MIRA INFORM
REPORT
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Report Date : |
02.02.2007 |
IDENTIFICATION
DETAILS
|
Name : |
DIGITAL
PROMOTERS INDIA PRIVATE LIMITED |
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Registered Office : |
502
and 505, Vishal Bhawan, 95, Nehru Place, New Delhi – 110 019, India |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
27.09.1988 |
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Com. Reg. No.: |
55-33343 |
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CIN No.: [Company
Identification No.] |
U74899DL1988PTC033343 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELD02246G |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Manufacturer,
Exporter, Importer and Supplier of Temperature Instruments, Recorders, Techometers,
Timers, Pressure Transmitter and other Instruments. |
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
20000 |
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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 company having satisfactory track records.
Directors are reported as experienced and respectable businessmen. Trade
relations are fair. Business is active. Payments are usually correct and as
per commitments. The company can be considered normal for business dealings
at usual trade terms and conditions. |
LOCATIONS
|
Registered Office : |
502
and 505, Vishal Bhawan, 95, Nehru Place, New Delhi – 110 019, India |
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Tel. No.: |
91-11-41618100/26418118/26445866/26471483/
26437849/ 6425146 |
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Mobile No.: |
91-9811024821 |
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Fax No.: |
91-11-26437849/26471483 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr.
Anil Sood |
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Designation : |
Whole
Time Director |
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Address : |
C-81, Kirti
Nagar, New Delhi – 110 015, India |
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Date of Appointment : |
27.09.1988 |
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Name : |
Mr.
Surinder Mohan Khera |
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Designation : |
Whole
Time Director |
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Address : |
33-B,
Pocket-C, SFS Flats, Mayur Vihar – III, New Delhi – 110 096, India |
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Date of Appointment : |
29.09.1988 |
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MAJOR SHAREHOLDERS
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Names
of Shareholders |
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No. of Shares |
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Mr.
Anil Sood |
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15100 |
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Mr.
Surinder Mohan Khera |
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15200 |
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Ms.
Geeta Sood |
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100 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer,
Exporter, Importer and Supplier of Temperature Instruments, Recorders,
Techometers, Timers, Pressure Transmitter and other Instruments. |
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Products : |
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Exports to : |
Malaysia, Sri Lanka, Bangladesh, Kazakhstan, Turkey. |
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GENERAL
INFORMATION
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No. of Employees : |
About
27 |
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Bankers : |
Not
Available |
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Auditors : |
Vinay Sethi
and Associates Chartered
Accountants |
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Address : |
I-83A,
Level-3, Lajpat Nagar – II, New Delhi – 110 024, India |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
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100000 |
Equity
Shares |
Rs. 10/- |
Rs. 1.000 millions |
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
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30400 |
Equity
Shares |
Rs. 10/- |
Rs. 0.304 millions |
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 |
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0.304 |
0.304 |
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2] Reserves & Surplus |
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5.037 |
3.123 |
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NETWORTH |
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5.341 |
3.427 |
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LOAN FUNDS |
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1] Secured Loans |
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0.800 |
0.392 |
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2] Unsecured Loans |
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0.188 |
0.311 |
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TOTAL BORROWING |
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0.988 |
0.703 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.023 |
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TOTAL |
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6.329 |
4.153 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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2.336 |
1.585 |
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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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0.694 |
0.425 |
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DEFERREX TAX ASSETS |
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0.004 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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3.506 |
2.707 |
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Sundry Debtors |
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5.535 |
2.887 |
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Cash & Bank Balances |
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2.301 |
0.846 |
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Loans & Advances |
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1.653 |
1.989 |
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Total Current Assets |
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12.995 |
8.429 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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7.267 |
4.790 |
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Provisions |
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2.433 |
1.496 |
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Total Current Liabilities |
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9.700 |
6.286 |
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Net Current Assets |
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3.295 |
2.143 |
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TOTAL |
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6.329 |
4.153 |
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PROFIT
& LOSS ACCOUNT
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Sales Turnover [including other
income] |
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61.121 |
48.760 |
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Profit/(Loss)
Before Tax |
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3.683 |
2.380 |
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Provision
for Taxation |
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--- |
--- |
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Profit/(Loss)
After Tax |
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3.683 |
2.380 |
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Export
Value |
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0.397 |
1.559 |
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Total
Expenditure |
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57.439 |
46.380 |
KEY
RATIOS
|
PARTICULARS |
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|
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
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6.02 |
4.88 |
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Net
Profit Margin(PBT/Sales) |
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6.02 |
4.88 |
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Return
on Total Assets(PBT/Total Assets} |
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24.02 |
23.76 |
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Return
on Investment (ROI)(PBT/Networth) |
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0.68 |
0.69 |
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Debt
Equity Ratio(Total Liability/Networth) |
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3.00 |
3.04 |
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Current
Ratio(Current Asset/Current Liability) |
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1.33 |
1.34 |
LOCAL AGENCY
FURTHER INFORMATION
Profile
Started in 1979, DIGITAL PROMOTERS has risen from humble beginnings as a minor
player in the Instrumentation and Control market to become North India's leading
Test, Measurement, Control and Calibration hub. Instrumentation is our core
business and we are dedicated to meet our customers' every need. With our
commitment to constantly carry out the required measure for quality control, we
achieved the ISO 9001 :2000 certification in 2003. Keeping in tune with Quality
requirements, we are in the process of acquiring the NABL accreditation for
Calibration shortly.
Vision
Vision is to be a prominent industrial leader in
providing one stop instrumentation and control solutions. We aim to bring
quality products and services to our customers.
Business
All products are of High Quality and Reliability.
Their customers include the following industries :-
- Pharmaceutical
Industry
- Food Industry
- Automobile
Industry
- Chemical
Industry
- Sugar Industry Oil Industry
- Cement Industry
- Plastic
Industry
- Electrical
Industry
- Other Process
Industry
Products
Product
Range:-
|
Temperature Instruments |
Indicators,
Controllers, PID controllers, Programmers, Calibrators, Scanners, Bargraph
Indicators, Thermocouples, RTDs |
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Recorders |
Circular Chart
Recorders, Strip Chart Recorders |
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Tachometers & Counters |
Hand Held and
Mains Operated Tachometers, Preset Counters |
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Timers |
ON Delay, OFF
Delay, Sequential, Digital Cyclic Timers |
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Pressure Transmitters |
Pressure
transmitter from Vacuum to 600 BAR and above |
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SMPS / Power Supplies |
5V,12V, 24V DC
Output SMPS, DC Power Supplies, FCBC |
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Other Instruments |
Alarm Annunciator,
Proximity Sensor, Humidity Transmitters, Isolator Converters, Flow Indicators
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Calibration Services
Digital Promoters has more than 25 years of experience in this industry and as such
has acquired abundant sound knowledge and technical expertise to meet the
ever-changing needs of our customers. We provide customized solution and
specialized in industrial instrumentation and calibration. We provide new or
re-calibration services for ISO needs. For your convenience, on-site
calibration and express calibration service is also available.
Customer
Support
Endeavor is to achieve 100%
Customer satisfaction. With a Committed, Trained and Experienced staff we
are able to provide prompt assistance whenever it is required.
Subject also look forward to your feedback on our Products and Services.
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 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.44.17 |
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UK
Pound |
1 |
Rs.86.66 |
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Euro |
1 |
Rs.57.25 |
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 |
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 |
YES |
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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 |
|
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
|
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 |
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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 |
|
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 |
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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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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