MIRA
INFORM REPORT
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Report Date : |
04.08.2007 |
IDENTIFICATION DETAILS
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Name : |
DOON CERATRONICS PRIVATE LIMITED |
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Registered Office : |
249 / 8, Rajinder Nagar, Dehradun – 2480001, Uttaranchal |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
19.12.1988 |
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Com. Reg. No.: |
010294 |
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CIN No.: [Company
Identification No.] |
U31200UP1988PTC010294 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MRTD00459E |
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PAN No.: [Permanent
Account No.] |
AAACD7808E |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business : |
Manufacturers of Piezoceramics |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 : |
USD 1044 |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a small company having moderate track. Sales and profitability
is low. Trade relations are fair. Nothing adverse reported. No payment records are available. The company can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
249 / 8, Rajinder Nagar, Dehradun – 2480001, |
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Tel. No.: |
91-135-2698354 |
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Mobile No.: |
91-9412058283 |
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Fax No.: |
91-135-2650944 |
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E-Mail : |
DIRECTORS
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Name : |
Mr.Sunil Kapoor |
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Designation : |
ManagingDirector |
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Name : |
Mr.Sanjeev Kapoor |
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Designation : |
Director |
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Name : |
Mr.Jagdish Kumar Kapoor |
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Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Category |
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Percentage of
Holding |
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Directors or relatives of directors |
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98 % |
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Others |
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2 % |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of Piezoceramics |
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Products: |
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GENERAL INFORMATION
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No. of Employees : |
10 Persons |
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Bankers : |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
M/S R Sahni and Company Chartered Accountant |
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Address 1 : |
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Associates/Subsidiaries : |
--- |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100,000 |
Equity Share |
Rs. 10/- each |
Rs.1.000 million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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55,220 |
Equity Share |
Rs.10/- each |
Rs.0.552
million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.552 |
0.552 |
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2] Share Application Money |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.188 |
0.188 |
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4] (Accumulated Losses) |
(479) |
(724) |
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NETWORTH |
0.261 |
0.016 |
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LOAN FUNDS |
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1] Secured Loans |
0.527 |
0.732 |
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2] Unsecured Loans |
0.714 |
0.704 |
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TOTAL BORROWING |
1.241 |
1.436 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
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TOTAL |
1.502 |
1.452 |
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APPLICATION OF FUNDS |
0.000 |
0.000 |
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FIXED ASSETS [Net Block] |
1.159 |
1.266 |
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Capital work-in-progress |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.021 |
-- |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.129
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0.101 |
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Sundry Debtors |
0.323
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0.298 |
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Cash & Bank Balances |
0.85
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0.024 |
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Other Current Assets |
0.032
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0.030 |
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Loans & Advances |
0.056
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0.021 |
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Total
Current Assets |
0.625
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0.474 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
0.235
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0.174 |
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Provisions |
0.068
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0.114 |
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Total
Current Liabilities |
0.303
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0.288 |
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Net Current Assets |
0.322
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0.186 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
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TOTAL |
1.502 |
1.452 |
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Note : Since the subject is a
Private Limited Company they have not filed
Profit and Loss.
KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.16 |
18.00 |
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Current Ratio (Current Asset/Current Liability) |
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2.06 |
1.64 |
LOCAL AGENCY FURTHER INFORMATION
Subject is engaged in the
manufacture of piezoceramics and its related applications at
The most commonly produced
Piezo Electric Ceramics are Lead Zirconate Titanate involving detailed
processing. Due to their ceramic nature, these Piezo Electric materials can be
given almost any shape or size with the direction of polarisation freely chosen
to meet the individual needs of transducer designers. By slightly changing the
chemical composition of materials, it is possible to emphasize one or more
specific properties, so that special requirements of certain applications can
be met.
DCPL-5
Grade Material:
High
Generating Sensitivity & Good Temperature stability
It is a modified Lead Zirconate
Titanate Ceramic, providing transducer elements with high electro mechanical
coupling coefficient and high charge sensitivity and curie temp of 3500 C,
used for sensing applications like ultrasonic flaw detection, under water echo
sounding, pressure gauges, strain gauges, accelerometers, medical Instruments,
flow meters, NDT systems, Level gauges and many other devices.
DCPL-4 GRADE MATERIAL:
HARD MATERIAL FOR HIGH
POWER APPLICATIONS
It is modified Lead
Zirconate Titanate Ceramic, capable of withstanding high levels of mechanical
stress & electrical excitation. They are ideally suitable for use in
Ultrasonic Cleaners, Ultrasonic Dental Scalers, Medical beauty devices,
Ultrasound therapy equipments, Lliquid atomisation and Ultrasound transducers.
They are capable of producing large mechanical drive amplitudes, while
maintaining low dielectric losses.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.40.36 |
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1 |
Rs.82.18 |
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Euro |
1 |
Rs.55.31 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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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 |
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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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35 |
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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