MIRA
INFORM REPORT
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Report Date : |
13.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
PARAKH RUBBER HOUSE |
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Registered Office : |
9, Lahna Singh Market, Malkaganj, New Delhi – 110007, India |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1986 |
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Legal Form : |
Subject is a Sole Proprietor Concern. |
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Line of Business : |
Manufacturer and Exporter of Precision Rubber, PTFE, and Polyurethane
Products. |
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 6000 |
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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
records. Proprietor is reported as experienced and respectable businessman.
Trade relations are reported as fair. Business is active. Payments are
usually corrects 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 : |
9, Lahna Singh Market, Malkaganj, New Delhi – 110007, Delhi |
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Tel. No.: |
91-11-23854111 / 55975533 |
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Mobile No.: |
91-9810185358 |
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Fax No.: |
91-11-23854111 / 23853002 |
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E-Mail : |
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Website : |
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Area : |
90 Sq. mts. |
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Location : |
Owned |
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Factory 1 : |
J-140, Pocket –N, Sector- 3, DSIDS Industrial Area, Bawana, Delhi –
110039, Delhi |
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Tel. No.: |
91-11-65975534 |
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Area : |
80 Sq.mts. |
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Location : |
Owned |
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SOLE PROPRIETOR
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Name : |
Mr. P.L. Chopra |
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Designation : |
Proprietor |
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Date of Birth/Age : |
55 Years |
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Qualification : |
Graduate |
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Experience : |
30 Years |
KEY EXECUTIVES
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Name : |
Mr. Hitendra Chopra |
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Designation : |
Key Executive |
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Date of Birth/Age : |
28 Years |
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Qualification : |
BE |
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Experience : |
5 Years |
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Mobile No. : |
91-9810124901 / 9810185358 |
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BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Precision Rubber, PTFE, and Polyurethane Products. |
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Products : |
Rubber Products Polyurethane Products ·
Hydraulic & Pneumatic
PU Bush ·
Seals ·
Piston Seals Polyurethane
Spacers ·
Rod Seals PU Rollers ·
Wiper Seals PU Wheels ·
Guide Rings PU Strips &
Pads ·
O-rings PU Rods &
Tubes ·
Cords Cast
Polyurethane Products ·
Chevron Packing Sets PU Hydraulic
Seals ·
U-seals PU Scraper
Blades ·
Pneumatic Bucket-seals PU Impellers ·
V-seals PU Nozzles ·
Gaskets PU Press Tool
Blocks ·
W Packings PU Grommets ·
T Packings PU Shock Absorber
Bushes ·
D-seals PU Couplings ·
Tudo Seals PU Yarn Feed
Rollers/Twist Rollers ·
Seal Kits PU Drive
Rollers ·
Quard-rings PU Loom Pickers
& Buffers ·
Cup Seals PU Pads ·
Wear Rings PU Lining ·
Oil-seals ·
(radial shaft seal) PU Custom Made
Products ·
Oil Seals with Fabric ·
Stiffener PTFE Products ·
Fiber Packings PTFE Washers ·
Butterfly Valves Seals PTFE Backup
Rings ·
Booster Seals PTFE B/U Rings ·
Hydro Seals PTFE Strips
(PTFE filled) ·
Conveyor Rubber Rings Rubber to PTFE Bonding
(coating) ·
Conveyor Lybrenth Seals Caf Gaskets ·
Conveyor Idler Rings PTFE Envelope
Gaskets. |
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Exports : |
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Products : |
Hydraulic & Pneumatic Seal, O-Rings,
Oil Seals, Chevron Packing Sets, Piston Seals, Rod Seals, Wiper Seals, Guide Ring
& Guide Strips, Glyd Ring, Step Seals, Butterfly Valve Seals, Gaskets,
Diaphagrams, Rollers, Buffers, Slitting Line Rubber/
Polyurethane Spacers, Couplings, Metal Bonded Rubber
Parts, Conveyor Rubber Ring &
Bearing Seals, Rubber Extruded Cords/
Strips/ Profiles/ Beadings, Polyurethane Cast & Moulded Products, Pu
Seals, Pu U-Seals, Pu Wiper Seals, Pu Rod Seals, Pu Piston Seals, Pu Chevron
Packing, Pu O-Rings, Etc. |
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Countries : |
20 % Nepal, Exports on L/ C, D/ A, & DP Credit ( 30 Days ) |
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Terms : |
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Selling : |
Cash, Credit (60 Days) |
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Purchasing : |
Cash, Credit (30 to 45 Days) |
GENERAL
INFORMATION
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Customers : |
NTPC, Defense Railways |
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No. of Employees : |
15 |
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Bankers : |
Ø Canara Bank Kamala Nagar, Delhi – 110007 Ø U T. I. Bank
Limited, Shakti Nagar, New Delhi - 110007 |
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Facilities : |
No Over Draft |
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Banking
Relations : |
Satisfactory |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs1.500 Millions |
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Borrowed : |
--- |
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Total : |
Rs.1.500 Millons |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
8.000 |
7.500 |
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Profit Before Tax |
13 % |
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Profit After Tax |
9 % |
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Expected Sales (2007-08) : Rs.10.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Company Profile:
Quality, reliability, durability and price are the four core factors
that determine the growth of a company. Parakh Rubber House
has benchmarked a reputable position in its arena by following all the above
parameters. We are a leading manufacturer and exporter of Precision
Rubber, PTFE, and Polyurethane Products. The Company has been catering
to the markets worldwide since the year 1986. It’s wide and increasing range of
elastomeric seals, sealing elements and custom made products have wide
applications for different industries.
The company has a large inventory of the rubber components and the
same can be supplied ex-stock to meet your requirements. It’s products can be
customized as per the specific and special requirements of the clients.
It’s highly skilled, dedicated and experienced
professionals have helped them create benchmarks in the challenging rubber and
polyurethane market.
Parakh Rubber House has been designing and manufacturing standard
and custom-made polyurethane and rubber products for a wide range of
applications and industries.
Application
of Products
A Delhi (INDIA)
based company, Parakh Rubber House has been catering to all major industry
segments like material handling, steel plants, hydraulic & pneumatic
cylinder manufacturing, paper mills, cement plants, textile industries,
pharmaceutical & drug industries, NTPC, defence establishments, railways,
mines, oil & chemicals and general engineering.
Infrastructure
PRH is equipped
with a team of technocrats and professionals who are engaged in the development
of challenging rubber items including import-substitutes. It’s technical
personnel keep themselves fully abreast with the latest developments in rubber
technology. It’s technical experts can solve various problems that clients
might have in using our rubber and polyurethane products. The company has the
best warehouse and shipping facilities so that the products reach the customers
without any hassles.
Quality
It’s supreme
quality products have made us an ideal company to serve the requirement of a
broad spectrum of buyers with varying needs. Stringent checks are followed so
that no flawless products leave the premises. The superior quality of our
products have etched us a renowned position in the market.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.74 |
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UK Pound |
1 |
Rs.84.90 |
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Euro |
1 |
Rs.57.79 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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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 |
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 |
YES |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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46 |
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
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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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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