MIRA
INFORM REPORT
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Report Date : |
19.07.2007 |
IDENTIFICATION DETAILS
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Name : |
NEW RANA ENTERPRISES |
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Registered Office : |
A – 528, Dabua Colony, NIT, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1980 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturing of rollers for cement plant, printing machine and
shafts. |
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 2000 |
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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. Proprietor is reported as
experienced and respectable businessman.
Trade relations are reported as fair.
Business is active. 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 / Factory : |
A – 528, Dabua Colony, NIT, |
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Tel. No.: |
91 – 129 – 2481094 |
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Mobile No.: |
91 – 9871034400 |
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Fax No.: |
91 – 129 – 4099093 |
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E-Mail : |
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Website : |
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Area : |
500 sq. mtrs. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Madan Singh |
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Designation : |
Proprietor |
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Mobile No.: |
91-9871034400, 91-9814411133 |
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Date of Birth/Age : |
28 years |
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Qualification : |
Graduate |
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Experience : |
5 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of rollers for cement plant, printing machine and
shafts. |
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Products : |
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All types of Rollers v
Printing Roller v
Shafts v
Piston Rod v
Embossing Roller v
Slitter Roller |
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Terms : |
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Selling : |
L/C, Cash or Credit |
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Purchasing : |
L/C, Cash or Credit (60 days) |
PRODUCTION STATUS
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Products |
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Actual
Production |
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v
Chemical v
Printing v
Shaft Rollers |
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As per Demand |
GENERAL INFORMATION
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Customers : |
v
Local Customers v
End Users |
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No. of Employees : |
Factory : 12 |
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Bankers : |
Canara Bank, SSI Branch, Nehru Ground, |
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Facilities : |
Cash Credit Limit of Rs. 0.600 million |
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.500 million |
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Borrowed : |
- |
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Total : |
Rs. 0.500 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
3.750 |
3.579 |
3.463 |
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Profit/Loss for the year |
0.350 |
0.265 |
0.150 |
LOCAL AGENCY FURTHER INFORMATION
Trade References
v
Packwell –
v
U. Flex Noida
v
Amtech Industries
v
EEL India Limited, Gurgaon,
Website details attached:
Profile
Subject is a name which
stands synonymous with flawless performance and durability.
Established in the year 1980, they have grown tremendously to entrench
theirselves as the most acknowledged manufacturer and supplier of all
types of Rollers like Printing Roller, Shafts, Piston Rod, Embossing Roller and
Slitter Roller. All their products are designed to
provide ease of installation and maintenance, efficient performance and
outstanding reliability. They have a wide network of marketing personnels,
distributors and suppliers scattered all over the globe to ensure the customers
of smooth and punctual delivery of products. They have a sophisticated
infrastructure comprised of latest machines and highly experienced experts. The
machines function with high level of time and cost efficiency resulting in
reasonable prices for the customers. They boast of a superb working
environment, together with excellent team work that results in the delivery of
impeccable quality products and services.
Quality
- Quality,
reliability and perfection are the hallmarks of their products
- They undergo
quality control procedures of national and international standards
- All their
products are made from the superior quality raw materials
- Their team of
quality experts maintain a strict vigilance at all the stages of
production
- Products are
subjected to several tests to enhance their performance
Infrastructure
They have state of the art infrastructure equipped with all the
ultramodern facilities required for the production of world-class products.
Their in-house manufacturing unit is complacent with hi-tech machineries, which
are kept under the monitoring of technocrats who rectify any error which may
bar the manufacturing process. Their efficient team comprises of skilled
engineers, technicians, experts and dedicated workers. From time to time, they
continuously upgrade their production process with latest and advanced
technologies in order to cope up with the international pressures
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. 40.39 |
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1 |
Rs. 82.93 |
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Euro |
1 |
Rs. 55.75 |
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 |
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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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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