MIRA INFORM REPORT
|
Report Date : |
20TH May 2006 |
IDENTIFICATION DETAILS
|
Name : |
INDERJEET
ENTERPRISES |
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Registered Office : |
2077, Jawahar Colony, Air
Force Station Road, Faridabad-121003, Haryana, India |
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Country : |
India
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
1992 |
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Legal Form : |
Sole
proprietory concern. |
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Line of Business : |
Manufacturers,
Traders and Dealers of sheet metal components |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
RATING
|
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 10000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a small established concern. It’s trade relations are fair. Nothing
adverse is reported. Payments are reported as slow but correct. The
concern can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
|
Registered Office : |
2077, Jawahar Colony, Air
Force Station Road, Faridabad-121003, Haryana, India |
|
Tel. No.: |
91-129-2473664 |
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Fax No.: |
91-129-2473664/2470345 |
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E-Mail : |
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Area : |
200
sq. mtrs. |
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Location : |
Owned
|
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Head Office : |
2077, Jawahar Colony, Air
Force Station Road, Faridabad-121003, Haryana, India |
|
Tel. No.: |
91-129-2473664 |
|
Fax No.: |
91-129-2473664/2470345 |
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E-Mail : |
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Area : |
800
sq. mtrs. |
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Location : |
Owned
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SOLE PROPRIETOR
|
Name : |
Mr.
Jaswinder Singh |
|
Designation : |
Sole
Proprietor |
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Date of Birth/Age : |
51
years |
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Qualification : |
Graduate
|
|
Experience : |
12
years |
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Mobile No: |
91-9818495701 |
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|
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BUSINESS DETAILS
|
Line of Business : |
Manufacturers,
Traders and Dealers of sheet metal components |
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|
|
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Terms : |
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Selling : |
Cash
and Credit (30 days) |
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Purchasing : |
Cash,
Credit (30 days), at sight against documents |
GENERAL INFORMATION
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Customers : |
Wholesalers
and End users |
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No. of Employees : |
20 |
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Bankers : |
Syndicate
Bank, Nit, Faridabad |
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Banking Relations : |
Satisfactory
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Auditors : |
Manoj
Gupta and Associates Chartered
Accountants Nehru
Group, Nit, Faridabad |
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Associates/Subsidiaries
: |
Inderjeet
Engg. Works, Faridabad |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs.
2.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs.
2.000 Millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
|
Particulars |
31.03.2005 |
31.03.2004 |
31.03.2003 |
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Sales Turnover |
2.500 |
2.200 |
91.700 |
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Profit/Loss for the year |
0.300 |
0.250 |
0.200 |
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LOCAL AGENCY FURTHER INFORMATION
Trade
Reference :
Global
Autotech Limited, Noida
As per website
Inderjeet Enterprises is an unmatched
manufacturer and supplier of Sheet Metal Components, Turned Components
and Automobile Accessories. Since, the inception in the year 1989, the
company has grown considerably and this phenomenal growth is the result of
consistent quality of products and services. Over the years, the company have
entrenched the self as the most preferred company in the sheet metal &
turned component industry serving the clients with total customer satisfaction,
durable products and prompt delivery. The strong market goodwill and large
client base has helped us to elevate the standards of excellence. Being a
customer oriented company, the company strive to establish long-term
relationship with the esteemed clients. With flexible approach, the company has
been able to offer customized products at the most affordable rates that has
helped us to win the trust, confidence, support and assurance of the esteemed
clients. The company constantly upgrades the technology, which gives a cutting
edge over the competitors.
Products
The Company understand the need of constant enhancement of the product range which has helped us to face
the global challenges and steer towards perfection. The range of the products include:
- Sheet Metal Components
- Turned Components
- Automobile Accessories.
Quality
Quality is the prime focus of operation and the company takes all the steps to
maintain quality at all the level of manufacturing. The company lay emphasis on
procurement of the raw materials and ensures that all products are sourced from
the superior quality raw materials. From selecting of the raw materials to the
final production, each stage of the production undergoes stringent quality
checks. The commitment to quality has helped us to become most preferred
manufacturer and supplier of Sheet Metal Components, Turned Components
and Automobile Accessories.
Infrastructure
The Company has a state of the art infrastructure armored with cutting-edge
technology. The in-house production
unit is complacent with industry best machineries and equipment. The company
constantly upgraded the production facilities, which assist us in improving the
productivity and quality. The company is a professionally managed company and
the team comprises of technocrats having several years of experience. The
company owes the success and performance to the workforce, who work with utmost dedication to deliver superior
quality products at the most affordable rates.
|
Company Profile |
|
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. 45.46 |
|
UK
Pound |
1 |
Rs. 85.94 |
|
Euro |
1 |
Rs. 58.32 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
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 |
|
TOTAL |
|
45 |
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 |