MIRA
INFORM REPORT
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Report Date : |
05.07.2007 |
IDENTIFICATION DETAILS
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Name : |
KHANNA TRADERS AND ENGINEERS |
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Registered Office : |
D 7/1, Okhla Industries Area, Phase – 1, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1974 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELK06316C |
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PAN No.: [Permanent
Account No.] |
AAAFK6460C |
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Legal Form : |
Partnership concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturers and Exporters of Solder Wire, Solder Sticks, Solder Fluxes and Soldering Paste |
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 80000 |
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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. Partners are reported as experienced, respectable and resourceful businessmen. Their trade relations are fair. Payments are usually correct and 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 : |
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Tel. No.: |
91-11-2577 8167, 2577 8134 |
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Mobile No.: |
91-9810028987 (Mr. V K Khanna) 91-9810028997 (Dr. S K Khanna) |
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Fax No.: |
91-11-2577 8164 |
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E-Mail : |
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Website : |
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Area : |
3,700 Sq. ft approx |
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Location : |
Owned |
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Factory : |
D – 26, Side 4, |
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Tel. No.: |
91-120-2341196 / 97 |
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Area : |
20000sq.fts |
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Location : |
Rented |
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PARTNERS
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Name : |
Mr. S. K. Khanna |
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Designation : |
Partner |
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Date of Birth/Age : |
58 Years |
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Experience : |
30 – 33 Years |
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Date of Appointment : |
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Name : |
Mr. V. K. Khanna |
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Designation : |
Partner |
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Date of Birth/Age : |
56 Years |
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Experience : |
30 – 33 Years |
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KEY EXECUTIVES
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Name : |
Mr. Amit Khanna |
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Designation : |
Director |
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Mobile No.: |
91-98101 14229, 98100 47299 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Exporters of Solder Wire, Solder Sticks, Solder Fluxes and Soldering Paste |
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Products : |
Metals & Alloys v Solder Wires v Tin / Solder Anodes v Solder Foil / Silver Brazing Foil v Silver Brazing Rods of all Grades v TIN/ZINC Wire v Solder Preforms v Lead Free Solders v Lead Free Material Edition v Properties of Recommended Lead free Solder v Lead Free Flux-Cored Solder Wire v Lead Free Solder Paste v Lead Free Post Flux Flux & Soldering Chemicals v RMA/RA Fluxes v HAL Fluxes v No Clean Fluxes v Water Soluble Fluxes v Tinning Fluxes v Brazing Fluxes (Solid, Liquid & Vapour) Solder Paste (RMA/No Clean) Lacquer & PCB Chemicals v PCB Cleaning Solvents v PCB Lacquer v Copper Lite (Cleaning Chemicals) v Tin Oil v Powder for Anti-Oxidation |
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Brand Names : |
‘Bond’ |
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Exports : |
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Products : |
All Products |
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Countries : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
Credit (30 days / 45 days) |
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Purchasing : |
L/C |
PRODUCTION STATUS
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Particulars |
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Actual
Production |
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150 Metric Tonnes per month approx |
GENERAL INFORMATION
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Customers : |
v Government Institutions v Private Limited Companies v Multinational Companies |
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No. of Employees : |
50 |
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Bankers : |
♠
Central
Bank of Tel No.: 91-11-23361460 Fax No.: 91-11-23341179 ♠
Bank
of Rajasthan |
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Facilities : |
C/C – Central Bank of |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Novex Metal &
Chemicals Partnership
Concern Line of Business
- Solder Wire, Solder Sticks, Solder Fluxes and Soldering Paste Turnover -
Rs.50.000 Millions approx as on March 31, 2005 |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.20.000 millions |
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Borrowed : |
- |
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Total : |
Rs.20.000 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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350.000 |
300.000 |
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Expected Sales (2007-08) : Rs.400.000 – 500.000 millions
LOCAL AGENCY FURTHER INFORMATION
Company Details:
Established in 1974 the subject is an ISO
9001:2000 certified company engaged in the business of Manufacturers and
Exporters of Solder Wire, Solder Sticks and Solder Fluxes
The Promoters Dr S K Khanna and Mr V K Khanna are professionally
qualified and experienced persons and they are having around 25 years
experience in this field.
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Metals & Alloys |
Flux and Soldering Chemicals |
Solder Paste |
Lacquer and PCB Chemicals |
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Lead Free Solders |
Lead Free Fluxes |
Lead Free |
PCB Cleaning Solvents |
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Bond Solder Sticks |
VOC Free Fluxes |
RMA |
PCB Lacquer |
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Solder Wires (Solid, No Clean, RMA, Water Soluble and Urea Based) |
RMA Fluxes |
No Clean |
Copper Lite (Copper Cleaning Chemicals) |
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Solder Foil / Silver Brazing Foil |
No Clean Fluxes |
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Anti-Oxidant (Powder/Metal/Oil) |
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Silver Brazing Rods of all Grades |
Water Soluble Fluxes |
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Hot Air Leveling Fluxes |
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Tin / Zinc Wire |
Tinning Fluxes |
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Solder Preforms |
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Tin & Solder Anodes |
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PROFILE
Even after 25 years in the manufacturing of Solder / Fluxes
and PCB Chemicals, they realise that the journey to excellence is an endless
one. They can only keep striving to be better than they are because the
only standards they work to are those they set for ourselves, just like the
eagle, they aim to goal, they aim for heights with every passing year they
reaffirm their commitment to excelling ourselves.
In this context, their services to Computer, Electronics,
Electrical and Mechanical Engineering Industry including Automobiles, Air
Conditioning etc. is a small one. ZERO RESIDUES FLUX & NO CLEAN
SOLDER WIRE have been newly developed to meet the International Standards
(approved by ITI). They have adopted modern ways to solve the soldering
related problem in solders and soldering chemicals under the supervision of
their Dr S K Khanna, Managing Director (Technical).
They not only provide solders but are manufacturing PCB
Chemicals, Wave Soldering Machines, Dip soldering Plants etc.
25 years of committed services from a modest beginning in
1974, Khanna Traders & Engineers has come to long way. In fact
growing to become one of the top 5 Solder Manufacturers in
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.40.49 |
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1 |
Rs.81.77 |
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Euro |
1 |
Rs.55.18 |
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 |
6 |
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--LEVERAGE |
1~10 |
6 |
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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 |
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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48 |
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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