MIRA INFORM REPORT
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Report Date : |
6th May 2006 |
IDENTIFICATION DETAILS
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Name : |
NARAIN UDYOG |
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Registered Office : |
A-15, Sector 5,
Noida-201301, Uttar Pradesh, India |
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Country : |
India
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Financials (as on) : |
31-03-2005 |
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Date of Incorporation : |
1988-89 |
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Legal Form : |
Sole
Proprietory Concern |
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Line of Business : |
Manufacturers
and Traders of Dhoop Batties and Aggarbatties |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 25000 |
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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 and reputed concern having satisfactory track. The
concern is now managed by Ms. Priya Kesarwani Since last 2 years, after the
death of her father. Trade relations are reported as fair. Business is
active. 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: |
ND-69, Vishakha Enclave,
Pitam Pura Delhi-110088 |
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Mobile No: |
91-9810016686 |
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E-Mail : |
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Area : |
245
sq. ft. |
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Location : |
Owned
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Factory : |
A-15, Sector 5,
Noida-201301, Uttar Pradesh, India |
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Tel. No.: |
91-120-2420617/2420086/2421474 |
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Fax No.: |
91-120-2420086 |
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E-Mail : |
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Area : |
800
sq. ft. |
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Location : |
Owned
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SOLE PROPRIETOR
|
Name : |
Miss.
Priya Kesarwan |
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Designation : |
Sole
Proprietress |
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Address : |
ND-69, Vishakha Enclave,
Pitam Pura Delhi-110088 |
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Date of Birth/Age : |
23
years |
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Qualification : |
Graduate
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Experience : |
2
years |
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BUSINESS DETAILS
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Line of Business : |
Manufacturers
and Traders of Dhoop Batties and Aggarbatties |
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|
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Products : |
Dhoop
and Agarbatti |
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Brand Names : |
Mangla
BDK, Mangla Shringar, Mangla Gulab, Mangla Wood and Mangla Delux. |
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Terms : |
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Selling : |
Credit
(30 days) and Cash |
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Purchasing : |
Credit
(30 days), Cash and at sight |
PRODUCTION STATUS
|
Particulars |
Installed Capacity |
Actual Production |
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Agarbatti and Dhoop
(Incense Stock) |
Around in Lacs Daily |
According to the Orders Placed |
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GENERAL INFORMATION
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Customers : |
Local
Customers, Retailers and End users |
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No. of Employees : |
14 |
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Bankers : |
Ø
ICICI Bank, Noida (UP) Ø
Deutsche Bank, Noida Ø
The Federal Bank
Limited Ø
Punjab National Bank Ø
Canara Bank Ø
State Bank of India |
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Facilities : |
Credit
Limit : Rs. 2.500 millions |
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Banking Relations : |
Satisfactory
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Auditors : |
Narula
and Associates Chartered
Accountants India |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.
6.222 millions |
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Borrowed : |
-- |
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Total : |
Rs.
6.222 millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
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SOURCES OF FUNDS |
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31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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6.222 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH
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6.222 |
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LOAN FUNDS |
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1] Secured Loans |
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0.606 |
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2] Unsecured Loans |
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12.871 |
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TOTAL
BORROWING
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13.477 |
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DEFERRED TAX LIABILITIES |
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TOTAL
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19.699 |
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APPLICATION OF FUNDS
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FIXED ASSETS [Net Block]
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6.826 |
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Capital work-in-progress
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INVESTMENT
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3.437 |
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DEFERREX TAX ASSETS
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CURRENT ASSETS, LOANS & ADVANCES
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Inventories
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6.136 |
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Sundry Debtors
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13.044 |
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Cash & Bank Balances
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0.635 |
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Other Current Assets
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0.099 |
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Loans & Advances
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0.364 |
Total Current Assets
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20.278 |
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Less : CURRENT LIABILITIES & PROVISIONS
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Current Liabilities
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10.842 |
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Provisions
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Total Current Liabilities
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10.842 |
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Net Current
Assets
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9.436 |
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MISCELLANEOUS EXPENSES
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0.000 |
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TOTAL
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19.699 |
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KEY RATIOS
|
PARTICULARS |
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31.03.2005 |
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Debt Equity Ratio
(Total Liability/Networth) |
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3.91 |
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Current Ratio
(Current Asset/Current
Liability) |
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1.87 |
LOCAL AGENCY FURTHER INFORMATION
Trade
Reference :
Geeta
Agencies, Mehpur (UP)
They
have market in UP only BU now trying for other states also
From time immemorial
man has admired the beauty and wonder of nature. He has admired the beauty of
landscapes, the freshness of nature and the incense and fragrance of natural
elements. NARAIN UDYOG is one among those rare enterprises that carry forward
the tradition and purity of human life and spirit in relation to nature.
Dhoop and Agarbattis
are the major products of Narain Udyog (Mangla Agarbatti etc.). Produced with a
mixture of natural elements and aromatic botanical extracts, the incense of our
Dhoop and Agarbattis is capable of creating a divine feeling in you.
Incense in Religious
Tradition:
Almost all religions
of the world has rightly understood the innate urge of human beings for purity
and freshness. Dhoop and Agarbattis are primarily used in religious rites to
purify the surrounding space. Serene consciousness is possible only in a fresh
and pure atmosphere.
NARAIN UDYOG, with a
tradition of more than 15 years in the manufacturing of Dhoop and Agarbatti,
stands primarily for freshness, purity and serenity of human mind and human
dwellings. Our Dhoop and Agarbattis will also give you a feeling of 'oneness'
with nature. The nostalgic incense of our Dhoop and Agarbattis will remind you
every moment that you are equally close to nature, to other living and
non-living things in the universe as to yourself.
|
Company Profile |
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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
|
Indian Rupees |
|
US
Dollar |
1 |
Rs. 44.96 |
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UK
Pound |
1 |
Rs. 83.42 |
|
Euro |
1 |
Rs. 57.00 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
7 |
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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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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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 |
YES |
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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 |
NO |
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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 |
|
47 |
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
|
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 |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
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 |