MIRA INFORM REPORT
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Report Date : |
10th May, 2006. |
IDENTIFICATION DETAILS
|
Name : |
DAKSH TOOLS AND APPLIANCES
PRIVATE LIMITED |
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Registered Office : |
1/3
West Patel Nagar, New Delhi – 110 008,
India |
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Country : |
India |
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Financials (as on) : |
31.03.2004 |
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Date of Incorporation : |
20.11.1996 |
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CIN No.: |
U74899DL1996PTC083388 |
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Com. Reg. No.: |
55-83388 |
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TAN No.: (Tax Deduction &
Collection Account No.) |
DELD06004F |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Manufacturer
and Exporter of Metal Chassis, Telecom Racks, Metal Cabinets, Automotive
Components, Metal Boxes & Press Tools. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
RATING
|
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a relatively small company. Directors are reported as experienced and
respectable businessmen. Trade relations are fair. Company’s profitability is
low. Payments are reported as slow but correct. The
company can be considered for small business dealings at usual trade terms
and conditions. |
LOCATIONS
|
Registered Office : |
1/3
West Patel Nagar, New Delhi – 110 008, India |
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Tel. No.: |
91-11-25935196/52488248 |
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E-Mail : |
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Factory: |
55, Udyog Vihar, phase I,
Gurgaon – 122 001, Haryana, India. |
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Tel. No.: |
91-124-3013117 |
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Mobile No.: |
91-124-9810121992 |
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Fax No.: |
91-124-5004362 |
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E-Mail : |
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Factory: |
10/60-C,
Kirti nagar Industrial Area, New Delhi-110 015, India |
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Tel. No.: |
91-11-39581304 |
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Mobile No.: |
91-9811082724 |
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E-Mail : |
DIRECTORS
|
Name : |
Mr.
Anand Mohan Madan |
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Designation : |
Director |
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Address : |
1/3
West Patel Nagar, New Delhi – 110 008, India |
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Date of Birth/Age : |
15/08/1941 |
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Date of Appointment : |
20/11/1996 |
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Name : |
Mr.
Anand Puneet |
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Designation : |
Director |
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Address : |
1/3
West Patel Nagar, New Delhi – 110 008, India |
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Date of Birth/Age : |
20/12/1970 |
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Date of Appointment : |
20/11/1996 |
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Name : |
Mr.
Anand Parag |
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Designation : |
Director |
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Address : |
1/3
West Patel Nagar, New Delhi – 110 008, India |
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Date of Birth/Age : |
21/12/1975 |
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Date of Appointment : |
20/11/1996 |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
No. of Shares |
|
Anand Mohan Madan |
18835 |
|
Anand Puneet |
3010 |
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Anand Parag |
6010 |
|
Anand Pawan |
9010 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
and Exporter of Metal Chassis, Telecom Racks, Metal Cabinets, Automotive
Components, Metal Boxes & Press Tools. |
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Products: |
¤ Sheet Components : |
GENERAL INFORMATION
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Suppliers : |
Ispat
Industries Limited |
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Customers : |
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Bankers : |
Indian
Bank |
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Facilities : |
-- |
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Banking Relations : |
Satisfactories |
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Auditors : |
S.
K. Uppal & Associates |
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Qualification: |
Charted
Accountant |
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Address: |
B-191,
2nd Floor, Naraina Industrial Area, Phase – I, New Delhi – 110
028. |
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Tel. No.: |
91-11-25794120 |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity
Shares |
Rs. 10/- each |
Rs. 1.000 Millions |
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
36865 |
Equity
Shares |
Rs. 10/- each |
Rs. 0.368 Millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2004 |
31.03.2003 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.368 |
0.368 |
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2] Share Application Money |
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0.200 |
0.200 |
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3] Reserves & Surplus |
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0.143 |
0.132 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH
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|
0.711 |
0.700 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.000 |
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2] Unsecured Loans |
|
0.750 |
0.230 |
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TOTAL BORROWING
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0.750 |
0.230 |
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DEFERRED TAX LIABILITIES |
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0.094 |
0.079 |
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TOTAL
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1.555 |
1.009 |
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APPLICATION OF FUNDS
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FIXED ASSETS [Net Block]
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0.550 |
0.544 |
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Capital work-in-progress
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0.000 |
0.000 |
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INVESTMENT
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0.000 |
0.000 |
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DEFERREX TAX ASSETS
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES
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Inventories
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0.795 |
0.455 |
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Sundry Debtors
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0.223 |
0.186 |
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Cash & Bank Balances
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|
0.202 |
0.052 |
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Advance to Supplier
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|
0.017 |
0.000 |
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Loans & Advances
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|
0.217 |
0.217 |
Total Current Assets
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1.454 |
0.910 |
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Less : CURRENT LIABILITIES & PROVISIONS
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Current Liabilities
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0.455 |
0.452 |
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Provisions
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0.000 |
0.000 |
Total Current Liabilities
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0.455 |
0.452 |
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Net Current
Assets
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0.999 |
0.458 |
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MISCELLANEOUS EXPENSES
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|
0.006 |
0.007 |
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TOTAL
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1.555 |
1.009 |
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PROFIT & LOSS ACCOUNT
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PARTICULARS |
|
31.03.2004 |
31.03.2003 |
Sales Turnover [including other income]
|
|
2.251 |
0.872 |
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Profit/(Loss) Before Tax
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0.027 |
(0.068) |
Provision for Taxation
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|
0.014 |
0.000 |
Profit/(Loss) After Tax
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|
0.013 |
(0.068) |
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Total Expenditure
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0.974 |
0.457 |
KEY RATIOS
|
PARTICULARS |
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31.03.2004 |
31.03.2003 |
PAT / Total Income
|
(%)
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0.58 |
(7.80) |
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Net Profit Margin
(PBT/Sales) |
(%) |
|
1.20 |
(7.80) |
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Return on Total Assets
(PBT/Total Assets} |
(%) |
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1.35 |
(4.68) |
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Return on Investment (ROI)
(PBT/Networth) |
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0.04 |
(0.10) |
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Debt Equity Ratio
(Total Liability/Networth) |
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1.69 |
0.97 |
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Current Ratio
(Current Asset/Current
Liability) |
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|
3.20 |
2.01 |
LOCAL AGENCY FURTHER INFORMATION
FIXED ASSETS:
Car,
Computer, Furniture & Fixtures, Generator, Machinery, Tools & Dies etc.
AS PER
WEBSITE:
Daksh Tools & Appliances in India is a ISO 9001
Certified Manufacturer and Exporter of Metal Chassis, Telecom Racks, Metal
Cabinets, Automotive Components, Metal Boxes & Press Tools..
The company was established in 1972 as a small manufacturing unit, based in
Delhi & Gurgaon
Products
:
Daksh Tools & Appliances offers a comprehensive range of products that
includes:
¤ Sheet Components :
- Metal Chassis
- Telecom Racks
- Metal Cabinet
- Sheet Metal Boxes
- Automotive Components
- Components for Defense and Railway
- Components for Electronic Industries
- Components for Computer Industries
- Filter Caps
- Turned and Machined parts
¤ Press Tools
¤ Jigs and Fixtures
Infrastructure :
Daksh Tools & Appliances has three manufacturing and assembling units,
which are equipped with latest machines such as power press, automatic lathe
machines, shape, surface, grinder, arc welding machine, spot welding machine,
shearing machine, tapping machine, drilling machine, bench grinder and sheet
rolling machine.
The employees at Daksh are Daksh (skilled) in their sphere of operation.
Quality Assurance :( ISO 9001:2000 Certified )
The company manufactures and supplies products as per buyers' requirements in
terms of quality, delivery and price. The entire manufacturing process right
from the selection of raw material to the finished product takes place under
stringent quality checks.
Our components are fabricated under the supervision of a Mechanical Engineer
who has more than 15 years of experience in manufacturing press tools and
components. It enables us to produce best quality at attractive prices.
Finishing Facility :
A modern powder coating plant to provide products with superior finish is
available.
Clients :
At Daksh Tools & Appliances, we have a wide list of satisfied clients who
vouch for the quality of our products. Some of our top-notch clients include
Crompton Greaves, Inalsa, Hero Honda, DD Industries, Railways, Defense and
various others.
Send in your queries or any other suggestion that you would like to make.
Send Online Query or Contact us :
Daksh
Tools Pvt. Ltd. (Head off.)
Mr.
M.M.Anand
1/3, West Patel Nagar
New Delhi-110 008, India
Tel : +(91)-11 52488248
Email : pawananand@hotmail.com,
Plant
1 (Daksh Tools Pvt. Ltd.)
Mr.
Pawan Anand
55,Udyog Vihar, Phase-1, Gurgaon, Haryana, India
Tel : +(91)-(124)-3013117/9810121992
Fax : +(91)-(124)-5004362
Mobile : +(91)-(124)-9810121992
Email : pawananand@hotmail.com
Plant
2 (Precision Pressing)
Mr.
Puneet Anand
10/60-C, Kirti Nagar Industrial Area, N.D-110015, India
Tel : +(91)-(11)39581304
Mob : +(91)-9811082724
Email : dakshtools@rediffmail.com
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 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.44.93 |
|
UK
Pound |
1 |
Rs.83.82 |
|
Euro |
1 |
Rs.57.35 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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|
|
--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
1 |
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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 |
NO |
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--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
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
|
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 |