EC house, flame gun, polyon R. F., breeder drinker,
etc., |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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
60000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject
is a well established concern having satisfactory track records. Partners are reported as experienced,
respectable and resourceful businessmen.
Their trade relations are reported as fair. Payments are usually correct and as per commitments. The
concern can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
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Registered Office/ Factory: |
E-36, D Road, MIDC, Industrial Estate, Satpur,
Nashik – 422 007, Maharashtra, India. |
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Tel. No.: |
91-253-2350384 / 2350684 |
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Fax No.: |
91-253-2351584 |
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E-Mail : |
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Website : |
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Area : |
22000 sq.fts |
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Location : |
Owned |
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Branch
: |
Pune – Vyas Vertex, 2nd Floor, Opp.Sambhaji Park, J.M. Road, Pune-411004. |
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Tel.
No.: |
91-20-25538684 |
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Branch
: |
Hyderabad – Pioneer
Chambers, 3-5-293, Hyderguda. Hyderabad-500029. |
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Tel.
No.: |
91-40-23221290 |
PARTNERS
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Name : |
Mr.
Anil S. Dhumal (Husband) |
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Designation : |
Managing
Partner |
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Date of Birth/Age : |
58 years |
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Qualification : |
B. E. (Plastic
Engg.) |
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Experience : |
33 years |
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Name : |
Mrs.
S. A. Dhumal (Wife) |
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Designation : |
Partner |
BUSINESS DETAILS
|
Line of Business : |
The
concern acts as manufacturers of poultry cages and injection moulded plastic
poultry equipments such as automation, feeding drinking, cooling gas
brooding, climate control, curtain winching system, nest bottom, transport
trays, flooring systems, EC house, flame gun, polyon R. F., breeder drinker,
etc., |
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Products : |
+
Watering
System
Bell drinker Nipple drinker for floor Nipple Drinker for Cages Nipple System Accessories Watering Accessories +
feeding
system
Semi Automatic Feeder Grill Automatic Feeding For Broilers Automatic Feeding for Breeders +
cooling
systems
Fogger system Sprinkler sysmte Ventilation +
curtain
winching system
Curtain winching Accessories +
transporation
of birds / eggs
Chick tray Transport cages for live birds Commercial egg tray +
others
Flame gun Insulation Nest bottom |
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Brand Names : |
“DHUMAL”. |
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Exports to : |
Middle East, Nepal, Sri Lanka and Bangladesh. |
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Imports from : |
Israel, France and Japan |
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Terms : |
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Selling : |
Cash
and Credit
(30 days) |
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Purchasing : |
Cash , L/C and Credit (30 days) |
GENERAL
INFORMATION
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Customers : |
Its’ major customers include Poultry Farms and Individuals. +
Visweswara Hatcheries Limited, Pune and Hyderabad +
Western Hatcheries Limited, Pune, Maharashtra +
D’Mello Hatcheries, Nashik, Maharashtra +
Godrej Agrovet Limited, Mumbai |
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No. of Employees : |
90 |
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Bankers : |
State
Bank of India, Industrial Estate Branch, Nashik – 422 007, Maharashtra |
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Facilities : |
The
concern is reported to enjoy some facility from its bankers. |
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Banking Relations : |
Satisfactory |
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Sister Concern: |
Dhumal
Plasson Joint
venture with Plasson, Israel |
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Address: |
E-36,
D Road, MIDC, Satpur, Nashik – 422 007, Maharashtra |
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Tel. No.: |
91-253-2350384
/ 2350684 |
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Fax No.: |
91-253-2351584 |
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Year of establishment: |
2000 |
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Line of Business: |
Manufacturer of environmental controlled
poultry houses, watering systems, etc. |
CAPITAL STRUCTURE
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Capital
Investment : |
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Owned : |
Rs.
15.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs.
15.000 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
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Particulars |
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31.03.2006 |
31.03.2005 |
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Sales Turnover |
|
120.000 |
100.000 |
Projected
Turnover for Current Year (2006-07):
Rs. 120.000 millions (Rs.120,000,000/-)
Note : Sole
Proprietory and Partnership concerns and exempted from divulging their Balance
Sheet and Profit & Loss Account figures and hence could not be available.
LOCAL AGENCY
FURTHER INFORMATION
It Purchases its Requirement 80% From Local Market and 20% From
International Market
It Sells 63% in Local Market and 37% In International Market.
IT IS IN TRADE TERMS WITH :
+
Reliance Industries Limited
AS
PER WEBSITE:
COMPANY
PROFILE:
Dhumal Industries is a customer
oriented, forward looking organization with people who take pride in satisfying
the farmer's need with superior quality products and services. Their reputation
is the result of many factors such as quality of products and services, dealer
network, customer care and business ethics. Dhumal Plasson products are class
apart with their attractive and distinctive features. In the market, Dhumal Industries products are synonymous for
excellent Quality and Ease of operation.
Dhumal Industries has distributorship for six internationally leading
companies. These companies are the
world leaders in their respective areas.
Dhumal Industries believes in giving only the best products to its
customers. The latest concept adopted by poultry industry, Environment
Controlled Houses is also undertaken by Dhumal Industries.
ORIGINALITY COUNTS
Nearly two
decades before Dhumal introduced for the first time in India, Automatic Bell
type Drinker and then the wide range of Plastic Poultry Equipments followed. In
the fast changing Poultry scenario Dhumal products stood the time of test
because of high quality standards.
Today Dhumal Industries enjoys a Lions share in installation of durable,
sturdy and quality Poultry Equipments.
Dhumal Industries ENDEAVOURS
Right from its inception, Dhumal has always believed in giving Quality Products
and about the Benefit of Poultry Farmers at the top of its list of priorities.
Whenever farmers have any problem or for
that matter any requirement, they do not
hesitate to contact Dhumal where new Concepts and
Innovative Ideas are constantly taking shape. For this reason the
development of new Products comes naturally to Dhumal Industries.
CMT REPORT [Corruption, Money
laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts, India Prisons Service, Interpol, etc.
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
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Indian Rupees |
|
US
Dollar |
1 |
Rs.46.20 |
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UK
Pound |
1 |
Rs.84.57 |
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Euro |
1 |
Rs.58.12 |
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |