MIRA
INFORM REPORT
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Report Date : |
31.05.2007 |
IDENTIFICATION DETAILS
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Name : |
ATUL INDUSTRIES |
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Registered Office : |
BA – 15, Mangol Puri Industries Area, Phase II, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1995 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturers, Importer and exporters of ISI Grade PVC Cable Compounds
and Tailor made Compound for other applications. |
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 70000 |
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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 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 : |
BA – 15, Mangol Puri Industries Area, Phase II, |
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Tel. No.: |
91-11-27027593 / 27027592 |
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Mobile No.: |
91-9891150000 |
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Fax No.: |
91-11-27027592 |
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E-Mail : |
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Area : |
150 Sq. mtrs. |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr. Atul Gupta |
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Designation : |
Proprietor |
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Date of Birth/Age : |
34 years |
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Qualification : |
Graduate |
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Experience : |
14 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers, Importer and exporters of ISI Grade PVC Cable Compounds
and Tailor made Compound for other applications. |
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Terms : |
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Selling : |
Cash or Credit (30 days) |
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Purchasing : |
Cash or Credit (30 days – 45 days) |
PRODUCTION STATUS
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Installed Capacity, Actual production Capacity to increase production
by 25 % |
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GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
13 |
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Bankers : |
v
Inderprastha Co-operative bank Limited, Wazir
Pur, v
I C I C I
Bank Limited, Shalimar Bagh, |
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Facilities : |
Rs. 2.000 millions from Inderprastha
Co-operative bank Limited, Wazir Pur, |
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 17.500 millions |
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Borrowed : |
- |
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Total : |
Rs. 17.500 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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120.000 |
105.000 |
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Profit/Loss for the year |
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6 – 7% |
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Expected Sales (2007-08): Rs. 150.000 millions
LOCAL AGENCY FURTHER INFORMATION
Website details attached:
If ever there was a discovery that revolutionized day-to-day activity and affected almost everyone, then it has to be plastic. Not a facet of life is without its influence. From the toothbrush used in the morning till the light are turned off late at night with a switch everything has a bit of plastic in it.
These are not any spectacular insights but are common knowledge to every one of us. More so to the urban dweller. They are proud to be part of this plastic world. This includes being responsible in their practices and products and taking utmost care in protecting the environment.
Not only are they contributing to successful product range but are enhancing the bottom line through efficient operations. As has always been their tradition they are committed to setting high quality standards.
Subject was promoted by Mr. Atul Gupta, a technocrat with a clear bent of mind to continuously innovate and provide the best products and services to the industry.
They strongly feel that today the customer requires customized. Therefore over the last few years their main focus area is to develop specialized products which suits to customer's specific requirements and also should be economically viable.
Long term clients of their company can testify to the high quality of our range of products.
They are indeed pleased to provide you with the best of their services and look forward to an enduring relationship with customers
Company Profile
Subject is a manufacturer of best quality PVC Compounds. Started up 1995, by Mr. Atul Gupta, the company is continuously rising on the growth chart and setting very high quality standards. Their strict emphasis on quality is combined with the latest technology to offer their customers a competitive edge.
Since its inception, the company has established a reputation for itself as supplier of quality products. They focus on quality and aim to achieve total customer satisfaction. The company caters largely to electrical industries.
Their highest priority is on customizing their products. They are committed to
provide what their customer wants and they provide quality and consistency at
the best value. Today their products are placed all over
Product / Service
summary
They are dedicated to provide excellent quality materials so it should reflect in the final product's quality also. They are committed to incorporate only the best of raw materials and use latest technology to produce the best.
They Manufacture:
v ISI GRADE PVC CABLE COMPOUNDS
v TAILOR MADE COMPOUNDS FOR OTHER APPLICATIONS
Facility Summary:
They got state of the art infrastructure and equipped with the latest machines to serve you with the best of the materials. They also have necessary testing facility available with us. Strong emphasis on continuous research to innovate new technologies has placed them on the favorites list of many big clients.
Certification /
Awards
They are in process of getting ISO certificates
Focus
Their focus is to
provide us with high quality and reliable products, coupled with their
commitment to the high standards of technical support.
Future Programs of
Company:
They want to start Export.
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. 40.73 |
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1 |
Rs. 80.43 |
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Euro |
1 |
Rs. 54.74 |
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 |
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 |
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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45 |
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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