MIRA
INFORM REPORT
|
Report Date : |
17.11.2006 |
IDENTIFICATION
DETAILS
|
Name : |
D. C.
METAL CORPORATION |
|
|
|
|
Registered Office : |
B – 5
& 6, Pravasi Industrial Estate, Off Aarey Road, Goregaon [East], Mumbai –
400063, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
1992 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMD00588A |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAAFC2520L |
|
|
|
|
Legal Form : |
Partnership
Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business : |
Manufacturers
and Exporters of Copper Flats, Busbars, Strips, Rods, Sections, Precision
Machined Components, Electrical Sub-assemblies and assemblies. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
Maximum Credit Limit : |
|
|
|
|
|
Status : |
Small
Concern |
|
|
|
|
Payment Behaviour : |
Slow
by average 40 days |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject
is a small concern having moderate track.
No responsible person was available at the office for a long
time. Scale of activity is small. Trade relations are reported as fair. Payments are reported as slow but correct. The
concern can be considered for small business dealings at usual trade terms
and conditions. |
LOCATIONS
|
Registered Office/ Factory : |
B – 5
& 6, Pravasi Industrial Estate, Off Aarey Road, Goregaon [East], Mumbai –
400063, Maharashtra, India |
|
Tel. No.: |
91-22-28739831
/ 66921437 |
|
Mobile : |
91-9820638623 |
|
Fax No.: |
91-22-28739831
/ 66921437 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1200
sq. ft. |
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr.
Rajesh Jain |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. G.
K. Jain |
|
Designation : |
Partner
|
BUSINESS DETAILS
|
Line of Business : |
Manufacturers
and Exporters of Copper Flats, Busbars, Strips, Rods, Sections, Precision
Machined Components, Electrical Sub-assemblies and assemblies. |
|
|
|
|
Products : |
Copper Flats Rods Sections Strips Precision Press
Parts Electrical
Assemblies Machined Components |
|
|
|
|
Terms : |
|
|
Selling : |
Credit
|
|
|
|
|
Purchasing : |
Credit
[30 days] |
GENERAL
INFORMATION
|
Customers : |
End
Users |
|
|
|
|
No. of Employees : |
10 |
|
|
|
|
Bankers : |
State
Bank of India Jawahar
Nagar, Goregaon West, Mumbai, Maharashtra, India |
|
|
|
|
Banking Relations : |
Unknown
|
|
|
|
|
Auditors : |
Sajad
& Associates Chartered
Accountants |
CAPITAL STRUCTURE
|
Capital
Investment [Estimated]
: |
|
|
Owned : |
Rs.
1.500 millions |
|
Borrowed : |
Rs.
1.000 million |
|
Total : |
Rs.
2.500 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
|
Particulars |
|
|
31.03.2006 [Estimated] |
|
Sales Turnover |
|
|
6.000 |
LOCAL AGENCY
FURTHER INFORMATION
Trade
Reference :
Ř
Larsen
& Toubro Limited
Ř
Siemens
Limited
Ř
Asia
Brown Boveri Limited
WEBSITE
DETAILS
D.C Metal Corporation was established as a
company in the year 1992. Commencing their operation in the same year, they got
their first whiff of experience as manufacturers and exporters. They as a
manufacturing unit are producing diverse factory products such as:
Copper bars
Copper Strips
Copper Rods
Copper Sections
Copper Profiles
Copper Precision machined parts
Copper Press parts
Electrical Sub-Assemblies Assemblies
Over the years, they have gained an immense insight in this field.
Exporting their quality products on a global level and MNC's alike, they are
now considered as the pioneers in the industry.
Their staff
A hugely talented staff and a robust think tank in the form of their R&D department, which are one of
the pluses of the company. Making sure that the brand name not only survives,
but leads from the front, their staff pours much more than 'dedication' only. They believe that in
the dictum that a 'customer is the
king'. This helped us in staying ahead in the race.
Their quality
Tomes can be written for their quality, but they prefer letting their
products speak for themselves. Passing stringent quality checks, their products
such as Copper bars, Copper Strips,
Copper Rods, Copper Sections, Copper Profiles, Copper Precision machined Parts,
Copper Press parts and Electrical Sub-Assemblies & Assemblies are ultimate
in efficiency. As a company, they are deeply aware of the trends in the
national and international market. Their products find their way into global
brands like Larsen & Tourbro
Limited, Siemens Limited, Asia Brown-boveri Limited and International Rectifiers,
solely because of their quality, which is their benchmark.
Their infrastructure
D.C Metal Corporation has got an out of
the world infrastructure, tailored to the needs of quality production.
Installation of most modern machinery at their factory premises coupled with
the immensely talented work pool is the reason behind their success. They
intend to continue with the same.
A successful foray into the ventures is guaranteed by their products.
They are looking forward to increase ways of co-operation between us.
Company Profile
|
Business Type |
Exporter,
Manufacturer |
|
Export Percentage |
30% |
|
Primary Competitive Advantages |
Superior finish,
competitive price range and international quality |
|
Sales Volume |
40 millions |
|
No of Staff |
15 |
|
Year of Establishment |
1992 |
|
OEM Service Provided |
No |
|
No of Engineers |
2 |
|
Memberships |
EEPC |
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.44.86 |
|
UK
Pound |
1 |
Rs.84.97 |
|
Euro |
1 |
Rs.57.59 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
36 |
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 |
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|