%20PRIVATE%20LIMITED%2025-Jan-2007_files/image002.jpg)
MIRA INFORM REPORT
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Report Date : |
25.01.2007 |
IDENTIFICATION DETAILS
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Name : |
DOZCO
( |
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Registered Office : |
6,
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Country: |
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Financials (as on): |
31.03.2006 |
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Date of Incorporation : |
30.03.1992 |
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Com. Reg. No.: |
21-54998. |
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CIN No.: [Company Identification No.] |
U29130WB1992PTC054998 |
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TAN No.: [Tax Deduction & Collection Account No.] |
CALD01356F |
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PAN No.: [Permanent Account No.] |
AABCD0776E |
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Legal Form : |
Private Limited Liability
Company. |
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Line of Business : |
Importer,
Exporter and Distributors of all types of Heavy Earth Moving and Construction
Machinery Spare Parts and Daewod Construction, Equipments and wide range of
crenuine / Replacement major parts, Assembly for all equipments. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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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 100000 |
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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 company having fine track records. Directors are
reported as experienced, respectable and resourceful businessmen. Their trade
relations are fair. General financial position is good. Payments are usually correct
and as per commitments. The
company can be considered good for any normal business dealings. |
LOCATIONS
|
Registered Office : |
6,
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Tel. No.: |
91-33-22489809/
2082/ 22101930 |
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Fax No.: |
91-33-22480604 |
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E-Mail : |
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Web Site : |
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Area : |
1000
sq.ft |
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Location : |
Industrial
area |
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Premises : |
owned |
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Head Office : |
Plot
No. 243, Block D, Industrial Development Area, Auto Nagar, |
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Tel. No.: |
91-891-2769681 |
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Fax No.: |
0891-2769687 |
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E-Mail : |
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Web Site : |
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Factory 1 : |
1,
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Area : |
5000
sq.ft |
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Location : |
Industrial
area |
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Premises : |
owned |
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Branch : |
Ahmedabad B-1
and B-2, |
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Tel. No.: |
91-79-26899181
/ 26891915 |
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Fax No.: |
91-79-26891934 |
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E-Mail : |
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Branch : |
Bilaspur Opposite |
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Tel. No.: |
91-7752-223988
/ 2503707 |
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Fax No.: |
91-7752-227107 |
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E-Mail : |
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Branch : |
Chennai 919,
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Tel. No.: |
91-44-26413623
/ 26425720 |
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Fax No.: |
91-44-25321594 |
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E-Mail : |
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Branch : |
Dhanbad 1,
Rajhans Mission, Bank More, Dhanbad-826001, |
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Tel. No.: |
91-326-2303800
/ 2304700 |
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Fax No.: |
91-326-2303266 |
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E-Mail : |
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Branch : |
S06 Second Floor, |
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Tel. No.: |
91-712-2538292 |
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Fax No.: |
91-712-2547940 |
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E-Mail : |
nagpur@dozco.com |
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Branch : |
Satna Radha Swamy Farm House, House No. 5, Kothi Road Civil Lines, Satna- 485001, Madhya Pradesh, India |
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Tel. No.: |
91-7672-2224179 |
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Fax No.: |
91-7672-2509509 |
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E-Mail : |
satna@dozco.com |
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Branch : |
144, Technorate Society, |
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Tel. No.: |
91-294-2450183 |
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Fax No.: |
91-294-2480294 |
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E-Mail : |
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Branch : |
Plot NO. 243, Block No-D, Industrial Development
Area, Auto Nagar, Visakhapatnam-530012,
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Tel. No.: |
91-891-2769681 |
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Fax No.: |
91-891-2769687 |
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E-Mail : |
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Branch : |
Liasion
Office, Usha
Kiran Complex, Near Sarakki Gate, Kanakpura Main Road, Bangalore –560072,
Karnataka, India |
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Tel. No.: |
91-80-30622630 |
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E-Mail : |
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Representative Office : |
Located
at : v Jaipur, Rajasthan v v v |
DIRECTORS
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Name : |
Mr.
Radhe shyam Bangur |
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Designation : |
Director |
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Address : |
Minocha colony, |
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Date of Birth/Age : |
20.01.1952 |
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Date of Appointment : |
30.03.1992 |
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Name : |
Mr.
Ramesh Kumar Bangur |
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Designation : |
Director |
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Address : |
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Qualification: |
B. COM. |
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Date of Birth/Age : |
10th December, 1958 |
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Date of Appointment : |
3rd March, 1992 |
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Name : |
Mr.
Nand Gopal Bangur |
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Designation : |
Director |
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Address : |
Santi Bhavan, Bank More, Dhanbad-826001, |
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Qualification: |
M. Tech. |
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Date of Birth/Age : |
06.05.1964 |
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Date of Appointment : |
03.03.1992 |
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Name : |
Mr.
Shiv Kumar Bangur |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
19.02.1954 |
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Date of Appointment : |
01.04.1994 |
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Name : |
Mr.
Kamal Kishore Bangur |
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Designation : |
Director |
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Address : |
E-44, Anna Nagar (East), 3rd Floor,
Chennai-600084, |
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Qualification: |
B.E. |
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Date of Birth/Age : |
05.06.1968 |
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Date of Appointment : |
01.04.1994 |
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Name : |
Mr.
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Designation : |
Whole
time Director |
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Address : |
50-A,
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Year of Birth : |
14.02.1957 |
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Qualification : |
B.
Com, ACA |
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Experience : |
26
years |
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Date of Appointment : |
03.03.1992 |
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Other Directorship : |
GCB
Finvest Private Limited |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
No. of Shares |
|
Galaxy Merchants Private
Limited |
186200 |
|
Kamdhenu Lefins Private
Limited |
35600 |
|
MGB Commercial Private
Limited |
164800 |
|
Radiant Projects Private
Limited |
51600 |
|
Total |
438200 |
BUSINESS DETAILS
|
Line of Business : |
Importer,
Exporter and Distributors of all types of Heavy Earth Moving and Construction
Machinery Spare Parts and Daewod Construction, Equipments and wide range of
crenuine / Replacement major parts, Assembly for all equipments. |
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Products : |
v Daewoo Hydraulic Excavator v
Rock Breakers v
Hydraulic Pump
Components v Hallite Seals and Seal Kits |
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|
Agencies Held : |
v
v
v
Italricambi
srl, v
Nok
Corporation, v
Commercial
Intertake, v
Federal v
G N L, v
Heavy Equipment
Parts Company, v
Donaldson v
v Hallite |
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Exports to : |
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Imports from : |
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Terms : |
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Selling : |
L/C,
Credit (30 Days) |
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Purchasing : |
L/C,
Credit (30 Days) |
GENERAL INFORMATION
|
Suppliers : |
v
v
v
Commercial
Intertake, v
G N L, v
Heavy
Equipments Parts Company v
Italricambi
srl, v
v
Federal |
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Customers : |
v
The Associated
Cement Companies Limited v
Coal India
Limited & Its Subsidiary Companies v
Durgapur Cement
Limited v
Hindustan
Copper Limited v
Raymonds Cement
Works v
The Tata Iron
& Steel Company Limited and Other major mining, cement and construction
companies. v
Retailers v
Others |
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No. of Employees : |
135 |
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Bankers : |
v Canara Bank 2, v State Bank of Overseas Branch, v Canara Bank New Market, Bank More, Dhanbad - 826001 |
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Facilities: |
v State Bank of v Canara Bank, Credit Limit : Rs. 10.000 Millions |
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Banking Relations : |
Good |
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Auditors : |
R. K. Periwal & Company Chartered Accountants |
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Address : |
Hind
Motor - 712 233, Hooghly, West |
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Affiliates : |
v
Bangur Rubber
Works v GCB Finvest Private Limited |
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Parent Company : |
Bangur
Group Company |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
1500000 |
Equity Shares |
Rs. 10/- |
Rs. 15.000 millions |
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
871400 |
Equity Shares |
Rs. 10/- |
Rs. 8.714 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
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1] Share Capital |
8.714 |
7.522 |
5.972 |
|
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2] Reserves &
Surplus/(Accumulated Losses) |
63.183 |
39.610 |
22.277 |
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NETWORTH
|
71.897 |
47.132 |
28.249 |
|
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LOAN FUNDS |
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1] Secured Loans |
47.724 |
38.405 |
26.025 |
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2] Unsecured Loans |
54.765 |
53.216 |
64.129 |
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TOTAL
BORROWING
|
102.489 |
91.621 |
90.154 |
|
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
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|
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TOTAL
|
174.386 |
138.753 |
118.403 |
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APPLICATION OF FUNDS
|
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FIXED ASSETS [Net Block]
|
43.682 |
25.190 |
21.152 |
|
Capital work-in-progress
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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INVESTMENT
|
0.170 |
0.168 |
0.149 |
|
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CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
|
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Inventories
|
358.803 |
151.935 |
|
|
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Sundry Debtors
|
147.078 |
148.153 |
|
|
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Cash & Bank Balances
|
69.163 |
73.047 |
251.890 |
|
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Other Current Assets
|
0.000 |
0.000 |
|
|
|
Loans & Advances
|
44.742 |
17.582 |
|
Total Current Assets
|
619.786
|
390.717
|
251.890
|
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
|
Current Liabilities
|
469.625 |
265.548 |
154.788 |
|
|
Provisions |
19.627 |
11.774 |
0.000 |
|
|
Total Current Liabilities |
489.252 |
277.322 |
154.788 |
Net Current Assets
|
130.534
|
113.395
|
97.102
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL
|
174.386 |
138.753 |
118.403 |
|
%20PRIVATE%20LIMITED%2025-Jan-2007_files/image003.gif){kind=small}
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
Sales Turnover [including other income]
|
|
595.963 |
408.929 |
|
|
|
|
|
Profit/(Loss) Before Tax
|
|
14.021 |
6.009 |
Provision for Taxation
|
|
5.131 |
2.156 |
Profit/(Loss) After Tax
|
|
8.890 |
3.853 |
|
|
|
|
|
Export Value
|
|
N.A |
1.155 |
|
|
|
|
|
Import Value
|
|
N.A |
155.887 |
|
|
|
|
|
Total Expenditure
|
|
0.000 |
0.000 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
PAT / Total Income
|
(%)
|
NA
|
1.49 |
0.94 |
|
|
|
|
|
|
Net Profit Margin
(PBT/Sales) |
(%) |
NA
|
2.35 |
1.47 |
|
|
|
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|
|
Return on Total Assets
(PBT/Total Assets} |
(%) |
NA
|
3.37 |
2.20 |
|
|
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|
Return on Investment (ROI)
(PBT/Networth) |
|
NA
|
0.30 |
0.21 |
|
|
|
|
|
|
Debt Equity Ratio
(Total Liability/Networth) |
|
8.23
|
7.83 |
8.67 |
|
|
|
|
|
|
Current Ratio
(Current Asset/Current
Liability) |
|
1.27
|
1.41 |
1.63 |
LOCAL AGENCY FURTHER INFORMATION
Trade
References:
v Coal
v SAIL
v Port Trust
v IOL
As
Per Website:
Subject has been distributing parts for Heavy Earth
Moving Machinery for past the two decades. The Company has experienced steady
growth since its inception and today they have offices at Ahemedabad, Bilaspur, Chennai, Dhanbad,
Kolkata,
They serve their valued customers scattered nationwide. Their customers come
from every field i.e. Mining Industry,
Construction and Infrastructure Sectors. Their growth test amounts to
their working relationship with their customers scattered all over country and
suppliers throughout the world. This relationship form strength, stability and
expansion has led to reputation for success. This success is passed on with a
great saving to their customers.
The recent advances in communications has again
strengthen their role in the trade. All offices of Company are connected to
instant informative Computer Networking, hence the benefit goes directly to the
customers about availability of parts etc., this is again reflected while
servicing the customers quickly and efficiently.
Commitment to quality, prompt deliveries and
effective service is the motto of subject.
Subject offers a wide range of products and parts for Komatsu, Caterpillar, Poclain,
Now,
They have become authorized distributor for Daewoo Hydraulic Excavators. They
can provide Service support also for all types of existing Daewoo population as
well as for the new machines sold by us.
Why Dozco
Ø
Their nine
stocking locations, sales offices and one liaison office Nationwide.
Ø
Their hundreds of
product lines.
Ø
Their intimate
knowledge of Heavy Earth Moving Equipments and parts that are
needed.
Ø Their hundreds of skilled and dedicated team members.
They assure quality and fastest delivery, backed with guarantee. They have so
much to offer for the equipments it is almost sure that customer will find what
they need.
The Market they serve:
Getting the Mining Done
Mining
and Quarrying such as Coal, Lignite, Limestone, Copper, Granite, Iron-Ore.
Subject helps to produce mining faster and at lower cost. They specialize in OE
genuine and replacement parts such as under-carriage parts, Hydraulic Seal,
Seal Kits, Wear-Parts, Bearings, Chassis Parts and many more.
Infrastructure Development
On the Global Scene
Wherever
large equipment is at work subject is the supplier for all the needs. Their many
products coupled with their dedicated service and fast response have helped
them become the dominant source for parts in many countries.
Moving the Big Ones
When
it comes to Under Carriage subject has supplied almost everyone. Their business
boosted with under carriage parts. Their range of products & resources
enables them to meet particularly any challenges.
Equipment Works
Minimum Equipment Downtime, because they serve the parts off the shelf at
various locations, where the above activities are going in
Products:
Importers & Distributors
of all types of Heavy Earthmoving & Construction Machinery Spare Parts and
Daewoo Construction Equipments
Wide
Ø
Loaders Front-End/
Backhoe
Ø
Excavators
Backhoe/ Loader
Ø
Dumpers (Off the
road truck)
Ø
Bulldozers/
Tractors
Ø
Motor Graders
Ø
Diesel Engine
Ø
Transmission
Wide
Ø
Hydraulic Rock
Breakers
Ø
Swing Bearings
Ø
Heavy Duty Rock
Buckets
Ø
Heavy Duty
Rippers
Ø
Hydraulic Pumps
and Motors
Ø
Under Carriage
Specials:
Importers
& Distributors of all the types of Heavy Earthmoving & Construction
Machinery spare parts and Daewoo Construction Equipments
Ø
ITM - Italitractor,
S.P.A.,
Ø
Italricambi S.R.
Ø
Donaldson Company
inc.
Ø
Hallite Seals
International Limited,
Ø
Tong Myung Heavy
Industries Company, Limited
Ø
Ø
G.N.L., S.P.A.,
Ø
Ø
Federal Mougul
Inc.,
Ø
Pewag -
Ø
Fenner India
Limited
Ø
Daewoo Heavy
Industries and Machinery Limited
Locations:
Subject’s
offices and stock locations across
Ø Ahmedabad,
Ø Kolkata,
Ø Chennai, Tamilnadu
Ø Dhanbad, Jharkhand
Ø Bilaspur, Chattisgharh
Ø
Ø Satna, Madhya Pradesh
Ø
Ø Vishakapatnam, Andhra Pradesh
Sales representatives in
Ø
Ø
Ø
Ø Jaipur, Rajasthan
Import / Export
Imports:
Subject
imports regularly various genunine / replacement parts applicable to
Excavators, Dozers, Loaders, Dump Trucks, Diesel Engines and Transmissions
applicable to various Earthmoving Equipments. Being of any make such as
Komatsu, Caterpillar,
Exports:
Subject
has sourced many OE/GENUINE parts such as Hydraulic parts, Chassis Parts,
Transmission parts, etc. For Equipments manufactured in
Loaders
Front-End/Backhoe
Ø 20-21, 20-71
Ø 72-21, 72-71
Ø BL 200, BL400, G1420,G3035
Ø TWL3036
Ø 3D.5D02.
Excavators
Backhoe/Loader:
Ø CK72.CK90/CK90-I/CK90-II/CK90-III.
CK170.CK300
Ø UH083LC. UH181. UH261. EX60.
Ø EX100LC. EX200LC
Ø EX300LC. EX400.EX500. EX600.
Ø PC220/BE220.PC300/BE300.PC650/BE650,
Ø PC1000/BE1000
Dumpers
(Of The Road Truck) :
Ø R-25/1025.R-35/1035,773B,777C.
Ø R-25.R-35, 33-11C/D
Ø LW-35/BH-35, LW-50/BH-50, LW-85/BH-85,, HD785
Ø LW-35, LW-50, LW-85
Bulldozers/Tractors
:
Ø BD31A-17,BD50-A15,BD65-E8,BD80-A12,
BD155-A1.BD355-A3,BD475.
Ø D31A-17,D50-A15,D65-E8,D80-A12,D155-A1,
D355-A3,D375A,D475A
Ø D6H
Transmission
:
Ø CLBT754, CRT5633, CLBT5961, CLBT5961D, CLBT6061
Ø TT2221, TT2000.
Ø TT2221, TT2000, CLBT754, CRT5633,
Ø CLBT5961,CLBT5961D,CLBT6061
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
|
Currency |
Unit
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.44.23 |
|
|
1 |
Rs.87.56 |
|
Euro |
1 |
Rs.57.61 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP
CAPITAL |
1~10 |
6 |
|
OPERATING
SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS
SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT
LINES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER
MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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 |